vs
华特迪士尼（DIS）与通用动力（GD）财务数据对比。点击上方公司名可切换其他公司
华特迪士尼的季度营收约是通用动力的1.9倍（$26.0B vs $13.5B），华特迪士尼净利率更高（9.2% vs 8.3%，领先0.9%），通用动力同比增速更快（10.3% vs 5.2%），通用动力自由现金流更多（$2.0B vs $-2.3B），过去两年华特迪士尼的营收复合增速更高（8.5% vs 6.1%）
华特迪士尼是总部位于美国加利福尼亚州伯班克的跨国大众传媒及娱乐综合集团，1923年10月16日由华特·迪士尼与罗伊·奥利弗·迪士尼兄弟以动画工作室名义创立，后数度更名，于1986年正式采用现名，在全球娱乐产业拥有极高影响力。
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
DIS vs GD — 直观对比
营收规模更大
DIS
是对方的1.9倍
$13.5B
营收增速更快
GD
高出5.1%
5.2%
净利率更高
DIS
高出0.9%
8.3%
自由现金流更多
GD
多$4.2B
$-2.3B
两年增速更快
DIS
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $26.0B | $13.5B |
| 净利润 | $2.4B | $1.1B |
| 毛利率 | — | — |
| 营业利润率 | 17.7% | 10.5% |
| 净利率 | 9.2% | 8.3% |
| 营收同比 | 5.2% | 10.3% |
| 净利润同比 | -6.0% | 13.2% |
| 每股收益（稀释后） | $1.34 | $4.10 |
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DISGD
| Q1 26 | — | $13.5B | ||
| Q4 25 | $26.0B | $14.4B | ||
| Q3 25 | $22.5B | $12.9B | ||
| Q2 25 | $23.6B | $13.0B | ||
| Q1 25 | $23.6B | $12.2B | ||
| Q4 24 | $24.7B | $13.3B | ||
| Q3 24 | $22.6B | $11.7B | ||
| Q2 24 | $23.2B | $12.0B |
净利润DISGD
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.4B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $5.3B | $1.0B | ||
| Q1 25 | $3.3B | $994.0M | ||
| Q4 24 | $2.6B | $1.1B | ||
| Q3 24 | $460.0M | $930.0M | ||
| Q2 24 | $2.6B | $905.0M |
营业利润率DISGD
| Q1 26 | — | 10.5% | ||
| Q4 25 | 17.7% | 10.1% | ||
| Q3 25 | 15.5% | 10.3% | ||
| Q2 25 | 19.3% | 10.0% | ||
| Q1 25 | 18.8% | 10.4% | ||
| Q4 24 | 20.5% | 10.7% | ||
| Q3 24 | 16.2% | 10.1% | ||
| Q2 24 | 18.2% | 9.7% |
净利率DISGD
| Q1 26 | — | 8.3% | ||
| Q4 25 | 9.2% | 7.9% | ||
| Q3 25 | 5.8% | 8.2% | ||
| Q2 25 | 22.2% | 7.8% | ||
| Q1 25 | 13.9% | 8.1% | ||
| Q4 24 | 10.3% | 8.6% | ||
| Q3 24 | 2.0% | 8.0% | ||
| Q2 24 | 11.3% | 7.6% |
每股收益（稀释后）DISGD
| Q1 26 | — | $4.10 | ||
| Q4 25 | $1.34 | — | ||
| Q3 25 | $0.72 | — | ||
| Q2 25 | $2.92 | — | ||
| Q1 25 | $1.81 | — | ||
| Q4 24 | $1.40 | — | ||
| Q3 24 | $0.26 | — | ||
| Q2 24 | $1.43 | — |
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 | $5.7B | $3.7B |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $108.5B | $26.1B |
| 总资产 | $202.1B | $59.0B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资DISGD
| Q1 26 | — | $3.7B | ||
| Q4 25 | $5.7B | $2.3B | ||
| Q3 25 | $5.7B | $2.5B | ||
| Q2 25 | $5.4B | $1.5B | ||
| Q1 25 | $5.9B | $1.2B | ||
| Q4 24 | $5.5B | $1.7B | ||
| Q3 24 | $6.0B | $2.1B | ||
| Q2 24 | $6.0B | $1.4B |
总债务DISGD
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $8.1B | ||
| Q3 25 | $42.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.8B | ||
| Q3 24 | $45.8B | — | ||
| Q2 24 | — | — |
股东权益DISGD
| Q1 26 | — | $26.1B | ||
| Q4 25 | $108.5B | $25.6B | ||
| Q3 25 | $109.9B | $24.4B | ||
| Q2 25 | $109.1B | $23.6B | ||
| Q1 25 | $104.3B | $22.2B | ||
| Q4 24 | $101.9B | $22.1B | ||
| Q3 24 | $100.7B | $23.0B | ||
| Q2 24 | $100.6B | $22.0B |
总资产DISGD
| Q1 26 | — | $59.0B | ||
| Q4 25 | $202.1B | $57.2B | ||
| Q3 25 | $197.5B | $57.6B | ||
| Q2 25 | $196.6B | $56.9B | ||
| Q1 25 | $195.8B | $56.6B | ||
| Q4 24 | $197.0B | $55.9B | ||
| Q3 24 | $196.2B | $57.3B | ||
| Q2 24 | $197.8B | $55.4B |
负债/权益比DISGD
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.32× | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | — | — |
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 | $735.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-2.3B | $2.0B |
| 自由现金流率自由现金流/营收 | -8.8% | 14.5% |
| 资本支出强度资本支出/营收 | 11.6% | 1.5% |
| 现金转化率经营现金流/净利润 | 0.31× | — |
| 过去12个月自由现金流最近4个季度 | $7.1B | $6.2B |
8季度趋势，按日历期对齐
经营现金流DISGD
| Q1 26 | — | — | ||
| Q4 25 | $735.0M | $1.6B | ||
| Q3 25 | $4.5B | $2.1B | ||
| Q2 25 | $3.7B | $1.6B | ||
| Q1 25 | $6.8B | $-148.0M | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $5.5B | $1.4B | ||
| Q2 24 | $2.6B | $814.0M |
自由现金流DISGD
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-2.3B | $952.0M | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $4.9B | $-290.0M | ||
| Q4 24 | $739.0M | $1.8B | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $1.2B | $613.0M |
自由现金流率DISGD
| Q1 26 | — | 14.5% | ||
| Q4 25 | -8.8% | 6.6% | ||
| Q3 25 | 11.4% | 14.7% | ||
| Q2 25 | 8.0% | 10.7% | ||
| Q1 25 | 20.7% | -2.4% | ||
| Q4 24 | 3.0% | 13.5% | ||
| Q3 24 | 17.8% | 10.4% | ||
| Q2 24 | 5.3% | 5.1% |
资本支出强度DISGD
| Q1 26 | — | 1.5% | ||
| Q4 25 | 11.6% | 4.2% | ||
| Q3 25 | 8.5% | 1.6% | ||
| Q2 25 | 7.5% | 1.5% | ||
| Q1 25 | 7.9% | 1.2% | ||
| Q4 24 | 10.0% | 2.7% | ||
| Q3 24 | 6.6% | 1.7% | ||
| Q2 24 | 5.9% | 1.7% |
现金转化率DISGD
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | 1.37× | ||
| Q3 25 | 3.41× | 1.99× | ||
| Q2 25 | 0.70× | 1.58× | ||
| Q1 25 | 2.06× | -0.15× | ||
| Q4 24 | 1.25× | 1.88× | ||
| Q3 24 | 12.00× | 1.52× | ||
| Q2 24 | 0.99× | 0.90× |
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
DIS
| Subscription And Affiliate Fees | $7.3B | 28% |
| Sports Segment | $4.9B | 19% |
| Sports Third Party | $4.5B | 17% |
| Products | $2.8B | 11% |
| Resortandvacations | $2.4B | 9% |
| Content Sales | $1.9B | 7% |
| Advertising | $1.8B | 7% |
| Other Revenue | $455.0M | 2% |
| License | $193.0M | 1% |
GD
暂无分部数据
