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DNOW Inc.（DNOW）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
惠好的季度营收约是DNOW Inc.的1.6倍（$1.5B vs $959.0M），惠好净利率更高（4.8% vs -16.8%，领先21.6%），DNOW Inc.同比增速更快（68.0% vs -9.8%），DNOW Inc.自由现金流更多（$76.0M vs $-128.0M），过去两年DNOW Inc.的营收复合增速更高（30.5% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
DNOW vs WY — 直观对比
营收规模更大
WY
是对方的1.6倍
$959.0M
营收增速更快
DNOW
高出77.7%
-9.8%
净利率更高
WY
高出21.6%
-16.8%
自由现金流更多
DNOW
多$204.0M
$-128.0M
两年增速更快
DNOW
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $1.5B |
| 净利润 | $-161.0M | $74.0M |
| 毛利率 | 5.2% | 10.4% |
| 营业利润率 | -19.6% | 16.3% |
| 净利率 | -16.8% | 4.8% |
| 营收同比 | 68.0% | -9.8% |
| 净利润同比 | -905.0% | -8.6% |
| 每股收益（稀释后） | $-1.42 | $0.11 |
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DNOWWY
| Q4 25 | $959.0M | $1.5B | ||
| Q3 25 | $634.0M | $1.7B | ||
| Q2 25 | $628.0M | $1.9B | ||
| Q1 25 | $599.0M | $1.8B | ||
| Q4 24 | $571.0M | $1.7B | ||
| Q3 24 | $606.0M | $1.7B | ||
| Q2 24 | $633.0M | $1.9B | ||
| Q1 24 | $563.0M | $1.8B |
净利润DNOWWY
| Q4 25 | $-161.0M | $74.0M | ||
| Q3 25 | $25.0M | $80.0M | ||
| Q2 25 | $25.0M | $87.0M | ||
| Q1 25 | $22.0M | $83.0M | ||
| Q4 24 | $20.0M | $81.0M | ||
| Q3 24 | $13.0M | $28.0M | ||
| Q2 24 | $24.0M | $173.0M | ||
| Q1 24 | $21.0M | $114.0M |
毛利率DNOWWY
| Q4 25 | 5.2% | 10.4% | ||
| Q3 25 | 22.9% | 11.9% | ||
| Q2 25 | 22.9% | 17.3% | ||
| Q1 25 | 23.2% | 19.0% | ||
| Q4 24 | 22.6% | 17.8% | ||
| Q3 24 | 22.3% | 14.9% | ||
| Q2 24 | 21.8% | 20.8% | ||
| Q1 24 | 22.9% | 19.8% |
营业利润率DNOWWY
| Q4 25 | -19.6% | 16.3% | ||
| Q3 25 | 5.2% | 7.2% | ||
| Q2 25 | 5.1% | 9.4% | ||
| Q1 25 | 5.0% | 10.2% | ||
| Q4 24 | 4.4% | 8.3% | ||
| Q3 24 | 3.8% | 4.6% | ||
| Q2 24 | 5.2% | 13.9% | ||
| Q1 24 | 5.0% | 10.9% |
净利率DNOWWY
| Q4 25 | -16.8% | 4.8% | ||
| Q3 25 | 3.9% | 4.7% | ||
| Q2 25 | 4.0% | 4.6% | ||
| Q1 25 | 3.7% | 4.7% | ||
| Q4 24 | 3.5% | 4.7% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 3.8% | 8.9% | ||
| Q1 24 | 3.7% | 6.3% |
每股收益（稀释后）DNOWWY
| Q4 25 | $-1.42 | $0.11 | ||
| Q3 25 | $0.23 | $0.11 | ||
| Q2 25 | $0.23 | $0.12 | ||
| Q1 25 | $0.20 | $0.11 | ||
| Q4 24 | $0.19 | $0.10 | ||
| Q3 24 | $0.12 | $0.04 | ||
| Q2 24 | $0.21 | $0.24 | ||
| Q1 24 | $0.19 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | $411.0M | $5.6B |
| 股东权益账面价值 | $2.2B | $9.4B |
| 总资产 | $3.9B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.18× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资DNOWWY
| Q4 25 | $164.0M | $464.0M | ||
| Q3 25 | $266.0M | $401.0M | ||
| Q2 25 | $232.0M | $592.0M | ||
| Q1 25 | $219.0M | $560.0M | ||
| Q4 24 | $256.0M | $684.0M | ||
| Q3 24 | $261.0M | $877.0M | ||
| Q2 24 | $197.0M | $997.0M | ||
| Q1 24 | $188.0M | $871.0M |
总债务DNOWWY
| Q4 25 | $411.0M | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DNOWWY
| Q4 25 | $2.2B | $9.4B | ||
| Q3 25 | $1.2B | $9.4B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.1B | $9.6B | ||
| Q4 24 | $1.1B | $9.7B | ||
| Q3 24 | $1.1B | $9.9B | ||
| Q2 24 | $1.1B | $10.0B | ||
| Q1 24 | $1.1B | $10.1B |
总资产DNOWWY
| Q4 25 | $3.9B | $16.6B | ||
| Q3 25 | $1.7B | $16.7B | ||
| Q2 25 | $1.7B | $16.5B | ||
| Q1 25 | $1.7B | $16.5B | ||
| Q4 24 | $1.6B | $16.5B | ||
| Q3 24 | $1.6B | $16.7B | ||
| Q2 24 | $1.6B | $16.8B | ||
| Q1 24 | $1.6B | $16.8B |
负债/权益比DNOWWY
| Q4 25 | 0.18× | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 0.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $76.0M | $-128.0M |
| 自由现金流率自由现金流/营收 | 7.9% | -8.3% |
| 资本支出强度资本支出/营收 | 0.7% | 0.9% |
| 现金转化率经营现金流/净利润 | — | -1.54× |
| 过去12个月自由现金流最近4个季度 | $134.0M | $511.0M |
8季度趋势，按日历期对齐
经营现金流DNOWWY
| Q4 25 | $83.0M | $-114.0M | ||
| Q3 25 | $43.0M | $210.0M | ||
| Q2 25 | $45.0M | $396.0M | ||
| Q1 25 | $-16.0M | $70.0M | ||
| Q4 24 | $122.0M | $218.0M | ||
| Q3 24 | $74.0M | $234.0M | ||
| Q2 24 | $21.0M | $432.0M | ||
| Q1 24 | $81.0M | $124.0M |
自由现金流DNOWWY
| Q4 25 | $76.0M | $-128.0M | ||
| Q3 25 | $39.0M | $203.0M | ||
| Q2 25 | $41.0M | $388.0M | ||
| Q1 25 | $-22.0M | $48.0M | ||
| Q4 24 | $119.0M | $205.0M | ||
| Q3 24 | $72.0M | $226.0M | ||
| Q2 24 | $18.0M | $423.0M | ||
| Q1 24 | $80.0M | $102.0M |
自由现金流率DNOWWY
| Q4 25 | 7.9% | -8.3% | ||
| Q3 25 | 6.2% | 11.8% | ||
| Q2 25 | 6.5% | 20.6% | ||
| Q1 25 | -3.7% | 2.7% | ||
| Q4 24 | 20.8% | 12.0% | ||
| Q3 24 | 11.9% | 13.4% | ||
| Q2 24 | 2.8% | 21.8% | ||
| Q1 24 | 14.2% | 5.7% |
资本支出强度DNOWWY
| Q4 25 | 0.7% | 0.9% | ||
| Q3 25 | 0.6% | 0.4% | ||
| Q2 25 | 0.6% | 0.4% | ||
| Q1 25 | 1.0% | 1.2% | ||
| Q4 24 | 0.5% | 0.8% | ||
| Q3 24 | 0.3% | 0.5% | ||
| Q2 24 | 0.5% | 0.5% | ||
| Q1 24 | 0.2% | 1.2% |
现金转化率DNOWWY
| Q4 25 | — | -1.54× | ||
| Q3 25 | 1.72× | 2.63× | ||
| Q2 25 | 1.80× | 4.55× | ||
| Q1 25 | -0.73× | 0.84× | ||
| Q4 24 | 6.10× | 2.69× | ||
| Q3 24 | 5.69× | 8.36× | ||
| Q2 24 | 0.88× | 2.50× | ||
| Q1 24 | 3.86× | 1.09× |
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% |
WY
暂无分部数据
