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科迪华（CTVA）与固安捷（GWW）财务数据对比。点击上方公司名可切换其他公司
固安捷的季度营收约是科迪华的1.1倍（$4.4B vs $3.9B），固安捷净利率更高（10.2% vs -14.1%，领先24.3%），固安捷同比增速更快（4.5% vs -1.7%），科迪华自由现金流更多（$4.2B vs $269.0M），过去两年固安捷的营收复合增速更高（2.2% vs -6.7%）
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
W.W. Grainger（固安捷）是1927年在芝加哥成立的美国财富500强工业用品供应商，最初以稳定供应电机为创立初衷，目前服务全球超450万客户，主营电机、照明、物料搬运设备、紧固件、管件、工具、安防用品等，还提供库存管理及技术支持服务。
CTVA vs GWW — 直观对比
营收规模更大
GWW
是对方的1.1倍
$3.9B
营收增速更快
GWW
高出6.2%
-1.7%
净利率更高
GWW
高出24.3%
-14.1%
自由现金流更多
CTVA
多$3.9B
$269.0M
两年增速更快
GWW
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.4B |
| 净利润 | $-552.0M | $451.0M |
| 毛利率 | 42.4% | 39.5% |
| 营业利润率 | -13.6% | 14.3% |
| 净利率 | -14.1% | 10.2% |
| 营收同比 | -1.7% | 4.5% |
| 净利润同比 | -1246.3% | -5.1% |
| 每股收益（稀释后） | $-0.80 | $9.45 |
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CTVAGWW
| Q4 25 | $3.9B | $4.4B | ||
| Q3 25 | $2.6B | $4.7B | ||
| Q2 25 | $6.5B | $4.6B | ||
| Q1 25 | $4.4B | $4.3B | ||
| Q4 24 | $4.0B | $4.2B | ||
| Q3 24 | $2.3B | $4.4B | ||
| Q2 24 | $6.1B | $4.3B | ||
| Q1 24 | $4.5B | $4.2B |
净利润CTVAGWW
| Q4 25 | $-552.0M | $451.0M | ||
| Q3 25 | $-320.0M | $294.0M | ||
| Q2 25 | $1.3B | $482.0M | ||
| Q1 25 | $652.0M | $479.0M | ||
| Q4 24 | $-41.0M | $475.0M | ||
| Q3 24 | $-524.0M | $486.0M | ||
| Q2 24 | $1.1B | $470.0M | ||
| Q1 24 | $419.0M | $478.0M |
毛利率CTVAGWW
| Q4 25 | 42.4% | 39.5% | ||
| Q3 25 | 37.2% | 38.6% | ||
| Q2 25 | 54.6% | 38.5% | ||
| Q1 25 | 47.0% | 39.7% | ||
| Q4 24 | 37.3% | 39.6% | ||
| Q3 24 | 32.7% | 39.2% | ||
| Q2 24 | 52.3% | 39.3% | ||
| Q1 24 | 43.2% | 39.4% |
营业利润率CTVAGWW
| Q4 25 | -13.6% | 14.3% | ||
| Q3 25 | -14.1% | 11.0% | ||
| Q2 25 | 27.9% | 14.9% | ||
| Q1 25 | 17.7% | 15.6% | ||
| Q4 24 | 2.2% | 15.0% | ||
| Q3 24 | -27.2% | 15.6% | ||
| Q2 24 | 21.9% | 15.1% | ||
| Q1 24 | 10.7% | 15.8% |
净利率CTVAGWW
| Q4 25 | -14.1% | 10.2% | ||
| Q3 25 | -12.2% | 6.3% | ||
| Q2 25 | 20.4% | 10.6% | ||
| Q1 25 | 14.8% | 11.1% | ||
| Q4 24 | -1.0% | 11.2% | ||
| Q3 24 | -22.5% | 11.1% | ||
| Q2 24 | 17.2% | 10.9% | ||
| Q1 24 | 9.3% | 11.3% |
每股收益（稀释后）CTVAGWW
| Q4 25 | $-0.80 | $9.45 | ||
| Q3 25 | $-0.47 | $6.12 | ||
| Q2 25 | $1.92 | $9.97 | ||
| Q1 25 | $0.95 | $9.86 | ||
| Q4 24 | $-0.05 | $9.71 | ||
| Q3 24 | $-0.76 | $9.87 | ||
| Q2 24 | $1.51 | $9.51 | ||
| Q1 24 | $0.60 | $9.62 |
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 | $4.5B | $585.0M |
| 总债务越低越好 | $1.7B | $2.5B |
| 股东权益账面价值 | $24.1B | $3.7B |
| 总资产 | $42.8B | $9.0B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CTVAGWW
| Q4 25 | $4.5B | $585.0M | ||
| Q3 25 | $2.6B | $535.0M | ||
| Q2 25 | $2.1B | $597.0M | ||
| Q1 25 | $2.0B | $666.0M | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.0B | $769.0M | ||
| Q1 24 | $1.7B | $804.0M |
总债务CTVAGWW
| Q4 25 | $1.7B | $2.5B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $2.0B | $2.8B | ||
| Q3 24 | $2.0B | $2.3B | ||
| Q2 24 | $2.5B | $1.8B | ||
| Q1 24 | $2.5B | $1.8B |
股东权益CTVAGWW
| Q4 25 | $24.1B | $3.7B | ||
| Q3 25 | $25.2B | $3.6B | ||
| Q2 25 | $25.9B | $3.7B | ||
| Q1 25 | $24.3B | $3.5B | ||
| Q4 24 | $23.8B | $3.4B | ||
| Q3 24 | $24.7B | $3.5B | ||
| Q2 24 | $25.2B | $3.3B | ||
| Q1 24 | $24.8B | $3.2B |
总资产CTVAGWW
| Q4 25 | $42.8B | $9.0B | ||
| Q3 25 | $42.2B | $8.8B | ||
| Q2 25 | $41.8B | $8.9B | ||
| Q1 25 | $42.1B | $8.7B | ||
| Q4 24 | $40.8B | $8.8B | ||
| Q3 24 | $41.9B | $9.1B | ||
| Q2 24 | $41.5B | $8.4B | ||
| Q1 24 | $43.6B | $8.4B |
负债/权益比CTVAGWW
| Q4 25 | 0.07× | 0.67× | ||
| Q3 25 | 0.07× | 0.67× | ||
| Q2 25 | 0.07× | 0.64× | ||
| Q1 25 | 0.07× | 0.66× | ||
| Q4 24 | 0.08× | 0.83× | ||
| Q3 24 | 0.08× | 0.65× | ||
| Q2 24 | 0.10× | 0.54× | ||
| Q1 24 | 0.10× | 0.56× |
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 | $4.4B | $395.0M |
| 自由现金流经营现金流 - 资本支出 | $4.2B | $269.0M |
| 自由现金流率自由现金流/营收 | 106.2% | 6.1% |
| 资本支出强度资本支出/营收 | 5.7% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $2.8B | $1.3B |
8季度趋势，按日历期对齐
经营现金流CTVAGWW
| Q4 25 | $4.4B | $395.0M | ||
| Q3 25 | $193.0M | $597.0M | ||
| Q2 25 | $947.0M | $377.0M | ||
| Q1 25 | $-2.1B | $646.0M | ||
| Q4 24 | $4.2B | $428.0M | ||
| Q3 24 | $130.0M | $611.0M | ||
| Q2 24 | $451.0M | $411.0M | ||
| Q1 24 | $-2.6B | $661.0M |
自由现金流CTVAGWW
| Q4 25 | $4.2B | $269.0M | ||
| Q3 25 | $36.0M | $339.0M | ||
| Q2 25 | $829.0M | $202.0M | ||
| Q1 25 | $-2.2B | $521.0M | ||
| Q4 24 | $4.0B | $170.0M | ||
| Q3 24 | $-24.0M | $523.0M | ||
| Q2 24 | $337.0M | $335.0M | ||
| Q1 24 | $-2.8B | $542.0M |
自由现金流率CTVAGWW
| Q4 25 | 106.2% | 6.1% | ||
| Q3 25 | 1.4% | 7.3% | ||
| Q2 25 | 12.8% | 4.4% | ||
| Q1 25 | -49.9% | 12.1% | ||
| Q4 24 | 100.4% | 4.0% | ||
| Q3 24 | -1.0% | 11.9% | ||
| Q2 24 | 5.5% | 7.8% | ||
| Q1 24 | -61.4% | 12.8% |
资本支出强度CTVAGWW
| Q4 25 | 5.7% | 2.8% | ||
| Q3 25 | 6.0% | 5.5% | ||
| Q2 25 | 1.8% | 3.8% | ||
| Q1 25 | 2.1% | 2.9% | ||
| Q4 24 | 4.6% | 6.1% | ||
| Q3 24 | 6.6% | 2.0% | ||
| Q2 24 | 1.9% | 1.8% | ||
| Q1 24 | 3.3% | 2.8% |
现金转化率CTVAGWW
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | 2.03× | ||
| Q2 25 | 0.72× | 0.78× | ||
| Q1 25 | -3.23× | 1.35× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 0.43× | 0.87× | ||
| Q1 24 | -6.23× | 1.38× |
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
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
GWW
暂无分部数据
