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GRANITE CONSTRUCTION INC（GVA）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
GRANITE CONSTRUCTION INC的季度营收约是Woodward, Inc.的1.2倍（$1.2B vs $996.5M），Woodward, Inc.净利率更高（13.4% vs 4.5%，领先9.0%），Woodward, Inc.同比增速更快（29.0% vs 19.2%），GRANITE CONSTRUCTION INC自由现金流更多（$128.8M vs $70.3M），过去两年GRANITE CONSTRUCTION INC的营收复合增速更高（31.7% vs 9.2%）
Granite Construction Inc.是美国民用建筑企业及建筑骨料生产商，为标普600指数成分股，创始地及总部位于加利福尼亚州沃森维尔，是Granite Construction Company的母公司。公司主营重型民用建筑承包与建筑骨料生产，在美国西部多州持有或租赁采石场，主要开采砂、砾石、碎石等产品。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
GVA vs WWD — 直观对比
营收规模更大
GVA
是对方的1.2倍
$996.5M
营收增速更快
WWD
高出9.7%
19.2%
净利率更高
WWD
高出9.0%
4.5%
自由现金流更多
GVA
多$58.5M
$70.3M
两年增速更快
GVA
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $996.5M |
| 净利润 | $52.0M | $133.7M |
| 毛利率 | 14.4% | 29.3% |
| 营业利润率 | 6.4% | 17.0% |
| 净利率 | 4.5% | 13.4% |
| 营收同比 | 19.2% | 29.0% |
| 净利润同比 | 25.4% | 53.5% |
| 每股收益（稀释后） | $1.23 | $2.17 |
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GVAWWD
| Q4 25 | $1.2B | $996.5M | ||
| Q3 25 | $1.4B | $995.3M | ||
| Q2 25 | $1.1B | $915.4M | ||
| Q1 25 | $699.5M | $883.6M | ||
| Q4 24 | $977.3M | $772.7M | ||
| Q3 24 | $1.3B | $854.5M | ||
| Q2 24 | $1.1B | $847.7M | ||
| Q1 24 | $672.3M | $835.3M |
净利润GVAWWD
| Q4 25 | $52.0M | $133.7M | ||
| Q3 25 | $102.9M | $137.6M | ||
| Q2 25 | $71.7M | $108.4M | ||
| Q1 25 | $-33.7M | $108.9M | ||
| Q4 24 | $41.5M | $87.1M | ||
| Q3 24 | $79.0M | $83.3M | ||
| Q2 24 | $36.9M | $102.1M | ||
| Q1 24 | $-31.0M | $97.6M |
毛利率GVAWWD
| Q4 25 | 14.4% | 29.3% | ||
| Q3 25 | 18.2% | 27.9% | ||
| Q2 25 | 17.7% | 27.2% | ||
| Q1 25 | 12.0% | 27.2% | ||
| Q4 24 | 15.4% | 24.5% | ||
| Q3 24 | 15.9% | 24.3% | ||
| Q2 24 | 15.2% | 27.1% | ||
| Q1 24 | 8.1% | 28.1% |
营业利润率GVAWWD
| Q4 25 | 6.4% | 17.0% | ||
| Q3 25 | 10.0% | 16.1% | ||
| Q2 25 | 9.2% | 13.9% | ||
| Q1 25 | -5.7% | 15.0% | ||
| Q4 24 | 6.2% | 13.2% | ||
| Q3 24 | 8.2% | 11.9% | ||
| Q2 24 | 7.9% | 14.4% | ||
| Q1 24 | -6.4% | 14.4% |
净利率GVAWWD
| Q4 25 | 4.5% | 13.4% | ||
| Q3 25 | 7.2% | 13.8% | ||
| Q2 25 | 6.4% | 11.8% | ||
| Q1 25 | -4.8% | 12.3% | ||
| Q4 24 | 4.2% | 11.3% | ||
| Q3 24 | 6.2% | 9.7% | ||
| Q2 24 | 3.4% | 12.0% | ||
| Q1 24 | -4.6% | 11.7% |
每股收益（稀释后）GVAWWD
| Q4 25 | $1.23 | $2.17 | ||
| Q3 25 | $1.98 | $2.23 | ||
| Q2 25 | $1.42 | $1.76 | ||
| Q1 25 | $-0.77 | $1.78 | ||
| Q4 24 | $0.99 | $1.42 | ||
| Q3 24 | $1.57 | $1.36 | ||
| Q2 24 | $0.76 | $1.63 | ||
| Q1 24 | $-0.70 | $1.56 |
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 | $600.2M | $454.2M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $1.2B | $2.6B |
| 总资产 | $4.0B | $4.7B |
| 负债/权益比越低杠杆越低 | 1.14× | — |
8季度趋势，按日历期对齐
现金及短期投资GVAWWD
| Q4 25 | $600.2M | $454.2M | ||
| Q3 25 | $547.2M | $327.4M | ||
| Q2 25 | $385.3M | $473.2M | ||
| Q1 25 | $422.8M | $364.1M | ||
| Q4 24 | $585.6M | $283.7M | ||
| Q3 24 | $472.4M | $282.3M | ||
| Q2 24 | $377.2M | $308.3M | ||
| Q1 24 | $337.3M | $316.9M |
总债务GVAWWD
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $579.9M | ||
| Q2 25 | $740.4M | — | ||
| Q1 25 | $739.7M | — | ||
| Q4 24 | $739.0M | — | ||
| Q3 24 | $738.6M | $655.5M | ||
| Q2 24 | $738.9M | — | ||
| Q1 24 | $553.2M | — |
股东权益GVAWWD
| Q4 25 | $1.2B | $2.6B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $993.5M | $2.3B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $931.7M | $2.2B | ||
| Q1 24 | $946.5M | $2.3B |
总资产GVAWWD
| Q4 25 | $4.0B | $4.7B | ||
| Q3 25 | $4.1B | $4.6B | ||
| Q2 25 | $3.1B | $4.7B | ||
| Q1 25 | $2.9B | $4.5B | ||
| Q4 24 | $3.0B | $4.3B | ||
| Q3 24 | $3.1B | $4.4B | ||
| Q2 24 | $2.9B | $4.3B | ||
| Q1 24 | $2.6B | $4.4B |
负债/权益比GVAWWD
| Q4 25 | 1.14× | — | ||
| Q3 25 | 1.16× | 0.23× | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.73× | 0.30× | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 0.58× | — |
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 | $179.3M | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $70.3M |
| 自由现金流率自由现金流/营收 | 11.0% | 7.1% |
| 资本支出强度资本支出/营收 | 4.3% | 4.4% |
| 现金转化率经营现金流/净利润 | 3.45× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $330.6M | $409.7M |
8季度趋势，按日历期对齐
经营现金流GVAWWD
| Q4 25 | $179.3M | $114.4M | ||
| Q3 25 | $284.2M | $233.3M | ||
| Q2 25 | $1.8M | $125.6M | ||
| Q1 25 | $3.6M | $77.8M | ||
| Q4 24 | $172.8M | $34.5M | ||
| Q3 24 | $261.5M | $141.8M | ||
| Q2 24 | $-2.0M | $153.2M | ||
| Q1 24 | $24.1M | $97.3M |
自由现金流GVAWWD
| Q4 25 | $128.8M | $70.3M | ||
| Q3 25 | $257.5M | $180.9M | ||
| Q2 25 | $-27.0M | $99.1M | ||
| Q1 25 | $-28.6M | $59.4M | ||
| Q4 24 | $144.6M | $942.0K | ||
| Q3 24 | $220.2M | $117.7M | ||
| Q2 24 | $-41.0M | $137.3M | ||
| Q1 24 | $-3.8M | $82.8M |
自由现金流率GVAWWD
| Q4 25 | 11.0% | 7.1% | ||
| Q3 25 | 18.0% | 18.2% | ||
| Q2 25 | -2.4% | 10.8% | ||
| Q1 25 | -4.1% | 6.7% | ||
| Q4 24 | 14.8% | 0.1% | ||
| Q3 24 | 17.3% | 13.8% | ||
| Q2 24 | -3.8% | 16.2% | ||
| Q1 24 | -0.6% | 9.9% |
资本支出强度GVAWWD
| Q4 25 | 4.3% | 4.4% | ||
| Q3 25 | 1.9% | 5.3% | ||
| Q2 25 | 2.6% | 2.9% | ||
| Q1 25 | 4.6% | 2.1% | ||
| Q4 24 | 2.9% | 4.3% | ||
| Q3 24 | 3.2% | 2.8% | ||
| Q2 24 | 3.6% | 1.9% | ||
| Q1 24 | 4.1% | 1.7% |
现金转化率GVAWWD
| Q4 25 | 3.45× | 0.86× | ||
| Q3 25 | 2.76× | 1.70× | ||
| Q2 25 | 0.02× | 1.16× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 4.17× | 0.40× | ||
| Q3 24 | 3.31× | 1.70× | ||
| Q2 24 | -0.05× | 1.50× | ||
| Q1 24 | — | 1.00× |
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
GVA
| Public | $680.2M | 58% |
| Private | $260.1M | 22% |
| Asphalt | $116.9M | 10% |
| Aggregates | $107.9M | 9% |
| Collaborative Arrangement | $7.0M | 1% |
| Performance Obligations | $3.5M | 0% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
