vs
卡特彼勒（CAT）与赛默飞世尔科技（TMO）财务数据对比。点击上方公司名可切换其他公司
卡特彼勒的季度营收约是赛默飞世尔科技的1.7倍（$19.1B vs $11.0B），赛默飞世尔科技净利率更高（15.0% vs 12.5%，领先2.5%），卡特彼勒同比增速更快（18.0% vs 6.2%），卡特彼勒自由现金流更多（$2.7B vs $825.0M），过去两年卡特彼勒的营收复合增速更高（10.0% vs 2.2%）
卡特彼勒是来自美国的工程设备制造企业，主营建筑、采矿等领域的设备生产，是全球规模最大的工程机械设备制造商。2018年该公司位列美国财富500强第73位、全球财富500强第265位，其股票为道琼斯工业平均指数成分股。
赛默飞世尔科技是美国知名生命科学与临床研究企业，总部位于马萨诸塞州沃尔瑟姆，2006年由热电公司与飞世尔科技合并组建，为全球客户提供分析仪器、临床开发解决方案、特色诊断产品及实验室、制药、生物技术领域专业服务。
CAT vs TMO — 直观对比
营收规模更大
CAT
是对方的1.7倍
$11.0B
营收增速更快
CAT
高出11.8%
6.2%
净利率更高
TMO
高出2.5%
12.5%
自由现金流更多
CAT
多$1.9B
$825.0M
两年增速更快
CAT
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $19.1B | $11.0B |
| 净利润 | $2.4B | $1.7B |
| 毛利率 | 30.5% | — |
| 营业利润率 | 13.9% | 16.9% |
| 净利率 | 12.5% | 15.0% |
| 营收同比 | 18.0% | 6.2% |
| 净利润同比 | -13.9% | 9.6% |
| 每股收益（稀释后） | $5.11 | $4.43 |
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CATTMO
| Q1 26 | — | $11.0B | ||
| Q4 25 | $19.1B | $12.2B | ||
| Q3 25 | $17.6B | $11.1B | ||
| Q2 25 | $16.6B | $10.9B | ||
| Q1 25 | $14.2B | $10.4B | ||
| Q4 24 | $16.2B | $11.4B | ||
| Q3 24 | $16.1B | $10.6B | ||
| Q2 24 | $16.7B | $10.5B |
净利润CATTMO
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.4B | $2.0B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.5B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B |
毛利率CATTMO
| Q1 26 | — | — | ||
| Q4 25 | 30.5% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 36.3% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 39.2% | — |
营业利润率CATTMO
| Q1 26 | — | 16.9% | ||
| Q4 25 | 13.9% | 18.5% | ||
| Q3 25 | 17.3% | 17.5% | ||
| Q2 25 | 17.3% | 16.9% | ||
| Q1 25 | 18.1% | 16.6% | ||
| Q4 24 | 18.0% | 17.7% | ||
| Q3 24 | 19.5% | 17.3% | ||
| Q2 24 | 20.9% | 17.3% |
净利率CATTMO
| Q1 26 | — | 15.0% | ||
| Q4 25 | 12.5% | 16.1% | ||
| Q3 25 | 13.0% | 14.5% | ||
| Q2 25 | 13.2% | 14.9% | ||
| Q1 25 | 14.1% | 14.6% | ||
| Q4 24 | 17.2% | 16.0% | ||
| Q3 24 | 15.3% | 15.4% | ||
| Q2 24 | 16.1% | 14.7% |
每股收益（稀释后）CATTMO
| Q1 26 | — | $4.43 | ||
| Q4 25 | $5.11 | $5.21 | ||
| Q3 25 | $4.88 | $4.27 | ||
| Q2 25 | $4.62 | $4.28 | ||
| Q1 25 | $4.20 | $3.98 | ||
| Q4 24 | $5.76 | $4.78 | ||
| Q3 24 | $5.06 | $4.25 | ||
| Q2 24 | $5.48 | $4.04 |
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 | $10.0B | $3.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $21.3B | $51.9B |
| 总资产 | $98.6B | $113.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CATTMO
| Q1 26 | — | $3.3B | ||
| Q4 25 | $10.0B | $10.1B | ||
| Q3 25 | $7.5B | $3.5B | ||
| Q2 25 | $5.4B | $6.4B | ||
| Q1 25 | $3.6B | $5.9B | ||
| Q4 24 | $6.9B | $5.6B | ||
| Q3 24 | $5.6B | $6.6B | ||
| Q2 24 | $4.3B | $8.8B |
总债务CATTMO
| Q1 26 | — | — | ||
| Q4 25 | — | $35.9B | ||
| Q3 25 | — | $31.9B | ||
| Q2 25 | — | $33.0B | ||
| Q1 25 | — | $31.4B | ||
| Q4 24 | — | $29.1B | ||
| Q3 24 | — | $31.2B | ||
| Q2 24 | — | $30.3B |
股东权益CATTMO
| Q1 26 | — | $51.9B | ||
| Q4 25 | $21.3B | $53.4B | ||
| Q3 25 | $20.7B | $51.0B | ||
| Q2 25 | $18.7B | $50.5B | ||
| Q1 25 | $18.1B | $49.4B | ||
| Q4 24 | $19.5B | $49.6B | ||
| Q3 24 | $19.4B | $49.0B | ||
| Q2 24 | $17.1B | $47.4B |
总资产CATTMO
| Q1 26 | — | $113.3B | ||
| Q4 25 | $98.6B | $110.3B | ||
| Q3 25 | $93.7B | $103.0B | ||
| Q2 25 | $90.3B | $101.2B | ||
| Q1 25 | $85.0B | $99.0B | ||
| Q4 24 | $87.8B | $97.3B | ||
| Q3 24 | $86.3B | $100.4B | ||
| Q2 24 | $83.3B | $98.5B |
负债/权益比CATTMO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.64× |
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 | $3.6B | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $2.7B | $825.0M |
| 自由现金流率自由现金流/营收 | 14.1% | 7.5% |
| 资本支出强度资本支出/营收 | 4.7% | — |
| 现金转化率经营现金流/净利润 | 1.50× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $8.9B | $6.8B |
8季度趋势，按日历期对齐
经营现金流CATTMO
| Q1 26 | — | $1.2B | ||
| Q4 25 | $3.6B | $3.5B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $1.3B | $723.0M | ||
| Q4 24 | $3.4B | $3.3B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.0B | $2.0B |
自由现金流CATTMO
| Q1 26 | — | $825.0M | ||
| Q4 25 | $2.7B | $3.0B | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $579.0M | $361.0M | ||
| Q4 24 | $2.7B | $2.8B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $2.7B | $1.7B |
自由现金流率CATTMO
| Q1 26 | — | 7.5% | ||
| Q4 25 | 14.1% | 24.5% | ||
| Q3 25 | 17.5% | 16.5% | ||
| Q2 25 | 15.5% | 10.2% | ||
| Q1 25 | 4.1% | 3.5% | ||
| Q4 24 | 16.6% | 24.7% | ||
| Q3 24 | 19.4% | 17.9% | ||
| Q2 24 | 16.1% | 15.7% |
资本支出强度CATTMO
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 3.8% | ||
| Q3 25 | 3.7% | 3.6% | ||
| Q2 25 | 3.3% | 2.7% | ||
| Q1 25 | 5.0% | 3.5% | ||
| Q4 24 | 4.3% | 4.2% | ||
| Q3 24 | 2.8% | 2.6% | ||
| Q2 24 | 2.0% | 2.9% |
现金转化率CATTMO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 1.50× | 1.75× | ||
| Q3 25 | 1.63× | 1.39× | ||
| Q2 25 | 1.43× | 0.87× | ||
| Q1 25 | 0.64× | 0.48× | ||
| Q4 24 | 1.22× | 1.80× | ||
| Q3 24 | 1.45× | 1.33× | ||
| Q2 24 | 1.13× | 1.27× |
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
CAT
| Construction Industries | $6.9B | 36% |
| Resource Industries | $3.4B | 18% |
| Powergeneration | $3.2B | 17% |
| Oil And Gas Customer | $2.4B | 13% |
| Financial Products Segment | $1.1B | 6% |
| Industrial | $967.0M | 5% |
| Financial Products | $931.0M | 5% |
| Related Party | $190.0M | 1% |
TMO
| Laboratory Products and Biopharma Services | $6.0B | 55% |
| Life Sciences Solutions | $2.6B | 24% |
| Analytical Instruments | $1.7B | 16% |
| Specialty Diagnostics | $1.1B | 10% |
