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康宁（GLW）与派克汉尼汾（PH）财务数据对比。点击上方公司名可切换其他公司
派克汉尼汾的季度营收约是康宁的1.2倍（$5.2B vs $4.2B），康宁同比增速更快（20.4% vs 9.1%），派克汉尼汾自由现金流更多（$768.0M vs $620.0M），过去两年康宁的营收复合增速更高（19.0% vs 1.0%）
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。
派克汉尼汾（常简称为派克）是一家专注于运动与控制技术的美国企业，前身为派克电器公司，总部坐落于俄亥俄州大克利夫兰都市区的梅菲尔德高地，其技术及产品广泛应用于工业制造、航空航天等多个核心领域。
GLW vs PH — 直观对比
营收规模更大
PH
是对方的1.2倍
$4.2B
营收增速更快
GLW
高出11.3%
9.1%
自由现金流更多
PH
多$148.0M
$620.0M
两年增速更快
GLW
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $5.2B |
| 净利润 | $540.0M | — |
| 毛利率 | 35.5% | 37.3% |
| 营业利润率 | 15.9% | 22.8% |
| 净利率 | 12.8% | — |
| 营收同比 | 20.4% | 9.1% |
| 净利润同比 | 74.2% | — |
| 每股收益（稀释后） | $0.61 | $6.60 |
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GLWPH
| Q4 25 | $4.2B | $5.2B | ||
| Q3 25 | $4.1B | $5.1B | ||
| Q2 25 | $3.9B | $5.2B | ||
| Q1 25 | $3.5B | $5.0B | ||
| Q4 24 | $3.5B | $4.7B | ||
| Q3 24 | $3.4B | $4.9B | ||
| Q2 24 | $3.3B | $5.2B | ||
| Q1 24 | $3.0B | $5.1B |
净利润GLWPH
| Q4 25 | $540.0M | — | ||
| Q3 25 | $430.0M | — | ||
| Q2 25 | $469.0M | $923.6M | ||
| Q1 25 | $157.0M | $961.2M | ||
| Q4 24 | $310.0M | $948.6M | ||
| Q3 24 | $-117.0M | $698.5M | ||
| Q2 24 | $104.0M | $785.1M | ||
| Q1 24 | $209.0M | $726.7M |
毛利率GLWPH
| Q4 25 | 35.5% | 37.3% | ||
| Q3 25 | 37.1% | 37.5% | ||
| Q2 25 | 36.0% | 37.3% | ||
| Q1 25 | 35.2% | 36.9% | ||
| Q4 24 | 34.2% | 36.3% | ||
| Q3 24 | 33.5% | 36.8% | ||
| Q2 24 | 29.2% | 35.9% | ||
| Q1 24 | 33.4% | 35.4% |
营业利润率GLWPH
| Q4 25 | 15.9% | 22.8% | ||
| Q3 25 | 14.4% | 23.3% | ||
| Q2 25 | 14.8% | 22.7% | ||
| Q1 25 | 12.9% | 22.3% | ||
| Q4 24 | 11.2% | 20.9% | ||
| Q3 24 | 8.9% | 21.6% | ||
| Q2 24 | 5.7% | 21.1% | ||
| Q1 24 | 8.5% | 20.4% |
净利率GLWPH
| Q4 25 | 12.8% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 12.1% | 17.6% | ||
| Q1 25 | 4.5% | 19.4% | ||
| Q4 24 | 8.9% | 20.0% | ||
| Q3 24 | -3.5% | 14.2% | ||
| Q2 24 | 3.2% | 15.1% | ||
| Q1 24 | 7.0% | 14.3% |
每股收益（稀释后）GLWPH
| Q4 25 | $0.61 | $6.60 | ||
| Q3 25 | $0.50 | $6.29 | ||
| Q2 25 | $0.54 | $7.16 | ||
| Q1 25 | $0.18 | $7.37 | ||
| Q4 24 | $0.36 | $7.25 | ||
| Q3 24 | $-0.14 | $5.34 | ||
| Q2 24 | $0.12 | $6.06 | ||
| Q1 24 | $0.24 | $5.56 |
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 | $427.0M |
| 总债务越低越好 | $7.6B | $7.5B |
| 股东权益账面价值 | $11.8B | $14.3B |
| 总资产 | $31.0B | $30.5B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资GLWPH
| Q4 25 | $1.5B | $427.0M | ||
| Q3 25 | — | $473.0M | ||
| Q2 25 | — | $467.0M | ||
| Q1 25 | — | $408.7M | ||
| Q4 24 | $1.8B | $395.5M | ||
| Q3 24 | — | $371.1M | ||
| Q2 24 | — | $422.0M | ||
| Q1 24 | — | $415.5M |
总债务GLWPH
| Q4 25 | $7.6B | $7.5B | ||
| Q3 25 | $7.4B | $7.5B | ||
| Q2 25 | $6.7B | $7.5B | ||
| Q1 25 | $7.0B | $7.4B | ||
| Q4 24 | $6.9B | $6.7B | ||
| Q3 24 | $7.1B | $6.7B | ||
| Q2 24 | $6.9B | $7.2B | ||
| Q1 24 | $7.0B | $7.3B |
股东权益GLWPH
| Q4 25 | $11.8B | $14.3B | ||
| Q3 25 | $11.5B | $13.8B | ||
| Q2 25 | $11.1B | $13.7B | ||
| Q1 25 | $10.7B | $13.4B | ||
| Q4 24 | $10.7B | $13.1B | ||
| Q3 24 | $11.1B | $12.9B | ||
| Q2 24 | $10.6B | $12.1B | ||
| Q1 24 | $11.2B | $11.6B |
总资产GLWPH
| Q4 25 | $31.0B | $30.5B | ||
| Q3 25 | $29.9B | $30.7B | ||
| Q2 25 | $28.7B | $29.5B | ||
| Q1 25 | $27.4B | $28.9B | ||
| Q4 24 | $27.7B | $28.3B | ||
| Q3 24 | $28.3B | $29.6B | ||
| Q2 24 | $27.2B | $29.3B | ||
| Q1 24 | $27.6B | $29.6B |
负债/权益比GLWPH
| Q4 25 | 0.65× | 0.52× | ||
| Q3 25 | 0.64× | 0.54× | ||
| Q2 25 | 0.60× | 0.55× | ||
| Q1 25 | 0.65× | 0.55× | ||
| Q4 24 | 0.64× | 0.51× | ||
| Q3 24 | 0.64× | 0.52× | ||
| Q2 24 | 0.65× | 0.59× | ||
| Q1 24 | 0.63× | 0.63× |
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 | $862.0M |
| 自由现金流经营现金流 - 资本支出 | $620.0M | $768.0M |
| 自由现金流率自由现金流/营收 | 14.7% | 14.8% |
| 资本支出强度资本支出/营收 | 10.2% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.95× | — |
| 过去12个月自由现金流最近4个季度 | $1.4B | $3.3B |
8季度趋势，按日历期对齐
经营现金流GLWPH
| Q4 25 | $1.1B | $862.0M | ||
| Q3 25 | $784.0M | $782.0M | ||
| Q2 25 | $708.0M | $1.5B | ||
| Q1 25 | $151.0M | $630.0M | ||
| Q4 24 | $623.0M | $934.8M | ||
| Q3 24 | $699.0M | $744.0M | ||
| Q2 24 | $521.0M | $1.2B | ||
| Q1 24 | $96.0M | $795.1M |
自由现金流GLWPH
| Q4 25 | $620.0M | $768.0M | ||
| Q3 25 | $450.0M | $693.0M | ||
| Q2 25 | $400.0M | $1.3B | ||
| Q1 25 | $-57.0M | $542.4M | ||
| Q4 24 | $369.0M | $813.6M | ||
| Q3 24 | $482.0M | $648.7M | ||
| Q2 24 | $279.0M | $1.1B | ||
| Q1 24 | $-156.0M | $715.9M |
自由现金流率GLWPH
| Q4 25 | 14.7% | 14.8% | ||
| Q3 25 | 11.0% | 13.6% | ||
| Q2 25 | 10.4% | 25.5% | ||
| Q1 25 | -1.7% | 10.9% | ||
| Q4 24 | 10.5% | 17.2% | ||
| Q3 24 | 14.2% | 13.2% | ||
| Q2 24 | 8.6% | 21.6% | ||
| Q1 24 | -5.2% | 14.1% |
资本支出强度GLWPH
| Q4 25 | 10.2% | 1.8% | ||
| Q3 25 | 8.1% | 1.8% | ||
| Q2 25 | 8.0% | 2.5% | ||
| Q1 25 | 6.0% | 1.8% | ||
| Q4 24 | 7.3% | 2.6% | ||
| Q3 24 | 6.4% | 1.9% | ||
| Q2 24 | 7.4% | 2.3% | ||
| Q1 24 | 8.5% | 1.6% |
现金转化率GLWPH
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 1.51× | 1.59× | ||
| Q1 25 | 0.96× | 0.66× | ||
| Q4 24 | 2.01× | 0.99× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | 5.01× | 1.58× | ||
| Q1 24 | 0.46× | 1.09× |
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
PH
| Filtration And Engineered Materials | $1.5B | 28% |
| Other | $1.1B | 22% |
| Motion Systems | $893.0M | 17% |
| Commercial Aftermarket | $619.0M | 12% |
| Commercial Original Equipment Manufacturer | $561.0M | 11% |
| Defense Original Equipment Manufacturer | $305.0M | 6% |
| Defense Aftermarket | $221.0M | 4% |
