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因塞特（INCY）与TransDigm Group（TDG）财务数据对比。点击上方公司名可切换其他公司
TransDigm Group的季度营收约是因塞特的1.8倍（$2.3B vs $1.3B），因塞特净利率更高（23.8% vs 19.5%，领先4.4%），因塞特同比增速更快（19.8% vs 13.9%），过去两年因塞特的营收复合增速更高（10.4% vs 9.1%）
因塞特是总部位于美国特拉华州威尔明顿的跨国制药企业，目前在北美、欧洲及亚洲多地设有生产基地与研发中心，专注于创新药物的研发、生产及商业化，为全球患者提供优质的治疗选择。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
INCY vs TDG — 直观对比
营收规模更大
TDG
是对方的1.8倍
$1.3B
营收增速更快
INCY
高出5.8%
13.9%
净利率更高
INCY
高出4.4%
19.5%
两年增速更快
INCY
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.3B |
| 净利润 | $303.3M | $445.0M |
| 毛利率 | — | 59.2% |
| 营业利润率 | 23.7% | 45.6% |
| 净利率 | 23.8% | 19.5% |
| 营收同比 | 19.8% | 13.9% |
| 净利润同比 | 91.7% | -9.7% |
| 每股收益（稀释后） | $1.47 | $6.62 |
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INCYTDG
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.0B | $2.0B |
净利润INCYTDG
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $445.0M | ||
| Q3 25 | $424.2M | $610.0M | ||
| Q2 25 | $405.0M | $492.0M | ||
| Q1 25 | $158.2M | $479.0M | ||
| Q4 24 | $201.2M | $493.0M | ||
| Q3 24 | $106.5M | $468.0M | ||
| Q2 24 | $-444.6M | $461.0M |
毛利率INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 59.2% | ||
| Q3 25 | 92.8% | 60.3% | ||
| Q2 25 | 93.5% | 59.5% | ||
| Q1 25 | 93.0% | 59.3% | ||
| Q4 24 | 92.5% | 61.6% | ||
| Q3 24 | 92.4% | 57.5% | ||
| Q2 24 | 92.7% | 59.6% |
营业利润率INCYTDG
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 45.6% | ||
| Q3 25 | 32.5% | 47.6% | ||
| Q2 25 | 43.6% | 46.4% | ||
| Q1 25 | 19.5% | 46.1% | ||
| Q4 24 | 25.6% | 48.6% | ||
| Q3 24 | 12.8% | 43.1% | ||
| Q2 24 | -45.8% | 45.7% |
净利率INCYTDG
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 19.5% | ||
| Q3 25 | 31.1% | 25.0% | ||
| Q2 25 | 33.3% | 22.0% | ||
| Q1 25 | 15.0% | 22.3% | ||
| Q4 24 | 17.1% | 24.6% | ||
| Q3 24 | 9.4% | 21.4% | ||
| Q2 24 | -42.6% | 22.5% |
每股收益（稀释后）INCYTDG
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $6.62 | ||
| Q3 25 | $2.11 | $7.75 | ||
| Q2 25 | $2.04 | $8.47 | ||
| Q1 25 | $0.80 | $8.24 | ||
| Q4 24 | $0.90 | $7.62 | ||
| Q3 24 | $0.54 | $5.82 | ||
| Q2 24 | $-2.04 | $7.96 |
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 | — | $2.5B |
| 总债务越低越好 | — | $29.2B |
| 股东权益账面价值 | $5.6B | $-9.3B |
| 总资产 | $7.3B | $23.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $2.5B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.0B | $2.8B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.7B | $2.5B | ||
| Q3 24 | $1.3B | $6.3B | ||
| Q2 24 | $987.3M | $3.4B |
总债务INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | — | $29.2B | ||
| Q3 25 | — | $29.2B | ||
| Q2 25 | — | $24.3B | ||
| Q1 25 | — | $24.3B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | — | $24.3B | ||
| Q2 24 | — | $21.4B |
股东权益INCYTDG
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $-9.3B | ||
| Q3 25 | $4.7B | $-9.7B | ||
| Q2 25 | $4.2B | $-5.0B | ||
| Q1 25 | $3.7B | $-5.7B | ||
| Q4 24 | $3.4B | $-6.3B | ||
| Q3 24 | $3.2B | $-6.3B | ||
| Q2 24 | $3.0B | $-2.5B |
总资产INCYTDG
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $23.8B | ||
| Q3 25 | $6.3B | $22.9B | ||
| Q2 25 | $5.8B | $22.7B | ||
| Q1 25 | $5.7B | $21.9B | ||
| Q4 24 | $5.4B | $21.5B | ||
| Q3 24 | $5.0B | $25.6B | ||
| Q2 24 | $4.7B | $21.8B |
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 | — | $832.0M |
| 自由现金流经营现金流 - 资本支出 | — | $772.0M |
| 自由现金流率自由现金流/营收 | — | 33.8% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | $1.9B |
8季度趋势，按日历期对齐
经营现金流INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $832.0M | ||
| Q3 25 | $559.4M | $507.0M | ||
| Q2 25 | $44.7M | $631.0M | ||
| Q1 25 | $266.1M | $148.0M | ||
| Q4 24 | $381.2M | $752.0M | ||
| Q3 24 | $310.9M | $572.0M | ||
| Q2 24 | $-575.6M | $608.0M |
自由现金流INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | — | $772.0M | ||
| Q3 25 | — | $441.0M | ||
| Q2 25 | — | $573.0M | ||
| Q1 25 | — | $92.0M | ||
| Q4 24 | — | $710.0M | ||
| Q3 24 | — | $531.0M | ||
| Q2 24 | — | $568.0M |
自由现金流率INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | — | 33.8% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 25.6% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 27.8% |
资本支出强度INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.0% |
现金转化率INCYTDG
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 1.87× | ||
| Q3 25 | 1.32× | 0.83× | ||
| Q2 25 | 0.11× | 1.28× | ||
| Q1 25 | 1.68× | 0.31× | ||
| Q4 24 | 1.89× | 1.53× | ||
| Q3 24 | 2.92× | 1.22× | ||
| Q2 24 | — | 1.32× |
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
INCY
暂无分部数据
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
