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伟创力（FLEX）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
伟创力的季度营收约是史丹利百得的1.9倍（$7.1B vs $3.8B），伟创力净利率更高（3.4% vs 1.4%，领先2.0%），伟创力同比增速更快（7.7% vs 0.1%），伟创力自由现金流更多（$272.0M vs $155.3M），过去两年伟创力的营收复合增速更高（25.2% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
FLEX vs SWK — 直观对比
营收规模更大
FLEX
是对方的1.9倍
$3.8B
营收增速更快
FLEX
高出7.5%
0.1%
净利率更高
FLEX
高出2.0%
1.4%
自由现金流更多
FLEX
多$116.7M
$155.3M
两年增速更快
FLEX
近两年复合增速
0.3%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $3.8B |
| 净利润 | $239.0M | $51.4M |
| 毛利率 | 9.6% | 31.4% |
| 营业利润率 | 5.5% | — |
| 净利率 | 3.4% | 1.4% |
| 营收同比 | 7.7% | 0.1% |
| 净利润同比 | -9.1% | -43.6% |
| 每股收益（稀释后） | $0.64 | $0.34 |
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FLEXSWK
| Q4 25 | $7.1B | — | ||
| Q3 25 | $6.8B | $3.8B | ||
| Q2 25 | $6.6B | $3.9B | ||
| Q1 25 | $6.4B | $3.7B | ||
| Q4 24 | $6.6B | $3.7B | ||
| Q3 24 | $6.5B | $3.8B | ||
| Q2 24 | $6.3B | $4.0B | ||
| Q1 24 | $4.5B | $3.9B |
净利润FLEXSWK
| Q4 25 | $239.0M | — | ||
| Q3 25 | $199.0M | $51.4M | ||
| Q2 25 | $192.0M | $101.9M | ||
| Q1 25 | $222.0M | $90.4M | ||
| Q4 24 | $263.0M | $194.9M | ||
| Q3 24 | $214.0M | $91.1M | ||
| Q2 24 | $139.0M | $-11.2M | ||
| Q1 24 | $395.0M | $19.5M |
毛利率FLEXSWK
| Q4 25 | 9.6% | — | ||
| Q3 25 | 9.0% | 31.4% | ||
| Q2 25 | 8.7% | 27.0% | ||
| Q1 25 | 8.8% | 29.9% | ||
| Q4 24 | 9.1% | 30.8% | ||
| Q3 24 | 8.1% | 29.9% | ||
| Q2 24 | 7.5% | 28.4% | ||
| Q1 24 | -0.6% | 28.6% |
营业利润率FLEXSWK
| Q4 25 | 5.5% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 5.1% | 3.4% | ||
| Q3 24 | 4.5% | 10.6% | ||
| Q2 24 | 3.7% | 9.5% | ||
| Q1 24 | -3.6% | 8.3% |
净利率FLEXSWK
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.9% | 1.4% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 3.5% | 2.4% | ||
| Q4 24 | 4.0% | 5.2% | ||
| Q3 24 | 3.3% | 2.4% | ||
| Q2 24 | 2.2% | -0.3% | ||
| Q1 24 | 8.8% | 0.5% |
每股收益（稀释后）FLEXSWK
| Q4 25 | $0.64 | — | ||
| Q3 25 | $0.52 | $0.34 | ||
| Q2 25 | $0.50 | $0.67 | ||
| Q1 25 | $0.56 | $0.60 | ||
| Q4 24 | $0.67 | $1.29 | ||
| Q3 24 | $0.54 | $0.60 | ||
| Q2 24 | $0.34 | $-0.07 | ||
| Q1 24 | $0.91 | $0.13 |
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 | $268.3M |
| 总债务越低越好 | $4.4B | $5.3B |
| 股东权益账面价值 | $5.1B | $9.0B |
| 总资产 | $20.8B | $21.8B |
| 负债/权益比越低杠杆越低 | 0.87× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资FLEXSWK
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.2B | $268.3M | ||
| Q2 25 | $2.2B | $311.8M | ||
| Q1 25 | $2.3B | $344.8M | ||
| Q4 24 | $2.3B | $290.5M | ||
| Q3 24 | $2.6B | $298.7M | ||
| Q2 24 | $2.2B | $318.5M | ||
| Q1 24 | $2.5B | $476.6M |
总债务FLEXSWK
| Q4 25 | $4.4B | — | ||
| Q3 25 | $3.7B | $5.3B | ||
| Q2 25 | $3.7B | $5.6B | ||
| Q1 25 | $3.7B | $5.6B | ||
| Q4 24 | $3.7B | $6.1B | ||
| Q3 24 | $3.7B | $6.1B | ||
| Q2 24 | $3.2B | $6.1B | ||
| Q1 24 | $3.3B | $6.1B |
股东权益FLEXSWK
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $9.0B | ||
| Q2 25 | $5.1B | $9.1B | ||
| Q1 25 | $5.0B | $8.8B | ||
| Q4 24 | $5.0B | $8.7B | ||
| Q3 24 | $5.0B | $8.9B | ||
| Q2 24 | $5.0B | $8.7B | ||
| Q1 24 | $5.3B | $8.9B |
总资产FLEXSWK
| Q4 25 | $20.8B | — | ||
| Q3 25 | $19.5B | $21.8B | ||
| Q2 25 | $19.1B | $22.5B | ||
| Q1 25 | $18.4B | $22.5B | ||
| Q4 24 | $18.3B | $21.8B | ||
| Q3 24 | $18.6B | $22.5B | ||
| Q2 24 | $17.7B | $22.5B | ||
| Q1 24 | $18.3B | $23.9B |
负债/权益比FLEXSWK
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.73× | 0.59× | ||
| Q2 25 | 0.72× | 0.62× | ||
| Q1 25 | 0.74× | 0.63× | ||
| Q4 24 | 0.74× | 0.70× | ||
| Q3 24 | 0.74× | 0.69× | ||
| Q2 24 | 0.64× | 0.70× | ||
| Q1 24 | 0.61× | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $272.0M | $155.3M |
| 自由现金流率自由现金流/营收 | 3.9% | 4.1% |
| 资本支出强度资本支出/营收 | 2.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.76× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $369.6M |
8季度趋势，按日历期对齐
经营现金流FLEXSWK
| Q4 25 | $420.0M | — | ||
| Q3 25 | $453.0M | $221.2M | ||
| Q2 25 | $399.0M | $214.3M | ||
| Q1 25 | $433.0M | $-420.0M | ||
| Q4 24 | $413.0M | $679.1M | ||
| Q3 24 | $319.0M | $285.8M | ||
| Q2 24 | $340.0M | $573.0M | ||
| Q1 24 | $679.0M | $-431.0M |
自由现金流FLEXSWK
| Q4 25 | $272.0M | — | ||
| Q3 25 | $303.0M | $155.3M | ||
| Q2 25 | $266.0M | $134.7M | ||
| Q1 25 | $321.0M | $-485.0M | ||
| Q4 24 | $301.0M | $564.6M | ||
| Q3 24 | $216.0M | $199.3M | ||
| Q2 24 | $229.0M | $485.8M | ||
| Q1 24 | $598.0M | $-496.7M |
自由现金流率FLEXSWK
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.5% | 4.1% | ||
| Q2 25 | 4.0% | 3.4% | ||
| Q1 25 | 5.0% | -13.0% | ||
| Q4 24 | 4.6% | 15.2% | ||
| Q3 24 | 3.3% | 5.3% | ||
| Q2 24 | 3.6% | 12.1% | ||
| Q1 24 | 13.3% | -12.8% |
资本支出强度FLEXSWK
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.2% | 1.8% | ||
| Q2 25 | 2.0% | 2.0% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 1.7% | 3.1% | ||
| Q3 24 | 1.6% | 2.3% | ||
| Q2 24 | 1.8% | 2.2% | ||
| Q1 24 | 1.8% | 1.7% |
现金转化率FLEXSWK
| Q4 25 | 1.76× | — | ||
| Q3 25 | 2.28× | 4.30× | ||
| Q2 25 | 2.08× | 2.10× | ||
| Q1 25 | 1.95× | -4.65× | ||
| Q4 24 | 1.57× | 3.48× | ||
| Q3 24 | 1.49× | 3.14× | ||
| Q2 24 | 2.45× | — | ||
| Q1 24 | 1.72× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
