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福特汽车公司（F）与TJX Companies（TJX）财务数据对比。点击上方公司名可切换其他公司
福特汽车公司的季度营收约是TJX Companies的3.0倍（$45.9B vs $15.1B），TJX Companies净利率更高（9.5% vs -24.1%，领先33.6%），TJX Companies同比增速更快（7.5% vs -4.8%），福特汽车公司自由现金流更多（$1.1B vs $1.0B），过去两年福特汽车公司的营收复合增速更高（3.6% vs -4.0%）
福特汽车是总部位于美国密歇根州迪尔伯恩的跨国汽车制造商，由亨利·福特于1903年6月16日创立。公司旗下拥有主营乘用车与商用车的福特品牌，以及高端豪华车品牌林肯，在纽约证券交易所上市，由福特家族实际控股。
TJX Companies是美国跨国折扣百货零售集团，总部位于马萨诸塞州弗雷明汉。1987年作为Zayre集团的子公司成立，1989年完成企业重组后成为Zayre集团的法定承继主体，是全球折扣零售行业的领先企业，业务布局覆盖全球多个主要市场。
F vs TJX — 直观对比
营收规模更大
F
是对方的3.0倍
$15.1B
营收增速更快
TJX
高出12.3%
-4.8%
净利率更高
TJX
高出33.6%
-24.1%
自由现金流更多
F
多$99.0M
$1.0B
两年增速更快
F
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $45.9B | $15.1B |
| 净利润 | $-11.1B | $1.4B |
| 毛利率 | -12.5% | 32.6% |
| 营业利润率 | -25.2% | — |
| 净利率 | -24.1% | 9.5% |
| 营收同比 | -4.8% | 7.5% |
| 净利润同比 | -706.0% | 11.2% |
| 每股收益（稀释后） | $-2.77 | $1.28 |
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FTJX
| Q4 25 | $45.9B | $15.1B | ||
| Q3 25 | $50.5B | $14.4B | ||
| Q2 25 | $50.2B | $13.1B | ||
| Q1 25 | $40.7B | $16.4B | ||
| Q4 24 | $48.2B | $14.1B | ||
| Q3 24 | $46.2B | $13.5B | ||
| Q2 24 | $47.8B | $12.5B | ||
| Q1 24 | $42.8B | $16.4B |
净利润FTJX
| Q4 25 | $-11.1B | $1.4B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $-36.0M | $1.0B | ||
| Q1 25 | $471.0M | $1.4B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $892.0M | $1.1B | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $1.3B | $1.4B |
毛利率FTJX
| Q4 25 | -12.5% | 32.6% | ||
| Q3 25 | 14.1% | 30.7% | ||
| Q2 25 | 11.8% | 29.5% | ||
| Q1 25 | 13.5% | 30.5% | ||
| Q4 24 | 14.3% | 31.6% | ||
| Q3 24 | 13.0% | 30.4% | ||
| Q2 24 | 15.3% | 30.0% | ||
| Q1 24 | 14.7% | 29.8% |
营业利润率FTJX
| Q4 25 | -25.2% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.8% | 11.6% | ||
| Q4 24 | 2.6% | 12.3% | ||
| Q3 24 | 1.9% | 10.9% | ||
| Q2 24 | 3.9% | 11.1% | ||
| Q1 24 | 2.9% | 11.2% |
净利率FTJX
| Q4 25 | -24.1% | 9.5% | ||
| Q3 25 | 4.8% | 8.6% | ||
| Q2 25 | -0.1% | 7.9% | ||
| Q1 25 | 1.2% | 8.6% | ||
| Q4 24 | 3.8% | 9.2% | ||
| Q3 24 | 1.9% | 8.2% | ||
| Q2 24 | 3.8% | 8.6% | ||
| Q1 24 | 3.1% | 8.5% |
每股收益（稀释后）FTJX
| Q4 25 | $-2.77 | $1.28 | ||
| Q3 25 | $0.60 | $1.10 | ||
| Q2 25 | $-0.01 | $0.92 | ||
| Q1 25 | $0.12 | $1.23 | ||
| Q4 24 | $0.45 | $1.14 | ||
| Q3 24 | $0.22 | $0.96 | ||
| Q2 24 | $0.46 | $0.93 | ||
| Q1 24 | $0.33 | $1.22 |
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 | $38.5B | $4.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $36.0B | $9.4B |
| 总资产 | $289.2B | $35.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FTJX
| Q4 25 | $38.5B | $4.6B | ||
| Q3 25 | $42.2B | $4.6B | ||
| Q2 25 | $37.5B | $4.3B | ||
| Q1 25 | $35.2B | $5.3B | ||
| Q4 24 | $38.3B | $4.7B | ||
| Q3 24 | $36.9B | $5.3B | ||
| Q2 24 | $34.6B | $5.1B | ||
| Q1 24 | $34.5B | $5.6B |
股东权益FTJX
| Q4 25 | $36.0B | $9.4B | ||
| Q3 25 | $47.4B | $8.9B | ||
| Q2 25 | $45.1B | $8.5B | ||
| Q1 25 | $44.6B | $8.4B | ||
| Q4 24 | $44.8B | $8.2B | ||
| Q3 24 | $44.3B | $7.8B | ||
| Q2 24 | $43.6B | $7.5B | ||
| Q1 24 | $42.9B | $7.3B |
总资产FTJX
| Q4 25 | $289.2B | $35.2B | ||
| Q3 25 | $301.0B | $32.9B | ||
| Q2 25 | $292.7B | $31.9B | ||
| Q1 25 | $284.5B | $31.7B | ||
| Q4 24 | $285.2B | $32.4B | ||
| Q3 24 | $287.0B | $30.6B | ||
| Q2 24 | $276.6B | $29.7B | ||
| Q1 24 | $274.3B | $29.7B |
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 | $3.9B | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $1.0B |
| 自由现金流率自由现金流/营收 | 2.4% | 6.6% |
| 资本支出强度资本支出/营收 | 6.1% | 3.5% |
| 现金转化率经营现金流/净利润 | — | 1.06× |
| 过去12个月自由现金流最近4个季度 | $12.5B | $4.4B |
8季度趋势，按日历期对齐
经营现金流FTJX
| Q4 25 | $3.9B | $1.5B | ||
| Q3 25 | $7.4B | $1.8B | ||
| Q2 25 | $6.3B | $394.0M | ||
| Q1 25 | $3.7B | $2.7B | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $5.5B | $1.6B | ||
| Q2 24 | $5.5B | $737.0M | ||
| Q1 24 | $1.4B | $2.8B |
自由现金流FTJX
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $5.3B | $1.3B | ||
| Q2 25 | $4.2B | $-103.0M | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $530.0M | $624.0M | ||
| Q3 24 | $3.5B | $1.1B | ||
| Q2 24 | $3.4B | $318.0M | ||
| Q1 24 | $-709.0M | $2.4B |
自由现金流率FTJX
| Q4 25 | 2.4% | 6.6% | ||
| Q3 25 | 10.4% | 9.2% | ||
| Q2 25 | 8.4% | -0.8% | ||
| Q1 25 | 4.6% | 13.4% | ||
| Q4 24 | 1.1% | 4.4% | ||
| Q3 24 | 7.6% | 7.9% | ||
| Q2 24 | 7.1% | 2.5% | ||
| Q1 24 | -1.7% | 14.4% |
资本支出强度FTJX
| Q4 25 | 6.1% | 3.5% | ||
| Q3 25 | 4.2% | 3.2% | ||
| Q2 25 | 4.2% | 3.8% | ||
| Q1 25 | 4.5% | 3.1% | ||
| Q4 24 | 5.2% | 3.0% | ||
| Q3 24 | 4.3% | 4.2% | ||
| Q2 24 | 4.4% | 3.4% | ||
| Q1 24 | 4.9% | 2.7% |
现金转化率FTJX
| Q4 25 | — | 1.06× | ||
| Q3 25 | 3.02× | 1.44× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | 7.81× | 1.93× | ||
| Q4 24 | 1.66× | 0.81× | ||
| Q3 24 | 6.17× | 1.48× | ||
| Q2 24 | 3.01× | 0.69× | ||
| Q1 24 | 1.04× | 2.00× |
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
F
| Ford Blue | $26.2B | 57% |
| Ford Pro | $14.9B | 33% |
| Financingincome | $2.1B | 5% |
| Ford Model E | $1.3B | 3% |
| Service And Other Revenue | $917.0M | 2% |
| Extended Service Contracts | $455.0M | 1% |
| Leasingincome | $79.0M | 0% |
| Insuranceincome | $44.0M | 0% |
TJX
| Marmaxx | $9.0B | 60% |
| Home Goods | $2.5B | 17% |
| TJX International | $2.0B | 14% |
| Tjx Canada | $1.5B | 10% |
