vs
通用动力（GD）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是通用动力的1.3倍（$17.9B vs $13.5B），摩根士丹利净利率更高（24.6% vs 8.3%，领先16.2%）
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。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
GD vs MS — 直观对比
营收规模更大
MS
是对方的1.3倍
$13.5B
净利率更高
MS
高出16.2%
8.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $17.9B |
| 净利润 | $1.1B | $4.4B |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 32.2% |
| 净利率 | 8.3% | 24.6% |
| 营收同比 | 10.3% | — |
| 净利润同比 | 13.2% | — |
| 每股收益（稀释后） | $4.10 | $2.68 |
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GDMS
| Q1 26 | $13.5B | — | ||
| Q4 25 | $14.4B | $17.9B | ||
| Q3 25 | $12.9B | $18.2B | ||
| Q2 25 | $13.0B | $16.8B | ||
| Q1 25 | $12.2B | $17.7B | ||
| Q4 24 | $13.3B | — | ||
| Q3 24 | $11.7B | $15.4B | ||
| Q2 24 | $12.0B | $15.0B |
净利润GDMS
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.1B | $4.6B | ||
| Q2 25 | $1.0B | $3.5B | ||
| Q1 25 | $994.0M | $4.3B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $930.0M | $3.2B | ||
| Q2 24 | $905.0M | $3.1B |
营业利润率GDMS
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | 32.2% | ||
| Q3 25 | 10.3% | 33.1% | ||
| Q2 25 | 10.0% | 27.5% | ||
| Q1 25 | 10.4% | 31.3% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.1% | 27.4% | ||
| Q2 24 | 9.7% | 27.1% |
净利率GDMS
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 24.6% | ||
| Q3 25 | 8.2% | 25.3% | ||
| Q2 25 | 7.8% | 21.1% | ||
| Q1 25 | 8.1% | 24.3% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 8.0% | 20.7% | ||
| Q2 24 | 7.6% | 20.5% |
每股收益（稀释后）GDMS
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $2.68 | ||
| Q3 25 | — | $2.80 | ||
| Q2 25 | — | $2.13 | ||
| Q1 25 | — | $2.60 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.88 | ||
| Q2 24 | — | $1.82 |
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 | $111.7B |
| 总债务越低越好 | $6.3B | $341.7B |
| 股东权益账面价值 | $26.1B | $111.6B |
| 总资产 | $59.0B | $1420.3B |
| 负债/权益比越低杠杆越低 | 0.24× | 3.06× |
8季度趋势，按日历期对齐
现金及短期投资GDMS
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $111.7B | ||
| Q3 25 | $2.5B | $103.7B | ||
| Q2 25 | $1.5B | $109.1B | ||
| Q1 25 | $1.2B | $90.7B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $2.1B | $91.1B | ||
| Q2 24 | $1.4B | $90.2B |
总债务GDMS
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | $341.7B | ||
| Q3 25 | — | $324.1B | ||
| Q2 25 | — | $320.1B | ||
| Q1 25 | — | $297.0B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | $291.2B | ||
| Q2 24 | — | $269.9B |
股东权益GDMS
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $111.6B | ||
| Q3 25 | $24.4B | $110.0B | ||
| Q2 25 | $23.6B | $108.2B | ||
| Q1 25 | $22.2B | $106.8B | ||
| Q4 24 | $22.1B | — | ||
| Q3 24 | $23.0B | $103.6B | ||
| Q2 24 | $22.0B | $100.7B |
总资产GDMS
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $1420.3B | ||
| Q3 25 | $57.6B | $1364.8B | ||
| Q2 25 | $56.9B | $1353.9B | ||
| Q1 25 | $56.6B | $1300.3B | ||
| Q4 24 | $55.9B | — | ||
| Q3 24 | $57.3B | $1258.0B | ||
| Q2 24 | $55.4B | $1212.4B |
负债/权益比GDMS
| Q1 26 | 0.24× | — | ||
| Q4 25 | 0.32× | 3.06× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 2.68× |
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 | — | $-2.4B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 14.5% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | -0.55× |
| 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GDMS
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-2.4B | ||
| Q3 25 | $2.1B | $-3.3B | ||
| Q2 25 | $1.6B | $11.8B | ||
| Q1 25 | $-148.0M | $-24.0B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $814.0M | — |
自由现金流GDMS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $-290.0M | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $613.0M | — |
自由现金流率GDMS
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 5.1% | — |
资本支出强度GDMS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.7% | — |
现金转化率GDMS
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | -0.55× | ||
| Q3 25 | 1.99× | -0.72× | ||
| Q2 25 | 1.58× | 3.34× | ||
| Q1 25 | -0.15× | -5.56× | ||
| 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
