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Fortive（FTV）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是Fortive的1.7倍（$1.8B vs $1.0B），西蒙地产集团净利率更高（197.6% vs 5.4%，领先192.2%），西蒙地产集团同比增速更快（13.2% vs -33.1%），西蒙地产集团自由现金流更多（$948.8M vs $153.1M），过去两年西蒙地产集团的营收复合增速更高（11.4% vs -19.5%）
Fortive是总部位于美国华盛顿州埃弗里特的工业科技集团，专注于提供互联工作流解决方案所需的核心技术，研发、生产及销售专业工程类产品、软件与服务，旗下业务分为智能运营解决方案、精密技术、先进医疗解决方案三大战略板块。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
FTV vs SPG — 直观对比
营收规模更大
SPG
是对方的1.7倍
$1.0B
营收增速更快
SPG
高出46.3%
-33.1%
净利率更高
SPG
高出192.2%
5.4%
自由现金流更多
SPG
多$795.7M
$153.1M
两年增速更快
SPG
近两年复合增速
-19.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.8B |
| 净利润 | $55.0M | $3.5B |
| 毛利率 | 63.2% | — |
| 营业利润率 | 15.5% | 49.7% |
| 净利率 | 5.4% | 197.6% |
| 营收同比 | -33.1% | 13.2% |
| 净利润同比 | -75.2% | 358.7% |
| 每股收益（稀释后） | $0.16 | $9.34 |
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FTVSPG
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.5B | $1.4B |
净利润FTVSPG
| Q4 25 | — | $3.5B | ||
| Q3 25 | $55.0M | $702.7M | ||
| Q2 25 | $166.6M | $643.7M | ||
| Q1 25 | $171.9M | $477.9M | ||
| Q4 24 | $208.8M | $771.8M | ||
| Q3 24 | $221.6M | $546.7M | ||
| Q2 24 | $195.1M | $569.4M | ||
| Q1 24 | $207.4M | $841.2M |
毛利率FTVSPG
| Q4 25 | — | — | ||
| Q3 25 | 63.2% | — | ||
| Q2 25 | 59.0% | — | ||
| Q1 25 | 59.8% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 59.8% | — | ||
| Q1 24 | 59.3% | — |
营业利润率FTVSPG
| Q4 25 | — | 49.7% | ||
| Q3 25 | 15.5% | 50.8% | ||
| Q2 25 | 14.6% | 49.7% | ||
| Q1 25 | 15.8% | 49.4% | ||
| Q4 24 | 19.0% | 52.8% | ||
| Q3 24 | 19.3% | 51.9% | ||
| Q2 24 | 19.4% | 51.7% | ||
| Q1 24 | 19.8% | 51.0% |
净利率FTVSPG
| Q4 25 | — | 197.6% | ||
| Q3 25 | 5.4% | 43.9% | ||
| Q2 25 | 11.0% | 43.0% | ||
| Q1 25 | 11.7% | 32.4% | ||
| Q4 24 | 12.9% | 48.8% | ||
| Q3 24 | 14.4% | 36.9% | ||
| Q2 24 | 12.6% | 39.0% | ||
| Q1 24 | 13.6% | 58.3% |
每股收益（稀释后）FTVSPG
| Q4 25 | — | $9.34 | ||
| Q3 25 | $0.16 | $1.86 | ||
| Q2 25 | $0.49 | $1.70 | ||
| Q1 25 | $0.50 | $1.27 | ||
| Q4 24 | $0.60 | $2.04 | ||
| Q3 24 | $0.63 | $1.46 | ||
| Q2 24 | $0.55 | $1.51 | ||
| Q1 24 | $0.58 | $2.25 |
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 | $430.8M | $823.1M |
| 总债务越低越好 | $3.3B | $28.4B |
| 股东权益账面价值 | $6.5B | $5.2B |
| 总资产 | $11.9B | $40.6B |
| 负债/权益比越低杠杆越低 | 0.51× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资FTVSPG
| Q4 25 | — | $823.1M | ||
| Q3 25 | $430.8M | $1.6B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $892.1M | $1.4B | ||
| Q4 24 | $813.3M | $1.4B | ||
| Q3 24 | $811.3M | $2.5B | ||
| Q2 24 | $644.1M | $2.5B | ||
| Q1 24 | $704.6M | $2.6B |
总债务FTVSPG
| Q4 25 | — | $28.4B | ||
| Q3 25 | $3.3B | $25.8B | ||
| Q2 25 | $4.8B | $25.4B | ||
| Q1 25 | $3.9B | $24.8B | ||
| Q4 24 | $3.7B | $24.3B | ||
| Q3 24 | $3.9B | $25.4B | ||
| Q2 24 | $3.8B | $25.3B | ||
| Q1 24 | $3.9B | $25.5B |
股东权益FTVSPG
| Q4 25 | — | $5.2B | ||
| Q3 25 | $6.5B | $2.3B | ||
| Q2 25 | $10.4B | $2.5B | ||
| Q1 25 | $10.2B | $2.6B | ||
| Q4 24 | $10.2B | $2.9B | ||
| Q3 24 | $10.6B | $2.7B | ||
| Q2 24 | $10.5B | $2.9B | ||
| Q1 24 | $10.5B | $3.1B |
总资产FTVSPG
| Q4 25 | — | $40.6B | ||
| Q3 25 | $11.9B | $33.6B | ||
| Q2 25 | $18.2B | $33.3B | ||
| Q1 25 | $17.1B | $32.5B | ||
| Q4 24 | $17.0B | $32.4B | ||
| Q3 24 | $17.5B | $33.3B | ||
| Q2 24 | $17.3B | $33.4B | ||
| Q1 24 | $17.5B | $33.7B |
负债/权益比FTVSPG
| Q4 25 | — | 5.46× | ||
| Q3 25 | 0.51× | 10.98× | ||
| Q2 25 | 0.46× | 10.36× | ||
| Q1 25 | 0.38× | 9.50× | ||
| Q4 24 | 0.36× | 8.25× | ||
| Q3 24 | 0.37× | 9.37× | ||
| Q2 24 | 0.36× | 8.59× | ||
| Q1 24 | 0.38× | 8.22× |
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 | $164.4M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $153.1M | $948.8M |
| 自由现金流率自由现金流/营收 | 14.9% | 53.0% |
| 资本支出强度资本支出/营收 | 1.1% | 14.2% |
| 现金转化率经营现金流/净利润 | 2.99× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $3.2B |
8季度趋势，按日历期对齐
经营现金流FTVSPG
| Q4 25 | — | $1.2B | ||
| Q3 25 | $164.4M | $890.3M | ||
| Q2 25 | $311.2M | $1.2B | ||
| Q1 25 | $241.7M | $827.2M | ||
| Q4 24 | $502.2M | $1.1B | ||
| Q3 24 | $459.0M | $892.9M | ||
| Q2 24 | $308.9M | $1.1B | ||
| Q1 24 | $256.7M | $773.1M |
自由现金流FTVSPG
| Q4 25 | — | $948.8M | ||
| Q3 25 | $153.1M | $685.0M | ||
| Q2 25 | $274.5M | $971.3M | ||
| Q1 25 | $215.0M | $597.0M | ||
| Q4 24 | $465.2M | $867.7M | ||
| Q3 24 | $431.2M | $706.5M | ||
| Q2 24 | $279.7M | $874.8M | ||
| Q1 24 | $230.3M | $610.1M |
自由现金流率FTVSPG
| Q4 25 | — | 53.0% | ||
| Q3 25 | 14.9% | 42.8% | ||
| Q2 25 | 18.1% | 64.8% | ||
| Q1 25 | 14.6% | 40.5% | ||
| Q4 24 | 28.7% | 54.8% | ||
| Q3 24 | 28.1% | 47.7% | ||
| Q2 24 | 18.0% | 60.0% | ||
| Q1 24 | 15.1% | 42.3% |
资本支出强度FTVSPG
| Q4 25 | — | 14.2% | ||
| Q3 25 | 1.1% | 12.8% | ||
| Q2 25 | 2.4% | 16.3% | ||
| Q1 25 | 1.8% | 15.6% | ||
| Q4 24 | 2.3% | 13.8% | ||
| Q3 24 | 1.8% | 12.6% | ||
| Q2 24 | 1.9% | 12.9% | ||
| Q1 24 | 1.7% | 11.3% |
现金转化率FTVSPG
| Q4 25 | — | 0.34× | ||
| Q3 25 | 2.99× | 1.27× | ||
| Q2 25 | 1.87× | 1.89× | ||
| Q1 25 | 1.41× | 1.73× | ||
| Q4 24 | 2.41× | 1.41× | ||
| Q3 24 | 2.07× | 1.63× | ||
| Q2 24 | 1.58× | 1.87× | ||
| Q1 24 | 1.24× | 0.92× |
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
FTV
| Advanced Healthcare Solutions | $328.3M | 32% |
| Industrial Manufacturing | $287.9M | 28% |
| Energy And Infrastructure | $166.7M | 16% |
| Government | $88.0M | 9% |
| Retail | $82.7M | 8% |
| Other Direct End Markets | $79.6M | 8% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
