vs
德纳（DAN）与TEREX CORP（TEX）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是德纳的1.0倍（$1.3B vs $1.3B），TEREX CORP净利率更高（4.8% vs -3.9%，领先8.6%），TEREX CORP同比增速更快（6.2% vs -44.5%），德纳自由现金流更多（$345.0M vs $171.0M），过去两年TEREX CORP的营收复合增速更高（1.0% vs -31.2%）
德纳（Dana Inc.）是美国知名汽车零部件供应商，创立于1904年，总部位于俄亥俄州莫米。公司为传统燃油车、混合动力车及电动车提供车桥、传动轴，以及电驱动、热管理、密封、数字设备等产品，服务于轻型车、商用车市场，业务遍及33个国家，员工近2.8万人，2022年销售额达102亿美元，位列财富世界500强。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
DAN vs TEX — 直观对比
营收规模更大
TEX
是对方的1.0倍
$1.3B
营收增速更快
TEX
高出50.7%
-44.5%
净利率更高
TEX
高出8.6%
-3.9%
自由现金流更多
DAN
多$174.0M
$171.0M
两年增速更快
TEX
近两年复合增速
-31.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $-50.0M | $63.0M |
| 毛利率 | 6.0% | 18.8% |
| 营业利润率 | -0.2% | 10.4% |
| 净利率 | -3.9% | 4.8% |
| 营收同比 | -44.5% | 6.2% |
| 净利润同比 | 37.5% | 2963.6% |
| 每股收益（稀释后） | $-0.36 | $0.95 |
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DANTEX
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.7B | $1.3B |
净利润DANTEX
| Q4 25 | $-50.0M | $63.0M | ||
| Q3 25 | $83.0M | $65.0M | ||
| Q2 25 | $27.0M | $72.0M | ||
| Q1 25 | $25.0M | $21.0M | ||
| Q4 24 | $-80.0M | $-2.2M | ||
| Q3 24 | $4.0M | $88.0M | ||
| Q2 24 | $16.0M | $140.7M | ||
| Q1 24 | $3.0M | $108.5M |
毛利率DANTEX
| Q4 25 | 6.0% | 18.8% | ||
| Q3 25 | 8.7% | 20.3% | ||
| Q2 25 | 7.1% | 19.6% | ||
| Q1 25 | 9.4% | 18.7% | ||
| Q4 24 | 5.7% | 15.9% | ||
| Q3 24 | 9.9% | 20.2% | ||
| Q2 24 | 9.3% | 23.8% | ||
| Q1 24 | 8.9% | 23.0% |
营业利润率DANTEX
| Q4 25 | -0.2% | 10.4% | ||
| Q3 25 | 2.8% | 10.1% | ||
| Q2 25 | 0.8% | 8.7% | ||
| Q1 25 | 3.1% | 5.6% | ||
| Q4 24 | -1.5% | 4.2% | ||
| Q3 24 | 3.6% | 10.1% | ||
| Q2 24 | 3.8% | 14.0% | ||
| Q1 24 | 2.6% | 12.2% |
净利率DANTEX
| Q4 25 | -3.9% | 4.8% | ||
| Q3 25 | 4.3% | 4.7% | ||
| Q2 25 | 1.4% | 4.8% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | -3.4% | -0.2% | ||
| Q3 24 | 0.2% | 7.3% | ||
| Q2 24 | 0.6% | 10.2% | ||
| Q1 24 | 0.1% | 8.4% |
每股收益（稀释后）DANTEX
| Q4 25 | $-0.36 | $0.95 | ||
| Q3 25 | $0.64 | $0.98 | ||
| Q2 25 | $0.19 | $1.09 | ||
| Q1 25 | $0.17 | $0.31 | ||
| Q4 24 | $-0.55 | $-0.03 | ||
| Q3 24 | $0.03 | $1.31 | ||
| Q2 24 | $0.11 | $2.08 | ||
| Q1 24 | $0.02 | $1.60 |
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 | $469.0M | $772.0M |
| 总债务越低越好 | $2.6B | $2.6B |
| 股东权益账面价值 | $840.0M | $2.1B |
| 总资产 | $7.8B | $6.1B |
| 负债/权益比越低杠杆越低 | 3.05× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资DANTEX
| Q4 25 | $469.0M | $772.0M | ||
| Q3 25 | $414.0M | $509.0M | ||
| Q2 25 | $486.0M | $374.0M | ||
| Q1 25 | $507.0M | $298.0M | ||
| Q4 24 | $494.0M | $388.0M | ||
| Q3 24 | $419.0M | $352.0M | ||
| Q2 24 | $419.0M | $319.3M | ||
| Q1 24 | $351.0M | $364.9M |
总债务DANTEX
| Q4 25 | $2.6B | $2.6B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.6B | — |
股东权益DANTEX
| Q4 25 | $840.0M | $2.1B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.5B | $1.7B |
总资产DANTEX
| Q4 25 | $7.8B | $6.1B | ||
| Q3 25 | $8.1B | $6.2B | ||
| Q2 25 | $8.1B | $6.2B | ||
| Q1 25 | $7.8B | $5.8B | ||
| Q4 24 | $7.5B | $5.7B | ||
| Q3 24 | $7.9B | $3.8B | ||
| Q2 24 | $7.8B | $3.8B | ||
| Q1 24 | $7.9B | $3.8B |
负债/权益比DANTEX
| Q4 25 | 3.05× | 1.23× | ||
| Q3 25 | 2.35× | — | ||
| Q2 25 | 2.13× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.79× | 1.41× | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.68× | — |
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 | $406.0M | $205.0M |
| 自由现金流经营现金流 - 资本支出 | $345.0M | $171.0M |
| 自由现金流率自由现金流/营收 | 26.6% | 13.0% |
| 资本支出强度资本支出/营收 | 4.7% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 3.25× |
| 过去12个月自由现金流最近4个季度 | $298.0M | $322.0M |
8季度趋势，按日历期对齐
经营现金流DANTEX
| Q4 25 | $406.0M | $205.0M | ||
| Q3 25 | $111.0M | $154.0M | ||
| Q2 25 | $32.0M | $102.0M | ||
| Q1 25 | $-37.0M | $-21.0M | ||
| Q4 24 | $302.0M | $177.0M | ||
| Q3 24 | $35.0M | $116.4M | ||
| Q2 24 | $215.0M | $66.5M | ||
| Q1 24 | $-102.0M | $-33.9M |
自由现金流DANTEX
| Q4 25 | $345.0M | $171.0M | ||
| Q3 25 | $62.0M | $130.0M | ||
| Q2 25 | $3.0M | $78.0M | ||
| Q1 25 | $-112.0M | $-57.0M | ||
| Q4 24 | $149.0M | $128.0M | ||
| Q3 24 | $-11.0M | $87.4M | ||
| Q2 24 | $104.0M | $42.5M | ||
| Q1 24 | $-172.0M | $-68.9M |
自由现金流率DANTEX
| Q4 25 | 26.6% | 13.0% | ||
| Q3 25 | 3.2% | 9.4% | ||
| Q2 25 | 0.2% | 5.2% | ||
| Q1 25 | -4.8% | -4.6% | ||
| Q4 24 | 6.4% | 10.3% | ||
| Q3 24 | -0.4% | 7.2% | ||
| Q2 24 | 3.8% | 3.1% | ||
| Q1 24 | -6.3% | -5.3% |
资本支出强度DANTEX
| Q4 25 | 4.7% | 2.6% | ||
| Q3 25 | 2.6% | 1.7% | ||
| Q2 25 | 1.5% | 1.6% | ||
| Q1 25 | 3.2% | 2.9% | ||
| Q4 24 | 6.6% | 3.9% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 4.1% | 1.7% | ||
| Q1 24 | 2.6% | 2.7% |
现金转化率DANTEX
| Q4 25 | — | 3.25× | ||
| Q3 25 | 1.34× | 2.37× | ||
| Q2 25 | 1.19× | 1.42× | ||
| Q1 25 | -1.48× | -1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.75× | 1.32× | ||
| Q2 24 | 13.44× | 0.47× | ||
| Q1 24 | -34.00× | -0.31× |
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
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
