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伟创力（FLEX）与Block, Inc.（XYZ）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Block, Inc.的1.1倍（$7.1B vs $6.3B），伟创力净利率更高（3.4% vs 1.9%，领先1.5%），伟创力同比增速更快（7.7% vs 3.6%），Block, Inc.自由现金流更多（$579.8M vs $272.0M），过去两年伟创力的营收复合增速更高（25.2% vs 2.4%）
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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
FLEX vs XYZ — 直观对比
营收规模更大
FLEX
是对方的1.1倍
$6.3B
营收增速更快
FLEX
高出4.0%
3.6%
净利率更高
FLEX
高出1.5%
1.9%
自由现金流更多
XYZ
多$307.8M
$272.0M
两年增速更快
FLEX
近两年复合增速
2.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $6.3B |
| 净利润 | $239.0M | $115.8M |
| 毛利率 | 9.6% | 45.9% |
| 营业利润率 | 5.5% | 7.8% |
| 净利率 | 3.4% | 1.9% |
| 营收同比 | 7.7% | 3.6% |
| 净利润同比 | -9.1% | -94.1% |
| 每股收益（稀释后） | $0.64 | $0.19 |
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FLEXXYZ
| Q4 25 | $7.1B | $6.3B | ||
| Q3 25 | $6.8B | $6.1B | ||
| Q2 25 | $6.6B | $6.1B | ||
| Q1 25 | $6.4B | $5.8B | ||
| Q4 24 | $6.6B | $6.0B | ||
| Q3 24 | $6.5B | $6.0B | ||
| Q2 24 | $6.3B | $6.2B | ||
| Q1 24 | $4.5B | $6.0B |
净利润FLEXXYZ
| Q4 25 | $239.0M | $115.8M | ||
| Q3 25 | $199.0M | $461.5M | ||
| Q2 25 | $192.0M | $538.5M | ||
| Q1 25 | $222.0M | $189.9M | ||
| Q4 24 | $263.0M | $1.9B | ||
| Q3 24 | $214.0M | $283.8M | ||
| Q2 24 | $139.0M | $195.3M | ||
| Q1 24 | $395.0M | $472.0M |
毛利率FLEXXYZ
| Q4 25 | 9.6% | 45.9% | ||
| Q3 25 | 9.0% | 43.5% | ||
| Q2 25 | 8.7% | 41.9% | ||
| Q1 25 | 8.8% | 39.7% | ||
| Q4 24 | 9.1% | 38.3% | ||
| Q3 24 | 8.1% | 37.6% | ||
| Q2 24 | 7.5% | 36.3% | ||
| Q1 24 | -0.6% | 35.2% |
营业利润率FLEXXYZ
| Q4 25 | 5.5% | 7.8% | ||
| Q3 25 | 4.4% | 6.7% | ||
| Q2 25 | 4.7% | 8.0% | ||
| Q1 25 | 4.8% | 5.7% | ||
| Q4 24 | 5.1% | 0.2% | ||
| Q3 24 | 4.5% | 5.4% | ||
| Q2 24 | 3.7% | 5.0% | ||
| Q1 24 | -3.6% | 4.2% |
净利率FLEXXYZ
| Q4 25 | 3.4% | 1.9% | ||
| Q3 25 | 2.9% | 7.5% | ||
| Q2 25 | 2.9% | 8.9% | ||
| Q1 25 | 3.5% | 3.3% | ||
| Q4 24 | 4.0% | 32.3% | ||
| Q3 24 | 3.3% | 4.7% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 8.8% | 7.9% |
每股收益（稀释后）FLEXXYZ
| Q4 25 | $0.64 | $0.19 | ||
| Q3 25 | $0.52 | $0.74 | ||
| Q2 25 | $0.50 | $0.87 | ||
| Q1 25 | $0.56 | $0.30 | ||
| Q4 24 | $0.67 | $3.06 | ||
| Q3 24 | $0.54 | $0.45 | ||
| Q2 24 | $0.34 | $0.31 | ||
| Q1 24 | $0.91 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $5.1B | $22.2B |
| 总资产 | $20.8B | $39.5B |
| 负债/权益比越低杠杆越低 | 0.87× | — |
8季度趋势，按日历期对齐
现金及短期投资FLEXXYZ
| Q4 25 | $3.1B | $6.6B | ||
| Q3 25 | $2.2B | $8.3B | ||
| Q2 25 | $2.2B | $6.4B | ||
| Q1 25 | $2.3B | $7.1B | ||
| Q4 24 | $2.3B | $8.1B | ||
| Q3 24 | $2.6B | $8.3B | ||
| Q2 24 | $2.2B | $7.8B | ||
| Q1 24 | $2.5B | $5.8B |
总债务FLEXXYZ
| Q4 25 | $4.4B | — | ||
| Q3 25 | $3.7B | $7.3B | ||
| Q2 25 | $3.7B | $5.1B | ||
| Q1 25 | $3.7B | $5.1B | ||
| Q4 24 | $3.7B | $6.1B | ||
| Q3 24 | $3.7B | $6.1B | ||
| Q2 24 | $3.2B | $6.1B | ||
| Q1 24 | $3.3B | $4.1B |
股东权益FLEXXYZ
| Q4 25 | $5.1B | $22.2B | ||
| Q3 25 | $5.0B | $22.5B | ||
| Q2 25 | $5.1B | $22.2B | ||
| Q1 25 | $5.0B | $21.5B | ||
| Q4 24 | $5.0B | $21.3B | ||
| Q3 24 | $5.0B | $19.9B | ||
| Q2 24 | $5.0B | $19.3B | ||
| Q1 24 | $5.3B | $19.0B |
总资产FLEXXYZ
| Q4 25 | $20.8B | $39.5B | ||
| Q3 25 | $19.5B | $39.2B | ||
| Q2 25 | $19.1B | $36.9B | ||
| Q1 25 | $18.4B | $36.4B | ||
| Q4 24 | $18.3B | $36.8B | ||
| Q3 24 | $18.6B | $36.4B | ||
| Q2 24 | $17.7B | $37.5B | ||
| Q1 24 | $18.3B | $35.6B |
负债/权益比FLEXXYZ
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.73× | 0.32× | ||
| Q2 25 | 0.72× | 0.23× | ||
| Q1 25 | 0.74× | 0.24× | ||
| Q4 24 | 0.74× | 0.29× | ||
| Q3 24 | 0.74× | 0.31× | ||
| Q2 24 | 0.64× | 0.32× | ||
| Q1 24 | 0.61× | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $272.0M | $579.8M |
| 自由现金流率自由现金流/营收 | 3.9% | 9.3% |
| 资本支出强度资本支出/营收 | 2.1% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.76× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $2.4B |
8季度趋势，按日历期对齐
经营现金流FLEXXYZ
| Q4 25 | $420.0M | $621.0M | ||
| Q3 25 | $453.0M | $1.5B | ||
| Q2 25 | $399.0M | $374.3M | ||
| Q1 25 | $433.0M | $133.3M | ||
| Q4 24 | $413.0M | $13.8M | ||
| Q3 24 | $319.0M | $684.8M | ||
| Q2 24 | $340.0M | $519.4M | ||
| Q1 24 | $679.0M | $489.4M |
自由现金流FLEXXYZ
| Q4 25 | $272.0M | $579.8M | ||
| Q3 25 | $303.0M | $1.4B | ||
| Q2 25 | $266.0M | $343.0M | ||
| Q1 25 | $321.0M | $101.5M | ||
| Q4 24 | $301.0M | $-13.2M | ||
| Q3 24 | $216.0M | $628.2M | ||
| Q2 24 | $229.0M | $481.0M | ||
| Q1 24 | $598.0M | $457.4M |
自由现金流率FLEXXYZ
| Q4 25 | 3.9% | 9.3% | ||
| Q3 25 | 4.5% | 22.9% | ||
| Q2 25 | 4.0% | 5.7% | ||
| Q1 25 | 5.0% | 1.8% | ||
| Q4 24 | 4.6% | -0.2% | ||
| Q3 24 | 3.3% | 10.5% | ||
| Q2 24 | 3.6% | 7.8% | ||
| Q1 24 | 13.3% | 7.7% |
资本支出强度FLEXXYZ
| Q4 25 | 2.1% | 0.7% | ||
| Q3 25 | 2.2% | 0.8% | ||
| Q2 25 | 2.0% | 0.5% | ||
| Q1 25 | 1.8% | 0.6% | ||
| Q4 24 | 1.7% | 0.4% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 1.8% | 0.6% | ||
| Q1 24 | 1.8% | 0.5% |
现金转化率FLEXXYZ
| Q4 25 | 1.76× | 5.36× | ||
| Q3 25 | 2.28× | 3.14× | ||
| Q2 25 | 2.08× | 0.70× | ||
| Q1 25 | 1.95× | 0.70× | ||
| Q4 24 | 1.57× | 0.01× | ||
| Q3 24 | 1.49× | 2.41× | ||
| Q2 24 | 2.45× | 2.66× | ||
| Q1 24 | 1.72× | 1.04× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
