vs
Generac（GNRC）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
捷迈邦美的季度营收约是Generac的1.9倍（$2.1B vs $1.1B），捷迈邦美净利率更高（11.4% vs -2.2%，领先13.7%），捷迈邦美同比增速更快（9.3% vs -11.6%），捷迈邦美自由现金流更多（$245.9M vs $129.9M），过去两年Generac的营收复合增速更高（10.8% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
GNRC vs ZBH — 直观对比
营收规模更大
ZBH
是对方的1.9倍
$1.1B
营收增速更快
ZBH
高出20.9%
-11.6%
净利率更高
ZBH
高出13.7%
-2.2%
自由现金流更多
ZBH
多$116.0M
$129.9M
两年增速更快
GNRC
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.1B |
| 净利润 | $-24.5M | $238.3M |
| 毛利率 | 36.3% | 64.6% |
| 营业利润率 | -0.9% | 17.9% |
| 净利率 | -2.2% | 11.4% |
| 营收同比 | -11.6% | 9.3% |
| 净利润同比 | -120.9% | 30.5% |
| 每股收益（稀释后） | $-0.41 | $1.22 |
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GNRCZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $942.1M | $1.9B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $998.2M | $1.9B |
净利润GNRCZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $-24.5M | $139.4M | ||
| Q3 25 | $66.2M | $230.9M | ||
| Q2 25 | $74.0M | $152.8M | ||
| Q1 25 | $43.8M | $182.0M | ||
| Q4 24 | $117.2M | $239.5M | ||
| Q3 24 | $113.7M | $249.1M | ||
| Q2 24 | $59.1M | $242.8M |
毛利率GNRCZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 36.3% | 64.7% | ||
| Q3 25 | 38.3% | 72.1% | ||
| Q2 25 | 39.3% | 71.5% | ||
| Q1 25 | 39.5% | 71.2% | ||
| Q4 24 | 40.6% | 71.0% | ||
| Q3 24 | 40.2% | 70.5% | ||
| Q2 24 | 37.6% | 71.5% |
营业利润率GNRCZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | -0.9% | 6.9% | ||
| Q3 25 | 9.3% | 17.6% | ||
| Q2 25 | 10.5% | 14.4% | ||
| Q1 25 | 8.9% | 15.3% | ||
| Q4 24 | 16.0% | 19.2% | ||
| Q3 24 | 14.4% | 15.3% | ||
| Q2 24 | 10.3% | 18.1% |
净利率GNRCZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | -2.2% | 6.2% | ||
| Q3 25 | 5.9% | 11.5% | ||
| Q2 25 | 7.0% | 7.4% | ||
| Q1 25 | 4.7% | 9.5% | ||
| Q4 24 | 9.5% | 11.8% | ||
| Q3 24 | 9.7% | 13.7% | ||
| Q2 24 | 5.9% | 12.5% |
每股收益（稀释后）GNRCZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $-0.41 | $0.71 | ||
| Q3 25 | $1.12 | $1.16 | ||
| Q2 25 | $1.25 | $0.77 | ||
| Q1 25 | $0.73 | $0.91 | ||
| Q4 24 | $2.14 | $1.18 | ||
| Q3 24 | $1.89 | $1.23 | ||
| Q2 24 | $0.97 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $1.3B | $7.5B |
| 股东权益账面价值 | $2.6B | $12.7B |
| 总资产 | $5.6B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资GNRCZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $341.4M | $591.9M | ||
| Q3 25 | $300.0M | $1.3B | ||
| Q2 25 | $223.5M | $556.9M | ||
| Q1 25 | $187.5M | $1.4B | ||
| Q4 24 | $281.3M | $525.5M | ||
| Q3 24 | $214.2M | $569.0M | ||
| Q2 24 | $218.3M | $420.1M |
总债务GNRCZBH
| Q1 26 | — | $7.5B | ||
| 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 | — |
股东权益GNRCZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $2.6B | $12.7B | ||
| Q3 25 | $2.6B | $12.8B | ||
| Q2 25 | $2.6B | $12.5B | ||
| Q1 25 | $2.5B | $12.4B | ||
| Q4 24 | $2.5B | $12.5B | ||
| Q3 24 | $2.4B | $12.4B | ||
| Q2 24 | $2.4B | $12.7B |
总资产GNRCZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $5.6B | $23.1B | ||
| Q3 25 | $5.6B | $23.5B | ||
| Q2 25 | $5.4B | $22.9B | ||
| Q1 25 | $5.1B | $22.2B | ||
| Q4 24 | $5.1B | $21.4B | ||
| Q3 24 | $5.2B | $21.7B | ||
| Q2 24 | $5.1B | $21.5B |
负债/权益比GNRCZBH
| Q1 26 | — | 0.59× | ||
| 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× | — |
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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $129.9M | $245.9M |
| 自由现金流率自由现金流/营收 | 11.9% | 11.8% |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | — | 1.51× |
| 过去12个月自由现金流最近4个季度 | $268.1M | $1.4B |
8季度趋势，按日历期对齐
经营现金流GNRCZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $189.3M | $517.4M | ||
| Q3 25 | $118.4M | $418.7M | ||
| Q2 25 | $72.2M | $378.2M | ||
| Q1 25 | $58.2M | $382.8M | ||
| Q4 24 | $339.5M | $506.3M | ||
| Q3 24 | $212.3M | $395.7M | ||
| Q2 24 | $77.7M | $369.4M |
自由现金流GNRCZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $129.9M | $442.6M | ||
| Q3 25 | $96.5M | $363.7M | ||
| Q2 25 | $14.5M | $328.1M | ||
| Q1 25 | $27.2M | $338.2M | ||
| Q4 24 | $286.1M | $454.8M | ||
| Q3 24 | $183.7M | $351.2M | ||
| Q2 24 | $49.7M | $316.7M |
自由现金流率GNRCZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 11.9% | 19.7% | ||
| Q3 25 | 8.7% | 18.2% | ||
| Q2 25 | 1.4% | 15.8% | ||
| Q1 25 | 2.9% | 17.7% | ||
| Q4 24 | 23.2% | 22.5% | ||
| Q3 24 | 15.6% | 19.3% | ||
| Q2 24 | 5.0% | 16.3% |
资本支出强度GNRCZBH
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 3.3% | ||
| Q3 25 | 2.0% | 2.7% | ||
| Q2 25 | 5.4% | 2.4% | ||
| Q1 25 | 3.3% | 2.3% | ||
| Q4 24 | 4.3% | 2.5% | ||
| Q3 24 | 2.4% | 2.4% | ||
| Q2 24 | 2.8% | 2.7% |
现金转化率GNRCZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | 1.79× | 1.81× | ||
| Q2 25 | 0.98× | 2.48× | ||
| Q1 25 | 1.33× | 2.10× | ||
| Q4 24 | 2.90× | 2.11× | ||
| Q3 24 | 1.87× | 1.59× | ||
| Q2 24 | 1.31× | 1.52× |
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% |
ZBH
暂无分部数据
