vs
戴德梁行（CWK）与泰科电子（TEL）财务数据对比。点击上方公司名可切换其他公司
泰科电子的季度营收约是戴德梁行的1.6倍（$4.7B vs $2.9B），泰科电子净利率更高（16.1% vs -0.8%，领先16.8%），泰科电子同比增速更快（21.7% vs 10.8%），泰科电子自由现金流更多（$607.0M vs $234.3M），过去两年戴德梁行的营收复合增速更高（15.5% vs 8.5%）
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。
TE Connectivity（泰科电子）是一家注册地涵盖美国与爱尔兰的科技企业，专注于电气及电子元器件的设计与制造，产品广泛应用于汽车、航空航天、国防、医疗、能源等多个行业，可为不同领域客户提供高性能连接解决方案。
CWK vs TEL — 直观对比
营收规模更大
TEL
是对方的1.6倍
$2.9B
营收增速更快
TEL
高出10.9%
10.8%
净利率更高
TEL
高出16.8%
-0.8%
自由现金流更多
TEL
多$372.7M
$234.3M
两年增速更快
CWK
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.7B |
| 净利润 | $-22.4M | $750.0M |
| 毛利率 | — | 37.2% |
| 营业利润率 | 6.1% | 20.6% |
| 净利率 | -0.8% | 16.1% |
| 营收同比 | 10.8% | 21.7% |
| 净利润同比 | -119.8% | 42.0% |
| 每股收益（稀释后） | $-0.10 | $2.53 |
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CWKTEL
| Q4 25 | $2.9B | $4.7B | ||
| Q3 25 | $2.6B | $4.7B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | $2.3B | $4.1B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.3B | $4.1B | ||
| Q2 24 | $2.3B | $4.0B | ||
| Q1 24 | $2.2B | $4.0B |
净利润CWKTEL
| Q4 25 | $-22.4M | $750.0M | ||
| Q3 25 | $51.4M | $663.0M | ||
| Q2 25 | $57.3M | $638.0M | ||
| Q1 25 | $1.9M | $13.0M | ||
| Q4 24 | $112.9M | $528.0M | ||
| Q3 24 | $33.7M | $276.0M | ||
| Q2 24 | $13.5M | $573.0M | ||
| Q1 24 | $-28.8M | $541.0M |
毛利率CWKTEL
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 34.4% |
营业利润率CWKTEL
| Q4 25 | 6.1% | 20.6% | ||
| Q3 25 | 4.1% | 19.3% | ||
| Q2 25 | 4.9% | 18.9% | ||
| Q1 25 | 2.0% | 18.1% | ||
| Q4 24 | 6.6% | 18.0% | ||
| Q3 24 | 3.2% | 16.0% | ||
| Q2 24 | 3.1% | 19.0% | ||
| Q1 24 | 0.9% | 17.4% |
净利率CWKTEL
| Q4 25 | -0.8% | 16.1% | ||
| Q3 25 | 2.0% | 14.0% | ||
| Q2 25 | 2.3% | 14.1% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 4.3% | 13.8% | ||
| Q3 24 | 1.4% | 6.8% | ||
| Q2 24 | 0.6% | 14.4% | ||
| Q1 24 | -1.3% | 13.6% |
每股收益（稀释后）CWKTEL
| Q4 25 | $-0.10 | $2.53 | ||
| Q3 25 | $0.22 | $2.23 | ||
| Q2 25 | $0.25 | $2.14 | ||
| Q1 25 | $0.01 | $0.04 | ||
| Q4 24 | $0.49 | $1.75 | ||
| Q3 24 | $0.14 | $0.96 | ||
| Q2 24 | $0.06 | $1.86 | ||
| Q1 24 | $-0.13 | $1.75 |
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 | $1.3B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.0B | $13.0B |
| 总资产 | $7.7B | $25.6B |
| 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CWKTEL
| Q4 25 | $784.2M | $1.3B | ||
| Q3 25 | $634.4M | $1.3B | ||
| Q2 25 | $618.2M | $672.0M | ||
| Q1 25 | $623.2M | $2.6B | ||
| Q4 24 | $793.3M | $1.3B | ||
| Q3 24 | $775.4M | $1.3B | ||
| Q2 24 | $567.3M | $1.5B | ||
| Q1 24 | $553.5M | $1.2B |
总债务CWKTEL
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
股东权益CWKTEL
| Q4 25 | $2.0B | $13.0B | ||
| Q3 25 | $2.0B | $12.6B | ||
| Q2 25 | $1.9B | $12.4B | ||
| Q1 25 | $1.8B | $12.1B | ||
| Q4 24 | $1.8B | $12.4B | ||
| Q3 24 | $1.7B | $12.4B | ||
| Q2 24 | $1.6B | $12.6B | ||
| Q1 24 | $1.6B | $12.4B |
总资产CWKTEL
| Q4 25 | $7.7B | $25.6B | ||
| Q3 25 | $7.7B | $25.1B | ||
| Q2 25 | $7.6B | $24.9B | ||
| Q1 25 | $7.4B | $23.7B | ||
| Q4 24 | $7.5B | $22.4B | ||
| Q3 24 | $7.5B | $22.9B | ||
| Q2 24 | $7.3B | $22.9B | ||
| Q1 24 | $7.5B | $22.8B |
负债/权益比CWKTEL
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.96× | — |
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 | $865.0M |
| 自由现金流经营现金流 - 资本支出 | $234.3M | $607.0M |
| 自由现金流率自由现金流/营收 | 8.0% | 13.0% |
| 资本支出强度资本支出/营收 | 0.8% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | $293.0M | $3.1B |
8季度趋势，按日历期对齐
经营现金流CWKTEL
| Q4 25 | $257.3M | $865.0M | ||
| Q3 25 | $235.5M | $1.4B | ||
| Q2 25 | $9.6M | $1.2B | ||
| Q1 25 | $-162.0M | $653.0M | ||
| Q4 24 | $115.2M | $878.0M | ||
| Q3 24 | $196.1M | $1.0B | ||
| Q2 24 | $21.8M | $1.0B | ||
| Q1 24 | $-125.1M | $710.0M |
自由现金流CWKTEL
| Q4 25 | $234.3M | $607.0M | ||
| Q3 25 | $225.0M | $1.1B | ||
| Q2 25 | $300.0K | $957.0M | ||
| Q1 25 | $-166.6M | $423.0M | ||
| Q4 24 | $105.9M | $673.0M | ||
| Q3 24 | $186.7M | $829.0M | ||
| Q2 24 | $10.0M | $857.0M | ||
| Q1 24 | $-135.6M | $543.0M |
自由现金流率CWKTEL
| Q4 25 | 8.0% | 13.0% | ||
| Q3 25 | 8.6% | 24.2% | ||
| Q2 25 | 0.0% | 21.1% | ||
| Q1 25 | -7.3% | 10.2% | ||
| Q4 24 | 4.0% | 17.5% | ||
| Q3 24 | 8.0% | 20.4% | ||
| Q2 24 | 0.4% | 21.5% | ||
| Q1 24 | -6.2% | 13.7% |
资本支出强度CWKTEL
| Q4 25 | 0.8% | 5.5% | ||
| Q3 25 | 0.4% | 5.7% | ||
| Q2 25 | 0.4% | 5.1% | ||
| Q1 25 | 0.2% | 5.6% | ||
| Q4 24 | 0.4% | 5.3% | ||
| Q3 24 | 0.4% | 5.2% | ||
| Q2 24 | 0.5% | 3.7% | ||
| Q1 24 | 0.5% | 4.2% |
现金转化率CWKTEL
| Q4 25 | — | 1.15× | ||
| Q3 25 | 4.58× | 2.14× | ||
| Q2 25 | 0.17× | 1.86× | ||
| Q1 25 | -85.26× | 50.23× | ||
| Q4 24 | 1.02× | 1.66× | ||
| Q3 24 | 5.82× | 3.78× | ||
| Q2 24 | 1.61× | 1.76× | ||
| Q1 24 | — | 1.31× |
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% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
