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通用动力（GD）与T-Mobile US（TMUS）财务数据对比。点击上方公司名可切换其他公司
T-Mobile US的季度营收约是通用动力的1.7倍（$23.1B vs $13.5B），T-Mobile US净利率更高（10.8% vs 8.3%，领先2.5%），T-Mobile US同比增速更快（10.6% vs 10.3%），T-Mobile US自由现金流更多（$4.6B vs $2.0B），过去两年T-Mobile US的营收复合增速更高（8.1% 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。
T-Mobile US是总部位于美国华盛顿州贝尔维尤的无线网络运营商，多数股权由德国电信巨头德国电信持有，为美国第二大无线通信服务商，截至2025年9月30日其用户规模达1.4亿，面向个人及商业客户提供高速移动通信等相关服务。
GD vs TMUS — 直观对比
营收规模更大
TMUS
是对方的1.7倍
$13.5B
营收增速更快
TMUS
高出0.3%
10.3%
净利率更高
TMUS
高出2.5%
8.3%
自由现金流更多
TMUS
多$2.6B
$2.0B
两年增速更快
TMUS
近两年复合增速
6.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $23.1B |
| 净利润 | $1.1B | $2.5B |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 20.8% |
| 净利率 | 8.3% | 10.8% |
| 营收同比 | 10.3% | 10.6% |
| 净利润同比 | 758.8% | -15.2% |
| 每股收益（稀释后） | $4.10 | $2.27 |
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GDTMUS
| Q1 26 | $13.5B | $23.1B | ||
| Q4 25 | $14.4B | $24.3B | ||
| Q3 25 | $12.9B | $22.0B | ||
| Q2 25 | $13.0B | $21.1B | ||
| Q1 25 | $12.2B | $20.9B | ||
| Q4 24 | $13.3B | $21.9B | ||
| Q3 24 | $11.7B | $20.2B | ||
| Q2 24 | $12.0B | $19.8B |
净利润GDTMUS
| Q1 26 | $1.1B | $2.5B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $994.0M | $3.0B | ||
| Q4 24 | $1.1B | $3.0B | ||
| Q3 24 | $930.0M | $3.1B | ||
| Q2 24 | $905.0M | $2.9B |
营业利润率GDTMUS
| Q1 26 | 10.5% | 20.8% | ||
| Q4 25 | 10.1% | 15.4% | ||
| Q3 25 | 10.3% | 20.6% | ||
| Q2 25 | 10.0% | 24.7% | ||
| Q1 25 | 10.4% | 23.0% | ||
| Q4 24 | 10.7% | 21.0% | ||
| Q3 24 | 10.1% | 23.8% | ||
| Q2 24 | 9.7% | 23.4% |
净利率GDTMUS
| Q1 26 | 8.3% | 10.8% | ||
| Q4 25 | 7.9% | 8.6% | ||
| Q3 25 | 8.2% | 12.4% | ||
| Q2 25 | 7.8% | 15.2% | ||
| Q1 25 | 8.1% | 14.1% | ||
| Q4 24 | 8.6% | 13.6% | ||
| Q3 24 | 8.0% | 15.2% | ||
| Q2 24 | 7.6% | 14.8% |
每股收益（稀释后）GDTMUS
| Q1 26 | $4.10 | $2.27 | ||
| Q4 25 | — | $1.89 | ||
| Q3 25 | — | $2.41 | ||
| Q2 25 | — | $2.84 | ||
| Q1 25 | — | $2.58 | ||
| Q4 24 | — | $2.56 | ||
| Q3 24 | — | $2.61 | ||
| Q2 24 | — | $2.49 |
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 | $3.5B |
| 总债务越低越好 | $6.3B | $86.0B |
| 股东权益账面价值 | $26.1B | $55.9B |
| 总资产 | $59.0B | $214.7B |
| 负债/权益比越低杠杆越低 | 0.24× | 1.54× |
8季度趋势，按日历期对齐
现金及短期投资GDTMUS
| Q1 26 | $3.7B | $3.5B | ||
| Q4 25 | $2.3B | $5.6B | ||
| Q3 25 | $2.5B | $3.3B | ||
| Q2 25 | $1.5B | $10.3B | ||
| Q1 25 | $1.2B | $12.0B | ||
| Q4 24 | $1.7B | $5.4B | ||
| Q3 24 | $2.1B | $9.8B | ||
| Q2 24 | $1.4B | $6.4B |
总债务GDTMUS
| Q1 26 | $6.3B | $86.0B | ||
| Q4 25 | $8.1B | $86.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.8B | $78.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GDTMUS
| Q1 26 | $26.1B | $55.9B | ||
| Q4 25 | $25.6B | $59.2B | ||
| Q3 25 | $24.4B | $60.5B | ||
| Q2 25 | $23.6B | $61.1B | ||
| Q1 25 | $22.2B | $61.1B | ||
| Q4 24 | $22.1B | $61.7B | ||
| Q3 24 | $23.0B | $64.3B | ||
| Q2 24 | $22.0B | $62.6B |
总资产GDTMUS
| Q1 26 | $59.0B | $214.7B | ||
| Q4 25 | $57.2B | $219.2B | ||
| Q3 25 | $57.6B | $217.2B | ||
| Q2 25 | $56.9B | $212.6B | ||
| Q1 25 | $56.6B | $214.6B | ||
| Q4 24 | $55.9B | $208.0B | ||
| Q3 24 | $57.3B | $210.7B | ||
| Q2 24 | $55.4B | $208.6B |
负债/权益比GDTMUS
| Q1 26 | 0.24× | 1.54× | ||
| Q4 25 | 0.32× | 1.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.40× | 1.27× | ||
| 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 | — | $7.2B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $4.6B |
| 自由现金流率自由现金流/营收 | 14.5% | 19.9% |
| 资本支出强度资本支出/营收 | 1.5% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 2.88× |
| 过去12个月自由现金流最近4个季度 | $6.2B | $18.2B |
8季度趋势，按日历期对齐
经营现金流GDTMUS
| Q1 26 | — | $7.2B | ||
| Q4 25 | $1.6B | $6.7B | ||
| Q3 25 | $2.1B | $7.5B | ||
| Q2 25 | $1.6B | $7.0B | ||
| Q1 25 | $-148.0M | $6.8B | ||
| Q4 24 | $2.2B | $5.5B | ||
| Q3 24 | $1.4B | $6.1B | ||
| Q2 24 | $814.0M | $5.5B |
自由现金流GDTMUS
| Q1 26 | $2.0B | $4.6B | ||
| Q4 25 | $952.0M | $4.2B | ||
| Q3 25 | $1.9B | $4.8B | ||
| Q2 25 | $1.4B | $4.6B | ||
| Q1 25 | $-290.0M | $4.4B | ||
| Q4 24 | $1.8B | $3.3B | ||
| Q3 24 | $1.2B | $4.2B | ||
| Q2 24 | $613.0M | $3.5B |
自由现金流率GDTMUS
| Q1 26 | 14.5% | 19.9% | ||
| Q4 25 | 6.6% | 17.2% | ||
| Q3 25 | 14.7% | 21.9% | ||
| Q2 25 | 10.7% | 21.7% | ||
| Q1 25 | -2.4% | 21.0% | ||
| Q4 24 | 13.5% | 15.3% | ||
| Q3 24 | 10.4% | 20.7% | ||
| Q2 24 | 5.1% | 17.6% |
资本支出强度GDTMUS
| Q1 26 | 1.5% | 0.0% | ||
| Q4 25 | 4.2% | 10.1% | ||
| Q3 25 | 1.6% | 12.0% | ||
| Q2 25 | 1.5% | 11.3% | ||
| Q1 25 | 1.2% | 11.7% | ||
| Q4 24 | 2.7% | 10.1% | ||
| Q3 24 | 1.7% | 9.7% | ||
| Q2 24 | 1.7% | 10.3% |
现金转化率GDTMUS
| Q1 26 | — | 2.88× | ||
| Q4 25 | 1.37× | 3.16× | ||
| Q3 25 | 1.99× | 2.75× | ||
| Q2 25 | 1.58× | 2.17× | ||
| Q1 25 | -0.15× | 2.32× | ||
| Q4 24 | 1.88× | 1.86× | ||
| Q3 24 | 1.52× | 2.01× | ||
| Q2 24 | 0.90× | 1.89× |
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
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
