vs
柯蒂斯-莱特（CW）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
Woodward, Inc.的季度营收约是柯蒂斯-莱特的1.1倍（$996.5M vs $947.0M），柯蒂斯-莱特净利率更高（14.5% vs 13.4%，领先1.0%），Woodward, Inc.同比增速更快（29.0% vs 14.9%），柯蒂斯-莱特自由现金流更多（$315.1M vs $70.3M），过去两年柯蒂斯-莱特的营收复合增速更高（15.2% vs 9.2%）
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。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
CW vs WWD — 直观对比
营收规模更大
WWD
是对方的1.1倍
$947.0M
营收增速更快
WWD
高出14.1%
14.9%
净利率更高
CW
高出1.0%
13.4%
自由现金流更多
CW
多$244.8M
$70.3M
两年增速更快
CW
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $947.0M | $996.5M |
| 净利润 | $137.0M | $133.7M |
| 毛利率 | 37.5% | 29.3% |
| 营业利润率 | 19.2% | 17.0% |
| 净利率 | 14.5% | 13.4% |
| 营收同比 | 14.9% | 29.0% |
| 净利润同比 | 16.2% | 53.5% |
| 每股收益（稀释后） | $3.69 | $2.17 |
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CWWWD
| Q4 25 | $947.0M | $996.5M | ||
| Q3 25 | $869.2M | $995.3M | ||
| Q2 25 | $876.6M | $915.4M | ||
| Q1 25 | $805.6M | $883.6M | ||
| Q4 24 | $824.3M | $772.7M | ||
| Q3 24 | $798.9M | $854.5M | ||
| Q2 24 | $784.8M | $847.7M | ||
| Q1 24 | $713.2M | $835.3M |
净利润CWWWD
| Q4 25 | $137.0M | $133.7M | ||
| Q3 25 | $124.8M | $137.6M | ||
| Q2 25 | $121.1M | $108.4M | ||
| Q1 25 | $101.3M | $108.9M | ||
| Q4 24 | $117.9M | $87.1M | ||
| Q3 24 | $111.2M | $83.3M | ||
| Q2 24 | $99.5M | $102.1M | ||
| Q1 24 | $76.5M | $97.6M |
毛利率CWWWD
| Q4 25 | 37.5% | 29.3% | ||
| Q3 25 | 37.7% | 27.9% | ||
| Q2 25 | 37.2% | 27.2% | ||
| Q1 25 | 36.3% | 27.2% | ||
| Q4 24 | 38.5% | 24.5% | ||
| Q3 24 | 37.3% | 24.3% | ||
| Q2 24 | 36.2% | 27.1% | ||
| Q1 24 | 35.6% | 28.1% |
营业利润率CWWWD
| Q4 25 | 19.2% | 17.0% | ||
| Q3 25 | 19.1% | 16.1% | ||
| Q2 25 | 17.8% | 13.9% | ||
| Q1 25 | 16.0% | 15.0% | ||
| Q4 24 | 18.8% | 13.2% | ||
| Q3 24 | 18.1% | 11.9% | ||
| Q2 24 | 16.4% | 14.4% | ||
| Q1 24 | 14.0% | 14.4% |
净利率CWWWD
| Q4 25 | 14.5% | 13.4% | ||
| Q3 25 | 14.4% | 13.8% | ||
| Q2 25 | 13.8% | 11.8% | ||
| Q1 25 | 12.6% | 12.3% | ||
| Q4 24 | 14.3% | 11.3% | ||
| Q3 24 | 13.9% | 9.7% | ||
| Q2 24 | 12.7% | 12.0% | ||
| Q1 24 | 10.7% | 11.7% |
每股收益（稀释后）CWWWD
| Q4 25 | $3.69 | $2.17 | ||
| Q3 25 | $3.31 | $2.23 | ||
| Q2 25 | $3.19 | $1.76 | ||
| Q1 25 | $2.68 | $1.78 | ||
| Q4 24 | $3.09 | $1.42 | ||
| Q3 24 | $2.89 | $1.36 | ||
| Q2 24 | $2.58 | $1.63 | ||
| Q1 24 | $1.99 | $1.56 |
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 | — | $454.2M |
| 总债务越低越好 | $957.9M | — |
| 股东权益账面价值 | $2.5B | $2.6B |
| 总资产 | $5.2B | $4.7B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资CWWWD
| Q4 25 | — | $454.2M | ||
| Q3 25 | — | $327.4M | ||
| Q2 25 | — | $473.2M | ||
| Q1 25 | $226.5M | $364.1M | ||
| Q4 24 | $385.0M | $283.7M | ||
| Q3 24 | — | $282.3M | ||
| Q2 24 | — | $308.3M | ||
| Q1 24 | $338.0M | $316.9M |
总债务CWWWD
| Q4 25 | $957.9M | — | ||
| Q3 25 | $968.6M | $579.9M | ||
| Q2 25 | $958.4M | — | ||
| Q1 25 | $958.6M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $655.5M | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.1B | — |
股东权益CWWWD
| Q4 25 | $2.5B | $2.6B | ||
| Q3 25 | $2.5B | $2.6B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.4B | $2.2B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.5B | $2.2B | ||
| Q1 24 | $2.4B | $2.3B |
总资产CWWWD
| Q4 25 | $5.2B | $4.7B | ||
| Q3 25 | $5.1B | $4.6B | ||
| Q2 25 | $5.2B | $4.7B | ||
| Q1 25 | $5.0B | $4.5B | ||
| Q4 24 | $5.0B | $4.3B | ||
| Q3 24 | $4.9B | $4.4B | ||
| Q2 24 | $4.7B | $4.3B | ||
| Q1 24 | $4.6B | $4.4B |
负债/权益比CWWWD
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | 0.23× | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.42× | 0.30× | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.44× | — |
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 | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $315.1M | $70.3M |
| 自由现金流率自由现金流/营收 | 33.3% | 7.1% |
| 资本支出强度资本支出/营收 | 4.0% | 4.4% |
| 现金转化率经营现金流/净利润 | 2.57× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $553.7M | $409.7M |
8季度趋势，按日历期对齐
经营现金流CWWWD
| Q4 25 | $352.7M | $114.4M | ||
| Q3 25 | $192.8M | $233.3M | ||
| Q2 25 | $136.6M | $125.6M | ||
| Q1 25 | $-38.8M | $77.8M | ||
| Q4 24 | $301.3M | $34.5M | ||
| Q3 24 | $177.3M | $141.8M | ||
| Q2 24 | $111.3M | $153.2M | ||
| Q1 24 | $-45.6M | $97.3M |
自由现金流CWWWD
| Q4 25 | $315.1M | $70.3M | ||
| Q3 25 | $175.9M | $180.9M | ||
| Q2 25 | $117.2M | $99.1M | ||
| Q1 25 | $-54.5M | $59.4M | ||
| Q4 24 | $278.0M | $942.0K | ||
| Q3 24 | $162.7M | $117.7M | ||
| Q2 24 | $100.3M | $137.3M | ||
| Q1 24 | $-57.7M | $82.8M |
自由现金流率CWWWD
| Q4 25 | 33.3% | 7.1% | ||
| Q3 25 | 20.2% | 18.2% | ||
| Q2 25 | 13.4% | 10.8% | ||
| Q1 25 | -6.8% | 6.7% | ||
| Q4 24 | 33.7% | 0.1% | ||
| Q3 24 | 20.4% | 13.8% | ||
| Q2 24 | 12.8% | 16.2% | ||
| Q1 24 | -8.1% | 9.9% |
资本支出强度CWWWD
| Q4 25 | 4.0% | 4.4% | ||
| Q3 25 | 1.9% | 5.3% | ||
| Q2 25 | 2.2% | 2.9% | ||
| Q1 25 | 2.0% | 2.1% | ||
| Q4 24 | 2.8% | 4.3% | ||
| Q3 24 | 1.8% | 2.8% | ||
| Q2 24 | 1.4% | 1.9% | ||
| Q1 24 | 1.7% | 1.7% |
现金转化率CWWWD
| Q4 25 | 2.57× | 0.86× | ||
| Q3 25 | 1.54× | 1.70× | ||
| Q2 25 | 1.13× | 1.16× | ||
| Q1 25 | -0.38× | 0.71× | ||
| Q4 24 | 2.56× | 0.40× | ||
| Q3 24 | 1.59× | 1.70× | ||
| Q2 24 | 1.12× | 1.50× | ||
| Q1 24 | -0.60× | 1.00× |
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% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
