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都乐（DOLE）与WATSCO INC（WSO）财务数据对比。点击上方公司名可切换其他公司
都乐的季度营收约是WATSCO INC的1.4倍（$2.3B vs $1.6B），WATSCO INC净利率更高（4.5% vs 0.2%，领先4.3%），都乐同比增速更快（10.5% vs -10.0%），WATSCO INC自由现金流更多（$388.5M vs $66.5M），过去两年都乐的营收复合增速更高（3.2% vs 0.4%）
都乐 plc 是一家爱尔兰裔美国农业跨国企业，总部位于爱尔兰都柏林，是全球规模领先的果蔬生产商之一。公司拥有3.85万名全职及季节性员工，在75个国家供应约300种产品，2021年营收达65亿美元。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
DOLE vs WSO — 直观对比
营收规模更大
DOLE
是对方的1.4倍
$1.6B
营收增速更快
DOLE
高出20.5%
-10.0%
净利率更高
WSO
高出4.3%
0.2%
自由现金流更多
WSO
多$322.0M
$66.5M
两年增速更快
DOLE
近两年复合增速
0.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.6B |
| 净利润 | $5.1M | $71.7M |
| 毛利率 | 6.8% | 27.1% |
| 营业利润率 | 1.1% | 6.4% |
| 净利率 | 0.2% | 4.5% |
| 营收同比 | 10.5% | -10.0% |
| 净利润同比 | -64.6% | -25.9% |
| 每股收益（稀释后） | $0.05 | $1.82 |
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DOLEWSO
| Q4 25 | — | $1.6B | ||
| Q3 25 | $2.3B | $2.1B | ||
| Q2 25 | $2.4B | $2.1B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $2.1B | $1.6B |
净利润DOLEWSO
| Q4 25 | — | $71.7M | ||
| Q3 25 | $5.1M | $161.6M | ||
| Q2 25 | $10.0M | $183.6M | ||
| Q1 25 | $38.9M | $80.1M | ||
| Q4 24 | — | $96.8M | ||
| Q3 24 | $14.4M | $171.0M | ||
| Q2 24 | $80.1M | $181.4M | ||
| Q1 24 | $70.1M | $87.0M |
毛利率DOLEWSO
| Q4 25 | — | 27.1% | ||
| Q3 25 | 6.8% | 27.5% | ||
| Q2 25 | 9.0% | 29.3% | ||
| Q1 25 | 8.7% | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | 8.0% | 26.2% | ||
| Q2 24 | 9.4% | 27.1% | ||
| Q1 24 | 9.2% | 27.5% |
营业利润率DOLEWSO
| Q4 25 | — | 6.4% | ||
| Q3 25 | 1.1% | 11.4% | ||
| Q2 25 | 4.3% | 13.2% | ||
| Q1 25 | 3.2% | 7.3% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 2.3% | 11.6% | ||
| Q2 24 | 4.0% | 12.6% | ||
| Q1 24 | 5.3% | 8.1% |
净利率DOLEWSO
| Q4 25 | — | 4.5% | ||
| Q3 25 | 0.2% | 7.8% | ||
| Q2 25 | 0.4% | 8.9% | ||
| Q1 25 | 1.9% | 5.2% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 0.7% | 7.9% | ||
| Q2 24 | 3.8% | 8.5% | ||
| Q1 24 | 3.3% | 5.6% |
每股收益（稀释后）DOLEWSO
| Q4 25 | — | $1.82 | ||
| Q3 25 | $0.05 | $3.98 | ||
| Q2 25 | $0.10 | $4.52 | ||
| Q1 25 | $0.41 | $1.93 | ||
| Q4 24 | — | $2.42 | ||
| Q3 24 | $0.15 | $4.22 | ||
| Q2 24 | $0.84 | $4.49 | ||
| Q1 24 | $0.74 | $2.17 |
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 | $321.0M | $733.3M |
| 总债务越低越好 | — | $361.6M |
| 股东权益账面价值 | $1.4B | $2.8B |
| 总资产 | $4.5B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资DOLEWSO
| Q4 25 | — | $733.3M | ||
| Q3 25 | $321.0M | $524.3M | ||
| Q2 25 | $323.1M | $293.0M | ||
| Q1 25 | $261.0M | $431.8M | ||
| Q4 24 | — | $781.9M | ||
| Q3 24 | $266.4M | $550.0M | ||
| Q2 24 | $225.8M | $424.9M | ||
| Q1 24 | $245.5M | $478.9M |
总债务DOLEWSO
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M | ||
| Q1 24 | — | $306.3M |
股东权益DOLEWSO
| Q4 25 | — | $2.8B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.4B | $2.8B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.4B | $2.6B | ||
| Q1 24 | $1.3B | $2.5B |
总资产DOLEWSO
| Q4 25 | — | $4.4B | ||
| Q3 25 | $4.5B | $4.6B | ||
| Q2 25 | $4.7B | $4.7B | ||
| Q1 25 | $4.5B | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $4.5B | $4.5B | ||
| Q2 24 | $4.4B | $4.4B | ||
| Q1 24 | $4.5B | $4.4B |
负债/权益比DOLEWSO
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $87.4M | $399.8M |
| 自由现金流经营现金流 - 资本支出 | $66.5M | $388.5M |
| 自由现金流率自由现金流/营收 | 2.9% | 24.6% |
| 资本支出强度资本支出/营收 | 0.9% | 0.7% |
| 现金转化率经营现金流/净利润 | 17.12× | 5.57× |
| 过去12个月自由现金流最近4个季度 | $13.7M | $535.1M |
8季度趋势，按日历期对齐
经营现金流DOLEWSO
| Q4 25 | — | $399.8M | ||
| Q3 25 | $87.4M | $354.9M | ||
| Q2 25 | $18.3M | $-7.4M | ||
| Q1 25 | $-78.8M | $-177.6M | ||
| Q4 24 | — | $378.9M | ||
| Q3 24 | $101.0M | $232.8M | ||
| Q2 24 | $40.2M | $57.7M | ||
| Q1 24 | $-35.0M | $103.7M |
自由现金流DOLEWSO
| Q4 25 | — | $388.5M | ||
| Q3 25 | $66.5M | $346.1M | ||
| Q2 25 | $-1.0M | $-14.3M | ||
| Q1 25 | $-131.6M | $-185.2M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | $79.9M | $223.0M | ||
| Q2 24 | $22.8M | $51.3M | ||
| Q1 24 | $-53.2M | $97.9M |
自由现金流率DOLEWSO
| Q4 25 | — | 24.6% | ||
| Q3 25 | 2.9% | 16.7% | ||
| Q2 25 | -0.0% | -0.7% | ||
| Q1 25 | -6.3% | -12.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | 3.9% | 10.3% | ||
| Q2 24 | 1.1% | 2.4% | ||
| Q1 24 | -2.5% | 6.3% |
资本支出强度DOLEWSO
| Q4 25 | — | 0.7% | ||
| Q3 25 | 0.9% | 0.4% | ||
| Q2 25 | 0.8% | 0.3% | ||
| Q1 25 | 2.5% | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 1.0% | 0.5% | ||
| Q2 24 | 0.8% | 0.3% | ||
| Q1 24 | 0.9% | 0.4% |
现金转化率DOLEWSO
| Q4 25 | — | 5.57× | ||
| Q3 25 | 17.12× | 2.20× | ||
| Q2 25 | 1.84× | -0.04× | ||
| Q1 25 | -2.02× | -2.22× | ||
| Q4 24 | — | 3.91× | ||
| Q3 24 | 7.01× | 1.36× | ||
| Q2 24 | 0.50× | 0.32× | ||
| Q1 24 | -0.50× | 1.19× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
