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CDW Corporation（CDW）与PG&E Corporation（PCG）财务数据对比。点击上方公司名可切换其他公司
PG&E Corporation的季度营收约是CDW Corporation的1.2倍（$6.9B vs $5.5B），PG&E Corporation同比增速更快（15.0% vs 6.3%），过去两年PG&E Corporation的营收复合增速更高（7.2% vs 6.3%）
CDW公司是美国多品牌信息技术服务提供商，服务覆盖美国、英国、加拿大三国的商业、政府、教育、医疗领域，总部位于伊利诺伊州弗农希尔斯，位列《财富》500强，2023年全年净销售额达210亿美元。
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
CDW vs PCG — 直观对比
营收规模更大
PCG
是对方的1.2倍
$5.5B
营收增速更快
PCG
高出8.7%
6.3%
两年增速更快
PCG
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.5B | $6.9B |
| 净利润 | — | $885.0M |
| 毛利率 | 22.8% | — |
| 营业利润率 | 7.8% | 21.4% |
| 净利率 | — | 12.9% |
| 营收同比 | 6.3% | 15.0% |
| 净利润同比 | — | 39.6% |
| 每股收益（稀释后） | $2.13 | $0.39 |
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CDWPCG
| Q1 26 | — | $6.9B | ||
| Q4 25 | $5.5B | $6.8B | ||
| Q3 25 | $5.7B | $6.3B | ||
| Q2 25 | $6.0B | $5.9B | ||
| Q1 25 | $5.2B | $6.0B | ||
| Q4 24 | $5.2B | $6.6B | ||
| Q3 24 | $5.5B | $5.9B | ||
| Q2 24 | $5.4B | $6.0B |
净利润CDWPCG
| Q1 26 | — | $885.0M | ||
| Q4 25 | — | $670.0M | ||
| Q3 25 | $291.0M | $850.0M | ||
| Q2 25 | $271.2M | $549.0M | ||
| Q1 25 | $224.9M | $634.0M | ||
| Q4 24 | — | $674.0M | ||
| Q3 24 | $316.4M | $579.0M | ||
| Q2 24 | $281.1M | $524.0M |
毛利率CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 20.8% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | 21.8% | — |
营业利润率CDWPCG
| Q1 26 | — | 21.4% | ||
| Q4 25 | 7.8% | 18.0% | ||
| Q3 25 | 7.7% | 19.3% | ||
| Q2 25 | 7.0% | 18.6% | ||
| Q1 25 | 7.0% | 20.4% | ||
| Q4 24 | 7.9% | 15.4% | ||
| Q3 24 | 8.7% | 17.3% | ||
| Q2 24 | 8.0% | 18.9% |
净利率CDWPCG
| Q1 26 | — | 12.9% | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | 5.1% | 13.6% | ||
| Q2 25 | 4.5% | 9.3% | ||
| Q1 25 | 4.3% | 10.6% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | 5.7% | 9.7% | ||
| Q2 24 | 5.2% | 8.8% |
每股收益（稀释后）CDWPCG
| Q1 26 | — | $0.39 | ||
| Q4 25 | $2.13 | $0.29 | ||
| Q3 25 | $2.21 | $0.37 | ||
| Q2 25 | $2.05 | $0.24 | ||
| Q1 25 | $1.69 | $0.28 | ||
| Q4 24 | $1.97 | $0.30 | ||
| Q3 24 | $2.34 | $0.27 | ||
| Q2 24 | $2.07 | $0.24 |
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 | $618.7M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | — |
| 总资产 | $16.0B | — |
| 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CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | $618.7M | $713.0M | ||
| Q3 25 | $452.9M | $404.0M | ||
| Q2 25 | $481.0M | $494.0M | ||
| Q1 25 | $688.1M | $2.0B | ||
| Q4 24 | $717.7M | $940.0M | ||
| Q3 24 | $1.2B | $895.0M | ||
| Q2 24 | $665.3M | $1.3B |
总债务CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | — | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $32.5B | ||
| Q3 25 | $2.5B | $32.0B | ||
| Q2 25 | $2.5B | $31.2B | ||
| Q1 25 | $2.3B | $30.7B | ||
| Q4 24 | $2.4B | $30.1B | ||
| Q3 24 | $2.3B | $26.8B | ||
| Q2 24 | $2.2B | $26.3B |
总资产CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | $16.0B | $141.6B | ||
| Q3 25 | $15.2B | $138.2B | ||
| Q2 25 | $15.3B | $136.4B | ||
| Q1 25 | $15.0B | $135.4B | ||
| Q4 24 | $14.7B | $133.7B | ||
| Q3 24 | $14.4B | $132.3B | ||
| Q2 24 | $13.6B | $130.8B |
负债/权益比CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $433.8M | — |
| 自由现金流经营现金流 - 资本支出 | $395.9M | — |
| 自由现金流率自由现金流/营收 | 7.2% | — |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | $433.8M | $2.0B | ||
| Q3 25 | $328.3M | $2.9B | ||
| Q2 25 | $155.9M | $1.1B | ||
| Q1 25 | $287.2M | $2.8B | ||
| Q4 24 | $345.3M | $1.9B | ||
| Q3 24 | $342.1M | $3.1B | ||
| Q2 24 | $149.9M | $711.0M |
自由现金流CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | $395.9M | $-1.2B | ||
| Q3 25 | $298.5M | $-80.0M | ||
| Q2 25 | $133.4M | $-2.0B | ||
| Q1 25 | $260.3M | $213.0M | ||
| Q4 24 | $316.7M | $-896.0M | ||
| Q3 24 | $308.5M | $526.0M | ||
| Q2 24 | $119.0M | $-1.6B |
自由现金流率CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | -17.6% | ||
| Q3 25 | 5.2% | -1.3% | ||
| Q2 25 | 2.2% | -34.0% | ||
| Q1 25 | 5.0% | 3.6% | ||
| Q4 24 | 6.1% | -13.5% | ||
| Q3 24 | 5.6% | 8.9% | ||
| Q2 24 | 2.2% | -26.5% |
资本支出强度CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 46.4% | ||
| Q3 25 | 0.5% | 46.9% | ||
| Q2 25 | 0.4% | 52.0% | ||
| Q1 25 | 0.5% | 44.0% | ||
| Q4 24 | 0.6% | 42.6% | ||
| Q3 24 | 0.6% | 43.8% | ||
| Q2 24 | 0.6% | 38.4% |
现金转化率CDWPCG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.93× | ||
| Q3 25 | 1.13× | 3.35× | ||
| Q2 25 | 0.57× | 1.93× | ||
| Q1 25 | 1.28× | 4.49× | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | 1.08× | 5.41× | ||
| Q2 24 | 0.53× | 1.36× |
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
CDW
暂无分部数据
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
