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柯蒂斯-莱特（CW）与伊顿公司（ETN）财务数据对比。点击上方公司名可切换其他公司
伊顿公司的季度营收约是柯蒂斯-莱特的7.4倍（$7.1B vs $947.0M）。伊顿公司净利率更高（16.0% vs 14.5%，领先1.6%）。柯蒂斯-莱特同比增速更快（14.9% vs 13.1%）。伊顿公司自由现金流更多（$1.6B vs $315.1M）。过去两年柯蒂斯-莱特的营收复合增速更高（15.2% vs 9.0%）
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
伊顿公司是一家总部位于爱尔兰的跨国电力管理企业，核心行政中心设在美国俄亥俄州比奇伍德，全球员工规模超过8.5万名，旗下产品销往全球175个以上国家和地区的客户市场。
CW vs ETN — 直观对比
营收规模更大
ETN
是对方的7.4倍
$947.0M
营收增速更快
CW
高出1.8%
13.1%
净利率更高
ETN
高出1.6%
14.5%
自由现金流更多
ETN
多$1.3B
$315.1M
两年增速更快
CW
近两年复合增速
9.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $947.0M | $7.1B |
| 净利润 | $137.0M | $1.1B |
| 毛利率 | 37.5% | 36.8% |
| 营业利润率 | 19.2% | 18.3% |
| 净利率 | 14.5% | 16.0% |
| 营收同比 | 14.9% | 13.1% |
| 净利润同比 | 16.2% | 16.5% |
| 每股收益（稀释后） | $3.69 | $2.90 |
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CWETN
| Q4 25 | $947.0M | $7.1B | ||
| Q3 25 | $869.2M | $7.0B | ||
| Q2 25 | $876.6M | $7.0B | ||
| Q1 25 | $805.6M | $6.4B | ||
| Q4 24 | $824.3M | $6.2B | ||
| Q3 24 | $798.9M | $6.3B | ||
| Q2 24 | $784.8M | $6.3B | ||
| Q1 24 | $713.2M | $5.9B |
净利润CWETN
| Q4 25 | $137.0M | $1.1B | ||
| Q3 25 | $124.8M | $1.0B | ||
| Q2 25 | $121.1M | $982.0M | ||
| Q1 25 | $101.3M | $964.0M | ||
| Q4 24 | $117.9M | $971.0M | ||
| Q3 24 | $111.2M | $1.0B | ||
| Q2 24 | $99.5M | $993.0M | ||
| Q1 24 | $76.5M | $821.0M |
毛利率CWETN
| Q4 25 | 37.5% | 36.8% | ||
| Q3 25 | 37.7% | 38.3% | ||
| Q2 25 | 37.2% | 37.0% | ||
| Q1 25 | 36.3% | 38.4% | ||
| Q4 24 | 38.5% | 38.9% | ||
| Q3 24 | 37.3% | 38.6% | ||
| Q2 24 | 36.2% | 38.0% | ||
| Q1 24 | 35.6% | 37.3% |
营业利润率CWETN
| Q4 25 | 19.2% | 18.3% | ||
| Q3 25 | 19.1% | 18.2% | ||
| Q2 25 | 17.8% | 16.9% | ||
| Q1 25 | 16.0% | 18.5% | ||
| Q4 24 | 18.8% | 18.7% | ||
| Q3 24 | 18.1% | 19.0% | ||
| Q2 24 | 16.4% | 18.8% | ||
| Q1 24 | 14.0% | 16.8% |
净利率CWETN
| Q4 25 | 14.5% | 16.0% | ||
| Q3 25 | 14.4% | 14.5% | ||
| Q2 25 | 13.8% | 14.0% | ||
| Q1 25 | 12.6% | 15.1% | ||
| Q4 24 | 14.3% | 15.6% | ||
| Q3 24 | 13.9% | 15.9% | ||
| Q2 24 | 12.7% | 15.6% | ||
| Q1 24 | 10.7% | 13.8% |
每股收益（稀释后）CWETN
| Q4 25 | $3.69 | $2.90 | ||
| Q3 25 | $3.31 | $2.59 | ||
| Q2 25 | $3.19 | $2.51 | ||
| Q1 25 | $2.68 | $2.45 | ||
| Q4 24 | $3.09 | $2.45 | ||
| Q3 24 | $2.89 | $2.53 | ||
| Q2 24 | $2.58 | $2.48 | ||
| Q1 24 | $1.99 | $2.04 |
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 | — | $803.0M |
| 总债务越低越好 | $957.9M | $8.8B |
| 股东权益账面价值 | $2.5B | $19.4B |
| 总资产 | $5.2B | $41.3B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资CWETN
| Q4 25 | — | $803.0M | ||
| Q3 25 | — | $565.0M | ||
| Q2 25 | — | $584.0M | ||
| Q1 25 | $226.5M | $1.9B | ||
| Q4 24 | $385.0M | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | $338.0M | $2.4B |
总债务CWETN
| Q4 25 | $957.9M | $8.8B | ||
| Q3 25 | $968.6M | $8.8B | ||
| Q2 25 | $958.4M | $8.8B | ||
| Q1 25 | $958.6M | $7.6B | ||
| Q4 24 | $1.0B | $8.5B | ||
| Q3 24 | $1.0B | $8.7B | ||
| Q2 24 | $1.0B | $8.6B | ||
| Q1 24 | $1.1B | $8.2B |
股东权益CWETN
| Q4 25 | $2.5B | $19.4B | ||
| Q3 25 | $2.5B | $18.8B | ||
| Q2 25 | $2.7B | $18.6B | ||
| Q1 25 | $2.6B | $18.5B | ||
| Q4 24 | $2.4B | $18.5B | ||
| Q3 24 | $2.5B | $19.1B | ||
| Q2 24 | $2.5B | $19.2B | ||
| Q1 24 | $2.4B | $19.3B |
总资产CWETN
| Q4 25 | $5.2B | $41.3B | ||
| Q3 25 | $5.1B | $40.6B | ||
| Q2 25 | $5.2B | $40.5B | ||
| Q1 25 | $5.0B | $39.2B | ||
| Q4 24 | $5.0B | $38.4B | ||
| Q3 24 | $4.9B | $39.2B | ||
| Q2 24 | $4.7B | $39.4B | ||
| Q1 24 | $4.6B | $38.5B |
负债/权益比CWETN
| Q4 25 | 0.38× | 0.45× | ||
| Q3 25 | 0.38× | 0.46× | ||
| Q2 25 | 0.35× | 0.47× | ||
| Q1 25 | 0.37× | 0.41× | ||
| Q4 24 | 0.43× | 0.46× | ||
| Q3 24 | 0.42× | 0.45× | ||
| Q2 24 | 0.43× | 0.45× | ||
| Q1 24 | 0.44× | 0.42× |
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 | $352.7M | $2.0B |
| 自由现金流经营现金流 - 资本支出 | $315.1M | $1.6B |
| 自由现金流率自由现金流/营收 | 33.3% | 22.3% |
| 资本支出强度资本支出/营收 | 4.0% | 5.6% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $553.7M | $3.6B |
8季度趋势，按日历期对齐
经营现金流CWETN
| Q4 25 | $352.7M | $2.0B | ||
| Q3 25 | $192.8M | $1.4B | ||
| Q2 25 | $136.6M | $918.0M | ||
| Q1 25 | $-38.8M | $238.0M | ||
| Q4 24 | $301.3M | $1.6B | ||
| Q3 24 | $177.3M | $1.3B | ||
| Q2 24 | $111.3M | $946.0M | ||
| Q1 24 | $-45.6M | $475.0M |
自由现金流CWETN
| Q4 25 | $315.1M | $1.6B | ||
| Q3 25 | $175.9M | $1.2B | ||
| Q2 25 | $117.2M | $716.0M | ||
| Q1 25 | $-54.5M | $91.0M | ||
| Q4 24 | $278.0M | $1.3B | ||
| Q3 24 | $162.7M | $1.1B | ||
| Q2 24 | $100.3M | $759.0M | ||
| Q1 24 | $-57.7M | $292.0M |
自由现金流率CWETN
| Q4 25 | 33.3% | 22.3% | ||
| Q3 25 | 20.2% | 16.8% | ||
| Q2 25 | 13.4% | 10.2% | ||
| Q1 25 | -6.8% | 1.4% | ||
| Q4 24 | 33.7% | 21.5% | ||
| Q3 24 | 20.4% | 17.7% | ||
| Q2 24 | 12.8% | 12.0% | ||
| Q1 24 | -8.1% | 4.9% |
资本支出强度CWETN
| Q4 25 | 4.0% | 5.6% | ||
| Q3 25 | 1.9% | 2.5% | ||
| Q2 25 | 2.2% | 2.9% | ||
| Q1 25 | 2.0% | 2.3% | ||
| Q4 24 | 2.8% | 4.1% | ||
| Q3 24 | 1.8% | 2.9% | ||
| Q2 24 | 1.4% | 2.9% | ||
| Q1 24 | 1.7% | 3.1% |
现金转化率CWETN
| Q4 25 | 2.57× | 1.74× | ||
| Q3 25 | 1.54× | 1.34× | ||
| Q2 25 | 1.13× | 0.93× | ||
| Q1 25 | -0.38× | 0.25× | ||
| Q4 24 | 2.56× | 1.64× | ||
| Q3 24 | 1.59× | 1.30× | ||
| Q2 24 | 1.12× | 0.95× | ||
| Q1 24 | -0.60× | 0.58× |
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
CW
| Naval Power | $417.4M | 44% |
| Defense Electronics | $268.3M | 28% |
| Aerospace Industrial | $262.4M | 28% |
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
