vs
佳明（GRMN）与W. R. Berkley Corporation（WRB）财务数据对比。点击上方公司名可切换其他公司
W. R. Berkley Corporation的季度营收约是佳明的1.7倍（$3.7B vs $2.1B），佳明净利率更高（24.9% vs 14.0%，领先10.9%），佳明同比增速更快（16.6% vs 4.0%），过去两年佳明的营收复合增速更高（24.0% vs 5.5%）
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。
W. R. Berkley Corporation由威廉·罗伯特·伯克利创立，他目前担任该公司董事长，同时兼任纽约大学校董会主席，在企业经营管理及高等教育治理领域均具备深厚的经验积累。
GRMN vs WRB — 直观对比
营收规模更大
WRB
是对方的1.7倍
$2.1B
营收增速更快
GRMN
高出12.6%
4.0%
净利率更高
GRMN
高出10.9%
14.0%
两年增速更快
GRMN
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.7B |
| 净利润 | $528.7M | $515.2M |
| 毛利率 | 59.2% | — |
| 营业利润率 | 28.9% | — |
| 净利率 | 24.9% | 14.0% |
| 营收同比 | 16.6% | 4.0% |
| 净利润同比 | 21.3% | 23.4% |
| 每股收益（稀释后） | $2.72 | $1.31 |
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GRMNWRB
| Q1 26 | — | $3.7B | ||
| Q4 25 | $2.1B | $3.7B | ||
| Q3 25 | $1.8B | $3.8B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.8B | $3.7B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.5B | $3.3B |
净利润GRMNWRB
| Q1 26 | — | $515.2M | ||
| Q4 25 | $528.7M | $449.5M | ||
| Q3 25 | $401.6M | $511.0M | ||
| Q2 25 | $400.8M | $401.3M | ||
| Q1 25 | $332.8M | $417.6M | ||
| Q4 24 | $435.7M | $576.1M | ||
| Q3 24 | $399.1M | $365.6M | ||
| Q2 24 | $300.6M | $371.9M |
毛利率GRMNWRB
| Q1 26 | — | — | ||
| 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% | — |
营业利润率GRMNWRB
| Q1 26 | — | — | ||
| Q4 25 | 28.9% | 15.4% | ||
| Q3 25 | 25.8% | 17.2% | ||
| Q2 25 | 26.0% | 14.2% | ||
| Q1 25 | 21.7% | 15.2% | ||
| Q4 24 | 28.3% | 19.9% | ||
| Q3 24 | 27.6% | 14.0% | ||
| Q2 24 | 22.7% | 14.7% |
净利率GRMNWRB
| Q1 26 | — | 14.0% | ||
| Q4 25 | 24.9% | 12.1% | ||
| Q3 25 | 22.7% | 13.6% | ||
| Q2 25 | 22.1% | 10.9% | ||
| Q1 25 | 21.7% | 11.8% | ||
| Q4 24 | 23.9% | 15.7% | ||
| Q3 24 | 25.2% | 10.8% | ||
| Q2 24 | 20.0% | 11.2% |
每股收益（稀释后）GRMNWRB
| Q1 26 | — | $1.31 | ||
| Q4 25 | $2.72 | $1.13 | ||
| Q3 25 | $2.08 | $1.28 | ||
| Q2 25 | $2.07 | $1.00 | ||
| Q1 25 | $1.72 | $1.04 | ||
| Q4 24 | $2.24 | $0.89 | ||
| Q3 24 | $2.07 | $0.91 | ||
| Q2 24 | $1.56 | $0.92 |
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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.0B | — |
| 总资产 | $11.0B | $44.3B |
| 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GRMNWRB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.3B | $2.5B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.2B | $1.7B | ||
| Q4 24 | $2.1B | $2.0B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B |
股东权益GRMNWRB
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $9.7B | ||
| Q3 25 | $8.5B | $9.8B | ||
| Q2 25 | $8.1B | $9.3B | ||
| Q1 25 | $8.2B | $8.9B | ||
| Q4 24 | $7.8B | $8.4B | ||
| Q3 24 | $7.5B | $8.4B | ||
| Q2 24 | $7.0B | $7.8B |
总资产GRMNWRB
| Q1 26 | — | $44.3B | ||
| Q4 25 | $11.0B | $44.1B | ||
| Q3 25 | $10.5B | $43.7B | ||
| Q2 25 | $10.3B | $42.7B | ||
| Q1 25 | $9.8B | $41.3B | ||
| Q4 24 | $9.6B | $40.6B | ||
| Q3 24 | $9.3B | $40.4B | ||
| Q2 24 | $8.9B | $38.9B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $429.6M | — |
| 自由现金流率自由现金流/营收 | 20.2% | — |
| 资本支出强度资本支出/营收 | 5.8% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流GRMNWRB
| Q1 26 | — | — | ||
| Q4 25 | $553.8M | $995.1M | ||
| Q3 25 | $485.6M | $1.1B | ||
| Q2 25 | $173.2M | $703.8M | ||
| Q1 25 | $420.8M | $743.8M | ||
| Q4 24 | $483.9M | $810.0M | ||
| Q3 24 | $258.0M | $1.2B | ||
| Q2 24 | $255.3M | $881.3M |
自由现金流GRMNWRB
| Q1 26 | — | — | ||
| Q4 25 | $429.6M | — | ||
| Q3 25 | $425.1M | — | ||
| Q2 25 | $127.5M | — | ||
| Q1 25 | $380.7M | — | ||
| Q4 24 | $399.2M | — | ||
| Q3 24 | $219.4M | — | ||
| Q2 24 | $218.2M | — |
自由现金流率GRMNWRB
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 24.0% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 14.5% | — |
资本支出强度GRMNWRB
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.5% | — |
现金转化率GRMNWRB
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | 2.21× | ||
| Q3 25 | 1.21× | 2.23× | ||
| Q2 25 | 0.43× | 1.75× | ||
| Q1 25 | 1.26× | 1.78× | ||
| Q4 24 | 1.11× | 1.41× | ||
| Q3 24 | 0.65× | 3.39× | ||
| Q2 24 | 0.85× | 2.37× |
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% |
WRB
暂无分部数据
