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高德纳（IT）与MYR GROUP INC.（MYRG）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是MYR GROUP INC.的1.8倍（$1.8B vs $973.5M），高德纳净利率更高（13.8% vs 3.8%，领先10.1%），MYR GROUP INC.同比增速更快（17.3% vs 2.2%），高德纳自由现金流更多（$270.7M vs $84.9M），过去两年MYR GROUP INC.的营收复合增速更高（9.3% vs 9.1%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
IT vs MYRG — 直观对比
营收规模更大
IT
是对方的1.8倍
$973.5M
营收增速更快
MYRG
高出15.1%
2.2%
净利率更高
IT
高出10.1%
3.8%
自由现金流更多
IT
多$185.8M
$84.9M
两年增速更快
MYRG
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $973.5M |
| 净利润 | $242.2M | $36.5M |
| 毛利率 | 67.8% | 11.4% |
| 营业利润率 | 19.1% | 4.8% |
| 净利率 | 13.8% | 3.8% |
| 营收同比 | 2.2% | 17.3% |
| 净利润同比 | -39.2% | 129.1% |
| 每股收益（稀释后） | $3.36 | $2.33 |
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ITMYRG
| Q4 25 | $1.8B | $973.5M | ||
| Q3 25 | $1.5B | $950.4M | ||
| Q2 25 | $1.7B | $900.3M | ||
| Q1 25 | $1.5B | $833.6M | ||
| Q4 24 | $1.7B | $829.8M | ||
| Q3 24 | $1.5B | $888.0M | ||
| Q2 24 | $1.6B | $828.9M | ||
| Q1 24 | $1.5B | $815.6M |
净利润ITMYRG
| Q4 25 | $242.2M | $36.5M | ||
| Q3 25 | $35.4M | $32.1M | ||
| Q2 25 | $240.8M | $26.5M | ||
| Q1 25 | $210.9M | $23.3M | ||
| Q4 24 | $398.6M | $16.0M | ||
| Q3 24 | $415.0M | $10.6M | ||
| Q2 24 | $229.5M | $-15.3M | ||
| Q1 24 | $210.5M | $18.9M |
毛利率ITMYRG
| Q4 25 | 67.8% | 11.4% | ||
| Q3 25 | 69.3% | 11.8% | ||
| Q2 25 | 68.6% | 11.5% | ||
| Q1 25 | 69.4% | 11.6% | ||
| Q4 24 | 66.8% | 10.4% | ||
| Q3 24 | 68.4% | 8.7% | ||
| Q2 24 | 68.6% | 4.9% | ||
| Q1 24 | 69.4% | 10.6% |
营业利润率ITMYRG
| Q4 25 | 19.1% | 4.8% | ||
| Q3 25 | 5.7% | 4.9% | ||
| Q2 25 | 19.4% | 4.4% | ||
| Q1 25 | 18.1% | 4.1% | ||
| Q4 24 | 18.5% | 3.6% | ||
| Q3 24 | 16.6% | 2.3% | ||
| Q2 24 | 20.0% | -2.5% | ||
| Q1 24 | 18.6% | 3.0% |
净利率ITMYRG
| Q4 25 | 13.8% | 3.8% | ||
| Q3 25 | 2.3% | 3.4% | ||
| Q2 25 | 14.3% | 2.9% | ||
| Q1 25 | 13.7% | 2.8% | ||
| Q4 24 | 23.2% | 1.9% | ||
| Q3 24 | 28.0% | 1.2% | ||
| Q2 24 | 14.4% | -1.8% | ||
| Q1 24 | 14.3% | 2.3% |
每股收益（稀释后）ITMYRG
| Q4 25 | $3.36 | $2.33 | ||
| Q3 25 | $0.47 | $2.05 | ||
| Q2 25 | $3.11 | $1.70 | ||
| Q1 25 | $2.71 | $1.45 | ||
| Q4 24 | $5.08 | $0.97 | ||
| Q3 24 | $5.32 | $0.65 | ||
| Q2 24 | $2.93 | $-0.91 | ||
| Q1 24 | $2.67 | $1.12 |
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 | $1.7B | $150.2M |
| 总债务越低越好 | — | $59.0M |
| 股东权益账面价值 | $319.9M | $660.4M |
| 总资产 | $8.1B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ITMYRG
| Q4 25 | $1.7B | $150.2M | ||
| Q3 25 | $1.4B | $76.2M | ||
| Q2 25 | $2.2B | $23.0M | ||
| Q1 25 | $2.1B | $10.9M | ||
| Q4 24 | $1.9B | $3.5M | ||
| Q3 24 | $1.8B | $7.6M | ||
| Q2 24 | $1.2B | $1.9M | ||
| Q1 24 | $1.2B | $3.9M |
总债务ITMYRG
| Q4 25 | — | $59.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | — | $86.1M | ||
| Q1 25 | — | $87.2M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $93.2M | ||
| Q2 24 | — | $45.1M | ||
| Q1 24 | — | $37.9M |
股东权益ITMYRG
| Q4 25 | $319.9M | $660.4M | ||
| Q3 25 | $556.6M | $617.6M | ||
| Q2 25 | $1.5B | $583.2M | ||
| Q1 25 | $1.5B | $548.7M | ||
| Q4 24 | $1.4B | $600.4M | ||
| Q3 24 | $1.1B | $588.5M | ||
| Q2 24 | $646.7M | $633.3M | ||
| Q1 24 | $718.2M | $663.7M |
总资产ITMYRG
| Q4 25 | $8.1B | $1.6B | ||
| Q3 25 | $7.2B | $1.6B | ||
| Q2 25 | $8.3B | $1.6B | ||
| Q1 25 | $8.5B | $1.5B | ||
| Q4 24 | $8.5B | $1.6B | ||
| Q3 24 | $7.8B | $1.6B | ||
| Q2 24 | $7.4B | $1.6B | ||
| Q1 24 | $7.7B | $1.6B |
负债/权益比ITMYRG
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.06× |
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 | $294.5M | $114.8M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $84.9M |
| 自由现金流率自由现金流/营收 | 15.4% | 8.7% |
| 资本支出强度资本支出/营收 | 1.4% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.22× | 3.14× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $232.2M |
8季度趋势，按日历期对齐
经营现金流ITMYRG
| Q4 25 | $294.5M | $114.8M | ||
| Q3 25 | $298.7M | $95.6M | ||
| Q2 25 | $383.6M | $32.9M | ||
| Q1 25 | $313.5M | $83.3M | ||
| Q4 24 | $335.4M | $21.1M | ||
| Q3 24 | $590.8M | $35.6M | ||
| Q2 24 | $370.0M | $22.7M | ||
| Q1 24 | $188.8M | $7.7M |
自由现金流ITMYRG
| Q4 25 | $270.7M | $84.9M | ||
| Q3 25 | $269.3M | $65.4M | ||
| Q2 25 | $347.3M | $11.6M | ||
| Q1 25 | $287.9M | $70.2M | ||
| Q4 24 | $311.4M | $8.8M | ||
| Q3 24 | $565.0M | $18.0M | ||
| Q2 24 | $340.6M | $2.5M | ||
| Q1 24 | $166.2M | $-18.1M |
自由现金流率ITMYRG
| Q4 25 | 15.4% | 8.7% | ||
| Q3 25 | 17.7% | 6.9% | ||
| Q2 25 | 20.6% | 1.3% | ||
| Q1 25 | 18.8% | 8.4% | ||
| Q4 24 | 18.2% | 1.1% | ||
| Q3 24 | 38.1% | 2.0% | ||
| Q2 24 | 21.4% | 0.3% | ||
| Q1 24 | 11.3% | -2.2% |
资本支出强度ITMYRG
| Q4 25 | 1.4% | 3.1% | ||
| Q3 25 | 1.9% | 3.2% | ||
| Q2 25 | 2.1% | 2.4% | ||
| Q1 25 | 1.7% | 1.6% | ||
| Q4 24 | 1.4% | 1.5% | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 1.8% | 2.4% | ||
| Q1 24 | 1.5% | 3.2% |
现金转化率ITMYRG
| Q4 25 | 1.22× | 3.14× | ||
| Q3 25 | 8.45× | 2.98× | ||
| Q2 25 | 1.59× | 1.24× | ||
| Q1 25 | 1.49× | 3.57× | ||
| Q4 24 | 0.84× | 1.32× | ||
| Q3 24 | 1.42× | 3.35× | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | 0.90× | 0.41× |
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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
