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伊利诺伊工具公司（ITW）与万豪国际（MAR）财务数据对比。点击上方公司名可切换其他公司
万豪国际的季度营收约是伊利诺伊工具公司的1.6倍（$6.7B vs $4.1B），伊利诺伊工具公司净利率更高（19.3% vs 6.7%，领先12.6%），伊利诺伊工具公司同比增速更快（4.1% vs 4.1%），过去两年万豪国际的营收复合增速更高（5.8% vs 1.5%）
ITW（伊利诺伊工具公司）是美国财富500强企业，1912年由拜伦·L·史密斯创立。公司主营工程紧固件及组件、设备与耗材系统、特种产品等，依托去中心化、精简运营、以客户为中心的创新及收购策略稳步发展，在全球工业制造领域拥有较高知名度。
万豪国际是美国跨国酒店管理集团，主营业务为运营、特许经营及授权各类住宿品牌，覆盖酒店、住宅、分时度假等多元物业类型。集团旗下拥有37个以上酒店及时度假品牌，全球布局9000余处经营点位，客房总量超159万间，总部位于美国马里兰州贝塞斯达，脱胎于原万豪集团的酒店业务板块。
ITW vs MAR — 直观对比
营收规模更大
MAR
是对方的1.6倍
$4.1B
营收增速更快
ITW
高出0.0%
4.1%
净利率更高
ITW
高出12.6%
6.7%
两年增速更快
MAR
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $6.7B |
| 净利润 | $790.0M | $445.0M |
| 毛利率 | 53.0% | — |
| 营业利润率 | 26.5% | 11.6% |
| 净利率 | 19.3% | 6.7% |
| 营收同比 | 4.1% | 4.1% |
| 净利润同比 | 5.3% | -2.2% |
| 每股收益（稀释后） | $2.72 | $1.67 |
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ITWMAR
| Q4 25 | $4.1B | $6.7B | ||
| Q3 25 | $4.1B | $6.5B | ||
| Q2 25 | $4.1B | $6.7B | ||
| Q1 25 | $3.8B | $6.3B | ||
| Q4 24 | $3.9B | $6.4B | ||
| Q3 24 | $4.0B | $6.3B | ||
| Q2 24 | $4.0B | $6.4B | ||
| Q1 24 | $4.0B | $6.0B |
净利润ITWMAR
| Q4 25 | $790.0M | $445.0M | ||
| Q3 25 | $821.0M | $728.0M | ||
| Q2 25 | $755.0M | $763.0M | ||
| Q1 25 | $700.0M | $665.0M | ||
| Q4 24 | $750.0M | $455.0M | ||
| Q3 24 | $1.2B | $584.0M | ||
| Q2 24 | $759.0M | $772.0M | ||
| Q1 24 | $819.0M | $564.0M |
毛利率ITWMAR
| Q4 25 | 53.0% | — | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 52.8% | — | ||
| Q1 25 | 52.6% | — | ||
| Q4 24 | 52.1% | — | ||
| Q3 24 | 52.5% | — | ||
| Q2 24 | 52.3% | — | ||
| Q1 24 | 51.7% | — |
营业利润率ITWMAR
| Q4 25 | 26.5% | 11.6% | ||
| Q3 25 | 27.4% | 18.2% | ||
| Q2 25 | 26.4% | 18.3% | ||
| Q1 25 | 24.8% | 15.1% | ||
| Q4 24 | 26.2% | 11.7% | ||
| Q3 24 | 26.5% | 15.1% | ||
| Q2 24 | 26.2% | 18.6% | ||
| Q1 24 | 28.4% | 14.7% |
净利率ITWMAR
| Q4 25 | 19.3% | 6.7% | ||
| Q3 25 | 20.2% | 11.2% | ||
| Q2 25 | 18.6% | 11.3% | ||
| Q1 25 | 18.2% | 10.6% | ||
| Q4 24 | 19.1% | 7.1% | ||
| Q3 24 | 29.2% | 9.3% | ||
| Q2 24 | 18.8% | 12.0% | ||
| Q1 24 | 20.6% | 9.4% |
每股收益（稀释后）ITWMAR
| Q4 25 | $2.72 | $1.67 | ||
| Q3 25 | $2.81 | $2.67 | ||
| Q2 25 | $2.58 | $2.78 | ||
| Q1 25 | $2.38 | $2.39 | ||
| Q4 24 | $2.53 | $1.64 | ||
| Q3 24 | $3.91 | $2.07 | ||
| Q2 24 | $2.54 | $2.69 | ||
| Q1 24 | $2.73 | $1.93 |
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 | $851.0M | $358.0M |
| 总债务越低越好 | $7.7B | $15.0B |
| 股东权益账面价值 | $3.2B | $-3.8B |
| 总资产 | $16.1B | $27.5B |
| 负债/权益比越低杠杆越低 | 2.38× | — |
8季度趋势，按日历期对齐
现金及短期投资ITWMAR
| Q4 25 | $851.0M | $358.0M | ||
| Q3 25 | $924.0M | $678.0M | ||
| Q2 25 | $788.0M | $671.0M | ||
| Q1 25 | $873.0M | $523.0M | ||
| Q4 24 | $948.0M | $396.0M | ||
| Q3 24 | $947.0M | $394.0M | ||
| Q2 24 | $862.0M | $349.0M | ||
| Q1 24 | $959.0M | $429.0M |
总债务ITWMAR
| Q4 25 | $7.7B | $15.0B | ||
| Q3 25 | — | $14.4B | ||
| Q2 25 | — | $14.5B | ||
| Q1 25 | — | $14.1B | ||
| Q4 24 | $7.1B | $13.1B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $12.2B | ||
| Q1 24 | — | $11.7B |
股东权益ITWMAR
| Q4 25 | $3.2B | $-3.8B | ||
| Q3 25 | $3.2B | $-3.1B | ||
| Q2 25 | $3.2B | $-3.0B | ||
| Q1 25 | $3.2B | $-3.2B | ||
| Q4 24 | $3.3B | $-3.0B | ||
| Q3 24 | $3.4B | $-2.4B | ||
| Q2 24 | $3.0B | $-2.1B | ||
| Q1 24 | $3.0B | $-1.6B |
总资产ITWMAR
| Q4 25 | $16.1B | $27.5B | ||
| Q3 25 | $16.1B | $27.8B | ||
| Q2 25 | $16.0B | $27.3B | ||
| Q1 25 | $15.5B | $26.7B | ||
| Q4 24 | $15.1B | $26.2B | ||
| Q3 24 | $15.8B | $26.2B | ||
| Q2 24 | $15.6B | $25.7B | ||
| Q1 24 | $15.1B | $25.8B |
负债/权益比ITWMAR
| Q4 25 | 2.38× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $963.0M | $829.0M |
| 自由现金流经营现金流 - 资本支出 | $858.0M | — |
| 自由现金流率自由现金流/营收 | 21.0% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 1.22× | 1.86× |
| 过去12个月自由现金流最近4个季度 | $2.7B | — |
8季度趋势，按日历期对齐
经营现金流ITWMAR
| Q4 25 | $963.0M | $829.0M | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $550.0M | $643.0M | ||
| Q1 25 | $592.0M | $647.0M | ||
| Q4 24 | $1.1B | $318.0M | ||
| Q3 24 | $891.0M | $880.0M | ||
| Q2 24 | $687.0M | $772.0M | ||
| Q1 24 | $589.0M | $779.0M |
自由现金流ITWMAR
| Q4 25 | $858.0M | — | ||
| Q3 25 | $904.0M | $951.0M | ||
| Q2 25 | $449.0M | $488.0M | ||
| Q1 25 | $496.0M | $512.0M | ||
| Q4 24 | $996.0M | $-24.0M | ||
| Q3 24 | $783.0M | $706.0M | ||
| Q2 24 | $571.0M | $647.0M | ||
| Q1 24 | $494.0M | $670.0M |
自由现金流率ITWMAR
| Q4 25 | 21.0% | — | ||
| Q3 25 | 22.3% | 14.7% | ||
| Q2 25 | 11.1% | 7.2% | ||
| Q1 25 | 12.9% | 8.2% | ||
| Q4 24 | 25.3% | -0.4% | ||
| Q3 24 | 19.7% | 11.3% | ||
| Q2 24 | 14.2% | 10.0% | ||
| Q1 24 | 12.4% | 11.2% |
资本支出强度ITWMAR
| Q4 25 | 2.6% | — | ||
| Q3 25 | 2.9% | 2.2% | ||
| Q2 25 | 2.5% | 2.3% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q4 24 | 3.0% | 5.3% | ||
| Q3 24 | 2.7% | 2.8% | ||
| Q2 24 | 2.9% | 1.9% | ||
| Q1 24 | 2.4% | 1.8% |
现金转化率ITWMAR
| Q4 25 | 1.22× | 1.86× | ||
| Q3 25 | 1.24× | 1.50× | ||
| Q2 25 | 0.73× | 0.84× | ||
| Q1 25 | 0.85× | 0.97× | ||
| Q4 24 | 1.49× | 0.70× | ||
| Q3 24 | 0.77× | 1.51× | ||
| Q2 24 | 0.91× | 1.00× | ||
| Q1 24 | 0.72× | 1.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
