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通用动力（GD）与美国合众银行（USB）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美国合众银行的1.8倍（$13.5B vs $7.4B），美国合众银行净利率更高（27.8% vs 8.3%，领先19.4%），通用动力同比增速更快（10.3% vs 5.1%），过去两年通用动力的营收复合增速更高（6.1% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
GD vs USB — 直观对比
营收规模更大
GD
是对方的1.8倍
$7.4B
营收增速更快
GD
高出5.2%
5.1%
净利率更高
USB
高出19.4%
8.3%
两年增速更快
GD
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $7.4B |
| 净利润 | $1.1B | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 34.4% |
| 净利率 | 8.3% | 27.8% |
| 营收同比 | 10.3% | 5.1% |
| 净利润同比 | 13.2% | 23.0% |
| 每股收益（稀释后） | $4.10 | $1.26 |
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GDUSB
| Q1 26 | $13.5B | — | ||
| Q4 25 | $14.4B | $7.4B | ||
| Q3 25 | $12.9B | $7.3B | ||
| Q2 25 | $13.0B | $7.0B | ||
| Q1 25 | $12.2B | $7.0B | ||
| Q4 24 | $13.3B | $7.0B | ||
| Q3 24 | $11.7B | $6.9B | ||
| Q2 24 | $12.0B | $6.9B |
净利润GDUSB
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $994.0M | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $930.0M | $1.7B | ||
| Q2 24 | $905.0M | $1.6B |
营业利润率GDUSB
| Q1 26 | 10.5% | — | ||
| Q4 25 | 10.1% | 34.4% | ||
| Q3 25 | 10.3% | 34.5% | ||
| Q2 25 | 10.0% | 32.7% | ||
| Q1 25 | 10.4% | 31.0% | ||
| Q4 24 | 10.7% | 30.1% | ||
| Q3 24 | 10.1% | 30.2% | ||
| Q2 24 | 9.7% | 29.9% |
净利率GDUSB
| Q1 26 | 8.3% | — | ||
| Q4 25 | 7.9% | 27.8% | ||
| Q3 25 | 8.2% | 27.3% | ||
| Q2 25 | 7.8% | 25.9% | ||
| Q1 25 | 8.1% | 24.6% | ||
| Q4 24 | 8.6% | 23.7% | ||
| Q3 24 | 8.0% | 25.0% | ||
| Q2 24 | 7.6% | 23.3% |
每股收益（稀释后）GDUSB
| Q1 26 | $4.10 | — | ||
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.22 | ||
| Q2 25 | — | $1.11 | ||
| Q1 25 | — | $1.03 | ||
| Q4 24 | — | $1.01 | ||
| Q3 24 | — | $1.03 | ||
| Q2 24 | — | $0.97 |
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 | $65.2B |
| 总资产 | $59.0B | $692.3B |
| 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GDUSB
| Q1 26 | $3.7B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.4B | — |
总债务GDUSB
| 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GDUSB
| Q1 26 | $26.1B | — | ||
| Q4 25 | $25.6B | $65.2B | ||
| Q3 25 | $24.4B | $63.3B | ||
| Q2 25 | $23.6B | $61.4B | ||
| Q1 25 | $22.2B | $60.1B | ||
| Q4 24 | $22.1B | $58.6B | ||
| Q3 24 | $23.0B | $58.9B | ||
| Q2 24 | $22.0B | $56.4B |
总资产GDUSB
| Q1 26 | $59.0B | — | ||
| Q4 25 | $57.2B | $692.3B | ||
| Q3 25 | $57.6B | $695.4B | ||
| Q2 25 | $56.9B | $686.4B | ||
| Q1 25 | $56.6B | $676.5B | ||
| Q4 24 | $55.9B | $678.3B | ||
| Q3 24 | $57.3B | $686.5B | ||
| Q2 24 | $55.4B | $680.1B |
负债/权益比GDUSB
| 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 | — | $2.8B |
| 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 | — | 1.39× |
| 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GDUSB
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.8B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $1.6B | $2.0B | ||
| Q1 25 | $-148.0M | $-285.0M | ||
| Q4 24 | $2.2B | $4.8B | ||
| Q3 24 | $1.4B | $972.0M | ||
| Q2 24 | $814.0M | $2.9B |
自由现金流GDUSB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $952.0M | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $-290.0M | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $613.0M | — |
自由现金流率GDUSB
| Q1 26 | 14.5% | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 5.1% | — |
资本支出强度GDUSB
| Q1 26 | 1.5% | — | ||
| Q4 25 | 4.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.7% | — |
现金转化率GDUSB
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 1.39× | ||
| Q3 25 | 1.99× | 1.69× | ||
| Q2 25 | 1.58× | 1.12× | ||
| Q1 25 | -0.15× | -0.17× | ||
| Q4 24 | 1.88× | 2.87× | ||
| Q3 24 | 1.52× | 0.57× | ||
| Q2 24 | 0.90× | 1.79× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
