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通用动力（GD）与Southern Company（SO）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Southern Company的1.6倍（$13.5B vs $8.4B），Southern Company净利率更高（15.9% vs 8.3%，领先7.6%），通用动力同比增速更快（10.3% vs 8.0%），过去两年Southern Company的营收复合增速更高（14.0% 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。
Southern Company是美国燃气电力公用事业控股企业，总部位于佐治亚州亚特兰大，在阿拉巴马州伯明翰设有行政办公室。截至2021年按用户规模计为美国第二大公用事业公司，旗下子公司覆盖6个州，为900万燃气及电力用户提供服务，供电区域达12万平方英里。
GD vs SO — 直观对比
营收规模更大
GD
是对方的1.6倍
$8.4B
营收增速更快
GD
高出2.3%
8.0%
净利率更高
SO
高出7.6%
8.3%
两年增速更快
SO
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $8.4B |
| 净利润 | $1.1B | $1.3B |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 24.0% |
| 净利率 | 8.3% | 15.9% |
| 营收同比 | 10.3% | 8.0% |
| 净利润同比 | 13.2% | 5.4% |
| 每股收益（稀释后） | $4.10 | — |
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GDSO
| Q1 26 | $13.5B | $8.4B | ||
| Q4 25 | $14.4B | $7.0B | ||
| Q3 25 | $12.9B | $7.8B | ||
| Q2 25 | $13.0B | $7.0B | ||
| Q1 25 | $12.2B | $7.8B | ||
| Q4 24 | $13.3B | $6.3B | ||
| Q3 24 | $11.7B | $7.3B | ||
| Q2 24 | $12.0B | $6.5B |
净利润GDSO
| Q1 26 | $1.1B | $1.3B | ||
| Q4 25 | $1.1B | $341.0M | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $880.0M | ||
| Q1 25 | $994.0M | $1.3B | ||
| Q4 24 | $1.1B | $466.0M | ||
| Q3 24 | $930.0M | $1.5B | ||
| Q2 24 | $905.0M | $1.2B |
营业利润率GDSO
| Q1 26 | 10.5% | 24.0% | ||
| Q4 25 | 10.1% | 13.1% | ||
| Q3 25 | 10.3% | 33.2% | ||
| Q2 25 | 10.0% | 25.3% | ||
| Q1 25 | 10.4% | 25.9% | ||
| Q4 24 | 10.7% | 16.7% | ||
| Q3 24 | 10.1% | 32.6% | ||
| Q2 24 | 9.7% | 30.0% |
净利率GDSO
| Q1 26 | 8.3% | 15.9% | ||
| Q4 25 | 7.9% | 4.9% | ||
| Q3 25 | 8.2% | 21.9% | ||
| Q2 25 | 7.8% | 12.6% | ||
| Q1 25 | 8.1% | 16.3% | ||
| Q4 24 | 8.6% | 7.3% | ||
| Q3 24 | 8.0% | 21.1% | ||
| Q2 24 | 7.6% | 18.6% |
每股收益（稀释后）GDSO
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $0.38 | ||
| Q3 25 | — | $1.54 | ||
| Q2 25 | — | $0.79 | ||
| Q1 25 | — | $1.21 | ||
| Q4 24 | — | $0.48 | ||
| Q3 24 | — | $1.39 | ||
| Q2 24 | — | $1.09 |
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 | — |
| 总债务越低越好 | $6.3B | — |
| 股东权益账面价值 | $26.1B | — |
| 总资产 | $59.0B | — |
| 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GDSO
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.5B | $3.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $1.4B | $1.2B |
总债务GDSO
| Q1 26 | $6.3B | — | ||
| Q4 25 | $8.1B | $65.6B | ||
| Q3 25 | — | $64.6B | ||
| Q2 25 | — | $63.0B | ||
| Q1 25 | — | $62.9B | ||
| Q4 24 | $8.8B | $58.8B | ||
| Q3 24 | — | $61.3B | ||
| Q2 24 | — | $59.9B |
股东权益GDSO
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $36.0B | ||
| Q3 25 | $24.4B | $38.3B | ||
| Q2 25 | $23.6B | $37.3B | ||
| Q1 25 | $22.2B | $37.2B | ||
| Q4 24 | $22.1B | $33.2B | ||
| Q3 24 | $23.0B | $36.9B | ||
| Q2 24 | $22.0B | $36.1B |
总资产GDSO
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $155.7B | ||
| Q3 25 | $57.6B | $153.2B | ||
| Q2 25 | $56.9B | $148.9B | ||
| Q1 25 | $56.6B | $148.1B | ||
| Q4 24 | $55.9B | $145.2B | ||
| Q3 24 | $57.3B | $144.0B | ||
| Q2 24 | $55.4B | $141.9B |
负债/权益比GDSO
| Q1 26 | 0.24× | — | ||
| Q4 25 | 0.32× | 1.82× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | 0.40× | 1.77× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 1.66× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 14.5% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $6.2B | — |
8季度趋势，按日历期对齐
经营现金流GDSO
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.6B | ||
| Q3 25 | $2.1B | $3.8B | ||
| Q2 25 | $1.6B | $2.2B | ||
| Q1 25 | $-148.0M | $1.3B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $1.4B | $3.6B | ||
| Q2 24 | $814.0M | $2.7B |
自由现金流GDSO
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | $-1.7B | ||
| Q3 25 | $1.9B | $559.0M | ||
| Q2 25 | $1.4B | $-619.0M | ||
| Q1 25 | $-290.0M | $-1.2B | ||
| Q4 24 | $1.8B | $-576.0M | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $613.0M | $563.0M |
自由现金流率GDSO
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | -24.2% | ||
| Q3 25 | 14.7% | 7.1% | ||
| Q2 25 | 10.7% | -8.9% | ||
| Q1 25 | -2.4% | -15.3% | ||
| Q4 24 | 13.5% | -9.1% | ||
| Q3 24 | 10.4% | 17.9% | ||
| Q2 24 | 5.1% | 8.7% |
资本支出强度GDSO
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | 61.4% | ||
| Q3 25 | 1.6% | 41.1% | ||
| Q2 25 | 1.5% | 40.2% | ||
| Q1 25 | 1.2% | 31.3% | ||
| Q4 24 | 2.7% | 43.4% | ||
| Q3 24 | 1.7% | 31.8% | ||
| Q2 24 | 1.7% | 32.9% |
现金转化率GDSO
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 7.62× | ||
| Q3 25 | 1.99× | 2.21× | ||
| Q2 25 | 1.58× | 2.48× | ||
| Q1 25 | -0.15× | 0.98× | ||
| Q4 24 | 1.88× | 4.66× | ||
| Q3 24 | 1.52× | 2.36× | ||
| Q2 24 | 0.90× | 2.23× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
