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通用动力（GD）与高通（QCOM）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高通的1.1倍（$13.5B vs $12.3B），高通净利率更高（24.5% vs 8.3%，领先16.2%），通用动力同比增速更快（10.3% vs 5.0%），高通自由现金流更多（$4.4B vs $2.0B），过去两年高通的营收复合增速更高（14.2% 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。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
GD vs QCOM — 直观对比
营收规模更大
GD
是对方的1.1倍
$12.3B
营收增速更快
GD
高出5.3%
5.0%
净利率更高
QCOM
高出16.2%
8.3%
自由现金流更多
QCOM
多$2.5B
$2.0B
两年增速更快
QCOM
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $12.3B |
| 净利润 | $1.1B | $3.0B |
| 毛利率 | — | 54.6% |
| 营业利润率 | 10.5% | 27.5% |
| 净利率 | 8.3% | 24.5% |
| 营收同比 | 10.3% | 5.0% |
| 净利润同比 | 758.8% | -5.5% |
| 每股收益（稀释后） | $4.10 | $2.78 |
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GDQCOM
| Q1 26 | $13.5B | — | ||
| Q4 25 | $14.4B | $12.3B | ||
| Q3 25 | $12.9B | $11.3B | ||
| Q2 25 | $13.0B | $10.4B | ||
| Q1 25 | $12.2B | $11.0B | ||
| Q4 24 | $13.3B | $11.7B | ||
| Q3 24 | $11.7B | $10.2B | ||
| Q2 24 | $12.0B | $9.4B |
净利润GDQCOM
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $1.1B | $-3.1B | ||
| Q2 25 | $1.0B | $2.7B | ||
| Q1 25 | $994.0M | $2.8B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $930.0M | $2.9B | ||
| Q2 24 | $905.0M | $2.1B |
毛利率GDQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | 54.6% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 55.6% | ||
| Q1 25 | — | 55.0% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 56.4% | ||
| Q2 24 | — | 55.6% |
营业利润率GDQCOM
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | 27.5% | ||
| Q3 25 | 10.3% | 25.9% | ||
| Q2 25 | 10.0% | 26.6% | ||
| Q1 25 | 10.4% | 28.4% | ||
| Q4 24 | 10.7% | 30.5% | ||
| Q3 24 | 10.1% | 25.2% | ||
| Q2 24 | 9.7% | 23.6% |
净利率GDQCOM
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 24.5% | ||
| Q3 25 | 8.2% | -27.7% | ||
| Q2 25 | 7.8% | 25.7% | ||
| Q1 25 | 8.1% | 25.6% | ||
| Q4 24 | 8.6% | 27.3% | ||
| Q3 24 | 8.0% | 28.5% | ||
| Q2 24 | 7.6% | 22.7% |
每股收益（稀释后）GDQCOM
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $2.78 | ||
| Q3 25 | — | $-2.77 | ||
| Q2 25 | — | $2.43 | ||
| Q1 25 | — | $2.52 | ||
| Q4 24 | — | $2.83 | ||
| Q3 24 | — | $2.57 | ||
| Q2 24 | — | $1.88 |
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 | $11.8B |
| 总债务越低越好 | $6.3B | $14.8B |
| 股东权益账面价值 | $26.1B | $23.1B |
| 总资产 | $59.0B | $53.0B |
| 负债/权益比越低杠杆越低 | 0.24× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资GDQCOM
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $11.8B | ||
| Q3 25 | $2.5B | $10.2B | ||
| Q2 25 | $1.5B | $10.0B | ||
| Q1 25 | $1.2B | $13.8B | ||
| Q4 24 | $1.7B | $14.3B | ||
| Q3 24 | $2.1B | $13.3B | ||
| Q2 24 | $1.4B | $13.0B |
总债务GDQCOM
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | — | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | $8.8B | $13.2B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.2B |
股东权益GDQCOM
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $23.1B | ||
| Q3 25 | $24.4B | $21.2B | ||
| Q2 25 | $23.6B | $27.2B | ||
| Q1 25 | $22.2B | $27.7B | ||
| Q4 24 | $22.1B | $26.9B | ||
| Q3 24 | $23.0B | $26.3B | ||
| Q2 24 | $22.0B | $24.7B |
总资产GDQCOM
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $53.0B | ||
| Q3 25 | $57.6B | $50.1B | ||
| Q2 25 | $56.9B | $54.9B | ||
| Q1 25 | $56.6B | $55.4B | ||
| Q4 24 | $55.9B | $55.6B | ||
| Q3 24 | $57.3B | $55.2B | ||
| Q2 24 | $55.4B | $52.7B |
负债/权益比GDQCOM
| Q1 26 | 0.24× | — | ||
| Q4 25 | 0.32× | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | 0.40× | 0.49× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.53× |
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 | $4.4B |
| 自由现金流率自由现金流/营收 | 14.5% | 36.0% |
| 资本支出强度资本支出/营收 | 1.5% | 4.5% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $6.2B | $12.9B |
8季度趋势，按日历期对齐
经营现金流GDQCOM
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $5.0B | ||
| Q3 25 | $2.1B | $4.0B | ||
| Q2 25 | $1.6B | $2.9B | ||
| Q1 25 | $-148.0M | $2.6B | ||
| Q4 24 | $2.2B | $4.6B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $814.0M | $3.1B |
自由现金流GDQCOM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $4.4B | ||
| Q3 25 | $1.9B | $3.6B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $-290.0M | $2.3B | ||
| Q4 24 | $1.8B | $4.3B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $613.0M | $2.7B |
自由现金流率GDQCOM
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | 36.0% | ||
| Q3 25 | 14.7% | 31.8% | ||
| Q2 25 | 10.7% | 24.9% | ||
| Q1 25 | -2.4% | 21.3% | ||
| Q4 24 | 13.5% | 36.9% | ||
| Q3 24 | 10.4% | 23.3% | ||
| Q2 24 | 5.1% | 28.4% |
资本支出强度GDQCOM
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 4.5% | ||
| Q3 25 | 1.6% | 3.6% | ||
| Q2 25 | 1.5% | 2.8% | ||
| Q1 25 | 1.2% | 1.9% | ||
| Q4 24 | 2.7% | 2.4% | ||
| Q3 24 | 1.7% | 2.5% | ||
| Q2 24 | 1.7% | 4.1% |
现金转化率GDQCOM
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 1.65× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.58× | 1.08× | ||
| Q1 25 | -0.15× | 0.91× | ||
| Q4 24 | 1.88× | 1.44× | ||
| Q3 24 | 1.52× | 0.91× | ||
| Q2 24 | 0.90× | 1.43× |
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
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
