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格罗方德（GFS）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是格罗方德的1.8倍（$3.0B vs $1.7B），Williams Companies净利率更高（28.5% vs 14.8%，领先13.8%），Williams Companies同比增速更快（-0.6% vs -2.9%），过去两年Williams Companies的营收复合增速更高（3.2% 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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
GFS vs WMB — 直观对比
营收规模更大
WMB
是对方的1.8倍
$1.7B
营收增速更快
WMB
高出2.3%
-2.9%
净利率更高
WMB
高出13.8%
14.8%
两年增速更快
WMB
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.0B |
| 净利润 | $249.0M | $864.0M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | 43.6% |
| 净利率 | 14.8% | 28.5% |
| 营收同比 | -2.9% | -0.6% |
| 净利润同比 | 39.9% | 25.1% |
| 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GFSWMB
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | $1.7B | $3.5B | ||
| Q2 25 | $1.7B | $3.4B | ||
| Q1 25 | $1.6B | $4.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $1.7B | $3.0B | ||
| Q2 24 | $1.6B | $2.8B |
净利润GFSWMB
| Q1 26 | — | $864.0M | ||
| Q4 25 | — | $734.0M | ||
| Q3 25 | $249.0M | $647.0M | ||
| Q2 25 | $228.0M | $546.0M | ||
| Q1 25 | $211.0M | $691.0M | ||
| Q4 24 | — | $486.0M | ||
| Q3 24 | $178.0M | $706.0M | ||
| Q2 24 | $155.0M | $401.0M |
毛利率GFSWMB
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 24.2% | — |
营业利润率GFSWMB
| Q1 26 | — | 43.6% | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | 11.6% | 31.8% | ||
| Q2 25 | 11.6% | 28.0% | ||
| Q1 25 | 9.5% | 26.1% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | 10.6% | 27.6% | ||
| Q2 24 | 9.5% | 24.4% |
净利率GFSWMB
| Q1 26 | — | 28.5% | ||
| Q4 25 | — | 19.1% | ||
| Q3 25 | 14.8% | 18.5% | ||
| Q2 25 | 13.5% | 16.2% | ||
| Q1 25 | 13.3% | 16.5% | ||
| Q4 24 | — | 14.2% | ||
| Q3 24 | 10.2% | 23.3% | ||
| Q2 24 | 9.5% | 14.1% |
每股收益（稀释后）GFSWMB
| Q1 26 | — | — | ||
| Q4 25 | — | $0.60 | ||
| Q3 25 | $0.44 | $0.53 | ||
| Q2 25 | $0.41 | $0.45 | ||
| Q1 25 | $0.38 | $0.56 | ||
| Q4 24 | — | $0.39 | ||
| Q3 24 | $0.32 | $0.58 | ||
| Q2 24 | $0.28 | $0.33 |
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 | $950.0K |
| 总债务越低越好 | — | $30.1M |
| 股东权益账面价值 | $11.8B | $13.0M |
| 总资产 | $16.7B | $59.6M |
| 负债/权益比越低杠杆越低 | — | 2.31× |
8季度趋势，按日历期对齐
现金及短期投资GFSWMB
| Q1 26 | — | $950.0K | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
总债务GFSWMB
| Q1 26 | — | $30.1M | ||
| Q4 25 | — | $27.3B | ||
| Q3 25 | — | $25.6B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | — | $24.1B | ||
| Q4 24 | — | $24.7B | ||
| Q3 24 | — | $24.8B | ||
| Q2 24 | — | $24.1B |
股东权益GFSWMB
| Q1 26 | — | $13.0M | ||
| Q4 25 | — | $12.8B | ||
| Q3 25 | $11.8B | $12.5B | ||
| Q2 25 | $11.5B | $12.4B | ||
| Q1 25 | $11.1B | $12.5B | ||
| Q4 24 | — | $12.4B | ||
| Q3 24 | $11.6B | $12.4B | ||
| Q2 24 | $11.3B | $12.3B |
总资产GFSWMB
| Q1 26 | — | $59.6M | ||
| Q4 25 | — | $58.6B | ||
| Q3 25 | $16.7B | $55.7B | ||
| Q2 25 | $16.8B | $56.1B | ||
| Q1 25 | $16.5B | $54.9B | ||
| Q4 24 | — | $54.5B | ||
| Q3 24 | $18.1B | $53.8B | ||
| Q2 24 | — | $52.4B |
负债/权益比GFSWMB
| Q1 26 | — | 2.31× | ||
| Q4 25 | — | 2.13× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.96× |
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 | $6.3B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 44.9% |
| 现金转化率经营现金流/净利润 | 2.39× | 7.31× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流GFSWMB
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $595.0M | $1.4B | ||
| Q2 25 | $431.0M | $1.4B | ||
| Q1 25 | $331.0M | $1.4B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $375.0M | $1.2B | ||
| Q2 24 | $402.0M | $1.3B |
自由现金流GFSWMB
| Q1 26 | — | — | ||
| Q4 25 | — | $-379.0M | ||
| Q3 25 | — | $485.0M | ||
| Q2 25 | — | $478.0M | ||
| Q1 25 | — | $421.0M | ||
| Q4 24 | — | $450.0M | ||
| Q3 24 | — | $561.0M | ||
| Q2 24 | — | $700.0M |
自由现金流率GFSWMB
| Q1 26 | — | — | ||
| Q4 25 | — | -9.9% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 24.6% |
资本支出强度GFSWMB
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 50.9% | ||
| Q3 25 | — | 27.3% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.2% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 22.5% | ||
| Q2 24 | — | 20.3% |
现金转化率GFSWMB
| Q1 26 | — | 7.31× | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | 2.39× | 2.22× | ||
| Q2 25 | 1.89× | 2.66× | ||
| Q1 25 | 1.57× | 2.07× | ||
| Q4 24 | — | 2.51× | ||
| Q3 24 | 2.11× | 1.76× | ||
| Q2 24 | 2.59× | 3.19× |
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% |
WMB
| Service revenues | $2.2B | 73% |
| Other | $778.0M | 26% |
| Service revenues - commodity consideration | $46.0M | 2% |
