vs
通用动力（GD）与甲骨文（ORCL）财务数据对比。点击上方公司名可切换其他公司
甲骨文的季度营收约是通用动力的1.1倍（$16.1B vs $14.4B），甲骨文净利率更高（38.2% vs 7.9%，领先30.3%），甲骨文同比增速更快（14.2% vs 7.8%），通用动力自由现金流更多（$952.0M vs $-10.0B），过去两年通用动力的营收复合增速更高（15.8% vs 10.0%）
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。
甲骨文公司是全球知名的企业软件公司，主打数据库软件、企业级应用软件、云基础设施与云服务等业务，为全球各行业的企业提供数字化转型、数据管理与业务运营的技术解决方案，在全球企业级科技领域占据重要地位。
GD vs ORCL — 直观对比
营收规模更大
ORCL
是对方的1.1倍
$14.4B
营收增速更快
ORCL
高出6.4%
7.8%
净利率更高
ORCL
高出30.3%
7.9%
自由现金流更多
GD
多$10.9B
$-10.0B
两年增速更快
GD
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $16.1B |
| 净利润 | $1.1B | $6.1B |
| 毛利率 | — | — |
| 营业利润率 | 10.1% | 29.5% |
| 净利率 | 7.9% | 38.2% |
| 营收同比 | 7.8% | 14.2% |
| 净利润同比 | -0.4% | 94.7% |
| 每股收益（稀释后） | — | $2.10 |
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GDORCL
| Q4 25 | $14.4B | $16.1B | ||
| Q3 25 | $12.9B | $14.9B | ||
| Q2 25 | $13.0B | $15.9B | ||
| Q1 25 | $12.2B | $14.1B | ||
| Q4 24 | $13.3B | $14.1B | ||
| Q3 24 | $11.7B | $13.3B | ||
| Q2 24 | $12.0B | $14.3B | ||
| Q1 24 | $10.7B | $13.3B |
净利润GDORCL
| Q4 25 | $1.1B | $6.1B | ||
| Q3 25 | $1.1B | $2.9B | ||
| Q2 25 | $1.0B | $3.4B | ||
| Q1 25 | $994.0M | $2.9B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $930.0M | $2.9B | ||
| Q2 24 | $905.0M | $3.1B | ||
| Q1 24 | $799.0M | $2.4B |
营业利润率GDORCL
| Q4 25 | 10.1% | 29.5% | ||
| Q3 25 | 10.3% | 28.7% | ||
| Q2 25 | 10.0% | 32.1% | ||
| Q1 25 | 10.4% | 30.8% | ||
| Q4 24 | 10.7% | 30.0% | ||
| Q3 24 | 10.1% | 30.0% | ||
| Q2 24 | 9.7% | 32.8% | ||
| Q1 24 | 9.7% | 28.2% |
净利率GDORCL
| Q4 25 | 7.9% | 38.2% | ||
| Q3 25 | 8.2% | 19.6% | ||
| Q2 25 | 7.8% | 21.5% | ||
| Q1 25 | 8.1% | 20.8% | ||
| Q4 24 | 8.6% | 22.4% | ||
| Q3 24 | 8.0% | 22.0% | ||
| Q2 24 | 7.6% | 22.0% | ||
| Q1 24 | 7.4% | 18.1% |
每股收益（稀释后）GDORCL
| Q4 25 | — | $2.10 | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | — | $1.19 | ||
| Q1 25 | — | $1.02 | ||
| Q4 24 | — | $1.10 | ||
| Q3 24 | — | $1.03 | ||
| Q2 24 | — | $1.11 | ||
| Q1 24 | — | $0.85 |
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 | $2.3B | $19.2B |
| 总债务越低越好 | $8.1B | — |
| 股东权益账面价值 | $25.6B | $30.0B |
| 总资产 | $57.2B | $205.0B |
| 负债/权益比越低杠杆越低 | 0.32× | — |
8季度趋势，按日历期对齐
现金及短期投资GDORCL
| Q4 25 | $2.3B | $19.2B | ||
| Q3 25 | $2.5B | $10.4B | ||
| Q2 25 | $1.5B | $10.8B | ||
| Q1 25 | $1.2B | $17.4B | ||
| Q4 24 | $1.7B | $10.9B | ||
| Q3 24 | $2.1B | $10.6B | ||
| Q2 24 | $1.4B | $10.5B | ||
| Q1 24 | $1.0B | $9.5B |
总债务GDORCL
| Q4 25 | $8.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GDORCL
| Q4 25 | $25.6B | $30.0B | ||
| Q3 25 | $24.4B | $24.2B | ||
| Q2 25 | $23.6B | $20.5B | ||
| Q1 25 | $22.2B | $16.7B | ||
| Q4 24 | $22.1B | $13.7B | ||
| Q3 24 | $23.0B | $10.8B | ||
| Q2 24 | $22.0B | $8.7B | ||
| Q1 24 | $21.4B | $5.6B |
总资产GDORCL
| Q4 25 | $57.2B | $205.0B | ||
| Q3 25 | $57.6B | $180.4B | ||
| Q2 25 | $56.9B | $168.4B | ||
| Q1 25 | $56.6B | $161.4B | ||
| Q4 24 | $55.9B | $148.5B | ||
| Q3 24 | $57.3B | $144.2B | ||
| Q2 24 | $55.4B | $141.0B | ||
| Q1 24 | $55.2B | $137.1B |
负债/权益比GDORCL
| Q4 25 | 0.32× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.6B | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $952.0M | $-10.0B |
| 自由现金流率自由现金流/营收 | 6.6% | -62.1% |
| 资本支出强度资本支出/营收 | 4.2% | 74.9% |
| 现金转化率经营现金流/净利润 | 1.37× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $4.0B | $-13.2B |
8季度趋势，按日历期对齐
经营现金流GDORCL
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $2.1B | $8.1B | ||
| Q2 25 | $1.6B | $6.2B | ||
| Q1 25 | $-148.0M | $5.9B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $1.4B | $7.4B | ||
| Q2 24 | $814.0M | $6.1B | ||
| Q1 24 | $-278.0M | $5.5B |
自由现金流GDORCL
| Q4 25 | $952.0M | $-10.0B | ||
| Q3 25 | $1.9B | $-362.0M | ||
| Q2 25 | $1.4B | $-2.9B | ||
| Q1 25 | $-290.0M | $71.0M | ||
| Q4 24 | $1.8B | $-2.7B | ||
| Q3 24 | $1.2B | $5.1B | ||
| Q2 24 | $613.0M | $3.3B | ||
| Q1 24 | $-437.0M | $3.8B |
自由现金流率GDORCL
| Q4 25 | 6.6% | -62.1% | ||
| Q3 25 | 14.7% | -2.4% | ||
| Q2 25 | 10.7% | -18.4% | ||
| Q1 25 | -2.4% | 0.5% | ||
| Q4 24 | 13.5% | -19.0% | ||
| Q3 24 | 10.4% | 38.5% | ||
| Q2 24 | 5.1% | 23.0% | ||
| Q1 24 | -4.1% | 28.6% |
资本支出强度GDORCL
| Q4 25 | 4.2% | 74.9% | ||
| Q3 25 | 1.6% | 57.0% | ||
| Q2 25 | 1.5% | 57.1% | ||
| Q1 25 | 1.2% | 41.5% | ||
| Q4 24 | 2.7% | 28.2% | ||
| Q3 24 | 1.7% | 17.3% | ||
| Q2 24 | 1.7% | 19.6% | ||
| Q1 24 | 1.5% | 12.6% |
现金转化率GDORCL
| Q4 25 | 1.37× | 0.34× | ||
| Q3 25 | 1.99× | 2.78× | ||
| Q2 25 | 1.58× | 1.80× | ||
| Q1 25 | -0.15× | 2.02× | ||
| Q4 24 | 1.88× | 0.41× | ||
| Q3 24 | 1.52× | 2.54× | ||
| Q2 24 | 0.90× | 1.93× | ||
| Q1 24 | -0.35× | 2.28× |
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
| Aerospace | $3.8B | 26% |
| Cost Reimbursement | $2.5B | 17% |
| Information Technology Services | $2.1B | 15% |
| Militaryvehicles | $1.2B | 9% |
| C5ISR Solutions | $1.1B | 8% |
| Aircraft Services | $965.0M | 7% |
| Weapons Systemsand Munitions | $935.0M | 7% |
| Surfaceships | $920.0M | 6% |
| Engineeringand Other Services | $360.0M | 3% |
| Repairand Other Services | $344.0M | 2% |
| Contracts Accounted For Under Percentage Of Completion | $88.0M | 1% |
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
