vs
康宁（GLW）与韦莱韬悦（WTW）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韦莱韬悦的1.5倍（$4.2B vs $2.9B），韦莱韬悦净利率更高（25.5% vs 12.8%，领先12.7%），康宁同比增速更快（20.4% vs -3.5%），韦莱韬悦自由现金流更多（$708.0M vs $620.0M），过去两年康宁的营收复合增速更高（19.0% vs 12.0%）
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。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
GLW vs WTW — 直观对比
营收规模更大
GLW
是对方的1.5倍
$2.9B
营收增速更快
GLW
高出23.9%
-3.5%
净利率更高
WTW
高出12.7%
12.8%
自由现金流更多
WTW
多$88.0M
$620.0M
两年增速更快
GLW
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.9B |
| 净利润 | $540.0M | $735.0M |
| 毛利率 | 35.5% | — |
| 营业利润率 | 15.9% | 35.3% |
| 净利率 | 12.8% | 25.5% |
| 营收同比 | 20.4% | -3.5% |
| 净利润同比 | 74.2% | -41.0% |
| 每股收益（稀释后） | $0.61 | $7.50 |
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GLWWTW
| Q4 25 | $4.2B | $2.9B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | $3.5B | $2.2B | ||
| Q4 24 | $3.5B | $3.0B | ||
| Q3 24 | $3.4B | $2.2B | ||
| Q2 24 | $3.3B | $2.2B | ||
| Q1 24 | $3.0B | $2.3B |
净利润GLWWTW
| Q4 25 | $540.0M | $735.0M | ||
| Q3 25 | $430.0M | $304.0M | ||
| Q2 25 | $469.0M | $331.0M | ||
| Q1 25 | $157.0M | $235.0M | ||
| Q4 24 | $310.0M | $1.2B | ||
| Q3 24 | $-117.0M | $-1.7B | ||
| Q2 24 | $104.0M | $141.0M | ||
| Q1 24 | $209.0M | $190.0M |
毛利率GLWWTW
| 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% | — | ||
| Q1 24 | 33.4% | — |
营业利润率GLWWTW
| Q4 25 | 15.9% | 35.3% | ||
| Q3 25 | 14.4% | 18.7% | ||
| Q2 25 | 14.8% | 16.6% | ||
| Q1 25 | 12.9% | 19.8% | ||
| Q4 24 | 11.2% | 30.2% | ||
| Q3 24 | 8.9% | -34.2% | ||
| Q2 24 | 5.7% | 9.6% | ||
| Q1 24 | 8.5% | 12.2% |
净利率GLWWTW
| Q4 25 | 12.8% | 25.5% | ||
| Q3 25 | 10.5% | 13.6% | ||
| Q2 25 | 12.1% | 14.9% | ||
| Q1 25 | 4.5% | 10.8% | ||
| Q4 24 | 8.9% | 41.7% | ||
| Q3 24 | -3.5% | -74.8% | ||
| Q2 24 | 3.2% | 6.4% | ||
| Q1 24 | 7.0% | 8.3% |
每股收益（稀释后）GLWWTW
| Q4 25 | $0.61 | $7.50 | ||
| Q3 25 | $0.50 | $3.11 | ||
| Q2 25 | $0.54 | $3.32 | ||
| Q1 25 | $0.18 | $2.33 | ||
| Q4 24 | $0.36 | $12.29 | ||
| Q3 24 | $-0.14 | $-16.44 | ||
| Q2 24 | $0.12 | $1.36 | ||
| Q1 24 | $0.24 | $1.83 |
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 | $3.2B |
| 总债务越低越好 | $7.6B | $9.7B |
| 股东权益账面价值 | $11.8B | $8.0B |
| 总资产 | $31.0B | $29.5B |
| 负债/权益比越低杠杆越低 | 0.65× | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资GLWWTW
| Q4 25 | $1.5B | $3.2B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.9B |
总债务GLWWTW
| Q4 25 | $7.6B | $9.7B | ||
| Q3 25 | $7.4B | — | ||
| Q2 25 | $6.7B | — | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | $8.6B | ||
| Q3 24 | $7.1B | — | ||
| Q2 24 | $6.9B | — | ||
| Q1 24 | $7.0B | — |
股东权益GLWWTW
| Q4 25 | $11.8B | $8.0B | ||
| Q3 25 | $11.5B | $7.7B | ||
| Q2 25 | $11.1B | $8.1B | ||
| Q1 25 | $10.7B | $8.1B | ||
| Q4 24 | $10.7B | $7.9B | ||
| Q3 24 | $11.1B | $7.5B | ||
| Q2 24 | $10.6B | $9.3B | ||
| Q1 24 | $11.2B | $9.5B |
总资产GLWWTW
| Q4 25 | $31.0B | $29.5B | ||
| Q3 25 | $29.9B | $27.4B | ||
| Q2 25 | $28.7B | $28.5B | ||
| Q1 25 | $27.4B | $28.1B | ||
| Q4 24 | $27.7B | $27.7B | ||
| Q3 24 | $28.3B | $27.2B | ||
| Q2 24 | $27.2B | $29.6B | ||
| Q1 24 | $27.6B | $30.2B |
负债/权益比GLWWTW
| Q4 25 | 0.65× | 1.21× | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.64× | 1.08× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.65× | — | ||
| Q1 24 | 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 | $771.0M |
| 自由现金流经营现金流 - 资本支出 | $620.0M | $708.0M |
| 自由现金流率自由现金流/营收 | 14.7% | 24.6% |
| 资本支出强度资本支出/营收 | 10.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.5B |
8季度趋势，按日历期对齐
经营现金流GLWWTW
| Q4 25 | $1.1B | $771.0M | ||
| Q3 25 | $784.0M | $678.0M | ||
| Q2 25 | $708.0M | $361.0M | ||
| Q1 25 | $151.0M | $-35.0M | ||
| Q4 24 | $623.0M | $599.0M | ||
| Q3 24 | $699.0M | $482.0M | ||
| Q2 24 | $521.0M | $407.0M | ||
| Q1 24 | $96.0M | $24.0M |
自由现金流GLWWTW
| Q4 25 | $620.0M | $708.0M | ||
| Q3 25 | $450.0M | $621.0M | ||
| Q2 25 | $400.0M | $303.0M | ||
| Q1 25 | $-57.0M | $-86.0M | ||
| Q4 24 | $369.0M | $543.0M | ||
| Q3 24 | $482.0M | $419.0M | ||
| Q2 24 | $279.0M | $341.0M | ||
| Q1 24 | $-156.0M | $-36.0M |
自由现金流率GLWWTW
| Q4 25 | 14.7% | 24.6% | ||
| Q3 25 | 11.0% | 27.7% | ||
| Q2 25 | 10.4% | 13.7% | ||
| Q1 25 | -1.7% | -3.9% | ||
| Q4 24 | 10.5% | 18.2% | ||
| Q3 24 | 14.2% | 18.7% | ||
| Q2 24 | 8.6% | 15.4% | ||
| Q1 24 | -5.2% | -1.6% |
资本支出强度GLWWTW
| Q4 25 | 10.2% | 2.2% | ||
| Q3 25 | 8.1% | 2.5% | ||
| Q2 25 | 8.0% | 2.6% | ||
| Q1 25 | 6.0% | 2.3% | ||
| Q4 24 | 7.3% | 1.9% | ||
| Q3 24 | 6.4% | 2.8% | ||
| Q2 24 | 7.4% | 3.0% | ||
| Q1 24 | 8.5% | 2.6% |
现金转化率GLWWTW
| Q4 25 | 1.95× | 1.05× | ||
| Q3 25 | 1.82× | 2.23× | ||
| Q2 25 | 1.51× | 1.09× | ||
| Q1 25 | 0.96× | -0.15× | ||
| Q4 24 | 2.01× | 0.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.01× | 2.89× | ||
| Q1 24 | 0.46× | 0.13× |
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
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
