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佳明（GRMN）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是佳明的2.0倍（$4.2B vs $2.1B），佳明净利率更高（24.9% vs 13.5%，领先11.4%），佳明同比增速更快（16.6% vs 3.5%），佳明自由现金流更多（$429.6M vs $-56.0M），过去两年佳明的营收复合增速更高（24.0% vs 7.1%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
GRMN vs RJF — 直观对比
营收规模更大
RJF
是对方的2.0倍
$2.1B
营收增速更快
GRMN
高出13.1%
3.5%
净利率更高
GRMN
高出11.4%
13.5%
自由现金流更多
GRMN
多$485.6M
$-56.0M
两年增速更快
GRMN
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $4.2B |
| 净利润 | $528.7M | $563.0M |
| 毛利率 | 59.2% | — |
| 营业利润率 | 28.9% | — |
| 净利率 | 24.9% | 13.5% |
| 营收同比 | 16.6% | 3.5% |
| 净利润同比 | 21.3% | -6.2% |
| 每股收益（稀释后） | $2.72 | $2.79 |
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GRMNRJF
| Q4 25 | $2.1B | $4.2B | ||
| Q3 25 | $1.8B | $4.2B | ||
| Q2 25 | $1.8B | $3.8B | ||
| Q1 25 | $1.5B | $3.8B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.5B | $3.8B | ||
| Q1 24 | $1.4B | $3.6B |
净利润GRMNRJF
| Q4 25 | $528.7M | $563.0M | ||
| Q3 25 | $401.6M | $604.0M | ||
| Q2 25 | $400.8M | $436.0M | ||
| Q1 25 | $332.8M | $495.0M | ||
| Q4 24 | $435.7M | $600.0M | ||
| Q3 24 | $399.1M | $602.0M | ||
| Q2 24 | $300.6M | $492.0M | ||
| Q1 24 | $276.0M | $476.0M |
毛利率GRMNRJF
| 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GRMNRJF
| Q4 25 | 28.9% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 26.0% | 14.7% | ||
| Q1 25 | 21.7% | 17.5% | ||
| Q4 24 | 28.3% | 18.6% | ||
| Q3 24 | 27.6% | — | ||
| Q2 24 | 22.7% | 17.1% | ||
| Q1 24 | 21.6% | 16.7% |
净利率GRMNRJF
| Q4 25 | 24.9% | 13.5% | ||
| Q3 25 | 22.7% | 14.4% | ||
| Q2 25 | 22.1% | 11.3% | ||
| Q1 25 | 21.7% | 12.9% | ||
| Q4 24 | 23.9% | 14.9% | ||
| Q3 24 | 25.2% | 15.0% | ||
| Q2 24 | 20.0% | 13.1% | ||
| Q1 24 | 20.0% | 13.1% |
每股收益（稀释后）GRMNRJF
| Q4 25 | $2.72 | $2.79 | ||
| Q3 25 | $2.08 | $2.96 | ||
| Q2 25 | $2.07 | $2.12 | ||
| Q1 25 | $1.72 | $2.36 | ||
| Q4 24 | $2.24 | $2.86 | ||
| Q3 24 | $2.07 | $2.85 | ||
| Q2 24 | $1.56 | $2.31 | ||
| Q1 24 | $1.43 | $2.22 |
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 | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.0B | $12.6B |
| 总资产 | $11.0B | $88.8B |
| 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GRMNRJF
| Q4 25 | $2.3B | $9.9B | ||
| Q3 25 | $2.1B | $11.4B | ||
| Q2 25 | $2.1B | $9.2B | ||
| Q1 25 | $2.2B | $9.7B | ||
| Q4 24 | $2.1B | $10.0B | ||
| Q3 24 | $2.0B | $11.0B | ||
| Q2 24 | $1.9B | $9.1B | ||
| Q1 24 | $1.9B | $10.0B |
股东权益GRMNRJF
| Q4 25 | $9.0B | $12.6B | ||
| Q3 25 | $8.5B | $12.5B | ||
| Q2 25 | $8.1B | $12.3B | ||
| Q1 25 | $8.2B | $12.2B | ||
| Q4 24 | $7.8B | $11.9B | ||
| Q3 24 | $7.5B | $11.7B | ||
| Q2 24 | $7.0B | $11.2B | ||
| Q1 24 | $7.2B | $11.0B |
总资产GRMNRJF
| Q4 25 | $11.0B | $88.8B | ||
| Q3 25 | $10.5B | $88.2B | ||
| Q2 25 | $10.3B | $84.8B | ||
| Q1 25 | $9.8B | $83.1B | ||
| Q4 24 | $9.6B | $82.3B | ||
| Q3 24 | $9.3B | $83.0B | ||
| Q2 24 | $8.9B | $80.6B | ||
| Q1 24 | $8.6B | $81.2B |
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 | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $429.6M | $-56.0M |
| 自由现金流率自由现金流/营收 | 20.2% | -1.3% |
| 资本支出强度资本支出/营收 | 5.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.05× | -0.02× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.4B |
8季度趋势，按日历期对齐
经营现金流GRMNRJF
| Q4 25 | $553.8M | $-10.0M | ||
| Q3 25 | $485.6M | $796.0M | ||
| Q2 25 | $173.2M | $691.0M | ||
| Q1 25 | $420.8M | $117.0M | ||
| Q4 24 | $483.9M | $830.0M | ||
| Q3 24 | $258.0M | $510.0M | ||
| Q2 24 | $255.3M | $711.0M | ||
| Q1 24 | $435.3M | $391.0M |
自由现金流GRMNRJF
| Q4 25 | $429.6M | $-56.0M | ||
| Q3 25 | $425.1M | $752.0M | ||
| Q2 25 | $127.5M | $634.0M | ||
| Q1 25 | $380.7M | $71.0M | ||
| Q4 24 | $399.2M | $789.0M | ||
| Q3 24 | $219.4M | $460.0M | ||
| Q2 24 | $218.2M | $655.0M | ||
| Q1 24 | $402.1M | $342.0M |
自由现金流率GRMNRJF
| Q4 25 | 20.2% | -1.3% | ||
| Q3 25 | 24.0% | 17.9% | ||
| Q2 25 | 7.0% | 16.5% | ||
| Q1 25 | 24.8% | 1.8% | ||
| Q4 24 | 21.9% | 19.6% | ||
| Q3 24 | 13.8% | 11.5% | ||
| Q2 24 | 14.5% | 17.4% | ||
| Q1 24 | 29.1% | 9.4% |
资本支出强度GRMNRJF
| Q4 25 | 5.8% | 1.1% | ||
| Q3 25 | 3.4% | 1.1% | ||
| Q2 25 | 2.5% | 1.5% | ||
| Q1 25 | 2.6% | 1.2% | ||
| Q4 24 | 4.6% | 1.0% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 2.5% | 1.5% | ||
| Q1 24 | 2.4% | 1.3% |
现金转化率GRMNRJF
| Q4 25 | 1.05× | -0.02× | ||
| Q3 25 | 1.21× | 1.32× | ||
| Q2 25 | 0.43× | 1.58× | ||
| Q1 25 | 1.26× | 0.24× | ||
| Q4 24 | 1.11× | 1.38× | ||
| Q3 24 | 0.65× | 0.85× | ||
| Q2 24 | 0.85× | 1.45× | ||
| Q1 24 | 1.58× | 0.82× |
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% |
RJF
暂无分部数据
