vs
柯蒂斯-莱特（CW）与蓝威斯顿（LW）财务数据对比。点击上方公司名可切换其他公司
蓝威斯顿的季度营收约是柯蒂斯-莱特的1.7倍（$1.6B vs $947.0M），柯蒂斯-莱特净利率更高（14.5% vs 3.5%，领先11.0%），柯蒂斯-莱特同比增速更快（14.9% vs 2.9%），柯蒂斯-莱特自由现金流更多（$315.1M vs $-36.3M），过去两年柯蒂斯-莱特的营收复合增速更高（15.2% vs -1.5%）
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。
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
CW vs LW — 直观对比
营收规模更大
LW
是对方的1.7倍
$947.0M
营收增速更快
CW
高出12.0%
2.9%
净利率更高
CW
高出11.0%
3.5%
自由现金流更多
CW
多$351.4M
$-36.3M
两年增速更快
CW
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $947.0M | $1.6B |
| 净利润 | $137.0M | $54.0M |
| 毛利率 | 37.5% | 21.2% |
| 营业利润率 | 19.2% | 8.1% |
| 净利率 | 14.5% | 3.5% |
| 营收同比 | 14.9% | 2.9% |
| 净利润同比 | 16.2% | -63.0% |
| 每股收益（稀释后） | $3.69 | $0.39 |
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CWLW
| Q1 26 | — | $1.6B | ||
| Q4 25 | $947.0M | $1.6B | ||
| Q3 25 | $869.2M | $1.7B | ||
| Q2 25 | $876.6M | $1.7B | ||
| Q1 25 | $805.6M | $1.5B | ||
| Q4 24 | $824.3M | $1.6B | ||
| Q3 24 | $798.9M | $1.7B | ||
| Q2 24 | $784.8M | $1.6B |
净利润CWLW
| Q1 26 | — | $54.0M | ||
| Q4 25 | $137.0M | $62.1M | ||
| Q3 25 | $124.8M | $64.3M | ||
| Q2 25 | $121.1M | $119.9M | ||
| Q1 25 | $101.3M | $146.0M | ||
| Q4 24 | $117.9M | $-36.1M | ||
| Q3 24 | $111.2M | $127.4M | ||
| Q2 24 | $99.5M | $129.6M |
毛利率CWLW
| Q1 26 | — | 21.2% | ||
| Q4 25 | 37.5% | 20.0% | ||
| Q3 25 | 37.7% | 20.6% | ||
| Q2 25 | 37.2% | 20.4% | ||
| Q1 25 | 36.3% | 27.8% | ||
| Q4 24 | 38.5% | 17.4% | ||
| Q3 24 | 37.3% | 21.5% | ||
| Q2 24 | 36.2% | 24.1% |
营业利润率CWLW
| Q1 26 | — | 8.1% | ||
| Q4 25 | 19.2% | 8.6% | ||
| Q3 25 | 19.1% | 9.4% | ||
| Q2 25 | 17.8% | 11.1% | ||
| Q1 25 | 16.0% | 16.4% | ||
| Q4 24 | 18.8% | 1.2% | ||
| Q3 24 | 18.1% | 12.8% | ||
| Q2 24 | 16.4% | 13.2% |
净利率CWLW
| Q1 26 | — | 3.5% | ||
| Q4 25 | 14.5% | 3.8% | ||
| Q3 25 | 14.4% | 3.9% | ||
| Q2 25 | 13.8% | 7.2% | ||
| Q1 25 | 12.6% | 9.6% | ||
| Q4 24 | 14.3% | -2.3% | ||
| Q3 24 | 13.9% | 7.7% | ||
| Q2 24 | 12.7% | 8.0% |
每股收益（稀释后）CWLW
| Q1 26 | — | $0.39 | ||
| Q4 25 | $3.69 | $0.44 | ||
| Q3 25 | $3.31 | $0.46 | ||
| Q2 25 | $3.19 | $0.84 | ||
| Q1 25 | $2.68 | $1.03 | ||
| Q4 24 | $3.09 | $-0.25 | ||
| Q3 24 | $2.89 | $0.88 | ||
| Q2 24 | $2.58 | $0.89 |
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 | — | $57.5M |
| 总债务越低越好 | $957.9M | $3.6B |
| 股东权益账面价值 | $2.5B | $1.8B |
| 总资产 | $5.2B | $7.4B |
| 负债/权益比越低杠杆越低 | 0.38× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资CWLW
| Q1 26 | — | $57.5M | ||
| Q4 25 | — | $82.7M | ||
| Q3 25 | — | $98.6M | ||
| Q2 25 | — | $70.7M | ||
| Q1 25 | $226.5M | $67.5M | ||
| Q4 24 | $385.0M | $79.0M | ||
| Q3 24 | — | $120.8M | ||
| Q2 24 | — | $71.4M |
总债务CWLW
| Q1 26 | — | $3.6B | ||
| Q4 25 | $957.9M | $3.6B | ||
| Q3 25 | $968.6M | $3.7B | ||
| Q2 25 | $958.4M | $3.7B | ||
| Q1 25 | $958.6M | $3.7B | ||
| Q4 24 | $1.0B | $3.7B | ||
| Q3 24 | $1.0B | $3.4B | ||
| Q2 24 | $1.0B | $3.4B |
股东权益CWLW
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.5B | $1.8B |
总资产CWLW
| Q1 26 | — | $7.4B | ||
| Q4 25 | $5.2B | $7.3B | ||
| Q3 25 | $5.1B | $7.2B | ||
| Q2 25 | $5.2B | $7.4B | ||
| Q1 25 | $5.0B | $7.4B | ||
| Q4 24 | $5.0B | $7.5B | ||
| Q3 24 | $4.9B | $7.5B | ||
| Q2 24 | $4.7B | $7.4B |
负债/权益比CWLW
| Q1 26 | — | 1.99× | ||
| Q4 25 | 0.38× | 2.08× | ||
| Q3 25 | 0.38× | 2.05× | ||
| Q2 25 | 0.35× | 2.12× | ||
| Q1 25 | 0.37× | 2.25× | ||
| Q4 24 | 0.43× | 2.26× | ||
| Q3 24 | 0.42× | 1.87× | ||
| Q2 24 | 0.43× | 1.92× |
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 | $65.2M |
| 自由现金流经营现金流 - 资本支出 | $315.1M | $-36.3M |
| 自由现金流率自由现金流/营收 | 33.3% | -2.3% |
| 资本支出强度资本支出/营收 | 4.0% | 6.5% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $553.7M | $569.2M |
8季度趋势，按日历期对齐
经营现金流CWLW
| Q1 26 | — | $65.2M | ||
| Q4 25 | $352.7M | $178.4M | ||
| Q3 25 | $192.8M | $352.0M | ||
| Q2 25 | $136.6M | $868.3M | ||
| Q1 25 | $-38.8M | $56.0M | ||
| Q4 24 | $301.3M | $99.1M | ||
| Q3 24 | $177.3M | $330.2M | ||
| Q2 24 | $111.3M | $798.2M |
自由现金流CWLW
| Q1 26 | — | $-36.3M | ||
| Q4 25 | $315.1M | $101.0M | ||
| Q3 25 | $175.9M | $274.4M | ||
| Q2 25 | $117.2M | $230.1M | ||
| Q1 25 | $-54.5M | $-19.8M | ||
| Q4 24 | $278.0M | $-49.6M | ||
| Q3 24 | $162.7M | $4.3M | ||
| Q2 24 | $100.3M | $-131.3M |
自由现金流率CWLW
| Q1 26 | — | -2.3% | ||
| Q4 25 | 33.3% | 6.2% | ||
| Q3 25 | 20.2% | 16.5% | ||
| Q2 25 | 13.4% | 13.7% | ||
| Q1 25 | -6.8% | -1.3% | ||
| Q4 24 | 33.7% | -3.1% | ||
| Q3 24 | 20.4% | 0.3% | ||
| Q2 24 | 12.8% | -8.1% |
资本支出强度CWLW
| Q1 26 | — | 6.5% | ||
| Q4 25 | 4.0% | 4.8% | ||
| Q3 25 | 1.9% | 4.7% | ||
| Q2 25 | 2.2% | 38.1% | ||
| Q1 25 | 2.0% | 5.0% | ||
| Q4 24 | 2.8% | 9.3% | ||
| Q3 24 | 1.8% | 19.7% | ||
| Q2 24 | 1.4% | 57.7% |
现金转化率CWLW
| Q1 26 | — | 1.21× | ||
| Q4 25 | 2.57× | 2.87× | ||
| Q3 25 | 1.54× | 5.47× | ||
| Q2 25 | 1.13× | 7.24× | ||
| Q1 25 | -0.38× | 0.38× | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | 1.59× | 2.59× | ||
| Q2 24 | 1.12× | 6.16× |
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% |
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
