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高知特（CTSH）与Targa Resources（TRGP）财务数据对比。点击上方公司名可切换其他公司
高知特的季度营收约是Targa Resources的1.3倍（$5.3B vs $4.1B），Targa Resources净利率更高（13.4% vs 12.2%，领先1.3%），高知特同比增速更快（4.9% vs -7.9%），高知特自由现金流更多（$781.0M vs $542.3M），过去两年高知特的营收复合增速更高（5.8% vs 0.8%）
高知特是美国跨国信息技术咨询与外包服务商，1994年成立于印度金奈，最初是邓白氏旗下内部技术部门，1996年起对外开展服务，现总部位于美国新泽西州蒂内克，为纳斯达克100指数成分股，股票代码CTSH。
Targa Resources Corp.为财富500强企业，总部位于美国得克萨斯州休斯敦，是美国规模最大的中游能源基础设施企业之一，主营天然气及天然气凝液输送业务，运营资产主要集中在墨西哥湾沿岸，得克萨斯州与路易斯安那州为核心布局区域，马修·J·梅洛伊自2020年起担任首席执行官。
CTSH vs TRGP — 直观对比
营收规模更大
CTSH
是对方的1.3倍
$4.1B
营收增速更快
CTSH
高出12.9%
-7.9%
净利率更高
TRGP
高出1.3%
12.2%
自由现金流更多
CTSH
多$238.7M
$542.3M
两年增速更快
CTSH
近两年复合增速
0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $4.1B |
| 净利润 | $648.0M | $545.0M |
| 毛利率 | — | 43.1% |
| 营业利润率 | 16.0% | 22.6% |
| 净利率 | 12.2% | 13.4% |
| 营收同比 | 4.9% | -7.9% |
| 净利润同比 | 18.7% | 55.3% |
| 每股收益（稀释后） | $1.35 | $2.51 |
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CTSHTRGP
| Q4 25 | $5.3B | $4.1B | ||
| Q3 25 | $5.4B | $4.2B | ||
| Q2 25 | $5.2B | $4.3B | ||
| Q1 25 | $5.1B | $4.6B | ||
| Q4 24 | $5.1B | $4.4B | ||
| Q3 24 | $5.0B | $3.9B | ||
| Q2 24 | $4.8B | $3.0B | ||
| Q1 24 | $4.8B | $4.0B |
净利润CTSHTRGP
| Q4 25 | $648.0M | $545.0M | ||
| Q3 25 | $274.0M | $478.4M | ||
| Q2 25 | $645.0M | $629.1M | ||
| Q1 25 | $663.0M | $270.5M | ||
| Q4 24 | $546.0M | $350.9M | ||
| Q3 24 | $582.0M | $387.4M | ||
| Q2 24 | $566.0M | $298.5M | ||
| Q1 24 | $546.0M | $275.2M |
毛利率CTSHTRGP
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 39.6% | ||
| Q2 25 | — | 42.8% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 33.7% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 19.3% |
营业利润率CTSHTRGP
| Q4 25 | 16.0% | 22.6% | ||
| Q3 25 | 16.0% | 20.2% | ||
| Q2 25 | 15.6% | 24.3% | ||
| Q1 25 | 16.7% | 11.9% | ||
| Q4 24 | 14.8% | 15.9% | ||
| Q3 24 | 14.6% | 18.9% | ||
| Q2 24 | 14.6% | 20.6% | ||
| Q1 24 | 14.6% | 16.0% |
净利率CTSHTRGP
| Q4 25 | 12.2% | 13.4% | ||
| Q3 25 | 5.1% | 11.5% | ||
| Q2 25 | 12.3% | 14.8% | ||
| Q1 25 | 13.0% | 5.9% | ||
| Q4 24 | 10.7% | 8.0% | ||
| Q3 24 | 11.5% | 10.1% | ||
| Q2 24 | 11.7% | 9.8% | ||
| Q1 24 | 11.5% | 6.9% |
每股收益（稀释后）CTSHTRGP
| Q4 25 | $1.35 | $2.51 | ||
| Q3 25 | $0.56 | $2.20 | ||
| Q2 25 | $1.31 | $2.87 | ||
| Q1 25 | $1.34 | $0.91 | ||
| Q4 24 | $1.10 | $1.44 | ||
| Q3 24 | $1.17 | $1.75 | ||
| Q2 24 | $1.14 | $1.33 | ||
| Q1 24 | $1.10 | $1.22 |
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 | $1.9B | $166.1M |
| 总债务越低越好 | — | $16.7B |
| 股东权益账面价值 | $15.0B | $3.1B |
| 总资产 | $20.7B | $25.2B |
| 负债/权益比越低杠杆越低 | — | 5.43× |
8季度趋势，按日历期对齐
现金及短期投资CTSHTRGP
| Q4 25 | $1.9B | $166.1M | ||
| Q3 25 | $2.4B | $124.1M | ||
| Q2 25 | $1.8B | $113.1M | ||
| Q1 25 | $2.0B | $151.4M | ||
| Q4 24 | $2.2B | $157.3M | ||
| Q3 24 | $2.0B | $127.2M | ||
| Q2 24 | $2.2B | $166.4M | ||
| Q1 24 | $2.2B | $109.9M |
总债务CTSHTRGP
| Q4 25 | — | $16.7B | ||
| Q3 25 | — | $16.7B | ||
| Q2 25 | — | $16.1B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $13.8B | ||
| Q3 24 | — | $13.6B | ||
| Q2 24 | — | $13.0B | ||
| Q1 24 | — | $12.5B |
股东权益CTSHTRGP
| Q4 25 | $15.0B | $3.1B | ||
| Q3 25 | $14.9B | $2.7B | ||
| Q2 25 | $15.3B | $2.6B | ||
| Q1 25 | $14.9B | $2.5B | ||
| Q4 24 | $14.4B | $2.6B | ||
| Q3 24 | $14.5B | $2.6B | ||
| Q2 24 | $13.9B | $2.5B | ||
| Q1 24 | $13.5B | $2.7B |
总资产CTSHTRGP
| Q4 25 | $20.7B | $25.2B | ||
| Q3 25 | $20.1B | $24.2B | ||
| Q2 25 | $20.2B | $23.5B | ||
| Q1 25 | $20.0B | $22.8B | ||
| Q4 24 | $20.0B | $22.7B | ||
| Q3 24 | $20.2B | $21.9B | ||
| Q2 24 | $18.6B | $21.3B | ||
| Q1 24 | $18.4B | $20.8B |
负债/权益比CTSHTRGP
| Q4 25 | — | 5.43× | ||
| Q3 25 | — | 6.19× | ||
| Q2 25 | — | 6.21× | ||
| Q1 25 | — | 6.34× | ||
| Q4 24 | — | 5.32× | ||
| Q3 24 | — | 5.28× | ||
| Q2 24 | — | 5.25× | ||
| Q1 24 | — | 4.63× |
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 | $858.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $781.0M | $542.3M |
| 自由现金流率自由现金流/营收 | 14.6% | 13.4% |
| 资本支出强度资本支出/营收 | 1.4% | 23.8% |
| 现金转化率经营现金流/净利润 | 1.32× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $584.1M |
8季度趋势，按日历期对齐
经营现金流CTSHTRGP
| Q4 25 | $858.0M | $1.5B | ||
| Q3 25 | $1.2B | $599.2M | ||
| Q2 25 | $398.0M | $858.3M | ||
| Q1 25 | $400.0M | $954.4M | ||
| Q4 24 | $920.0M | $1.3B | ||
| Q3 24 | $847.0M | $540.9M | ||
| Q2 24 | $262.0M | $904.5M | ||
| Q1 24 | $95.0M | $876.4M |
自由现金流CTSHTRGP
| Q4 25 | $781.0M | $542.3M | ||
| Q3 25 | $1.2B | $-72.6M | ||
| Q2 25 | $331.0M | $-47.8M | ||
| Q1 25 | $323.0M | $162.2M | ||
| Q4 24 | $837.0M | $601.0M | ||
| Q3 24 | $791.0M | $-287.9M | ||
| Q2 24 | $183.0M | $164.2M | ||
| Q1 24 | $16.0M | $206.6M |
自由现金流率CTSHTRGP
| Q4 25 | 14.6% | 13.4% | ||
| Q3 25 | 21.4% | -1.7% | ||
| Q2 25 | 6.3% | -1.1% | ||
| Q1 25 | 6.3% | 3.6% | ||
| Q4 24 | 16.5% | 13.6% | ||
| Q3 24 | 15.7% | -7.5% | ||
| Q2 24 | 3.8% | 5.4% | ||
| Q1 24 | 0.3% | 5.2% |
资本支出强度CTSHTRGP
| Q4 25 | 1.4% | 23.8% | ||
| Q3 25 | 1.2% | 16.2% | ||
| Q2 25 | 1.3% | 21.3% | ||
| Q1 25 | 1.5% | 17.4% | ||
| Q4 24 | 1.6% | 16.5% | ||
| Q3 24 | 1.1% | 21.5% | ||
| Q2 24 | 1.6% | 24.3% | ||
| Q1 24 | 1.7% | 16.8% |
现金转化率CTSHTRGP
| Q4 25 | 1.32× | 2.76× | ||
| Q3 25 | 4.48× | 1.25× | ||
| Q2 25 | 0.62× | 1.36× | ||
| Q1 25 | 0.60× | 3.53× | ||
| Q4 24 | 1.68× | 3.78× | ||
| Q3 24 | 1.46× | 1.40× | ||
| Q2 24 | 0.46× | 3.03× | ||
| Q1 24 | 0.17× | 3.18× |
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
CTSH
| Health Sciences | $1.4B | 25% |
| Financial Services | $1.1B | 21% |
| Consulting And Technology Services | $944.0M | 18% |
| Productsand Resources | $921.0M | 17% |
| Outsourcing Services | $677.0M | 13% |
| Transaction Or Volume Based | $308.0M | 6% |
TRGP
| Logistics And Transportation | $3.4B | 83% |
| Natural Gas Reserves | $393.1M | 10% |
| Storage Terminaling And Export | $130.9M | 3% |
| Oil And Condensate | $112.0M | 3% |
| NGL Transportation Fractionation And Services | $64.7M | 2% |
