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Globe Life（GL）与WATSCO INC（WSO）财务数据对比。点击上方公司名可切换其他公司
WATSCO INC的季度营收约是Globe Life的1.0倍（$1.6B vs $1.6B），Globe Life净利率更高（17.3% vs 4.5%，领先12.8%），Globe Life同比增速更快（5.3% vs -10.0%），过去两年Globe Life的营收复合增速更高（4.1% vs 0.4%）
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。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
GL vs WSO — 直观对比
营收规模更大
WSO
是对方的1.0倍
$1.6B
营收增速更快
GL
高出15.3%
-10.0%
净利率更高
GL
高出12.8%
4.5%
两年增速更快
GL
近两年复合增速
0.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.6B |
| 净利润 | $270.5M | $71.7M |
| 毛利率 | — | 27.1% |
| 营业利润率 | — | 6.4% |
| 净利率 | 17.3% | 4.5% |
| 营收同比 | 5.3% | -10.0% |
| 净利润同比 | 6.3% | -25.9% |
| 每股收益（稀释后） | $3.39 | $1.82 |
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GLWSO
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B |
净利润GLWSO
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $71.7M | ||
| Q3 25 | $387.8M | $161.6M | ||
| Q2 25 | $252.7M | $183.6M | ||
| Q1 25 | $254.6M | $80.1M | ||
| Q4 24 | $255.2M | $96.8M | ||
| Q3 24 | $303.0M | $171.0M | ||
| Q2 24 | $258.4M | $181.4M |
毛利率GLWSO
| Q1 26 | — | — | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | 26.1% | 26.2% | ||
| Q2 24 | 23.3% | 27.1% |
营业利润率GLWSO
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 6.4% | ||
| Q3 25 | 31.5% | 11.4% | ||
| Q2 25 | 21.2% | 13.2% | ||
| Q1 25 | 21.4% | 7.3% | ||
| Q4 24 | 21.3% | 7.8% | ||
| Q3 24 | 26.3% | 11.6% | ||
| Q2 24 | 23.5% | 12.6% |
净利率GLWSO
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 4.5% | ||
| Q3 25 | 25.6% | 7.8% | ||
| Q2 25 | 17.1% | 8.9% | ||
| Q1 25 | 17.2% | 5.2% | ||
| Q4 24 | 17.4% | 5.5% | ||
| Q3 24 | 20.8% | 7.9% | ||
| Q2 24 | 17.9% | 8.5% |
每股收益（稀释后）GLWSO
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $1.82 | ||
| Q3 25 | $4.73 | $3.98 | ||
| Q2 25 | $3.05 | $4.52 | ||
| Q1 25 | $3.01 | $1.93 | ||
| Q4 24 | $3.00 | $2.42 | ||
| Q3 24 | $3.44 | $4.22 | ||
| Q2 24 | $2.83 | $4.49 |
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 | $733.3M |
| 总债务越低越好 | — | $361.6M |
| 股东权益账面价值 | $6.1B | $2.8B |
| 总资产 | — | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资GLWSO
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $733.3M | ||
| Q3 25 | $62.8M | $524.3M | ||
| Q2 25 | $116.7M | $293.0M | ||
| Q1 25 | $134.1M | $431.8M | ||
| Q4 24 | $85.0M | $781.9M | ||
| Q3 24 | $100.5M | $550.0M | ||
| Q2 24 | $100.6M | $424.9M |
总债务GLWSO
| Q1 26 | — | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
股东权益GLWSO
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $2.8B | ||
| Q3 25 | $5.7B | $2.8B | ||
| Q2 25 | $5.4B | $2.8B | ||
| Q1 25 | $5.4B | $2.7B | ||
| Q4 24 | $5.3B | $2.7B | ||
| Q3 24 | $4.6B | $2.7B | ||
| Q2 24 | $5.2B | $2.6B |
总资产GLWSO
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $4.4B | ||
| Q3 25 | $30.5B | $4.6B | ||
| Q2 25 | $29.8B | $4.7B | ||
| Q1 25 | $29.7B | $4.5B | ||
| Q4 24 | $29.1B | $4.5B | ||
| Q3 24 | $29.6B | $4.5B | ||
| Q2 24 | $28.3B | $4.4B |
负债/权益比GLWSO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× |
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 | — | $399.8M |
| 自由现金流经营现金流 - 资本支出 | — | $388.5M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | — | 5.57× |
| 过去12个月自由现金流最近4个季度 | — | $535.1M |
8季度趋势，按日历期对齐
经营现金流GLWSO
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $399.8M | ||
| Q3 25 | $306.0M | $354.9M | ||
| Q2 25 | $307.9M | $-7.4M | ||
| Q1 25 | $431.9M | $-177.6M | ||
| Q4 24 | $336.9M | $378.9M | ||
| Q3 24 | $340.6M | $232.8M | ||
| Q2 24 | $374.1M | $57.7M |
自由现金流GLWSO
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $388.5M | ||
| Q3 25 | $208.7M | $346.1M | ||
| Q2 25 | $295.0M | $-14.3M | ||
| Q1 25 | $420.1M | $-185.2M | ||
| Q4 24 | $321.9M | $370.9M | ||
| Q3 24 | $311.3M | $223.0M | ||
| Q2 24 | $356.5M | $51.3M |
自由现金流率GLWSO
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 24.6% | ||
| Q3 25 | 13.8% | 16.7% | ||
| Q2 25 | 19.9% | -0.7% | ||
| Q1 25 | 28.4% | -12.1% | ||
| Q4 24 | 22.0% | 21.1% | ||
| Q3 24 | 21.4% | 10.3% | ||
| Q2 24 | 24.8% | 2.4% |
资本支出强度GLWSO
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.7% | ||
| Q3 25 | 6.4% | 0.4% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 0.8% | 0.5% | ||
| Q4 24 | 1.0% | 0.5% | ||
| Q3 24 | 2.0% | 0.5% | ||
| Q2 24 | 1.2% | 0.3% |
现金转化率GLWSO
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 5.57× | ||
| Q3 25 | 0.79× | 2.20× | ||
| Q2 25 | 1.22× | -0.04× | ||
| Q1 25 | 1.70× | -2.22× | ||
| Q4 24 | 1.32× | 3.91× | ||
| Q3 24 | 1.12× | 1.36× | ||
| Q2 24 | 1.45× | 0.32× |
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% |
WSO
暂无分部数据
