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CDW Corporation（CDW）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
CDW Corporation的季度营收约是史丹利百得的1.5倍（$5.5B vs $3.8B），CDW Corporation同比增速更快（6.3% vs 0.1%），CDW Corporation自由现金流更多（$395.9M vs $155.3M），过去两年CDW Corporation的营收复合增速更高（6.3% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
CDW vs SWK — 直观对比
营收规模更大
CDW
是对方的1.5倍
$3.8B
营收增速更快
CDW
高出6.1%
0.1%
自由现金流更多
CDW
多$240.6M
$155.3M
两年增速更快
CDW
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.5B | $3.8B |
| 净利润 | — | $51.4M |
| 毛利率 | 22.8% | 31.4% |
| 营业利润率 | 7.8% | — |
| 净利率 | — | 1.4% |
| 营收同比 | 6.3% | 0.1% |
| 净利润同比 | — | -43.6% |
| 每股收益（稀释后） | $2.13 | $0.34 |
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CDWSWK
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.7B | $3.8B | ||
| Q2 25 | $6.0B | $3.9B | ||
| Q1 25 | $5.2B | $3.7B | ||
| Q4 24 | $5.2B | $3.7B | ||
| Q3 24 | $5.5B | $3.8B | ||
| Q2 24 | $5.4B | $4.0B | ||
| Q1 24 | $4.9B | $3.9B |
净利润CDWSWK
| Q4 25 | — | — | ||
| Q3 25 | $291.0M | $51.4M | ||
| Q2 25 | $271.2M | $101.9M | ||
| Q1 25 | $224.9M | $90.4M | ||
| Q4 24 | — | $194.9M | ||
| Q3 24 | $316.4M | $91.1M | ||
| Q2 24 | $281.1M | $-11.2M | ||
| Q1 24 | $216.1M | $19.5M |
毛利率CDWSWK
| Q4 25 | 22.8% | — | ||
| Q3 25 | 21.9% | 31.4% | ||
| Q2 25 | 20.8% | 27.0% | ||
| Q1 25 | 21.6% | 29.9% | ||
| Q4 24 | 22.3% | 30.8% | ||
| Q3 24 | 21.8% | 29.9% | ||
| Q2 24 | 21.8% | 28.4% | ||
| Q1 24 | 21.8% | 28.6% |
营业利润率CDWSWK
| Q4 25 | 7.8% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 7.0% | — | ||
| Q4 24 | 7.9% | 3.4% | ||
| Q3 24 | 8.7% | 10.6% | ||
| Q2 24 | 8.0% | 9.5% | ||
| Q1 24 | 6.7% | 8.3% |
净利率CDWSWK
| Q4 25 | — | — | ||
| Q3 25 | 5.1% | 1.4% | ||
| Q2 25 | 4.5% | 2.6% | ||
| Q1 25 | 4.3% | 2.4% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | 5.7% | 2.4% | ||
| Q2 24 | 5.2% | -0.3% | ||
| Q1 24 | 4.4% | 0.5% |
每股收益（稀释后）CDWSWK
| Q4 25 | $2.13 | — | ||
| Q3 25 | $2.21 | $0.34 | ||
| Q2 25 | $2.05 | $0.67 | ||
| Q1 25 | $1.69 | $0.60 | ||
| Q4 24 | $1.97 | $1.29 | ||
| Q3 24 | $2.34 | $0.60 | ||
| Q2 24 | $2.07 | $-0.07 | ||
| Q1 24 | $1.59 | $0.13 |
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 | $268.3M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $2.6B | $9.0B |
| 总资产 | $16.0B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资CDWSWK
| Q4 25 | $618.7M | — | ||
| Q3 25 | $452.9M | $268.3M | ||
| Q2 25 | $481.0M | $311.8M | ||
| Q1 25 | $688.1M | $344.8M | ||
| Q4 24 | $717.7M | $290.5M | ||
| Q3 24 | $1.2B | $298.7M | ||
| Q2 24 | $665.3M | $318.5M | ||
| Q1 24 | $803.8M | $476.6M |
总债务CDWSWK
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
股东权益CDWSWK
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | $9.0B | ||
| Q2 25 | $2.5B | $9.1B | ||
| Q1 25 | $2.3B | $8.8B | ||
| Q4 24 | $2.4B | $8.7B | ||
| Q3 24 | $2.3B | $8.9B | ||
| Q2 24 | $2.2B | $8.7B | ||
| Q1 24 | $2.1B | $8.9B |
总资产CDWSWK
| Q4 25 | $16.0B | — | ||
| Q3 25 | $15.2B | $21.8B | ||
| Q2 25 | $15.3B | $22.5B | ||
| Q1 25 | $15.0B | $22.5B | ||
| Q4 24 | $14.7B | $21.8B | ||
| Q3 24 | $14.4B | $22.5B | ||
| Q2 24 | $13.6B | $22.5B | ||
| Q1 24 | $13.2B | $23.9B |
负债/权益比CDWSWK
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $395.9M | $155.3M |
| 自由现金流率自由现金流/营收 | 7.2% | 4.1% |
| 资本支出强度资本支出/营收 | 0.7% | 1.8% |
| 现金转化率经营现金流/净利润 | — | 4.30× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $369.6M |
8季度趋势，按日历期对齐
经营现金流CDWSWK
| Q4 25 | $433.8M | — | ||
| Q3 25 | $328.3M | $221.2M | ||
| Q2 25 | $155.9M | $214.3M | ||
| Q1 25 | $287.2M | $-420.0M | ||
| Q4 24 | $345.3M | $679.1M | ||
| Q3 24 | $342.1M | $285.8M | ||
| Q2 24 | $149.9M | $573.0M | ||
| Q1 24 | $440.0M | $-431.0M |
自由现金流CDWSWK
| Q4 25 | $395.9M | — | ||
| Q3 25 | $298.5M | $155.3M | ||
| Q2 25 | $133.4M | $134.7M | ||
| Q1 25 | $260.3M | $-485.0M | ||
| Q4 24 | $316.7M | $564.6M | ||
| Q3 24 | $308.5M | $199.3M | ||
| Q2 24 | $119.0M | $485.8M | ||
| Q1 24 | $410.5M | $-496.7M |
自由现金流率CDWSWK
| Q4 25 | 7.2% | — | ||
| Q3 25 | 5.2% | 4.1% | ||
| Q2 25 | 2.2% | 3.4% | ||
| Q1 25 | 5.0% | -13.0% | ||
| Q4 24 | 6.1% | 15.2% | ||
| Q3 24 | 5.6% | 5.3% | ||
| Q2 24 | 2.2% | 12.1% | ||
| Q1 24 | 8.4% | -12.8% |
资本支出强度CDWSWK
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | 0.4% | 2.0% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 0.6% | 3.1% | ||
| Q3 24 | 0.6% | 2.3% | ||
| Q2 24 | 0.6% | 2.2% | ||
| Q1 24 | 0.6% | 1.7% |
现金转化率CDWSWK
| Q4 25 | — | — | ||
| Q3 25 | 1.13× | 4.30× | ||
| Q2 25 | 0.57× | 2.10× | ||
| Q1 25 | 1.28× | -4.65× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | 1.08× | 3.14× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 2.04× | -22.10× |
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
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
