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GE Vernova（GEV）与高通（QCOM）财务数据对比。点击上方公司名可切换其他公司
高通的季度营收约是GE Vernova的1.3倍（$12.3B vs $9.3B），GE Vernova净利率更高（50.9% vs 24.5%，领先26.3%），GE Vernova同比增速更快（16.3% vs 5.0%），GE Vernova自由现金流更多（$4.8B vs $4.4B），过去两年高通的营收复合增速更高（14.2% 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。
高通是总部位于美国加利福尼亚州圣迭戈、在特拉华州注册的跨国企业，主营无线技术相关的半导体、软件及服务业务，持有5G、4G、CDMA2000、TD-SCDMA、WCDMA等移动通信标准的核心专利，是全球无线通信领域的核心供应商。
GEV vs QCOM — 直观对比
营收规模更大
QCOM
是对方的1.3倍
$9.3B
营收增速更快
GEV
高出11.3%
5.0%
净利率更高
GEV
高出26.3%
24.5%
自由现金流更多
GEV
多$375.0M
$4.4B
两年增速更快
QCOM
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.3B | $12.3B |
| 净利润 | $4.8B | $3.0B |
| 毛利率 | — | 54.6% |
| 营业利润率 | — | 27.5% |
| 净利率 | 50.9% | 24.5% |
| 营收同比 | 16.3% | 5.0% |
| 净利润同比 | 5.9% | -5.5% |
| 每股收益（稀释后） | $17.44 | $2.78 |
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GEVQCOM
| Q1 26 | $9.3B | — | ||
| Q4 25 | $11.0B | $12.3B | ||
| Q3 25 | $10.0B | $11.3B | ||
| Q2 25 | $9.1B | $10.4B | ||
| Q1 25 | $8.0B | $11.0B | ||
| Q4 24 | $10.6B | $11.7B | ||
| Q3 24 | $8.9B | $10.2B | ||
| Q2 24 | $8.2B | $9.4B |
净利润GEVQCOM
| Q1 26 | $4.8B | — | ||
| Q4 25 | $3.7B | $3.0B | ||
| Q3 25 | $452.0M | $-3.1B | ||
| Q2 25 | $514.0M | $2.7B | ||
| Q1 25 | $254.0M | $2.8B | ||
| Q4 24 | $484.0M | $3.2B | ||
| Q3 24 | $-96.0M | $2.9B | ||
| Q2 24 | $1.3B | $2.1B |
毛利率GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | 21.2% | 54.6% | ||
| Q3 25 | 19.0% | 55.3% | ||
| Q2 25 | 20.3% | 55.6% | ||
| Q1 25 | 18.3% | 55.0% | ||
| Q4 24 | 20.1% | 55.8% | ||
| Q3 24 | 12.4% | 56.4% | ||
| Q2 24 | 20.7% | 55.6% |
营业利润率GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 27.5% | ||
| Q3 25 | 3.7% | 25.9% | ||
| Q2 25 | 4.1% | 26.6% | ||
| Q1 25 | 0.5% | 28.4% | ||
| Q4 24 | 5.6% | 30.5% | ||
| Q3 24 | -4.0% | 25.2% | ||
| Q2 24 | 6.4% | 23.6% |
净利率GEVQCOM
| Q1 26 | 50.9% | — | ||
| Q4 25 | 33.4% | 24.5% | ||
| Q3 25 | 4.5% | -27.7% | ||
| Q2 25 | 5.6% | 25.7% | ||
| Q1 25 | 3.2% | 25.6% | ||
| Q4 24 | 4.6% | 27.3% | ||
| Q3 24 | -1.1% | 28.5% | ||
| Q2 24 | 15.8% | 22.7% |
每股收益（稀释后）GEVQCOM
| Q1 26 | $17.44 | — | ||
| Q4 25 | $13.28 | $2.78 | ||
| Q3 25 | $1.64 | $-2.77 | ||
| Q2 25 | $1.86 | $2.43 | ||
| Q1 25 | $0.91 | $2.52 | ||
| Q4 24 | $1.75 | $2.83 | ||
| Q3 24 | $-0.35 | $2.57 | ||
| Q2 24 | $4.65 | $1.88 |
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 | — | $11.8B |
| 总债务越低越好 | — | $14.8B |
| 股东权益账面价值 | — | $23.1B |
| 总资产 | — | $53.0B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | $11.8B | ||
| Q3 25 | — | $10.2B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | — | $13.8B | ||
| Q4 24 | — | $14.3B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.0B |
总债务GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | $14.8B | ||
| Q3 25 | — | $14.8B | ||
| Q2 25 | — | $14.8B | ||
| Q1 25 | — | $13.3B | ||
| Q4 24 | — | $13.2B | ||
| Q3 24 | — | $13.3B | ||
| Q2 24 | — | $13.2B |
股东权益GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | $11.2B | $23.1B | ||
| Q3 25 | $8.6B | $21.2B | ||
| Q2 25 | $8.9B | $27.2B | ||
| Q1 25 | $8.6B | $27.7B | ||
| Q4 24 | $9.5B | $26.9B | ||
| Q3 24 | $9.5B | $26.3B | ||
| Q2 24 | $9.1B | $24.7B |
总资产GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | $63.0B | $53.0B | ||
| Q3 25 | $54.4B | $50.1B | ||
| Q2 25 | $53.1B | $54.9B | ||
| Q1 25 | $51.6B | $55.4B | ||
| Q4 24 | $51.5B | $55.6B | ||
| Q3 24 | $50.9B | $55.2B | ||
| Q2 24 | $48.1B | $52.7B |
负债/权益比GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.53× |
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 | $4.4B |
| 自由现金流率自由现金流/营收 | 51.3% | 36.0% |
| 资本支出强度资本支出/营收 | — | 4.5% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $7.5B | $12.9B |
8季度趋势，按日历期对齐
经营现金流GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $5.0B | ||
| Q3 25 | $980.0M | $4.0B | ||
| Q2 25 | $367.0M | $2.9B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $921.0M | $4.6B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $979.0M | $3.1B |
自由现金流GEVQCOM
| Q1 26 | $4.8B | — | ||
| Q4 25 | $1.8B | $4.4B | ||
| Q3 25 | $733.0M | $3.6B | ||
| Q2 25 | $194.0M | $2.6B | ||
| Q1 25 | $975.0M | $2.3B | ||
| Q4 24 | $571.0M | $4.3B | ||
| Q3 24 | $968.0M | $2.4B | ||
| Q2 24 | $822.0M | $2.7B |
自由现金流率GEVQCOM
| Q1 26 | 51.3% | — | ||
| Q4 25 | 16.5% | 36.0% | ||
| Q3 25 | 7.4% | 31.8% | ||
| Q2 25 | 2.1% | 24.9% | ||
| Q1 25 | 12.1% | 21.3% | ||
| Q4 24 | 5.4% | 36.9% | ||
| Q3 24 | 10.9% | 23.3% | ||
| Q2 24 | 10.0% | 28.4% |
资本支出强度GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 4.5% | ||
| Q3 25 | 2.5% | 3.6% | ||
| Q2 25 | 1.9% | 2.8% | ||
| Q1 25 | 2.3% | 1.9% | ||
| Q4 24 | 3.3% | 2.4% | ||
| Q3 24 | 1.8% | 2.5% | ||
| Q2 24 | 1.9% | 4.1% |
现金转化率GEVQCOM
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.65× | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 0.71× | 1.08× | ||
| Q1 25 | 4.57× | 0.91× | ||
| Q4 24 | 1.90× | 1.44× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | 0.76× | 1.43× |
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% |
QCOM
| Handsets | $7.8B | 64% |
| Io T | $1.7B | 14% |
| Qtl | $1.6B | 13% |
| Automotive | $1.1B | 9% |
