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开利（CARR）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
开利的季度营收约是维谛技术的1.8倍（$4.8B vs $2.6B），维谛技术净利率更高（14.7% vs 1.1%，领先13.6%），开利同比增速更快（33.2% vs 30.1%），开利自由现金流更多（$909.0M vs $652.8M），过去两年维谛技术的营收复合增速更高（16.5% vs -11.5%）
开利全球是总部位于美国佛罗里达州棕榈滩花园的跨国企业，成立于1915年，主营暖通空调、制冷、消防及安防设备。公司最初以生产销售暖通空调系统起家，后续逐步拓展业务，覆盖商用制冷、餐饮服务设备及消防安防技术等领域。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
CARR vs VRT — 直观对比
营收规模更大
CARR
是对方的1.8倍
$2.6B
营收增速更快
CARR
高出3.1%
30.1%
净利率更高
VRT
高出13.6%
1.1%
自由现金流更多
CARR
多$256.2M
$652.8M
两年增速更快
VRT
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $2.6B |
| 净利润 | $53.0M | $390.1M |
| 毛利率 | — | 37.7% |
| 营业利润率 | 2.1% | — |
| 净利率 | 1.1% | 14.7% |
| 营收同比 | 33.2% | 30.1% |
| 净利润同比 | -97.9% | 137.1% |
| 每股收益（稀释后） | $0.07 | $0.99 |
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CARRVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $5.6B | $2.7B | ||
| Q2 25 | $6.1B | $2.6B | ||
| Q1 25 | $5.2B | $2.0B | ||
| Q4 24 | $3.6B | $2.3B | ||
| Q3 24 | $6.0B | $2.1B | ||
| Q2 24 | $6.7B | $2.0B |
净利润CARRVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $53.0M | $445.6M | ||
| Q3 25 | $428.0M | $398.5M | ||
| Q2 25 | $591.0M | $324.2M | ||
| Q1 25 | $412.0M | $164.5M | ||
| Q4 24 | $2.6B | $147.0M | ||
| Q3 24 | $447.0M | $176.6M | ||
| Q2 24 | $2.3B | $178.1M |
毛利率CARRVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 38.0% |
营业利润率CARRVRT
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 20.1% | ||
| Q3 25 | 9.7% | 19.3% | ||
| Q2 25 | 14.8% | 16.8% | ||
| Q1 25 | 12.1% | 14.3% | ||
| Q4 24 | -63.6% | 19.5% | ||
| Q3 24 | 12.8% | 17.9% | ||
| Q2 24 | 55.2% | 17.2% |
净利率CARRVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 1.1% | 15.5% | ||
| Q3 25 | 7.7% | 14.9% | ||
| Q2 25 | 9.7% | 12.3% | ||
| Q1 25 | 7.9% | 8.1% | ||
| Q4 24 | 70.3% | 6.3% | ||
| Q3 24 | 7.5% | 8.5% | ||
| Q2 24 | 34.9% | 9.1% |
每股收益（稀释后）CARRVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.07 | $1.14 | ||
| Q3 25 | $0.50 | $1.02 | ||
| Q2 25 | $0.68 | $0.83 | ||
| Q1 25 | $0.47 | $0.42 | ||
| Q4 24 | $2.82 | $0.38 | ||
| Q3 24 | $0.49 | $0.46 | ||
| Q2 24 | $2.55 | $0.46 |
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 | $1.6B | $2.5B |
| 总债务越低越好 | $11.4B | $0 |
| 股东权益账面价值 | $14.1B | $4.2B |
| 总资产 | $37.2B | $13.4B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CARRVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $4.0B | $1.2B | ||
| Q3 24 | $2.2B | $908.7M | ||
| Q2 24 | $2.9B | $579.7M |
总债务CARRVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $11.4B | $2.9B | ||
| Q3 25 | $11.3B | $2.9B | ||
| Q2 25 | $11.3B | $2.9B | ||
| Q1 25 | $11.1B | $2.9B | ||
| Q4 24 | $11.0B | $2.9B | ||
| Q3 24 | $10.3B | $2.9B | ||
| Q2 24 | $11.3B | $2.9B |
股东权益CARRVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $14.1B | $3.9B | ||
| Q3 25 | $14.8B | $3.5B | ||
| Q2 25 | $15.0B | $3.1B | ||
| Q1 25 | $14.2B | $2.7B | ||
| Q4 24 | $14.4B | $2.4B | ||
| Q3 24 | $15.0B | $1.8B | ||
| Q2 24 | $14.1B | $1.5B |
总资产CARRVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $37.2B | $12.2B | ||
| Q3 25 | $38.1B | $10.8B | ||
| Q2 25 | $38.5B | $10.4B | ||
| Q1 25 | $36.4B | $9.5B | ||
| Q4 24 | $37.4B | $9.1B | ||
| Q3 24 | $40.2B | $8.9B | ||
| Q2 24 | $40.4B | $8.1B |
负债/权益比CARRVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.80× | 0.74× | ||
| Q3 25 | 0.76× | 0.83× | ||
| Q2 25 | 0.76× | 0.93× | ||
| Q1 25 | 0.78× | 1.10× | ||
| Q4 24 | 0.77× | 1.20× | ||
| Q3 24 | 0.69× | 1.62× | ||
| Q2 24 | 0.80× | 1.91× |
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 | $1.0B | — |
| 自由现金流经营现金流 - 资本支出 | $909.0M | $652.8M |
| 自由现金流率自由现金流/营收 | 18.8% | 24.6% |
| 资本支出强度资本支出/营收 | 2.7% | 4.2% |
| 现金转化率经营现金流/净利润 | 19.62× | — |
| 过去12个月自由现金流最近4个季度 | $2.1B | $2.3B |
8季度趋势，按日历期对齐
经营现金流CARRVRT
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $978.9M | ||
| Q3 25 | $341.0M | $508.7M | ||
| Q2 25 | $649.0M | $322.9M | ||
| Q1 25 | $483.0M | $303.3M | ||
| Q4 24 | $132.0M | $425.2M | ||
| Q3 24 | $-269.0M | $378.2M | ||
| Q2 24 | $660.0M | $378.4M |
自由现金流CARRVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $909.0M | $885.6M | ||
| Q3 25 | $224.0M | $463.5M | ||
| Q2 25 | $568.0M | $277.9M | ||
| Q1 25 | $420.0M | $266.8M | ||
| Q4 24 | $-85.0M | $364.5M | ||
| Q3 24 | $-356.0M | $341.8M | ||
| Q2 24 | $549.0M | $344.3M |
自由现金流率CARRVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 18.8% | 30.8% | ||
| Q3 25 | 4.0% | 17.3% | ||
| Q2 25 | 9.3% | 10.5% | ||
| Q1 25 | 8.0% | 13.1% | ||
| Q4 24 | -2.3% | 15.5% | ||
| Q3 24 | -5.9% | 16.5% | ||
| Q2 24 | 8.2% | 17.6% |
资本支出强度CARRVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 2.7% | 3.2% | ||
| Q3 25 | 2.1% | 1.7% | ||
| Q2 25 | 1.3% | 1.7% | ||
| Q1 25 | 1.2% | 1.8% | ||
| Q4 24 | 6.0% | 2.6% | ||
| Q3 24 | 1.5% | 1.8% | ||
| Q2 24 | 1.7% | 1.7% |
现金转化率CARRVRT
| Q1 26 | — | — | ||
| Q4 25 | 19.62× | 2.20× | ||
| Q3 25 | 0.80× | 1.28× | ||
| Q2 25 | 1.10× | 1.00× | ||
| Q1 25 | 1.17× | 1.84× | ||
| Q4 24 | 0.05× | 2.89× | ||
| Q3 24 | -0.60× | 2.14× | ||
| Q2 24 | 0.28× | 2.12× |
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
CARR
| Products | $4.1B | 86% |
| Services | $699.0M | 14% |
VRT
暂无分部数据
