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固铂轮胎（GT）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
固铂轮胎的季度营收约是惠而浦的1.2倍（$4.9B vs $4.1B），惠而浦净利率更高（2.7% vs 2.1%，领先0.5%），固铂轮胎同比增速更快（-0.6% vs -0.9%），固铂轮胎自由现金流更多（$1.3B vs $989.0M），过去两年固铂轮胎的营收复合增速更高（4.1% vs -4.5%）
固铂轮胎橡胶公司是美国知名轮胎企业，专注于乘用车、卡车替换轮胎的设计、生产、营销与销售，旗下子公司还覆盖中型卡车、摩托车及赛车轮胎业务。公司总部位于俄亥俄州芬德利，在全球拥有60处制造、销售、配送、技术及研发设计基地，旗下还拥有英国雅芳轮胎品牌，生产摩托车等品类的轮胎产品。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
GT vs WHR — 直观对比
营收规模更大
GT
是对方的1.2倍
$4.1B
营收增速更快
GT
高出0.3%
-0.9%
净利率更高
WHR
高出0.5%
2.1%
自由现金流更多
GT
多$346.0M
$989.0M
两年增速更快
GT
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $4.1B |
| 净利润 | $105.0M | $109.0M |
| 毛利率 | 20.9% | 14.0% |
| 营业利润率 | 3.3% | 6.0% |
| 净利率 | 2.1% | 2.7% |
| 营收同比 | -0.6% | -0.9% |
| 净利润同比 | 43.8% | 127.8% |
| 每股收益（稀释后） | $0.36 | $1.92 |
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GTWHR
| Q4 25 | $4.9B | $4.1B | ||
| Q3 25 | $4.6B | $4.0B | ||
| Q2 25 | $4.5B | $3.8B | ||
| Q1 25 | $4.3B | $3.6B | ||
| Q4 24 | $4.9B | $4.1B | ||
| Q3 24 | $4.8B | $4.0B | ||
| Q2 24 | $4.6B | $4.0B | ||
| Q1 24 | $4.5B | $4.5B |
净利润GTWHR
| Q4 25 | $105.0M | $109.0M | ||
| Q3 25 | $-2.2B | $73.0M | ||
| Q2 25 | $254.0M | $65.0M | ||
| Q1 25 | $115.0M | $71.0M | ||
| Q4 24 | $73.0M | $-392.0M | ||
| Q3 24 | $-37.0M | $109.0M | ||
| Q2 24 | $79.0M | $219.0M | ||
| Q1 24 | $-69.0M | $-259.0M |
毛利率GTWHR
| Q4 25 | 20.9% | 14.0% | ||
| Q3 25 | 18.2% | 14.7% | ||
| Q2 25 | 17.0% | 16.2% | ||
| Q1 25 | 17.4% | 16.8% | ||
| Q4 24 | 19.9% | 16.2% | ||
| Q3 24 | 19.5% | 16.1% | ||
| Q2 24 | 20.6% | 15.7% | ||
| Q1 24 | 18.0% | 14.3% |
营业利润率GTWHR
| Q4 25 | 3.3% | 6.0% | ||
| Q3 25 | -15.8% | 5.1% | ||
| Q2 25 | 6.8% | 5.4% | ||
| Q1 25 | 3.1% | 5.1% | ||
| Q4 24 | 1.5% | -3.3% | ||
| Q3 24 | -0.6% | 6.6% | ||
| Q2 24 | 2.9% | 3.3% | ||
| Q1 24 | -1.1% | -2.6% |
净利率GTWHR
| Q4 25 | 2.1% | 2.7% | ||
| Q3 25 | -47.3% | 1.8% | ||
| Q2 25 | 5.7% | 1.7% | ||
| Q1 25 | 2.7% | 2.0% | ||
| Q4 24 | 1.5% | -9.5% | ||
| Q3 24 | -0.8% | 2.7% | ||
| Q2 24 | 1.7% | 5.5% | ||
| Q1 24 | -1.5% | -5.8% |
每股收益（稀释后）GTWHR
| Q4 25 | $0.36 | $1.92 | ||
| Q3 25 | $-7.62 | $1.29 | ||
| Q2 25 | $0.87 | $1.17 | ||
| Q1 25 | $0.40 | $1.28 | ||
| Q4 24 | $0.25 | $-7.11 | ||
| Q3 24 | $-0.13 | $2.00 | ||
| Q2 24 | $0.28 | $3.96 | ||
| Q1 24 | $-0.24 | $-4.72 |
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 | $801.0M | $669.0M |
| 总债务越低越好 | $5.3B | $6.2B |
| 股东权益账面价值 | $3.2B | $2.7B |
| 总资产 | $18.2B | $16.0B |
| 负债/权益比越低杠杆越低 | 1.65× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资GTWHR
| Q4 25 | $801.0M | $669.0M | ||
| Q3 25 | $810.0M | $934.0M | ||
| Q2 25 | $785.0M | $1.1B | ||
| Q1 25 | $902.0M | $1.0B | ||
| Q4 24 | $810.0M | $1.3B | ||
| Q3 24 | $905.0M | $1.1B | ||
| Q2 24 | $789.0M | $1.2B | ||
| Q1 24 | $893.0M | $1.2B |
总债务GTWHR
| Q4 25 | $5.3B | $6.2B | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $6.6B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $6.4B | $6.6B | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $7.5B | — |
股东权益GTWHR
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $5.1B | $2.6B | ||
| Q1 25 | $4.9B | $2.6B | ||
| Q4 24 | $4.7B | $2.7B | ||
| Q3 24 | $4.7B | $3.0B | ||
| Q2 24 | $4.7B | $3.1B | ||
| Q1 24 | $4.6B | $2.4B |
总资产GTWHR
| Q4 25 | $18.2B | $16.0B | ||
| Q3 25 | $20.2B | $16.9B | ||
| Q2 25 | $22.3B | $16.8B | ||
| Q1 25 | $21.7B | $16.5B | ||
| Q4 24 | $20.9B | $16.3B | ||
| Q3 24 | $22.5B | $17.2B | ||
| Q2 24 | $22.0B | $17.3B | ||
| Q1 24 | $22.0B | $17.4B |
负债/权益比GTWHR
| Q4 25 | 1.65× | 2.26× | ||
| Q3 25 | 2.42× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.37× | 2.46× | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 1.45× | — | ||
| Q1 24 | 1.61× | — |
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 | $1.5B | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $989.0M |
| 自由现金流率自由现金流/营收 | 27.2% | 24.1% |
| 资本支出强度资本支出/营收 | 3.6% | 3.7% |
| 现金转化率经营现金流/净利润 | 14.40× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $-30.0M | $81.0M |
8季度趋势，按日历期对齐
经营现金流GTWHR
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $2.0M | $33.0M | ||
| Q2 25 | $-180.0M | $19.0M | ||
| Q1 25 | $-538.0M | $-721.0M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $-73.0M | $214.0M | ||
| Q2 24 | $-67.0M | $388.0M | ||
| Q1 24 | $-451.0M | $-873.0M |
自由现金流GTWHR
| Q4 25 | $1.3B | $989.0M | ||
| Q3 25 | $-181.0M | $-52.0M | ||
| Q2 25 | $-387.0M | $-63.0M | ||
| Q1 25 | $-797.0M | $-793.0M | ||
| Q4 24 | $1.0B | $970.0M | ||
| Q3 24 | $-351.0M | $127.0M | ||
| Q2 24 | $-383.0M | $275.0M | ||
| Q1 24 | $-769.0M | $-988.0M |
自由现金流率GTWHR
| Q4 25 | 27.2% | 24.1% | ||
| Q3 25 | -3.9% | -1.3% | ||
| Q2 25 | -8.7% | -1.7% | ||
| Q1 25 | -18.7% | -21.9% | ||
| Q4 24 | 20.5% | 23.5% | ||
| Q3 24 | -7.3% | 3.2% | ||
| Q2 24 | -8.4% | 6.9% | ||
| Q1 24 | -16.9% | -22.0% |
资本支出强度GTWHR
| Q4 25 | 3.6% | 3.7% | ||
| Q3 25 | 3.9% | 2.1% | ||
| Q2 25 | 4.6% | 2.2% | ||
| Q1 25 | 6.1% | 2.0% | ||
| Q4 24 | 5.6% | 3.3% | ||
| Q3 24 | 5.8% | 2.2% | ||
| Q2 24 | 6.9% | 2.8% | ||
| Q1 24 | 7.0% | 2.6% |
现金转化率GTWHR
| Q4 25 | 14.40× | 10.45× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | -0.71× | 0.29× | ||
| Q1 25 | -4.68× | -10.15× | ||
| Q4 24 | 17.66× | — | ||
| Q3 24 | — | 1.96× | ||
| Q2 24 | -0.85× | 1.77× | ||
| Q1 24 | — | — |
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
GT
| Tire Unit Sales | $2.4B | 50% |
| Other | $2.3B | 46% |
| Other Tireand Related Sales | $192.0M | 4% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
