vs
固安捷（GWW）与好时（HSY）财务数据对比。点击上方公司名可切换其他公司
固安捷的季度营收约是好时的1.4倍（$4.4B vs $3.1B），好时净利率更高（10.4% vs 10.2%，领先0.2%），好时同比增速更快（7.0% vs 4.5%），好时自由现金流更多（$788.5M vs $269.0M），过去两年固安捷的营收复合增速更高（2.2% vs -2.5%）
W.W. Grainger（固安捷）是1927年在芝加哥成立的美国财富500强工业用品供应商，最初以稳定供应电机为创立初衷，目前服务全球超450万客户，主营电机、照明、物料搬运设备、紧固件、管件、工具、安防用品等，还提供库存管理及技术支持服务。
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
GWW vs HSY — 直观对比
营收规模更大
GWW
是对方的1.4倍
$3.1B
营收增速更快
HSY
高出2.5%
4.5%
净利率更高
HSY
高出0.2%
10.2%
自由现金流更多
HSY
多$519.5M
$269.0M
两年增速更快
GWW
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $3.1B |
| 净利润 | $451.0M | $320.0M |
| 毛利率 | 39.5% | 37.0% |
| 营业利润率 | 14.3% | 14.4% |
| 净利率 | 10.2% | 10.4% |
| 营收同比 | 4.5% | 7.0% |
| 净利润同比 | -5.1% | -59.8% |
| 每股收益（稀释后） | $9.45 | — |
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GWWHSY
| Q4 25 | $4.4B | $3.1B | ||
| Q3 25 | $4.7B | $3.2B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $4.3B | $2.8B | ||
| Q4 24 | $4.2B | $2.9B | ||
| Q3 24 | $4.4B | $3.0B | ||
| Q2 24 | $4.3B | $2.1B | ||
| Q1 24 | $4.2B | $3.3B |
净利润GWWHSY
| Q4 25 | $451.0M | $320.0M | ||
| Q3 25 | $294.0M | $276.3M | ||
| Q2 25 | $482.0M | $62.7M | ||
| Q1 25 | $479.0M | $224.2M | ||
| Q4 24 | $475.0M | $796.6M | ||
| Q3 24 | $486.0M | $446.3M | ||
| Q2 24 | $470.0M | $180.9M | ||
| Q1 24 | $478.0M | $797.5M |
毛利率GWWHSY
| Q4 25 | 39.5% | 37.0% | ||
| Q3 25 | 38.6% | 32.6% | ||
| Q2 25 | 38.5% | 30.5% | ||
| Q1 25 | 39.7% | 33.7% | ||
| Q4 24 | 39.6% | 54.0% | ||
| Q3 24 | 39.2% | 41.3% | ||
| Q2 24 | 39.3% | 40.2% | ||
| Q1 24 | 39.4% | 51.5% |
营业利润率GWWHSY
| Q4 25 | 14.3% | 14.4% | ||
| Q3 25 | 11.0% | 13.7% | ||
| Q2 25 | 14.9% | 7.4% | ||
| Q1 25 | 15.6% | 13.2% | ||
| Q4 24 | 15.0% | 32.5% | ||
| Q3 24 | 15.6% | 20.5% | ||
| Q2 24 | 15.1% | 13.9% | ||
| Q1 24 | 15.8% | 32.5% |
净利率GWWHSY
| Q4 25 | 10.2% | 10.4% | ||
| Q3 25 | 6.3% | 8.7% | ||
| Q2 25 | 10.6% | 2.4% | ||
| Q1 25 | 11.1% | 8.0% | ||
| Q4 24 | 11.2% | 27.6% | ||
| Q3 24 | 11.1% | 14.9% | ||
| Q2 24 | 10.9% | 8.7% | ||
| Q1 24 | 11.3% | 24.5% |
每股收益（稀释后）GWWHSY
| Q4 25 | $9.45 | — | ||
| Q3 25 | $6.12 | — | ||
| Q2 25 | $9.97 | — | ||
| Q1 25 | $9.86 | — | ||
| Q4 24 | $9.71 | — | ||
| Q3 24 | $9.87 | — | ||
| Q2 24 | $9.51 | — | ||
| Q1 24 | $9.62 | — |
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 | $585.0M | — |
| 总债务越低越好 | $2.5B | $4.7B |
| 股东权益账面价值 | $3.7B | $4.6B |
| 总资产 | $9.0B | $13.7B |
| 负债/权益比越低杠杆越低 | 0.67× | 1.01× |
8季度趋势，按日历期对齐
现金及短期投资GWWHSY
| Q4 25 | $585.0M | — | ||
| Q3 25 | $535.0M | — | ||
| Q2 25 | $597.0M | — | ||
| Q1 25 | $666.0M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $769.0M | — | ||
| Q1 24 | $804.0M | — |
总债务GWWHSY
| Q4 25 | $2.5B | $4.7B | ||
| Q3 25 | $2.4B | $4.7B | ||
| Q2 25 | $2.3B | $5.2B | ||
| Q1 25 | $2.3B | $5.2B | ||
| Q4 24 | $2.8B | $3.2B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $1.8B | $3.5B | ||
| Q1 24 | $1.8B | $3.8B |
股东权益GWWHSY
| Q4 25 | $3.7B | $4.6B | ||
| Q3 25 | $3.6B | $4.6B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.5B | $4.7B | ||
| Q4 24 | $3.4B | $4.7B | ||
| Q3 24 | $3.5B | $4.2B | ||
| Q2 24 | $3.3B | $4.0B | ||
| Q1 24 | $3.2B | $4.1B |
总资产GWWHSY
| Q4 25 | $9.0B | $13.7B | ||
| Q3 25 | $8.8B | $13.6B | ||
| Q2 25 | $8.9B | $13.6B | ||
| Q1 25 | $8.7B | $14.0B | ||
| Q4 24 | $8.8B | $12.9B | ||
| Q3 24 | $9.1B | $12.6B | ||
| Q2 24 | $8.4B | $12.4B | ||
| Q1 24 | $8.4B | $12.4B |
负债/权益比GWWHSY
| Q4 25 | 0.67× | 1.01× | ||
| Q3 25 | 0.67× | 1.02× | ||
| Q2 25 | 0.64× | 1.15× | ||
| Q1 25 | 0.66× | 1.11× | ||
| Q4 24 | 0.83× | 0.68× | ||
| Q3 24 | 0.65× | 0.76× | ||
| Q2 24 | 0.54× | 0.87× | ||
| Q1 24 | 0.56× | 0.92× |
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 | $395.0M | $926.6M |
| 自由现金流经营现金流 - 资本支出 | $269.0M | $788.5M |
| 自由现金流率自由现金流/营收 | 6.1% | 25.5% |
| 资本支出强度资本支出/营收 | 2.8% | 4.5% |
| 现金转化率经营现金流/净利润 | 0.88× | 2.90× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $1.8B |
8季度趋势，按日历期对齐
经营现金流GWWHSY
| Q4 25 | $395.0M | $926.6M | ||
| Q3 25 | $597.0M | $841.9M | ||
| Q2 25 | $377.0M | $112.2M | ||
| Q1 25 | $646.0M | $396.7M | ||
| Q4 24 | $428.0M | $941.6M | ||
| Q3 24 | $611.0M | $695.3M | ||
| Q2 24 | $411.0M | $325.6M | ||
| Q1 24 | $661.0M | $569.1M |
自由现金流GWWHSY
| Q4 25 | $269.0M | $788.5M | ||
| Q3 25 | $339.0M | $756.0M | ||
| Q2 25 | $202.0M | $27.1M | ||
| Q1 25 | $521.0M | $251.2M | ||
| Q4 24 | $170.0M | $807.1M | ||
| Q3 24 | $523.0M | $567.3M | ||
| Q2 24 | $335.0M | $195.5M | ||
| Q1 24 | $542.0M | $355.8M |
自由现金流率GWWHSY
| Q4 25 | 6.1% | 25.5% | ||
| Q3 25 | 7.3% | 23.8% | ||
| Q2 25 | 4.4% | 1.0% | ||
| Q1 25 | 12.1% | 9.0% | ||
| Q4 24 | 4.0% | 28.0% | ||
| Q3 24 | 11.9% | 19.0% | ||
| Q2 24 | 7.8% | 9.4% | ||
| Q1 24 | 12.8% | 10.9% |
资本支出强度GWWHSY
| Q4 25 | 2.8% | 4.5% | ||
| Q3 25 | 5.5% | 2.7% | ||
| Q2 25 | 3.8% | 3.3% | ||
| Q1 25 | 2.9% | 5.2% | ||
| Q4 24 | 6.1% | 4.7% | ||
| Q3 24 | 2.0% | 4.3% | ||
| Q2 24 | 1.8% | 6.3% | ||
| Q1 24 | 2.8% | 6.6% |
现金转化率GWWHSY
| Q4 25 | 0.88× | 2.90× | ||
| Q3 25 | 2.03× | 3.05× | ||
| Q2 25 | 0.78× | 1.79× | ||
| Q1 25 | 1.35× | 1.77× | ||
| Q4 24 | 0.90× | 1.18× | ||
| Q3 24 | 1.26× | 1.56× | ||
| Q2 24 | 0.87× | 1.80× | ||
| Q1 24 | 1.38× | 0.71× |
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
GWW
暂无分部数据
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
