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戴德梁行（CWK）与哈贝尔（HUBB）财务数据对比。点击上方公司名可切换其他公司
戴德梁行的季度营收约是哈贝尔的2.0倍（$2.9B vs $1.5B），哈贝尔净利率更高（14.6% vs -0.8%，领先15.4%），哈贝尔同比增速更快（11.9% vs 10.8%），哈贝尔自由现金流更多（$388.8M vs $234.3M），过去两年戴德梁行的营收复合增速更高（15.5% vs 3.3%）
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
CWK vs HUBB — 直观对比
营收规模更大
CWK
是对方的2.0倍
$1.5B
营收增速更快
HUBB
高出1.1%
10.8%
净利率更高
HUBB
高出15.4%
-0.8%
自由现金流更多
HUBB
多$154.5M
$234.3M
两年增速更快
CWK
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.5B |
| 净利润 | $-22.4M | $217.7M |
| 毛利率 | — | 34.6% |
| 营业利润率 | 6.1% | 20.3% |
| 净利率 | -0.8% | 14.6% |
| 营收同比 | 10.8% | 11.9% |
| 净利润同比 | -119.8% | 10.5% |
| 每股收益（稀释后） | $-0.10 | $4.06 |
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CWKHUBB
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.4B |
净利润CWKHUBB
| Q4 25 | $-22.4M | $217.7M | ||
| Q3 25 | $51.4M | $255.5M | ||
| Q2 25 | $57.3M | $244.2M | ||
| Q1 25 | $1.9M | $169.7M | ||
| Q4 24 | $112.9M | $197.0M | ||
| Q3 24 | $33.7M | $219.4M | ||
| Q2 24 | $13.5M | $213.6M | ||
| Q1 24 | $-28.8M | $147.8M |
毛利率CWKHUBB
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 36.2% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 34.5% | ||
| Q2 24 | — | 35.0% | ||
| Q1 24 | — | 32.0% |
营业利润率CWKHUBB
| Q4 25 | 6.1% | 20.3% | ||
| Q3 25 | 4.1% | 22.0% | ||
| Q2 25 | 4.9% | 22.7% | ||
| Q1 25 | 2.0% | 17.5% | ||
| Q4 24 | 6.6% | 19.3% | ||
| Q3 24 | 3.2% | 21.1% | ||
| Q2 24 | 3.1% | 20.7% | ||
| Q1 24 | 0.9% | 16.3% |
净利率CWKHUBB
| Q4 25 | -0.8% | 14.6% | ||
| Q3 25 | 2.0% | 17.0% | ||
| Q2 25 | 2.3% | 16.5% | ||
| Q1 25 | 0.1% | 12.4% | ||
| Q4 24 | 4.3% | 14.8% | ||
| Q3 24 | 1.4% | 15.2% | ||
| Q2 24 | 0.6% | 14.7% | ||
| Q1 24 | -1.3% | 10.6% |
每股收益（稀释后）CWKHUBB
| Q4 25 | $-0.10 | $4.06 | ||
| Q3 25 | $0.22 | $4.77 | ||
| Q2 25 | $0.25 | $4.56 | ||
| Q1 25 | $0.01 | $3.15 | ||
| Q4 24 | $0.49 | $3.65 | ||
| Q3 24 | $0.14 | $4.05 | ||
| Q2 24 | $0.06 | $3.94 | ||
| Q1 24 | $-0.13 | $2.73 |
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 | $784.2M | $497.9M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.0B | $3.8B |
| 总资产 | $7.7B | $8.2B |
| 负债/权益比越低杠杆越低 | 1.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CWKHUBB
| Q4 25 | $784.2M | $497.9M | ||
| Q3 25 | $634.4M | $680.9M | ||
| Q2 25 | $618.2M | $399.6M | ||
| Q1 25 | $623.2M | $360.3M | ||
| Q4 24 | $793.3M | $345.0M | ||
| Q3 24 | $775.4M | $445.6M | ||
| Q2 24 | $567.3M | $406.5M | ||
| Q1 24 | $553.5M | $400.3M |
总债务CWKHUBB
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.1B | $1.9B | ||
| Q1 24 | $3.2B | $1.9B |
股东权益CWKHUBB
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $1.9B | $3.5B | ||
| Q1 25 | $1.8B | $3.3B | ||
| Q4 24 | $1.8B | $3.3B | ||
| Q3 24 | $1.7B | $3.2B | ||
| Q2 24 | $1.6B | $3.1B | ||
| Q1 24 | $1.6B | $2.9B |
总资产CWKHUBB
| Q4 25 | $7.7B | $8.2B | ||
| Q3 25 | $7.7B | $7.5B | ||
| Q2 25 | $7.6B | $7.1B | ||
| Q1 25 | $7.4B | $6.9B | ||
| Q4 24 | $7.5B | $6.7B | ||
| Q3 24 | $7.5B | $6.9B | ||
| Q2 24 | $7.3B | $6.9B | ||
| Q1 24 | $7.5B | $6.9B |
负债/权益比CWKHUBB
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | 0.39× | ||
| Q2 25 | 1.57× | 0.41× | ||
| Q1 25 | 1.70× | 0.44× | ||
| Q4 24 | 1.73× | 0.44× | ||
| Q3 24 | 1.81× | 0.51× | ||
| Q2 24 | 1.91× | 0.63× | ||
| Q1 24 | 1.96× | 0.65× |
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 | $257.3M | $447.5M |
| 自由现金流经营现金流 - 资本支出 | $234.3M | $388.8M |
| 自由现金流率自由现金流/营收 | 8.0% | 26.0% |
| 资本支出强度资本支出/营收 | 0.8% | 3.9% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 过去12个月自由现金流最近4个季度 | $293.0M | $874.7M |
8季度趋势，按日历期对齐
经营现金流CWKHUBB
| Q4 25 | $257.3M | $447.5M | ||
| Q3 25 | $235.5M | $284.3M | ||
| Q2 25 | $9.6M | $260.6M | ||
| Q1 25 | $-162.0M | $37.4M | ||
| Q4 24 | $115.2M | $432.4M | ||
| Q3 24 | $196.1M | $227.0M | ||
| Q2 24 | $21.8M | $239.6M | ||
| Q1 24 | $-125.1M | $92.2M |
自由现金流CWKHUBB
| Q4 25 | $234.3M | $388.8M | ||
| Q3 25 | $225.0M | $253.8M | ||
| Q2 25 | $300.0K | $220.7M | ||
| Q1 25 | $-166.6M | $11.4M | ||
| Q4 24 | $105.9M | $364.4M | ||
| Q3 24 | $186.7M | $188.8M | ||
| Q2 24 | $10.0M | $205.7M | ||
| Q1 24 | $-135.6M | $51.9M |
自由现金流率CWKHUBB
| Q4 25 | 8.0% | 26.0% | ||
| Q3 25 | 8.6% | 16.9% | ||
| Q2 25 | 0.0% | 14.9% | ||
| Q1 25 | -7.3% | 0.8% | ||
| Q4 24 | 4.0% | 27.3% | ||
| Q3 24 | 8.0% | 13.1% | ||
| Q2 24 | 0.4% | 14.2% | ||
| Q1 24 | -6.2% | 3.7% |
资本支出强度CWKHUBB
| Q4 25 | 0.8% | 3.9% | ||
| Q3 25 | 0.4% | 2.0% | ||
| Q2 25 | 0.4% | 2.7% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | 0.4% | 5.1% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.5% | 2.3% | ||
| Q1 24 | 0.5% | 2.9% |
现金转化率CWKHUBB
| Q4 25 | — | 2.06× | ||
| Q3 25 | 4.58× | 1.11× | ||
| Q2 25 | 0.17× | 1.07× | ||
| Q1 25 | -85.26× | 0.22× | ||
| Q4 24 | 1.02× | 2.19× | ||
| Q3 24 | 5.82× | 1.03× | ||
| Q2 24 | 1.61× | 1.12× | ||
| Q1 24 | — | 0.62× |
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
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
