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加拿大国家铁路（CP）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是加拿大国家铁路的1.1倍（$3.0B vs $2.8B），西部数据净利率更高（61.1% vs 27.7%，领先33.4%），西部数据同比增速更快（31.5% vs 1.3%），过去两年加拿大国家铁路的营收复合增速更高（5.6% vs -6.6%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
CP vs WDC — 直观对比
营收规模更大
WDC
是对方的1.1倍
$2.8B
营收增速更快
WDC
高出30.2%
1.3%
净利率更高
WDC
高出33.4%
27.7%
两年增速更快
CP
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.0B |
| 净利润 | $786.2M | $1.8B |
| 毛利率 | — | 45.7% |
| 营业利润率 | 41.4% | 30.1% |
| 净利率 | 27.7% | 61.1% |
| 营收同比 | 1.3% | 31.5% |
| 净利润同比 | -10.3% | 254.2% |
| 每股收益（稀释后） | — | $4.73 |
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CPWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.8B | $2.8B | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.7B | $-1.2B | ||
| Q1 25 | $2.8B | $2.3B | ||
| Q4 24 | $2.8B | $4.3B | ||
| Q3 24 | $2.6B | $4.1B | ||
| Q2 24 | $2.6B | $3.8B |
净利润CPWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $786.2M | $1.2B | ||
| Q3 25 | $671.6M | — | ||
| Q2 25 | $900.8M | $282.0M | ||
| Q1 25 | $664.3M | $520.0M | ||
| Q4 24 | $876.7M | $594.0M | ||
| Q3 24 | $611.0M | $493.0M | ||
| Q2 24 | $660.6M | $39.0M |
毛利率CPWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 35.9% |
营业利润率CPWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 41.4% | 28.1% | ||
| Q3 25 | 36.8% | — | ||
| Q2 25 | 36.6% | — | ||
| Q1 25 | 35.0% | 33.1% | ||
| Q4 24 | 40.6% | 19.9% | ||
| Q3 24 | 34.3% | 18.1% | ||
| Q2 24 | 35.4% | 5.7% |
净利率CPWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 27.7% | 41.9% | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | 33.6% | -24.4% | ||
| Q1 25 | 24.2% | 22.7% | ||
| Q4 24 | 31.2% | 13.9% | ||
| Q3 24 | 23.9% | 12.0% | ||
| Q2 24 | 25.3% | 1.0% |
每股收益（稀释后）CPWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | — | $3.07 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0.72 | ||
| Q1 25 | — | $1.42 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.35 | ||
| Q2 24 | — | $0.15 |
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 | $134.3M | $2.0B |
| 总债务越低越好 | $14.6B | $4.7B |
| 股东权益账面价值 | $33.5B | $7.1B |
| 总资产 | $62.7B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资CPWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $134.3M | $2.0B | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $583.3M | $2.1B | ||
| Q1 25 | $507.4M | $3.5B | ||
| Q4 24 | $539.5M | $2.3B | ||
| Q3 24 | $338.0M | $1.7B | ||
| Q2 24 | $406.6M | $1.9B |
总债务CPWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $14.6B | $4.7B | ||
| Q3 25 | $15.8B | — | ||
| Q2 25 | $15.5B | $4.7B | ||
| Q1 25 | $15.4B | $7.3B | ||
| Q4 24 | $14.5B | $7.4B | ||
| Q3 24 | $13.7B | $7.4B | ||
| Q2 24 | $13.8B | $7.4B |
股东权益CPWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $33.5B | $5.9B | ||
| Q3 25 | $33.4B | — | ||
| Q2 25 | $33.7B | $5.3B | ||
| Q1 25 | $35.2B | $5.2B | ||
| Q4 24 | $35.0B | $12.1B | ||
| Q3 24 | $32.2B | $11.6B | ||
| Q2 24 | $32.0B | $10.8B |
总资产CPWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $62.7B | $14.4B | ||
| Q3 25 | $63.3B | — | ||
| Q2 25 | $62.2B | $14.0B | ||
| Q1 25 | $64.3B | $16.4B | ||
| Q4 24 | $64.1B | $25.5B | ||
| Q3 24 | $60.0B | $24.8B | ||
| Q2 24 | $60.4B | $24.2B |
负债/权益比CPWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.43× | 0.80× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | 0.89× | ||
| Q1 25 | 0.44× | 1.42× | ||
| Q4 24 | 0.41× | 0.61× | ||
| Q3 24 | 0.42× | 0.64× | ||
| Q2 24 | 0.43× | 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 | $1.1B | — |
| 自由现金流经营现金流 - 资本支出 | $537.3M | — |
| 自由现金流率自由现金流/营收 | 18.9% | — |
| 资本支出强度资本支出/营收 | 20.2% | — |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流CPWDC
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $672.0M | ||
| Q3 25 | $930.0M | — | ||
| Q2 25 | $989.1M | $746.0M | ||
| Q1 25 | $843.9M | $508.0M | ||
| Q4 24 | $1.2B | $403.0M | ||
| Q3 24 | $928.6M | $34.0M | ||
| Q2 24 | $932.9M | $366.0M |
自由现金流CPWDC
| Q1 26 | — | — | ||
| Q4 25 | $537.3M | $599.0M | ||
| Q3 25 | $302.2M | — | ||
| Q2 25 | $446.8M | $675.0M | ||
| Q1 25 | $324.9M | $379.0M | ||
| Q4 24 | $702.3M | $287.0M | ||
| Q3 24 | $382.5M | $-62.0M | ||
| Q2 24 | $343.1M | $250.0M |
自由现金流率CPWDC
| Q1 26 | — | — | ||
| Q4 25 | 18.9% | 21.3% | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 16.7% | -58.5% | ||
| Q1 25 | 11.8% | 16.5% | ||
| Q4 24 | 25.0% | 6.7% | ||
| Q3 24 | 15.0% | -1.5% | ||
| Q2 24 | 13.1% | 6.6% |
资本支出强度CPWDC
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 2.6% | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 20.2% | -6.2% | ||
| Q1 25 | 18.9% | 5.6% | ||
| Q4 24 | 19.3% | 2.7% | ||
| Q3 24 | 21.4% | 2.3% | ||
| Q2 24 | 22.6% | 3.1% |
现金转化率CPWDC
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 0.57× | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.10× | 2.65× | ||
| Q1 25 | 1.27× | 0.98× | ||
| Q4 24 | 1.42× | 0.68× | ||
| Q3 24 | 1.52× | 0.07× | ||
| Q2 24 | 1.41× | 9.38× |
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
CP
暂无分部数据
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
