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Delek US Holdings, Inc.（DK）与TransDigm Group（TDG）财务数据对比。点击上方公司名可切换其他公司
Delek US Holdings, Inc.的季度营收约是TransDigm Group的1.1倍（$2.4B vs $2.3B），TransDigm Group净利率更高（19.5% vs 3.2%，领先16.3%），TransDigm Group同比增速更快（13.9% vs 2.3%），TransDigm Group自由现金流更多（$772.0M vs $382.8M），过去两年TransDigm Group的营收复合增速更高（9.1% vs -11.9%）
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
DK vs TDG — 直观对比
营收规模更大
DK
是对方的1.1倍
$2.3B
营收增速更快
TDG
高出11.6%
2.3%
净利率更高
TDG
高出16.3%
3.2%
自由现金流更多
TDG
多$389.2M
$382.8M
两年增速更快
TDG
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $2.3B |
| 净利润 | $78.3M | $445.0M |
| 毛利率 | 9.3% | 59.2% |
| 营业利润率 | 6.8% | 45.6% |
| 净利率 | 3.2% | 19.5% |
| 营收同比 | 2.3% | 13.9% |
| 净利润同比 | 118.9% | -9.7% |
| 每股收益（稀释后） | $1.23 | $6.62 |
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DKTDG
| Q4 25 | $2.4B | $2.3B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.4B | $2.0B | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.1B | $1.9B |
净利润DKTDG
| Q4 25 | $78.3M | $445.0M | ||
| Q3 25 | $178.0M | $610.0M | ||
| Q2 25 | $-106.4M | $492.0M | ||
| Q1 25 | $-172.7M | $479.0M | ||
| Q4 24 | $-413.8M | $493.0M | ||
| Q3 24 | $-76.8M | $468.0M | ||
| Q2 24 | $-37.2M | $461.0M | ||
| Q1 24 | $-32.6M | $403.0M |
毛利率DKTDG
| Q4 25 | 9.3% | 59.2% | ||
| Q3 25 | 13.8% | 60.3% | ||
| Q2 25 | 1.9% | 59.5% | ||
| Q1 25 | -2.4% | 59.3% | ||
| Q4 24 | -5.7% | 61.6% | ||
| Q3 24 | -0.7% | 57.5% | ||
| Q2 24 | 0.5% | 59.6% | ||
| Q1 24 | 3.0% | 60.0% |
营业利润率DKTDG
| Q4 25 | 6.8% | 45.6% | ||
| Q3 25 | 10.2% | 47.6% | ||
| Q2 25 | -1.2% | 46.4% | ||
| Q1 25 | -4.8% | 46.1% | ||
| Q4 24 | -17.0% | 48.6% | ||
| Q3 24 | -4.0% | 43.1% | ||
| Q2 24 | 0.1% | 45.7% | ||
| Q1 24 | 0.9% | 45.2% |
净利率DKTDG
| Q4 25 | 3.2% | 19.5% | ||
| Q3 25 | 6.2% | 25.0% | ||
| Q2 25 | -3.8% | 22.0% | ||
| Q1 25 | -6.5% | 22.3% | ||
| Q4 24 | -17.4% | 24.6% | ||
| Q3 24 | -2.5% | 21.4% | ||
| Q2 24 | -1.1% | 22.5% | ||
| Q1 24 | -1.0% | 21.0% |
每股收益（稀释后）DKTDG
| Q4 25 | $1.23 | $6.62 | ||
| Q3 25 | $2.93 | $7.75 | ||
| Q2 25 | $-1.76 | $8.47 | ||
| Q1 25 | $-2.78 | $8.24 | ||
| Q4 24 | $-6.48 | $7.62 | ||
| Q3 24 | $-1.20 | $5.82 | ||
| Q2 24 | $-0.58 | $7.96 | ||
| Q1 24 | $-0.51 | $6.97 |
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 | $625.8M | $2.5B |
| 总债务越低越好 | $3.2B | $29.2B |
| 股东权益账面价值 | $547.3M | $-9.3B |
| 总资产 | $6.8B | $23.8B |
| 负债/权益比越低杠杆越低 | 5.91× | — |
8季度趋势，按日历期对齐
现金及短期投资DKTDG
| Q4 25 | $625.8M | $2.5B | ||
| Q3 25 | $630.9M | $2.8B | ||
| Q2 25 | $615.5M | $2.8B | ||
| Q1 25 | $623.8M | $2.4B | ||
| Q4 24 | $735.6M | $2.5B | ||
| Q3 24 | $1.0B | $6.3B | ||
| Q2 24 | $657.9M | $3.4B | ||
| Q1 24 | $753.4M | $4.3B |
总债务DKTDG
| Q4 25 | $3.2B | $29.2B | ||
| Q3 25 | $3.2B | $29.2B | ||
| Q2 25 | $3.1B | $24.3B | ||
| Q1 25 | $3.0B | $24.3B | ||
| Q4 24 | $2.8B | $24.3B | ||
| Q3 24 | $2.8B | $24.3B | ||
| Q2 24 | $2.5B | $21.4B | ||
| Q1 24 | $2.5B | $21.3B |
股东权益DKTDG
| Q4 25 | $547.3M | $-9.3B | ||
| Q3 25 | $444.8M | $-9.7B | ||
| Q2 25 | $294.9M | $-5.0B | ||
| Q1 25 | $429.4M | $-5.7B | ||
| Q4 24 | $575.2M | $-6.3B | ||
| Q3 24 | $875.4M | $-6.3B | ||
| Q2 24 | $982.8M | $-2.5B | ||
| Q1 24 | $1.0B | $-3.0B |
总资产DKTDG
| Q4 25 | $6.8B | $23.8B | ||
| Q3 25 | $7.1B | $22.9B | ||
| Q2 25 | $7.1B | $22.7B | ||
| Q1 25 | $6.9B | $21.9B | ||
| Q4 24 | $6.7B | $21.5B | ||
| Q3 24 | $7.0B | $25.6B | ||
| Q2 24 | $6.9B | $21.8B | ||
| Q1 24 | $7.2B | $21.6B |
负债/权益比DKTDG
| Q4 25 | 5.91× | — | ||
| Q3 25 | 7.14× | — | ||
| Q2 25 | 10.51× | — | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 4.81× | — | ||
| Q3 24 | 3.19× | — | ||
| Q2 24 | 2.50× | — | ||
| Q1 24 | 2.41× | — |
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 | $502.8M | $832.0M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $772.0M |
| 自由现金流率自由现金流/营收 | 15.8% | 33.8% |
| 资本支出强度资本支出/营收 | 4.9% | 2.6% |
| 现金转化率经营现金流/净利润 | 6.42× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $6.3M | $1.9B |
8季度趋势，按日历期对齐
经营现金流DKTDG
| Q4 25 | $502.8M | $832.0M | ||
| Q3 25 | $44.0M | $507.0M | ||
| Q2 25 | $51.4M | $631.0M | ||
| Q1 25 | $-62.4M | $148.0M | ||
| Q4 24 | $-163.5M | $752.0M | ||
| Q3 24 | $-21.6M | $572.0M | ||
| Q2 24 | $-48.4M | $608.0M | ||
| Q1 24 | $166.7M | $229.0M |
自由现金流DKTDG
| Q4 25 | $382.8M | $772.0M | ||
| Q3 25 | $-64.0M | $441.0M | ||
| Q2 25 | $-114.4M | $573.0M | ||
| Q1 25 | $-198.1M | $92.0M | ||
| Q4 24 | $-354.0M | $710.0M | ||
| Q3 24 | $-140.6M | $531.0M | ||
| Q2 24 | $-128.3M | $568.0M | ||
| Q1 24 | $128.4M | $181.0M |
自由现金流率DKTDG
| Q4 25 | 15.8% | 33.8% | ||
| Q3 25 | -2.2% | 18.1% | ||
| Q2 25 | -4.1% | 25.6% | ||
| Q1 25 | -7.5% | 4.3% | ||
| Q4 24 | -14.9% | 35.4% | ||
| Q3 24 | -4.6% | 24.3% | ||
| Q2 24 | -3.9% | 27.8% | ||
| Q1 24 | 4.1% | 9.4% |
资本支出强度DKTDG
| Q4 25 | 4.9% | 2.6% | ||
| Q3 25 | 3.7% | 2.7% | ||
| Q2 25 | 6.0% | 2.6% | ||
| Q1 25 | 5.1% | 2.6% | ||
| Q4 24 | 8.0% | 2.1% | ||
| Q3 24 | 3.9% | 1.9% | ||
| Q2 24 | 2.4% | 2.0% | ||
| Q1 24 | 1.2% | 2.5% |
现金转化率DKTDG
| Q4 25 | 6.42× | 1.87× | ||
| Q3 25 | 0.25× | 0.83× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.53× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 0.57× |
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
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
