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英格拉姆微（INGM）与塔吉特（TGT）财务数据对比。点击上方公司名可切换其他公司
塔吉特的季度营收约是英格拉姆微的1.7倍（$25.3B vs $14.9B），塔吉特净利率更高（2.7% vs 0.8%，领先1.9%），英格拉姆微自由现金流更多（$1.5B vs $149.0M）
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。
塔吉特公司是总部位于美国明尼苏达州明尼阿波利斯的大型零售集团，为美国第八大零售商，也是标普500指数成分股，在全美运营大量实体零售门店，主营日常消费品等品类，拥有庞大的消费客群与较高的市场知名度。
INGM vs TGT — 直观对比
营收规模更大
TGT
是对方的1.7倍
$14.9B
净利率更高
TGT
高出1.9%
0.8%
自由现金流更多
INGM
多$1.4B
$149.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.9B | $25.3B |
| 净利润 | $121.4M | $689.0M |
| 毛利率 | 6.5% | 28.2% |
| 营业利润率 | 2.1% | 3.8% |
| 净利率 | 0.8% | 2.7% |
| 营收同比 | — | -1.6% |
| 净利润同比 | — | -19.3% |
| 每股收益（稀释后） | $0.52 | $1.51 |
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INGMTGT
| Q4 25 | $14.9B | $25.3B | ||
| Q3 25 | $12.6B | $25.2B | ||
| Q2 25 | $12.8B | $23.8B | ||
| Q1 25 | $12.3B | $30.9B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | $11.8B | $25.5B | ||
| Q2 24 | $11.5B | $24.5B | ||
| Q1 24 | $11.3B | $31.9B |
净利润INGMTGT
| Q4 25 | $121.4M | $689.0M | ||
| Q3 25 | $99.5M | $935.0M | ||
| Q2 25 | $37.8M | $1.0B | ||
| Q1 25 | $69.2M | $1.1B | ||
| Q4 24 | — | $854.0M | ||
| Q3 24 | $77.0M | $1.2B | ||
| Q2 24 | $54.6M | $942.0M | ||
| Q1 24 | $49.6M | $1.4B |
毛利率INGMTGT
| Q4 25 | 6.5% | 28.2% | ||
| Q3 25 | 6.9% | 29.0% | ||
| Q2 25 | 6.6% | 28.2% | ||
| Q1 25 | 6.7% | 26.0% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | 7.2% | 30.1% | ||
| Q2 24 | 7.2% | 28.9% | ||
| Q1 24 | 7.4% | 26.7% |
营业利润率INGMTGT
| Q4 25 | 2.1% | 3.8% | ||
| Q3 25 | 1.8% | 5.2% | ||
| Q2 25 | 1.1% | 6.2% | ||
| Q1 25 | 1.6% | 4.7% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | 1.9% | 6.4% | ||
| Q2 24 | 1.6% | 5.3% | ||
| Q1 24 | 1.5% | 5.8% |
净利率INGMTGT
| Q4 25 | 0.8% | 2.7% | ||
| Q3 25 | 0.8% | 3.7% | ||
| Q2 25 | 0.3% | 4.3% | ||
| Q1 25 | 0.6% | 3.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 0.7% | 4.7% | ||
| Q2 24 | 0.5% | 3.8% | ||
| Q1 24 | 0.4% | 4.3% |
每股收益（稀释后）INGMTGT
| Q4 25 | $0.52 | $1.51 | ||
| Q3 25 | $0.42 | $2.05 | ||
| Q2 25 | $0.16 | $2.27 | ||
| Q1 25 | $0.29 | $2.41 | ||
| Q4 24 | — | $1.85 | ||
| Q3 24 | $0.35 | $2.57 | ||
| Q2 24 | $0.25 | $2.03 | ||
| Q1 24 | $0.22 | $2.99 |
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 | $3.8B |
| 总债务越低越好 | $3.2B | $15.4B |
| 股东权益账面价值 | $4.2B | $15.5B |
| 总资产 | $21.2B | $60.0B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.99× |
8季度趋势，按日历期对齐
现金及短期投资INGMTGT
| Q4 25 | $1.9B | $3.8B | ||
| Q3 25 | $802.6M | $4.3B | ||
| Q2 25 | $856.7M | $2.9B | ||
| Q1 25 | $881.6M | $8.7B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $849.5M | $3.5B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $6.7B |
总债务INGMTGT
| Q4 25 | $3.2B | $15.4B | ||
| Q3 25 | $3.8B | $15.3B | ||
| Q2 25 | $3.7B | $14.3B | ||
| Q1 25 | $3.5B | $14.3B | ||
| Q4 24 | — | $14.3B | ||
| Q3 24 | $3.8B | $13.7B | ||
| Q2 24 | — | $13.5B | ||
| Q1 24 | — | $14.9B |
股东权益INGMTGT
| Q4 25 | $4.2B | $15.5B | ||
| Q3 25 | $4.1B | $15.4B | ||
| Q2 25 | $4.0B | $14.9B | ||
| Q1 25 | $3.9B | $14.7B | ||
| Q4 24 | — | $14.5B | ||
| Q3 24 | $3.6B | $14.4B | ||
| Q2 24 | $3.5B | $13.8B | ||
| Q1 24 | $3.5B | $13.4B |
总资产INGMTGT
| Q4 25 | $21.2B | $60.0B | ||
| Q3 25 | $19.2B | $57.9B | ||
| Q2 25 | $19.5B | $56.2B | ||
| Q1 25 | $18.6B | $57.8B | ||
| Q4 24 | — | $58.5B | ||
| Q3 24 | $18.6B | $56.0B | ||
| Q2 24 | — | $55.1B | ||
| Q1 24 | $17.6B | $55.4B |
负债/权益比INGMTGT
| Q4 25 | 0.75× | 0.99× | ||
| Q3 25 | 0.93× | 0.99× | ||
| Q2 25 | 0.92× | 0.96× | ||
| Q1 25 | 0.90× | 0.98× | ||
| Q4 24 | — | 0.99× | ||
| Q3 24 | 1.06× | 0.95× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 1.11× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $149.0M |
| 自由现金流率自由现金流/营收 | 10.2% | 0.6% |
| 资本支出强度资本支出/营收 | 0.2% | 3.9% |
| 现金转化率经营现金流/净利润 | 12.85× | 1.64× |
| 过去12个月自由现金流最近4个季度 | $785.4M | $3.0B |
8季度趋势，按日历期对齐
经营现金流INGMTGT
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $-146.0M | $2.1B | ||
| Q2 25 | $-298.0M | $275.0M | ||
| Q1 25 | $-200.4M | $3.3B | ||
| Q4 24 | — | $739.0M | ||
| Q3 24 | $-277.0M | $2.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $-100.3M | $3.3B |
自由现金流INGMTGT
| Q4 25 | $1.5B | $149.0M | ||
| Q3 25 | $-175.0M | $1.0B | ||
| Q2 25 | $-333.2M | $-515.0M | ||
| Q1 25 | $-230.2M | $2.4B | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | $-315.0M | $1.6B | ||
| Q2 24 | — | $427.0M | ||
| Q1 24 | $-135.8M | $2.4B |
自由现金流率INGMTGT
| Q4 25 | 10.2% | 0.6% | ||
| Q3 25 | -1.4% | 4.0% | ||
| Q2 25 | -2.6% | -2.2% | ||
| Q1 25 | -1.9% | 7.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | -2.7% | 6.3% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | -1.2% | 7.6% |
资本支出强度INGMTGT
| Q4 25 | 0.2% | 3.9% | ||
| Q3 25 | 0.2% | 4.3% | ||
| Q2 25 | 0.3% | 3.3% | ||
| Q1 25 | 0.2% | 3.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 0.3% | 2.5% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | 0.3% | 2.7% |
现金转化率INGMTGT
| Q4 25 | 12.85× | 1.64× | ||
| Q3 25 | -1.47× | 2.23× | ||
| Q2 25 | -7.88× | 0.27× | ||
| Q1 25 | -2.90× | 2.98× | ||
| Q4 24 | — | 0.87× | ||
| Q3 24 | -3.60× | 1.88× | ||
| Q2 24 | — | 1.17× | ||
| Q1 24 | -2.02× | 2.38× |
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
INGM
暂无分部数据
TGT
| Food And Beverage | $6.0B | 24% |
| Household Essentials | $4.5B | 18% |
| Home Furnishings And Decor | $3.9B | 15% |
| Apparel And Accessories | $3.8B | 15% |
| Beauty | $3.2B | 13% |
| Hardlines | $3.2B | 13% |
| Advertising Revenue | $241.0M | 1% |
| Other Other Revenue | $158.0M | 1% |
| Credit Card Profit Sharing | $119.0M | 0% |
| Other Product | $34.0M | 0% |
