vs
DNOW Inc.（DNOW）与德康医疗（DXCM）财务数据对比。点击上方公司名可切换其他公司
德康医疗的季度营收约是DNOW Inc.的1.3倍（$1.3B vs $959.0M），德康医疗净利率更高（21.2% vs -16.8%，领先38.0%），DNOW Inc.同比增速更快（68.0% vs 21.6%），过去两年DNOW Inc.的营收复合增速更高（30.5% vs 12.0%）
DNOW Inc.（商业名称DistributionNOW）是一家全球工业及能源产品分销商，提供供应链管理、库存优化、技术支持服务，主营油气、可再生能源、制造、建筑等领域所需的零部件、设备及耗材，业务覆盖北美、欧洲及亚太地区。
德康医疗是美国跨国医疗保健企业，专注于研发、生产及销售糖尿病管理领域的连续血糖监测（CGM）系列系统。其全球总部及研发中心位于美国加利福尼亚州圣地亚哥，生产基地分布于美国亚利桑那州梅萨、马来西亚峇都交湾及爱尔兰戈尔韦郡阿斯里。
DNOW vs DXCM — 直观对比
营收规模更大
DXCM
是对方的1.3倍
$959.0M
营收增速更快
DNOW
高出46.4%
21.6%
净利率更高
DXCM
高出38.0%
-16.8%
两年增速更快
DNOW
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $1.3B |
| 净利润 | $-161.0M | $267.3M |
| 毛利率 | 5.2% | 62.9% |
| 营业利润率 | -19.6% | 25.6% |
| 净利率 | -16.8% | 21.2% |
| 营收同比 | 68.0% | 21.6% |
| 净利润同比 | -905.0% | 153.6% |
| 每股收益（稀释后） | $-1.42 | $0.67 |
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DNOWDXCM
| Q1 26 | — | $1.3B | ||
| Q4 25 | $959.0M | $1.3B | ||
| Q3 25 | $634.0M | $1.2B | ||
| Q2 25 | $628.0M | $1.2B | ||
| Q1 25 | $599.0M | $1.0B | ||
| Q4 24 | $571.0M | $1.1B | ||
| Q3 24 | $606.0M | $994.2M | ||
| Q2 24 | $633.0M | $1.0B |
净利润DNOWDXCM
| Q1 26 | — | $267.3M | ||
| Q4 25 | $-161.0M | $267.3M | ||
| Q3 25 | $25.0M | $283.8M | ||
| Q2 25 | $25.0M | $179.8M | ||
| Q1 25 | $22.0M | $105.4M | ||
| Q4 24 | $20.0M | $151.7M | ||
| Q3 24 | $13.0M | $134.6M | ||
| Q2 24 | $24.0M | $143.5M |
毛利率DNOWDXCM
| Q1 26 | — | 62.9% | ||
| Q4 25 | 5.2% | 62.9% | ||
| Q3 25 | 22.9% | 60.5% | ||
| Q2 25 | 22.9% | 59.5% | ||
| Q1 25 | 23.2% | 56.9% | ||
| Q4 24 | 22.6% | 58.9% | ||
| Q3 24 | 22.3% | 59.7% | ||
| Q2 24 | 21.8% | 62.4% |
营业利润率DNOWDXCM
| Q1 26 | — | 25.6% | ||
| Q4 25 | -19.6% | 25.6% | ||
| Q3 25 | 5.2% | 20.1% | ||
| Q2 25 | 5.1% | 18.4% | ||
| Q1 25 | 5.0% | 12.9% | ||
| Q4 24 | 4.4% | 17.0% | ||
| Q3 24 | 3.8% | 15.3% | ||
| Q2 24 | 5.2% | 15.7% |
净利率DNOWDXCM
| Q1 26 | — | 21.2% | ||
| Q4 25 | -16.8% | 21.2% | ||
| Q3 25 | 3.9% | 23.5% | ||
| Q2 25 | 4.0% | 15.5% | ||
| Q1 25 | 3.7% | 10.2% | ||
| Q4 24 | 3.5% | 13.6% | ||
| Q3 24 | 2.1% | 13.5% | ||
| Q2 24 | 3.8% | 14.3% |
每股收益（稀释后）DNOWDXCM
| Q1 26 | — | $0.67 | ||
| Q4 25 | $-1.42 | $0.67 | ||
| Q3 25 | $0.23 | $0.70 | ||
| Q2 25 | $0.23 | $0.45 | ||
| Q1 25 | $0.20 | $0.27 | ||
| Q4 24 | $0.19 | $0.37 | ||
| Q3 24 | $0.12 | $0.34 | ||
| Q2 24 | $0.21 | $0.35 |
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 | $164.0M | $917.7M |
| 总债务越低越好 | $411.0M | — |
| 股东权益账面价值 | $2.2B | $2.7B |
| 总资产 | $3.9B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.18× | — |
8季度趋势，按日历期对齐
现金及短期投资DNOWDXCM
| Q1 26 | — | $917.7M | ||
| Q4 25 | $164.0M | $917.7M | ||
| Q3 25 | $266.0M | $1.8B | ||
| Q2 25 | $232.0M | $1.2B | ||
| Q1 25 | $219.0M | $904.9M | ||
| Q4 24 | $256.0M | $606.1M | ||
| Q3 24 | $261.0M | $621.2M | ||
| Q2 24 | $197.0M | $939.2M |
总债务DNOWDXCM
| Q1 26 | — | — | ||
| Q4 25 | $411.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DNOWDXCM
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.2B | $2.7B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $2.4B |
总资产DNOWDXCM
| Q1 26 | — | $6.3B | ||
| Q4 25 | $3.9B | $6.3B | ||
| Q3 25 | $1.7B | $7.5B | ||
| Q2 25 | $1.7B | $7.3B | ||
| Q1 25 | $1.7B | $6.8B | ||
| Q4 24 | $1.6B | $6.5B | ||
| Q3 24 | $1.6B | $6.4B | ||
| Q2 24 | $1.6B | $6.8B |
负债/权益比DNOWDXCM
| Q1 26 | — | — | ||
| Q4 25 | 0.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| 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 | $83.0M | — |
| 自由现金流经营现金流 - 资本支出 | $76.0M | — |
| 自由现金流率自由现金流/营收 | 7.9% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $134.0M | — |
8季度趋势，按日历期对齐
经营现金流DNOWDXCM
| Q1 26 | — | — | ||
| Q4 25 | $83.0M | $294.0M | ||
| Q3 25 | $43.0M | $659.9M | ||
| Q2 25 | $45.0M | $303.0M | ||
| Q1 25 | $-16.0M | $183.8M | ||
| Q4 24 | $122.0M | $301.4M | ||
| Q3 24 | $74.0M | $199.5M | ||
| Q2 24 | $21.0M | $279.4M |
自由现金流DNOWDXCM
| Q1 26 | — | — | ||
| Q4 25 | $76.0M | $192.1M | ||
| Q3 25 | $39.0M | $579.4M | ||
| Q2 25 | $41.0M | $208.9M | ||
| Q1 25 | $-22.0M | $96.8M | ||
| Q4 24 | $119.0M | $176.8M | ||
| Q3 24 | $72.0M | $88.3M | ||
| Q2 24 | $18.0M | $213.3M |
自由现金流率DNOWDXCM
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 15.3% | ||
| Q3 25 | 6.2% | 47.9% | ||
| Q2 25 | 6.5% | 18.1% | ||
| Q1 25 | -3.7% | 9.3% | ||
| Q4 24 | 20.8% | 15.9% | ||
| Q3 24 | 11.9% | 8.9% | ||
| Q2 24 | 2.8% | 21.2% |
资本支出强度DNOWDXCM
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 8.1% | ||
| Q3 25 | 0.6% | 6.7% | ||
| Q2 25 | 0.6% | 8.1% | ||
| Q1 25 | 1.0% | 8.4% | ||
| Q4 24 | 0.5% | 11.2% | ||
| Q3 24 | 0.3% | 11.2% | ||
| Q2 24 | 0.5% | 6.6% |
现金转化率DNOWDXCM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.10× | ||
| Q3 25 | 1.72× | 2.33× | ||
| Q2 25 | 1.80× | 1.69× | ||
| Q1 25 | -0.73× | 1.74× | ||
| Q4 24 | 6.10× | 1.99× | ||
| Q3 24 | 5.69× | 1.48× | ||
| Q2 24 | 0.88× | 1.95× |
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
DNOW
| Pipelines | $455.0M | 47% |
| Downstream And Industrial | $196.0M | 20% |
| Gas Utilities | $183.0M | 19% |
| Oil And Gas Properties | $105.0M | 11% |
| Other | $20.0M | 2% |
DXCM
暂无分部数据
