vs
通用动力（GD）与万事达卡（MA）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万事达卡的1.5倍（$13.5B vs $8.8B），万事达卡净利率更高（46.1% vs 8.3%，领先37.8%），万事达卡同比增速更快（17.6% vs 10.3%），万事达卡自由现金流更多（$4.9B vs $2.0B），过去两年万事达卡的营收复合增速更高（17.8% vs 6.1%）
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。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
GD vs MA — 直观对比
营收规模更大
GD
是对方的1.5倍
$8.8B
营收增速更快
MA
高出7.3%
10.3%
净利率更高
MA
高出37.8%
8.3%
自由现金流更多
MA
多$2.9B
$2.0B
两年增速更快
MA
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $8.8B |
| 净利润 | $1.1B | $4.1B |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 55.8% |
| 净利率 | 8.3% | 46.1% |
| 营收同比 | 10.3% | 17.6% |
| 净利润同比 | 758.8% | 21.5% |
| 每股收益（稀释后） | $4.10 | $4.52 |
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GDMA
| Q1 26 | $13.5B | — | ||
| Q4 25 | $14.4B | $8.8B | ||
| Q3 25 | $12.9B | $8.6B | ||
| Q2 25 | $13.0B | $8.1B | ||
| Q1 25 | $12.2B | $7.3B | ||
| Q4 24 | $13.3B | $7.5B | ||
| Q3 24 | $11.7B | $7.4B | ||
| Q2 24 | $12.0B | $7.0B |
净利润GDMA
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.1B | ||
| Q3 25 | $1.1B | $3.9B | ||
| Q2 25 | $1.0B | $3.7B | ||
| Q1 25 | $994.0M | $3.3B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $930.0M | $3.3B | ||
| Q2 24 | $905.0M | $3.3B |
营业利润率GDMA
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | 55.8% | ||
| Q3 25 | 10.3% | 58.8% | ||
| Q2 25 | 10.0% | 58.7% | ||
| Q1 25 | 10.4% | 57.2% | ||
| Q4 24 | 10.7% | 52.6% | ||
| Q3 24 | 10.1% | 54.3% | ||
| Q2 24 | 9.7% | 58.0% |
净利率GDMA
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 46.1% | ||
| Q3 25 | 8.2% | 45.7% | ||
| Q2 25 | 7.8% | 45.5% | ||
| Q1 25 | 8.1% | 45.2% | ||
| Q4 24 | 8.6% | 44.6% | ||
| Q3 24 | 8.0% | 44.3% | ||
| Q2 24 | 7.6% | 46.8% |
每股收益（稀释后）GDMA
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $4.52 | ||
| Q3 25 | — | $4.34 | ||
| Q2 25 | — | $4.07 | ||
| Q1 25 | — | $3.59 | ||
| Q4 24 | — | $3.64 | ||
| Q3 24 | — | $3.53 | ||
| Q2 24 | — | $3.50 |
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 | $10.6B |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $26.1B | $7.7B |
| 总资产 | $59.0B | $54.2B |
| 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GDMA
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $10.6B | ||
| Q3 25 | $2.5B | $10.3B | ||
| Q2 25 | $1.5B | $9.0B | ||
| Q1 25 | $1.2B | $7.6B | ||
| Q4 24 | $1.7B | $8.4B | ||
| Q3 24 | $2.1B | $11.1B | ||
| Q2 24 | $1.4B | $7.0B |
总债务GDMA
| 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GDMA
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $7.7B | ||
| Q3 25 | $24.4B | $7.9B | ||
| Q2 25 | $23.6B | $7.9B | ||
| Q1 25 | $22.2B | $6.7B | ||
| Q4 24 | $22.1B | $6.5B | ||
| Q3 24 | $23.0B | $7.4B | ||
| Q2 24 | $22.0B | $7.4B |
总资产GDMA
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $54.2B | ||
| Q3 25 | $57.6B | $53.3B | ||
| Q2 25 | $56.9B | $51.4B | ||
| Q1 25 | $56.6B | $48.5B | ||
| Q4 24 | $55.9B | $48.1B | ||
| Q3 24 | $57.3B | $47.2B | ||
| Q2 24 | $55.4B | $42.3B |
负债/权益比GDMA
| 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 | — | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $4.9B |
| 自由现金流率自由现金流/营收 | 14.5% | 55.5% |
| 资本支出强度资本支出/营收 | 1.5% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $6.2B | $17.2B |
8季度趋势，按日历期对齐
经营现金流GDMA
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $5.0B | ||
| Q3 25 | $2.1B | $5.7B | ||
| Q2 25 | $1.6B | $4.6B | ||
| Q1 25 | $-148.0M | $2.4B | ||
| Q4 24 | $2.2B | $4.8B | ||
| Q3 24 | $1.4B | $5.1B | ||
| Q2 24 | $814.0M | $3.1B |
自由现金流GDMA
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $4.9B | ||
| Q3 25 | $1.9B | $5.5B | ||
| Q2 25 | $1.4B | $4.6B | ||
| Q1 25 | $-290.0M | $2.2B | ||
| Q4 24 | $1.8B | $4.7B | ||
| Q3 24 | $1.2B | $5.0B | ||
| Q2 24 | $613.0M | $3.0B |
自由现金流率GDMA
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | 55.5% | ||
| Q3 25 | 14.7% | 63.8% | ||
| Q2 25 | 10.7% | 56.1% | ||
| Q1 25 | -2.4% | 30.6% | ||
| Q4 24 | 13.5% | 63.3% | ||
| Q3 24 | 10.4% | 68.2% | ||
| Q2 24 | 5.1% | 43.4% |
资本支出强度GDMA
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 1.3% | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 2.7% | 1.3% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 1.7% | 1.7% |
现金转化率GDMA
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 1.23× | ||
| Q3 25 | 1.99× | 1.44× | ||
| Q2 25 | 1.58× | 1.24× | ||
| Q1 25 | -0.15× | 0.73× | ||
| Q4 24 | 1.88× | 1.45× | ||
| Q3 24 | 1.52× | 1.57× | ||
| Q2 24 | 0.90× | 0.96× |
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
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
