vs
福陆（FLR）与Stryker Corporation（SYK）财务数据对比。点击上方公司名可切换其他公司
Stryker Corporation的季度营收约是福陆的1.7倍（$7.2B vs $4.2B），Stryker Corporation净利率更高（11.8% vs -37.7%，领先49.5%），Stryker Corporation同比增速更快（11.4% vs -2.0%），Stryker Corporation自由现金流更多（$1.9B vs $-378.0M），过去两年Stryker Corporation的营收复合增速更高（16.9% vs 5.7%）
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
斯特赖克是一款八轮装甲战车，衍生自加拿大LAV III步兵战车，而后者源自瑞士莫瓦格食人鱼系列装甲车。该型战车由加拿大通用动力陆地系统公司为美国陆军生产，制造工厂位于安大略省伦敦市。它默认采用8×4四轮驱动，可切换为8×8全轮驱动模式。
FLR vs SYK — 直观对比
营收规模更大
SYK
是对方的1.7倍
$4.2B
营收增速更快
SYK
高出13.4%
-2.0%
净利率更高
SYK
高出49.5%
-37.7%
自由现金流更多
SYK
多$2.3B
$-378.0M
两年增速更快
SYK
近两年复合增速
5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $7.2B |
| 净利润 | $-1.6B | $849.0M |
| 毛利率 | 3.2% | 64.5% |
| 营业利润率 | 1.3% | 25.2% |
| 净利率 | -37.7% | 11.8% |
| 营收同比 | -2.0% | 11.4% |
| 净利润同比 | -184.4% | 55.5% |
| 每股收益（稀释后） | $-9.40 | $2.20 |
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FLRSYK
| Q4 25 | $4.2B | $7.2B | ||
| Q3 25 | $3.4B | $6.1B | ||
| Q2 25 | $4.0B | $6.0B | ||
| Q1 25 | $4.0B | $5.9B | ||
| Q4 24 | $4.3B | $6.4B | ||
| Q3 24 | $4.1B | $5.5B | ||
| Q2 24 | $4.2B | $5.4B | ||
| Q1 24 | $3.7B | $5.2B |
净利润FLRSYK
| Q4 25 | $-1.6B | $849.0M | ||
| Q3 25 | $-697.0M | $859.0M | ||
| Q2 25 | $2.5B | $884.0M | ||
| Q1 25 | $-241.0M | $654.0M | ||
| Q4 24 | $1.9B | $546.0M | ||
| Q3 24 | $54.0M | $834.0M | ||
| Q2 24 | $169.0M | $825.0M | ||
| Q1 24 | $59.0M | $788.0M |
毛利率FLRSYK
| Q4 25 | 3.2% | 64.5% | ||
| Q3 25 | -13.3% | 63.6% | ||
| Q2 25 | 1.4% | 63.8% | ||
| Q1 25 | 3.5% | 63.8% | ||
| Q4 24 | 4.9% | 64.9% | ||
| Q3 24 | 2.1% | 64.0% | ||
| Q2 24 | 4.2% | 63.0% | ||
| Q1 24 | 2.7% | 63.6% |
营业利润率FLRSYK
| Q4 25 | 1.3% | 25.2% | ||
| Q3 25 | -14.7% | 18.7% | ||
| Q2 25 | -0.7% | 18.5% | ||
| Q1 25 | 2.3% | 14.3% | ||
| Q4 24 | 4.4% | 9.0% | ||
| Q3 24 | 1.2% | 19.7% | ||
| Q2 24 | 4.2% | 19.4% | ||
| Q1 24 | 1.4% | 18.5% |
净利率FLRSYK
| Q4 25 | -37.7% | 11.8% | ||
| Q3 25 | -20.7% | 14.2% | ||
| Q2 25 | 61.8% | 14.7% | ||
| Q1 25 | -6.1% | 11.1% | ||
| Q4 24 | 43.7% | 8.5% | ||
| Q3 24 | 1.3% | 15.2% | ||
| Q2 24 | 4.0% | 15.2% | ||
| Q1 24 | 1.6% | 15.0% |
每股收益（稀释后）FLRSYK
| Q4 25 | $-9.40 | $2.20 | ||
| Q3 25 | $-4.30 | $2.22 | ||
| Q2 25 | $14.81 | $2.29 | ||
| Q1 25 | $-1.42 | $1.69 | ||
| Q4 24 | $10.68 | $1.41 | ||
| Q3 24 | $0.31 | $2.16 | ||
| Q2 24 | $0.97 | $2.14 | ||
| Q1 24 | $0.34 | $2.05 |
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 | $2.2B | $4.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $22.4B |
| 总资产 | $8.2B | $47.8B |
| 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FLRSYK
| Q4 25 | $2.2B | $4.0B | ||
| Q3 25 | $2.8B | $3.3B | ||
| Q2 25 | $2.3B | $2.4B | ||
| Q1 25 | $2.5B | $2.3B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $3.0B | $3.9B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.4B | $2.3B |
股东权益FLRSYK
| Q4 25 | $3.2B | $22.4B | ||
| Q3 25 | $5.2B | $21.8B | ||
| Q2 25 | $5.9B | $21.2B | ||
| Q1 25 | $3.6B | $20.9B | ||
| Q4 24 | $3.9B | $20.6B | ||
| Q3 24 | $2.3B | $20.1B | ||
| Q2 24 | $2.1B | $19.8B | ||
| Q1 24 | $2.0B | $19.2B |
总资产FLRSYK
| Q4 25 | $8.2B | $47.8B | ||
| Q3 25 | $11.5B | $47.1B | ||
| Q2 25 | $11.8B | $46.3B | ||
| Q1 25 | $8.4B | $46.0B | ||
| Q4 24 | $9.1B | $43.0B | ||
| Q3 24 | $7.1B | $43.8B | ||
| Q2 24 | $6.8B | $39.1B | ||
| Q1 24 | $6.7B | $39.4B |
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 | $-366.0M | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $1.9B |
| 自由现金流率自由现金流/营收 | -9.1% | 26.1% |
| 资本支出强度资本支出/营收 | 0.3% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 2.52× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $4.3B |
8季度趋势，按日历期对齐
经营现金流FLRSYK
| Q4 25 | $-366.0M | $2.1B | ||
| Q3 25 | $286.0M | $1.5B | ||
| Q2 25 | $-21.0M | $1.1B | ||
| Q1 25 | $-286.0M | $250.0M | ||
| Q4 24 | $327.0M | $1.9B | ||
| Q3 24 | $330.0M | $1.5B | ||
| Q2 24 | $282.0M | $633.0M | ||
| Q1 24 | $-111.0M | $204.0M |
自由现金流FLRSYK
| Q4 25 | $-378.0M | $1.9B | ||
| Q3 25 | $273.0M | $1.4B | ||
| Q2 25 | $-35.0M | $928.0M | ||
| Q1 25 | $-297.0M | $127.0M | ||
| Q4 24 | $296.0M | $1.7B | ||
| Q3 24 | $279.0M | $1.3B | ||
| Q2 24 | $234.0M | $481.0M | ||
| Q1 24 | $-145.0M | $37.0M |
自由现金流率FLRSYK
| Q4 25 | -9.1% | 26.1% | ||
| Q3 25 | 8.1% | 22.3% | ||
| Q2 25 | -0.9% | 15.4% | ||
| Q1 25 | -7.5% | 2.2% | ||
| Q4 24 | 6.9% | 25.9% | ||
| Q3 24 | 6.8% | 23.7% | ||
| Q2 24 | 5.5% | 8.9% | ||
| Q1 24 | -3.9% | 0.7% |
资本支出强度FLRSYK
| Q4 25 | 0.3% | 3.7% | ||
| Q3 25 | 0.4% | 3.1% | ||
| Q2 25 | 0.4% | 3.0% | ||
| Q1 25 | 0.3% | 2.1% | ||
| Q4 24 | 0.7% | 4.1% | ||
| Q3 24 | 1.2% | 3.1% | ||
| Q2 24 | 1.1% | 2.8% | ||
| Q1 24 | 0.9% | 3.2% |
现金转化率FLRSYK
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 1.79× | ||
| Q2 25 | -0.01× | 1.26× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | 0.18× | 3.54× | ||
| Q3 24 | 6.11× | 1.77× | ||
| Q2 24 | 1.67× | 0.77× | ||
| Q1 24 | -1.88× | 0.26× |
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
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
SYK
| Medical | $1.3B | 18% |
| Endoscopy | $1.1B | 16% |
| Traumaand Extremities | $1.1B | 15% |
| Instruments | $925.0M | 13% |
| Knees | $749.0M | 10% |
| Neuro Cranial | $669.0M | 9% |
| Neurovascular | $539.0M | 8% |
| Hips | $499.0M | 7% |
| Other Orthopaedics | $267.0M | 4% |
| Spine | $8.0M | 0% |
