vs
高乐氏（CLX）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
韦莱韬悦的季度营收约是高乐氏的1.7倍（$2.9B vs $1.7B），韦莱韬悦净利率更高（25.5% vs 9.4%，领先16.1%），高乐氏同比增速更快（0.3% vs -3.5%），过去两年韦莱韬悦的营收复合增速更高（12.0% vs -8.3%）
高乐氏是美国跨国企业，专业从事消费级与专业用途产品的生产及营销。2000年至2024年持续入选《财富》500强榜单，最新排名为第485位，旗下产品覆盖清洁护理、家居日用等多个品类，在全球消费市场拥有较高认可度。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
CLX vs WTW — 直观对比
营收规模更大
WTW
是对方的1.7倍
$1.7B
营收增速更快
CLX
高出3.8%
-3.5%
净利率更高
WTW
高出16.1%
9.4%
两年增速更快
WTW
近两年复合增速
-8.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.9B |
| 净利润 | $157.0M | $735.0M |
| 毛利率 | 43.2% | — |
| 营业利润率 | — | 35.3% |
| 净利率 | 9.4% | 25.5% |
| 营收同比 | 0.3% | -3.5% |
| 净利润同比 | -15.6% | -41.0% |
| 每股收益（稀释后） | $1.29 | $7.50 |
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CLXWTW
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.7B | $3.0B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $1.8B | $2.3B |
净利润CLXWTW
| Q4 25 | $157.0M | $735.0M | ||
| Q3 25 | — | $304.0M | ||
| Q2 25 | $332.0M | $331.0M | ||
| Q1 25 | $186.0M | $235.0M | ||
| Q4 24 | $193.0M | $1.2B | ||
| Q3 24 | $99.0M | $-1.7B | ||
| Q2 24 | $216.0M | $141.0M | ||
| Q1 24 | $-51.0M | $190.0M |
毛利率CLXWTW
| Q4 25 | 43.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 46.5% | — | ||
| Q1 25 | 44.6% | — | ||
| Q4 24 | 43.8% | — | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 46.5% | — | ||
| Q1 24 | 42.2% | — |
营业利润率CLXWTW
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | 20.6% | 16.6% | ||
| Q1 25 | 15.2% | 19.8% | ||
| Q4 24 | 14.1% | 30.2% | ||
| Q3 24 | 10.0% | -34.2% | ||
| Q2 24 | 14.5% | 9.6% | ||
| Q1 24 | -2.3% | 12.2% |
净利率CLXWTW
| Q4 25 | 9.4% | 25.5% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | 16.7% | 14.9% | ||
| Q1 25 | 11.2% | 10.8% | ||
| Q4 24 | 11.4% | 41.7% | ||
| Q3 24 | 5.6% | -74.8% | ||
| Q2 24 | 11.4% | 6.4% | ||
| Q1 24 | -2.8% | 8.3% |
每股收益（稀释后）CLXWTW
| Q4 25 | $1.29 | $7.50 | ||
| Q3 25 | — | $3.11 | ||
| Q2 25 | $2.68 | $3.32 | ||
| Q1 25 | $1.50 | $2.33 | ||
| Q4 24 | $1.54 | $12.29 | ||
| Q3 24 | $0.80 | $-16.44 | ||
| Q2 24 | $1.74 | $1.36 | ||
| Q1 24 | $-0.41 | $1.83 |
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 | $227.0M | $3.2B |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $-125.0M | $8.0B |
| 总资产 | $5.6B | $29.5B |
| 负债/权益比越低杠杆越低 | — | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资CLXWTW
| Q4 25 | $227.0M | $3.2B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $167.0M | $2.0B | ||
| Q1 25 | $226.0M | $1.5B | ||
| Q4 24 | $290.0M | $1.9B | ||
| Q3 24 | $278.0M | $1.4B | ||
| Q2 24 | $202.0M | $1.2B | ||
| Q1 24 | $219.0M | $1.9B |
总债务CLXWTW
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | — | — |
股东权益CLXWTW
| Q4 25 | $-125.0M | $8.0B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | $321.0M | $8.1B | ||
| Q1 25 | $27.0M | $8.1B | ||
| Q4 24 | $-41.0M | $7.9B | ||
| Q3 24 | $60.0M | $7.5B | ||
| Q2 24 | $328.0M | $9.3B | ||
| Q1 24 | $91.0M | $9.5B |
总资产CLXWTW
| Q4 25 | $5.6B | $29.5B | ||
| Q3 25 | — | $27.4B | ||
| Q2 25 | $5.6B | $28.5B | ||
| Q1 25 | $5.5B | $28.1B | ||
| Q4 24 | $5.6B | $27.7B | ||
| Q3 24 | $5.5B | $27.2B | ||
| Q2 24 | $5.8B | $29.6B | ||
| Q1 24 | $5.8B | $30.2B |
负债/权益比CLXWTW
| Q4 25 | — | 1.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.74× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.56× | — | ||
| Q1 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 | — | $771.0M |
| 自由现金流经营现金流 - 资本支出 | — | $708.0M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.05× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流CLXWTW
| Q4 25 | — | $771.0M | ||
| Q3 25 | — | $678.0M | ||
| Q2 25 | $294.0M | $361.0M | ||
| Q1 25 | $286.0M | $-35.0M | ||
| Q4 24 | $180.0M | $599.0M | ||
| Q3 24 | $221.0M | $482.0M | ||
| Q2 24 | $340.0M | $407.0M | ||
| Q1 24 | $182.0M | $24.0M |
自由现金流CLXWTW
| Q4 25 | — | $708.0M | ||
| Q3 25 | — | $621.0M | ||
| Q2 25 | $219.0M | $303.0M | ||
| Q1 25 | $233.0M | $-86.0M | ||
| Q4 24 | $127.0M | $543.0M | ||
| Q3 24 | $182.0M | $419.0M | ||
| Q2 24 | $259.0M | $341.0M | ||
| Q1 24 | $127.0M | $-36.0M |
自由现金流率CLXWTW
| Q4 25 | — | 24.6% | ||
| Q3 25 | — | 27.7% | ||
| Q2 25 | 11.0% | 13.7% | ||
| Q1 25 | 14.0% | -3.9% | ||
| Q4 24 | 7.5% | 18.2% | ||
| Q3 24 | 10.3% | 18.7% | ||
| Q2 24 | 13.6% | 15.4% | ||
| Q1 24 | 7.0% | -1.6% |
资本支出强度CLXWTW
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 3.8% | 2.6% | ||
| Q1 25 | 3.2% | 2.3% | ||
| Q4 24 | 3.1% | 1.9% | ||
| Q3 24 | 2.2% | 2.8% | ||
| Q2 24 | 4.3% | 3.0% | ||
| Q1 24 | 3.0% | 2.6% |
现金转化率CLXWTW
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | 0.89× | 1.09× | ||
| Q1 25 | 1.54× | -0.15× | ||
| Q4 24 | 0.93× | 0.48× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 1.57× | 2.89× | ||
| Q1 24 | — | 0.13× |
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
CLX
| Health And Wellness | $643.0M | 38% |
| Household | $419.0M | 25% |
| Lifestyle | $321.0M | 19% |
| Other | $290.0M | 17% |
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
