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DYCOM INDUSTRIES INC（DY）与西湖化学（WLK）财务数据对比。点击上方公司名可切换其他公司
西湖化学的季度营收约是DYCOM INDUSTRIES INC的1.7倍（$2.5B vs $1.5B），DYCOM INDUSTRIES INC净利率更高（7.3% vs -21.5%，领先28.8%），DYCOM INDUSTRIES INC同比增速更快（14.1% vs -10.9%），DYCOM INDUSTRIES INC自由现金流更多（$164.8M vs $-16.0M），过去两年DYCOM INDUSTRIES INC的营收复合增速更高（23.5% vs -7.7%）
本公司是美国基础设施服务供应商，服务覆盖电力、管道、工业、通信四大领域，具备各类网络基础设施的规划、设计、安装、项目管理、运维及抢修能力。成立以来坚持内生增长，同时已收购150多家电力承包行业企业，为众多大型电力领域客户提供专业服务。
西湖化学是国际知名的石化产品、聚合物及装配式建筑产品生产商与供应商，产品广泛应用于各类消费及工业市场。公司1986年由赵廷箴创立，是美国最大的低密度聚乙烯生产商，位列福布斯全球2000强，业务分为烯烃和乙烯基两大板块，具备乙烯基产品下游一体化生产能力。
DY vs WLK — 直观对比
营收规模更大
WLK
是对方的1.7倍
$1.5B
营收增速更快
DY
高出25.0%
-10.9%
净利率更高
DY
高出28.8%
-21.5%
自由现金流更多
DY
多$180.8M
$-16.0M
两年增速更快
DY
近两年复合增速
-7.7%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.5B |
| 净利润 | $106.4M | $-544.0M |
| 毛利率 | — | 3.4% |
| 营业利润率 | 9.7% | -26.5% |
| 净利率 | 7.3% | -21.5% |
| 营收同比 | 14.1% | -10.9% |
| 净利润同比 | 52.4% | -7871.4% |
| 每股收益（稀释后） | $3.63 | $-4.22 |
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DYWLK
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.3B | $3.0B | ||
| Q1 25 | $1.1B | $2.8B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.1B | $3.2B | ||
| Q1 24 | $952.5M | $3.0B |
净利润DYWLK
| Q4 25 | $106.4M | $-544.0M | ||
| Q3 25 | $97.5M | $-782.0M | ||
| Q2 25 | $61.0M | $-142.0M | ||
| Q1 25 | $32.7M | $-40.0M | ||
| Q4 24 | $69.8M | $7.0M | ||
| Q3 24 | $68.4M | $108.0M | ||
| Q2 24 | $62.6M | $313.0M | ||
| Q1 24 | $23.4M | $174.0M |
毛利率DYWLK
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 15.7% |
营业利润率DYWLK
| Q4 25 | 9.7% | -26.5% | ||
| Q3 25 | 9.5% | -27.0% | ||
| Q2 25 | 6.2% | -3.7% | ||
| Q1 25 | 4.1% | -1.1% | ||
| Q4 24 | 7.2% | 2.3% | ||
| Q3 24 | 7.9% | 5.8% | ||
| Q2 24 | 6.8% | 12.7% | ||
| Q1 24 | 3.3% | 7.5% |
净利率DYWLK
| Q4 25 | 7.3% | -21.5% | ||
| Q3 25 | 7.1% | -27.6% | ||
| Q2 25 | 4.9% | -4.8% | ||
| Q1 25 | 3.0% | -1.4% | ||
| Q4 24 | 5.5% | 0.2% | ||
| Q3 24 | 5.7% | 3.5% | ||
| Q2 24 | 5.5% | 9.8% | ||
| Q1 24 | 2.5% | 5.8% |
每股收益（稀释后）DYWLK
| Q4 25 | $3.63 | $-4.22 | ||
| Q3 25 | $3.33 | $-6.06 | ||
| Q2 25 | $2.09 | $-1.11 | ||
| Q1 25 | $1.11 | $-0.31 | ||
| Q4 24 | $2.37 | $0.07 | ||
| Q3 24 | $2.32 | $0.83 | ||
| Q2 24 | $2.12 | $2.40 | ||
| Q1 24 | $0.79 | $1.34 |
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 | $110.1M | $2.7B |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $1.5B | $8.8B |
| 总资产 | $3.3B | $20.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资DYWLK
| Q4 25 | $110.1M | $2.7B | ||
| Q3 25 | $28.5M | $1.9B | ||
| Q2 25 | $16.1M | $2.1B | ||
| Q1 25 | $92.7M | $2.3B | ||
| Q4 24 | $15.3M | $2.9B | ||
| Q3 24 | $19.6M | $2.9B | ||
| Q2 24 | $26.1M | $3.0B | ||
| Q1 24 | $101.1M | $3.1B |
总债务DYWLK
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
股东权益DYWLK
| Q4 25 | $1.5B | $8.8B | ||
| Q3 25 | $1.4B | $9.4B | ||
| Q2 25 | $1.3B | $10.3B | ||
| Q1 25 | $1.2B | $10.4B | ||
| Q4 24 | $1.2B | $10.5B | ||
| Q3 24 | $1.2B | $10.7B | ||
| Q2 24 | $1.1B | $10.6B | ||
| Q1 24 | $1.1B | $10.3B |
总资产DYWLK
| Q4 25 | $3.3B | $20.0B | ||
| Q3 25 | $3.2B | $19.8B | ||
| Q2 25 | $3.1B | $20.8B | ||
| Q1 25 | $2.9B | $20.7B | ||
| Q4 24 | $3.1B | $20.8B | ||
| Q3 24 | $2.8B | $21.1B | ||
| Q2 24 | $2.6B | $21.1B | ||
| Q1 24 | $2.5B | $21.0B |
负债/权益比DYWLK
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $220.0M | $225.0M |
| 自由现金流经营现金流 - 资本支出 | $164.8M | $-16.0M |
| 自由现金流率自由现金流/营收 | 11.4% | -0.6% |
| 资本支出强度资本支出/营收 | 3.8% | 9.5% |
| 现金转化率经营现金流/净利润 | 2.07× | — |
| 过去12个月自由现金流最近4个季度 | $296.8M | $-530.0M |
8季度趋势，按日历期对齐
经营现金流DYWLK
| Q4 25 | $220.0M | $225.0M | ||
| Q3 25 | $57.4M | $182.0M | ||
| Q2 25 | $-54.0M | $135.0M | ||
| Q1 25 | $328.2M | $-77.0M | ||
| Q4 24 | $65.8M | $434.0M | ||
| Q3 24 | $-7.5M | $474.0M | ||
| Q2 24 | $-37.4M | $237.0M | ||
| Q1 24 | $325.1M | $169.0M |
自由现金流DYWLK
| Q4 25 | $164.8M | $-16.0M | ||
| Q3 25 | $5.8M | $-57.0M | ||
| Q2 25 | $-133.5M | $-132.0M | ||
| Q1 25 | $259.7M | $-325.0M | ||
| Q4 24 | $-8.8M | $149.0M | ||
| Q3 24 | $-72.9M | $254.0M | ||
| Q2 24 | $-79.4M | $6.0M | ||
| Q1 24 | $267.7M | $-103.0M |
自由现金流率DYWLK
| Q4 25 | 11.4% | -0.6% | ||
| Q3 25 | 0.4% | -2.0% | ||
| Q2 25 | -10.6% | -4.5% | ||
| Q1 25 | 23.9% | -11.4% | ||
| Q4 24 | -0.7% | 5.2% | ||
| Q3 24 | -6.1% | 8.1% | ||
| Q2 24 | -6.9% | 0.2% | ||
| Q1 24 | 28.1% | -3.5% |
资本支出强度DYWLK
| Q4 25 | 3.8% | 9.5% | ||
| Q3 25 | 3.8% | 8.4% | ||
| Q2 25 | 6.3% | 9.0% | ||
| Q1 25 | 6.3% | 8.7% | ||
| Q4 24 | 5.9% | 10.0% | ||
| Q3 24 | 5.4% | 7.1% | ||
| Q2 24 | 3.7% | 7.2% | ||
| Q1 24 | 6.0% | 9.1% |
现金转化率DYWLK
| Q4 25 | 2.07× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | -0.88× | — | ||
| Q1 25 | 10.05× | — | ||
| Q4 24 | 0.94× | 62.00× | ||
| Q3 24 | -0.11× | 4.39× | ||
| Q2 24 | -0.60× | 0.76× | ||
| Q1 24 | 13.88× | 0.97× |
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
DY
暂无分部数据
WLK
| Performance Materials | $930.0M | 37% |
| Housing Products | $767.0M | 30% |
| Essential Materials | $702.0M | 28% |
| Infrastructure Products | $134.0M | 5% |
