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伟创力（FLEX）与林德（LIN）财务数据对比。点击上方公司名可切换其他公司
林德的季度营收约是伟创力的1.2倍（$8.8B vs $7.1B），林德净利率更高（17.5% vs 3.4%，领先14.1%），伟创力同比增速更快（7.7% vs 5.8%），林德自由现金流更多（$1.6B vs $272.0M），过去两年伟创力的营收复合增速更高（25.2% vs 4.0%）
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
FLEX vs LIN — 直观对比
营收规模更大
LIN
是对方的1.2倍
$7.1B
营收增速更快
FLEX
高出1.8%
5.8%
净利率更高
LIN
高出14.1%
3.4%
自由现金流更多
LIN
多$1.3B
$272.0M
两年增速更快
FLEX
近两年复合增速
4.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $8.8B |
| 净利润 | $239.0M | $1.5B |
| 毛利率 | 9.6% | — |
| 营业利润率 | 5.5% | 23.0% |
| 净利率 | 3.4% | 17.5% |
| 营收同比 | 7.7% | 5.8% |
| 净利润同比 | -9.1% | -11.3% |
| 每股收益（稀释后） | $0.64 | $3.28 |
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FLEXLIN
| Q4 25 | $7.1B | $8.8B | ||
| Q3 25 | $6.8B | $8.6B | ||
| Q2 25 | $6.6B | $8.5B | ||
| Q1 25 | $6.4B | $8.1B | ||
| Q4 24 | $6.6B | $8.3B | ||
| Q3 24 | $6.5B | $8.4B | ||
| Q2 24 | $6.3B | $8.3B | ||
| Q1 24 | $4.5B | $8.1B |
净利润FLEXLIN
| Q4 25 | $239.0M | $1.5B | ||
| Q3 25 | $199.0M | $1.9B | ||
| Q2 25 | $192.0M | $1.8B | ||
| Q1 25 | $222.0M | $1.7B | ||
| Q4 24 | $263.0M | $1.7B | ||
| Q3 24 | $214.0M | $1.6B | ||
| Q2 24 | $139.0M | $1.7B | ||
| Q1 24 | $395.0M | $1.6B |
毛利率FLEXLIN
| Q4 25 | 9.6% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | -0.6% | — |
营业利润率FLEXLIN
| Q4 25 | 5.5% | 23.0% | ||
| Q3 25 | 4.4% | 27.5% | ||
| Q2 25 | 4.7% | 27.7% | ||
| Q1 25 | 4.8% | 26.9% | ||
| Q4 24 | 5.1% | 27.4% | ||
| Q3 24 | 4.5% | 25.0% | ||
| Q2 24 | 3.7% | 26.4% | ||
| Q1 24 | -3.6% | 25.9% |
净利率FLEXLIN
| Q4 25 | 3.4% | 17.5% | ||
| Q3 25 | 2.9% | 22.4% | ||
| Q2 25 | 2.9% | 20.8% | ||
| Q1 25 | 3.5% | 20.6% | ||
| Q4 24 | 4.0% | 20.8% | ||
| Q3 24 | 3.3% | 18.5% | ||
| Q2 24 | 2.2% | 20.1% | ||
| Q1 24 | 8.8% | 20.1% |
每股收益（稀释后）FLEXLIN
| Q4 25 | $0.64 | $3.28 | ||
| Q3 25 | $0.52 | $4.09 | ||
| Q2 25 | $0.50 | $3.73 | ||
| Q1 25 | $0.56 | $3.51 | ||
| Q4 24 | $0.67 | $3.61 | ||
| Q3 24 | $0.54 | $3.22 | ||
| Q2 24 | $0.34 | $3.44 | ||
| Q1 24 | $0.91 | $3.35 |
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 | $3.1B | $5.1B |
| 总债务越低越好 | $4.4B | $20.7B |
| 股东权益账面价值 | $5.1B | $38.2B |
| 总资产 | $20.8B | $86.8B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资FLEXLIN
| Q4 25 | $3.1B | $5.1B | ||
| Q3 25 | $2.2B | $4.5B | ||
| Q2 25 | $2.2B | $4.8B | ||
| Q1 25 | $2.3B | $5.3B | ||
| Q4 24 | $2.3B | $4.8B | ||
| Q3 24 | $2.6B | $5.2B | ||
| Q2 24 | $2.2B | $4.6B | ||
| Q1 24 | $2.5B | $4.8B |
总债务FLEXLIN
| Q4 25 | $4.4B | $20.7B | ||
| Q3 25 | $3.7B | $18.6B | ||
| Q2 25 | $3.7B | $19.7B | ||
| Q1 25 | $3.7B | $17.6B | ||
| Q4 24 | $3.7B | $15.3B | ||
| Q3 24 | $3.7B | $17.5B | ||
| Q2 24 | $3.2B | $16.9B | ||
| Q1 24 | $3.3B | $15.2B |
股东权益FLEXLIN
| Q4 25 | $5.1B | $38.2B | ||
| Q3 25 | $5.0B | $38.6B | ||
| Q2 25 | $5.1B | $38.5B | ||
| Q1 25 | $5.0B | $38.0B | ||
| Q4 24 | $5.0B | $38.1B | ||
| Q3 24 | $5.0B | $39.2B | ||
| Q2 24 | $5.0B | $38.2B | ||
| Q1 24 | $5.3B | $38.8B |
总资产FLEXLIN
| Q4 25 | $20.8B | $86.8B | ||
| Q3 25 | $19.5B | $86.0B | ||
| Q2 25 | $19.1B | $86.1B | ||
| Q1 25 | $18.4B | $82.7B | ||
| Q4 24 | $18.3B | $80.1B | ||
| Q3 24 | $18.6B | $82.5B | ||
| Q2 24 | $17.7B | $80.2B | ||
| Q1 24 | $18.3B | $80.3B |
负债/权益比FLEXLIN
| Q4 25 | 0.87× | 0.54× | ||
| Q3 25 | 0.73× | 0.48× | ||
| Q2 25 | 0.72× | 0.51× | ||
| Q1 25 | 0.74× | 0.46× | ||
| Q4 24 | 0.74× | 0.40× | ||
| Q3 24 | 0.74× | 0.45× | ||
| Q2 24 | 0.64× | 0.44× | ||
| Q1 24 | 0.61× | 0.39× |
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 | $420.0M | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $272.0M | $1.6B |
| 自由现金流率自由现金流/营收 | 3.9% | 17.9% |
| 资本支出强度资本支出/营收 | 2.1% | 16.6% |
| 现金转化率经营现金流/净利润 | 1.76× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $5.1B |
8季度趋势，按日历期对齐
经营现金流FLEXLIN
| Q4 25 | $420.0M | $3.0B | ||
| Q3 25 | $453.0M | $2.9B | ||
| Q2 25 | $399.0M | $2.2B | ||
| Q1 25 | $433.0M | $2.2B | ||
| Q4 24 | $413.0M | $2.8B | ||
| Q3 24 | $319.0M | $2.7B | ||
| Q2 24 | $340.0M | $1.9B | ||
| Q1 24 | $679.0M | $2.0B |
自由现金流FLEXLIN
| Q4 25 | $272.0M | $1.6B | ||
| Q3 25 | $303.0M | $1.7B | ||
| Q2 25 | $266.0M | $954.0M | ||
| Q1 25 | $321.0M | $891.0M | ||
| Q4 24 | $301.0M | $1.6B | ||
| Q3 24 | $216.0M | $1.7B | ||
| Q2 24 | $229.0M | $796.0M | ||
| Q1 24 | $598.0M | $906.0M |
自由现金流率FLEXLIN
| Q4 25 | 3.9% | 17.9% | ||
| Q3 25 | 4.5% | 19.4% | ||
| Q2 25 | 4.0% | 11.2% | ||
| Q1 25 | 5.0% | 11.0% | ||
| Q4 24 | 4.6% | 18.8% | ||
| Q3 24 | 3.3% | 19.9% | ||
| Q2 24 | 3.6% | 9.6% | ||
| Q1 24 | 13.3% | 11.2% |
资本支出强度FLEXLIN
| Q4 25 | 2.1% | 16.6% | ||
| Q3 25 | 2.2% | 14.8% | ||
| Q2 25 | 2.0% | 14.8% | ||
| Q1 25 | 1.8% | 15.7% | ||
| Q4 24 | 1.7% | 15.1% | ||
| Q3 24 | 1.6% | 12.8% | ||
| Q2 24 | 1.8% | 13.7% | ||
| Q1 24 | 1.8% | 12.9% |
现金转化率FLEXLIN
| Q4 25 | 1.76× | 1.98× | ||
| Q3 25 | 2.28× | 1.53× | ||
| Q2 25 | 2.08× | 1.25× | ||
| Q1 25 | 1.95× | 1.29× | ||
| Q4 24 | 1.57× | 1.63× | ||
| Q3 24 | 1.49× | 1.76× | ||
| Q2 24 | 2.45× | 1.16× | ||
| Q1 24 | 1.72× | 1.20× |
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
FLEX
| Flex Reliability Solutions FRS | $3.2B | 46% |
| Transferred At Point In Time | $2.7B | 38% |
| Transferred Over Time | $1.1B | 16% |
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
