vs
Global Payments（GPN）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是Global Payments的2.0倍（$2.6B vs $1.3B），Global Payments净利率更高（16.4% vs 14.7%，领先1.6%），维谛技术同比增速更快（30.1% vs -47.1%），维谛技术自由现金流更多（$652.8M vs $347.0M），过去两年维谛技术的营收复合增速更高（16.5% vs -25.9%）
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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
GPN vs VRT — 直观对比
营收规模更大
VRT
是对方的2.0倍
$1.3B
营收增速更快
VRT
高出77.3%
-47.1%
净利率更高
GPN
高出1.6%
14.7%
自由现金流更多
VRT
多$305.8M
$347.0M
两年增速更快
VRT
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.6B |
| 净利润 | $217.5M | $390.1M |
| 毛利率 | 89.7% | 37.7% |
| 营业利润率 | 5.9% | — |
| 净利率 | 16.4% | 14.7% |
| 营收同比 | -47.1% | 30.1% |
| 净利润同比 | -61.6% | 137.1% |
| 每股收益（稀释后） | $0.91 | $0.99 |
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GPNVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $1.3B | $2.9B | ||
| Q3 25 | $2.0B | $2.7B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.6B | $2.0B |
净利润GPNVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $217.5M | $445.6M | ||
| Q3 25 | $635.2M | $398.5M | ||
| Q2 25 | $241.6M | $324.2M | ||
| Q1 25 | $305.7M | $164.5M | ||
| Q4 24 | $567.2M | $147.0M | ||
| Q3 24 | $315.1M | $176.6M | ||
| Q2 24 | $374.8M | $178.1M |
毛利率GPNVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 89.7% | 38.9% | ||
| Q3 25 | 72.3% | 37.8% | ||
| Q2 25 | 74.5% | 34.0% | ||
| Q1 25 | 61.8% | 33.7% | ||
| Q4 24 | 62.1% | 37.1% | ||
| Q3 24 | 63.6% | 36.5% | ||
| Q2 24 | 63.5% | 38.0% |
营业利润率GPNVRT
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 20.1% | ||
| Q3 25 | 38.8% | 19.3% | ||
| Q2 25 | 21.8% | 16.8% | ||
| Q1 25 | 19.5% | 14.3% | ||
| Q4 24 | 33.1% | 19.5% | ||
| Q3 24 | 18.3% | 17.9% | ||
| Q2 24 | 22.3% | 17.2% |
净利率GPNVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 16.4% | 15.5% | ||
| Q3 25 | 31.6% | 14.9% | ||
| Q2 25 | 12.3% | 12.3% | ||
| Q1 25 | 12.7% | 8.1% | ||
| Q4 24 | 22.5% | 6.3% | ||
| Q3 24 | 12.1% | 8.5% | ||
| Q2 24 | 14.6% | 9.1% |
每股收益（稀释后）GPNVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $0.91 | $1.14 | ||
| Q3 25 | $2.64 | $1.02 | ||
| Q2 25 | $0.99 | $0.83 | ||
| Q1 25 | $1.24 | $0.42 | ||
| Q4 24 | $2.23 | $0.38 | ||
| Q3 24 | $1.24 | $0.46 | ||
| Q2 24 | $1.47 | $0.46 |
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 | $8.3B | $2.5B |
| 总债务越低越好 | $19.5B | $0 |
| 股东权益账面价值 | $22.9B | $4.2B |
| 总资产 | $53.3B | $13.4B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资GPNVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $8.3B | $1.7B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.6B | $1.6B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.9B | $908.7M | ||
| Q2 24 | $2.1B | $579.7M |
总债务GPNVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $19.5B | $2.9B | ||
| Q3 25 | $13.3B | $2.9B | ||
| Q2 25 | $14.2B | $2.9B | ||
| Q1 25 | $15.0B | $2.9B | ||
| Q4 24 | $15.2B | $2.9B | ||
| Q3 24 | $15.2B | $2.9B | ||
| Q2 24 | $15.6B | $2.9B |
股东权益GPNVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $22.9B | $3.9B | ||
| Q3 25 | $22.7B | $3.5B | ||
| Q2 25 | $22.6B | $3.1B | ||
| Q1 25 | $22.2B | $2.7B | ||
| Q4 24 | $22.3B | $2.4B | ||
| Q3 24 | $22.8B | $1.8B | ||
| Q2 24 | $22.4B | $1.5B |
总资产GPNVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $53.3B | $12.2B | ||
| Q3 25 | $48.0B | $10.8B | ||
| Q2 25 | $48.5B | $10.4B | ||
| Q1 25 | $47.6B | $9.5B | ||
| Q4 24 | $46.9B | $9.1B | ||
| Q3 24 | $50.0B | $8.9B | ||
| Q2 24 | $50.8B | $8.1B |
负债/权益比GPNVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.85× | 0.74× | ||
| Q3 25 | 0.59× | 0.83× | ||
| Q2 25 | 0.63× | 0.93× | ||
| Q1 25 | 0.67× | 1.10× | ||
| Q4 24 | 0.68× | 1.20× | ||
| Q3 24 | 0.67× | 1.62× | ||
| Q2 24 | 0.70× | 1.91× |
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 | $515.2M | — |
| 自由现金流经营现金流 - 资本支出 | $347.0M | $652.8M |
| 自由现金流率自由现金流/营收 | 26.1% | 24.6% |
| 资本支出强度资本支出/营收 | 12.7% | 4.2% |
| 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 | $2.0B | $2.3B |
8季度趋势，按日历期对齐
经营现金流GPNVRT
| Q1 26 | — | — | ||
| Q4 25 | $515.2M | $978.9M | ||
| Q3 25 | $768.7M | $508.7M | ||
| Q2 25 | $817.5M | $322.9M | ||
| Q1 25 | $555.1M | $303.3M | ||
| Q4 24 | $653.4M | $425.2M | ||
| Q3 24 | $1.7B | $378.2M | ||
| Q2 24 | $736.9M | $378.4M |
自由现金流GPNVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $347.0M | $885.6M | ||
| Q3 25 | $598.9M | $463.5M | ||
| Q2 25 | $665.4M | $277.9M | ||
| Q1 25 | $427.5M | $266.8M | ||
| Q4 24 | $469.4M | $364.5M | ||
| Q3 24 | $1.6B | $341.8M | ||
| Q2 24 | $557.7M | $344.3M |
自由现金流率GPNVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 26.1% | 30.8% | ||
| Q3 25 | 29.8% | 17.3% | ||
| Q2 25 | 34.0% | 10.5% | ||
| Q1 25 | 17.7% | 13.1% | ||
| Q4 24 | 18.7% | 15.5% | ||
| Q3 24 | 60.0% | 16.5% | ||
| Q2 24 | 21.7% | 17.6% |
资本支出强度GPNVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 12.7% | 3.2% | ||
| Q3 25 | 8.5% | 1.7% | ||
| Q2 25 | 7.8% | 1.7% | ||
| Q1 25 | 5.3% | 1.8% | ||
| Q4 24 | 7.3% | 2.6% | ||
| Q3 24 | 6.4% | 1.8% | ||
| Q2 24 | 7.0% | 1.7% |
现金转化率GPNVRT
| Q1 26 | — | — | ||
| Q4 25 | 2.37× | 2.20× | ||
| Q3 25 | 1.21× | 1.28× | ||
| Q2 25 | 3.38× | 1.00× | ||
| Q1 25 | 1.82× | 1.84× | ||
| Q4 24 | 1.15× | 2.89× | ||
| Q3 24 | 5.48× | 2.14× | ||
| Q2 24 | 1.97× | 2.12× |
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
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
VRT
暂无分部数据
