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景顺（IVZ）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
赛莱默的季度营收约是景顺的1.3倍（$2.1B vs $1.7B），赛莱默净利率更高（8.9% vs -58.9%，领先67.8%），景顺同比增速更快（6.2% vs 2.7%），过去两年景顺的营收复合增速更高（7.1% vs -1.0%）
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
IVZ vs XYL — 直观对比
营收规模更大
XYL
是对方的1.3倍
$1.7B
营收增速更快
IVZ
高出3.5%
2.7%
净利率更高
XYL
高出67.8%
-58.9%
两年增速更快
IVZ
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.1B |
| 净利润 | $-995.9M | $189.0M |
| 毛利率 | — | 37.8% |
| 营业利润率 | -86.2% | 11.5% |
| 净利率 | -58.9% | 8.9% |
| 营收同比 | 6.2% | 2.7% |
| 净利润同比 | -575.8% | 13.2% |
| 每股收益（稀释后） | $-2.61 | $0.79 |
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IVZXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.5B | $2.2B |
净利润IVZXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $-995.9M | $335.0M | ||
| Q3 25 | $356.4M | $227.0M | ||
| Q2 25 | $197.4M | $226.0M | ||
| Q1 25 | $171.1M | $169.0M | ||
| Q4 24 | $209.3M | $326.0M | ||
| Q3 24 | $55.0M | $217.0M | ||
| Q2 24 | $132.2M | $194.0M |
毛利率IVZXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 38.9% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.8% |
营业利润率IVZXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | -86.2% | 14.7% | ||
| Q3 25 | 16.5% | 14.7% | ||
| Q2 25 | 14.1% | 13.3% | ||
| Q1 25 | 18.1% | 11.2% | ||
| Q4 24 | 19.6% | 11.8% | ||
| Q3 24 | 6.6% | 13.3% | ||
| Q2 24 | 13.9% | 11.7% |
净利率IVZXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | -58.9% | 14.0% | ||
| Q3 25 | 21.7% | 10.0% | ||
| Q2 25 | 13.0% | 9.8% | ||
| Q1 25 | 11.2% | 8.2% | ||
| Q4 24 | 13.1% | 14.5% | ||
| Q3 24 | 3.6% | 10.3% | ||
| Q2 24 | 8.9% | 8.9% |
每股收益（稀释后）IVZXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $-2.61 | $1.37 | ||
| Q3 25 | $0.66 | $0.93 | ||
| Q2 25 | $-0.03 | $0.93 | ||
| Q1 25 | $0.38 | $0.69 | ||
| Q4 24 | $0.46 | $1.33 | ||
| Q3 24 | $0.12 | $0.89 | ||
| Q2 24 | $0.29 | $0.80 |
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 | $1.0B | $808.0M |
| 总债务越低越好 | $1.8B | $1.9B |
| 股东权益账面价值 | $12.2B | $11.0B |
| 总资产 | $27.1B | $17.0B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资IVZXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $973.1M | $1.2B | ||
| Q2 25 | $922.7M | $1.2B | ||
| Q1 25 | $821.7M | $1.1B | ||
| Q4 24 | $986.5M | $1.1B | ||
| Q3 24 | $1.0B | $989.0M | ||
| Q2 24 | $878.5M | $815.0M |
总债务IVZXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $964.8M | $2.0B | ||
| Q4 24 | $890.6M | $2.0B | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | — |
股东权益IVZXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $12.2B | $11.5B | ||
| Q3 25 | $14.0B | $11.2B | ||
| Q2 25 | $13.9B | $11.1B | ||
| Q1 25 | $14.7B | $10.8B | ||
| Q4 24 | $14.6B | $10.6B | ||
| Q3 24 | $14.8B | $10.6B | ||
| Q2 24 | $14.6B | $10.3B |
总资产IVZXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $27.1B | $17.6B | ||
| Q3 25 | $28.4B | $17.3B | ||
| Q2 25 | $28.5B | $17.2B | ||
| Q1 25 | $28.1B | $16.6B | ||
| Q4 24 | $27.0B | $16.5B | ||
| Q3 24 | $27.5B | $16.0B | ||
| Q2 24 | $27.2B | $15.8B |
负债/权益比IVZXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | 0.15× | 0.17× | ||
| Q3 25 | 0.12× | 0.18× | ||
| Q2 25 | 0.14× | 0.18× | ||
| Q1 25 | 0.07× | 0.19× | ||
| Q4 24 | 0.06× | 0.19× | ||
| Q3 24 | 0.06× | — | ||
| Q2 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 | $455.8M | — |
| 自由现金流经营现金流 - 资本支出 | $432.2M | — |
| 自由现金流率自由现金流/营收 | 25.5% | — |
| 资本支出强度资本支出/营收 | 1.4% | 4.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流IVZXYL
| Q1 26 | — | — | ||
| Q4 25 | $455.8M | $543.0M | ||
| Q3 25 | $606.2M | $360.0M | ||
| Q2 25 | $547.9M | $305.0M | ||
| Q1 25 | $-84.6M | $33.0M | ||
| Q4 24 | $316.9M | $575.0M | ||
| Q3 24 | $438.4M | $311.0M | ||
| Q2 24 | $489.1M | $288.0M |
自由现金流IVZXYL
| Q1 26 | — | — | ||
| Q4 25 | $432.2M | $460.0M | ||
| Q3 25 | $586.4M | $281.0M | ||
| Q2 25 | $530.4M | $207.0M | ||
| Q1 25 | $-108.0M | $-38.0M | ||
| Q4 24 | $309.9M | $475.0M | ||
| Q3 24 | $410.0M | $237.0M | ||
| Q2 24 | $462.4M | $215.0M |
自由现金流率IVZXYL
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 19.2% | ||
| Q3 25 | 35.7% | 12.4% | ||
| Q2 25 | 35.0% | 9.0% | ||
| Q1 25 | -7.1% | -1.8% | ||
| Q4 24 | 19.5% | 21.1% | ||
| Q3 24 | 27.1% | 11.3% | ||
| Q2 24 | 31.2% | 9.9% |
资本支出强度IVZXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 1.4% | 3.5% | ||
| Q3 25 | 1.2% | 3.5% | ||
| Q2 25 | 1.2% | 4.3% | ||
| Q1 25 | 1.5% | 3.4% | ||
| Q4 24 | 0.4% | 4.4% | ||
| Q3 24 | 1.9% | 3.5% | ||
| Q2 24 | 1.8% | 3.4% |
现金转化率IVZXYL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | 1.70× | 1.59× | ||
| Q2 25 | 2.78× | 1.35× | ||
| Q1 25 | -0.49× | 0.20× | ||
| Q4 24 | 1.51× | 1.76× | ||
| Q3 24 | 7.97× | 1.43× | ||
| Q2 24 | 3.70× | 1.48× |
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
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
