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CNH Industrial N.V.（CNH）与MANITOWOC CO INC（MTW）财务数据对比。点击上方公司名可切换其他公司
CNH Industrial N.V.的季度营收约是MANITOWOC CO INC的6.6倍（$4.5B vs $677.1M）。CNH Industrial N.V.净利率更高（1.9% vs 1.0%，领先0.9%）。MANITOWOC CO INC同比增速更快（13.6% vs 7.8%）。过去两年MANITOWOC CO INC的营收复合增速更高（16.9% vs 3.8%）
CNH Industrial是意美跨国企业，全球总部位于英国巴西尔登，由跨国投资公司Exor控股，实际控制方为阿涅利家族。公司核心业务涵盖农业机械、工程设备的设计、生产及销售，覆盖全球所有主要市场，目前正重点拓展高增长市场的业务布局。
马尼托瓦克公司是一家美国工程机械制造企业，创立于1902年，核心产品为起重机械，历史上曾生产商用制冷设备与船舶设备。公司通过全资子公司，围绕Grove、马尼托瓦克、Potain等多个品牌，设计、生产、销售移动式伸缩臂起重机、塔式起重机、履带式起重机等设备，并提供相关售后服务支持。
CNH vs MTW — 直观对比
营收规模更大
CNH
是对方的6.6倍
$677.1M
营收增速更快
MTW
高出5.8%
7.8%
净利率更高
CNH
高出0.9%
1.0%
两年增速更快
MTW
近两年复合增速
3.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $677.1M |
| 净利润 | $86.0M | $7.0M |
| 毛利率 | 18.4% | 16.7% |
| 营业利润率 | 3.0% | 3.0% |
| 净利率 | 1.9% | 1.0% |
| 营收同比 | 7.8% | 13.6% |
| 净利润同比 | -18.9% | -87.7% |
| 每股收益（稀释后） | $0.08 | $0.20 |
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CNHMTW
| Q4 25 | $4.5B | $677.1M | ||
| Q3 25 | $3.7B | $553.4M | ||
| Q2 25 | $4.0B | $539.5M | ||
| Q1 25 | $3.2B | $470.9M | ||
| Q4 24 | $4.1B | $596.0M | ||
| Q3 24 | $4.0B | $524.8M | ||
| Q2 24 | $4.8B | $562.1M | ||
| Q1 24 | $4.1B | $495.1M |
净利润CNHMTW
| Q4 25 | $86.0M | $7.0M | ||
| Q3 25 | $80.0M | $5.0M | ||
| Q2 25 | $213.0M | $1.5M | ||
| Q1 25 | $131.0M | $-6.3M | ||
| Q4 24 | $106.0M | $56.7M | ||
| Q3 24 | $306.0M | $-7.0M | ||
| Q2 24 | $433.0M | $1.6M | ||
| Q1 24 | $401.0M | $4.5M |
毛利率CNHMTW
| Q4 25 | 18.4% | 16.7% | ||
| Q3 25 | 19.1% | 18.5% | ||
| Q2 25 | 20.6% | 18.4% | ||
| Q1 25 | 19.0% | 19.1% | ||
| Q4 24 | 19.5% | 16.0% | ||
| Q3 24 | 21.7% | 16.7% | ||
| Q2 24 | 22.9% | 17.7% | ||
| Q1 24 | 22.7% | 18.7% |
营业利润率CNHMTW
| Q4 25 | 3.0% | 3.0% | ||
| Q3 25 | 1.4% | 3.3% | ||
| Q2 25 | 6.8% | 1.8% | ||
| Q1 25 | 5.1% | 1.1% | ||
| Q4 24 | 5.8% | 2.7% | ||
| Q3 24 | 9.6% | 1.4% | ||
| Q2 24 | 11.1% | 2.3% | ||
| Q1 24 | 11.6% | 3.1% |
净利率CNHMTW
| Q4 25 | 1.9% | 1.0% | ||
| Q3 25 | 2.2% | 0.9% | ||
| Q2 25 | 5.3% | 0.3% | ||
| Q1 25 | 4.1% | -1.3% | ||
| Q4 24 | 2.6% | 9.5% | ||
| Q3 24 | 7.7% | -1.3% | ||
| Q2 24 | 9.0% | 0.3% | ||
| Q1 24 | 9.7% | 0.9% |
每股收益（稀释后）CNHMTW
| Q4 25 | $0.08 | $0.20 | ||
| Q3 25 | $0.06 | $0.14 | ||
| Q2 25 | $0.17 | $0.04 | ||
| Q1 25 | $0.10 | $-0.18 | ||
| Q4 24 | $0.10 | $1.60 | ||
| Q3 24 | $0.24 | $-0.20 | ||
| Q2 24 | $0.34 | $0.04 | ||
| Q1 24 | $0.31 | $0.12 |
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 | $2.6B | $77.3M |
| 总债务越低越好 | — | $447.1M |
| 股东权益账面价值 | $7.8B | $695.2M |
| 总资产 | $42.7B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资CNHMTW
| Q4 25 | $2.6B | $77.3M | ||
| Q3 25 | $2.3B | $39.7M | ||
| Q2 25 | $2.5B | $32.9M | ||
| Q1 25 | $1.7B | $41.4M | ||
| Q4 24 | $3.2B | $48.0M | ||
| Q3 24 | $1.8B | $22.9M | ||
| Q2 24 | $2.0B | $38.1M | ||
| Q1 24 | $3.2B | $31.5M |
总债务CNHMTW
| Q4 25 | — | $447.1M | ||
| Q3 25 | — | $479.9M | ||
| Q2 25 | — | $459.8M | ||
| Q1 25 | — | $381.4M | ||
| Q4 24 | — | $377.1M | ||
| Q3 24 | — | $426.7M | ||
| Q2 24 | — | $406.3M | ||
| Q1 24 | — | $372.7M |
股东权益CNHMTW
| Q4 25 | $7.8B | $695.2M | ||
| Q3 25 | $7.8B | $682.7M | ||
| Q2 25 | $7.8B | $681.3M | ||
| Q1 25 | $7.9B | $651.6M | ||
| Q4 24 | $7.7B | $640.1M | ||
| Q3 24 | $7.7B | $607.6M | ||
| Q2 24 | $7.6B | $592.3M | ||
| Q1 24 | $8.0B | $596.0M |
总资产CNHMTW
| Q4 25 | $42.7B | $1.8B | ||
| Q3 25 | $43.3B | $1.9B | ||
| Q2 25 | $43.7B | $1.9B | ||
| Q1 25 | $42.1B | $1.8B | ||
| Q4 24 | $42.9B | $1.7B | ||
| Q3 24 | $44.0B | $1.8B | ||
| Q2 24 | $44.0B | $1.7B | ||
| Q1 24 | $45.7B | $1.8B |
负债/权益比CNHMTW
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.67× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.63× |
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 | $945.0M | $91.1M |
| 自由现金流经营现金流 - 资本支出 | — | $78.3M |
| 自由现金流率自由现金流/营收 | — | 11.6% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 10.99× | 13.01× |
| 过去12个月自由现金流最近4个季度 | — | $-15.3M |
8季度趋势，按日历期对齐
经营现金流CNHMTW
| Q4 25 | $945.0M | $91.1M | ||
| Q3 25 | $659.0M | $-14.1M | ||
| Q2 25 | $772.0M | $-67.7M | ||
| Q1 25 | $162.0M | $12.9M | ||
| Q4 24 | $1.7B | $112.4M | ||
| Q3 24 | $791.0M | $-43.6M | ||
| Q2 24 | $379.0M | $11.0M | ||
| Q1 24 | $-894.0M | $-30.6M |
自由现金流CNHMTW
| Q4 25 | — | $78.3M | ||
| Q3 25 | — | $-22.0M | ||
| Q2 25 | — | $-73.7M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $101.1M | ||
| Q3 24 | — | $-52.9M | ||
| Q2 24 | — | $-1.9M | ||
| Q1 24 | — | $-42.8M |
自由现金流率CNHMTW
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | -4.0% | ||
| Q2 25 | — | -13.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 17.0% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -0.3% | ||
| Q1 24 | — | -8.6% |
资本支出强度CNHMTW
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 2.5% |
现金转化率CNHMTW
| Q4 25 | 10.99× | 13.01× | ||
| Q3 25 | 8.24× | -2.82× | ||
| Q2 25 | 3.62× | -45.13× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 15.96× | 1.98× | ||
| Q3 24 | 2.58× | — | ||
| Q2 24 | 0.88× | 6.88× | ||
| Q1 24 | -2.23× | -6.80× |
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
CNH
| Agricultural Equipment Segment | $3.6B | 81% |
| Construction Equipment Segment | $853.0M | 19% |
| Services | $18.0M | 0% |
MTW
| US | $344.5M | 51% |
| Europe | $193.8M | 29% |
| Other Countries | $138.8M | 20% |
