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高德纳（IT）与Teledyne Technologies（TDY）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Teledyne Technologies的1.1倍（$1.8B vs $1.6B），Teledyne Technologies净利率更高（17.1% vs 13.8%，领先3.3%），Teledyne Technologies同比增速更快（7.3% vs 2.2%），Teledyne Technologies自由现金流更多（$339.2M vs $270.7M），过去两年Teledyne Technologies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。
Teledyne Technologies是美国大型工业集团企业，1960年由亨利·辛格尔顿与乔治·科兹梅茨基共同创立，最初成立时名为Teledyne Inc.，发展至今在全球工业技术领域拥有较高的行业知名度与市场影响力。
IT vs TDY — 直观对比
营收规模更大
IT
是对方的1.1倍
$1.6B
营收增速更快
TDY
高出5.1%
2.2%
净利率更高
TDY
高出3.3%
13.8%
自由现金流更多
TDY
多$68.5M
$270.7M
两年增速更快
TDY
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.6B |
| 净利润 | $242.2M | $275.6M |
| 毛利率 | 67.8% | 42.9% |
| 营业利润率 | 19.1% | 20.4% |
| 净利率 | 13.8% | 17.1% |
| 营收同比 | 2.2% | 7.3% |
| 净利润同比 | -39.2% | 38.8% |
| 每股收益（稀释后） | $3.36 | $5.81 |
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ITTDY
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.5B | $1.4B |
净利润ITTDY
| Q4 25 | $242.2M | $275.6M | ||
| Q3 25 | $35.4M | $220.7M | ||
| Q2 25 | $240.8M | $209.9M | ||
| Q1 25 | $210.9M | $188.6M | ||
| Q4 24 | $398.6M | $198.5M | ||
| Q3 24 | $415.0M | $262.0M | ||
| Q2 24 | $229.5M | $180.2M | ||
| Q1 24 | $210.5M | $178.5M |
毛利率ITTDY
| Q4 25 | 67.8% | 42.9% | ||
| Q3 25 | 69.3% | 42.8% | ||
| Q2 25 | 68.6% | 42.6% | ||
| Q1 25 | 69.4% | 42.7% | ||
| Q4 24 | 66.8% | 42.8% | ||
| Q3 24 | 68.4% | 42.9% | ||
| Q2 24 | 68.6% | 43.1% | ||
| Q1 24 | 69.4% | 43.0% |
营业利润率ITTDY
| Q4 25 | 19.1% | 20.4% | ||
| Q3 25 | 5.7% | 18.4% | ||
| Q2 25 | 19.4% | 18.4% | ||
| Q1 25 | 18.1% | 17.9% | ||
| Q4 24 | 18.5% | 15.8% | ||
| Q3 24 | 16.6% | 18.8% | ||
| Q2 24 | 20.0% | 18.0% | ||
| Q1 24 | 18.6% | 17.4% |
净利率ITTDY
| Q4 25 | 13.8% | 17.1% | ||
| Q3 25 | 2.3% | 14.3% | ||
| Q2 25 | 14.3% | 13.9% | ||
| Q1 25 | 13.7% | 13.0% | ||
| Q4 24 | 23.2% | 13.2% | ||
| Q3 24 | 28.0% | 18.2% | ||
| Q2 24 | 14.4% | 13.1% | ||
| Q1 24 | 14.3% | 13.2% |
每股收益（稀释后）ITTDY
| Q4 25 | $3.36 | $5.81 | ||
| Q3 25 | $0.47 | $4.65 | ||
| Q2 25 | $3.11 | $4.43 | ||
| Q1 25 | $2.71 | $3.99 | ||
| Q4 24 | $5.08 | $4.18 | ||
| Q3 24 | $5.32 | $5.54 | ||
| Q2 24 | $2.93 | $3.77 | ||
| Q1 24 | $2.67 | $3.72 |
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 | $352.4M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $319.9M | $10.5B |
| 总资产 | $8.1B | $15.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ITTDY
| Q4 25 | $1.7B | $352.4M | ||
| Q3 25 | $1.4B | $528.6M | ||
| Q2 25 | $2.2B | $310.9M | ||
| Q1 25 | $2.1B | $461.5M | ||
| Q4 24 | $1.9B | $649.8M | ||
| Q3 24 | $1.8B | $561.0M | ||
| Q2 24 | $1.2B | $443.2M | ||
| Q1 24 | $1.2B | $912.4M |
总债务ITTDY
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $3.2B |
股东权益ITTDY
| Q4 25 | $319.9M | $10.5B | ||
| Q3 25 | $556.6M | $10.6B | ||
| Q2 25 | $1.5B | $10.4B | ||
| Q1 25 | $1.5B | $9.9B | ||
| Q4 24 | $1.4B | $9.5B | ||
| Q3 24 | $1.1B | $9.6B | ||
| Q2 24 | $646.7M | $9.3B | ||
| Q1 24 | $718.2M | $9.3B |
总资产ITTDY
| Q4 25 | $8.1B | $15.3B | ||
| Q3 25 | $7.2B | $15.4B | ||
| Q2 25 | $8.3B | $15.1B | ||
| Q1 25 | $8.5B | $15.0B | ||
| Q4 24 | $8.5B | $14.2B | ||
| Q3 24 | $7.8B | $14.5B | ||
| Q2 24 | $7.4B | $14.2B | ||
| Q1 24 | $7.7B | $14.6B |
负债/权益比ITTDY
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.30× | ||
| 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 | $294.5M | $379.0M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $339.2M |
| 自由现金流率自由现金流/营收 | 15.4% | 21.0% |
| 资本支出强度资本支出/营收 | 1.4% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.22× | 1.38× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.1B |
8季度趋势，按日历期对齐
经营现金流ITTDY
| Q4 25 | $294.5M | $379.0M | ||
| Q3 25 | $298.7M | $343.1M | ||
| Q2 25 | $383.6M | $226.6M | ||
| Q1 25 | $313.5M | $242.6M | ||
| Q4 24 | $335.4M | $332.4M | ||
| Q3 24 | $590.8M | $249.8M | ||
| Q2 24 | $370.0M | $318.7M | ||
| Q1 24 | $188.8M | $291.0M |
自由现金流ITTDY
| Q4 25 | $270.7M | $339.2M | ||
| Q3 25 | $269.3M | $313.9M | ||
| Q2 25 | $347.3M | $196.3M | ||
| Q1 25 | $287.9M | $224.6M | ||
| Q4 24 | $311.4M | $303.4M | ||
| Q3 24 | $565.0M | $228.7M | ||
| Q2 24 | $340.6M | $301.0M | ||
| Q1 24 | $166.2M | $275.1M |
自由现金流率ITTDY
| Q4 25 | 15.4% | 21.0% | ||
| Q3 25 | 17.7% | 20.4% | ||
| Q2 25 | 20.6% | 13.0% | ||
| Q1 25 | 18.8% | 15.5% | ||
| Q4 24 | 18.2% | 20.2% | ||
| Q3 24 | 38.1% | 15.8% | ||
| Q2 24 | 21.4% | 21.9% | ||
| Q1 24 | 11.3% | 20.4% |
资本支出强度ITTDY
| Q4 25 | 1.4% | 2.5% | ||
| Q3 25 | 1.9% | 1.9% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 1.4% | 1.9% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 1.8% | 1.3% | ||
| Q1 24 | 1.5% | 1.2% |
现金转化率ITTDY
| Q4 25 | 1.22× | 1.38× | ||
| Q3 25 | 8.45× | 1.55× | ||
| Q2 25 | 1.59× | 1.08× | ||
| Q1 25 | 1.49× | 1.29× | ||
| Q4 24 | 0.84× | 1.67× | ||
| Q3 24 | 1.42× | 0.95× | ||
| Q2 24 | 1.61× | 1.77× | ||
| Q1 24 | 0.90× | 1.63× |
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% |
TDY
| Commercial And Other | $681.5M | 42% |
| Aerospace And Defense Electronics | $275.9M | 17% |
| Marine Instrumentation | $177.1M | 11% |
| United States Government | $169.0M | 10% |
| Environmental Instrumentation | $120.7M | 7% |
| Engineered Systems | $103.3M | 6% |
| Test And Measurement Instrumentation | $84.8M | 5% |
