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伊顿公司（ETN）与德事隆（TXT）财务数据对比。点击上方公司名可切换其他公司
伊顿公司的季度营收约是德事隆的1.7倍（$7.1B vs $4.2B），伊顿公司净利率更高（16.0% vs 5.6%，领先10.4%），德事隆同比增速更快（15.6% vs 13.1%），伊顿公司自由现金流更多（$1.6B vs $527.0M），过去两年德事隆的营收复合增速更高（15.4% 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。
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
ETN vs TXT — 直观对比
营收规模更大
ETN
是对方的1.7倍
$4.2B
营收增速更快
TXT
高出2.5%
13.1%
净利率更高
ETN
高出10.4%
5.6%
自由现金流更多
ETN
多$1.0B
$527.0M
两年增速更快
TXT
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $4.2B |
| 净利润 | $1.1B | $235.0M |
| 毛利率 | 36.8% | — |
| 营业利润率 | 18.3% | — |
| 净利率 | 16.0% | 5.6% |
| 营收同比 | 13.1% | 15.6% |
| 净利润同比 | 16.5% | 66.7% |
| 每股收益（稀释后） | $2.90 | — |
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ETNTXT
| Q4 25 | $7.1B | $4.2B | ||
| Q3 25 | $7.0B | $3.6B | ||
| Q2 25 | $7.0B | $3.7B | ||
| Q1 25 | $6.4B | $3.3B | ||
| Q4 24 | $6.2B | $3.6B | ||
| Q3 24 | $6.3B | $3.4B | ||
| Q2 24 | $6.3B | $3.5B | ||
| Q1 24 | $5.9B | $3.1B |
净利润ETNTXT
| Q4 25 | $1.1B | $235.0M | ||
| Q3 25 | $1.0B | $234.0M | ||
| Q2 25 | $982.0M | $245.0M | ||
| Q1 25 | $964.0M | $207.0M | ||
| Q4 24 | $971.0M | $141.0M | ||
| Q3 24 | $1.0B | $223.0M | ||
| Q2 24 | $993.0M | $259.0M | ||
| Q1 24 | $821.0M | $201.0M |
毛利率ETNTXT
| Q4 25 | 36.8% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | 38.4% | — | ||
| Q4 24 | 38.9% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 38.0% | — | ||
| Q1 24 | 37.3% | — |
营业利润率ETNTXT
| Q4 25 | 18.3% | — | ||
| Q3 25 | 18.2% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 18.5% | — | ||
| Q4 24 | 18.7% | 3.6% | ||
| Q3 24 | 19.0% | 7.4% | ||
| Q2 24 | 18.8% | 9.2% | ||
| Q1 24 | 16.8% | 7.6% |
净利率ETNTXT
| Q4 25 | 16.0% | 5.6% | ||
| Q3 25 | 14.5% | 6.5% | ||
| Q2 25 | 14.0% | 6.6% | ||
| Q1 25 | 15.1% | 6.3% | ||
| Q4 24 | 15.6% | 3.9% | ||
| Q3 24 | 15.9% | 6.5% | ||
| Q2 24 | 15.6% | 7.3% | ||
| Q1 24 | 13.8% | 6.4% |
每股收益（稀释后）ETNTXT
| Q4 25 | $2.90 | — | ||
| Q3 25 | $2.59 | — | ||
| Q2 25 | $2.51 | — | ||
| Q1 25 | $2.45 | $1.13 | ||
| Q4 24 | $2.45 | — | ||
| Q3 24 | $2.53 | — | ||
| Q2 24 | $2.48 | — | ||
| Q1 24 | $2.04 | $1.03 |
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 | — |
| 总债务越低越好 | $8.8B | — |
| 股东权益账面价值 | $19.4B | — |
| 总资产 | $41.3B | — |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资ETNTXT
| Q4 25 | $803.0M | — | ||
| Q3 25 | $565.0M | — | ||
| Q2 25 | $584.0M | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.4B | — |
总债务ETNTXT
| Q4 25 | $8.8B | — | ||
| Q3 25 | $8.8B | — | ||
| Q2 25 | $8.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.7B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.2B | — |
股东权益ETNTXT
| Q4 25 | $19.4B | — | ||
| Q3 25 | $18.8B | $7.5B | ||
| Q2 25 | $18.6B | $7.4B | ||
| Q1 25 | $18.5B | $7.3B | ||
| Q4 24 | $18.5B | $7.2B | ||
| Q3 24 | $19.1B | $7.0B | ||
| Q2 24 | $19.2B | $6.9B | ||
| Q1 24 | $19.3B | $6.9B |
总资产ETNTXT
| Q4 25 | $41.3B | — | ||
| Q3 25 | $40.6B | $17.4B | ||
| Q2 25 | $40.5B | $17.1B | ||
| Q1 25 | $39.2B | $16.9B | ||
| Q4 24 | $38.4B | $16.8B | ||
| Q3 24 | $39.2B | $16.5B | ||
| Q2 24 | $39.4B | $16.4B | ||
| Q1 24 | $38.5B | $16.4B |
负债/权益比ETNTXT
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.42× | — |
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 | $700.0M |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $527.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 12.6% |
| 资本支出强度资本支出/营收 | 5.6% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.74× | 2.98× |
| 过去12个月自由现金流最近4个季度 | $3.6B | $929.0M |
8季度趋势，按日历期对齐
经营现金流ETNTXT
| Q4 25 | $2.0B | $700.0M | ||
| Q3 25 | $1.4B | $349.0M | ||
| Q2 25 | $918.0M | $387.0M | ||
| Q1 25 | $238.0M | $-124.0M | ||
| Q4 24 | $1.6B | $446.0M | ||
| Q3 24 | $1.3B | $208.0M | ||
| Q2 24 | $946.0M | $367.0M | ||
| Q1 24 | $475.0M | $-7.0M |
自由现金流ETNTXT
| Q4 25 | $1.6B | $527.0M | ||
| Q3 25 | $1.2B | $273.0M | ||
| Q2 25 | $716.0M | $309.0M | ||
| Q1 25 | $91.0M | $-180.0M | ||
| Q4 24 | $1.3B | $293.0M | ||
| Q3 24 | $1.1B | $137.0M | ||
| Q2 24 | $759.0M | $293.0M | ||
| Q1 24 | $292.0M | $-73.0M |
自由现金流率ETNTXT
| Q4 25 | 22.3% | 12.6% | ||
| Q3 25 | 16.8% | 7.6% | ||
| Q2 25 | 10.2% | 8.3% | ||
| Q1 25 | 1.4% | -5.4% | ||
| Q4 24 | 21.5% | 8.1% | ||
| Q3 24 | 17.7% | 4.0% | ||
| Q2 24 | 12.0% | 8.3% | ||
| Q1 24 | 4.9% | -2.3% |
资本支出强度ETNTXT
| Q4 25 | 5.6% | 4.1% | ||
| Q3 25 | 2.5% | 2.1% | ||
| Q2 25 | 2.9% | 2.1% | ||
| Q1 25 | 2.3% | 1.7% | ||
| Q4 24 | 4.1% | 4.2% | ||
| Q3 24 | 2.9% | 2.1% | ||
| Q2 24 | 2.9% | 2.1% | ||
| Q1 24 | 3.1% | 2.1% |
现金转化率ETNTXT
| Q4 25 | 1.74× | 2.98× | ||
| Q3 25 | 1.34× | 1.49× | ||
| Q2 25 | 0.93× | 1.58× | ||
| Q1 25 | 0.25× | -0.60× | ||
| Q4 24 | 1.64× | 3.16× | ||
| Q3 24 | 1.30× | 0.93× | ||
| Q2 24 | 0.95× | 1.42× | ||
| Q1 24 | 0.58× | -0.03× |
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% |
TXT
| Aircraft | $1.2B | 29% |
| Military Aircraft And Support Programs | $655.0M | 16% |
| Aftermarket Parts And Services | $551.0M | 13% |
| Services | $507.0M | 12% |
| Fuel Systems And Functional Components | $480.0M | 11% |
| Textron Systems | $323.0M | 8% |
| Other | $317.0M | 8% |
| US Government | $119.0M | 3% |
| Finance | $18.0M | 0% |
| Textron E Aviation Segment | $7.0M | 0% |
