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高德纳（IT）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是高德纳的1.2倍（$2.1B vs $1.8B），高德纳净利率更高（13.8% vs -13.9%，领先27.7%），高德纳同比增速更快（2.2% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $270.7M），过去两年高德纳的营收复合增速更高（9.1% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
IT vs OC — 直观对比
营收规模更大
OC
是对方的1.2倍
$1.8B
营收增速更快
IT
高出26.8%
-24.6%
净利率更高
IT
高出27.7%
-13.9%
自由现金流更多
OC
多$62.3M
$270.7M
两年增速更快
IT
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.1B |
| 净利润 | $242.2M | $-298.0M |
| 毛利率 | 67.8% | 23.2% |
| 营业利润率 | 19.1% | -10.5% |
| 净利率 | 13.8% | -13.9% |
| 营收同比 | 2.2% | -24.6% |
| 净利润同比 | -39.2% | -15.5% |
| 每股收益（稀释后） | $3.36 | $-3.47 |
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ITOC
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.7B | $2.7B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.5B | $3.0B | ||
| Q2 24 | $1.6B | $2.8B | ||
| Q1 24 | $1.5B | $2.3B |
净利润ITOC
| Q4 25 | $242.2M | $-298.0M | ||
| Q3 25 | $35.4M | $-494.0M | ||
| Q2 25 | $240.8M | $363.0M | ||
| Q1 25 | $210.9M | $-93.0M | ||
| Q4 24 | $398.6M | $-258.0M | ||
| Q3 24 | $415.0M | $321.0M | ||
| Q2 24 | $229.5M | $285.0M | ||
| Q1 24 | $210.5M | $299.0M |
毛利率ITOC
| Q4 25 | 67.8% | 23.2% | ||
| Q3 25 | 69.3% | 28.2% | ||
| Q2 25 | 68.6% | 31.2% | ||
| Q1 25 | 69.4% | 28.7% | ||
| Q4 24 | 66.8% | 28.1% | ||
| Q3 24 | 68.4% | 29.8% | ||
| Q2 24 | 68.6% | 31.1% | ||
| Q1 24 | 69.4% | 29.6% |
营业利润率ITOC
| Q4 25 | 19.1% | -10.5% | ||
| Q3 25 | 5.7% | -12.2% | ||
| Q2 25 | 19.4% | 18.4% | ||
| Q1 25 | 18.1% | 16.1% | ||
| Q4 24 | 18.5% | -8.5% | ||
| Q3 24 | 16.6% | 16.7% | ||
| Q2 24 | 20.0% | 16.4% | ||
| Q1 24 | 18.6% | 17.5% |
净利率ITOC
| Q4 25 | 13.8% | -13.9% | ||
| Q3 25 | 2.3% | -18.4% | ||
| Q2 25 | 14.3% | 13.2% | ||
| Q1 25 | 13.7% | -3.7% | ||
| Q4 24 | 23.2% | -9.1% | ||
| Q3 24 | 28.0% | 10.5% | ||
| Q2 24 | 14.4% | 10.2% | ||
| Q1 24 | 14.3% | 13.0% |
每股收益（稀释后）ITOC
| Q4 25 | $3.36 | $-3.47 | ||
| Q3 25 | $0.47 | $-5.92 | ||
| Q2 25 | $3.11 | $4.25 | ||
| Q1 25 | $2.71 | $-1.08 | ||
| Q4 24 | $5.08 | $-2.92 | ||
| Q3 24 | $5.32 | $3.65 | ||
| Q2 24 | $2.93 | $3.24 | ||
| Q1 24 | $2.67 | $3.40 |
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 | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $319.9M | $3.9B |
| 总资产 | $8.1B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资ITOC
| Q4 25 | $1.7B | $345.0M | ||
| Q3 25 | $1.4B | $286.0M | ||
| Q2 25 | $2.2B | $230.0M | ||
| Q1 25 | $2.1B | $400.0M | ||
| Q4 24 | $1.9B | $361.0M | ||
| Q3 24 | $1.8B | $499.0M | ||
| Q2 24 | $1.2B | $254.0M | ||
| Q1 24 | $1.2B | $1.3B |
总债务ITOC
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益ITOC
| Q4 25 | $319.9M | $3.9B | ||
| Q3 25 | $556.6M | $4.4B | ||
| Q2 25 | $1.5B | $5.2B | ||
| Q1 25 | $1.5B | $4.9B | ||
| Q4 24 | $1.4B | $5.1B | ||
| Q3 24 | $1.1B | $5.6B | ||
| Q2 24 | $646.7M | $5.5B | ||
| Q1 24 | $718.2M | $5.2B |
总资产ITOC
| Q4 25 | $8.1B | $13.0B | ||
| Q3 25 | $7.2B | $13.5B | ||
| Q2 25 | $8.3B | $14.5B | ||
| Q1 25 | $8.5B | $14.3B | ||
| Q4 24 | $8.5B | $14.1B | ||
| Q3 24 | $7.8B | $15.1B | ||
| Q2 24 | $7.4B | $15.0B | ||
| Q1 24 | $7.7B | $11.3B |
负债/权益比ITOC
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $333.0M |
| 自由现金流率自由现金流/营收 | 15.4% | 15.5% |
| 资本支出强度资本支出/营收 | 1.4% | 12.0% |
| 现金转化率经营现金流/净利润 | 1.22× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $962.0M |
8季度趋势，按日历期对齐
经营现金流ITOC
| Q4 25 | $294.5M | $590.0M | ||
| Q3 25 | $298.7M | $918.0M | ||
| Q2 25 | $383.6M | $327.0M | ||
| Q1 25 | $313.5M | $-49.0M | ||
| Q4 24 | $335.4M | $676.0M | ||
| Q3 24 | $590.8M | $699.0M | ||
| Q2 24 | $370.0M | $493.0M | ||
| Q1 24 | $188.8M | $24.0M |
自由现金流ITOC
| Q4 25 | $270.7M | $333.0M | ||
| Q3 25 | $269.3M | $752.0M | ||
| Q2 25 | $347.3M | $129.0M | ||
| Q1 25 | $287.9M | $-252.0M | ||
| Q4 24 | $311.4M | $479.0M | ||
| Q3 24 | $565.0M | $558.0M | ||
| Q2 24 | $340.6M | $336.0M | ||
| Q1 24 | $166.2M | $-128.0M |
自由现金流率ITOC
| Q4 25 | 15.4% | 15.5% | ||
| Q3 25 | 17.7% | 28.0% | ||
| Q2 25 | 20.6% | 4.7% | ||
| Q1 25 | 18.8% | -10.0% | ||
| Q4 24 | 18.2% | 16.9% | ||
| Q3 24 | 38.1% | 18.3% | ||
| Q2 24 | 21.4% | 12.0% | ||
| Q1 24 | 11.3% | -5.6% |
资本支出强度ITOC
| Q4 25 | 1.4% | 12.0% | ||
| Q3 25 | 1.9% | 6.2% | ||
| Q2 25 | 2.1% | 7.2% | ||
| Q1 25 | 1.7% | 8.0% | ||
| Q4 24 | 1.4% | 6.9% | ||
| Q3 24 | 1.7% | 4.6% | ||
| Q2 24 | 1.8% | 5.6% | ||
| Q1 24 | 1.5% | 6.6% |
现金转化率ITOC
| Q4 25 | 1.22× | — | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 1.59× | 0.90× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.42× | 2.18× | ||
| Q2 24 | 1.61× | 1.73× | ||
| Q1 24 | 0.90× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
