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EMCOR Group, Inc.（EME）与威富集团（VFC）财务数据对比。点击上方公司名可切换其他公司
EMCOR Group, Inc.的季度营收约是威富集团的1.6倍（$4.5B vs $2.9B），威富集团净利率更高（10.5% vs 9.6%，领先0.8%），EMCOR Group, Inc.同比增速更快（19.7% vs 1.5%），威富集团自由现金流更多（$977.9M vs $492.5M），过去两年EMCOR Group, Inc.的营收复合增速更高（14.7% vs 10.1%）
EMCOR Group Inc.是总部位于美国康涅狄格州诺沃克的综合服务企业，核心业务涵盖工程设计、建筑施工、不动产管理三大板块，可为各行业客户提供相关领域的专业定制化解决方案及全流程配套服务。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
EME vs VFC — 直观对比
营收规模更大
EME
是对方的1.6倍
$2.9B
营收增速更快
EME
高出18.2%
1.5%
净利率更高
VFC
高出0.8%
9.6%
自由现金流更多
VFC
多$485.4M
$492.5M
两年增速更快
EME
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.9B |
| 净利润 | $434.6M | $300.8M |
| 毛利率 | 19.7% | 56.6% |
| 营业利润率 | 12.7% | 10.1% |
| 净利率 | 9.6% | 10.5% |
| 营收同比 | 19.7% | 1.5% |
| 净利润同比 | 48.8% | 79.3% |
| 每股收益（稀释后） | $9.64 | $0.76 |
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EMEVFC
| Q4 25 | $4.5B | $2.9B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.3B | $1.8B | ||
| Q1 25 | $3.9B | $2.0B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $3.7B | $2.8B | ||
| Q2 24 | $3.7B | $1.9B | ||
| Q1 24 | $3.4B | $2.4B |
净利润EMEVFC
| Q4 25 | $434.6M | $300.8M | ||
| Q3 25 | $295.4M | $189.8M | ||
| Q2 25 | $302.2M | $-116.4M | ||
| Q1 25 | $240.7M | $-150.8M | ||
| Q4 24 | $292.2M | $167.8M | ||
| Q3 24 | $270.3M | $52.2M | ||
| Q2 24 | $247.6M | $-258.9M | ||
| Q1 24 | $197.1M | $-418.3M |
毛利率EMEVFC
| Q4 25 | 19.7% | 56.6% | ||
| Q3 25 | 19.4% | 52.2% | ||
| Q2 25 | 19.4% | 53.9% | ||
| Q1 25 | 18.7% | 52.7% | ||
| Q4 24 | 20.1% | 56.3% | ||
| Q3 24 | 19.9% | 52.2% | ||
| Q2 24 | 18.7% | 52.0% | ||
| Q1 24 | 17.2% | 48.4% |
营业利润率EMEVFC
| Q4 25 | 12.7% | 10.1% | ||
| Q3 25 | 9.4% | 11.2% | ||
| Q2 25 | 9.6% | -4.9% | ||
| Q1 25 | 8.2% | 2.2% | ||
| Q4 24 | 10.3% | 8.0% | ||
| Q3 24 | 9.8% | 9.9% | ||
| Q2 24 | 9.1% | -12.6% | ||
| Q1 24 | 7.6% | -15.0% |
净利率EMEVFC
| Q4 25 | 9.6% | 10.5% | ||
| Q3 25 | 6.9% | 6.8% | ||
| Q2 25 | 7.0% | -6.6% | ||
| Q1 25 | 6.2% | -7.5% | ||
| Q4 24 | 7.7% | 5.9% | ||
| Q3 24 | 7.3% | 1.9% | ||
| Q2 24 | 6.8% | -13.6% | ||
| Q1 24 | 5.7% | -17.6% |
每股收益（稀释后）EMEVFC
| Q4 25 | $9.64 | $0.76 | ||
| Q3 25 | $6.57 | $0.48 | ||
| Q2 25 | $6.72 | $-0.30 | ||
| Q1 25 | $5.26 | $-0.37 | ||
| Q4 24 | $6.30 | $0.43 | ||
| Q3 24 | $5.80 | $0.13 | ||
| Q2 24 | $5.25 | $-0.67 | ||
| Q1 24 | $4.17 | $-1.07 |
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 | $1.1B | $1.5B |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $3.7B | $1.8B |
| 总资产 | $9.3B | $10.4B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资EMEVFC
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $655.1M | $419.1M | ||
| Q2 25 | $486.0M | $642.4M | ||
| Q1 25 | $576.7M | $429.4M | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.0B | $492.2M | ||
| Q2 24 | $807.3M | $637.4M | ||
| Q1 24 | $841.0M | $674.6M |
总债务EMEVFC
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.7B |
股东权益EMEVFC
| Q4 25 | $3.7B | $1.8B | ||
| Q3 25 | $3.3B | $1.5B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.7B |
总资产EMEVFC
| Q4 25 | $9.3B | $10.4B | ||
| Q3 25 | $8.6B | $10.6B | ||
| Q2 25 | $8.4B | $10.2B | ||
| Q1 25 | $8.1B | $9.4B | ||
| Q4 24 | $7.7B | $10.6B | ||
| Q3 24 | $7.3B | $12.2B | ||
| Q2 24 | $7.1B | $11.5B | ||
| Q1 24 | $6.7B | $11.6B |
负债/权益比EMEVFC
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× | ||
| Q1 24 | — | 2.84× |
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 | $524.4M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $492.5M | $977.9M |
| 自由现金流率自由现金流/营收 | 10.9% | 34.0% |
| 资本支出强度资本支出/营收 | 0.7% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.21× | 3.36× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $357.6M |
8季度趋势，按日历期对齐
经营现金流EMEVFC
| Q4 25 | $524.4M | $1.0B | ||
| Q3 25 | $475.5M | $-227.0M | ||
| Q2 25 | $193.7M | $-145.5M | ||
| Q1 25 | $108.5M | $-171.1M | ||
| Q4 24 | $469.5M | $918.1M | ||
| Q3 24 | $526.4M | $-301.6M | ||
| Q2 24 | $279.7M | $19.8M | ||
| Q1 24 | $132.3M | — |
自由现金流EMEVFC
| Q4 25 | $492.5M | $977.9M | ||
| Q3 25 | $448.8M | $-253.5M | ||
| Q2 25 | $165.6M | $-173.7M | ||
| Q1 25 | $82.3M | $-193.0M | ||
| Q4 24 | $451.8M | $899.7M | ||
| Q3 24 | $508.7M | $-322.4M | ||
| Q2 24 | $260.4M | $-5.4M | ||
| Q1 24 | $112.0M | — |
自由现金流率EMEVFC
| Q4 25 | 10.9% | 34.0% | ||
| Q3 25 | 10.4% | -9.0% | ||
| Q2 25 | 3.8% | -9.9% | ||
| Q1 25 | 2.1% | -9.6% | ||
| Q4 24 | 12.0% | 31.7% | ||
| Q3 24 | 13.8% | -11.7% | ||
| Q2 24 | 7.1% | -0.3% | ||
| Q1 24 | 3.3% | — |
资本支出强度EMEVFC
| Q4 25 | 0.7% | 1.1% | ||
| Q3 25 | 0.6% | 0.9% | ||
| Q2 25 | 0.7% | 1.6% | ||
| Q1 25 | 0.7% | 1.1% | ||
| Q4 24 | 0.5% | 0.6% | ||
| Q3 24 | 0.5% | 0.8% | ||
| Q2 24 | 0.5% | 1.3% | ||
| Q1 24 | 0.6% | — |
现金转化率EMEVFC
| Q4 25 | 1.21× | 3.36× | ||
| Q3 25 | 1.61× | -1.20× | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 1.61× | 5.47× | ||
| Q3 24 | 1.95× | -5.78× | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 0.67× | — |
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
EME
暂无分部数据
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
