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固安捷（GWW）与M&T Bank（MTB）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M&T Bank的1.8倍（$4.4B vs $2.5B），M&T Bank净利率更高（30.7% vs 10.2%，领先20.5%），固安捷同比增速更快（4.5% vs 3.8%），过去两年M&T Bank的营收复合增速更高（4.6% vs 2.2%）
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。
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
GWW vs MTB — 直观对比
营收规模更大
GWW
是对方的1.8倍
$2.5B
营收增速更快
GWW
高出0.8%
3.8%
净利率更高
MTB
高出20.5%
10.2%
两年增速更快
MTB
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $2.5B |
| 净利润 | $451.0M | $759.0M |
| 毛利率 | 39.5% | — |
| 营业利润率 | 14.3% | 39.2% |
| 净利率 | 10.2% | 30.7% |
| 营收同比 | 4.5% | 3.8% |
| 净利润同比 | -5.1% | 11.5% |
| 每股收益（稀释后） | $9.45 | $4.62 |
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GWWMTB
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $4.7B | $2.5B | ||
| Q2 25 | $4.6B | $2.4B | ||
| Q1 25 | $4.3B | $2.3B | ||
| Q4 24 | $4.2B | $2.4B | ||
| Q3 24 | $4.4B | $2.3B | ||
| Q2 24 | $4.3B | $2.3B | ||
| Q1 24 | $4.2B | $2.3B |
净利润GWWMTB
| Q4 25 | $451.0M | $759.0M | ||
| Q3 25 | $294.0M | $792.0M | ||
| Q2 25 | $482.0M | $716.0M | ||
| Q1 25 | $479.0M | $584.0M | ||
| Q4 24 | $475.0M | $681.0M | ||
| Q3 24 | $486.0M | $721.0M | ||
| Q2 24 | $470.0M | $655.0M | ||
| Q1 24 | $478.0M | $531.0M |
毛利率GWWMTB
| Q4 25 | 39.5% | — | ||
| Q3 25 | 38.6% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 39.6% | — | ||
| Q3 24 | 39.2% | — | ||
| Q2 24 | 39.3% | — | ||
| Q1 24 | 39.4% | — |
营业利润率GWWMTB
| Q4 25 | 14.3% | 39.2% | ||
| Q3 25 | 11.0% | 40.8% | ||
| Q2 25 | 14.9% | 39.0% | ||
| Q1 25 | 15.6% | 33.0% | ||
| Q4 24 | 15.0% | 37.0% | ||
| Q3 24 | 15.6% | 39.0% | ||
| Q2 24 | 15.1% | 37.1% | ||
| Q1 24 | 15.8% | 29.4% |
净利率GWWMTB
| Q4 25 | 10.2% | 30.7% | ||
| Q3 25 | 6.3% | 31.5% | ||
| Q2 25 | 10.6% | 29.9% | ||
| Q1 25 | 11.1% | 25.3% | ||
| Q4 24 | 11.2% | 28.6% | ||
| Q3 24 | 11.1% | 30.9% | ||
| Q2 24 | 10.9% | 28.5% | ||
| Q1 24 | 11.3% | 23.5% |
每股收益（稀释后）GWWMTB
| Q4 25 | $9.45 | $4.62 | ||
| Q3 25 | $6.12 | $4.82 | ||
| Q2 25 | $9.97 | $4.24 | ||
| Q1 25 | $9.86 | $3.32 | ||
| Q4 24 | $9.71 | $3.87 | ||
| Q3 24 | $9.87 | $4.02 | ||
| Q2 24 | $9.51 | $3.73 | ||
| Q1 24 | $9.62 | $3.02 |
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 | $10.9B |
| 股东权益账面价值 | $3.7B | $29.2B |
| 总资产 | $9.0B | $213.5B |
| 负债/权益比越低杠杆越低 | 0.67× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资GWWMTB
| 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GWWMTB
| Q4 25 | $2.5B | $10.9B | ||
| Q3 25 | $2.4B | $12.9B | ||
| Q2 25 | $2.3B | $12.4B | ||
| Q1 25 | $2.3B | $10.5B | ||
| Q4 24 | $2.8B | $12.6B | ||
| Q3 24 | $2.3B | $11.6B | ||
| Q2 24 | $1.8B | $11.3B | ||
| Q1 24 | $1.8B | $11.4B |
股东权益GWWMTB
| Q4 25 | $3.7B | $29.2B | ||
| Q3 25 | $3.6B | $28.7B | ||
| Q2 25 | $3.7B | $28.5B | ||
| Q1 25 | $3.5B | $29.0B | ||
| Q4 24 | $3.4B | $29.0B | ||
| Q3 24 | $3.5B | $28.9B | ||
| Q2 24 | $3.3B | $28.4B | ||
| Q1 24 | $3.2B | $27.2B |
总资产GWWMTB
| Q4 25 | $9.0B | $213.5B | ||
| Q3 25 | $8.8B | $211.3B | ||
| Q2 25 | $8.9B | $211.6B | ||
| Q1 25 | $8.7B | $210.3B | ||
| Q4 24 | $8.8B | $208.1B | ||
| Q3 24 | $9.1B | $211.8B | ||
| Q2 24 | $8.4B | $208.9B | ||
| Q1 24 | $8.4B | $215.1B |
负债/权益比GWWMTB
| Q4 25 | 0.67× | 0.37× | ||
| Q3 25 | 0.67× | 0.45× | ||
| Q2 25 | 0.64× | 0.43× | ||
| Q1 25 | 0.66× | 0.36× | ||
| Q4 24 | 0.83× | 0.43× | ||
| Q3 24 | 0.65× | 0.40× | ||
| Q2 24 | 0.54× | 0.40× | ||
| Q1 24 | 0.56× | 0.42× |
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 | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $269.0M | — |
| 自由现金流率自由现金流/营收 | 6.1% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | 0.88× | 3.96× |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流GWWMTB
| Q4 25 | $395.0M | $3.0B | ||
| Q3 25 | $597.0M | $1.0B | ||
| Q2 25 | $377.0M | $844.0M | ||
| Q1 25 | $646.0M | $635.0M | ||
| Q4 24 | $428.0M | $3.6B | ||
| Q3 24 | $611.0M | $-28.0M | ||
| Q2 24 | $411.0M | $1.4B | ||
| Q1 24 | $661.0M | $608.0M |
自由现金流GWWMTB
| Q4 25 | $269.0M | — | ||
| Q3 25 | $339.0M | — | ||
| Q2 25 | $202.0M | — | ||
| Q1 25 | $521.0M | — | ||
| Q4 24 | $170.0M | — | ||
| Q3 24 | $523.0M | — | ||
| Q2 24 | $335.0M | — | ||
| Q1 24 | $542.0M | — |
自由现金流率GWWMTB
| Q4 25 | 6.1% | — | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 7.8% | — | ||
| Q1 24 | 12.8% | — |
资本支出强度GWWMTB
| Q4 25 | 2.8% | — | ||
| Q3 25 | 5.5% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 2.8% | — |
现金转化率GWWMTB
| Q4 25 | 0.88× | 3.96× | ||
| Q3 25 | 2.03× | 1.26× | ||
| Q2 25 | 0.78× | 1.18× | ||
| Q1 25 | 1.35× | 1.09× | ||
| Q4 24 | 0.90× | 5.30× | ||
| Q3 24 | 1.26× | -0.04× | ||
| Q2 24 | 0.87× | 2.07× | ||
| Q1 24 | 1.38× | 1.15× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
