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家得宝（HD）与英伟达（NVDA）财务数据对比。点击上方公司名可切换其他公司
英伟达的季度营收约是家得宝的1.6倍（$68.1B vs $41.4B），英伟达净利率更高（63.1% vs 8.7%，领先54.4%），英伟达同比增速更快（73.2% vs 2.8%），英伟达自由现金流更多（$34.9B vs $3.1B），过去两年英伟达的营收复合增速更高（61.7% 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。
英伟达是总部位于美国加利福尼亚州圣克拉拉的科技企业，1993年由黄仁勋、克里斯·马拉科夫斯基、柯蒂斯·普里姆联合创立。公司主营图形处理器（GPU）、系统级芯片（SoC）及应用程序接口（API）产品，覆盖数据科学、高性能计算、游戏、移动与车载应用等领域，是全球知名的头部科技企业之一。
HD vs NVDA — 直观对比
营收规模更大
NVDA
是对方的1.6倍
$41.4B
营收增速更快
NVDA
高出70.4%
2.8%
净利率更高
NVDA
高出54.4%
8.7%
自由现金流更多
NVDA
多$31.8B
$3.1B
两年增速更快
NVDA
近两年复合增速
9.0%
损益表 — Q3 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $41.4B | $68.1B |
| 净利润 | $3.6B | $43.0B |
| 毛利率 | 33.4% | 75.0% |
| 营业利润率 | 12.9% | 65.0% |
| 净利率 | 8.7% | 63.1% |
| 营收同比 | 2.8% | 73.2% |
| 净利润同比 | -1.3% | 94.5% |
| 每股收益（稀释后） | $3.62 | $1.76 |
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HDNVDA
| Q1 26 | — | $68.1B | ||
| Q4 25 | $41.4B | $57.0B | ||
| Q3 25 | $45.3B | $46.7B | ||
| Q2 25 | $39.9B | $44.1B | ||
| Q1 25 | $39.7B | $39.3B | ||
| Q4 24 | $40.2B | $35.1B | ||
| Q3 24 | $43.2B | $30.0B | ||
| Q2 24 | $36.4B | $26.0B |
净利润HDNVDA
| Q1 26 | — | $43.0B | ||
| Q4 25 | $3.6B | $31.9B | ||
| Q3 25 | $4.6B | $26.4B | ||
| Q2 25 | $3.4B | $18.8B | ||
| Q1 25 | $3.0B | $22.1B | ||
| Q4 24 | $3.6B | $19.3B | ||
| Q3 24 | $4.6B | $16.6B | ||
| Q2 24 | $3.6B | $14.9B |
毛利率HDNVDA
| Q1 26 | — | 75.0% | ||
| Q4 25 | 33.4% | 73.4% | ||
| Q3 25 | 33.4% | 72.4% | ||
| Q2 25 | 33.8% | 60.5% | ||
| Q1 25 | 32.8% | 73.0% | ||
| Q4 24 | 33.4% | 74.6% | ||
| Q3 24 | 33.4% | 75.1% | ||
| Q2 24 | 34.1% | 78.4% |
营业利润率HDNVDA
| Q1 26 | — | 65.0% | ||
| Q4 25 | 12.9% | 63.2% | ||
| Q3 25 | 14.5% | 60.8% | ||
| Q2 25 | 12.9% | 49.1% | ||
| Q1 25 | 11.3% | 61.1% | ||
| Q4 24 | 13.5% | 62.3% | ||
| Q3 24 | 15.1% | 62.1% | ||
| Q2 24 | 13.9% | 64.9% |
净利率HDNVDA
| Q1 26 | — | 63.1% | ||
| Q4 25 | 8.7% | 56.0% | ||
| Q3 25 | 10.1% | 56.5% | ||
| Q2 25 | 8.6% | 42.6% | ||
| Q1 25 | 7.5% | 56.2% | ||
| Q4 24 | 9.1% | 55.0% | ||
| Q3 24 | 10.6% | 55.3% | ||
| Q2 24 | 9.9% | 57.1% |
每股收益（稀释后）HDNVDA
| Q1 26 | — | $1.76 | ||
| Q4 25 | $3.62 | $1.30 | ||
| Q3 25 | $4.58 | $1.08 | ||
| Q2 25 | $3.45 | $0.76 | ||
| Q1 25 | $3.01 | $-4.49 | ||
| Q4 24 | $3.67 | $0.78 | ||
| Q3 24 | $4.60 | $0.67 | ||
| Q2 24 | $3.63 | $5.98 |
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 | $10.6B |
| 总债务越低越好 | $46.3B | $8.5B |
| 股东权益账面价值 | $12.1B | $157.3B |
| 总资产 | $106.3B | $206.8B |
| 负债/权益比越低杠杆越低 | 3.82× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资HDNVDA
| Q1 26 | — | $10.6B | ||
| Q4 25 | $1.7B | $60.6B | ||
| Q3 25 | $2.8B | $56.8B | ||
| Q2 25 | $1.4B | $53.7B | ||
| Q1 25 | $1.7B | $43.2B | ||
| Q4 24 | $1.5B | $38.5B | ||
| Q3 24 | $1.6B | $34.8B | ||
| Q2 24 | $4.3B | $31.4B |
总债务HDNVDA
| Q1 26 | — | $8.5B | ||
| Q4 25 | $46.3B | $8.5B | ||
| Q3 25 | $45.9B | $8.5B | ||
| Q2 25 | $47.3B | $8.5B | ||
| Q1 25 | $48.5B | $8.5B | ||
| Q4 24 | $50.1B | $8.5B | ||
| Q3 24 | $51.9B | $8.5B | ||
| Q2 24 | $42.1B | $9.7B |
股东权益HDNVDA
| Q1 26 | — | $157.3B | ||
| Q4 25 | $12.1B | $118.9B | ||
| Q3 25 | $10.7B | $100.1B | ||
| Q2 25 | $8.0B | $83.8B | ||
| Q1 25 | $6.6B | $79.3B | ||
| Q4 24 | $5.8B | $65.9B | ||
| Q3 24 | $4.4B | $58.2B | ||
| Q2 24 | $1.8B | $49.1B |
总资产HDNVDA
| Q1 26 | — | $206.8B | ||
| Q4 25 | $106.3B | $161.1B | ||
| Q3 25 | $100.0B | $140.7B | ||
| Q2 25 | $99.2B | $125.3B | ||
| Q1 25 | $96.1B | $111.6B | ||
| Q4 24 | $97.3B | $96.0B | ||
| Q3 24 | $96.8B | $85.2B | ||
| Q2 24 | $79.2B | $77.1B |
负债/权益比HDNVDA
| Q1 26 | — | 0.05× | ||
| Q4 25 | 3.82× | 0.07× | ||
| Q3 25 | 4.31× | 0.08× | ||
| Q2 25 | 5.95× | 0.10× | ||
| Q1 25 | 7.30× | 0.11× | ||
| Q4 24 | 8.65× | 0.13× | ||
| Q3 24 | 11.74× | 0.15× | ||
| Q2 24 | 23.11× | 0.20× |
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 | $34.9B |
| 自由现金流率自由现金流/营收 | 7.5% | 51.2% |
| 资本支出强度资本支出/营收 | 2.2% | 1.9% |
| 现金转化率经营现金流/净利润 | 1.11× | 0.84× |
| 过去12个月自由现金流最近4个季度 | $13.9B | $96.7B |
8季度趋势，按日历期对齐
经营现金流HDNVDA
| Q1 26 | — | $36.2B | ||
| Q4 25 | $4.0B | $23.8B | ||
| Q3 25 | $4.6B | $15.4B | ||
| Q2 25 | $4.3B | $27.4B | ||
| Q1 25 | $4.7B | $16.6B | ||
| Q4 24 | $4.2B | $17.6B | ||
| Q3 24 | $5.4B | $14.5B | ||
| Q2 24 | $5.5B | $15.3B |
自由现金流HDNVDA
| Q1 26 | — | $34.9B | ||
| Q4 25 | $3.1B | $22.1B | ||
| Q3 25 | $3.7B | $13.5B | ||
| Q2 25 | $3.5B | $26.2B | ||
| Q1 25 | $3.6B | $15.6B | ||
| Q4 24 | $3.4B | $16.8B | ||
| Q3 24 | $4.7B | $13.5B | ||
| Q2 24 | $4.7B | $15.0B |
自由现金流率HDNVDA
| Q1 26 | — | 51.2% | ||
| Q4 25 | 7.5% | 38.8% | ||
| Q3 25 | 8.2% | 28.8% | ||
| Q2 25 | 8.8% | 59.4% | ||
| Q1 25 | 9.0% | 39.5% | ||
| Q4 24 | 8.5% | 47.9% | ||
| Q3 24 | 10.9% | 45.0% | ||
| Q2 24 | 12.8% | 57.5% |
资本支出强度HDNVDA
| Q1 26 | — | 1.9% | ||
| Q4 25 | 2.2% | 2.9% | ||
| Q3 25 | 2.0% | 4.1% | ||
| Q2 25 | 2.0% | 2.8% | ||
| Q1 25 | 2.8% | 2.7% | ||
| Q4 24 | 2.0% | 2.3% | ||
| Q3 24 | 1.7% | 3.3% | ||
| Q2 24 | 2.3% | 1.4% |
现金转化率HDNVDA
| Q1 26 | — | 0.84× | ||
| Q4 25 | 1.11× | 0.74× | ||
| Q3 25 | 1.02× | 0.58× | ||
| Q2 25 | 1.26× | 1.46× | ||
| Q1 25 | 1.56× | 0.75× | ||
| Q4 24 | 1.16× | 0.91× | ||
| Q3 24 | 1.19× | 0.87× | ||
| Q2 24 | 1.53× | 1.03× |
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% |
NVDA
| Compute | $51.3B | 75% |
| Networking | $11.0B | 16% |
| Gaming | $3.7B | 5% |
| Professional Visualization | $1.3B | 2% |
| Automotive | $604.0M | 1% |
| OEM And Other | $161.0M | 0% |
| Inventory Purchase Obligations In Excess Of Projections | $31.0M | 0% |
