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康宁（GLW）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
康宁的季度营收约是ServiceNow的1.1倍（$4.2B vs $3.8B），康宁净利率更高（12.8% vs 12.4%，领先0.4%），康宁同比增速更快（20.4% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $620.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs 19.0%）
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
GLW vs NOW — 直观对比
营收规模更大
GLW
是对方的1.1倍
$3.8B
营收增速更快
GLW
高出17.6%
2.8%
净利率更高
GLW
高出0.4%
12.4%
自由现金流更多
NOW
多$1.0B
$620.0M
两年增速更快
NOW
近两年复合增速
19.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.8B |
| 净利润 | $540.0M | $469.0M |
| 毛利率 | 35.5% | 75.1% |
| 营业利润率 | 15.9% | 13.3% |
| 净利率 | 12.8% | 12.4% |
| 营收同比 | 20.4% | 2.8% |
| 净利润同比 | 74.2% | -53.7% |
| 每股收益（稀释后） | $0.61 | $1.04 |
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GLWNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.2B | $3.6B | ||
| Q3 25 | $4.1B | $3.4B | ||
| Q2 25 | $3.9B | $3.2B | ||
| Q1 25 | $3.5B | $3.1B | ||
| Q4 24 | $3.5B | $3.0B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.3B | $2.6B |
净利润GLWNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $540.0M | $401.0M | ||
| Q3 25 | $430.0M | $502.0M | ||
| Q2 25 | $469.0M | $385.0M | ||
| Q1 25 | $157.0M | $460.0M | ||
| Q4 24 | $310.0M | $384.0M | ||
| Q3 24 | $-117.0M | $432.0M | ||
| Q2 24 | $104.0M | $262.0M |
毛利率GLWNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | 35.5% | 76.6% | ||
| Q3 25 | 37.1% | 77.3% | ||
| Q2 25 | 36.0% | 77.5% | ||
| Q1 25 | 35.2% | 78.9% | ||
| Q4 24 | 34.2% | 78.7% | ||
| Q3 24 | 33.5% | 79.1% | ||
| Q2 24 | 29.2% | 79.0% |
营业利润率GLWNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 15.9% | 12.4% | ||
| Q3 25 | 14.4% | 16.8% | ||
| Q2 25 | 14.8% | 11.1% | ||
| Q1 25 | 12.9% | 14.6% | ||
| Q4 24 | 11.2% | 12.6% | ||
| Q3 24 | 8.9% | 14.9% | ||
| Q2 24 | 5.7% | 9.1% |
净利率GLWNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 12.8% | 11.2% | ||
| Q3 25 | 10.5% | 14.7% | ||
| Q2 25 | 12.1% | 12.0% | ||
| Q1 25 | 4.5% | 14.9% | ||
| Q4 24 | 8.9% | 13.0% | ||
| Q3 24 | -3.5% | 15.4% | ||
| Q2 24 | 3.2% | 10.0% |
每股收益（稀释后）GLWNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.61 | $-4.77 | ||
| Q3 25 | $0.50 | $2.40 | ||
| Q2 25 | $0.54 | $1.84 | ||
| Q1 25 | $0.18 | $2.20 | ||
| Q4 24 | $0.36 | $1.84 | ||
| Q3 24 | $-0.14 | $2.07 | ||
| Q2 24 | $0.12 | $1.26 |
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 | $1.5B | $2.7B |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $11.8B | $11.7B |
| 总资产 | $31.0B | $24.4B |
| 负债/权益比越低杠杆越低 | 0.65× | — |
8季度趋势，按日历期对齐
现金及短期投资GLWNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.5B | $3.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.2B |
总债务GLWNOW
| Q1 26 | — | — | ||
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.4B | — | ||
| Q2 25 | $6.7B | — | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $7.1B | — | ||
| Q2 24 | $6.9B | — |
股东权益GLWNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $11.8B | $13.0B | ||
| Q3 25 | $11.5B | $11.3B | ||
| Q2 25 | $11.1B | $10.9B | ||
| Q1 25 | $10.7B | $10.1B | ||
| Q4 24 | $10.7B | $9.6B | ||
| Q3 24 | $11.1B | $9.3B | ||
| Q2 24 | $10.6B | $8.7B |
总资产GLWNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $31.0B | $26.0B | ||
| Q3 25 | $29.9B | $21.8B | ||
| Q2 25 | $28.7B | $22.1B | ||
| Q1 25 | $27.4B | $21.0B | ||
| Q4 24 | $27.7B | $20.4B | ||
| Q3 24 | $28.3B | $18.4B | ||
| Q2 24 | $27.2B | $18.2B |
负债/权益比GLWNOW
| Q1 26 | — | — | ||
| Q4 25 | 0.65× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.65× | — |
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 | $1.1B | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $620.0M | $1.7B |
| 自由现金流率自由现金流/营收 | 14.7% | 44.2% |
| 资本支出强度资本支出/营收 | 10.2% | — |
| 现金转化率经营现金流/净利润 | 1.95× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $4.8B |
8季度趋势，按日历期对齐
经营现金流GLWNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $784.0M | $813.0M | ||
| Q2 25 | $708.0M | $716.0M | ||
| Q1 25 | $151.0M | $1.7B | ||
| Q4 24 | $623.0M | $1.6B | ||
| Q3 24 | $699.0M | $671.0M | ||
| Q2 24 | $521.0M | $620.0M |
自由现金流GLWNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $620.0M | $2.0B | ||
| Q3 25 | $450.0M | $578.0M | ||
| Q2 25 | $400.0M | $526.0M | ||
| Q1 25 | $-57.0M | $1.5B | ||
| Q4 24 | $369.0M | $1.4B | ||
| Q3 24 | $482.0M | $469.0M | ||
| Q2 24 | $279.0M | $358.0M |
自由现金流率GLWNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 14.7% | 56.1% | ||
| Q3 25 | 11.0% | 17.0% | ||
| Q2 25 | 10.4% | 16.4% | ||
| Q1 25 | -1.7% | 47.7% | ||
| Q4 24 | 10.5% | 46.7% | ||
| Q3 24 | 14.2% | 16.8% | ||
| Q2 24 | 8.6% | 13.6% |
资本支出强度GLWNOW
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 6.7% | ||
| Q3 25 | 8.1% | 6.9% | ||
| Q2 25 | 8.0% | 5.9% | ||
| Q1 25 | 6.0% | 6.6% | ||
| Q4 24 | 7.3% | 8.6% | ||
| Q3 24 | 6.4% | 7.2% | ||
| Q2 24 | 7.4% | 10.0% |
现金转化率GLWNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 1.95× | 5.58× | ||
| Q3 25 | 1.82× | 1.62× | ||
| Q2 25 | 1.51× | 1.86× | ||
| Q1 25 | 0.96× | 3.65× | ||
| Q4 24 | 2.01× | 4.26× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | 5.01× | 2.37× |
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
GLW
暂无分部数据
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
