vs
福陆（FLR）与德事隆（TXT）财务数据对比。点击上方公司名可切换其他公司
德事隆的季度营收约是福陆的1.0倍（$4.2B vs $4.2B），德事隆净利率更高（5.6% vs -37.7%，领先43.3%），德事隆同比增速更快（15.6% vs -2.0%），德事隆自由现金流更多（$527.0M vs $-378.0M），过去两年德事隆的营收复合增速更高（15.4% 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。
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
FLR vs TXT — 直观对比
营收增速更快
TXT
高出17.6%
-2.0%
净利率更高
TXT
高出43.3%
-37.7%
自由现金流更多
TXT
多$905.0M
$-378.0M
两年增速更快
TXT
近两年复合增速
5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $4.2B |
| 净利润 | $-1.6B | $235.0M |
| 毛利率 | 3.2% | — |
| 营业利润率 | 1.3% | — |
| 净利率 | -37.7% | 5.6% |
| 营收同比 | -2.0% | 15.6% |
| 净利润同比 | -184.4% | 66.7% |
| 每股收益（稀释后） | $-9.40 | — |
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FLRTXT
| Q4 25 | $4.2B | $4.2B | ||
| Q3 25 | $3.4B | $3.6B | ||
| Q2 25 | $4.0B | $3.7B | ||
| Q1 25 | $4.0B | $3.3B | ||
| Q4 24 | $4.3B | $3.6B | ||
| Q3 24 | $4.1B | $3.4B | ||
| Q2 24 | $4.2B | $3.5B | ||
| Q1 24 | $3.7B | $3.1B |
净利润FLRTXT
| Q4 25 | $-1.6B | $235.0M | ||
| Q3 25 | $-697.0M | $234.0M | ||
| Q2 25 | $2.5B | $245.0M | ||
| Q1 25 | $-241.0M | $207.0M | ||
| Q4 24 | $1.9B | $141.0M | ||
| Q3 24 | $54.0M | $223.0M | ||
| Q2 24 | $169.0M | $259.0M | ||
| Q1 24 | $59.0M | $201.0M |
毛利率FLRTXT
| Q4 25 | 3.2% | — | ||
| Q3 25 | -13.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 2.7% | — |
营业利润率FLRTXT
| Q4 25 | 1.3% | — | ||
| Q3 25 | -14.7% | — | ||
| Q2 25 | -0.7% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 4.4% | 3.6% | ||
| Q3 24 | 1.2% | 7.4% | ||
| Q2 24 | 4.2% | 9.2% | ||
| Q1 24 | 1.4% | 7.6% |
净利率FLRTXT
| Q4 25 | -37.7% | 5.6% | ||
| Q3 25 | -20.7% | 6.5% | ||
| Q2 25 | 61.8% | 6.6% | ||
| Q1 25 | -6.1% | 6.3% | ||
| Q4 24 | 43.7% | 3.9% | ||
| Q3 24 | 1.3% | 6.5% | ||
| Q2 24 | 4.0% | 7.3% | ||
| Q1 24 | 1.6% | 6.4% |
每股收益（稀释后）FLRTXT
| Q4 25 | $-9.40 | — | ||
| Q3 25 | $-4.30 | — | ||
| Q2 25 | $14.81 | — | ||
| Q1 25 | $-1.42 | $1.13 | ||
| Q4 24 | $10.68 | — | ||
| Q3 24 | $0.31 | — | ||
| Q2 24 | $0.97 | — | ||
| Q1 24 | $0.34 | $1.03 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | — |
| 总资产 | $8.2B | — |
| 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FLRTXT
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.4B | — |
股东权益FLRTXT
| Q4 25 | $3.2B | — | ||
| Q3 25 | $5.2B | $7.5B | ||
| Q2 25 | $5.9B | $7.4B | ||
| Q1 25 | $3.6B | $7.3B | ||
| Q4 24 | $3.9B | $7.2B | ||
| Q3 24 | $2.3B | $7.0B | ||
| Q2 24 | $2.1B | $6.9B | ||
| Q1 24 | $2.0B | $6.9B |
总资产FLRTXT
| Q4 25 | $8.2B | — | ||
| Q3 25 | $11.5B | $17.4B | ||
| Q2 25 | $11.8B | $17.1B | ||
| Q1 25 | $8.4B | $16.9B | ||
| Q4 24 | $9.1B | $16.8B | ||
| Q3 24 | $7.1B | $16.5B | ||
| Q2 24 | $6.8B | $16.4B | ||
| Q1 24 | $6.7B | $16.4B |
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 | $700.0M |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $527.0M |
| 自由现金流率自由现金流/营收 | -9.1% | 12.6% |
| 资本支出强度资本支出/营收 | 0.3% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 2.98× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $929.0M |
8季度趋势，按日历期对齐
经营现金流FLRTXT
| Q4 25 | $-366.0M | $700.0M | ||
| Q3 25 | $286.0M | $349.0M | ||
| Q2 25 | $-21.0M | $387.0M | ||
| Q1 25 | $-286.0M | $-124.0M | ||
| Q4 24 | $327.0M | $446.0M | ||
| Q3 24 | $330.0M | $208.0M | ||
| Q2 24 | $282.0M | $367.0M | ||
| Q1 24 | $-111.0M | $-7.0M |
自由现金流FLRTXT
| Q4 25 | $-378.0M | $527.0M | ||
| Q3 25 | $273.0M | $273.0M | ||
| Q2 25 | $-35.0M | $309.0M | ||
| Q1 25 | $-297.0M | $-180.0M | ||
| Q4 24 | $296.0M | $293.0M | ||
| Q3 24 | $279.0M | $137.0M | ||
| Q2 24 | $234.0M | $293.0M | ||
| Q1 24 | $-145.0M | $-73.0M |
自由现金流率FLRTXT
| Q4 25 | -9.1% | 12.6% | ||
| Q3 25 | 8.1% | 7.6% | ||
| Q2 25 | -0.9% | 8.3% | ||
| Q1 25 | -7.5% | -5.4% | ||
| Q4 24 | 6.9% | 8.1% | ||
| Q3 24 | 6.8% | 4.0% | ||
| Q2 24 | 5.5% | 8.3% | ||
| Q1 24 | -3.9% | -2.3% |
资本支出强度FLRTXT
| Q4 25 | 0.3% | 4.1% | ||
| Q3 25 | 0.4% | 2.1% | ||
| Q2 25 | 0.4% | 2.1% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.7% | 4.2% | ||
| Q3 24 | 1.2% | 2.1% | ||
| Q2 24 | 1.1% | 2.1% | ||
| Q1 24 | 0.9% | 2.1% |
现金转化率FLRTXT
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | -0.01× | 1.58× | ||
| Q1 25 | — | -0.60× | ||
| Q4 24 | 0.18× | 3.16× | ||
| Q3 24 | 6.11× | 0.93× | ||
| Q2 24 | 1.67× | 1.42× | ||
| Q1 24 | -1.88× | -0.03× |
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% |
TXT
| Aircraft | $1.2B | 29% |
| Military Aircraft And Support Programs | $655.0M | 16% |
| Aftermarket Parts And Services | $551.0M | 13% |
| Services | $507.0M | 12% |
| Fuel Systems And Functional Components | $480.0M | 11% |
| Textron Systems | $323.0M | 8% |
| Other | $317.0M | 8% |
| US Government | $119.0M | 3% |
| Finance | $18.0M | 0% |
| Textron E Aviation Segment | $7.0M | 0% |
