vs
Brookfield Infrastructure Corp（BIPC）与WATSCO INC（WSO）财务数据对比。点击上方公司名可切换其他公司
WATSCO INC的季度营收约是Brookfield Infrastructure Corp的1.8倍（$1.6B vs $866.0M），WATSCO INC净利率更高（4.5% vs -35.7%，领先40.2%），Brookfield Infrastructure Corp同比增速更快（-4.6% vs -10.0%）
布鲁克菲尔德基础设施合伙公司是一家公开上市的有限合伙企业，总部位于加拿大多伦多，核心业务为在全球范围内开展基础设施资产的收购、运营与管理，在全球基础设施投资领域拥有深厚的行业积累与较强的市场影响力。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
BIPC vs WSO — 直观对比
营收规模更大
WSO
是对方的1.8倍
$866.0M
营收增速更快
BIPC
高出5.4%
-10.0%
净利率更高
WSO
高出40.2%
-35.7%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.0M | $1.6B |
| 净利润 | $-309.0M | $71.7M |
| 毛利率 | 65.0% | 27.1% |
| 营业利润率 | 62.7% | 6.4% |
| 净利率 | -35.7% | 4.5% |
| 营收同比 | -4.6% | -10.0% |
| 净利润同比 | -148.1% | -25.9% |
| 每股收益（稀释后） | — | $1.82 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BIPCWSO
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $866.0M | $2.1B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $908.0M | $2.1B | ||
| Q1 24 | — | $1.6B |
净利润BIPCWSO
| Q4 25 | — | $71.7M | ||
| Q3 25 | — | $161.6M | ||
| Q2 25 | $-309.0M | $183.6M | ||
| Q1 25 | — | $80.1M | ||
| Q4 24 | — | $96.8M | ||
| Q3 24 | — | $171.0M | ||
| Q2 24 | $643.0M | $181.4M | ||
| Q1 24 | — | $87.0M |
毛利率BIPCWSO
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | 65.0% | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | 63.8% | 27.1% | ||
| Q1 24 | — | 27.5% |
营业利润率BIPCWSO
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | 62.7% | 13.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | 61.9% | 12.6% | ||
| Q1 24 | — | 8.1% |
净利率BIPCWSO
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | -35.7% | 8.9% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | 70.8% | 8.5% | ||
| Q1 24 | — | 5.6% |
每股收益（稀释后）BIPCWSO
| Q4 25 | — | $1.82 | ||
| Q3 25 | — | $3.98 | ||
| Q2 25 | — | $4.52 | ||
| Q1 25 | — | $1.93 | ||
| Q4 24 | — | $2.42 | ||
| Q3 24 | — | $4.22 | ||
| Q2 24 | — | $4.49 | ||
| Q1 24 | — | $2.17 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.2B | $733.3M |
| 总债务越低越好 | — | $361.6M |
| 股东权益账面价值 | $2.2B | $2.8B |
| 总资产 | $23.9B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资BIPCWSO
| Q4 25 | — | $733.3M | ||
| Q3 25 | — | $524.3M | ||
| Q2 25 | $1.2B | $293.0M | ||
| Q1 25 | — | $431.8M | ||
| Q4 24 | — | $781.9M | ||
| Q3 24 | — | $550.0M | ||
| Q2 24 | $466.0M | $424.9M | ||
| Q1 24 | — | $478.9M |
总债务BIPCWSO
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
股东权益BIPCWSO
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | $3.5B | $2.6B | ||
| Q1 24 | — | $2.5B |
总资产BIPCWSO
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | $23.9B | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | $23.7B | $4.4B | ||
| Q1 24 | — | $4.4B |
负债/权益比BIPCWSO
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $478.0M | $399.8M |
| 自由现金流经营现金流 - 资本支出 | — | $388.5M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | — | 5.57× |
| 过去12个月自由现金流最近4个季度 | — | $535.1M |
8季度趋势，按日历期对齐
经营现金流BIPCWSO
| Q4 25 | — | $399.8M | ||
| Q3 25 | — | $354.9M | ||
| Q2 25 | $478.0M | $-7.4M | ||
| Q1 25 | — | $-177.6M | ||
| Q4 24 | — | $378.9M | ||
| Q3 24 | — | $232.8M | ||
| Q2 24 | $511.0M | $57.7M | ||
| Q1 24 | — | $103.7M |
自由现金流BIPCWSO
| Q4 25 | — | $388.5M | ||
| Q3 25 | — | $346.1M | ||
| Q2 25 | — | $-14.3M | ||
| Q1 25 | — | $-185.2M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | — | $223.0M | ||
| Q2 24 | — | $51.3M | ||
| Q1 24 | — | $97.9M |
自由现金流率BIPCWSO
| Q4 25 | — | 24.6% | ||
| Q3 25 | — | 16.7% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -12.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 6.3% |
资本支出强度BIPCWSO
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.4% |
现金转化率BIPCWSO
| Q4 25 | — | 5.57× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | — | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | 0.79× | 0.32× | ||
| Q1 24 | — | 1.19× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
