vs
格罗方德（GFS）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
豪士科的季度营收约是格罗方德的1.6倍（$2.7B vs $1.7B），格罗方德净利率更高（14.8% vs 5.0%，领先9.8%），豪士科同比增速更快（3.5% vs -2.9%），过去两年豪士科的营收复合增速更高（2.8% 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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
GFS vs OSK — 直观对比
营收规模更大
OSK
是对方的1.6倍
$1.7B
营收增速更快
OSK
高出6.4%
-2.9%
净利率更高
GFS
高出9.8%
5.0%
两年增速更快
OSK
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | $249.0M | $133.8M |
| 毛利率 | 24.8% | 15.8% |
| 营业利润率 | 11.6% | 7.9% |
| 净利率 | 14.8% | 5.0% |
| 营收同比 | -2.9% | 3.5% |
| 净利润同比 | 39.9% | -12.6% |
| 每股收益（稀释后） | $0.44 | — |
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GFSOSK
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.7B | $2.7B | ||
| Q2 25 | $1.7B | $2.7B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $1.7B | $2.7B | ||
| Q2 24 | $1.6B | $2.8B | ||
| Q1 24 | $1.5B | $2.5B |
净利润GFSOSK
| Q4 25 | — | $133.8M | ||
| Q3 25 | $249.0M | $196.2M | ||
| Q2 25 | $228.0M | $204.8M | ||
| Q1 25 | $211.0M | $112.2M | ||
| Q4 24 | — | $153.1M | ||
| Q3 24 | $178.0M | $180.3M | ||
| Q2 24 | $155.0M | $168.6M | ||
| Q1 24 | $134.0M | $179.4M |
毛利率GFSOSK
| Q4 25 | — | 15.8% | ||
| Q3 25 | 24.8% | 17.5% | ||
| Q2 25 | 24.2% | 19.2% | ||
| Q1 25 | 22.4% | 17.3% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | 23.8% | 18.5% | ||
| Q2 24 | 24.2% | 19.2% | ||
| Q1 24 | 25.4% | 18.5% |
营业利润率GFSOSK
| Q4 25 | — | 7.9% | ||
| Q3 25 | 11.6% | 9.7% | ||
| Q2 25 | 11.6% | 10.7% | ||
| Q1 25 | 9.5% | 7.6% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 10.6% | 9.7% | ||
| Q2 24 | 9.5% | 9.2% | ||
| Q1 24 | 9.5% | 10.2% |
净利率GFSOSK
| Q4 25 | — | 5.0% | ||
| Q3 25 | 14.8% | 7.3% | ||
| Q2 25 | 13.5% | 7.5% | ||
| Q1 25 | 13.3% | 4.9% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | 10.2% | 6.6% | ||
| Q2 24 | 9.5% | 5.9% | ||
| Q1 24 | 8.7% | 7.1% |
每股收益（稀释后）GFSOSK
| Q4 25 | — | — | ||
| Q3 25 | $0.44 | — | ||
| Q2 25 | $0.41 | — | ||
| Q1 25 | $0.38 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.32 | — | ||
| Q2 24 | $0.28 | — | ||
| Q1 24 | $0.24 | — |
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 | $479.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $4.5B |
| 总资产 | $16.7B | $10.1B |
| 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GFSOSK
| Q4 25 | — | $479.8M | ||
| Q3 25 | $2.0B | $211.8M | ||
| Q2 25 | $1.8B | $191.7M | ||
| Q1 25 | $1.6B | $210.3M | ||
| Q4 24 | — | $204.9M | ||
| Q3 24 | $2.3B | $160.9M | ||
| Q2 24 | $2.2B | $141.4M | ||
| Q1 24 | $2.2B | $69.9M |
总债务GFSOSK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M | ||
| Q1 24 | — | $598.9M |
股东权益GFSOSK
| Q4 25 | — | $4.5B | ||
| Q3 25 | $11.8B | $4.5B | ||
| Q2 25 | $11.5B | $4.5B | ||
| Q1 25 | $11.1B | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $11.6B | $4.1B | ||
| Q2 24 | $11.3B | $3.9B | ||
| Q1 24 | $11.3B | $3.8B |
总资产GFSOSK
| Q4 25 | — | $10.1B | ||
| Q3 25 | $16.7B | $9.8B | ||
| Q2 25 | $16.8B | $10.0B | ||
| Q1 25 | $16.5B | $9.8B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | $18.1B | $9.9B | ||
| Q2 24 | — | $9.7B | ||
| Q1 24 | — | $9.5B |
负债/权益比GFSOSK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.16× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | — | $540.3M |
| 自由现金流率自由现金流/营收 | — | 20.1% |
| 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× | 4.49× |
| 过去12个月自由现金流最近4个季度 | — | $618.0M |
8季度趋势，按日历期对齐
经营现金流GFSOSK
| Q4 25 | — | $600.1M | ||
| Q3 25 | $595.0M | $489.0M | ||
| Q2 25 | $431.0M | $89.2M | ||
| Q1 25 | $331.0M | $-394.9M | ||
| Q4 24 | — | $790.8M | ||
| Q3 24 | $375.0M | $326.1M | ||
| Q2 24 | $402.0M | $-211.0M | ||
| Q1 24 | $488.0M | $-355.8M |
自由现金流GFSOSK
| Q4 25 | — | $540.3M | ||
| Q3 25 | — | $464.3M | ||
| Q2 25 | — | $48.6M | ||
| Q1 25 | — | $-435.2M | ||
| Q4 24 | — | $703.3M | ||
| Q3 24 | — | $272.2M | ||
| Q2 24 | — | $-250.5M | ||
| Q1 24 | — | $-455.9M |
自由现金流率GFSOSK
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | -18.8% | ||
| Q4 24 | — | 27.1% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | -8.8% | ||
| Q1 24 | — | -17.9% |
资本支出强度GFSOSK
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 3.9% |
现金转化率GFSOSK
| Q4 25 | — | 4.49× | ||
| Q3 25 | 2.39× | 2.49× | ||
| Q2 25 | 1.89× | 0.44× | ||
| Q1 25 | 1.57× | -3.52× | ||
| Q4 24 | — | 5.17× | ||
| Q3 24 | 2.11× | 1.81× | ||
| Q2 24 | 2.59× | -1.25× | ||
| Q1 24 | 3.64× | -1.98× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
