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世邦魏理仕（CBRE）与林德（LIN）财务数据对比。点击上方公司名可切换其他公司
世邦魏理仕的季度营收约是林德的1.2倍（$10.5B vs $8.8B），世邦魏理仕同比增速更快（22.0% vs 8.2%），林德自由现金流更多（$898.0K vs $-605.0M），过去两年世邦魏理仕的营收复合增速更高（13.0% vs 3.1%）
世邦魏理仕（CBRE Group）是全球领先的跨国商业地产服务与投资企业，业务涵盖物业顾问、交易撮合、资产管理、项目开发咨询等范畴，为全球各类企业及机构客户提供全链条不动产相关解决方案，服务网络覆盖全球各大主要城市。
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
CBRE vs LIN — 直观对比
营收规模更大
CBRE
是对方的1.2倍
$8.8B
营收增速更快
CBRE
高出13.8%
8.2%
自由现金流更多
LIN
多$605.9M
$-605.0M
两年增速更快
CBRE
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.5B | $8.8B |
| 净利润 | $318.0M | — |
| 毛利率 | 17.6% | 48.5% |
| 营业利润率 | 4.9% | 27.8% |
| 净利率 | 3.0% | — |
| 营收同比 | 22.0% | 8.2% |
| 净利润同比 | 95.1% | — |
| 每股收益（稀释后） | — | $3.98 |
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CBRELIN
| Q1 26 | $10.5B | $8.8B | ||
| Q4 25 | $11.5B | $8.8B | ||
| Q3 25 | $10.1B | $8.6B | ||
| Q2 25 | $9.6B | $8.5B | ||
| Q1 25 | $8.8B | $8.1B | ||
| Q4 24 | $10.2B | $8.3B | ||
| Q3 24 | $8.8B | $8.4B | ||
| Q2 24 | $8.2B | $8.3B |
净利润CBRELIN
| Q1 26 | $318.0M | — | ||
| Q4 25 | $416.0M | $1.5B | ||
| Q3 25 | $363.0M | $1.9B | ||
| Q2 25 | $215.0M | $1.8B | ||
| Q1 25 | $163.0M | $1.7B | ||
| Q4 24 | $487.0M | $1.7B | ||
| Q3 24 | $225.0M | $1.6B | ||
| Q2 24 | $130.0M | $1.7B |
毛利率CBRELIN
| Q1 26 | 17.6% | 48.5% | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 17.6% | — |
营业利润率CBRELIN
| Q1 26 | 4.9% | 27.8% | ||
| Q4 25 | 5.4% | 23.0% | ||
| Q3 25 | 4.8% | 27.5% | ||
| Q2 25 | 3.9% | 27.7% | ||
| Q1 25 | 3.1% | 26.9% | ||
| Q4 24 | 5.8% | 27.4% | ||
| Q3 24 | 4.2% | 25.0% | ||
| Q2 24 | 3.0% | 26.4% |
净利率CBRELIN
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.6% | 17.5% | ||
| Q3 25 | 3.6% | 22.4% | ||
| Q2 25 | 2.2% | 20.8% | ||
| Q1 25 | 1.9% | 20.6% | ||
| Q4 24 | 4.8% | 20.8% | ||
| Q3 24 | 2.5% | 18.5% | ||
| Q2 24 | 1.6% | 20.1% |
每股收益（稀释后）CBRELIN
| Q1 26 | — | $3.98 | ||
| Q4 25 | $1.38 | $3.28 | ||
| Q3 25 | $1.21 | $4.09 | ||
| Q2 25 | $0.72 | $3.73 | ||
| Q1 25 | $0.54 | $3.51 | ||
| Q4 24 | $1.58 | $3.61 | ||
| Q3 24 | $0.73 | $3.22 | ||
| Q2 24 | $0.42 | $3.44 |
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 | $1.7B | $4.0B |
| 总债务越低越好 | $5.1B | $24.7B |
| 股东权益账面价值 | $8.9B | $40.1B |
| 总资产 | $30.2B | $86.3B |
| 负债/权益比越低杠杆越低 | 0.57× | 0.62× |
8季度趋势，按日历期对齐
现金及短期投资CBRELIN
| Q1 26 | $1.7B | $4.0B | ||
| Q4 25 | $1.9B | $5.1B | ||
| Q3 25 | $1.7B | $4.5B | ||
| Q2 25 | $1.4B | $4.8B | ||
| Q1 25 | $1.4B | $5.3B | ||
| Q4 24 | $1.1B | $4.8B | ||
| Q3 24 | $1.0B | $5.2B | ||
| Q2 24 | $928.0M | $4.6B |
总债务CBRELIN
| Q1 26 | $5.1B | $24.7B | ||
| Q4 25 | — | $20.7B | ||
| Q3 25 | — | $18.6B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | — | $17.6B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | — | $17.5B | ||
| Q2 24 | — | $16.9B |
股东权益CBRELIN
| Q1 26 | $8.9B | $40.1B | ||
| Q4 25 | $8.9B | $38.2B | ||
| Q3 25 | $8.5B | $38.6B | ||
| Q2 25 | $8.3B | $38.5B | ||
| Q1 25 | $8.3B | $38.0B | ||
| Q4 24 | $8.4B | $38.1B | ||
| Q3 24 | $8.7B | $39.2B | ||
| Q2 24 | $8.4B | $38.2B |
总资产CBRELIN
| Q1 26 | $30.2B | $86.3B | ||
| Q4 25 | $30.9B | $86.8B | ||
| Q3 25 | $28.6B | $86.0B | ||
| Q2 25 | $27.7B | $86.1B | ||
| Q1 25 | $26.4B | $82.7B | ||
| Q4 24 | $24.4B | $80.1B | ||
| Q3 24 | $24.8B | $82.5B | ||
| Q2 24 | $23.5B | $80.2B |
负债/权益比CBRELIN
| Q1 26 | 0.57× | 0.62× | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.44× |
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 | $-825.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-605.0M | $898.0K |
| 自由现金流率自由现金流/营收 | -5.7% | 0.0% |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | -2.59× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $4.2B |
8季度趋势，按日历期对齐
经营现金流CBRELIN
| Q1 26 | $-825.0M | — | ||
| Q4 25 | $1.2B | $3.0B | ||
| Q3 25 | $827.0M | $2.9B | ||
| Q2 25 | $57.0M | $2.2B | ||
| Q1 25 | $-546.0M | $2.2B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $573.0M | $2.7B | ||
| Q2 24 | $287.0M | $1.9B |
自由现金流CBRELIN
| Q1 26 | $-605.0M | $898.0K | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $743.0M | $1.7B | ||
| Q2 25 | $-17.0M | $954.0M | ||
| Q1 25 | $-610.0M | $891.0M | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $494.0M | $1.7B | ||
| Q2 24 | $220.0M | $796.0M |
自由现金流率CBRELIN
| Q1 26 | -5.7% | 0.0% | ||
| Q4 25 | 9.4% | 17.9% | ||
| Q3 25 | 7.4% | 19.4% | ||
| Q2 25 | -0.2% | 11.2% | ||
| Q1 25 | -7.0% | 11.0% | ||
| Q4 24 | 12.2% | 18.8% | ||
| Q3 24 | 5.6% | 19.9% | ||
| Q2 24 | 2.7% | 9.6% |
资本支出强度CBRELIN
| Q1 26 | 0.8% | — | ||
| Q4 25 | 1.3% | 16.6% | ||
| Q3 25 | 0.8% | 14.8% | ||
| Q2 25 | 0.8% | 14.8% | ||
| Q1 25 | 0.7% | 15.7% | ||
| Q4 24 | 0.9% | 15.1% | ||
| Q3 24 | 0.9% | 12.8% | ||
| Q2 24 | 0.8% | 13.7% |
现金转化率CBRELIN
| Q1 26 | -2.59× | — | ||
| Q4 25 | 2.94× | 1.98× | ||
| Q3 25 | 2.28× | 1.53× | ||
| Q2 25 | 0.27× | 1.25× | ||
| Q1 25 | -3.35× | 1.29× | ||
| Q4 24 | 2.75× | 1.63× | ||
| Q3 24 | 2.55× | 1.76× | ||
| Q2 24 | 2.21× | 1.16× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
