vs
高盛（GS）与西斯科（SYY）财务数据对比。点击上方公司名可切换其他公司
西斯科的季度营收约是高盛的1.5倍（$20.8B vs $13.5B），高盛净利率更高（34.3% vs 1.9%，领先32.4%），西斯科自由现金流更多（$385.0M vs $-16.8B）
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。
西斯科是总部位于美国得克萨斯州休斯敦能源走廊区的跨国企业，主要为餐厅、医疗机构、教育机构、体育场馆等各类提供餐食的场所销售配送食品产品，同时也供应餐饮服务相关用品及设备。
GS vs SYY — 直观对比
营收规模更大
SYY
是对方的1.5倍
$13.5B
净利率更高
GS
高出32.4%
1.9%
自由现金流更多
SYY
多$17.2B
$-16.8B
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $20.8B |
| 净利润 | $4.6B | $389.0M |
| 毛利率 | — | 18.3% |
| 营业利润率 | 43.5% | 3.3% |
| 净利率 | 34.3% | 1.9% |
| 营收同比 | — | 3.0% |
| 净利润同比 | — | -4.2% |
| 每股收益（稀释后） | $14.04 | $0.81 |
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GSSYY
| Q4 25 | $13.5B | $20.8B | ||
| Q3 25 | $15.2B | $21.1B | ||
| Q2 25 | $14.6B | $21.1B | ||
| Q1 25 | $15.1B | $19.6B | ||
| Q4 24 | — | $20.2B | ||
| Q3 24 | $12.7B | $20.5B | ||
| Q2 24 | $12.7B | $20.6B | ||
| Q1 24 | $14.2B | $19.4B |
净利润GSSYY
| Q4 25 | $4.6B | $389.0M | ||
| Q3 25 | $4.1B | $476.0M | ||
| Q2 25 | $3.7B | $531.0M | ||
| Q1 25 | $4.7B | $401.0M | ||
| Q4 24 | — | $406.0M | ||
| Q3 24 | $3.0B | $490.0M | ||
| Q2 24 | $3.0B | $611.7M | ||
| Q1 24 | $4.1B | $424.7M |
毛利率GSSYY
| Q4 25 | — | 18.3% | ||
| Q3 25 | — | 18.4% | ||
| Q2 25 | — | 18.9% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 18.3% | ||
| Q2 24 | — | 18.7% | ||
| Q1 24 | — | 18.6% |
营业利润率GSSYY
| Q4 25 | 43.5% | 3.3% | ||
| Q3 25 | 35.5% | 3.8% | ||
| Q2 25 | 34.0% | 4.2% | ||
| Q1 25 | 37.5% | 3.5% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | 31.4% | 3.9% | ||
| Q2 24 | 30.8% | 4.7% | ||
| Q1 24 | 36.8% | 3.7% |
净利率GSSYY
| Q4 25 | 34.3% | 1.9% | ||
| Q3 25 | 27.0% | 2.3% | ||
| Q2 25 | 25.5% | 2.5% | ||
| Q1 25 | 31.5% | 2.0% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 23.5% | 2.4% | ||
| Q2 24 | 23.9% | 3.0% | ||
| Q1 24 | 29.1% | 2.2% |
每股收益（稀释后）GSSYY
| Q4 25 | $14.04 | $0.81 | ||
| Q3 25 | $12.25 | $0.99 | ||
| Q2 25 | $10.91 | $1.10 | ||
| Q1 25 | $14.12 | $0.82 | ||
| Q4 24 | — | $0.82 | ||
| Q3 24 | $8.40 | $0.99 | ||
| Q2 24 | $8.62 | $1.23 | ||
| Q1 24 | $11.58 | $0.85 |
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 | $164.3B | $1.2B |
| 总债务越低越好 | — | $12.4B |
| 股东权益账面价值 | $125.0B | $2.3B |
| 总资产 | $1809.3B | $27.2B |
| 负债/权益比越低杠杆越低 | — | 5.45× |
8季度趋势，按日历期对齐
现金及短期投资GSSYY
| Q4 25 | $164.3B | $1.2B | ||
| Q3 25 | $169.6B | $844.0M | ||
| Q2 25 | $153.0B | $1.1B | ||
| Q1 25 | $167.4B | $1.5B | ||
| Q4 24 | — | $793.0M | ||
| Q3 24 | $154.7B | $733.0M | ||
| Q2 24 | $206.3B | $696.0M | ||
| Q1 24 | $209.4B | $598.3M |
总债务GSSYY
| Q4 25 | — | $12.4B | ||
| Q3 25 | — | $11.5B | ||
| Q2 25 | — | $12.4B | ||
| Q1 25 | — | $12.2B | ||
| Q4 24 | — | $11.4B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.5B | ||
| Q1 24 | — | $12.1B |
股东权益GSSYY
| Q4 25 | $125.0B | $2.3B | ||
| Q3 25 | $124.4B | $2.1B | ||
| Q2 25 | $124.1B | $1.8B | ||
| Q1 25 | $124.3B | $1.9B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $121.2B | $2.2B | ||
| Q2 24 | $119.5B | $1.9B | ||
| Q1 24 | $118.5B | $2.1B |
总资产GSSYY
| Q4 25 | $1809.3B | $27.2B | ||
| Q3 25 | $1808.0B | $27.0B | ||
| Q2 25 | $1785.0B | $26.8B | ||
| Q1 25 | $1766.2B | $26.3B | ||
| Q4 24 | — | $25.3B | ||
| Q3 24 | $1728.1B | $25.9B | ||
| Q2 24 | $1653.3B | $24.9B | ||
| Q1 24 | $1698.4B | $24.7B |
负债/权益比GSSYY
| Q4 25 | — | 5.45× | ||
| Q3 25 | — | 5.54× | ||
| Q2 25 | — | 6.75× | ||
| Q1 25 | — | 6.37× | ||
| Q4 24 | — | 5.66× | ||
| Q3 24 | — | 5.38× | ||
| Q2 24 | — | 6.19× | ||
| Q1 24 | — | 5.77× |
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 | $-16.3B | $525.0M |
| 自由现金流经营现金流 - 资本支出 | $-16.8B | $385.0M |
| 自由现金流率自由现金流/营收 | -124.9% | 1.9% |
| 资本支出强度资本支出/营收 | 3.9% | 0.7% |
| 现金转化率经营现金流/净利润 | -3.53× | 1.35× |
| 过去12个月自由现金流最近4个季度 | $-47.2B | $1.8B |
8季度趋势，按日历期对齐
经营现金流GSSYY
| Q4 25 | $-16.3B | $525.0M | ||
| Q3 25 | $2.7B | $86.0M | ||
| Q2 25 | $5.7B | $1.2B | ||
| Q1 25 | $-37.2B | $819.0M | ||
| Q4 24 | — | $445.0M | ||
| Q3 24 | — | $53.0M | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $-28.0B | $517.3M |
自由现金流GSSYY
| Q4 25 | $-16.8B | $385.0M | ||
| Q3 25 | $2.1B | $-74.0M | ||
| Q2 25 | $5.2B | $819.0M | ||
| Q1 25 | $-37.7B | $620.0M | ||
| Q4 24 | — | $234.0M | ||
| Q3 24 | — | $-69.0M | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $-28.5B | $333.9M |
自由现金流率GSSYY
| Q4 25 | -124.9% | 1.9% | ||
| Q3 25 | 14.0% | -0.3% | ||
| Q2 25 | 35.6% | 3.9% | ||
| Q1 25 | -250.5% | 3.2% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | -200.8% | 1.7% |
资本支出强度GSSYY
| Q4 25 | 3.9% | 0.7% | ||
| Q3 25 | 3.7% | 0.8% | ||
| Q2 25 | 3.3% | 1.8% | ||
| Q1 25 | 3.3% | 1.0% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | 3.5% | 0.9% |
现金转化率GSSYY
| Q4 25 | -3.53× | 1.35× | ||
| Q3 25 | 0.65× | 0.18× | ||
| Q2 25 | 1.52× | 2.25× | ||
| Q1 25 | -7.86× | 2.04× | ||
| Q4 24 | — | 1.10× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 2.64× | ||
| Q1 24 | -6.79× | 1.22× |
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
| Global Banking And Markets | $10.5B | 78% |
| Other | $2.9B | 22% |
SYY
| International Foodservice Operations | $4.0B | 19% |
| Fresh And Frozen Meats1 | $3.0B | 14% |
| Canned And Dry Products1 | $2.7B | 13% |
| Sygma Segment | $2.1B | 10% |
| Frozen Fruits Vegetables Bakery And Other1 | $2.1B | 10% |
| Dairy Products1 | $1.5B | 7% |
| Poultry1 | $1.3B | 6% |
| Fresh Produce1 | $1.3B | 6% |
| Paper And Disposables1 | $1.0B | 5% |
| Seafood1 | $542.0M | 3% |
| Beverage Products1 | $390.0M | 2% |
| Other Products | $289.0M | 1% |
| Equipment And Smallwares | $286.0M | 1% |
