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艾默生（EMR）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是艾默生的1.7倍（$7.4B vs $4.3B），美国合众银行净利率更高（27.8% vs 13.9%，领先13.8%），美国合众银行同比增速更快（5.1% vs 4.1%），过去两年美国合众银行的营收复合增速更高（4.7% vs -0.3%）
艾默生是总部位于美国密苏里州圣路易斯的世界500强跨国企业，业务涵盖工业自动化设备、暖通控制系统、精密测量仪器的研发制造，同时面向工业、商业、消费级市场提供工程服务及对应软件工程解决方案。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
EMR vs USB — 直观对比
营收规模更大
USB
是对方的1.7倍
$4.3B
营收增速更快
USB
高出1.0%
4.1%
净利率更高
USB
高出13.8%
13.9%
两年增速更快
USB
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $7.4B |
| 净利润 | $605.0M | $2.0B |
| 毛利率 | 53.2% | — |
| 营业利润率 | 17.8% | 34.4% |
| 净利率 | 13.9% | 27.8% |
| 营收同比 | 4.1% | 5.1% |
| 净利润同比 | 3.4% | 23.0% |
| 每股收益（稀释后） | $1.07 | $1.26 |
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EMRUSB
| Q4 25 | $4.3B | $7.4B | ||
| Q3 25 | $4.9B | $7.3B | ||
| Q2 25 | $4.6B | $7.0B | ||
| Q1 25 | $4.4B | $7.0B | ||
| Q4 24 | $4.2B | $7.0B | ||
| Q3 24 | $4.6B | $6.9B | ||
| Q2 24 | $4.4B | $6.9B | ||
| Q1 24 | $4.4B | $6.7B |
净利润EMRUSB
| Q4 25 | $605.0M | $2.0B | ||
| Q3 25 | $637.0M | $2.0B | ||
| Q2 25 | $586.0M | $1.8B | ||
| Q1 25 | $485.0M | $1.7B | ||
| Q4 24 | $585.0M | $1.7B | ||
| Q3 24 | $996.0M | $1.7B | ||
| Q2 24 | $329.0M | $1.6B | ||
| Q1 24 | $501.0M | $1.3B |
毛利率EMRUSB
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.9% | — | ||
| Q2 25 | 52.6% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.5% | — | ||
| Q3 24 | 51.3% | — | ||
| Q2 24 | 52.8% | — | ||
| Q1 24 | 52.2% | — |
营业利润率EMRUSB
| Q4 25 | 17.8% | 34.4% | ||
| Q3 25 | 16.4% | 34.5% | ||
| Q2 25 | 16.1% | 32.7% | ||
| Q1 25 | 14.2% | 31.0% | ||
| Q4 24 | 18.6% | 30.1% | ||
| Q3 24 | 14.7% | 30.2% | ||
| Q2 24 | 10.4% | 29.9% | ||
| Q1 24 | 16.2% | 24.9% |
净利率EMRUSB
| Q4 25 | 13.9% | 27.8% | ||
| Q3 25 | 13.1% | 27.3% | ||
| Q2 25 | 12.9% | 25.9% | ||
| Q1 25 | 10.9% | 24.6% | ||
| Q4 24 | 14.0% | 23.7% | ||
| Q3 24 | 21.6% | 25.0% | ||
| Q2 24 | 7.5% | 23.3% | ||
| Q1 24 | 11.4% | 19.6% |
每股收益（稀释后）EMRUSB
| Q4 25 | $1.07 | $1.26 | ||
| Q3 25 | $1.12 | $1.22 | ||
| Q2 25 | $1.04 | $1.11 | ||
| Q1 25 | $0.86 | $1.03 | ||
| Q4 24 | $1.02 | $1.01 | ||
| Q3 24 | $1.74 | $1.03 | ||
| Q2 24 | $0.57 | $0.97 | ||
| Q1 24 | $0.87 | $0.78 |
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 | — | — |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $20.3B | $65.2B |
| 总资产 | $41.9B | $692.3B |
| 负债/权益比越低杠杆越低 | 0.37× | — |
8季度趋势，按日历期对齐
总债务EMRUSB
| Q4 25 | $7.6B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.3B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $6.6B | — | ||
| Q3 24 | $7.7B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.6B | — |
股东权益EMRUSB
| Q4 25 | $20.3B | $65.2B | ||
| Q3 25 | $20.3B | $63.3B | ||
| Q2 25 | $19.9B | $61.4B | ||
| Q1 25 | $19.2B | $60.1B | ||
| Q4 24 | $20.5B | $58.6B | ||
| Q3 24 | $21.6B | $58.9B | ||
| Q2 24 | $20.8B | $56.4B | ||
| Q1 24 | $20.9B | $55.6B |
总资产EMRUSB
| Q4 25 | $41.9B | $692.3B | ||
| Q3 25 | $42.0B | $695.4B | ||
| Q2 25 | $42.5B | $686.4B | ||
| Q1 25 | $42.0B | $676.5B | ||
| Q4 24 | $42.6B | $678.3B | ||
| Q3 24 | $44.2B | $686.5B | ||
| Q2 24 | $45.6B | $680.1B | ||
| Q1 24 | $46.4B | $683.6B |
负债/权益比EMRUSB
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.42× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.36× | — |
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 | $699.0M | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $602.0M | — |
| 自由现金流率自由现金流/营收 | 13.9% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.16× | 1.39× |
| 过去12个月自由现金流最近4个季度 | $4.4B | — |
8季度趋势，按日历期对齐
经营现金流EMRUSB
| Q4 25 | $699.0M | $2.8B | ||
| Q3 25 | $3.1B | $3.4B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $241.0M | $-285.0M | ||
| Q4 24 | $777.0M | $4.8B | ||
| Q3 24 | $3.3B | $972.0M | ||
| Q2 24 | $1.1B | $2.9B | ||
| Q1 24 | $743.0M | $2.7B |
自由现金流EMRUSB
| Q4 25 | $602.0M | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $977.0M | — | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $694.0M | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $998.0M | — | ||
| Q1 24 | $661.0M | — |
自由现金流率EMRUSB
| Q4 25 | 13.9% | — | ||
| Q3 25 | 54.9% | — | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 63.1% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 15.1% | — |
资本支出强度EMRUSB
| Q4 25 | 2.2% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 1.9% | — |
现金转化率EMRUSB
| Q4 25 | 1.16× | 1.39× | ||
| Q3 25 | 4.86× | 1.69× | ||
| Q2 25 | 1.83× | 1.12× | ||
| Q1 25 | 0.50× | -0.17× | ||
| Q4 24 | 1.33× | 2.87× | ||
| Q3 24 | 3.35× | 0.57× | ||
| Q2 24 | 3.31× | 1.79× | ||
| Q1 24 | 1.48× | 2.02× |
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
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
USB
暂无分部数据
