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英格拉姆微（INGM）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是英格拉姆微的1.2倍（$17.9B vs $14.9B），摩根士丹利净利率更高（24.6% vs 0.8%，领先23.8%）
英格拉姆微控股是全球知名的信息技术产品及服务分销商，总部位于美国加利福尼亚州欧文市，业务覆盖全球各地。公司前身为1979年在加州成立的Micro D, Inc，最初是传统分销商，主营向经销商推广、销售及交付厂商产品，目前正向聚焦数字体验的平台化业务方向转型。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
INGM vs MS — 直观对比
营收规模更大
MS
是对方的1.2倍
$14.9B
净利率更高
MS
高出23.8%
0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $14.9B | $17.9B |
| 净利润 | $121.4M | $4.4B |
| 毛利率 | 6.5% | — |
| 营业利润率 | 2.1% | 32.2% |
| 净利率 | 0.8% | 24.6% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.52 | $2.68 |
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INGMMS
| Q4 25 | $14.9B | $17.9B | ||
| Q3 25 | $12.6B | $18.2B | ||
| Q2 25 | $12.8B | $16.8B | ||
| Q1 25 | $12.3B | $17.7B | ||
| Q3 24 | $11.8B | $15.4B | ||
| Q2 24 | $11.5B | $15.0B | ||
| Q1 24 | $11.3B | $15.1B |
净利润INGMMS
| Q4 25 | $121.4M | $4.4B | ||
| Q3 25 | $99.5M | $4.6B | ||
| Q2 25 | $37.8M | $3.5B | ||
| Q1 25 | $69.2M | $4.3B | ||
| Q3 24 | $77.0M | $3.2B | ||
| Q2 24 | $54.6M | $3.1B | ||
| Q1 24 | $49.6M | $3.4B |
毛利率INGMMS
| Q4 25 | 6.5% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 6.7% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 7.4% | — |
营业利润率INGMMS
| Q4 25 | 2.1% | 32.2% | ||
| Q3 25 | 1.8% | 33.1% | ||
| Q2 25 | 1.1% | 27.5% | ||
| Q1 25 | 1.6% | 31.3% | ||
| Q3 24 | 1.9% | 27.4% | ||
| Q2 24 | 1.6% | 27.1% | ||
| Q1 24 | 1.5% | 29.0% |
净利率INGMMS
| Q4 25 | 0.8% | 24.6% | ||
| Q3 25 | 0.8% | 25.3% | ||
| Q2 25 | 0.3% | 21.1% | ||
| Q1 25 | 0.6% | 24.3% | ||
| Q3 24 | 0.7% | 20.7% | ||
| Q2 24 | 0.5% | 20.5% | ||
| Q1 24 | 0.4% | 22.5% |
每股收益（稀释后）INGMMS
| Q4 25 | $0.52 | $2.68 | ||
| Q3 25 | $0.42 | $2.80 | ||
| Q2 25 | $0.16 | $2.13 | ||
| Q1 25 | $0.29 | $2.60 | ||
| Q3 24 | $0.35 | $1.88 | ||
| Q2 24 | $0.25 | $1.82 | ||
| Q1 24 | $0.22 | $2.02 |
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 | $1.9B | $111.7B |
| 总债务越低越好 | $3.2B | $341.7B |
| 股东权益账面价值 | $4.2B | $111.6B |
| 总资产 | $21.2B | $1420.3B |
| 负债/权益比越低杠杆越低 | 0.75× | 3.06× |
8季度趋势，按日历期对齐
现金及短期投资INGMMS
| Q4 25 | $1.9B | $111.7B | ||
| Q3 25 | $802.6M | $103.7B | ||
| Q2 25 | $856.7M | $109.1B | ||
| Q1 25 | $881.6M | $90.7B | ||
| Q3 24 | $849.5M | $91.1B | ||
| Q2 24 | — | $90.2B | ||
| Q1 24 | — | $102.3B |
总债务INGMMS
| Q4 25 | $3.2B | $341.7B | ||
| Q3 25 | $3.8B | $324.1B | ||
| Q2 25 | $3.7B | $320.1B | ||
| Q1 25 | $3.5B | $297.0B | ||
| Q3 24 | $3.8B | $291.2B | ||
| Q2 24 | — | $269.9B | ||
| Q1 24 | — | $266.1B |
股东权益INGMMS
| Q4 25 | $4.2B | $111.6B | ||
| Q3 25 | $4.1B | $110.0B | ||
| Q2 25 | $4.0B | $108.2B | ||
| Q1 25 | $3.9B | $106.8B | ||
| Q3 24 | $3.6B | $103.6B | ||
| Q2 24 | $3.5B | $100.7B | ||
| Q1 24 | $3.5B | $99.2B |
总资产INGMMS
| Q4 25 | $21.2B | $1420.3B | ||
| Q3 25 | $19.2B | $1364.8B | ||
| Q2 25 | $19.5B | $1353.9B | ||
| Q1 25 | $18.6B | $1300.3B | ||
| Q3 24 | $18.6B | $1258.0B | ||
| Q2 24 | — | $1212.4B | ||
| Q1 24 | $17.6B | $1228.5B |
负债/权益比INGMMS
| Q4 25 | 0.75× | 3.06× | ||
| Q3 25 | 0.93× | 2.95× | ||
| Q2 25 | 0.92× | 2.96× | ||
| Q1 25 | 0.90× | 2.78× | ||
| Q3 24 | 1.06× | 2.81× | ||
| Q2 24 | — | 2.68× | ||
| Q1 24 | — | 2.68× |
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 | $1.6B | $-2.4B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | — |
| 自由现金流率自由现金流/营收 | 10.2% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 12.85× | -0.55× |
| 过去12个月自由现金流最近4个季度 | $785.4M | — |
8季度趋势，按日历期对齐
经营现金流INGMMS
| Q4 25 | $1.6B | $-2.4B | ||
| Q3 25 | $-146.0M | $-3.3B | ||
| Q2 25 | $-298.0M | $11.8B | ||
| Q1 25 | $-200.4M | $-24.0B | ||
| Q3 24 | $-277.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-100.3M | $4.4B |
自由现金流INGMMS
| Q4 25 | $1.5B | — | ||
| Q3 25 | $-175.0M | — | ||
| Q2 25 | $-333.2M | — | ||
| Q1 25 | $-230.2M | — | ||
| Q3 24 | $-315.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-135.8M | — |
自由现金流率INGMMS
| Q4 25 | 10.2% | — | ||
| Q3 25 | -1.4% | — | ||
| Q2 25 | -2.6% | — | ||
| Q1 25 | -1.9% | — | ||
| Q3 24 | -2.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -1.2% | — |
资本支出强度INGMMS
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.3% | — |
现金转化率INGMMS
| Q4 25 | 12.85× | -0.55× | ||
| Q3 25 | -1.47× | -0.72× | ||
| Q2 25 | -7.88× | 3.34× | ||
| Q1 25 | -2.90× | -5.56× | ||
| Q3 24 | -3.60× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -2.02× | 1.28× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
