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家得宝（HD）与Meta Platforms（META）财务数据对比。点击上方公司名可切换其他公司
Meta Platforms的季度营收约是家得宝的1.4倍（$59.9B vs $41.4B），Meta Platforms净利率更高（38.0% vs 8.7%，领先29.3%），Meta Platforms同比增速更快（23.8% vs 2.8%），Meta Platforms自由现金流更多（$14.8B vs $3.1B），过去两年Meta Platforms的营收复合增速更高（28.2% vs 9.0%）
家得宝是美国跨国家装零售巨头，也是美国规模最大的家装零售商，主营工具、建材、家电等产品销售，同时提供燃油、运输租赁等服务。公司总部位于佐治亚州科布县，通信地址设于亚特兰大，2021年员工数达49.06万，营收超1510亿美元。
Meta Platforms是总部位于美国加利福尼亚州门洛帕克的跨国科技巨头，属于全球头部科技企业阵营。旗下运营Facebook、Instagram、WhatsApp、Messenger、Threads等多款知名社交媒体及通讯服务，同时开展自有及第三方站点广告业务，2023年广告收入占其总营收的97.8%。
HD vs META — 直观对比
营收规模更大
META
是对方的1.4倍
$41.4B
营收增速更快
META
高出21.0%
2.8%
净利率更高
META
高出29.3%
8.7%
自由现金流更多
META
多$11.7B
$3.1B
两年增速更快
META
近两年复合增速
9.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.4B | $59.9B |
| 净利润 | $3.6B | $22.8B |
| 毛利率 | 33.4% | 81.8% |
| 营业利润率 | 12.9% | 41.3% |
| 净利率 | 8.7% | 38.0% |
| 营收同比 | 2.8% | 23.8% |
| 净利润同比 | -1.3% | 9.3% |
| 每股收益（稀释后） | $3.62 | $8.87 |
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HDMETA
| Q4 25 | $41.4B | $59.9B | ||
| Q3 25 | $45.3B | $51.2B | ||
| Q2 25 | $39.9B | $47.5B | ||
| Q1 25 | $39.7B | $42.3B | ||
| Q4 24 | $40.2B | $48.4B | ||
| Q3 24 | $43.2B | $40.6B | ||
| Q2 24 | $36.4B | $39.1B | ||
| Q1 24 | $34.8B | $36.5B |
净利润HDMETA
| Q4 25 | $3.6B | $22.8B | ||
| Q3 25 | $4.6B | $2.7B | ||
| Q2 25 | $3.4B | $18.3B | ||
| Q1 25 | $3.0B | $16.6B | ||
| Q4 24 | $3.6B | $20.8B | ||
| Q3 24 | $4.6B | $15.7B | ||
| Q2 24 | $3.6B | $13.5B | ||
| Q1 24 | $2.8B | $12.4B |
毛利率HDMETA
| Q4 25 | 33.4% | 81.8% | ||
| Q3 25 | 33.4% | 82.0% | ||
| Q2 25 | 33.8% | 82.1% | ||
| Q1 25 | 32.8% | 82.1% | ||
| Q4 24 | 33.4% | 81.7% | ||
| Q3 24 | 33.4% | 81.8% | ||
| Q2 24 | 34.1% | 81.3% | ||
| Q1 24 | 33.1% | 81.8% |
营业利润率HDMETA
| Q4 25 | 12.9% | 41.3% | ||
| Q3 25 | 14.5% | 40.1% | ||
| Q2 25 | 12.9% | 43.0% | ||
| Q1 25 | 11.3% | 41.5% | ||
| Q4 24 | 13.5% | 48.3% | ||
| Q3 24 | 15.1% | 42.7% | ||
| Q2 24 | 13.9% | 38.0% | ||
| Q1 24 | 11.9% | 37.9% |
净利率HDMETA
| Q4 25 | 8.7% | 38.0% | ||
| Q3 25 | 10.1% | 5.3% | ||
| Q2 25 | 8.6% | 38.6% | ||
| Q1 25 | 7.5% | 39.3% | ||
| Q4 24 | 9.1% | 43.1% | ||
| Q3 24 | 10.6% | 38.7% | ||
| Q2 24 | 9.9% | 34.5% | ||
| Q1 24 | 8.1% | 33.9% |
每股收益（稀释后）HDMETA
| Q4 25 | $3.62 | $8.87 | ||
| Q3 25 | $4.58 | $1.05 | ||
| Q2 25 | $3.45 | $7.14 | ||
| Q1 25 | $3.01 | $6.43 | ||
| Q4 24 | $3.67 | $7.96 | ||
| Q3 24 | $4.60 | $6.03 | ||
| Q2 24 | $3.63 | $5.16 | ||
| Q1 24 | $2.83 | $4.71 |
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 | $1.7B | $81.6B |
| 总债务越低越好 | $46.3B | $58.7B |
| 股东权益账面价值 | $12.1B | $217.2B |
| 总资产 | $106.3B | $366.0B |
| 负债/权益比越低杠杆越低 | 3.82× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资HDMETA
| Q4 25 | $1.7B | $81.6B | ||
| Q3 25 | $2.8B | $44.4B | ||
| Q2 25 | $1.4B | $47.1B | ||
| Q1 25 | $1.7B | $70.2B | ||
| Q4 24 | $1.5B | $77.8B | ||
| Q3 24 | $1.6B | $70.9B | ||
| Q2 24 | $4.3B | $58.1B | ||
| Q1 24 | $3.8B | $58.1B |
总债务HDMETA
| Q4 25 | $46.3B | $58.7B | ||
| Q3 25 | $45.9B | — | ||
| Q2 25 | $47.3B | — | ||
| Q1 25 | $48.5B | — | ||
| Q4 24 | $50.1B | $28.8B | ||
| Q3 24 | $51.9B | $28.8B | ||
| Q2 24 | $42.1B | — | ||
| Q1 24 | $42.7B | — |
股东权益HDMETA
| Q4 25 | $12.1B | $217.2B | ||
| Q3 25 | $10.7B | $194.1B | ||
| Q2 25 | $8.0B | $195.1B | ||
| Q1 25 | $6.6B | $185.0B | ||
| Q4 24 | $5.8B | $182.6B | ||
| Q3 24 | $4.4B | $164.5B | ||
| Q2 24 | $1.8B | $156.8B | ||
| Q1 24 | $1.0B | $149.5B |
总资产HDMETA
| Q4 25 | $106.3B | $366.0B | ||
| Q3 25 | $100.0B | $303.8B | ||
| Q2 25 | $99.2B | $294.7B | ||
| Q1 25 | $96.1B | $280.2B | ||
| Q4 24 | $97.3B | $276.1B | ||
| Q3 24 | $96.8B | $256.4B | ||
| Q2 24 | $79.2B | $230.2B | ||
| Q1 24 | $76.5B | $222.8B |
负债/权益比HDMETA
| Q4 25 | 3.82× | 0.27× | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 5.95× | — | ||
| Q1 25 | 7.30× | — | ||
| Q4 24 | 8.65× | 0.16× | ||
| Q3 24 | 11.74× | 0.18× | ||
| Q2 24 | 23.11× | — | ||
| Q1 24 | 40.94× | — |
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 | $4.0B | $36.2B |
| 自由现金流经营现金流 - 资本支出 | $3.1B | $14.8B |
| 自由现金流率自由现金流/营收 | 7.5% | 24.8% |
| 资本支出强度资本支出/营收 | 2.2% | 35.7% |
| 现金转化率经营现金流/净利润 | 1.11× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $13.9B | $46.1B |
8季度趋势，按日历期对齐
经营现金流HDMETA
| Q4 25 | $4.0B | $36.2B | ||
| Q3 25 | $4.6B | $30.0B | ||
| Q2 25 | $4.3B | $25.6B | ||
| Q1 25 | $4.7B | $24.0B | ||
| Q4 24 | $4.2B | $28.0B | ||
| Q3 24 | $5.4B | $24.7B | ||
| Q2 24 | $5.5B | $19.4B | ||
| Q1 24 | $4.7B | $19.2B |
自由现金流HDMETA
| Q4 25 | $3.1B | $14.8B | ||
| Q3 25 | $3.7B | $11.2B | ||
| Q2 25 | $3.5B | $9.0B | ||
| Q1 25 | $3.6B | $11.1B | ||
| Q4 24 | $3.4B | $13.6B | ||
| Q3 24 | $4.7B | $16.5B | ||
| Q2 24 | $4.7B | $11.2B | ||
| Q1 24 | $3.9B | $12.8B |
自由现金流率HDMETA
| Q4 25 | 7.5% | 24.8% | ||
| Q3 25 | 8.2% | 21.8% | ||
| Q2 25 | 8.8% | 19.0% | ||
| Q1 25 | 9.0% | 26.2% | ||
| Q4 24 | 8.5% | 28.0% | ||
| Q3 24 | 10.9% | 40.6% | ||
| Q2 24 | 12.8% | 28.7% | ||
| Q1 24 | 11.1% | 35.2% |
资本支出强度HDMETA
| Q4 25 | 2.2% | 35.7% | ||
| Q3 25 | 2.0% | 36.7% | ||
| Q2 25 | 2.0% | 34.8% | ||
| Q1 25 | 2.8% | 30.6% | ||
| Q4 24 | 2.0% | 29.8% | ||
| Q3 24 | 1.7% | 20.3% | ||
| Q2 24 | 2.3% | 20.9% | ||
| Q1 24 | 2.5% | 17.6% |
现金转化率HDMETA
| Q4 25 | 1.11× | 1.59× | ||
| Q3 25 | 1.02× | 11.07× | ||
| Q2 25 | 1.26× | 1.39× | ||
| Q1 25 | 1.56× | 1.44× | ||
| Q4 24 | 1.16× | 1.34× | ||
| Q3 24 | 1.19× | 1.58× | ||
| Q2 24 | 1.53× | 1.44× | ||
| Q1 24 | 1.69× | 1.56× |
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
HD
| Major Product Line Building Materials | $13.6B | 33% |
| Major Product Line Dcor | $12.9B | 31% |
| Major Product Line Hardlines | $10.9B | 26% |
| Other | $1.5B | 4% |
| Services | $1.5B | 4% |
| GMS Inc | $892.0M | 2% |
META
| Advertising | $58.1B | 97% |
| Reality Labs | $955.0M | 2% |
| Service Other | $801.0M | 1% |
