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固安捷（GWW）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.7倍（$4.4B vs $2.7B），固安捷净利率更高（10.2% vs -1.4%，领先11.6%），固安捷同比增速更快（4.5% vs -9.1%），固安捷自由现金流更多（$269.0M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
GWW vs QVCGA — 直观对比
营收规模更大
GWW
是对方的1.7倍
$2.7B
营收增速更快
GWW
高出13.6%
-9.1%
净利率更高
GWW
高出11.6%
-1.4%
自由现金流更多
GWW
多$78.0M
$191.0M
两年增速更快
QVCGA
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $2.7B |
| 净利润 | $451.0M | $-37.0M |
| 毛利率 | 39.5% | 32.9% |
| 营业利润率 | 14.3% | 3.7% |
| 净利率 | 10.2% | -1.4% |
| 营收同比 | 4.5% | -9.1% |
| 净利润同比 | -5.1% | 97.1% |
| 每股收益（稀释后） | $9.45 | $-17.37 |
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GWWQVCGA
| Q4 25 | $4.4B | $2.7B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.6B | $2.2B | ||
| Q1 25 | $4.3B | $2.1B | ||
| Q4 24 | $4.2B | $2.9B | ||
| Q3 24 | $4.4B | $2.3B | ||
| Q2 24 | $4.3B | $2.4B | ||
| Q1 24 | $4.2B | $2.3B |
净利润GWWQVCGA
| Q4 25 | $451.0M | $-37.0M | ||
| Q3 25 | $294.0M | $-80.0M | ||
| Q2 25 | $482.0M | $-2.2B | ||
| Q1 25 | $479.0M | $-100.0M | ||
| Q4 24 | $475.0M | $-1.3B | ||
| Q3 24 | $486.0M | $-23.0M | ||
| Q2 24 | $470.0M | $20.0M | ||
| Q1 24 | $478.0M | $-1.0M |
毛利率GWWQVCGA
| Q4 25 | 39.5% | 32.9% | ||
| Q3 25 | 38.6% | 34.0% | ||
| Q2 25 | 38.5% | 36.4% | ||
| Q1 25 | 39.7% | 34.2% | ||
| Q4 24 | 39.6% | 33.3% | ||
| Q3 24 | 39.2% | 35.3% | ||
| Q2 24 | 39.3% | 36.4% | ||
| Q1 24 | 39.4% | 35.5% |
营业利润率GWWQVCGA
| Q4 25 | 14.3% | 3.7% | ||
| Q3 25 | 11.0% | 2.7% | ||
| Q2 25 | 14.9% | -101.6% | ||
| Q1 25 | 15.6% | 0.7% | ||
| Q4 24 | 15.0% | -43.2% | ||
| Q3 24 | 15.6% | 6.5% | ||
| Q2 24 | 15.1% | 6.9% | ||
| Q1 24 | 15.8% | 6.2% |
净利率GWWQVCGA
| Q4 25 | 10.2% | -1.4% | ||
| Q3 25 | 6.3% | -3.6% | ||
| Q2 25 | 10.6% | -99.4% | ||
| Q1 25 | 11.1% | -4.8% | ||
| Q4 24 | 11.2% | -43.7% | ||
| Q3 24 | 11.1% | -1.0% | ||
| Q2 24 | 10.9% | 0.8% | ||
| Q1 24 | 11.3% | -0.0% |
每股收益（稀释后）GWWQVCGA
| Q4 25 | $9.45 | $-17.37 | ||
| Q3 25 | $6.12 | $-9.89 | ||
| Q2 25 | $9.97 | $-275.46 | ||
| Q1 25 | $9.86 | $-0.25 | ||
| Q4 24 | $9.71 | — | ||
| Q3 24 | $9.87 | $-0.06 | ||
| Q2 24 | $9.51 | $2.57 | ||
| 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 | $2.0B |
| 总债务越低越好 | $2.5B | $790.0M |
| 股东权益账面价值 | $3.7B | $-3.1B |
| 总资产 | $9.0B | $7.6B |
| 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GWWQVCGA
| Q4 25 | $585.0M | $2.0B | ||
| Q3 25 | $535.0M | $1.8B | ||
| Q2 25 | $597.0M | $897.0M | ||
| Q1 25 | $666.0M | $833.0M | ||
| Q4 24 | $1.0B | $905.0M | ||
| Q3 24 | $1.4B | $873.0M | ||
| Q2 24 | $769.0M | $1.2B | ||
| Q1 24 | $804.0M | $1.1B |
总债务GWWQVCGA
| Q4 25 | $2.5B | $790.0M | ||
| Q3 25 | $2.4B | $5.9B | ||
| Q2 25 | $2.3B | $4.9B | ||
| Q1 25 | $2.3B | $5.0B | ||
| Q4 24 | $2.8B | $4.1B | ||
| Q3 24 | $2.3B | $5.1B | ||
| Q2 24 | $1.8B | $5.3B | ||
| Q1 24 | $1.8B | $5.5B |
股东权益GWWQVCGA
| Q4 25 | $3.7B | $-3.1B | ||
| Q3 25 | $3.6B | $-3.1B | ||
| Q2 25 | $3.7B | $-3.0B | ||
| Q1 25 | $3.5B | $-981.0M | ||
| Q4 24 | $3.4B | $-971.0M | ||
| Q3 24 | $3.5B | $397.0M | ||
| Q2 24 | $3.3B | $328.0M | ||
| Q1 24 | $3.2B | $255.0M |
总资产GWWQVCGA
| Q4 25 | $9.0B | $7.6B | ||
| Q3 25 | $8.8B | $7.6B | ||
| Q2 25 | $8.9B | $6.7B | ||
| Q1 25 | $8.7B | $9.0B | ||
| Q4 24 | $8.8B | $9.2B | ||
| Q3 24 | $9.1B | $10.8B | ||
| Q2 24 | $8.4B | $10.9B | ||
| Q1 24 | $8.4B | $11.0B |
负债/权益比GWWQVCGA
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.67× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.65× | 12.74× | ||
| Q2 24 | 0.54× | 16.28× | ||
| Q1 24 | 0.56× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $269.0M | $191.0M |
| 自由现金流率自由现金流/营收 | 6.1% | 7.1% |
| 资本支出强度资本支出/营收 | 2.8% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $118.0M |
8季度趋势，按日历期对齐
经营现金流GWWQVCGA
| Q4 25 | $395.0M | $244.0M | ||
| Q3 25 | $597.0M | $4.0M | ||
| Q2 25 | $377.0M | $86.0M | ||
| Q1 25 | $646.0M | $-60.0M | ||
| Q4 24 | $428.0M | $212.0M | ||
| Q3 24 | $611.0M | $20.0M | ||
| Q2 24 | $411.0M | $267.0M | ||
| Q1 24 | $661.0M | $26.0M |
自由现金流GWWQVCGA
| Q4 25 | $269.0M | $191.0M | ||
| Q3 25 | $339.0M | $-27.0M | ||
| Q2 25 | $202.0M | $48.0M | ||
| Q1 25 | $521.0M | $-94.0M | ||
| Q4 24 | $170.0M | $150.0M | ||
| Q3 24 | $523.0M | $-23.0M | ||
| Q2 24 | $335.0M | $213.0M | ||
| Q1 24 | $542.0M | $-14.0M |
自由现金流率GWWQVCGA
| Q4 25 | 6.1% | 7.1% | ||
| Q3 25 | 7.3% | -1.2% | ||
| Q2 25 | 4.4% | 2.1% | ||
| Q1 25 | 12.1% | -4.5% | ||
| Q4 24 | 4.0% | 5.1% | ||
| Q3 24 | 11.9% | -1.0% | ||
| Q2 24 | 7.8% | 8.8% | ||
| Q1 24 | 12.8% | -0.6% |
资本支出强度GWWQVCGA
| Q4 25 | 2.8% | 2.0% | ||
| Q3 25 | 5.5% | 1.4% | ||
| Q2 25 | 3.8% | 1.7% | ||
| Q1 25 | 2.9% | 1.6% | ||
| Q4 24 | 6.1% | 2.1% | ||
| Q3 24 | 2.0% | 1.8% | ||
| Q2 24 | 1.8% | 2.2% | ||
| Q1 24 | 2.8% | 1.7% |
现金转化率GWWQVCGA
| Q4 25 | 0.88× | — | ||
| Q3 25 | 2.03× | — | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | 1.35× | — | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | 0.87× | 13.35× | ||
| Q1 24 | 1.38× | — |
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
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
