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Intuit（INTU）与威达信集团（MRSH）财务数据对比。点击上方公司名可切换其他公司
威达信集团的季度营收约是Intuit的1.7倍（$6.6B vs $3.9B），威达信集团净利率更高（12.4% vs 11.5%，领先1.0%），Intuit同比增速更快（18.3% vs 8.7%），威达信集团自由现金流更多（$2.1B vs $599.0M），过去两年Intuit的营收复合增速更高（7.1% vs 0.9%）
Intuit是总部位于美国加利福尼亚州山景城的跨国商业软件企业，专注于财务软件领域，现任首席执行官为萨桑·古达齐。旗下核心产品包括报税软件TurboTax、小微企业会计软件QuickBooks、信用监测及个人理财服务Credit Karma、邮件营销平台Mailchimp，服务覆盖个人及企业财税、营销等多个场景。
威达信集团是总部位于纽约的全球专业服务企业，核心业务涵盖保险经纪、风险管理、再保险服务、人才管理、投资咨询及管理咨询，旗下拥有达信（Marsh）等四大运营子公司，可提供风险建模、定制风险融资方案等多元专业服务。
INTU vs MRSH — 直观对比
营收规模更大
MRSH
是对方的1.7倍
$3.9B
营收增速更快
INTU
高出9.6%
8.7%
净利率更高
MRSH
高出1.0%
11.5%
自由现金流更多
MRSH
多$1.5B
$599.0M
两年增速更快
INTU
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $6.6B |
| 净利润 | $446.0M | $821.0M |
| 毛利率 | — | — |
| 营业利润率 | 13.7% | 18.5% |
| 净利率 | 11.5% | 12.4% |
| 营收同比 | 18.3% | 8.7% |
| 净利润同比 | 126.4% | 4.2% |
| 每股收益（稀释后） | $1.59 | $1.68 |
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INTUMRSH
| Q4 25 | $3.9B | $6.6B | ||
| Q3 25 | $3.8B | $6.4B | ||
| Q2 25 | $7.8B | $7.0B | ||
| Q1 25 | $4.0B | $7.1B | ||
| Q4 24 | $3.3B | $6.1B | ||
| Q3 24 | $3.2B | $5.7B | ||
| Q2 24 | $6.7B | $6.2B | ||
| Q1 24 | $3.4B | $6.5B |
净利润INTUMRSH
| Q4 25 | $446.0M | $821.0M | ||
| Q3 25 | $381.0M | $747.0M | ||
| Q2 25 | $2.8B | $1.2B | ||
| Q1 25 | $471.0M | $1.4B | ||
| Q4 24 | $197.0M | $788.0M | ||
| Q3 24 | $-20.0M | $747.0M | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $353.0M | $1.4B |
营业利润率INTUMRSH
| Q4 25 | 13.7% | 18.5% | ||
| Q3 25 | 8.8% | 18.4% | ||
| Q2 25 | 48.0% | 26.2% | ||
| Q1 25 | 15.0% | 28.4% | ||
| Q4 24 | 8.3% | 18.8% | ||
| Q3 24 | -4.7% | 19.4% | ||
| Q2 24 | 46.1% | 26.4% | ||
| Q1 24 | 10.9% | 29.7% |
净利率INTUMRSH
| Q4 25 | 11.5% | 12.4% | ||
| Q3 25 | 9.9% | 11.8% | ||
| Q2 25 | 36.4% | 17.4% | ||
| Q1 25 | 11.9% | 19.6% | ||
| Q4 24 | 6.0% | 13.0% | ||
| Q3 24 | -0.6% | 13.1% | ||
| Q2 24 | 35.5% | 18.1% | ||
| Q1 24 | 10.4% | 21.6% |
每股收益（稀释后）INTUMRSH
| Q4 25 | $1.59 | $1.68 | ||
| Q3 25 | $1.28 | $1.51 | ||
| Q2 25 | $10.02 | $2.45 | ||
| Q1 25 | $1.67 | $2.79 | ||
| Q4 24 | $0.70 | $1.58 | ||
| Q3 24 | $-0.09 | $1.51 | ||
| Q2 24 | $8.42 | $2.27 | ||
| Q1 24 | $1.25 | $2.82 |
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 | $3.5B | $2.7B |
| 总债务越低越好 | $6.1B | $19.6B |
| 股东权益账面价值 | $19.3B | $15.3B |
| 总资产 | $33.2B | $58.7B |
| 负债/权益比越低杠杆越低 | 0.32× | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资INTUMRSH
| Q4 25 | $3.5B | $2.7B | ||
| Q3 25 | $2.9B | $2.5B | ||
| Q2 25 | $5.4B | $1.7B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $2.9B | $2.4B | ||
| Q3 24 | $3.6B | $1.8B | ||
| Q2 24 | $4.2B | $1.7B | ||
| Q1 24 | $1.5B | $1.5B |
总债务INTUMRSH
| Q4 25 | $6.1B | $19.6B | ||
| Q3 25 | $6.0B | $19.6B | ||
| Q2 25 | $6.4B | $19.6B | ||
| Q1 25 | $6.3B | $19.5B | ||
| Q4 24 | $6.1B | $19.9B | ||
| Q3 24 | $6.0B | $12.8B | ||
| Q2 24 | $6.0B | $12.8B | ||
| Q1 24 | $6.0B | $13.4B |
股东权益INTUMRSH
| Q4 25 | $19.3B | $15.3B | ||
| Q3 25 | $19.7B | $15.4B | ||
| Q2 25 | $20.1B | $16.0B | ||
| Q1 25 | $17.9B | $14.3B | ||
| Q4 24 | $18.1B | $13.5B | ||
| Q3 24 | $18.4B | $13.9B | ||
| Q2 24 | $18.8B | $13.6B | ||
| Q1 24 | $16.9B | $12.6B |
总资产INTUMRSH
| Q4 25 | $33.2B | $58.7B | ||
| Q3 25 | $37.0B | $58.8B | ||
| Q2 25 | $36.6B | $58.6B | ||
| Q1 25 | $31.7B | $57.0B | ||
| Q4 24 | $33.2B | $56.5B | ||
| Q3 24 | $32.1B | $49.9B | ||
| Q2 24 | $31.6B | $48.6B | ||
| Q1 24 | $29.7B | $47.6B |
负债/权益比INTUMRSH
| Q4 25 | 0.32× | 1.28× | ||
| Q3 25 | 0.30× | 1.27× | ||
| Q2 25 | 0.32× | 1.23× | ||
| Q1 25 | 0.35× | 1.37× | ||
| Q4 24 | 0.34× | 1.47× | ||
| Q3 24 | 0.33× | 0.93× | ||
| Q2 24 | 0.32× | 0.94× | ||
| Q1 24 | 0.35× | 1.06× |
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 | $637.0M | $2.2B |
| 自由现金流经营现金流 - 资本支出 | $599.0M | $2.1B |
| 自由现金流率自由现金流/营收 | 15.4% | 31.2% |
| 资本支出强度资本支出/营收 | 1.0% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.43× | 2.63× |
| 过去12个月自由现金流最近4个季度 | $6.4B | $5.0B |
8季度趋势，按日历期对齐
经营现金流INTUMRSH
| Q4 25 | $637.0M | $2.2B | ||
| Q3 25 | $381.0M | $2.1B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $1.1B | $-622.0M | ||
| Q4 24 | $362.0M | $2.0B | ||
| Q3 24 | $417.0M | $1.9B | ||
| Q2 24 | $4.0B | $1.2B | ||
| Q1 24 | $613.0M | $-781.0M |
自由现金流INTUMRSH
| Q4 25 | $599.0M | $2.1B | ||
| Q3 25 | $366.0M | $2.0B | ||
| Q2 25 | $4.4B | $1.6B | ||
| Q1 25 | $1.0B | $-677.0M | ||
| Q4 24 | $329.0M | $1.9B | ||
| Q3 24 | $400.0M | $1.8B | ||
| Q2 24 | $3.9B | $1.1B | ||
| Q1 24 | $550.0M | $-868.0M |
自由现金流率INTUMRSH
| Q4 25 | 15.4% | 31.2% | ||
| Q3 25 | 9.6% | 31.6% | ||
| Q2 25 | 56.2% | 23.1% | ||
| Q1 25 | 26.2% | -9.6% | ||
| Q4 24 | 10.0% | 31.0% | ||
| Q3 24 | 12.6% | 32.3% | ||
| Q2 24 | 57.7% | 18.2% | ||
| Q1 24 | 16.2% | -13.4% |
资本支出强度INTUMRSH
| Q4 25 | 1.0% | 1.6% | ||
| Q3 25 | 0.4% | 1.1% | ||
| Q2 25 | 0.5% | 0.8% | ||
| Q1 25 | 0.8% | 0.8% | ||
| Q4 24 | 1.0% | 1.3% | ||
| Q3 24 | 0.5% | 1.3% | ||
| Q2 24 | 0.9% | 1.3% | ||
| Q1 24 | 1.9% | 1.3% |
现金转化率INTUMRSH
| Q4 25 | 1.43× | 2.63× | ||
| Q3 25 | 1.00× | 2.79× | ||
| Q2 25 | 1.56× | 1.38× | ||
| Q1 25 | 2.27× | -0.45× | ||
| Q4 24 | 1.84× | 2.48× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | 1.65× | 1.08× | ||
| Q1 24 | 1.74× | -0.56× |
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
INTU
| Quick Books Online Accounting | $1.2B | 32% |
| Product And Other | $779.0M | 20% |
| Credit Karma | $616.0M | 16% |
| Turbo Tax | $581.0M | 15% |
| Quick Books Desktop Accounting | $408.0M | 11% |
| Pro Tax | $290.0M | 7% |
MRSH
| Marsh Insurance Group | $3.6B | 55% |
| Consulting Segment | $2.6B | 40% |
| Guy Carpenter Reinsurance Group | $179.0M | 3% |
| Other | $175.0M | 3% |
