vs
佳明（GRMN）与NEXTNAV INC.（NN）财务数据对比。点击上方公司名可切换其他公司
佳明的季度营收约是NEXTNAV INC.的2248.6倍（$2.1B vs $945.0K）。佳明净利率更高（24.9% vs -7191.7%，领先7216.6%）。佳明同比增速更快（16.6% vs -50.5%）。佳明自由现金流更多（$429.6M vs $-16.1M）。过去两年佳明的营收复合增速更高（24.0% vs -5.0%）
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
NextNav Inc.是一家专注于高精度3D地理定位解决方案的科技企业，其提供的垂直位置数据可应用于公共安全运营、物联网场景、移动网络管理及商业定位服务，服务覆盖北美及部分全球市场的企业与政府客户。
GRMN vs NN — 直观对比
营收规模更大
GRMN
是对方的2248.6倍
$945.0K
营收增速更快
GRMN
高出67.1%
-50.5%
净利率更高
GRMN
高出7216.6%
-7191.7%
自由现金流更多
GRMN
多$445.7M
$-16.1M
两年增速更快
GRMN
近两年复合增速
-5.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $945.0K |
| 净利润 | $528.7M | $-68.0M |
| 毛利率 | 59.2% | — |
| 营业利润率 | 28.9% | -1706.1% |
| 净利率 | 24.9% | -7191.7% |
| 营收同比 | 16.6% | -50.5% |
| 净利润同比 | 21.3% | -110.6% |
| 每股收益（稀释后） | $2.72 | $-0.37 |
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GRMNNN
| Q4 25 | $2.1B | $945.0K | ||
| Q3 25 | $1.8B | $887.0K | ||
| Q2 25 | $1.8B | $1.2M | ||
| Q1 25 | $1.5B | $1.5M | ||
| Q4 24 | $1.8B | $1.9M | ||
| Q3 24 | $1.6B | $1.6M | ||
| Q2 24 | $1.5B | $1.1M | ||
| Q1 24 | $1.4B | $1.0M |
净利润GRMNNN
| Q4 25 | $528.7M | $-68.0M | ||
| Q3 25 | $401.6M | $483.0K | ||
| Q2 25 | $400.8M | $-63.2M | ||
| Q1 25 | $332.8M | $-58.6M | ||
| Q4 24 | $435.7M | $-32.3M | ||
| Q3 24 | $399.1M | $-13.6M | ||
| Q2 24 | $300.6M | $-24.4M | ||
| Q1 24 | $276.0M | $-31.6M |
毛利率GRMNNN
| Q4 25 | 59.2% | — | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 58.8% | — | ||
| Q1 25 | 57.6% | — | ||
| Q4 24 | 59.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 57.3% | — | ||
| Q1 24 | 58.1% | — |
营业利润率GRMNNN
| Q4 25 | 28.9% | -1706.1% | ||
| Q3 25 | 25.8% | -2239.6% | ||
| Q2 25 | 26.0% | -1434.3% | ||
| Q1 25 | 21.7% | -1104.9% | ||
| Q4 24 | 28.3% | -772.6% | ||
| Q3 24 | 27.6% | -862.0% | ||
| Q2 24 | 22.7% | -1387.5% | ||
| Q1 24 | 21.6% | -1544.0% |
净利率GRMNNN
| Q4 25 | 24.9% | -7191.7% | ||
| Q3 25 | 22.7% | 54.5% | ||
| Q2 25 | 22.1% | -5257.5% | ||
| Q1 25 | 21.7% | -3806.3% | ||
| Q4 24 | 23.9% | -1688.6% | ||
| Q3 24 | 25.2% | -846.9% | ||
| Q2 24 | 20.0% | -2207.2% | ||
| Q1 24 | 20.0% | -3022.0% |
每股收益（稀释后）GRMNNN
| Q4 25 | $2.72 | $-0.37 | ||
| Q3 25 | $2.08 | $-0.12 | ||
| Q2 25 | $2.07 | $-0.48 | ||
| Q1 25 | $1.72 | $-0.45 | ||
| Q4 24 | $2.24 | $-0.24 | ||
| Q3 24 | $2.07 | $-0.11 | ||
| Q2 24 | $1.56 | $-0.21 | ||
| Q1 24 | $1.43 | $-0.28 |
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 | $2.3B | $259.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.0B | $-86.2M |
| 总资产 | $11.0B | $247.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GRMNNN
| Q4 25 | $2.3B | $259.5M | ||
| Q3 25 | $2.1B | $167.6M | ||
| Q2 25 | $2.1B | $176.1M | ||
| Q1 25 | $2.2B | $188.4M | ||
| Q4 24 | $2.1B | $80.1M | ||
| Q3 24 | $2.0B | $86.8M | ||
| Q2 24 | $1.9B | $86.3M | ||
| Q1 24 | $1.9B | $79.2M |
股东权益GRMNNN
| Q4 25 | $9.0B | $-86.2M | ||
| Q3 25 | $8.5B | $-22.1M | ||
| Q2 25 | $8.1B | $-47.2M | ||
| Q1 25 | $8.2B | $6.6M | ||
| Q4 24 | $7.8B | $50.1M | ||
| Q3 24 | $7.5B | $65.6M | ||
| Q2 24 | $7.0B | $63.8M | ||
| Q1 24 | $7.2B | $55.9M |
总资产GRMNNN
| Q4 25 | $11.0B | $247.0M | ||
| Q3 25 | $10.5B | $263.1M | ||
| Q2 25 | $10.3B | $256.7M | ||
| Q1 25 | $9.8B | $268.6M | ||
| Q4 24 | $9.6B | $161.7M | ||
| Q3 24 | $9.3B | $171.7M | ||
| Q2 24 | $8.9B | $172.3M | ||
| Q1 24 | $8.6B | $165.6M |
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 | $553.8M | $-16.1M |
| 自由现金流经营现金流 - 资本支出 | $429.6M | $-16.1M |
| 自由现金流率自由现金流/营收 | 20.2% | -1702.9% |
| 资本支出强度资本支出/营收 | 5.8% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.05× | — |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-50.8M |
8季度趋势，按日历期对齐
经营现金流GRMNNN
| Q4 25 | $553.8M | $-16.1M | ||
| Q3 25 | $485.6M | $-9.0M | ||
| Q2 25 | $173.2M | $-13.5M | ||
| Q1 25 | $420.8M | $-12.2M | ||
| Q4 24 | $483.9M | $-11.9M | ||
| Q3 24 | $258.0M | $-6.8M | ||
| Q2 24 | $255.3M | $-12.3M | ||
| Q1 24 | $435.3M | $-7.0M |
自由现金流GRMNNN
| Q4 25 | $429.6M | $-16.1M | ||
| Q3 25 | $425.1M | $-9.0M | ||
| Q2 25 | $127.5M | $-13.6M | ||
| Q1 25 | $380.7M | $-12.2M | ||
| Q4 24 | $399.2M | $-12.1M | ||
| Q3 24 | $219.4M | $-6.8M | ||
| Q2 24 | $218.2M | $-12.4M | ||
| Q1 24 | $402.1M | $-7.0M |
自由现金流率GRMNNN
| Q4 25 | 20.2% | -1702.9% | ||
| Q3 25 | 24.0% | -1011.6% | ||
| Q2 25 | 7.0% | -1127.4% | ||
| Q1 25 | 24.8% | -793.3% | ||
| Q4 24 | 21.9% | -634.0% | ||
| Q3 24 | 13.8% | -422.0% | ||
| Q2 24 | 14.5% | -1126.1% | ||
| Q1 24 | 29.1% | -670.8% |
资本支出强度GRMNNN
| Q4 25 | 5.8% | 1.6% | ||
| Q3 25 | 3.4% | 0.9% | ||
| Q2 25 | 2.5% | 2.2% | ||
| Q1 25 | 2.6% | 1.9% | ||
| Q4 24 | 4.6% | 8.8% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 2.5% | 13.5% | ||
| Q1 24 | 2.4% | 3.1% |
现金转化率GRMNNN
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.21× | -18.56× | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 1.58× | — |
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
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
NN
暂无分部数据
