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Generac（GNRC）与Global Payments（GPN）财务数据对比。点击上方公司名可切换其他公司
Global Payments的季度营收约是Generac的1.2倍（$1.3B vs $1.1B），Global Payments净利率更高（16.4% vs -2.2%，领先18.6%），Generac同比增速更快（-11.6% vs -47.1%），Global Payments自由现金流更多（$347.0M vs $129.9M），过去两年Generac的营收复合增速更高（10.8% vs -25.9%）
Generac Holdings Inc.（简称Generac）是美国财富1000强企业，主营面向住宅、小型商业及工业领域的备用发电产品，功率覆盖800瓦至9兆瓦，通过独立经销商、零售商及批发商渠道发售，总部位于威斯康星州沃基肖，在该州多地设有生产基地。
Global Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
GNRC vs GPN — 直观对比
营收规模更大
GPN
是对方的1.2倍
$1.1B
营收增速更快
GNRC
高出35.5%
-47.1%
净利率更高
GPN
高出18.6%
-2.2%
自由现金流更多
GPN
多$217.1M
$129.9M
两年增速更快
GNRC
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $-24.5M | $217.5M |
| 毛利率 | 36.3% | 89.7% |
| 营业利润率 | -0.9% | 5.9% |
| 净利率 | -2.2% | 16.4% |
| 营收同比 | -11.6% | -47.1% |
| 净利润同比 | -120.9% | -61.6% |
| 每股收益（稀释后） | $-0.41 | $0.91 |
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GNRCGPN
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $942.1M | $2.4B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $1.2B | $2.6B | ||
| Q2 24 | $998.2M | $2.6B | ||
| Q1 24 | $889.3M | $2.4B |
净利润GNRCGPN
| Q4 25 | $-24.5M | $217.5M | ||
| Q3 25 | $66.2M | $635.2M | ||
| Q2 25 | $74.0M | $241.6M | ||
| Q1 25 | $43.8M | $305.7M | ||
| Q4 24 | $117.2M | $567.2M | ||
| Q3 24 | $113.7M | $315.1M | ||
| Q2 24 | $59.1M | $374.8M | ||
| Q1 24 | $26.2M | $313.3M |
毛利率GNRCGPN
| Q4 25 | 36.3% | 89.7% | ||
| Q3 25 | 38.3% | 72.3% | ||
| Q2 25 | 39.3% | 74.5% | ||
| Q1 25 | 39.5% | 61.8% | ||
| Q4 24 | 40.6% | 62.1% | ||
| Q3 24 | 40.2% | 63.6% | ||
| Q2 24 | 37.6% | 63.5% | ||
| Q1 24 | 35.6% | 61.9% |
营业利润率GNRCGPN
| Q4 25 | -0.9% | 5.9% | ||
| Q3 25 | 9.3% | 38.8% | ||
| Q2 25 | 10.5% | 21.8% | ||
| Q1 25 | 8.9% | 19.5% | ||
| Q4 24 | 16.0% | 33.1% | ||
| Q3 24 | 14.4% | 18.3% | ||
| Q2 24 | 10.3% | 22.3% | ||
| Q1 24 | 7.5% | 18.7% |
净利率GNRCGPN
| Q4 25 | -2.2% | 16.4% | ||
| Q3 25 | 5.9% | 31.6% | ||
| Q2 25 | 7.0% | 12.3% | ||
| Q1 25 | 4.7% | 12.7% | ||
| Q4 24 | 9.5% | 22.5% | ||
| Q3 24 | 9.7% | 12.1% | ||
| Q2 24 | 5.9% | 14.6% | ||
| Q1 24 | 2.9% | 12.9% |
每股收益（稀释后）GNRCGPN
| Q4 25 | $-0.41 | $0.91 | ||
| Q3 25 | $1.12 | $2.64 | ||
| Q2 25 | $1.25 | $0.99 | ||
| Q1 25 | $0.73 | $1.24 | ||
| Q4 24 | $2.14 | $2.23 | ||
| Q3 24 | $1.89 | $1.24 | ||
| Q2 24 | $0.97 | $1.47 | ||
| Q1 24 | $0.39 | $1.22 |
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 | $341.4M | $8.3B |
| 总债务越低越好 | $1.3B | $19.5B |
| 股东权益账面价值 | $2.6B | $22.9B |
| 总资产 | $5.6B | $53.3B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.85× |
8季度趋势，按日历期对齐
现金及短期投资GNRCGPN
| Q4 25 | $341.4M | $8.3B | ||
| Q3 25 | $300.0M | $2.6B | ||
| Q2 25 | $223.5M | $2.6B | ||
| Q1 25 | $187.5M | $2.9B | ||
| Q4 24 | $281.3M | $2.5B | ||
| Q3 24 | $214.2M | $2.9B | ||
| Q2 24 | $218.3M | $2.1B | ||
| Q1 24 | $249.4M | $2.2B |
总债务GNRCGPN
| Q4 25 | $1.3B | $19.5B | ||
| Q3 25 | $1.4B | $13.3B | ||
| Q2 25 | $1.3B | $14.2B | ||
| Q1 25 | $1.2B | $15.0B | ||
| Q4 24 | $1.2B | $15.2B | ||
| Q3 24 | $1.4B | $15.2B | ||
| Q2 24 | $1.4B | $15.6B | ||
| Q1 24 | $1.4B | $15.6B |
股东权益GNRCGPN
| Q4 25 | $2.6B | $22.9B | ||
| Q3 25 | $2.6B | $22.7B | ||
| Q2 25 | $2.6B | $22.6B | ||
| Q1 25 | $2.5B | $22.2B | ||
| Q4 24 | $2.5B | $22.3B | ||
| Q3 24 | $2.4B | $22.8B | ||
| Q2 24 | $2.4B | $22.4B | ||
| Q1 24 | $2.4B | $22.2B |
总资产GNRCGPN
| Q4 25 | $5.6B | $53.3B | ||
| Q3 25 | $5.6B | $48.0B | ||
| Q2 25 | $5.4B | $48.5B | ||
| Q1 25 | $5.1B | $47.6B | ||
| Q4 24 | $5.1B | $46.9B | ||
| Q3 24 | $5.2B | $50.0B | ||
| Q2 24 | $5.1B | $50.8B | ||
| Q1 24 | $5.1B | $51.8B |
负债/权益比GNRCGPN
| Q4 25 | 0.48× | 0.85× | ||
| Q3 25 | 0.51× | 0.59× | ||
| Q2 25 | 0.50× | 0.63× | ||
| Q1 25 | 0.48× | 0.67× | ||
| Q4 24 | 0.49× | 0.68× | ||
| Q3 24 | 0.56× | 0.67× | ||
| Q2 24 | 0.61× | 0.70× | ||
| Q1 24 | 0.61× | 0.70× |
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 | $189.3M | $515.2M |
| 自由现金流经营现金流 - 资本支出 | $129.9M | $347.0M |
| 自由现金流率自由现金流/营收 | 11.9% | 26.1% |
| 资本支出强度资本支出/营收 | 5.4% | 12.7% |
| 现金转化率经营现金流/净利润 | — | 2.37× |
| 过去12个月自由现金流最近4个季度 | $268.1M | $2.0B |
8季度趋势，按日历期对齐
经营现金流GNRCGPN
| Q4 25 | $189.3M | $515.2M | ||
| Q3 25 | $118.4M | $768.7M | ||
| Q2 25 | $72.2M | $817.5M | ||
| Q1 25 | $58.2M | $555.1M | ||
| Q4 24 | $339.5M | $653.4M | ||
| Q3 24 | $212.3M | $1.7B | ||
| Q2 24 | $77.7M | $736.9M | ||
| Q1 24 | $111.9M | $416.3M |
自由现金流GNRCGPN
| Q4 25 | $129.9M | $347.0M | ||
| Q3 25 | $96.5M | $598.9M | ||
| Q2 25 | $14.5M | $665.4M | ||
| Q1 25 | $27.2M | $427.5M | ||
| Q4 24 | $286.1M | $469.4M | ||
| Q3 24 | $183.7M | $1.6B | ||
| Q2 24 | $49.7M | $557.7M | ||
| Q1 24 | $85.1M | $270.9M |
自由现金流率GNRCGPN
| Q4 25 | 11.9% | 26.1% | ||
| Q3 25 | 8.7% | 29.8% | ||
| Q2 25 | 1.4% | 34.0% | ||
| Q1 25 | 2.9% | 17.7% | ||
| Q4 24 | 23.2% | 18.7% | ||
| Q3 24 | 15.6% | 60.0% | ||
| Q2 24 | 5.0% | 21.7% | ||
| Q1 24 | 9.6% | 11.2% |
资本支出强度GNRCGPN
| Q4 25 | 5.4% | 12.7% | ||
| Q3 25 | 2.0% | 8.5% | ||
| Q2 25 | 5.4% | 7.8% | ||
| Q1 25 | 3.3% | 5.3% | ||
| Q4 24 | 4.3% | 7.3% | ||
| Q3 24 | 2.4% | 6.4% | ||
| Q2 24 | 2.8% | 7.0% | ||
| Q1 24 | 3.0% | 6.0% |
现金转化率GNRCGPN
| Q4 25 | — | 2.37× | ||
| Q3 25 | 1.79× | 1.21× | ||
| Q2 25 | 0.98× | 3.38× | ||
| Q1 25 | 1.33× | 1.82× | ||
| Q4 24 | 2.90× | 1.15× | ||
| Q3 24 | 1.87× | 5.48× | ||
| Q2 24 | 1.31× | 1.97× | ||
| Q1 24 | 4.27× | 1.33× |
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
GNRC
| Residential Power Products | $550.1M | 50% |
| Commercial And Industrial Power Products | $228.4M | 21% |
| Other | $202.3M | 19% |
| Other Products And Services | $106.0M | 10% |
| Intersegment Sales | $4.8M | 0% |
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
