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高盛（GS）与帕卡（PCAR）财务数据对比。点击上方公司名可切换其他公司
高盛的季度营收约是帕卡的2.5倍（$17.2B vs $6.8B），高盛净利率更高（32.7% vs 8.2%，领先24.5%），高盛同比增速更快（18.6% vs -13.7%），过去两年高盛的营收复合增速更高（10.1% vs -11.7%）
高盛集团是美国跨国投资银行及金融服务提供商，创立于1869年，总部位于纽约市曼哈顿下城，在全球多个国际金融中心设有区域总部。按营收计算，高盛是全球规模最大的投资银行之一，位列美国《财富》500强总营收榜单第55位。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
GS vs PCAR — 直观对比
营收规模更大
GS
是对方的2.5倍
$6.8B
营收增速更快
GS
高出32.3%
-13.7%
净利率更高
GS
高出24.5%
8.2%
两年增速更快
GS
近两年复合增速
-11.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $17.2B | $6.8B |
| 净利润 | $5.6B | $556.9M |
| 毛利率 | — | 19.3% |
| 营业利润率 | 39.5% | 10.3% |
| 净利率 | 32.7% | 8.2% |
| 营收同比 | 18.6% | -13.7% |
| 净利润同比 | 18.8% | -36.1% |
| 每股收益（稀释后） | — | $1.06 |
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GSPCAR
| Q1 26 | $17.2B | — | ||
| Q4 25 | $13.5B | $6.8B | ||
| Q3 25 | $15.2B | $6.7B | ||
| Q2 25 | $14.6B | $7.5B | ||
| Q1 25 | $15.1B | $7.4B | ||
| Q4 24 | — | $7.9B | ||
| Q3 24 | $12.7B | $8.2B | ||
| Q2 24 | $12.7B | $8.8B |
净利润GSPCAR
| Q1 26 | $5.6B | — | ||
| Q4 25 | $4.6B | $556.9M | ||
| Q3 25 | $4.1B | $590.0M | ||
| Q2 25 | $3.7B | $723.8M | ||
| Q1 25 | $4.7B | $505.1M | ||
| Q4 24 | — | $872.0M | ||
| Q3 24 | $3.0B | $972.1M | ||
| Q2 24 | $3.0B | $1.1B |
毛利率GSPCAR
| Q1 26 | — | — | ||
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 22.8% |
营业利润率GSPCAR
| Q1 26 | 39.5% | — | ||
| Q4 25 | 43.5% | 10.3% | ||
| Q3 25 | 35.5% | 11.1% | ||
| Q2 25 | 34.0% | 12.4% | ||
| Q1 25 | 37.5% | 8.6% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | 31.4% | 15.2% | ||
| Q2 24 | 30.8% | 16.7% |
净利率GSPCAR
| Q1 26 | 32.7% | — | ||
| Q4 25 | 34.3% | 8.2% | ||
| Q3 25 | 27.0% | 8.8% | ||
| Q2 25 | 25.5% | 9.6% | ||
| Q1 25 | 31.5% | 6.8% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 23.5% | 11.8% | ||
| Q2 24 | 23.9% | 12.8% |
每股收益（稀释后）GSPCAR
| Q1 26 | — | — | ||
| Q4 25 | $14.04 | $1.06 | ||
| Q3 25 | $12.25 | $1.12 | ||
| Q2 25 | $10.91 | $1.37 | ||
| Q1 25 | $14.12 | $0.96 | ||
| Q4 24 | — | $1.65 | ||
| Q3 24 | $8.40 | $1.85 | ||
| Q2 24 | $8.62 | $2.13 |
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 | $179.0B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $123.0B | $19.3B |
| 总资产 | $2062.0B | $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GSPCAR
| Q1 26 | $179.0B | — | ||
| Q4 25 | $164.3B | — | ||
| Q3 25 | $169.6B | — | ||
| Q2 25 | $153.0B | — | ||
| Q1 25 | $167.4B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $154.7B | — | ||
| Q2 24 | $206.3B | — |
股东权益GSPCAR
| Q1 26 | $123.0B | — | ||
| Q4 25 | $125.0B | $19.3B | ||
| Q3 25 | $124.4B | $19.4B | ||
| Q2 25 | $124.1B | $18.9B | ||
| Q1 25 | $124.3B | $18.0B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | $121.2B | $18.7B | ||
| Q2 24 | $119.5B | $17.7B |
总资产GSPCAR
| Q1 26 | $2062.0B | — | ||
| Q4 25 | $1809.3B | $44.3B | ||
| Q3 25 | $1808.0B | $44.2B | ||
| Q2 25 | $1785.0B | $44.1B | ||
| Q1 25 | $1766.2B | $42.7B | ||
| Q4 24 | — | $43.4B | ||
| Q3 24 | $1728.1B | $43.3B | ||
| Q2 24 | $1653.3B | $41.2B |
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 | — | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $954.4M |
| 自由现金流率自由现金流/营收 | — | 14.0% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 2.05× |
| 过去12个月自由现金流最近4个季度 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流GSPCAR
| Q1 26 | — | — | ||
| Q4 25 | $-16.3B | $1.1B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $5.7B | $833.4M | ||
| Q1 25 | $-37.2B | $910.3M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $440.0M |
自由现金流GSPCAR
| Q1 26 | — | — | ||
| Q4 25 | $-16.8B | $954.4M | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $5.2B | $611.3M | ||
| Q1 25 | $-37.7B | $745.2M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $219.7M |
自由现金流率GSPCAR
| Q1 26 | — | — | ||
| Q4 25 | -124.9% | 14.0% | ||
| Q3 25 | 14.0% | 20.4% | ||
| Q2 25 | 35.6% | 8.1% | ||
| Q1 25 | -250.5% | 10.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 2.5% |
资本支出强度GSPCAR
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 2.8% | ||
| Q3 25 | 3.7% | 2.5% | ||
| Q2 25 | 3.3% | 3.0% | ||
| Q1 25 | 3.3% | 2.2% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.5% |
现金转化率GSPCAR
| Q1 26 | — | — | ||
| Q4 25 | -3.53× | 2.05× | ||
| Q3 25 | 0.65× | 2.59× | ||
| Q2 25 | 1.52× | 1.15× | ||
| Q1 25 | -7.86× | 1.80× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 0.39× |
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
GS
| Management and other fees | $3.1B | 18% |
| FICC intermediation | $2.9B | 17% |
| Equities intermediation | $2.7B | 16% |
| Equities financing | $2.6B | 15% |
| Advisory | $1.5B | 9% |
| FICC financing | $1.1B | 6% |
| Other | $972.0M | 6% |
| Debt underwriting | $811.0M | 5% |
| Private banking and lending | $638.0M | 4% |
| Equity underwriting | $535.0M | 3% |
| Incentive fees | $183.0M | 1% |
| Investments | $180.0M | 1% |
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
