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Ferguson Enterprises Inc.（FERG）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
Ferguson Enterprises Inc.的季度营收约是赛莱默的3.8倍（$8.2B vs $2.1B），赛莱默净利率更高（8.9% vs 7.0%，领先1.9%），Ferguson Enterprises Inc.同比增速更快（5.1% vs 2.7%），过去两年Ferguson Enterprises Inc.的营收复合增速更高（10.6% vs -1.0%）
Ferguson Enterprises Inc.总部位于美国弗吉尼亚州纽波特纽斯，注册地为特拉华州，是美国规模最大的水暖、暖通空调、家电、照明、管材管件、给排水产品分销商。公司95%营收来自美国本土，5%来自加拿大，拥有3.6万家供应商，运营11个区域配送中心、4个主配送中心及近5900个营业网点。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
FERG vs XYL — 直观对比
营收规模更大
FERG
是对方的3.8倍
$2.1B
营收增速更快
FERG
高出2.4%
2.7%
净利率更高
XYL
高出1.9%
7.0%
两年增速更快
FERG
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.2B | $2.1B |
| 净利润 | $570.0M | $189.0M |
| 毛利率 | 30.7% | 37.8% |
| 营业利润率 | 9.4% | 11.5% |
| 净利率 | 7.0% | 8.9% |
| 营收同比 | 5.1% | 2.7% |
| 净利润同比 | 21.3% | 13.2% |
| 每股收益（稀释后） | $2.90 | $0.79 |
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FERGXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $8.2B | $2.4B | ||
| Q3 25 | $8.5B | $2.3B | ||
| Q2 25 | $7.6B | $2.3B | ||
| Q1 25 | $6.9B | $2.1B | ||
| Q4 24 | $7.8B | $2.3B | ||
| Q3 24 | $7.9B | $2.1B | ||
| Q2 24 | $7.3B | $2.2B |
净利润FERGXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $570.0M | $335.0M | ||
| Q3 25 | $700.0M | $227.0M | ||
| Q2 25 | $410.0M | $226.0M | ||
| Q1 25 | $276.0M | $169.0M | ||
| Q4 24 | $470.0M | $326.0M | ||
| Q3 24 | $451.0M | $217.0M | ||
| Q2 24 | $443.0M | $194.0M |
毛利率FERGXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | 30.7% | 38.9% | ||
| Q3 25 | 31.7% | 38.9% | ||
| Q2 25 | 31.0% | 38.8% | ||
| Q1 25 | 29.7% | 37.1% | ||
| Q4 24 | 30.1% | 38.0% | ||
| Q3 24 | 31.0% | 37.3% | ||
| Q2 24 | 30.5% | 37.8% |
营业利润率FERGXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 9.4% | 14.7% | ||
| Q3 25 | 10.9% | 14.7% | ||
| Q2 25 | 8.0% | 13.3% | ||
| Q1 25 | 6.0% | 11.2% | ||
| Q4 24 | 8.6% | 11.8% | ||
| Q3 24 | 10.2% | 13.3% | ||
| Q2 24 | 8.6% | 11.7% |
净利率FERGXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 7.0% | 14.0% | ||
| Q3 25 | 8.2% | 10.0% | ||
| Q2 25 | 5.4% | 9.8% | ||
| Q1 25 | 4.0% | 8.2% | ||
| Q4 24 | 6.0% | 14.5% | ||
| Q3 24 | 5.7% | 10.3% | ||
| Q2 24 | 6.1% | 8.9% |
每股收益（稀释后）FERGXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $2.90 | $1.37 | ||
| Q3 25 | $3.53 | $0.93 | ||
| Q2 25 | $2.07 | $0.93 | ||
| Q1 25 | $1.38 | $0.69 | ||
| Q4 24 | $2.34 | $1.33 | ||
| Q3 24 | $2.23 | $0.89 | ||
| Q2 24 | $2.18 | $0.80 |
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 | $526.0M | $808.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $6.1B | $11.0B |
| 总资产 | $17.7B | $17.0B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资FERGXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $526.0M | $1.5B | ||
| Q3 25 | $674.0M | $1.2B | ||
| Q2 25 | $519.0M | $1.2B | ||
| Q1 25 | $764.0M | $1.1B | ||
| Q4 24 | $601.0M | $1.1B | ||
| Q3 24 | $571.0M | $989.0M | ||
| Q2 24 | — | $815.0M |
总债务FERGXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $4.2B | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | — | — |
股东权益FERGXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $6.1B | $11.5B | ||
| Q3 25 | $5.8B | $11.2B | ||
| Q2 25 | $5.5B | $11.1B | ||
| Q1 25 | $5.5B | $10.8B | ||
| Q4 24 | $5.7B | $10.6B | ||
| Q3 24 | $5.6B | $10.6B | ||
| Q2 24 | $5.5B | $10.3B |
总资产FERGXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $17.7B | $17.6B | ||
| Q3 25 | $17.7B | $17.3B | ||
| Q2 25 | $17.3B | $17.2B | ||
| Q1 25 | $16.5B | $16.6B | ||
| Q4 24 | $16.9B | $16.5B | ||
| Q3 24 | $16.6B | $16.0B | ||
| Q2 24 | — | $15.8B |
负债/权益比FERGXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | 0.72× | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | — | — |
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 | $430.0M | — |
| 自由现金流经营现金流 - 资本支出 | $312.0M | — |
| 自由现金流率自由现金流/营收 | 3.8% | — |
| 资本支出强度资本支出/营收 | 1.4% | 4.2% |
| 现金转化率经营现金流/净利润 | 0.75× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FERGXYL
| Q1 26 | — | — | ||
| Q4 25 | $430.0M | $543.0M | ||
| Q3 25 | $541.0M | $360.0M | ||
| Q2 25 | $682.0M | $305.0M | ||
| Q1 25 | $340.0M | $33.0M | ||
| Q4 24 | $345.0M | $575.0M | ||
| Q3 24 | — | $311.0M | ||
| Q2 24 | — | $288.0M |
自由现金流FERGXYL
| Q1 26 | — | — | ||
| Q4 25 | $312.0M | $460.0M | ||
| Q3 25 | — | $281.0M | ||
| Q2 25 | $605.0M | $207.0M | ||
| Q1 25 | $259.0M | $-38.0M | ||
| Q4 24 | $268.0M | $475.0M | ||
| Q3 24 | — | $237.0M | ||
| Q2 24 | — | $215.0M |
自由现金流率FERGXYL
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 19.2% | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | 7.9% | 9.0% | ||
| Q1 25 | 3.8% | -1.8% | ||
| Q4 24 | 3.4% | 21.1% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 9.9% |
资本支出强度FERGXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 1.4% | 3.5% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | 1.0% | 4.3% | ||
| Q1 25 | 1.2% | 3.4% | ||
| Q4 24 | 1.0% | 4.4% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 3.4% |
现金转化率FERGXYL
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 1.62× | ||
| Q3 25 | 0.77× | 1.59× | ||
| Q2 25 | 1.66× | 1.35× | ||
| Q1 25 | 1.23× | 0.20× | ||
| Q4 24 | 0.73× | 1.76× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | — | 1.48× |
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
FERG
| United States Segment | $7.8B | 95% |
| Other | $412.0M | 5% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
