vs
康宁（GLW）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是康宁的1.8倍（$7.4B vs $4.1B），美国合众银行净利率更高（27.8% vs 9.3%，领先18.4%），美国合众银行同比增速更快（5.1% vs 0.0%），过去两年康宁的营收复合增速更高（12.9% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
GLW vs USB — 直观对比
营收规模更大
USB
是对方的1.8倍
$4.1B
营收增速更快
USB
高出5.1%
0.0%
净利率更高
USB
高出18.4%
9.3%
两年增速更快
GLW
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $7.4B |
| 净利润 | $387.0M | $2.0B |
| 毛利率 | 36.9% | — |
| 营业利润率 | 15.4% | 34.4% |
| 净利率 | 9.3% | 27.8% |
| 营收同比 | 0.0% | 5.1% |
| 净利润同比 | -60.0% | 23.0% |
| 每股收益（稀释后） | $0.43 | $1.26 |
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GLWUSB
| Q1 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $7.4B | ||
| Q3 25 | $4.1B | $7.3B | ||
| Q2 25 | $3.9B | $7.0B | ||
| Q1 25 | $3.5B | $7.0B | ||
| Q4 24 | $3.5B | $7.0B | ||
| Q3 24 | $3.4B | $6.9B | ||
| Q2 24 | $3.3B | $6.9B |
净利润GLWUSB
| Q1 26 | $387.0M | — | ||
| Q4 25 | $540.0M | $2.0B | ||
| Q3 25 | $430.0M | $2.0B | ||
| Q2 25 | $469.0M | $1.8B | ||
| Q1 25 | $157.0M | $1.7B | ||
| Q4 24 | $310.0M | $1.7B | ||
| Q3 24 | $-117.0M | $1.7B | ||
| Q2 24 | $104.0M | $1.6B |
毛利率GLWUSB
| Q1 26 | 36.9% | — | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | 37.1% | — | ||
| Q2 25 | 36.0% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 29.2% | — |
营业利润率GLWUSB
| Q1 26 | 15.4% | — | ||
| Q4 25 | 15.9% | 34.4% | ||
| Q3 25 | 14.4% | 34.5% | ||
| Q2 25 | 14.8% | 32.7% | ||
| Q1 25 | 12.9% | 31.0% | ||
| Q4 24 | 11.2% | 30.1% | ||
| Q3 24 | 8.9% | 30.2% | ||
| Q2 24 | 5.7% | 29.9% |
净利率GLWUSB
| Q1 26 | 9.3% | — | ||
| Q4 25 | 12.8% | 27.8% | ||
| Q3 25 | 10.5% | 27.3% | ||
| Q2 25 | 12.1% | 25.9% | ||
| Q1 25 | 4.5% | 24.6% | ||
| Q4 24 | 8.9% | 23.7% | ||
| Q3 24 | -3.5% | 25.0% | ||
| Q2 24 | 3.2% | 23.3% |
每股收益（稀释后）GLWUSB
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.61 | $1.26 | ||
| Q3 25 | $0.50 | $1.22 | ||
| Q2 25 | $0.54 | $1.11 | ||
| Q1 25 | $0.18 | $1.03 | ||
| Q4 24 | $0.36 | $1.01 | ||
| Q3 24 | $-0.14 | $1.03 | ||
| Q2 24 | $0.12 | $0.97 |
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 | $1.8M | — |
| 总债务越低越好 | $7.7M | — |
| 股东权益账面价值 | $12.3M | $65.2B |
| 总资产 | $31.3M | $692.3B |
| 负债/权益比越低杠杆越低 | 0.62× | — |
8季度趋势，按日历期对齐
现金及短期投资GLWUSB
| Q1 26 | $1.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务GLWUSB
| Q1 26 | $7.7M | — | ||
| 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GLWUSB
| Q1 26 | $12.3M | — | ||
| Q4 25 | $11.8B | $65.2B | ||
| Q3 25 | $11.5B | $63.3B | ||
| Q2 25 | $11.1B | $61.4B | ||
| Q1 25 | $10.7B | $60.1B | ||
| Q4 24 | $10.7B | $58.6B | ||
| Q3 24 | $11.1B | $58.9B | ||
| Q2 24 | $10.6B | $56.4B |
总资产GLWUSB
| Q1 26 | $31.3M | — | ||
| Q4 25 | $31.0B | $692.3B | ||
| Q3 25 | $29.9B | $695.4B | ||
| Q2 25 | $28.7B | $686.4B | ||
| Q1 25 | $27.4B | $676.5B | ||
| Q4 24 | $27.7B | $678.3B | ||
| Q3 24 | $28.3B | $686.5B | ||
| Q2 24 | $27.2B | $680.1B |
负债/权益比GLWUSB
| Q1 26 | 0.62× | — | ||
| 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 | $362.0M | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $188.0M | — |
| 自由现金流率自由现金流/营收 | 4.5% | — |
| 资本支出强度资本支出/营收 | 8.0% | — |
| 现金转化率经营现金流/净利润 | 0.94× | 1.39× |
| 过去12个月自由现金流最近4个季度 | $1.7B | — |
8季度趋势，按日历期对齐
经营现金流GLWUSB
| Q1 26 | $362.0M | — | ||
| Q4 25 | $1.1B | $2.8B | ||
| Q3 25 | $784.0M | $3.4B | ||
| Q2 25 | $708.0M | $2.0B | ||
| Q1 25 | $151.0M | $-285.0M | ||
| Q4 24 | $623.0M | $4.8B | ||
| Q3 24 | $699.0M | $972.0M | ||
| Q2 24 | $521.0M | $2.9B |
自由现金流GLWUSB
| Q1 26 | $188.0M | — | ||
| Q4 25 | $620.0M | — | ||
| Q3 25 | $450.0M | — | ||
| Q2 25 | $400.0M | — | ||
| Q1 25 | $-57.0M | — | ||
| Q4 24 | $369.0M | — | ||
| Q3 24 | $482.0M | — | ||
| Q2 24 | $279.0M | — |
自由现金流率GLWUSB
| Q1 26 | 4.5% | — | ||
| Q4 25 | 14.7% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | -1.7% | — | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 14.2% | — | ||
| Q2 24 | 8.6% | — |
资本支出强度GLWUSB
| Q1 26 | 8.0% | — | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 6.4% | — | ||
| Q2 24 | 7.4% | — |
现金转化率GLWUSB
| Q1 26 | 0.94× | — | ||
| Q4 25 | 1.95× | 1.39× | ||
| Q3 25 | 1.82× | 1.69× | ||
| Q2 25 | 1.51× | 1.12× | ||
| Q1 25 | 0.96× | -0.17× | ||
| Q4 24 | 2.01× | 2.87× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | 5.01× | 1.79× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
