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格罗方德（GFS）与MUELLER INDUSTRIES INC（MLI）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MUELLER INDUSTRIES INC的1.8倍（$1.7B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs 14.8%，领先1.2%），MUELLER INDUSTRIES INC同比增速更快（4.2% vs -2.9%），过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% 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。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
GFS vs MLI — 直观对比
营收规模更大
GFS
是对方的1.8倍
$962.4M
营收增速更快
MLI
高出7.1%
-2.9%
净利率更高
MLI
高出1.2%
14.8%
两年增速更快
MLI
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $962.4M |
| 净利润 | $249.0M | $153.7M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | 17.9% |
| 净利率 | 14.8% | 16.0% |
| 营收同比 | -2.9% | 4.2% |
| 净利润同比 | 39.9% | 11.7% |
| 每股收益（稀释后） | $0.44 | $1.37 |
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GFSMLI
| Q4 25 | — | $962.4M | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | — | $923.5M | ||
| Q3 24 | $1.7B | $997.8M | ||
| Q2 24 | $1.6B | $997.7M | ||
| Q1 24 | $1.5B | $849.7M |
净利润GFSMLI
| Q4 25 | — | $153.7M | ||
| Q3 25 | $249.0M | $208.1M | ||
| Q2 25 | $228.0M | $245.9M | ||
| Q1 25 | $211.0M | $157.4M | ||
| Q4 24 | — | $137.7M | ||
| Q3 24 | $178.0M | $168.7M | ||
| Q2 24 | $155.0M | $160.2M | ||
| Q1 24 | $134.0M | $138.4M |
毛利率GFSMLI
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.8% | 27.6% | ||
| Q2 24 | 24.2% | 27.3% | ||
| Q1 24 | 25.4% | 28.4% |
营业利润率GFSMLI
| Q4 25 | — | 17.9% | ||
| Q3 25 | 11.6% | 25.6% | ||
| Q2 25 | 11.6% | 26.7% | ||
| Q1 25 | 9.5% | 20.6% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | 10.6% | 20.7% | ||
| Q2 24 | 9.5% | 21.0% | ||
| Q1 24 | 9.5% | 21.6% |
净利率GFSMLI
| Q4 25 | — | 16.0% | ||
| Q3 25 | 14.8% | 19.3% | ||
| Q2 25 | 13.5% | 21.6% | ||
| Q1 25 | 13.3% | 15.7% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | 10.2% | 16.9% | ||
| Q2 24 | 9.5% | 16.1% | ||
| Q1 24 | 8.7% | 16.3% |
每股收益（稀释后）GFSMLI
| Q4 25 | — | $1.37 | ||
| Q3 25 | $0.44 | $1.88 | ||
| Q2 25 | $0.41 | $2.22 | ||
| Q1 25 | $0.38 | $1.39 | ||
| Q4 24 | — | $1.21 | ||
| Q3 24 | $0.32 | $1.48 | ||
| Q2 24 | $0.28 | $1.41 | ||
| Q1 24 | $0.24 | $1.21 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $3.2B |
| 总资产 | $16.7B | $3.7B |
| 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GFSMLI
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.6B | $873.6M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $2.3B | $969.6M | ||
| Q2 24 | $2.2B | $825.7M | ||
| Q1 24 | $2.2B | $1.4B |
股东权益GFSMLI
| Q4 25 | — | $3.2B | ||
| Q3 25 | $11.8B | $3.1B | ||
| Q2 25 | $11.5B | $2.9B | ||
| Q1 25 | $11.1B | $2.7B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $11.6B | $2.7B | ||
| Q2 24 | $11.3B | $2.5B | ||
| Q1 24 | $11.3B | $2.4B |
总资产GFSMLI
| Q4 25 | — | $3.7B | ||
| Q3 25 | $16.7B | $3.7B | ||
| Q2 25 | $16.8B | $3.5B | ||
| Q1 25 | $16.5B | $3.2B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $18.1B | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $2.9B |
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 | $141.2M |
| 自由现金流经营现金流 - 资本支出 | — | $121.4M |
| 自由现金流率自由现金流/营收 | — | 12.6% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 2.39× | 0.92× |
| 过去12个月自由现金流最近4个季度 | — | $686.6M |
8季度趋势，按日历期对齐
经营现金流GFSMLI
| Q4 25 | — | $141.2M | ||
| Q3 25 | $595.0M | $310.1M | ||
| Q2 25 | $431.0M | $190.6M | ||
| Q1 25 | $331.0M | $113.6M | ||
| Q4 24 | — | $140.1M | ||
| Q3 24 | $375.0M | $231.4M | ||
| Q2 24 | $402.0M | $100.8M | ||
| Q1 24 | $488.0M | $173.6M |
自由现金流GFSMLI
| Q4 25 | — | $121.4M | ||
| Q3 25 | — | $291.8M | ||
| Q2 25 | — | $176.5M | ||
| Q1 25 | — | $97.0M | ||
| Q4 24 | — | $111.2M | ||
| Q3 24 | — | $205.7M | ||
| Q2 24 | — | $91.6M | ||
| Q1 24 | — | $157.2M |
自由现金流率GFSMLI
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 18.5% |
资本支出强度GFSMLI
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.9% |
现金转化率GFSMLI
| Q4 25 | — | 0.92× | ||
| Q3 25 | 2.39× | 1.49× | ||
| Q2 25 | 1.89× | 0.78× | ||
| Q1 25 | 1.57× | 0.72× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 2.11× | 1.37× | ||
| Q2 24 | 2.59× | 0.63× | ||
| Q1 24 | 3.64× | 1.25× |
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% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
