vs
Intuit（INTU）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
Intuit的季度营收约是韦莱韬悦的1.3倍（$3.9B vs $2.9B），韦莱韬悦净利率更高（25.5% vs 11.5%，领先14.0%），Intuit同比增速更快（18.3% vs -3.5%），韦莱韬悦自由现金流更多（$708.0M vs $599.0M），过去两年韦莱韬悦的营收复合增速更高（12.0% vs 7.1%）
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。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
INTU vs WTW — 直观对比
营收规模更大
INTU
是对方的1.3倍
$2.9B
营收增速更快
INTU
高出21.9%
-3.5%
净利率更高
WTW
高出14.0%
11.5%
自由现金流更多
WTW
多$109.0M
$599.0M
两年增速更快
WTW
近两年复合增速
7.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.9B |
| 净利润 | $446.0M | $735.0M |
| 毛利率 | — | — |
| 营业利润率 | 13.7% | 35.3% |
| 净利率 | 11.5% | 25.5% |
| 营收同比 | 18.3% | -3.5% |
| 净利润同比 | 126.4% | -41.0% |
| 每股收益（稀释后） | $1.59 | $7.50 |
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INTUWTW
| Q4 25 | $3.9B | $2.9B | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $7.8B | $2.2B | ||
| Q1 25 | $4.0B | $2.2B | ||
| Q4 24 | $3.3B | $3.0B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $6.7B | $2.2B | ||
| Q1 24 | $3.4B | $2.3B |
净利润INTUWTW
| Q4 25 | $446.0M | $735.0M | ||
| Q3 25 | $381.0M | $304.0M | ||
| Q2 25 | $2.8B | $331.0M | ||
| Q1 25 | $471.0M | $235.0M | ||
| Q4 24 | $197.0M | $1.2B | ||
| Q3 24 | $-20.0M | $-1.7B | ||
| Q2 24 | $2.4B | $141.0M | ||
| Q1 24 | $353.0M | $190.0M |
营业利润率INTUWTW
| Q4 25 | 13.7% | 35.3% | ||
| Q3 25 | 8.8% | 18.7% | ||
| Q2 25 | 48.0% | 16.6% | ||
| Q1 25 | 15.0% | 19.8% | ||
| Q4 24 | 8.3% | 30.2% | ||
| Q3 24 | -4.7% | -34.2% | ||
| Q2 24 | 46.1% | 9.6% | ||
| Q1 24 | 10.9% | 12.2% |
净利率INTUWTW
| Q4 25 | 11.5% | 25.5% | ||
| Q3 25 | 9.9% | 13.6% | ||
| Q2 25 | 36.4% | 14.9% | ||
| Q1 25 | 11.9% | 10.8% | ||
| Q4 24 | 6.0% | 41.7% | ||
| Q3 24 | -0.6% | -74.8% | ||
| Q2 24 | 35.5% | 6.4% | ||
| Q1 24 | 10.4% | 8.3% |
每股收益（稀释后）INTUWTW
| Q4 25 | $1.59 | $7.50 | ||
| Q3 25 | $1.28 | $3.11 | ||
| Q2 25 | $10.02 | $3.32 | ||
| Q1 25 | $1.67 | $2.33 | ||
| Q4 24 | $0.70 | $12.29 | ||
| Q3 24 | $-0.09 | $-16.44 | ||
| Q2 24 | $8.42 | $1.36 | ||
| Q1 24 | $1.25 | $1.83 |
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 | $3.2B |
| 总债务越低越好 | $6.1B | $9.7B |
| 股东权益账面价值 | $19.3B | $8.0B |
| 总资产 | $33.2B | $29.5B |
| 负债/权益比越低杠杆越低 | 0.32× | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资INTUWTW
| Q4 25 | $3.5B | $3.2B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $5.4B | $2.0B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.9B | $1.9B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $4.2B | $1.2B | ||
| Q1 24 | $1.5B | $1.9B |
总债务INTUWTW
| Q4 25 | $6.1B | $9.7B | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.1B | $8.6B | ||
| Q3 24 | $6.0B | — | ||
| Q2 24 | $6.0B | — | ||
| Q1 24 | $6.0B | — |
股东权益INTUWTW
| Q4 25 | $19.3B | $8.0B | ||
| Q3 25 | $19.7B | $7.7B | ||
| Q2 25 | $20.1B | $8.1B | ||
| Q1 25 | $17.9B | $8.1B | ||
| Q4 24 | $18.1B | $7.9B | ||
| Q3 24 | $18.4B | $7.5B | ||
| Q2 24 | $18.8B | $9.3B | ||
| Q1 24 | $16.9B | $9.5B |
总资产INTUWTW
| Q4 25 | $33.2B | $29.5B | ||
| Q3 25 | $37.0B | $27.4B | ||
| Q2 25 | $36.6B | $28.5B | ||
| Q1 25 | $31.7B | $28.1B | ||
| Q4 24 | $33.2B | $27.7B | ||
| Q3 24 | $32.1B | $27.2B | ||
| Q2 24 | $31.6B | $29.6B | ||
| Q1 24 | $29.7B | $30.2B |
负债/权益比INTUWTW
| Q4 25 | 0.32× | 1.21× | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.34× | 1.08× | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | 0.35× | — |
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 | $771.0M |
| 自由现金流经营现金流 - 资本支出 | $599.0M | $708.0M |
| 自由现金流率自由现金流/营收 | 15.4% | 24.6% |
| 资本支出强度资本支出/营收 | 1.0% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.43× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $6.4B | $1.5B |
8季度趋势，按日历期对齐
经营现金流INTUWTW
| Q4 25 | $637.0M | $771.0M | ||
| Q3 25 | $381.0M | $678.0M | ||
| Q2 25 | $4.4B | $361.0M | ||
| Q1 25 | $1.1B | $-35.0M | ||
| Q4 24 | $362.0M | $599.0M | ||
| Q3 24 | $417.0M | $482.0M | ||
| Q2 24 | $4.0B | $407.0M | ||
| Q1 24 | $613.0M | $24.0M |
自由现金流INTUWTW
| Q4 25 | $599.0M | $708.0M | ||
| Q3 25 | $366.0M | $621.0M | ||
| Q2 25 | $4.4B | $303.0M | ||
| Q1 25 | $1.0B | $-86.0M | ||
| Q4 24 | $329.0M | $543.0M | ||
| Q3 24 | $400.0M | $419.0M | ||
| Q2 24 | $3.9B | $341.0M | ||
| Q1 24 | $550.0M | $-36.0M |
自由现金流率INTUWTW
| Q4 25 | 15.4% | 24.6% | ||
| Q3 25 | 9.6% | 27.7% | ||
| Q2 25 | 56.2% | 13.7% | ||
| Q1 25 | 26.2% | -3.9% | ||
| Q4 24 | 10.0% | 18.2% | ||
| Q3 24 | 12.6% | 18.7% | ||
| Q2 24 | 57.7% | 15.4% | ||
| Q1 24 | 16.2% | -1.6% |
资本支出强度INTUWTW
| Q4 25 | 1.0% | 2.2% | ||
| Q3 25 | 0.4% | 2.5% | ||
| Q2 25 | 0.5% | 2.6% | ||
| Q1 25 | 0.8% | 2.3% | ||
| Q4 24 | 1.0% | 1.9% | ||
| Q3 24 | 0.5% | 2.8% | ||
| Q2 24 | 0.9% | 3.0% | ||
| Q1 24 | 1.9% | 2.6% |
现金转化率INTUWTW
| Q4 25 | 1.43× | 1.05× | ||
| Q3 25 | 1.00× | 2.23× | ||
| Q2 25 | 1.56× | 1.09× | ||
| Q1 25 | 2.27× | -0.15× | ||
| Q4 24 | 1.84× | 0.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.65× | 2.89× | ||
| Q1 24 | 1.74× | 0.13× |
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% |
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
