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福陆（FLR）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
福陆的季度营收约是西部数据的1.4倍（$4.2B vs $3.0B），西部数据净利率更高（61.1% vs -37.7%，领先98.7%），西部数据同比增速更快（31.5% vs -2.0%），过去两年福陆的营收复合增速更高（5.7% vs -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
FLR vs WDC — 直观对比
营收规模更大
FLR
是对方的1.4倍
$3.0B
营收增速更快
WDC
高出33.5%
-2.0%
净利率更高
WDC
高出98.7%
-37.7%
两年增速更快
FLR
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.0B |
| 净利润 | $-1.6B | $1.8B |
| 毛利率 | 3.2% | 45.7% |
| 营业利润率 | 1.3% | 30.1% |
| 净利率 | -37.7% | 61.1% |
| 营收同比 | -2.0% | 31.5% |
| 净利润同比 | -184.4% | 254.2% |
| 每股收益（稀释后） | $-9.40 | $4.73 |
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FLRWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $4.2B | $2.8B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $4.0B | $-1.2B | ||
| Q1 25 | $4.0B | $2.3B | ||
| Q4 24 | $4.3B | $4.3B | ||
| Q3 24 | $4.1B | $4.1B | ||
| Q2 24 | $4.2B | $3.8B |
净利润FLRWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $-1.6B | $1.2B | ||
| Q3 25 | $-697.0M | — | ||
| Q2 25 | $2.5B | $282.0M | ||
| Q1 25 | $-241.0M | $520.0M | ||
| Q4 24 | $1.9B | $594.0M | ||
| Q3 24 | $54.0M | $493.0M | ||
| Q2 24 | $169.0M | $39.0M |
毛利率FLRWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 3.2% | 43.5% | ||
| Q3 25 | -13.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 3.5% | 39.8% | ||
| Q4 24 | 4.9% | 35.4% | ||
| Q3 24 | 2.1% | 37.9% | ||
| Q2 24 | 4.2% | 35.9% |
营业利润率FLRWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 1.3% | 28.1% | ||
| Q3 25 | -14.7% | — | ||
| Q2 25 | -0.7% | — | ||
| Q1 25 | 2.3% | 33.1% | ||
| Q4 24 | 4.4% | 19.9% | ||
| Q3 24 | 1.2% | 18.1% | ||
| Q2 24 | 4.2% | 5.7% |
净利率FLRWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | -37.7% | 41.9% | ||
| Q3 25 | -20.7% | — | ||
| Q2 25 | 61.8% | -24.4% | ||
| Q1 25 | -6.1% | 22.7% | ||
| Q4 24 | 43.7% | 13.9% | ||
| Q3 24 | 1.3% | 12.0% | ||
| Q2 24 | 4.0% | 1.0% |
每股收益（稀释后）FLRWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $-9.40 | $3.07 | ||
| Q3 25 | $-4.30 | — | ||
| Q2 25 | $14.81 | $0.72 | ||
| Q1 25 | $-1.42 | $1.42 | ||
| Q4 24 | $10.68 | $1.63 | ||
| Q3 24 | $0.31 | $1.35 | ||
| Q2 24 | $0.97 | $0.15 |
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 | $2.0B |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $3.2B | $7.1B |
| 总资产 | $8.2B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资FLRWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $3.0B | $2.3B | ||
| Q3 24 | $3.0B | $1.7B | ||
| Q2 24 | $2.7B | $1.9B |
总债务FLRWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
股东权益FLRWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $3.2B | $5.9B | ||
| Q3 25 | $5.2B | — | ||
| Q2 25 | $5.9B | $5.3B | ||
| Q1 25 | $3.6B | $5.2B | ||
| Q4 24 | $3.9B | $12.1B | ||
| Q3 24 | $2.3B | $11.6B | ||
| Q2 24 | $2.1B | $10.8B |
总资产FLRWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $8.2B | $14.4B | ||
| Q3 25 | $11.5B | — | ||
| Q2 25 | $11.8B | $14.0B | ||
| Q1 25 | $8.4B | $16.4B | ||
| Q4 24 | $9.1B | $25.5B | ||
| Q3 24 | $7.1B | $24.8B | ||
| Q2 24 | $6.8B | $24.2B |
负债/权益比FLRWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 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 | $-366.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | — |
| 自由现金流率自由现金流/营收 | -9.1% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-437.0M | — |
8季度趋势，按日历期对齐
经营现金流FLRWDC
| Q1 26 | — | — | ||
| Q4 25 | $-366.0M | $672.0M | ||
| Q3 25 | $286.0M | — | ||
| Q2 25 | $-21.0M | $746.0M | ||
| Q1 25 | $-286.0M | $508.0M | ||
| Q4 24 | $327.0M | $403.0M | ||
| Q3 24 | $330.0M | $34.0M | ||
| Q2 24 | $282.0M | $366.0M |
自由现金流FLRWDC
| Q1 26 | — | — | ||
| Q4 25 | $-378.0M | $599.0M | ||
| Q3 25 | $273.0M | — | ||
| Q2 25 | $-35.0M | $675.0M | ||
| Q1 25 | $-297.0M | $379.0M | ||
| Q4 24 | $296.0M | $287.0M | ||
| Q3 24 | $279.0M | $-62.0M | ||
| Q2 24 | $234.0M | $250.0M |
自由现金流率FLRWDC
| Q1 26 | — | — | ||
| Q4 25 | -9.1% | 21.3% | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | -0.9% | -58.5% | ||
| Q1 25 | -7.5% | 16.5% | ||
| Q4 24 | 6.9% | 6.7% | ||
| Q3 24 | 6.8% | -1.5% | ||
| Q2 24 | 5.5% | 6.6% |
资本支出强度FLRWDC
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 2.6% | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.4% | -6.2% | ||
| Q1 25 | 0.3% | 5.6% | ||
| Q4 24 | 0.7% | 2.7% | ||
| Q3 24 | 1.2% | 2.3% | ||
| Q2 24 | 1.1% | 3.1% |
现金转化率FLRWDC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.01× | 2.65× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | 0.18× | 0.68× | ||
| Q3 24 | 6.11× | 0.07× | ||
| Q2 24 | 1.67× | 9.38× |
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
