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CNH Industrial N.V.（CNH）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
CNH Industrial N.V.的季度营收约是维谛技术的1.7倍（$4.5B vs $2.6B），维谛技术净利率更高（14.7% vs 1.9%，领先12.8%），维谛技术同比增速更快（30.1% vs 7.8%），过去两年维谛技术的营收复合增速更高（16.5% 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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
CNH vs VRT — 直观对比
营收规模更大
CNH
是对方的1.7倍
$2.6B
营收增速更快
VRT
高出22.3%
7.8%
净利率更高
VRT
高出12.8%
1.9%
两年增速更快
VRT
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.6B |
| 净利润 | $86.0M | $390.1M |
| 毛利率 | 18.4% | 37.7% |
| 营业利润率 | 3.0% | — |
| 净利率 | 1.9% | 14.7% |
| 营收同比 | 7.8% | 30.1% |
| 净利润同比 | -18.9% | 137.1% |
| 每股收益（稀释后） | $0.08 | $0.99 |
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CNHVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.5B | $2.9B | ||
| Q3 25 | $3.7B | $2.7B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $4.0B | $2.1B | ||
| Q2 24 | $4.8B | $2.0B |
净利润CNHVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $86.0M | $445.6M | ||
| Q3 25 | $80.0M | $398.5M | ||
| Q2 25 | $213.0M | $324.2M | ||
| Q1 25 | $131.0M | $164.5M | ||
| Q4 24 | $106.0M | $147.0M | ||
| Q3 24 | $306.0M | $176.6M | ||
| Q2 24 | $433.0M | $178.1M |
毛利率CNHVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 18.4% | 38.9% | ||
| Q3 25 | 19.1% | 37.8% | ||
| Q2 25 | 20.6% | 34.0% | ||
| Q1 25 | 19.0% | 33.7% | ||
| Q4 24 | 19.5% | 37.1% | ||
| Q3 24 | 21.7% | 36.5% | ||
| Q2 24 | 22.9% | 38.0% |
营业利润率CNHVRT
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 20.1% | ||
| Q3 25 | 1.4% | 19.3% | ||
| Q2 25 | 6.8% | 16.8% | ||
| Q1 25 | 5.1% | 14.3% | ||
| Q4 24 | 5.8% | 19.5% | ||
| Q3 24 | 9.6% | 17.9% | ||
| Q2 24 | 11.1% | 17.2% |
净利率CNHVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 1.9% | 15.5% | ||
| Q3 25 | 2.2% | 14.9% | ||
| Q2 25 | 5.3% | 12.3% | ||
| Q1 25 | 4.1% | 8.1% | ||
| Q4 24 | 2.6% | 6.3% | ||
| Q3 24 | 7.7% | 8.5% | ||
| Q2 24 | 9.0% | 9.1% |
每股收益（稀释后）CNHVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.08 | $1.14 | ||
| Q3 25 | $0.06 | $1.02 | ||
| Q2 25 | $0.17 | $0.83 | ||
| Q1 25 | $0.10 | $0.42 | ||
| Q4 24 | $0.10 | $0.38 | ||
| Q3 24 | $0.24 | $0.46 | ||
| Q2 24 | $0.34 | $0.46 |
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 | $2.5B |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $7.8B | $4.2B |
| 总资产 | $42.7B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CNHVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.5B | $1.6B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $1.8B | $908.7M | ||
| Q2 24 | $2.0B | $579.7M |
总债务CNHVRT
| Q1 26 | — | $0 | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
股东权益CNHVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $7.8B | $3.9B | ||
| Q3 25 | $7.8B | $3.5B | ||
| Q2 25 | $7.8B | $3.1B | ||
| Q1 25 | $7.9B | $2.7B | ||
| Q4 24 | $7.7B | $2.4B | ||
| Q3 24 | $7.7B | $1.8B | ||
| Q2 24 | $7.6B | $1.5B |
总资产CNHVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $42.7B | $12.2B | ||
| Q3 25 | $43.3B | $10.8B | ||
| Q2 25 | $43.7B | $10.4B | ||
| Q1 25 | $42.1B | $9.5B | ||
| Q4 24 | $42.9B | $9.1B | ||
| Q3 24 | $44.0B | $8.9B | ||
| Q2 24 | $44.0B | $8.1B |
负债/权益比CNHVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $652.8M |
| 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 | — | 4.2% |
| 现金转化率经营现金流/净利润 | 10.99× | — |
| 过去12个月自由现金流最近4个季度 | — | $2.3B |
8季度趋势，按日历期对齐
经营现金流CNHVRT
| Q1 26 | — | — | ||
| Q4 25 | $945.0M | $978.9M | ||
| Q3 25 | $659.0M | $508.7M | ||
| Q2 25 | $772.0M | $322.9M | ||
| Q1 25 | $162.0M | $303.3M | ||
| Q4 24 | $1.7B | $425.2M | ||
| Q3 24 | $791.0M | $378.2M | ||
| Q2 24 | $379.0M | $378.4M |
自由现金流CNHVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | — | $885.6M | ||
| Q3 25 | — | $463.5M | ||
| Q2 25 | — | $277.9M | ||
| Q1 25 | — | $266.8M | ||
| Q4 24 | — | $364.5M | ||
| Q3 24 | — | $341.8M | ||
| Q2 24 | — | $344.3M |
自由现金流率CNHVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | — | 30.8% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 13.1% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 17.6% |
资本支出强度CNHVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 1.7% |
现金转化率CNHVRT
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 2.20× | ||
| Q3 25 | 8.24× | 1.28× | ||
| Q2 25 | 3.62× | 1.00× | ||
| Q1 25 | 1.24× | 1.84× | ||
| Q4 24 | 15.96× | 2.89× | ||
| Q3 24 | 2.58× | 2.14× | ||
| Q2 24 | 0.88× | 2.12× |
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% |
VRT
暂无分部数据
