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通用动力（GD）与银河数字（GLXY）财务数据对比。点击上方公司名可切换其他公司
通用动力的季度营收约是银河数字的1.3倍（$13.5B vs $10.4B），通用动力净利率更高（8.3% vs -4.6%，领先13.0%），通用动力自由现金流更多（$2.0B vs $-1.6B）
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
Galaxy Digital 是一家专注于数字资产与区块链的金融服务公司，总部位于美国纽约，由 Michael Novogratz 于 2018 年创立。公司面向机构客户提供资产管理、交易、投资银行业务，以及涵盖数据中心和高性能算力的数字基础设施服务，业务覆盖加密货币与更广义的数字经济领域，股票在纳斯达克以代码 GLXY 交易。
GD vs GLXY — 直观对比
营收规模更大
GD
是对方的1.3倍
$10.4B
净利率更高
GD
高出13.0%
-4.6%
自由现金流更多
GD
多$3.6B
$-1.6B
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $10.4B |
| 净利润 | $1.1B | $-481.7M |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | -5.4% |
| 净利率 | 8.3% | -4.6% |
| 营收同比 | 10.3% | — |
| 净利润同比 | 13.2% | — |
| 每股收益（稀释后） | $4.10 | — |
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GDGLXY
| Q1 26 | $13.5B | — | ||
| Q4 25 | $14.4B | $10.4B | ||
| Q3 25 | $12.9B | $28.4B | ||
| Q2 25 | $13.0B | $8.7B | ||
| Q1 25 | $12.2B | $0 | ||
| Q4 24 | $13.3B | — | ||
| Q3 24 | $11.7B | $8.5B | ||
| Q2 24 | $12.0B | $8.9B |
净利润GDGLXY
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $-481.7M | ||
| Q3 25 | $1.1B | $505.1M | ||
| Q2 25 | $1.0B | $30.7M | ||
| Q1 25 | $994.0M | $0 | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $930.0M | $-33.3M | ||
| Q2 24 | $905.0M | $-125.6M |
营业利润率GDGLXY
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | -5.4% | ||
| Q3 25 | 10.3% | 1.9% | ||
| Q2 25 | 10.0% | 0.5% | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.1% | -0.5% | ||
| Q2 24 | 9.7% | -1.6% |
净利率GDGLXY
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | -4.6% | ||
| Q3 25 | 8.2% | 1.8% | ||
| Q2 25 | 7.8% | 0.4% | ||
| Q1 25 | 8.1% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 8.0% | -0.4% | ||
| Q2 24 | 7.6% | -1.4% |
每股收益（稀释后）GDGLXY
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $3.7B | $2.0B |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $26.1B | $2.0B |
| 总资产 | $59.0B | $11.3B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资GDGLXY
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.2B | $1.0K | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.4B | — |
总债务GDGLXY
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GDGLXY
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $2.0B | ||
| Q3 25 | $24.4B | $1.8B | ||
| Q2 25 | $23.6B | $1.5B | ||
| Q1 25 | $22.2B | $1.0K | ||
| Q4 24 | $22.1B | — | ||
| Q3 24 | $23.0B | $2.1B | ||
| Q2 24 | $22.0B | $2.1B |
总资产GDGLXY
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $11.3B | ||
| Q3 25 | $57.6B | $11.5B | ||
| Q2 25 | $56.9B | $9.1B | ||
| Q1 25 | $56.6B | $1.0K | ||
| Q4 24 | $55.9B | — | ||
| Q3 24 | $57.3B | — | ||
| Q2 24 | $55.4B | — |
负债/权益比GDGLXY
| Q1 26 | 0.24× | — | ||
| Q4 25 | 0.32× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-1.1B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $-1.6B |
| 自由现金流率自由现金流/营收 | 14.5% | -15.7% |
| 资本支出强度资本支出/营收 | 1.5% | 5.4% |
| 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 | $6.2B | — |
8季度趋势，按日历期对齐
经营现金流GDGLXY
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-1.1B | ||
| Q3 25 | $2.1B | $427.7M | ||
| Q2 25 | $1.6B | $329.3M | ||
| Q1 25 | $-148.0M | $0 | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $814.0M | — |
自由现金流GDGLXY
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $-1.6B | ||
| Q3 25 | $1.9B | $189.6M | ||
| Q2 25 | $1.4B | $-67.2M | ||
| Q1 25 | $-290.0M | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $613.0M | — |
自由现金流率GDGLXY
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | -15.7% | ||
| Q3 25 | 14.7% | 0.7% | ||
| Q2 25 | 10.7% | -0.8% | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 5.1% | — |
资本支出强度GDGLXY
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 5.4% | ||
| Q3 25 | 1.6% | 0.8% | ||
| Q2 25 | 1.5% | 4.6% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.7% | — |
现金转化率GDGLXY
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.99× | 0.85× | ||
| Q2 25 | 1.58× | 10.73× | ||
| Q1 25 | -0.15× | — | ||
| Q4 24 | 1.88× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 0.90× | — |
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
GD
暂无分部数据
GLXY
| Digital Assets Sales | $10.2B | 99% |
| Blockchain Rewards | $57.0M | 1% |
| Fee | $27.4M | 0% |
| Blockchain Rewards From Non Customers | $1.7M | 0% |
