vs
通用动力（GD）与贝宝（PYPL）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贝宝的1.6倍（$13.5B vs $8.7B），贝宝净利率更高（16.6% vs 8.3%，领先8.2%），通用动力同比增速更快（10.3% vs 3.7%），贝宝自由现金流更多（$2.2B vs $2.0B），过去两年贝宝的营收复合增速更高（6.2% 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。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
GD vs PYPL — 直观对比
营收规模更大
GD
是对方的1.6倍
$8.7B
营收增速更快
GD
高出6.6%
3.7%
净利率更高
PYPL
高出8.2%
8.3%
自由现金流更多
PYPL
多$238.0M
$2.0B
两年增速更快
PYPL
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $8.7B |
| 净利润 | $1.1B | $1.4B |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 17.4% |
| 净利率 | 8.3% | 16.6% |
| 营收同比 | 10.3% | 3.7% |
| 净利润同比 | 758.8% | 28.2% |
| 每股收益（稀释后） | $4.10 | $1.53 |
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GDPYPL
| Q1 26 | $13.5B | — | ||
| Q4 25 | $14.4B | $8.7B | ||
| Q3 25 | $12.9B | $8.4B | ||
| Q2 25 | $13.0B | $8.3B | ||
| Q1 25 | $12.2B | $7.8B | ||
| Q4 24 | $13.3B | $8.4B | ||
| Q3 24 | $11.7B | $7.8B | ||
| Q2 24 | $12.0B | $7.9B |
净利润GDPYPL
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $994.0M | $1.3B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $930.0M | $1.0B | ||
| Q2 24 | $905.0M | $1.1B |
营业利润率GDPYPL
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | 17.4% | ||
| Q3 25 | 10.3% | 18.1% | ||
| Q2 25 | 10.0% | 18.1% | ||
| Q1 25 | 10.4% | 19.6% | ||
| Q4 24 | 10.7% | 17.2% | ||
| Q3 24 | 10.1% | 17.7% | ||
| Q2 24 | 9.7% | 16.8% |
净利率GDPYPL
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 16.6% | ||
| Q3 25 | 8.2% | 14.8% | ||
| Q2 25 | 7.8% | 15.2% | ||
| Q1 25 | 8.1% | 16.5% | ||
| Q4 24 | 8.6% | 13.4% | ||
| Q3 24 | 8.0% | 12.9% | ||
| Q2 24 | 7.6% | 14.3% |
每股收益（稀释后）GDPYPL
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $1.53 | ||
| Q3 25 | — | $1.30 | ||
| Q2 25 | — | $1.29 | ||
| Q1 25 | — | $1.29 | ||
| Q4 24 | — | $1.09 | ||
| Q3 24 | — | $0.99 | ||
| Q2 24 | — | $1.08 |
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 | $10.4B |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $26.1B | $20.3B |
| 总资产 | $59.0B | $80.2B |
| 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GDPYPL
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $10.4B | ||
| Q3 25 | $2.5B | $10.8B | ||
| Q2 25 | $1.5B | $10.0B | ||
| Q1 25 | $1.2B | $11.2B | ||
| Q4 24 | $1.7B | $10.8B | ||
| Q3 24 | $2.1B | $11.9B | ||
| Q2 24 | $1.4B | $13.6B |
总债务GDPYPL
| 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GDPYPL
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $20.3B | ||
| Q3 25 | $24.4B | $20.2B | ||
| Q2 25 | $23.6B | $20.2B | ||
| Q1 25 | $22.2B | $20.3B | ||
| Q4 24 | $22.1B | $20.4B | ||
| Q3 24 | $23.0B | $20.2B | ||
| Q2 24 | $22.0B | $20.6B |
总资产GDPYPL
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $80.2B | ||
| Q3 25 | $57.6B | $79.8B | ||
| Q2 25 | $56.9B | $79.8B | ||
| Q1 25 | $56.6B | $81.3B | ||
| Q4 24 | $55.9B | $81.6B | ||
| Q3 24 | $57.3B | $83.5B | ||
| Q2 24 | $55.4B | $84.0B |
负债/权益比GDPYPL
| 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 | — | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $2.2B |
| 自由现金流率自由现金流/营收 | 14.5% | 25.2% |
| 资本支出强度资本支出/营收 | 1.5% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.66× |
| 过去12个月自由现金流最近4个季度 | $6.2B | $5.6B |
8季度趋势，按日历期对齐
经营现金流GDPYPL
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $1.6B | $898.0M | ||
| Q1 25 | $-148.0M | $1.2B | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $814.0M | $1.5B |
自由现金流GDPYPL
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $2.2B | ||
| Q3 25 | $1.9B | $1.7B | ||
| Q2 25 | $1.4B | $692.0M | ||
| Q1 25 | $-290.0M | $964.0M | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $613.0M | $1.4B |
自由现金流率GDPYPL
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | 25.2% | ||
| Q3 25 | 14.7% | 20.4% | ||
| Q2 25 | 10.7% | 8.3% | ||
| Q1 25 | -2.4% | 12.4% | ||
| Q4 24 | 13.5% | 26.2% | ||
| Q3 24 | 10.4% | 18.4% | ||
| Q2 24 | 5.1% | 17.3% |
资本支出强度GDPYPL
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 2.2% | ||
| Q3 25 | 1.6% | 3.0% | ||
| Q2 25 | 1.5% | 2.5% | ||
| Q1 25 | 1.2% | 2.5% | ||
| Q4 24 | 2.7% | 2.4% | ||
| Q3 24 | 1.7% | 2.2% | ||
| Q2 24 | 1.7% | 2.0% |
现金转化率GDPYPL
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 1.66× | ||
| Q3 25 | 1.99× | 1.58× | ||
| Q2 25 | 1.58× | 0.71× | ||
| Q1 25 | -0.15× | 0.90× | ||
| Q4 24 | 1.88× | 2.14× | ||
| Q3 24 | 1.52× | 1.60× | ||
| Q2 24 | 0.90× | 1.35× |
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
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
