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通用动力（GD）与菲利普莫里斯国际（PM）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菲利普莫里斯国际的1.4倍（$14.4B vs $10.1B），菲利普莫里斯国际净利率更高（24.0% vs 7.9%，领先16.1%），菲利普莫里斯国际同比增速更快（9.1% vs 7.8%），过去两年通用动力的营收复合增速更高（15.8% vs 3.5%）
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。
菲利普莫里斯国际是全球头部烟草企业，产品销往180余个国家和地区，旗下万宝路是全球最知名的烟草品牌，2023年第四季度加热不燃烧产品IQOS贡献了最高营收，位列2025年财富美国500强第121位。
GD vs PM — 直观对比
营收规模更大
GD
是对方的1.4倍
$10.1B
营收增速更快
PM
高出1.3%
7.8%
净利率更高
PM
高出16.1%
7.9%
两年增速更快
GD
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $10.1B |
| 净利润 | $1.1B | $2.4B |
| 毛利率 | — | 68.1% |
| 营业利润率 | 10.1% | 38.4% |
| 净利率 | 7.9% | 24.0% |
| 营收同比 | 7.8% | 9.1% |
| 净利润同比 | -0.4% | -9.4% |
| 每股收益（稀释后） | — | $1.56 |
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GDPM
| Q1 26 | — | $10.1B | ||
| Q4 25 | $14.4B | $10.4B | ||
| Q3 25 | $12.9B | $10.8B | ||
| Q2 25 | $13.0B | $10.1B | ||
| Q1 25 | $12.2B | $9.3B | ||
| Q4 24 | $13.3B | $9.7B | ||
| Q3 24 | $11.7B | $9.9B | ||
| Q2 24 | $12.0B | $9.5B |
净利润GDPM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.1B | $3.5B | ||
| Q2 25 | $1.0B | $3.0B | ||
| Q1 25 | $994.0M | $2.7B | ||
| Q4 24 | $1.1B | $-579.0M | ||
| Q3 24 | $930.0M | $3.1B | ||
| Q2 24 | $905.0M | $2.4B |
毛利率GDPM
| Q1 26 | — | 68.1% | ||
| Q4 25 | — | 65.6% | ||
| Q3 25 | — | 67.8% | ||
| Q2 25 | — | 67.7% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | — | 66.0% | ||
| Q2 24 | — | 64.7% |
营业利润率GDPM
| Q1 26 | — | 38.4% | ||
| Q4 25 | 10.1% | 32.6% | ||
| Q3 25 | 10.3% | 39.3% | ||
| Q2 25 | 10.0% | 36.6% | ||
| Q1 25 | 10.4% | 38.1% | ||
| Q4 24 | 10.7% | 33.6% | ||
| Q3 24 | 10.1% | 36.9% | ||
| Q2 24 | 9.7% | 36.4% |
净利率GDPM
| Q1 26 | — | 24.0% | ||
| Q4 25 | 7.9% | 20.7% | ||
| Q3 25 | 8.2% | 32.1% | ||
| Q2 25 | 7.8% | 30.0% | ||
| Q1 25 | 8.1% | 28.9% | ||
| Q4 24 | 8.6% | -6.0% | ||
| Q3 24 | 8.0% | 31.1% | ||
| Q2 24 | 7.6% | 25.4% |
每股收益（稀释后）GDPM
| Q1 26 | — | $1.56 | ||
| Q4 25 | — | $1.36 | ||
| Q3 25 | — | $2.23 | ||
| Q2 25 | — | $1.95 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $-0.37 | ||
| Q3 24 | — | $1.97 | ||
| Q2 24 | — | $1.54 |
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 | $5.5B |
| 总债务越低越好 | $8.1B | $49.5B |
| 股东权益账面价值 | $25.6B | — |
| 总资产 | $57.2B | $68.9B |
| 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GDPM
| Q1 26 | — | $5.5B | ||
| Q4 25 | $2.3B | $4.9B | ||
| Q3 25 | $2.5B | $4.0B | ||
| Q2 25 | $1.5B | $4.1B | ||
| Q1 25 | $1.2B | $4.4B | ||
| Q4 24 | $1.7B | $4.2B | ||
| Q3 24 | $2.1B | $4.3B | ||
| Q2 24 | $1.4B | $4.8B |
总债务GDPM
| Q1 26 | — | $49.5B | ||
| Q4 25 | $8.1B | $45.1B | ||
| Q3 25 | — | $41.9B | ||
| Q2 25 | — | $42.4B | ||
| Q1 25 | — | $38.8B | ||
| Q4 24 | $8.8B | $42.2B | ||
| Q3 24 | — | $44.2B | ||
| Q2 24 | — | $44.6B |
股东权益GDPM
| Q1 26 | — | — | ||
| Q4 25 | $25.6B | $-10.0B | ||
| Q3 25 | $24.4B | $-10.9B | ||
| Q2 25 | $23.6B | $-12.0B | ||
| Q1 25 | $22.2B | $-10.9B | ||
| Q4 24 | $22.1B | $-11.8B | ||
| Q3 24 | $23.0B | $-9.7B | ||
| Q2 24 | $22.0B | $-9.7B |
总资产GDPM
| Q1 26 | — | $68.9B | ||
| Q4 25 | $57.2B | $69.2B | ||
| Q3 25 | $57.6B | $67.1B | ||
| Q2 25 | $56.9B | $68.5B | ||
| Q1 25 | $56.6B | $65.1B | ||
| Q4 24 | $55.9B | $61.8B | ||
| Q3 24 | $57.3B | $66.9B | ||
| Q2 24 | $55.4B | $65.8B |
负债/权益比GDPM
| Q1 26 | — | — | ||
| 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 | $1.6B | — |
| 自由现金流经营现金流 - 资本支出 | $952.0M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | 1.37× | — |
| 过去12个月自由现金流最近4个季度 | $4.0B | — |
8季度趋势，按日历期对齐
经营现金流GDPM
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $4.7B | ||
| Q3 25 | $2.1B | $4.5B | ||
| Q2 25 | $1.6B | $3.4B | ||
| Q1 25 | $-148.0M | $-350.0M | ||
| Q4 24 | $2.2B | $4.0B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $814.0M | $4.6B |
自由现金流GDPM
| Q1 26 | — | — | ||
| Q4 25 | $952.0M | $4.3B | ||
| Q3 25 | $1.9B | $4.1B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $-290.0M | $-754.0M | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $613.0M | $4.3B |
自由现金流率GDPM
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 41.2% | ||
| Q3 25 | 14.7% | 37.8% | ||
| Q2 25 | 10.7% | 30.1% | ||
| Q1 25 | -2.4% | -8.1% | ||
| Q4 24 | 13.5% | 38.4% | ||
| Q3 24 | 10.4% | 29.9% | ||
| Q2 24 | 5.1% | 45.0% |
资本支出强度GDPM
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 4.3% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.5% | 3.5% | ||
| Q1 25 | 1.2% | 4.3% | ||
| Q4 24 | 2.7% | 2.9% | ||
| Q3 24 | 1.7% | 3.8% | ||
| Q2 24 | 1.7% | 3.9% |
现金转化率GDPM
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 2.20× | ||
| Q3 25 | 1.99× | 1.28× | ||
| Q2 25 | 1.58× | 1.12× | ||
| Q1 25 | -0.15× | -0.13× | ||
| Q4 24 | 1.88× | — | ||
| Q3 24 | 1.52× | 1.08× | ||
| Q2 24 | 0.90× | 1.93× |
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% |
PM
暂无分部数据
