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高盛（GS）与US Foods Holding Corp.（USFD）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US Foods Holding Corp.的1.4倍（$13.5B vs $9.8B），高盛净利率更高（34.3% vs 1.9%，领先32.4%），US Foods Holding Corp.自由现金流更多（$159.0M 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。
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
GS vs USFD — 直观对比
营收规模更大
GS
是对方的1.4倍
$9.8B
净利率更高
GS
高出32.4%
1.9%
自由现金流更多
USFD
多$17.0B
$-16.8B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.5B | $9.8B |
| 净利润 | $4.6B | $184.0M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 43.5% | 3.3% |
| 净利率 | 34.3% | 1.9% |
| 营收同比 | — | 3.3% |
| 净利润同比 | — | 178.8% |
| 每股收益（稀释后） | $14.04 | $0.82 |
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GSUSFD
| Q4 25 | $13.5B | $9.8B | ||
| Q3 25 | $15.2B | $10.2B | ||
| Q2 25 | $14.6B | $10.1B | ||
| Q1 25 | $15.1B | $9.4B | ||
| Q4 24 | — | $9.5B | ||
| Q3 24 | $12.7B | $9.7B | ||
| Q2 24 | $12.7B | $9.7B | ||
| Q1 24 | $14.2B | $8.9B |
净利润GSUSFD
| Q4 25 | $4.6B | $184.0M | ||
| Q3 25 | $4.1B | $153.0M | ||
| Q2 25 | $3.7B | $224.0M | ||
| Q1 25 | $4.7B | $115.0M | ||
| Q4 24 | — | $66.0M | ||
| Q3 24 | $3.0B | $148.0M | ||
| Q2 24 | $3.0B | $198.0M | ||
| Q1 24 | $4.1B | $82.0M |
毛利率GSUSFD
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 16.7% |
营业利润率GSUSFD
| Q4 25 | 43.5% | 3.3% | ||
| Q3 25 | 35.5% | 2.8% | ||
| Q2 25 | 34.0% | 3.7% | ||
| Q1 25 | 37.5% | 2.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 31.4% | 2.9% | ||
| Q2 24 | 30.8% | 3.6% | ||
| Q1 24 | 36.8% | 1.8% |
净利率GSUSFD
| Q4 25 | 34.3% | 1.9% | ||
| Q3 25 | 27.0% | 1.5% | ||
| Q2 25 | 25.5% | 2.2% | ||
| Q1 25 | 31.5% | 1.2% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 23.5% | 1.5% | ||
| Q2 24 | 23.9% | 2.0% | ||
| Q1 24 | 29.1% | 0.9% |
每股收益（稀释后）GSUSFD
| Q4 25 | $14.04 | $0.82 | ||
| Q3 25 | $12.25 | $0.67 | ||
| Q2 25 | $10.91 | $0.96 | ||
| Q1 25 | $14.12 | $0.49 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | $8.40 | $0.61 | ||
| Q2 24 | $8.62 | $0.80 | ||
| Q1 24 | $11.58 | $0.33 |
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 | $41.0M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $125.0B | $4.3B |
| 总资产 | $1809.3B | $13.9B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资GSUSFD
| Q4 25 | $164.3B | $41.0M | ||
| Q3 25 | $169.6B | $56.0M | ||
| Q2 25 | $153.0B | $61.0M | ||
| Q1 25 | $167.4B | $101.0M | ||
| Q4 24 | — | $59.0M | ||
| Q3 24 | $154.7B | $81.0M | ||
| Q2 24 | $206.3B | $405.0M | ||
| Q1 24 | $209.4B | $267.0M |
总债务GSUSFD
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | — | $4.6B |
股东权益GSUSFD
| Q4 25 | $125.0B | $4.3B | ||
| Q3 25 | $124.4B | $4.5B | ||
| Q2 25 | $124.1B | $4.6B | ||
| Q1 25 | $124.3B | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $121.2B | $4.6B | ||
| Q2 24 | $119.5B | $5.0B | ||
| Q1 24 | $118.5B | $4.8B |
总资产GSUSFD
| Q4 25 | $1809.3B | $13.9B | ||
| Q3 25 | $1808.0B | $14.0B | ||
| Q2 25 | $1785.0B | $13.8B | ||
| Q1 25 | $1766.2B | $13.7B | ||
| Q4 24 | — | $13.4B | ||
| Q3 24 | $1728.1B | $13.5B | ||
| Q2 24 | $1653.3B | $13.7B | ||
| Q1 24 | $1698.4B | $13.4B |
负债/权益比GSUSFD
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.95× |
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 | $293.0M |
| 自由现金流经营现金流 - 资本支出 | $-16.8B | $159.0M |
| 自由现金流率自由现金流/营收 | -124.9% | 1.6% |
| 资本支出强度资本支出/营收 | 3.9% | 1.4% |
| 现金转化率经营现金流/净利润 | -3.53× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $-47.2B | $959.0M |
8季度趋势，按日历期对齐
经营现金流GSUSFD
| Q4 25 | $-16.3B | $293.0M | ||
| Q3 25 | $2.7B | $351.0M | ||
| Q2 25 | $5.7B | $334.0M | ||
| Q1 25 | $-37.2B | $391.0M | ||
| Q4 24 | — | $283.0M | ||
| Q3 24 | — | $270.0M | ||
| Q2 24 | — | $482.0M | ||
| Q1 24 | $-28.0B | $139.0M |
自由现金流GSUSFD
| Q4 25 | $-16.8B | $159.0M | ||
| Q3 25 | $2.1B | $236.0M | ||
| Q2 25 | $5.2B | $257.0M | ||
| Q1 25 | $-37.7B | $307.0M | ||
| Q4 24 | — | $178.0M | ||
| Q3 24 | — | $190.0M | ||
| Q2 24 | — | $413.0M | ||
| Q1 24 | $-28.5B | $52.0M |
自由现金流率GSUSFD
| Q4 25 | -124.9% | 1.6% | ||
| Q3 25 | 14.0% | 2.3% | ||
| Q2 25 | 35.6% | 2.5% | ||
| Q1 25 | -250.5% | 3.3% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | -200.8% | 0.6% |
资本支出强度GSUSFD
| Q4 25 | 3.9% | 1.4% | ||
| Q3 25 | 3.7% | 1.1% | ||
| Q2 25 | 3.3% | 0.8% | ||
| Q1 25 | 3.3% | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | 3.5% | 1.0% |
现金转化率GSUSFD
| Q4 25 | -3.53× | 1.59× | ||
| Q3 25 | 0.65× | 2.29× | ||
| Q2 25 | 1.52× | 1.49× | ||
| Q1 25 | -7.86× | 3.40× | ||
| Q4 24 | — | 4.29× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | 2.43× | ||
| Q1 24 | -6.79× | 1.70× |
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% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
