vs
Dollar General（DG）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是Dollar General的1.2倍（$12.3B vs $10.6B），高通净利率更高（24.5% vs 2.7%，领先21.9%），高通同比增速更快（5.0% vs 4.6%），高通自由现金流更多（$4.4B vs $690.4M），过去两年高通的营收复合增速更高（14.2% vs 4.3%）
Dollar General是美国大型折扣连锁零售企业，总部位于田纳西州古德利茨维尔。截至2024年1月初，集团在美国本土及墨西哥共运营20388家线下门店，主打高性价比日常商品，服务大众消费群体。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
DG vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.2倍
$10.6B
营收增速更快
QCOM
高出0.4%
4.6%
净利率更高
QCOM
高出21.9%
2.7%
自由现金流更多
QCOM
多$3.7B
$690.4M
两年增速更快
QCOM
近两年复合增速
4.3%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.6B | $12.3B |
| 净利润 | $282.7M | $3.0B |
| 毛利率 | 29.9% | 54.6% |
| 营业利润率 | 4.0% | 27.5% |
| 净利率 | 2.7% | 24.5% |
| 营收同比 | 4.6% | 5.0% |
| 净利润同比 | 43.8% | -5.5% |
| 每股收益（稀释后） | $1.28 | $2.78 |
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DGQCOM
| Q4 25 | $10.6B | $12.3B | ||
| Q3 25 | — | $11.3B | ||
| Q2 25 | $10.4B | $10.4B | ||
| Q1 25 | — | $11.0B | ||
| Q4 24 | $10.2B | $11.7B | ||
| Q3 24 | $10.2B | $10.2B | ||
| Q2 24 | $9.9B | $9.4B | ||
| Q1 24 | $9.9B | $9.4B |
净利润DGQCOM
| Q4 25 | $282.7M | $3.0B | ||
| Q3 25 | — | $-3.1B | ||
| Q2 25 | $391.9M | $2.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $196.5M | $3.2B | ||
| Q3 24 | $374.2M | $2.9B | ||
| Q2 24 | $363.3M | $2.1B | ||
| Q1 24 | $401.8M | $2.3B |
毛利率DGQCOM
| Q4 25 | 29.9% | 54.6% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | 31.0% | 55.6% | ||
| Q1 25 | — | 55.0% | ||
| Q4 24 | 28.8% | 55.8% | ||
| Q3 24 | 30.0% | 56.4% | ||
| Q2 24 | 30.2% | 55.6% | ||
| Q1 24 | 29.5% | 56.3% |
营业利润率DGQCOM
| Q4 25 | 4.0% | 27.5% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | 5.5% | 26.6% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | 3.2% | 30.5% | ||
| Q3 24 | 5.4% | 25.2% | ||
| Q2 24 | 5.5% | 23.6% | ||
| Q1 24 | 5.9% | 24.9% |
净利率DGQCOM
| Q4 25 | 2.7% | 24.5% | ||
| Q3 25 | — | -27.7% | ||
| Q2 25 | 3.8% | 25.7% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | 1.9% | 27.3% | ||
| Q3 24 | 3.7% | 28.5% | ||
| Q2 24 | 3.7% | 22.7% | ||
| Q1 24 | 4.1% | 24.8% |
每股收益（稀释后）DGQCOM
| Q4 25 | $1.28 | $2.78 | ||
| Q3 25 | — | $-2.77 | ||
| Q2 25 | $1.78 | $2.43 | ||
| Q1 25 | — | $2.52 | ||
| Q4 24 | $0.89 | $2.83 | ||
| Q3 24 | $1.70 | $2.57 | ||
| Q2 24 | $1.65 | $1.88 | ||
| Q1 24 | $1.82 | $2.06 |
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 | $1.2B | $11.8B |
| 总债务越低越好 | $5.1B | $14.8B |
| 股东权益账面价值 | $8.2B | $23.1B |
| 总资产 | $31.7B | $53.0B |
| 负债/权益比越低杠杆越低 | 0.63× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资DGQCOM
| Q4 25 | $1.2B | $11.8B | ||
| Q3 25 | — | $10.2B | ||
| Q2 25 | $850.0M | $10.0B | ||
| Q1 25 | — | $13.8B | ||
| Q4 24 | $537.3M | $14.3B | ||
| Q3 24 | $1.2B | $13.3B | ||
| Q2 24 | $720.7M | $13.0B | ||
| Q1 24 | $537.3M | $13.9B |
总债务DGQCOM
| Q4 25 | $5.1B | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | $5.7B | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | $5.7B | $13.2B | ||
| Q3 24 | $6.2B | $13.3B | ||
| Q2 24 | $6.2B | $13.2B | ||
| Q1 24 | $6.2B | $14.5B |
股东权益DGQCOM
| Q4 25 | $8.2B | $23.1B | ||
| Q3 25 | — | $21.2B | ||
| Q2 25 | $7.7B | $27.2B | ||
| Q1 25 | — | $27.7B | ||
| Q4 24 | $7.3B | $26.9B | ||
| Q3 24 | $7.3B | $26.3B | ||
| Q2 24 | $7.0B | $24.7B | ||
| Q1 24 | $6.7B | $24.5B |
总资产DGQCOM
| Q4 25 | $31.7B | $53.0B | ||
| Q3 25 | — | $50.1B | ||
| Q2 25 | $31.0B | $54.9B | ||
| Q1 25 | — | $55.4B | ||
| Q4 24 | $31.5B | $55.6B | ||
| Q3 24 | $31.8B | $55.2B | ||
| Q2 24 | $31.0B | $52.7B | ||
| Q1 24 | $30.8B | $53.2B |
负债/权益比DGQCOM
| Q4 25 | 0.63× | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | 0.74× | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 0.78× | 0.49× | ||
| Q3 24 | 0.86× | 0.51× | ||
| Q2 24 | 0.89× | 0.53× | ||
| Q1 24 | 0.92× | 0.59× |
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 | $1.0B | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $690.4M | $4.4B |
| 自由现金流率自由现金流/营收 | 6.5% | 36.0% |
| 资本支出强度资本支出/营收 | 2.9% | 4.5% |
| 现金转化率经营现金流/净利润 | 3.55× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $2.1B | $12.9B |
8季度趋势，按日历期对齐
经营现金流DGQCOM
| Q4 25 | $1.0B | $5.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $847.2M | $2.9B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $542.4M | $4.6B | ||
| Q3 24 | $988.9M | $2.6B | ||
| Q2 24 | $663.8M | $3.1B | ||
| Q1 24 | $949.8M | $3.6B |
自由现金流DGQCOM
| Q4 25 | $690.4M | $4.4B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $556.2M | $2.6B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $201.0M | $4.3B | ||
| Q3 24 | $635.2M | $2.4B | ||
| Q2 24 | $321.8M | $2.7B | ||
| Q1 24 | $490.1M | $3.4B |
自由现金流率DGQCOM
| Q4 25 | 6.5% | 36.0% | ||
| Q3 25 | — | 31.8% | ||
| Q2 25 | 5.3% | 24.9% | ||
| Q1 25 | — | 21.3% | ||
| Q4 24 | 2.0% | 36.9% | ||
| Q3 24 | 6.2% | 23.3% | ||
| Q2 24 | 3.2% | 28.4% | ||
| Q1 24 | 5.0% | 35.9% |
资本支出强度DGQCOM
| Q4 25 | 2.9% | 4.5% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | 2.8% | 2.8% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 3.4% | 2.4% | ||
| Q3 24 | 3.5% | 2.5% | ||
| Q2 24 | 3.4% | 4.1% | ||
| Q1 24 | 4.7% | 2.0% |
现金转化率DGQCOM
| Q4 25 | 3.55× | 1.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.16× | 1.08× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 2.76× | 1.44× | ||
| Q3 24 | 2.64× | 0.91× | ||
| Q2 24 | 1.83× | 1.43× | ||
| Q1 24 | 2.36× | 1.53× |
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
DG
| Consumables | $8.8B | 83% |
| Seasonal | $992.2M | 9% |
| Home Products | $550.7M | 5% |
| Apparel | $281.9M | 3% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
