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固安捷（GWW）与摩森康胜饮品公司（TAP）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摩森康胜饮品公司的1.4倍（$4.4B vs $3.1B），固安捷净利率更高（10.2% vs 7.6%，领先2.6%），固安捷同比增速更快（4.5% vs -3.6%），摩森康胜饮品公司自由现金流更多（$357.8M vs $269.0M），过去两年固安捷的营收复合增速更高（2.2% vs 1.2%）
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。
摩森康胜饮品公司是一家美加合资的跨国饮料酿造企业，旗下拥有多款知名酒精及非酒精饮品产品线，业务覆盖全球多个国家和地区，目前在伊利诺伊州芝加哥与魁北克省蒙特利尔设有双总部。
GWW vs TAP — 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
GWW
高出8.2%
-3.6%
净利率更高
GWW
高出2.6%
7.6%
自由现金流更多
TAP
多$88.8M
$269.0M
两年增速更快
GWW
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $3.1B |
| 净利润 | $451.0M | $238.3M |
| 毛利率 | 39.5% | 31.0% |
| 营业利润率 | 14.3% | 10.4% |
| 净利率 | 10.2% | 7.6% |
| 营收同比 | 4.5% | -3.6% |
| 净利润同比 | -5.1% | -17.2% |
| 每股收益（稀释后） | $9.45 | $1.32 |
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GWWTAP
| Q4 25 | $4.4B | $3.1B | ||
| Q3 25 | $4.7B | $3.5B | ||
| Q2 25 | $4.6B | $3.7B | ||
| Q1 25 | $4.3B | $2.7B | ||
| Q4 24 | $4.2B | $3.2B | ||
| Q3 24 | $4.4B | $3.6B | ||
| Q2 24 | $4.3B | $3.8B | ||
| Q1 24 | $4.2B | $3.0B |
净利润GWWTAP
| Q4 25 | $451.0M | $238.3M | ||
| Q3 25 | $294.0M | $-2.9B | ||
| Q2 25 | $482.0M | $428.7M | ||
| Q1 25 | $479.0M | $121.0M | ||
| Q4 24 | $475.0M | $287.8M | ||
| Q3 24 | $486.0M | $199.8M | ||
| Q2 24 | $470.0M | $427.0M | ||
| Q1 24 | $478.0M | $207.8M |
毛利率GWWTAP
| Q4 25 | 39.5% | 31.0% | ||
| Q3 25 | 38.6% | 33.7% | ||
| Q2 25 | 38.5% | 34.3% | ||
| Q1 25 | 39.7% | 31.6% | ||
| Q4 24 | 39.6% | 32.0% | ||
| Q3 24 | 39.2% | 33.4% | ||
| Q2 24 | 39.3% | 34.6% | ||
| Q1 24 | 39.4% | 31.6% |
营业利润率GWWTAP
| Q4 25 | 14.3% | 10.4% | ||
| Q3 25 | 11.0% | -98.5% | ||
| Q2 25 | 14.9% | 15.6% | ||
| Q1 25 | 15.6% | 6.9% | ||
| Q4 24 | 15.0% | 12.0% | ||
| Q3 24 | 15.6% | 12.5% | ||
| Q2 24 | 15.1% | 15.6% | ||
| Q1 24 | 15.8% | 10.3% |
净利率GWWTAP
| Q4 25 | 10.2% | 7.6% | ||
| Q3 25 | 6.3% | -84.0% | ||
| Q2 25 | 10.6% | 11.5% | ||
| Q1 25 | 11.1% | 4.5% | ||
| Q4 24 | 11.2% | 8.9% | ||
| Q3 24 | 11.1% | 5.5% | ||
| Q2 24 | 10.9% | 11.1% | ||
| Q1 24 | 11.3% | 6.8% |
每股收益（稀释后）GWWTAP
| Q4 25 | $9.45 | $1.32 | ||
| Q3 25 | $6.12 | $-14.79 | ||
| Q2 25 | $9.97 | $2.13 | ||
| Q1 25 | $9.86 | $0.59 | ||
| Q4 24 | $9.71 | $1.39 | ||
| Q3 24 | $9.87 | $0.96 | ||
| Q2 24 | $9.51 | $2.03 | ||
| Q1 24 | $9.62 | $0.97 |
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 | $896.5M |
| 总债务越低越好 | $2.5B | $6.3B |
| 股东权益账面价值 | $3.7B | $10.2B |
| 总资产 | $9.0B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.67× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资GWWTAP
| Q4 25 | $585.0M | $896.5M | ||
| Q3 25 | $535.0M | $950.2M | ||
| Q2 25 | $597.0M | $613.8M | ||
| Q1 25 | $666.0M | $412.7M | ||
| Q4 24 | $1.0B | $969.3M | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $769.0M | $1.6B | ||
| Q1 24 | $804.0M | $458.4M |
总债务GWWTAP
| Q4 25 | $2.5B | $6.3B | ||
| Q3 25 | $2.4B | $6.3B | ||
| Q2 25 | $2.3B | $6.3B | ||
| Q1 25 | $2.3B | $6.2B | ||
| Q4 24 | $2.8B | $6.1B | ||
| Q3 24 | $2.3B | $6.2B | ||
| Q2 24 | $1.8B | $7.0B | ||
| Q1 24 | $1.8B | $6.2B |
股东权益GWWTAP
| Q4 25 | $3.7B | $10.2B | ||
| Q3 25 | $3.6B | $10.3B | ||
| Q2 25 | $3.7B | $13.4B | ||
| Q1 25 | $3.5B | $13.1B | ||
| Q4 24 | $3.4B | $13.1B | ||
| Q3 24 | $3.5B | $13.3B | ||
| Q2 24 | $3.3B | $13.2B | ||
| Q1 24 | $3.2B | $13.1B |
总资产GWWTAP
| Q4 25 | $9.0B | $22.7B | ||
| Q3 25 | $8.8B | $22.9B | ||
| Q2 25 | $8.9B | $26.8B | ||
| Q1 25 | $8.7B | $25.9B | ||
| Q4 24 | $8.8B | $26.1B | ||
| Q3 24 | $9.1B | $26.6B | ||
| Q2 24 | $8.4B | $27.4B | ||
| Q1 24 | $8.4B | $26.1B |
负债/权益比GWWTAP
| Q4 25 | 0.67× | 0.61× | ||
| Q3 25 | 0.67× | 0.61× | ||
| Q2 25 | 0.64× | 0.47× | ||
| Q1 25 | 0.66× | 0.47× | ||
| Q4 24 | 0.83× | 0.47× | ||
| Q3 24 | 0.65× | 0.47× | ||
| Q2 24 | 0.54× | 0.53× | ||
| Q1 24 | 0.56× | 0.47× |
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 | $540.7M |
| 自由现金流经营现金流 - 资本支出 | $269.0M | $357.8M |
| 自由现金流率自由现金流/营收 | 6.1% | 11.4% |
| 资本支出强度资本支出/营收 | 2.8% | 5.9% |
| 现金转化率经营现金流/净利润 | 0.88× | 2.27× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $1.1B |
8季度趋势，按日历期对齐
经营现金流GWWTAP
| Q4 25 | $395.0M | $540.7M | ||
| Q3 25 | $597.0M | $616.1M | ||
| Q2 25 | $377.0M | $718.3M | ||
| Q1 25 | $646.0M | $-90.7M | ||
| Q4 24 | $428.0M | $494.5M | ||
| Q3 24 | $611.0M | $521.2M | ||
| Q2 24 | $411.0M | $869.2M | ||
| Q1 24 | $661.0M | $25.4M |
自由现金流GWWTAP
| Q4 25 | $269.0M | $357.8M | ||
| Q3 25 | $339.0M | $483.0M | ||
| Q2 25 | $202.0M | $555.0M | ||
| Q1 25 | $521.0M | $-328.0M | ||
| Q4 24 | $170.0M | $383.4M | ||
| Q3 24 | $523.0M | $350.4M | ||
| Q2 24 | $335.0M | $691.7M | ||
| Q1 24 | $542.0M | $-189.3M |
自由现金流率GWWTAP
| Q4 25 | 6.1% | 11.4% | ||
| Q3 25 | 7.3% | 13.9% | ||
| Q2 25 | 4.4% | 14.8% | ||
| Q1 25 | 12.1% | -12.2% | ||
| Q4 24 | 4.0% | 11.8% | ||
| Q3 24 | 11.9% | 9.7% | ||
| Q2 24 | 7.8% | 18.0% | ||
| Q1 24 | 12.8% | -6.2% |
资本支出强度GWWTAP
| Q4 25 | 2.8% | 5.9% | ||
| Q3 25 | 5.5% | 3.8% | ||
| Q2 25 | 3.8% | 4.4% | ||
| Q1 25 | 2.9% | 8.8% | ||
| Q4 24 | 6.1% | 3.4% | ||
| Q3 24 | 2.0% | 4.7% | ||
| Q2 24 | 1.8% | 4.6% | ||
| Q1 24 | 2.8% | 7.0% |
现金转化率GWWTAP
| Q4 25 | 0.88× | 2.27× | ||
| Q3 25 | 2.03× | — | ||
| Q2 25 | 0.78× | 1.68× | ||
| Q1 25 | 1.35× | -0.75× | ||
| Q4 24 | 0.90× | 1.72× | ||
| Q3 24 | 1.26× | 2.61× | ||
| Q2 24 | 0.87× | 2.04× | ||
| Q1 24 | 1.38× | 0.12× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
