vs
通用动力（GD）与斯伦贝谢（SLB）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斯伦贝谢的1.6倍（$14.4B vs $8.7B），斯伦贝谢净利率更高（8.6% vs 7.9%，领先0.7%），通用动力同比增速更快（7.8% vs 2.7%），通用动力自由现金流更多（$952.0M vs $103.0M），过去两年通用动力的营收复合增速更高（15.8% vs -2.3%）
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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
GD vs SLB — 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5.1%
2.7%
净利率更高
SLB
高出0.7%
7.9%
自由现金流更多
GD
多$849.0M
$103.0M
两年增速更快
GD
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $8.7B |
| 净利润 | $1.1B | $752.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.1% | — |
| 净利率 | 7.9% | 8.6% |
| 营收同比 | 7.8% | 2.7% |
| 净利润同比 | -0.4% | -5.6% |
| 每股收益（稀释后） | — | $0.50 |
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GDSLB
| Q1 26 | — | $8.7B | ||
| Q4 25 | $14.4B | $9.7B | ||
| Q3 25 | $12.9B | $8.9B | ||
| Q2 25 | $13.0B | $8.5B | ||
| Q1 25 | $12.2B | $8.5B | ||
| Q4 24 | $13.3B | $9.3B | ||
| Q3 24 | $11.7B | $9.2B | ||
| Q2 24 | $12.0B | $9.1B |
净利润GDSLB
| Q1 26 | — | $752.0M | ||
| Q4 25 | $1.1B | $824.0M | ||
| Q3 25 | $1.1B | $739.0M | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $994.0M | $797.0M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $930.0M | $1.2B | ||
| Q2 24 | $905.0M | $1.1B |
营业利润率GDSLB
| Q1 26 | — | — | ||
| Q4 25 | 10.1% | 9.7% | ||
| Q3 25 | 10.3% | 11.2% | ||
| Q2 25 | 10.0% | 15.0% | ||
| Q1 25 | 10.4% | 12.5% | ||
| Q4 24 | 10.7% | 14.9% | ||
| Q3 24 | 10.1% | 16.5% | ||
| Q2 24 | 9.7% | 15.5% |
净利率GDSLB
| Q1 26 | — | 8.6% | ||
| Q4 25 | 7.9% | 8.5% | ||
| Q3 25 | 8.2% | 8.3% | ||
| Q2 25 | 7.8% | 11.9% | ||
| Q1 25 | 8.1% | 9.4% | ||
| Q4 24 | 8.6% | 11.8% | ||
| Q3 24 | 8.0% | 12.9% | ||
| Q2 24 | 7.6% | 12.2% |
每股收益（稀释后）GDSLB
| Q1 26 | — | $0.50 | ||
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.50 | ||
| Q2 25 | — | $0.74 | ||
| Q1 25 | — | $0.58 | ||
| Q4 24 | — | $0.77 | ||
| Q3 24 | — | $0.83 | ||
| Q2 24 | — | $0.77 |
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 | $3.4B |
| 总债务越低越好 | $8.1B | $9.7B |
| 股东权益账面价值 | $25.6B | $27.4B |
| 总资产 | $57.2B | $19.3B |
| 负债/权益比越低杠杆越低 | 0.32× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资GDSLB
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.5B | $571.0M | ||
| Q2 25 | $1.5B | $511.0M | ||
| Q1 25 | $1.2B | $961.0M | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $1.4B | $1.1B |
总债务GDSLB
| Q1 26 | — | $9.7B | ||
| Q4 25 | $8.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GDSLB
| Q1 26 | — | $27.4B | ||
| Q4 25 | $25.6B | $26.1B | ||
| Q3 25 | $24.4B | $25.6B | ||
| Q2 25 | $23.6B | $20.3B | ||
| Q1 25 | $22.2B | $19.5B | ||
| Q4 24 | $22.1B | $21.1B | ||
| Q3 24 | $23.0B | $21.5B | ||
| Q2 24 | $22.0B | $21.1B |
总资产GDSLB
| Q1 26 | — | $19.3B | ||
| Q4 25 | $57.2B | $54.9B | ||
| Q3 25 | $57.6B | $55.1B | ||
| Q2 25 | $56.9B | $48.8B | ||
| Q1 25 | $56.6B | $49.0B | ||
| Q4 24 | $55.9B | $48.9B | ||
| Q3 24 | $57.3B | $49.8B | ||
| Q2 24 | $55.4B | $49.4B |
负债/权益比GDSLB
| Q1 26 | — | 0.35× | ||
| 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 | $103.0M |
| 自由现金流率自由现金流/营收 | 6.6% | 1.2% |
| 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 | $4.6B |
8季度趋势，按日历期对齐
经营现金流GDSLB
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $3.0B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $-148.0M | $660.0M | ||
| Q4 24 | $2.2B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $814.0M | $1.4B |
自由现金流GDSLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $952.0M | $2.5B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.4B | $771.0M | ||
| Q1 25 | $-290.0M | $262.0M | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $613.0M | $973.0M |
自由现金流率GDSLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 6.6% | 25.5% | ||
| Q3 25 | 14.7% | 14.3% | ||
| Q2 25 | 10.7% | 9.0% | ||
| Q1 25 | -2.4% | 3.1% | ||
| Q4 24 | 13.5% | 19.2% | ||
| Q3 24 | 10.4% | 21.7% | ||
| Q2 24 | 5.1% | 10.6% |
资本支出强度GDSLB
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 5.3% | ||
| Q3 25 | 1.6% | 4.6% | ||
| Q2 25 | 1.5% | 4.3% | ||
| Q1 25 | 1.2% | 4.7% | ||
| Q4 24 | 2.7% | 6.6% | ||
| Q3 24 | 1.7% | 5.0% | ||
| Q2 24 | 1.7% | 5.1% |
现金转化率GDSLB
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 3.65× | ||
| Q3 25 | 1.99× | 2.28× | ||
| Q2 25 | 1.58× | 1.13× | ||
| Q1 25 | -0.15× | 0.83× | ||
| Q4 24 | 1.88× | 2.18× | ||
| Q3 24 | 1.52× | 2.06× | ||
| Q2 24 | 0.90× | 1.29× |
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% |
SLB
暂无分部数据
