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Delek US Holdings, Inc.（DK）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是Delek US Holdings, Inc.的1.2倍（$3.0B vs $2.4B），西部数据净利率更高（61.1% vs 3.2%，领先57.8%），西部数据同比增速更快（31.5% vs 2.3%），过去两年西部数据的营收复合增速更高（-6.6% 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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
DK vs WDC — 直观对比
营收规模更大
WDC
是对方的1.2倍
$2.4B
营收增速更快
WDC
高出29.2%
2.3%
净利率更高
WDC
高出57.8%
3.2%
两年增速更快
WDC
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.0B |
| 净利润 | $78.3M | $1.8B |
| 毛利率 | 9.3% | 45.7% |
| 营业利润率 | 6.8% | 30.1% |
| 净利率 | 3.2% | 61.1% |
| 营收同比 | 2.3% | 31.5% |
| 净利润同比 | 118.9% | 254.2% |
| 每股收益（稀释后） | $1.23 | $4.73 |
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DKWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.4B | $2.8B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.8B | $-1.2B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.4B | $4.3B | ||
| Q3 24 | $3.0B | $4.1B | ||
| Q2 24 | $3.3B | $3.8B |
净利润DKWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $78.3M | $1.2B | ||
| Q3 25 | $178.0M | — | ||
| Q2 25 | $-106.4M | $282.0M | ||
| Q1 25 | $-172.7M | $520.0M | ||
| Q4 24 | $-413.8M | $594.0M | ||
| Q3 24 | $-76.8M | $493.0M | ||
| Q2 24 | $-37.2M | $39.0M |
毛利率DKWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 9.3% | 43.5% | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -2.4% | 39.8% | ||
| Q4 24 | -5.7% | 35.4% | ||
| Q3 24 | -0.7% | 37.9% | ||
| Q2 24 | 0.5% | 35.9% |
营业利润率DKWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 6.8% | 28.1% | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -4.8% | 33.1% | ||
| Q4 24 | -17.0% | 19.9% | ||
| Q3 24 | -4.0% | 18.1% | ||
| Q2 24 | 0.1% | 5.7% |
净利率DKWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 3.2% | 41.9% | ||
| Q3 25 | 6.2% | — | ||
| Q2 25 | -3.8% | -24.4% | ||
| Q1 25 | -6.5% | 22.7% | ||
| Q4 24 | -17.4% | 13.9% | ||
| Q3 24 | -2.5% | 12.0% | ||
| Q2 24 | -1.1% | 1.0% |
每股收益（稀释后）DKWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $1.23 | $3.07 | ||
| Q3 25 | $2.93 | — | ||
| Q2 25 | $-1.76 | $0.72 | ||
| Q1 25 | $-2.78 | $1.42 | ||
| Q4 24 | $-6.48 | $1.63 | ||
| Q3 24 | $-1.20 | $1.35 | ||
| Q2 24 | $-0.58 | $0.15 |
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 | $2.0B |
| 总债务越低越好 | $3.2B | $4.7B |
| 股东权益账面价值 | $547.3M | $7.1B |
| 总资产 | $6.8B | $15.6B |
| 负债/权益比越低杠杆越低 | 5.91× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资DKWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $625.8M | $2.0B | ||
| Q3 25 | $630.9M | — | ||
| Q2 25 | $615.5M | $2.1B | ||
| Q1 25 | $623.8M | $3.5B | ||
| Q4 24 | $735.6M | $2.3B | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $657.9M | $1.9B |
总债务DKWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $3.2B | $4.7B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.1B | $4.7B | ||
| Q1 25 | $3.0B | $7.3B | ||
| Q4 24 | $2.8B | $7.4B | ||
| Q3 24 | $2.8B | $7.4B | ||
| Q2 24 | $2.5B | $7.4B |
股东权益DKWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $547.3M | $5.9B | ||
| Q3 25 | $444.8M | — | ||
| Q2 25 | $294.9M | $5.3B | ||
| Q1 25 | $429.4M | $5.2B | ||
| Q4 24 | $575.2M | $12.1B | ||
| Q3 24 | $875.4M | $11.6B | ||
| Q2 24 | $982.8M | $10.8B |
总资产DKWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $6.8B | $14.4B | ||
| Q3 25 | $7.1B | — | ||
| Q2 25 | $7.1B | $14.0B | ||
| Q1 25 | $6.9B | $16.4B | ||
| Q4 24 | $6.7B | $25.5B | ||
| Q3 24 | $7.0B | $24.8B | ||
| Q2 24 | $6.9B | $24.2B |
负债/权益比DKWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 5.91× | 0.80× | ||
| Q3 25 | 7.14× | — | ||
| Q2 25 | 10.51× | 0.89× | ||
| Q1 25 | 7.07× | 1.42× | ||
| Q4 24 | 4.81× | 0.61× | ||
| Q3 24 | 3.19× | 0.64× | ||
| Q2 24 | 2.50× | 0.69× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $382.8M | — |
| 自由现金流率自由现金流/营收 | 15.8% | — |
| 资本支出强度资本支出/营收 | 4.9% | — |
| 现金转化率经营现金流/净利润 | 6.42× | — |
| 过去12个月自由现金流最近4个季度 | $6.3M | — |
8季度趋势，按日历期对齐
经营现金流DKWDC
| Q1 26 | — | — | ||
| Q4 25 | $502.8M | $672.0M | ||
| Q3 25 | $44.0M | — | ||
| Q2 25 | $51.4M | $746.0M | ||
| Q1 25 | $-62.4M | $508.0M | ||
| Q4 24 | $-163.5M | $403.0M | ||
| Q3 24 | $-21.6M | $34.0M | ||
| Q2 24 | $-48.4M | $366.0M |
自由现金流DKWDC
| Q1 26 | — | — | ||
| Q4 25 | $382.8M | $599.0M | ||
| Q3 25 | $-64.0M | — | ||
| Q2 25 | $-114.4M | $675.0M | ||
| Q1 25 | $-198.1M | $379.0M | ||
| Q4 24 | $-354.0M | $287.0M | ||
| Q3 24 | $-140.6M | $-62.0M | ||
| Q2 24 | $-128.3M | $250.0M |
自由现金流率DKWDC
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 21.3% | ||
| Q3 25 | -2.2% | — | ||
| Q2 25 | -4.1% | -58.5% | ||
| Q1 25 | -7.5% | 16.5% | ||
| Q4 24 | -14.9% | 6.7% | ||
| Q3 24 | -4.6% | -1.5% | ||
| Q2 24 | -3.9% | 6.6% |
资本支出强度DKWDC
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 2.6% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 6.0% | -6.2% | ||
| Q1 25 | 5.1% | 5.6% | ||
| Q4 24 | 8.0% | 2.7% | ||
| Q3 24 | 3.9% | 2.3% | ||
| Q2 24 | 2.4% | 3.1% |
现金转化率DKWDC
| Q1 26 | — | — | ||
| Q4 25 | 6.42× | 0.57× | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | — | 2.65× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 9.38× |
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
