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Globe Life（GL）与林肯电气（LECO）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是林肯电气的1.4倍（$1.6B vs $1.1B），Globe Life净利率更高（17.3% vs 12.6%，领先4.7%），林肯电气同比增速更快（5.5% vs 5.3%），过去两年林肯电气的营收复合增速更高（4.9% vs 4.1%）
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
林肯电气是美国跨国焊接产品制造企业，总部位于俄亥俄州欧几里得市，主营弧焊设备、焊接配件、等离子及氧燃料切割设备、焊接机器人系统等，业务覆盖160余个国家和地区，在全球设有42个生产基地，同时在19个国家布局了生产联盟及合资企业。
GL vs LECO — 直观对比
营收规模更大
GL
是对方的1.4倍
$1.1B
营收增速更快
LECO
高出0.2%
5.3%
净利率更高
GL
高出4.7%
12.6%
两年增速更快
LECO
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.1B |
| 净利润 | $270.5M | $136.0M |
| 毛利率 | — | 34.7% |
| 营业利润率 | — | 17.1% |
| 净利率 | 17.3% | 12.6% |
| 营收同比 | 5.3% | 5.5% |
| 净利润同比 | 6.3% | -3.0% |
| 每股收益（稀释后） | $3.39 | $2.45 |
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GLLECO
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.5B | $983.8M | ||
| Q2 24 | $1.4B | $1.0B |
净利润GLLECO
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $136.0M | ||
| Q3 25 | $387.8M | $122.6M | ||
| Q2 25 | $252.7M | $143.4M | ||
| Q1 25 | $254.6M | $118.5M | ||
| Q4 24 | $255.2M | $140.2M | ||
| Q3 24 | $303.0M | $100.8M | ||
| Q2 24 | $258.4M | $101.7M |
毛利率GLLECO
| Q1 26 | — | — | ||
| Q4 25 | — | 34.7% | ||
| Q3 25 | — | 36.7% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 36.4% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | 26.1% | 35.8% | ||
| Q2 24 | 23.3% | 37.6% |
营业利润率GLLECO
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 17.1% | ||
| Q3 25 | 31.5% | 16.6% | ||
| Q2 25 | 21.2% | 17.6% | ||
| Q1 25 | 21.4% | 16.4% | ||
| Q4 24 | 21.3% | 17.3% | ||
| Q3 24 | 26.3% | 14.8% | ||
| Q2 24 | 23.5% | 14.6% |
净利率GLLECO
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 12.6% | ||
| Q3 25 | 25.6% | 11.6% | ||
| Q2 25 | 17.1% | 13.2% | ||
| Q1 25 | 17.2% | 11.8% | ||
| Q4 24 | 17.4% | 13.7% | ||
| Q3 24 | 20.8% | 10.2% | ||
| Q2 24 | 17.9% | 10.0% |
每股收益（稀释后）GLLECO
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $2.45 | ||
| Q3 25 | $4.73 | $2.21 | ||
| Q2 25 | $3.05 | $2.56 | ||
| Q1 25 | $3.01 | $2.10 | ||
| Q4 24 | $3.00 | $2.47 | ||
| Q3 24 | $3.44 | $1.77 | ||
| Q2 24 | $2.83 | $1.77 |
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 | $183.8M | $308.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.1B | $1.5B |
| 总资产 | — | $3.8B |
| 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GLLECO
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $308.8M | ||
| Q3 25 | $62.8M | $293.0M | ||
| Q2 25 | $116.7M | $299.5M | ||
| Q1 25 | $134.1M | $394.7M | ||
| Q4 24 | $85.0M | $377.3M | ||
| Q3 24 | $100.5M | $404.2M | ||
| Q2 24 | $100.6M | $272.7M |
股东权益GLLECO
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $1.5B | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $5.4B | $1.4B | ||
| Q1 25 | $5.4B | $1.3B | ||
| Q4 24 | $5.3B | $1.3B | ||
| Q3 24 | $4.6B | $1.3B | ||
| Q2 24 | $5.2B | $1.3B |
总资产GLLECO
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $3.8B | ||
| Q3 25 | $30.5B | $3.8B | ||
| Q2 25 | $29.8B | $3.7B | ||
| Q1 25 | $29.7B | $3.6B | ||
| Q4 24 | $29.1B | $3.5B | ||
| Q3 24 | $29.6B | $3.7B | ||
| Q2 24 | $28.3B | $3.4B |
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 | — | $95.0M |
| 自由现金流经营现金流 - 资本支出 | — | $52.0M |
| 自由现金流率自由现金流/营收 | — | 4.8% |
| 资本支出强度资本支出/营收 | — | 4.0% |
| 现金转化率经营现金流/净利润 | — | 0.70× |
| 过去12个月自由现金流最近4个季度 | — | $534.2M |
8季度趋势，按日历期对齐
经营现金流GLLECO
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $95.0M | ||
| Q3 25 | $306.0M | $236.7M | ||
| Q2 25 | $307.9M | $143.8M | ||
| Q1 25 | $431.9M | $185.7M | ||
| Q4 24 | $336.9M | $95.8M | ||
| Q3 24 | $340.6M | $199.2M | ||
| Q2 24 | $374.1M | $170.7M |
自由现金流GLLECO
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $52.0M | ||
| Q3 25 | $208.7M | $205.1M | ||
| Q2 25 | $295.0M | $118.4M | ||
| Q1 25 | $420.1M | $158.7M | ||
| Q4 24 | $321.9M | $64.3M | ||
| Q3 24 | $311.3M | $163.5M | ||
| Q2 24 | $356.5M | $147.5M |
自由现金流率GLLECO
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 4.8% | ||
| Q3 25 | 13.8% | 19.3% | ||
| Q2 25 | 19.9% | 10.9% | ||
| Q1 25 | 28.4% | 15.8% | ||
| Q4 24 | 22.0% | 6.3% | ||
| Q3 24 | 21.4% | 16.6% | ||
| Q2 24 | 24.8% | 14.4% |
资本支出强度GLLECO
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 4.0% | ||
| Q3 25 | 6.4% | 3.0% | ||
| Q2 25 | 0.9% | 2.3% | ||
| Q1 25 | 0.8% | 2.7% | ||
| Q4 24 | 1.0% | 3.1% | ||
| Q3 24 | 2.0% | 3.6% | ||
| Q2 24 | 1.2% | 2.3% |
现金转化率GLLECO
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 0.70× | ||
| Q3 25 | 0.79× | 1.93× | ||
| Q2 25 | 1.22× | 1.00× | ||
| Q1 25 | 1.70× | 1.57× | ||
| Q4 24 | 1.32× | 0.68× | ||
| Q3 24 | 1.12× | 1.98× | ||
| Q2 24 | 1.45× | 1.68× |
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
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
LECO
| Americas Welding | $681.9M | 63% |
| International Welding | $259.4M | 24% |
| Harris Products Group | $137.4M | 13% |
