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GE Vernova（GEV）与万事达卡（MA）财务数据对比。点击上方公司名可切换其他公司
GE Vernova的季度营收约是万事达卡的1.1倍（$9.3B vs $8.8B），GE Vernova净利率更高（50.9% vs 46.1%，领先4.8%），万事达卡同比增速更快（17.6% vs 16.3%），万事达卡自由现金流更多（$4.9B vs $4.8B），过去两年万事达卡的营收复合增速更高（17.8% vs 6.7%）
GE Vernova是总部位于美国马萨诸塞州剑桥市的能源设备制造及服务企业，下设三大核心业务板块：电力板块主营燃气、核电、水电、蒸汽技术的设计、制造与运维；风电板块提供陆上风电机组、海上风电机组及叶片；电气化板块覆盖电网解决方案、电能转换、光储方案及输配电管理相关数字技术。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
GEV vs MA — 直观对比
营收规模更大
GEV
是对方的1.1倍
$8.8B
营收增速更快
MA
高出1.3%
16.3%
净利率更高
GEV
高出4.8%
46.1%
自由现金流更多
MA
多$99.0M
$4.8B
两年增速更快
MA
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.3B | $8.8B |
| 净利润 | $4.8B | $4.1B |
| 毛利率 | — | — |
| 营业利润率 | — | 55.8% |
| 净利率 | 50.9% | 46.1% |
| 营收同比 | 16.3% | 17.6% |
| 净利润同比 | 5.9% | 21.5% |
| 每股收益（稀释后） | $17.44 | $4.52 |
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GEVMA
| Q1 26 | $9.3B | — | ||
| Q4 25 | $11.0B | $8.8B | ||
| Q3 25 | $10.0B | $8.6B | ||
| Q2 25 | $9.1B | $8.1B | ||
| Q1 25 | $8.0B | $7.3B | ||
| Q4 24 | $10.6B | $7.5B | ||
| Q3 24 | $8.9B | $7.4B | ||
| Q2 24 | $8.2B | $7.0B |
净利润GEVMA
| Q1 26 | $4.8B | — | ||
| Q4 25 | $3.7B | $4.1B | ||
| Q3 25 | $452.0M | $3.9B | ||
| Q2 25 | $514.0M | $3.7B | ||
| Q1 25 | $254.0M | $3.3B | ||
| Q4 24 | $484.0M | $3.3B | ||
| Q3 24 | $-96.0M | $3.3B | ||
| Q2 24 | $1.3B | $3.3B |
毛利率GEVMA
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 20.3% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 20.7% | — |
营业利润率GEVMA
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 55.8% | ||
| Q3 25 | 3.7% | 58.8% | ||
| Q2 25 | 4.1% | 58.7% | ||
| Q1 25 | 0.5% | 57.2% | ||
| Q4 24 | 5.6% | 52.6% | ||
| Q3 24 | -4.0% | 54.3% | ||
| Q2 24 | 6.4% | 58.0% |
净利率GEVMA
| Q1 26 | 50.9% | — | ||
| Q4 25 | 33.4% | 46.1% | ||
| Q3 25 | 4.5% | 45.7% | ||
| Q2 25 | 5.6% | 45.5% | ||
| Q1 25 | 3.2% | 45.2% | ||
| Q4 24 | 4.6% | 44.6% | ||
| Q3 24 | -1.1% | 44.3% | ||
| Q2 24 | 15.8% | 46.8% |
每股收益（稀释后）GEVMA
| Q1 26 | $17.44 | — | ||
| Q4 25 | $13.28 | $4.52 | ||
| Q3 25 | $1.64 | $4.34 | ||
| Q2 25 | $1.86 | $4.07 | ||
| Q1 25 | $0.91 | $3.59 | ||
| Q4 24 | $1.75 | $3.64 | ||
| Q3 24 | $-0.35 | $3.53 | ||
| Q2 24 | $4.65 | $3.50 |
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 | — | $10.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $7.7B |
| 总资产 | — | $54.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GEVMA
| Q1 26 | — | — | ||
| Q4 25 | — | $10.6B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $7.0B |
股东权益GEVMA
| Q1 26 | — | — | ||
| Q4 25 | $11.2B | $7.7B | ||
| Q3 25 | $8.6B | $7.9B | ||
| Q2 25 | $8.9B | $7.9B | ||
| Q1 25 | $8.6B | $6.7B | ||
| Q4 24 | $9.5B | $6.5B | ||
| Q3 24 | $9.5B | $7.4B | ||
| Q2 24 | $9.1B | $7.4B |
总资产GEVMA
| Q1 26 | — | — | ||
| Q4 25 | $63.0B | $54.2B | ||
| Q3 25 | $54.4B | $53.3B | ||
| Q2 25 | $53.1B | $51.4B | ||
| Q1 25 | $51.6B | $48.5B | ||
| Q4 24 | $51.5B | $48.1B | ||
| Q3 24 | $50.9B | $47.2B | ||
| Q2 24 | $48.1B | $42.3B |
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 | $4.8B | $4.9B |
| 自由现金流率自由现金流/营收 | 51.3% | 55.5% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $7.5B | $17.2B |
8季度趋势，按日历期对齐
经营现金流GEVMA
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $5.0B | ||
| Q3 25 | $980.0M | $5.7B | ||
| Q2 25 | $367.0M | $4.6B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $921.0M | $4.8B | ||
| Q3 24 | $1.1B | $5.1B | ||
| Q2 24 | $979.0M | $3.1B |
自由现金流GEVMA
| Q1 26 | $4.8B | — | ||
| Q4 25 | $1.8B | $4.9B | ||
| Q3 25 | $733.0M | $5.5B | ||
| Q2 25 | $194.0M | $4.6B | ||
| Q1 25 | $975.0M | $2.2B | ||
| Q4 24 | $571.0M | $4.7B | ||
| Q3 24 | $968.0M | $5.0B | ||
| Q2 24 | $822.0M | $3.0B |
自由现金流率GEVMA
| Q1 26 | 51.3% | — | ||
| Q4 25 | 16.5% | 55.5% | ||
| Q3 25 | 7.4% | 63.8% | ||
| Q2 25 | 2.1% | 56.1% | ||
| Q1 25 | 12.1% | 30.6% | ||
| Q4 24 | 5.4% | 63.3% | ||
| Q3 24 | 10.9% | 68.2% | ||
| Q2 24 | 10.0% | 43.4% |
资本支出强度GEVMA
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 1.3% | ||
| Q3 25 | 2.5% | 2.1% | ||
| Q2 25 | 1.9% | 0.5% | ||
| Q1 25 | 2.3% | 2.2% | ||
| Q4 24 | 3.3% | 1.3% | ||
| Q3 24 | 1.8% | 1.5% | ||
| Q2 24 | 1.9% | 1.7% |
现金转化率GEVMA
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.23× | ||
| Q3 25 | 2.17× | 1.44× | ||
| Q2 25 | 0.71× | 1.24× | ||
| Q1 25 | 4.57× | 0.73× | ||
| Q4 24 | 1.90× | 1.45× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 0.76× | 0.96× |
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
GEV
| Organic revenues | $8.6B | 92% |
| Other | $752.0M | 8% |
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
