vs
Generac（GNRC）与滨特尔（PNR）财务数据对比。点击上方公司名可切换其他公司
Generac的季度营收约是滨特尔的1.1倍（$1.1B vs $1.0B），滨特尔净利率更高（16.6% vs -2.2%，领先18.9%），滨特尔同比增速更快（2.6% vs -11.6%），Generac自由现金流更多（$129.9M vs $-85.7M），过去两年Generac的营收复合增速更高（10.8% vs -2.9%）
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。
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
GNRC vs PNR — 直观对比
营收规模更大
GNRC
是对方的1.1倍
$1.0B
营收增速更快
PNR
高出14.2%
-11.6%
净利率更高
PNR
高出18.9%
-2.2%
自由现金流更多
GNRC
多$215.6M
$-85.7M
两年增速更快
GNRC
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.0B |
| 净利润 | $-24.5M | $172.4M |
| 毛利率 | 36.3% | 41.8% |
| 营业利润率 | -0.9% | 20.3% |
| 净利率 | -2.2% | 16.6% |
| 营收同比 | -11.6% | 2.6% |
| 净利润同比 | -120.9% | 11.3% |
| 每股收益（稀释后） | $-0.41 | — |
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GNRCPNR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $942.1M | $1.0B | ||
| Q4 24 | $1.2B | $972.9M | ||
| Q3 24 | $1.2B | $993.4M | ||
| Q2 24 | $998.2M | $1.1B |
净利润GNRCPNR
| Q1 26 | — | $172.4M | ||
| Q4 25 | $-24.5M | $166.1M | ||
| Q3 25 | $66.2M | $184.3M | ||
| Q2 25 | $74.0M | $148.5M | ||
| Q1 25 | $43.8M | $154.9M | ||
| Q4 24 | $117.2M | $166.4M | ||
| Q3 24 | $113.7M | $139.6M | ||
| Q2 24 | $59.1M | $186.1M |
毛利率GNRCPNR
| Q1 26 | — | 41.8% | ||
| Q4 25 | 36.3% | 40.4% | ||
| Q3 25 | 38.3% | 41.0% | ||
| Q2 25 | 39.3% | 40.7% | ||
| Q1 25 | 39.5% | 39.9% | ||
| Q4 24 | 40.6% | 38.8% | ||
| Q3 24 | 40.2% | 39.6% | ||
| Q2 24 | 37.6% | 39.8% |
营业利润率GNRCPNR
| Q1 26 | — | 20.3% | ||
| Q4 25 | -0.9% | 20.1% | ||
| Q3 25 | 9.3% | 22.7% | ||
| Q2 25 | 10.5% | 19.4% | ||
| Q1 25 | 8.9% | 20.1% | ||
| Q4 24 | 16.0% | 20.1% | ||
| Q3 24 | 14.4% | 18.1% | ||
| Q2 24 | 10.3% | 22.6% |
净利率GNRCPNR
| Q1 26 | — | 16.6% | ||
| Q4 25 | -2.2% | 16.3% | ||
| Q3 25 | 5.9% | 18.0% | ||
| Q2 25 | 7.0% | 13.2% | ||
| Q1 25 | 4.7% | 15.3% | ||
| Q4 24 | 9.5% | 17.1% | ||
| Q3 24 | 9.7% | 14.1% | ||
| Q2 24 | 5.9% | 16.9% |
每股收益（稀释后）GNRCPNR
| Q1 26 | — | — | ||
| Q4 25 | $-0.41 | $1.01 | ||
| Q3 25 | $1.12 | $1.12 | ||
| Q2 25 | $1.25 | $0.90 | ||
| Q1 25 | $0.73 | $0.93 | ||
| Q4 24 | $2.14 | $0.99 | ||
| Q3 24 | $1.89 | $0.84 | ||
| Q2 24 | $0.97 | $1.11 |
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 | $67.7M |
| 总债务越低越好 | $1.3B | $1.9B |
| 股东权益账面价值 | $2.6B | $3.8B |
| 总资产 | $5.6B | $7.1B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资GNRCPNR
| Q1 26 | — | $67.7M | ||
| Q4 25 | $341.4M | — | ||
| Q3 25 | $300.0M | $128.4M | ||
| Q2 25 | $223.5M | $143.0M | ||
| Q1 25 | $187.5M | $140.6M | ||
| Q4 24 | $281.3M | $118.7M | ||
| Q3 24 | $214.2M | $218.1M | ||
| Q2 24 | $218.3M | $214.3M |
总债务GNRCPNR
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $1.8B |
股东权益GNRCPNR
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.6B | $3.8B | ||
| Q2 25 | $2.6B | $3.7B | ||
| Q1 25 | $2.5B | $3.6B | ||
| Q4 24 | $2.5B | $3.6B | ||
| Q3 24 | $2.4B | $3.5B | ||
| Q2 24 | $2.4B | $3.4B |
总资产GNRCPNR
| Q1 26 | — | $7.1B | ||
| Q4 25 | $5.6B | $6.9B | ||
| Q3 25 | $5.6B | $6.8B | ||
| Q2 25 | $5.4B | $6.5B | ||
| Q1 25 | $5.1B | $6.7B | ||
| Q4 24 | $5.1B | $6.4B | ||
| Q3 24 | $5.2B | $6.5B | ||
| Q2 24 | $5.1B | $6.5B |
负债/权益比GNRCPNR
| Q1 26 | — | 0.51× | ||
| Q4 25 | 0.48× | 0.42× | ||
| Q3 25 | 0.51× | 0.42× | ||
| Q2 25 | 0.50× | 0.38× | ||
| Q1 25 | 0.48× | 0.51× | ||
| Q4 24 | 0.49× | 0.46× | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.61× | 0.51× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $129.9M | $-85.7M |
| 自由现金流率自由现金流/营收 | 11.9% | -8.3% |
| 资本支出强度资本支出/营收 | 5.4% | 1.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $268.1M | $716.0M |
8季度趋势，按日历期对齐
经营现金流GNRCPNR
| Q1 26 | — | — | ||
| Q4 25 | $189.3M | $50.8M | ||
| Q3 25 | $118.4M | $196.3M | ||
| Q2 25 | $72.2M | $606.6M | ||
| Q1 25 | $58.2M | $-38.9M | ||
| Q4 24 | $339.5M | $86.5M | ||
| Q3 24 | $212.3M | $248.6M | ||
| Q2 24 | $77.7M | $539.2M |
自由现金流GNRCPNR
| Q1 26 | — | $-85.7M | ||
| Q4 25 | $129.9M | $27.1M | ||
| Q3 25 | $96.5M | $178.9M | ||
| Q2 25 | $14.5M | $595.7M | ||
| Q1 25 | $27.2M | $-55.7M | ||
| Q4 24 | $286.1M | $63.8M | ||
| Q3 24 | $183.7M | $233.2M | ||
| Q2 24 | $49.7M | $522.2M |
自由现金流率GNRCPNR
| Q1 26 | — | -8.3% | ||
| Q4 25 | 11.9% | 2.7% | ||
| Q3 25 | 8.7% | 17.5% | ||
| Q2 25 | 1.4% | 53.0% | ||
| Q1 25 | 2.9% | -5.5% | ||
| Q4 24 | 23.2% | 6.6% | ||
| Q3 24 | 15.6% | 23.5% | ||
| Q2 24 | 5.0% | 47.5% |
资本支出强度GNRCPNR
| Q1 26 | — | 1.8% | ||
| Q4 25 | 5.4% | 2.3% | ||
| Q3 25 | 2.0% | 1.7% | ||
| Q2 25 | 5.4% | 1.0% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 4.3% | 2.3% | ||
| Q3 24 | 2.4% | 1.6% | ||
| Q2 24 | 2.8% | 1.5% |
现金转化率GNRCPNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.31× | ||
| Q3 25 | 1.79× | 1.07× | ||
| Q2 25 | 0.98× | 4.08× | ||
| Q1 25 | 1.33× | -0.25× | ||
| Q4 24 | 2.90× | 0.52× | ||
| Q3 24 | 1.87× | 1.78× | ||
| Q2 24 | 1.31× | 2.90× |
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% |
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
