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格罗方德（GFS）与盖茨工业（GTES）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是盖茨工业的2.0倍（$1.7B vs $856.2M），格罗方德净利率更高（14.8% vs 6.0%，领先8.8%），盖茨工业同比增速更快（3.2% vs -2.9%），过去两年盖茨工业的营收复合增速更高（-0.4% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
盖茨工业总部位于美国科罗拉多州丹佛市，是动力传动带及流体动力产品的专业制造商，产品广泛应用于各类工业和汽车领域。公司员工规模超1.5万人，在美洲、欧洲、亚洲、澳洲及中东均设有销售和生产基地。
GFS vs GTES — 直观对比
营收规模更大
GFS
是对方的2.0倍
$856.2M
营收增速更快
GTES
高出6.2%
-2.9%
净利率更高
GFS
高出8.8%
6.0%
两年增速更快
GTES
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $856.2M |
| 净利润 | $249.0M | $51.3M |
| 毛利率 | 24.8% | 38.0% |
| 营业利润率 | 11.6% | 12.8% |
| 净利率 | 14.8% | 6.0% |
| 营收同比 | -2.9% | 3.2% |
| 净利润同比 | 39.9% | 40.2% |
| 每股收益（稀释后） | $0.44 | $0.19 |
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GFSGTES
| Q4 25 | — | $856.2M | ||
| Q3 25 | $1.7B | $855.7M | ||
| Q2 25 | $1.7B | $883.7M | ||
| Q1 25 | $1.6B | $847.6M | ||
| Q4 24 | — | $829.4M | ||
| Q3 24 | $1.7B | $830.7M | ||
| Q2 24 | $1.6B | $885.5M | ||
| Q1 24 | $1.5B | $862.6M |
净利润GFSGTES
| Q4 25 | — | $51.3M | ||
| Q3 25 | $249.0M | $81.6M | ||
| Q2 25 | $228.0M | $56.5M | ||
| Q1 25 | $211.0M | $62.0M | ||
| Q4 24 | — | $36.6M | ||
| Q3 24 | $178.0M | $47.6M | ||
| Q2 24 | $155.0M | $70.7M | ||
| Q1 24 | $134.0M | $40.0M |
毛利率GFSGTES
| Q4 25 | — | 38.0% | ||
| Q3 25 | 24.8% | 39.9% | ||
| Q2 25 | 24.2% | 40.8% | ||
| Q1 25 | 22.4% | 40.7% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | 23.8% | 40.4% | ||
| Q2 24 | 24.2% | 40.4% | ||
| Q1 24 | 25.4% | 38.3% |
营业利润率GFSGTES
| Q4 25 | — | 12.8% | ||
| Q3 25 | 11.6% | 13.5% | ||
| Q2 25 | 11.6% | 13.1% | ||
| Q1 25 | 9.5% | 14.7% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 10.6% | 13.6% | ||
| Q2 24 | 9.5% | 15.4% | ||
| Q1 24 | 9.5% | 13.5% |
净利率GFSGTES
| Q4 25 | — | 6.0% | ||
| Q3 25 | 14.8% | 9.5% | ||
| Q2 25 | 13.5% | 6.4% | ||
| Q1 25 | 13.3% | 7.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 10.2% | 5.7% | ||
| Q2 24 | 9.5% | 8.0% | ||
| Q1 24 | 8.7% | 4.6% |
每股收益（稀释后）GFSGTES
| Q4 25 | — | $0.19 | ||
| Q3 25 | $0.44 | $0.31 | ||
| Q2 25 | $0.41 | $0.22 | ||
| Q1 25 | $0.38 | $0.24 | ||
| Q4 24 | — | $0.15 | ||
| Q3 24 | $0.32 | $0.18 | ||
| Q2 24 | $0.28 | $0.26 | ||
| Q1 24 | $0.24 | $0.15 |
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 | $2.0B | $812.1M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $11.8B | $3.3B |
| 总资产 | $16.7B | $7.2B |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资GFSGTES
| Q4 25 | — | $812.1M | ||
| Q3 25 | $2.0B | $689.4M | ||
| Q2 25 | $1.8B | $719.7M | ||
| Q1 25 | $1.6B | $640.2M | ||
| Q4 24 | — | $682.0M | ||
| Q3 24 | $2.3B | $574.4M | ||
| Q2 24 | $2.2B | $579.7M | ||
| Q1 24 | $2.2B | $522.2M |
总债务GFSGTES
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益GFSGTES
| Q4 25 | — | $3.3B | ||
| Q3 25 | $11.8B | $3.4B | ||
| Q2 25 | $11.5B | $3.3B | ||
| Q1 25 | $11.1B | $3.1B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $11.6B | $3.1B | ||
| Q2 24 | $11.3B | $3.2B | ||
| Q1 24 | $11.3B | $3.2B |
总资产GFSGTES
| Q4 25 | — | $7.2B | ||
| Q3 25 | $16.7B | $7.1B | ||
| Q2 25 | $16.8B | $7.2B | ||
| Q1 25 | $16.5B | $6.9B | ||
| Q4 24 | — | $6.8B | ||
| Q3 24 | $18.1B | $7.1B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $7.0B |
负债/权益比GFSGTES
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.73× | ||
| Q1 24 | — | 0.74× |
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 | $595.0M | $269.8M |
| 自由现金流经营现金流 - 资本支出 | — | $251.0M |
| 自由现金流率自由现金流/营收 | — | 29.3% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 2.39× | 5.26× |
| 过去12个月自由现金流最近4个季度 | — | $404.9M |
8季度趋势，按日历期对齐
经营现金流GFSGTES
| Q4 25 | — | $269.8M | ||
| Q3 25 | $595.0M | $98.0M | ||
| Q2 25 | $431.0M | $103.0M | ||
| Q1 25 | $331.0M | $7.3M | ||
| Q4 24 | — | $190.9M | ||
| Q3 24 | $375.0M | $115.9M | ||
| Q2 24 | $402.0M | $93.8M | ||
| Q1 24 | $488.0M | $-21.0M |
自由现金流GFSGTES
| Q4 25 | — | $251.0M | ||
| Q3 25 | — | $80.5M | ||
| Q2 25 | — | $83.6M | ||
| Q1 25 | — | $-10.2M | ||
| Q4 24 | — | $167.6M | ||
| Q3 24 | — | $94.0M | ||
| Q2 24 | — | $71.9M | ||
| Q1 24 | — | $-37.0M |
自由现金流率GFSGTES
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 8.1% | ||
| Q1 24 | — | -4.3% |
资本支出强度GFSGTES
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 1.9% |
现金转化率GFSGTES
| Q4 25 | — | 5.26× | ||
| Q3 25 | 2.39× | 1.20× | ||
| Q2 25 | 1.89× | 1.82× | ||
| Q1 25 | 1.57× | 0.12× | ||
| Q4 24 | — | 5.22× | ||
| Q3 24 | 2.11× | 2.43× | ||
| Q2 24 | 2.59× | 1.33× | ||
| Q1 24 | 3.64× | -0.53× |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
GTES
| Power Transmission Segment | $536.5M | 63% |
| Fluid Power Segment | $319.7M | 37% |
