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Generac（GNRC）与Atlassian Corp（TEAM）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是Generac的1.5倍（$1.6B vs $1.1B），Generac净利率更高（-2.2% vs -2.7%，领先0.4%），Atlassian Corp同比增速更快（23.3% vs -11.6%），Atlassian Corp自由现金流更多（$168.5M vs $129.9M）
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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
GNRC vs TEAM — 直观对比
营收规模更大
TEAM
是对方的1.5倍
$1.1B
营收增速更快
TEAM
高出34.9%
-11.6%
净利率更高
GNRC
高出0.4%
-2.7%
自由现金流更多
TEAM
多$38.6M
$129.9M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.6B |
| 净利润 | $-24.5M | $-42.6M |
| 毛利率 | 36.3% | 85.0% |
| 营业利润率 | -0.9% | -3.0% |
| 净利率 | -2.2% | -2.7% |
| 营收同比 | -11.6% | 23.3% |
| 净利润同比 | -120.9% | -11.6% |
| 每股收益（稀释后） | $-0.41 | $-0.16 |
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GNRCTEAM
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $942.1M | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $998.2M | — | ||
| Q1 24 | $889.3M | $1.2B |
净利润GNRCTEAM
| Q4 25 | $-24.5M | $-42.6M | ||
| Q3 25 | $66.2M | $-51.9M | ||
| Q2 25 | $74.0M | $-23.9M | ||
| Q1 25 | $43.8M | $-70.8M | ||
| Q4 24 | $117.2M | $-38.2M | ||
| Q3 24 | $113.7M | $-123.8M | ||
| Q2 24 | $59.1M | — | ||
| Q1 24 | $26.2M | $12.8M |
毛利率GNRCTEAM
| Q4 25 | 36.3% | 85.0% | ||
| Q3 25 | 38.3% | 82.0% | ||
| Q2 25 | 39.3% | 83.1% | ||
| Q1 25 | 39.5% | 83.8% | ||
| Q4 24 | 40.6% | 82.7% | ||
| Q3 24 | 40.2% | 81.7% | ||
| Q2 24 | 37.6% | — | ||
| Q1 24 | 35.6% | 82.1% |
营业利润率GNRCTEAM
| Q4 25 | -0.9% | -3.0% | ||
| Q3 25 | 9.3% | -6.7% | ||
| Q2 25 | 10.5% | -2.1% | ||
| Q1 25 | 8.9% | -0.9% | ||
| Q4 24 | 16.0% | -4.5% | ||
| Q3 24 | 14.4% | -2.7% | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | 7.5% | 1.5% |
净利率GNRCTEAM
| Q4 25 | -2.2% | -2.7% | ||
| Q3 25 | 5.9% | -3.6% | ||
| Q2 25 | 7.0% | -1.7% | ||
| Q1 25 | 4.7% | -5.2% | ||
| Q4 24 | 9.5% | -3.0% | ||
| Q3 24 | 9.7% | -10.4% | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 2.9% | 1.1% |
每股收益（稀释后）GNRCTEAM
| Q4 25 | $-0.41 | $-0.16 | ||
| Q3 25 | $1.12 | $-0.20 | ||
| Q2 25 | $1.25 | $-0.08 | ||
| Q1 25 | $0.73 | $-0.27 | ||
| Q4 24 | $2.14 | $-0.15 | ||
| Q3 24 | $1.89 | $-0.48 | ||
| Q2 24 | $0.97 | — | ||
| Q1 24 | $0.39 | $0.05 |
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 | $1.6B |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $2.6B | $1.6B |
| 总资产 | $5.6B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资GNRCTEAM
| Q4 25 | $341.4M | $1.6B | ||
| Q3 25 | $300.0M | $2.8B | ||
| Q2 25 | $223.5M | $2.9B | ||
| Q1 25 | $187.5M | $3.0B | ||
| Q4 24 | $281.3M | $2.5B | ||
| Q3 24 | $214.2M | $2.2B | ||
| Q2 24 | $218.3M | — | ||
| Q1 24 | $249.4M | $2.1B |
总债务GNRCTEAM
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益GNRCTEAM
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | $1.1B |
总资产GNRCTEAM
| Q4 25 | $5.6B | $6.2B | ||
| Q3 25 | $5.6B | $5.7B | ||
| Q2 25 | $5.4B | $6.0B | ||
| Q1 25 | $5.1B | $5.9B | ||
| Q4 24 | $5.1B | $5.4B | ||
| Q3 24 | $5.2B | $5.0B | ||
| Q2 24 | $5.1B | — | ||
| Q1 24 | $5.1B | $5.1B |
负债/权益比GNRCTEAM
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.49× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.61× | — | ||
| Q1 24 | 0.61× | — |
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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $129.9M | $168.5M |
| 自由现金流率自由现金流/营收 | 11.9% | 10.6% |
| 资本支出强度资本支出/营收 | 5.4% | 0.6% |
| 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 | $1.3B |
8季度趋势，按日历期对齐
经营现金流GNRCTEAM
| Q4 25 | $189.3M | $177.8M | ||
| Q3 25 | $118.4M | $128.7M | ||
| Q2 25 | $72.2M | $375.3M | ||
| Q1 25 | $58.2M | $652.7M | ||
| Q4 24 | $339.5M | $351.9M | ||
| Q3 24 | $212.3M | $80.5M | ||
| Q2 24 | $77.7M | — | ||
| Q1 24 | $111.9M | $565.4M |
自由现金流GNRCTEAM
| Q4 25 | $129.9M | $168.5M | ||
| Q3 25 | $96.5M | $114.6M | ||
| Q2 25 | $14.5M | $360.3M | ||
| Q1 25 | $27.2M | $638.3M | ||
| Q4 24 | $286.1M | $342.6M | ||
| Q3 24 | $183.7M | $74.3M | ||
| Q2 24 | $49.7M | — | ||
| Q1 24 | $85.1M | $554.9M |
自由现金流率GNRCTEAM
| Q4 25 | 11.9% | 10.6% | ||
| Q3 25 | 8.7% | 8.0% | ||
| Q2 25 | 1.4% | 26.0% | ||
| Q1 25 | 2.9% | 47.0% | ||
| Q4 24 | 23.2% | 26.6% | ||
| Q3 24 | 15.6% | 6.3% | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 9.6% | 46.7% |
资本支出强度GNRCTEAM
| Q4 25 | 5.4% | 0.6% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 5.4% | 1.1% | ||
| Q1 25 | 3.3% | 1.1% | ||
| Q4 24 | 4.3% | 0.7% | ||
| Q3 24 | 2.4% | 0.5% | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 3.0% | 0.9% |
现金转化率GNRCTEAM
| Q4 25 | — | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 2.90× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 4.27× | 44.34× |
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% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
