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盖茨工业（GTES）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
斑马技术的季度营收约是盖茨工业的1.7倍（$1.5B vs $856.2M）。盖茨工业净利率更高（6.0% vs 4.7%，领先1.2%）。斑马技术同比增速更快（10.6% vs 3.2%）。斑马技术自由现金流更多（$327.0M vs $251.0M）。过去两年斑马技术的营收复合增速更高（12.0% vs -0.4%）
盖茨工业总部位于美国科罗拉多州丹佛市，是动力传动带及流体动力产品的专业制造商，产品广泛应用于各类工业和汽车领域。公司员工规模超1.5万人，在美洲、欧洲、亚洲、澳洲及中东均设有销售和生产基地。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
GTES vs ZBRA — 直观对比
营收规模更大
ZBRA
是对方的1.7倍
$856.2M
营收增速更快
ZBRA
高出7.3%
3.2%
净利率更高
GTES
高出1.2%
4.7%
自由现金流更多
ZBRA
多$76.0M
$251.0M
两年增速更快
ZBRA
近两年复合增速
-0.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $856.2M | $1.5B |
| 净利润 | $51.3M | $70.0M |
| 毛利率 | 38.0% | 47.3% |
| 营业利润率 | 12.8% | 9.4% |
| 净利率 | 6.0% | 4.7% |
| 营收同比 | 3.2% | 10.6% |
| 净利润同比 | 40.2% | -57.1% |
| 每股收益（稀释后） | $0.19 | $1.40 |
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GTESZBRA
| Q4 25 | $856.2M | $1.5B | ||
| Q3 25 | $855.7M | $1.3B | ||
| Q2 25 | $883.7M | $1.3B | ||
| Q1 25 | $847.6M | $1.3B | ||
| Q4 24 | $829.4M | $1.3B | ||
| Q3 24 | $830.7M | $1.3B | ||
| Q2 24 | $885.5M | $1.2B | ||
| Q1 24 | $862.6M | $1.2B |
净利润GTESZBRA
| Q4 25 | $51.3M | $70.0M | ||
| Q3 25 | $81.6M | $101.0M | ||
| Q2 25 | $56.5M | $112.0M | ||
| Q1 25 | $62.0M | $136.0M | ||
| Q4 24 | $36.6M | $163.0M | ||
| Q3 24 | $47.6M | $137.0M | ||
| Q2 24 | $70.7M | $113.0M | ||
| Q1 24 | $40.0M | $115.0M |
毛利率GTESZBRA
| Q4 25 | 38.0% | 47.3% | ||
| Q3 25 | 39.9% | 48.0% | ||
| Q2 25 | 40.8% | 47.6% | ||
| Q1 25 | 40.7% | 49.3% | ||
| Q4 24 | 40.4% | 48.6% | ||
| Q3 24 | 40.4% | 48.8% | ||
| Q2 24 | 40.4% | 48.4% | ||
| Q1 24 | 38.3% | 47.9% |
营业利润率GTESZBRA
| Q4 25 | 12.8% | 9.4% | ||
| Q3 25 | 13.5% | 13.9% | ||
| Q2 25 | 13.1% | 14.2% | ||
| Q1 25 | 14.7% | 14.9% | ||
| Q4 24 | 13.6% | 16.9% | ||
| Q3 24 | 13.6% | 15.2% | ||
| Q2 24 | 15.4% | 13.7% | ||
| Q1 24 | 13.5% | 13.5% |
净利率GTESZBRA
| Q4 25 | 6.0% | 4.7% | ||
| Q3 25 | 9.5% | 7.7% | ||
| Q2 25 | 6.4% | 8.7% | ||
| Q1 25 | 7.3% | 10.4% | ||
| Q4 24 | 4.4% | 12.2% | ||
| Q3 24 | 5.7% | 10.9% | ||
| Q2 24 | 8.0% | 9.3% | ||
| Q1 24 | 4.6% | 9.8% |
每股收益（稀释后）GTESZBRA
| Q4 25 | $0.19 | $1.40 | ||
| Q3 25 | $0.31 | $1.97 | ||
| Q2 25 | $0.22 | $2.19 | ||
| Q1 25 | $0.24 | $2.62 | ||
| Q4 24 | $0.15 | $3.14 | ||
| Q3 24 | $0.18 | $2.64 | ||
| Q2 24 | $0.26 | $2.17 | ||
| Q1 24 | $0.15 | $2.23 |
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 | $812.1M | $125.0M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $3.3B | $3.6B |
| 总资产 | $7.2B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资GTESZBRA
| Q4 25 | $812.1M | $125.0M | ||
| Q3 25 | $689.4M | $1.1B | ||
| Q2 25 | $719.7M | $872.0M | ||
| Q1 25 | $640.2M | $879.0M | ||
| Q4 24 | $682.0M | $901.0M | ||
| Q3 24 | $574.4M | $676.0M | ||
| Q2 24 | $579.7M | $411.0M | ||
| Q1 24 | $522.2M | $127.0M |
总债务GTESZBRA
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $2.3B | $2.2B | ||
| Q1 25 | $2.3B | $2.2B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.3B | $2.2B | ||
| Q1 24 | $2.3B | $2.1B |
股东权益GTESZBRA
| Q4 25 | $3.3B | $3.6B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.3B | $3.6B | ||
| Q1 25 | $3.1B | $3.6B | ||
| Q4 24 | $3.0B | $3.6B | ||
| Q3 24 | $3.1B | $3.4B | ||
| Q2 24 | $3.2B | $3.3B | ||
| Q1 24 | $3.2B | $3.2B |
总资产GTESZBRA
| Q4 25 | $7.2B | $8.5B | ||
| Q3 25 | $7.1B | $8.1B | ||
| Q2 25 | $7.2B | $7.9B | ||
| Q1 25 | $6.9B | $7.9B | ||
| Q4 24 | $6.8B | $8.0B | ||
| Q3 24 | $7.1B | $7.7B | ||
| Q2 24 | $7.0B | $7.5B | ||
| Q1 24 | $7.0B | $7.3B |
负债/权益比GTESZBRA
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | 0.58× | ||
| Q2 25 | 0.72× | 0.60× | ||
| Q1 25 | 0.75× | 0.60× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 0.76× | 0.64× | ||
| Q2 24 | 0.73× | 0.66× | ||
| Q1 24 | 0.74× | 0.66× |
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 | $269.8M | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $251.0M | $327.0M |
| 自由现金流率自由现金流/营收 | 29.3% | 22.2% |
| 资本支出强度资本支出/营收 | 2.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 5.26× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $404.9M | $831.0M |
8季度趋势，按日历期对齐
经营现金流GTESZBRA
| Q4 25 | $269.8M | $357.0M | ||
| Q3 25 | $98.0M | $235.0M | ||
| Q2 25 | $103.0M | $147.0M | ||
| Q1 25 | $7.3M | $178.0M | ||
| Q4 24 | $190.9M | $306.0M | ||
| Q3 24 | $115.9M | $294.0M | ||
| Q2 24 | $93.8M | $288.0M | ||
| Q1 24 | $-21.0M | $125.0M |
自由现金流GTESZBRA
| Q4 25 | $251.0M | $327.0M | ||
| Q3 25 | $80.5M | $216.0M | ||
| Q2 25 | $83.6M | $130.0M | ||
| Q1 25 | $-10.2M | $158.0M | ||
| Q4 24 | $167.6M | $288.0M | ||
| Q3 24 | $94.0M | $277.0M | ||
| Q2 24 | $71.9M | $278.0M | ||
| Q1 24 | $-37.0M | $111.0M |
自由现金流率GTESZBRA
| Q4 25 | 29.3% | 22.2% | ||
| Q3 25 | 9.4% | 16.4% | ||
| Q2 25 | 9.5% | 10.1% | ||
| Q1 25 | -1.2% | 12.1% | ||
| Q4 24 | 20.2% | 21.6% | ||
| Q3 24 | 11.3% | 22.1% | ||
| Q2 24 | 8.1% | 22.8% | ||
| Q1 24 | -4.3% | 9.4% |
资本支出强度GTESZBRA
| Q4 25 | 2.2% | 2.0% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 2.2% | 1.3% | ||
| Q1 25 | 2.1% | 1.5% | ||
| Q4 24 | 2.8% | 1.3% | ||
| Q3 24 | 2.6% | 1.4% | ||
| Q2 24 | 2.5% | 0.8% | ||
| Q1 24 | 1.9% | 1.2% |
现金转化率GTESZBRA
| Q4 25 | 5.26× | 5.10× | ||
| Q3 25 | 1.20× | 2.33× | ||
| Q2 25 | 1.82× | 1.31× | ||
| Q1 25 | 0.12× | 1.31× | ||
| Q4 24 | 5.22× | 1.88× | ||
| Q3 24 | 2.43× | 2.15× | ||
| Q2 24 | 1.33× | 2.55× | ||
| Q1 24 | -0.53× | 1.09× |
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
GTES
| Power Transmission Segment | $536.5M | 63% |
| Fluid Power Segment | $319.7M | 37% |
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
