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伊顿公司（ETN）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是伊顿公司的1.7倍（$12.3B vs $7.1B），高通净利率更高（24.5% vs 16.0%，领先8.5%），伊顿公司同比增速更快（13.1% vs 5.0%），高通自由现金流更多（$4.4B vs $1.6B），过去两年高通的营收复合增速更高（14.2% vs 9.0%）
伊顿公司是一家总部位于爱尔兰的跨国电力管理企业，核心行政中心设在美国俄亥俄州比奇伍德，全球员工规模超过8.5万名，旗下产品销往全球175个以上国家和地区的客户市场。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
ETN vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.7倍
$7.1B
营收增速更快
ETN
高出8.1%
5.0%
净利率更高
QCOM
高出8.5%
16.0%
自由现金流更多
QCOM
多$2.8B
$1.6B
两年增速更快
QCOM
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $12.3B |
| 净利润 | $1.1B | $3.0B |
| 毛利率 | 36.8% | 54.6% |
| 营业利润率 | 18.3% | 27.5% |
| 净利率 | 16.0% | 24.5% |
| 营收同比 | 13.1% | 5.0% |
| 净利润同比 | 16.5% | -5.5% |
| 每股收益（稀释后） | $2.90 | $2.78 |
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ETNQCOM
| Q4 25 | $7.1B | $12.3B | ||
| Q3 25 | $7.0B | $11.3B | ||
| Q2 25 | $7.0B | $10.4B | ||
| Q1 25 | $6.4B | $11.0B | ||
| Q4 24 | $6.2B | $11.7B | ||
| Q3 24 | $6.3B | $10.2B | ||
| Q2 24 | $6.3B | $9.4B | ||
| Q1 24 | $5.9B | $9.4B |
净利润ETNQCOM
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $1.0B | $-3.1B | ||
| Q2 25 | $982.0M | $2.7B | ||
| Q1 25 | $964.0M | $2.8B | ||
| Q4 24 | $971.0M | $3.2B | ||
| Q3 24 | $1.0B | $2.9B | ||
| Q2 24 | $993.0M | $2.1B | ||
| Q1 24 | $821.0M | $2.3B |
毛利率ETNQCOM
| Q4 25 | 36.8% | 54.6% | ||
| Q3 25 | 38.3% | 55.3% | ||
| Q2 25 | 37.0% | 55.6% | ||
| Q1 25 | 38.4% | 55.0% | ||
| Q4 24 | 38.9% | 55.8% | ||
| Q3 24 | 38.6% | 56.4% | ||
| Q2 24 | 38.0% | 55.6% | ||
| Q1 24 | 37.3% | 56.3% |
营业利润率ETNQCOM
| Q4 25 | 18.3% | 27.5% | ||
| Q3 25 | 18.2% | 25.9% | ||
| Q2 25 | 16.9% | 26.6% | ||
| Q1 25 | 18.5% | 28.4% | ||
| Q4 24 | 18.7% | 30.5% | ||
| Q3 24 | 19.0% | 25.2% | ||
| Q2 24 | 18.8% | 23.6% | ||
| Q1 24 | 16.8% | 24.9% |
净利率ETNQCOM
| Q4 25 | 16.0% | 24.5% | ||
| Q3 25 | 14.5% | -27.7% | ||
| Q2 25 | 14.0% | 25.7% | ||
| Q1 25 | 15.1% | 25.6% | ||
| Q4 24 | 15.6% | 27.3% | ||
| Q3 24 | 15.9% | 28.5% | ||
| Q2 24 | 15.6% | 22.7% | ||
| Q1 24 | 13.8% | 24.8% |
每股收益（稀释后）ETNQCOM
| Q4 25 | $2.90 | $2.78 | ||
| Q3 25 | $2.59 | $-2.77 | ||
| Q2 25 | $2.51 | $2.43 | ||
| Q1 25 | $2.45 | $2.52 | ||
| Q4 24 | $2.45 | $2.83 | ||
| Q3 24 | $2.53 | $2.57 | ||
| Q2 24 | $2.48 | $1.88 | ||
| Q1 24 | $2.04 | $2.06 |
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 | $803.0M | $11.8B |
| 总债务越低越好 | $8.8B | $14.8B |
| 股东权益账面价值 | $19.4B | $23.1B |
| 总资产 | $41.3B | $53.0B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资ETNQCOM
| Q4 25 | $803.0M | $11.8B | ||
| Q3 25 | $565.0M | $10.2B | ||
| Q2 25 | $584.0M | $10.0B | ||
| Q1 25 | $1.9B | $13.8B | ||
| Q4 24 | $2.1B | $14.3B | ||
| Q3 24 | $2.0B | $13.3B | ||
| Q2 24 | $2.8B | $13.0B | ||
| Q1 24 | $2.4B | $13.9B |
总债务ETNQCOM
| Q4 25 | $8.8B | $14.8B | ||
| Q3 25 | $8.8B | $14.8B | ||
| Q2 25 | $8.8B | $14.8B | ||
| Q1 25 | $7.6B | $13.3B | ||
| Q4 24 | $8.5B | $13.2B | ||
| Q3 24 | $8.7B | $13.3B | ||
| Q2 24 | $8.6B | $13.2B | ||
| Q1 24 | $8.2B | $14.5B |
股东权益ETNQCOM
| Q4 25 | $19.4B | $23.1B | ||
| Q3 25 | $18.8B | $21.2B | ||
| Q2 25 | $18.6B | $27.2B | ||
| Q1 25 | $18.5B | $27.7B | ||
| Q4 24 | $18.5B | $26.9B | ||
| Q3 24 | $19.1B | $26.3B | ||
| Q2 24 | $19.2B | $24.7B | ||
| Q1 24 | $19.3B | $24.5B |
总资产ETNQCOM
| Q4 25 | $41.3B | $53.0B | ||
| Q3 25 | $40.6B | $50.1B | ||
| Q2 25 | $40.5B | $54.9B | ||
| Q1 25 | $39.2B | $55.4B | ||
| Q4 24 | $38.4B | $55.6B | ||
| Q3 24 | $39.2B | $55.2B | ||
| Q2 24 | $39.4B | $52.7B | ||
| Q1 24 | $38.5B | $53.2B |
负债/权益比ETNQCOM
| Q4 25 | 0.45× | 0.64× | ||
| Q3 25 | 0.46× | 0.70× | ||
| Q2 25 | 0.47× | 0.54× | ||
| Q1 25 | 0.41× | 0.48× | ||
| Q4 24 | 0.46× | 0.49× | ||
| Q3 24 | 0.45× | 0.51× | ||
| Q2 24 | 0.45× | 0.53× | ||
| Q1 24 | 0.42× | 0.59× |
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 | $2.0B | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $4.4B |
| 自由现金流率自由现金流/营收 | 22.3% | 36.0% |
| 资本支出强度资本支出/营收 | 5.6% | 4.5% |
| 现金转化率经营现金流/净利润 | 1.74× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $3.6B | $12.9B |
8季度趋势，按日历期对齐
经营现金流ETNQCOM
| Q4 25 | $2.0B | $5.0B | ||
| Q3 25 | $1.4B | $4.0B | ||
| Q2 25 | $918.0M | $2.9B | ||
| Q1 25 | $238.0M | $2.6B | ||
| Q4 24 | $1.6B | $4.6B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $946.0M | $3.1B | ||
| Q1 24 | $475.0M | $3.6B |
自由现金流ETNQCOM
| Q4 25 | $1.6B | $4.4B | ||
| Q3 25 | $1.2B | $3.6B | ||
| Q2 25 | $716.0M | $2.6B | ||
| Q1 25 | $91.0M | $2.3B | ||
| Q4 24 | $1.3B | $4.3B | ||
| Q3 24 | $1.1B | $2.4B | ||
| Q2 24 | $759.0M | $2.7B | ||
| Q1 24 | $292.0M | $3.4B |
自由现金流率ETNQCOM
| Q4 25 | 22.3% | 36.0% | ||
| Q3 25 | 16.8% | 31.8% | ||
| Q2 25 | 10.2% | 24.9% | ||
| Q1 25 | 1.4% | 21.3% | ||
| Q4 24 | 21.5% | 36.9% | ||
| Q3 24 | 17.7% | 23.3% | ||
| Q2 24 | 12.0% | 28.4% | ||
| Q1 24 | 4.9% | 35.9% |
资本支出强度ETNQCOM
| Q4 25 | 5.6% | 4.5% | ||
| Q3 25 | 2.5% | 3.6% | ||
| Q2 25 | 2.9% | 2.8% | ||
| Q1 25 | 2.3% | 1.9% | ||
| Q4 24 | 4.1% | 2.4% | ||
| Q3 24 | 2.9% | 2.5% | ||
| Q2 24 | 2.9% | 4.1% | ||
| Q1 24 | 3.1% | 2.0% |
现金转化率ETNQCOM
| Q4 25 | 1.74× | 1.65× | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.93× | 1.08× | ||
| Q1 25 | 0.25× | 0.91× | ||
| Q4 24 | 1.64× | 1.44× | ||
| Q3 24 | 1.30× | 0.91× | ||
| Q2 24 | 0.95× | 1.43× | ||
| Q1 24 | 0.58× | 1.53× |
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
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
