vs
BRADY CORP（BRC）与VIAVI SOLUTIONS INC.（VIAV）财务数据对比。点击上方公司名可切换其他公司
BRADY CORP的季度营收约是VIAVI SOLUTIONS INC.的1.1倍（$405.3M vs $369.3M），BRADY CORP净利率更高（13.3% vs -13.0%，领先26.3%），VIAVI SOLUTIONS INC.同比增速更快（36.4% vs 7.5%），VIAVI SOLUTIONS INC.自由现金流更多（$36.9M vs $22.4M），过去两年VIAVI SOLUTIONS INC.的营收复合增速更高（22.5% vs 12.1%）
布雷迪公司是美国特种产品、技术设备及标识解决方案供应商，1914年创立，总部位于威斯康星州密尔沃基，在美洲、欧洲、亚洲、澳洲拥有6600名员工，业务覆盖全球，为各行业客户提供工作场景所需的零部件标识相关产品与服务。
VIAVI Solutions前身为JDS Uniphase（JDSU）的一部分，是总部位于美国亚利桑那州钱德勒的网络测试、测量与保障技术企业，主营网络测试和监控设备，同时研发的光学技术可应用于材料质量管控、货币防伪、3D动作传感等多个领域，微软Kinect体感游戏控制器的相关技术也来自该公司。
BRC vs VIAV — 直观对比
营收规模更大
BRC
是对方的1.1倍
$369.3M
营收增速更快
VIAV
高出28.9%
7.5%
净利率更高
BRC
高出26.3%
-13.0%
自由现金流更多
VIAV
多$14.5M
$22.4M
两年增速更快
VIAV
近两年复合增速
12.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $405.3M | $369.3M |
| 净利润 | $53.9M | $-48.1M |
| 毛利率 | 51.5% | 57.0% |
| 营业利润率 | 16.8% | 3.1% |
| 净利率 | 13.3% | -13.0% |
| 营收同比 | 7.5% | 36.4% |
| 净利润同比 | 15.3% | -628.6% |
| 每股收益（稀释后） | — | $-0.21 |
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BRCVIAV
| Q4 25 | $405.3M | $369.3M | ||
| Q3 25 | $397.3M | $299.1M | ||
| Q2 25 | $382.6M | $290.5M | ||
| Q1 25 | $356.7M | $284.8M | ||
| Q4 24 | $377.1M | $270.8M | ||
| Q3 24 | $343.4M | $238.2M | ||
| Q2 24 | $343.4M | $252.0M | ||
| Q1 24 | $322.6M | $246.0M |
净利润BRCVIAV
| Q4 25 | $53.9M | $-48.1M | ||
| Q3 25 | $49.9M | $-21.4M | ||
| Q2 25 | $52.3M | $8.0M | ||
| Q1 25 | $40.3M | $19.5M | ||
| Q4 24 | $46.8M | $9.1M | ||
| Q3 24 | $55.5M | $-1.8M | ||
| Q2 24 | $50.9M | $-21.7M | ||
| Q1 24 | $43.6M | $-24.6M |
毛利率BRCVIAV
| Q4 25 | 51.5% | 57.0% | ||
| Q3 25 | 50.4% | 56.5% | ||
| Q2 25 | 51.0% | 56.3% | ||
| Q1 25 | 49.3% | 56.4% | ||
| Q4 24 | 50.3% | 59.4% | ||
| Q3 24 | 51.6% | 57.1% | ||
| Q2 24 | 51.6% | 57.8% | ||
| Q1 24 | 50.2% | 56.1% |
营业利润率BRCVIAV
| Q4 25 | 16.8% | 3.1% | ||
| Q3 25 | 14.9% | 2.5% | ||
| Q2 25 | 17.6% | 5.3% | ||
| Q1 25 | 14.4% | 3.0% | ||
| Q4 24 | 15.6% | 8.2% | ||
| Q3 24 | 19.3% | 4.8% | ||
| Q2 24 | 18.5% | -2.3% | ||
| Q1 24 | 16.7% | -4.8% |
净利率BRCVIAV
| Q4 25 | 13.3% | -13.0% | ||
| Q3 25 | 12.6% | -7.2% | ||
| Q2 25 | 13.7% | 2.8% | ||
| Q1 25 | 11.3% | 6.8% | ||
| Q4 24 | 12.4% | 3.4% | ||
| Q3 24 | 16.1% | -0.8% | ||
| Q2 24 | 14.8% | -8.6% | ||
| Q1 24 | 13.5% | -10.0% |
每股收益（稀释后）BRCVIAV
| Q4 25 | — | $-0.21 | ||
| Q3 25 | — | $-0.10 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | — | $-0.11 |
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 | $182.7M | $767.4M |
| 总债务越低越好 | $115.9M | $1.2B |
| 股东权益账面价值 | $1.2B | $834.3M |
| 总资产 | $1.8B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.09× | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资BRCVIAV
| Q4 25 | $182.7M | $767.4M | ||
| Q3 25 | $174.3M | $545.6M | ||
| Q2 25 | $152.2M | $425.3M | ||
| Q1 25 | $138.5M | $396.8M | ||
| Q4 24 | $145.7M | $509.4M | ||
| Q3 24 | $250.1M | $493.1M | ||
| Q2 24 | $160.5M | $491.2M | ||
| Q1 24 | $143.9M | $482.6M |
总债务BRCVIAV
| Q4 25 | $115.9M | $1.2B | ||
| Q3 25 | $99.8M | $640.5M | ||
| Q2 25 | — | $396.3M | ||
| Q1 25 | — | $396.1M | ||
| Q4 24 | — | $639.3M | ||
| Q3 24 | $90.9M | $637.6M | ||
| Q2 24 | — | $636.0M | ||
| Q1 24 | — | $634.4M |
股东权益BRCVIAV
| Q4 25 | $1.2B | $834.3M | ||
| Q3 25 | $1.2B | $723.9M | ||
| Q2 25 | $1.2B | $780.2M | ||
| Q1 25 | $1.1B | $728.8M | ||
| Q4 24 | $1.1B | $682.8M | ||
| Q3 24 | $1.1B | $702.1M | ||
| Q2 24 | $1.0B | $681.6M | ||
| Q1 24 | $1.0B | $705.1M |
总资产BRCVIAV
| Q4 25 | $1.8B | $2.8B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $1.7B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.4B | $1.7B |
负债/权益比BRCVIAV
| Q4 25 | 0.09× | 1.46× | ||
| Q3 25 | 0.08× | 0.88× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.54× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | 0.09× | 0.91× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 0.90× |
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 | $33.4M | $42.5M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $36.9M |
| 自由现金流率自由现金流/营收 | 5.5% | 10.0% |
| 资本支出强度资本支出/营收 | 2.7% | 1.5% |
| 现金转化率经营现金流/净利润 | 0.62× | — |
| 过去12个月自由现金流最近4个季度 | $159.9M | $78.7M |
8季度趋势，按日历期对齐
经营现金流BRCVIAV
| Q4 25 | $33.4M | $42.5M | ||
| Q3 25 | $58.3M | $31.0M | ||
| Q2 25 | $59.9M | $23.8M | ||
| Q1 25 | $39.6M | $7.8M | ||
| Q4 24 | $23.4M | $44.7M | ||
| Q3 24 | $84.0M | $13.5M | ||
| Q2 24 | $72.7M | $26.2M | ||
| Q1 24 | $36.1M | $19.5M |
自由现金流BRCVIAV
| Q4 25 | $22.4M | $36.9M | ||
| Q3 25 | $49.4M | $22.5M | ||
| Q2 25 | $55.6M | $18.3M | ||
| Q1 25 | $32.5M | $1.0M | ||
| Q4 24 | $16.1M | $36.5M | ||
| Q3 24 | $73.2M | $6.2M | ||
| Q2 24 | $64.4M | $22.4M | ||
| Q1 24 | $-13.5M | $16.3M |
自由现金流率BRCVIAV
| Q4 25 | 5.5% | 10.0% | ||
| Q3 25 | 12.4% | 7.5% | ||
| Q2 25 | 14.5% | 6.3% | ||
| Q1 25 | 9.1% | 0.4% | ||
| Q4 24 | 4.3% | 13.5% | ||
| Q3 24 | 21.3% | 2.6% | ||
| Q2 24 | 18.8% | 8.9% | ||
| Q1 24 | -4.2% | 6.6% |
资本支出强度BRCVIAV
| Q4 25 | 2.7% | 1.5% | ||
| Q3 25 | 2.2% | 2.8% | ||
| Q2 25 | 1.1% | 1.9% | ||
| Q1 25 | 2.0% | 2.4% | ||
| Q4 24 | 1.9% | 3.0% | ||
| Q3 24 | 3.1% | 3.1% | ||
| Q2 24 | 2.4% | 1.5% | ||
| Q1 24 | 15.4% | 1.3% |
现金转化率BRCVIAV
| Q4 25 | 0.62× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 1.15× | 2.98× | ||
| Q1 25 | 0.98× | 0.40× | ||
| Q4 24 | 0.50× | 4.91× | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 1.43× | — | ||
| Q1 24 | 0.83× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BRC
| Americas Asia | $215.1M | 53% |
| Europe Australia | $119.9M | 30% |
| Other | $70.2M | 17% |
VIAV
| Products | $317.3M | 86% |
| Services | $52.0M | 14% |
