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丹纳赫（DHR）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是丹纳赫的1.0倍（$6.2B vs $6.0B），联合太平洋净利率更高（27.4% vs 17.3%，领先10.1%），丹纳赫同比增速更快（3.7% vs 3.2%），丹纳赫自由现金流更多（$1.1B vs $631.0M），过去两年丹纳赫的营收复合增速更高（1.8% vs 1.7%）
丹纳赫是总部位于美国华盛顿特区的医疗健康企业，聚焦生物技术、生命科学与诊断领域的产品研发。公司下设三大业务板块：生物技术板块开发治疗相关产品，生命科学板块覆盖疾病溯源、新疗法研发、药物疫苗与基因编辑技术的测试生产，诊断板块研发检测仪器，为全球生命健康产业提供核心支持。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
DHR vs UNP — 直观对比
营收规模更大
UNP
是对方的1.0倍
$6.0B
营收增速更快
DHR
高出0.5%
3.2%
净利率更高
UNP
高出10.1%
17.3%
自由现金流更多
DHR
多$454.0M
$631.0M
两年增速更快
DHR
近两年复合增速
1.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $6.2B |
| 净利润 | $1.0B | $1.7B |
| 毛利率 | 60.3% | — |
| 营业利润率 | 22.6% | 39.5% |
| 净利率 | 17.3% | 27.4% |
| 营收同比 | 3.7% | 3.2% |
| 净利润同比 | 7.9% | 4.6% |
| 每股收益（稀释后） | $1.45 | $2.87 |
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DHRUNP
| Q1 26 | $6.0B | $6.2B | ||
| Q4 25 | $6.8B | $6.1B | ||
| Q3 25 | $6.1B | $6.2B | ||
| Q2 25 | $5.9B | $6.2B | ||
| Q1 25 | $5.7B | $6.0B | ||
| Q4 24 | $6.5B | $6.1B | ||
| Q3 24 | $5.8B | $6.1B | ||
| Q2 24 | $5.7B | $6.0B |
净利润DHRUNP
| Q1 26 | $1.0B | $1.7B | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $908.0M | $1.8B | ||
| Q2 25 | $555.0M | $1.9B | ||
| Q1 25 | $954.0M | $1.6B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $818.0M | $1.7B | ||
| Q2 24 | $907.0M | $1.7B |
毛利率DHRUNP
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | — | ||
| Q3 25 | 58.2% | — | ||
| Q2 25 | 59.3% | — | ||
| Q1 25 | 61.2% | — | ||
| Q4 24 | 59.5% | — | ||
| Q3 24 | 58.7% | — | ||
| Q2 24 | 59.7% | — |
营业利润率DHRUNP
| Q1 26 | 22.6% | 39.5% | ||
| Q4 25 | 22.0% | 39.5% | ||
| Q3 25 | 19.1% | 40.8% | ||
| Q2 25 | 12.8% | 41.0% | ||
| Q1 25 | 22.2% | 39.3% | ||
| Q4 24 | 21.8% | 41.3% | ||
| Q3 24 | 16.5% | 39.7% | ||
| Q2 24 | 20.3% | 40.0% |
净利率DHRUNP
| Q1 26 | 17.3% | 27.4% | ||
| Q4 25 | 17.5% | 30.4% | ||
| Q3 25 | 15.0% | 28.6% | ||
| Q2 25 | 9.3% | 30.5% | ||
| Q1 25 | 16.6% | 27.0% | ||
| Q4 24 | 16.6% | 28.8% | ||
| Q3 24 | 14.1% | 27.4% | ||
| Q2 24 | 15.8% | 27.9% |
每股收益（稀释后）DHRUNP
| Q1 26 | $1.45 | $2.87 | ||
| Q4 25 | $1.69 | $3.12 | ||
| Q3 25 | $1.27 | $3.01 | ||
| Q2 25 | $0.77 | $3.15 | ||
| Q1 25 | $1.32 | $2.70 | ||
| Q4 24 | $1.50 | $2.91 | ||
| Q3 24 | $1.12 | $2.75 | ||
| Q2 24 | $1.22 | $2.74 |
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 | — | $735.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | — |
| 总资产 | — | $69.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DHRUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $808.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $947.0M | ||
| Q2 24 | — | $1.1B |
总债务DHRUNP
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $30.3B | ||
| Q3 25 | $16.9B | $30.3B | ||
| Q2 25 | $17.4B | $30.3B | ||
| Q1 25 | $16.5B | $30.6B | ||
| Q4 24 | $16.0B | $29.8B | ||
| Q3 24 | $17.5B | $29.8B | ||
| Q2 24 | $17.0B | $31.2B |
股东权益DHRUNP
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $18.5B | ||
| Q3 25 | $51.1B | $17.3B | ||
| Q2 25 | $52.3B | $16.3B | ||
| Q1 25 | $50.8B | $16.0B | ||
| Q4 24 | $49.5B | $16.9B | ||
| Q3 24 | $51.3B | $16.6B | ||
| Q2 24 | $49.9B | $16.5B |
总资产DHRUNP
| Q1 26 | — | $69.6B | ||
| Q4 25 | $83.5B | $69.7B | ||
| Q3 25 | $79.9B | $68.6B | ||
| Q2 25 | $81.6B | $68.6B | ||
| Q1 25 | $79.1B | $68.5B | ||
| Q4 24 | $77.5B | $67.7B | ||
| Q3 24 | $80.6B | $67.6B | ||
| Q2 24 | $78.6B | $67.8B |
负债/权益比DHRUNP
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 1.64× | ||
| Q3 25 | 0.33× | 1.75× | ||
| Q2 25 | 0.33× | 1.86× | ||
| Q1 25 | 0.32× | 1.91× | ||
| Q4 24 | 0.32× | 1.76× | ||
| Q3 24 | 0.34× | 1.79× | ||
| Q2 24 | 0.34× | 1.89× |
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 | $1.3B | — |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $631.0M |
| 自由现金流率自由现金流/营收 | 18.2% | 10.1% |
| 资本支出强度资本支出/营收 | 4.0% | — |
| 现金转化率经营现金流/净利润 | 1.28× | — |
| 过去12个月自由现金流最近4个季度 | $5.3B | $4.8B |
8季度趋势，按日历期对齐
经营现金流DHRUNP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $2.0B | $2.7B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | $1.4B | $1.9B |
自由现金流DHRUNP
| Q1 26 | $1.1B | $631.0M | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.1B | $1.0B |
自由现金流率DHRUNP
| Q1 26 | 18.2% | 10.1% | ||
| Q4 25 | 25.5% | 20.1% | ||
| Q3 25 | 22.6% | 25.2% | ||
| Q2 25 | 18.4% | 22.7% | ||
| Q1 25 | 18.4% | 21.6% | ||
| Q4 24 | 23.0% | 28.4% | ||
| Q3 24 | 21.0% | 29.9% | ||
| Q2 24 | 19.7% | 16.8% |
资本支出强度DHRUNP
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 16.4% | ||
| Q3 25 | 4.8% | 15.2% | ||
| Q2 25 | 4.2% | 15.2% | ||
| Q1 25 | 4.3% | 15.0% | ||
| Q4 24 | 7.9% | 15.1% | ||
| Q3 24 | 5.1% | 13.6% | ||
| Q2 24 | 5.0% | 15.0% |
现金转化率DHRUNP
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 1.20× | ||
| Q3 25 | 1.83× | 1.41× | ||
| Q2 25 | 2.41× | 1.24× | ||
| Q1 25 | 1.36× | 1.36× | ||
| Q4 24 | 1.86× | 1.51× | ||
| Q3 24 | 1.85× | 1.59× | ||
| Q2 24 | 1.56× | 1.14× |
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
DHR
暂无分部数据
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
