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捷普（JBL）与梅西百货（M）财务数据对比。点击上方公司名可切换其他公司
捷普的季度营收约是梅西百货的1.8倍（$8.3B vs $4.7B），捷普净利率更高（1.8% vs 0.2%，领先1.5%），捷普同比增速更快（18.7% vs -0.6%），捷普自由现金流更多（$228.0M vs $-101.0M），过去两年捷普的营收复合增速更高（10.8% vs -23.8%）
捷普（Jabil Inc.）是美国跨国制造企业，业务涵盖电子电路板组件及系统的设计、研发与生产，同时提供供应链服务，核心客户以原始设备制造商（OEM）为主。公司总部位于佛罗里达州圣彼得堡Gateway区域，是坦帕湾地区规模最大的企业之一。
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
JBL vs M — 直观对比
营收规模更大
JBL
是对方的1.8倍
$4.7B
营收增速更快
JBL
高出19.4%
-0.6%
净利率更高
JBL
高出1.5%
0.2%
自由现金流更多
JBL
多$329.0M
$-101.0M
两年增速更快
JBL
近两年复合增速
-23.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.3B | $4.7B |
| 净利润 | $146.0M | $11.0M |
| 毛利率 | 8.9% | 39.4% |
| 营业利润率 | 3.4% | 0.9% |
| 净利率 | 1.8% | 0.2% |
| 营收同比 | 18.7% | -0.6% |
| 净利润同比 | 46.0% | -60.7% |
| 每股收益（稀释后） | $1.35 | $0.04 |
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JBLM
| Q4 25 | $8.3B | $4.7B | ||
| Q3 25 | $8.3B | $4.8B | ||
| Q2 25 | $7.8B | $4.6B | ||
| Q1 25 | $6.7B | $7.8B | ||
| Q4 24 | $7.0B | $4.7B | ||
| Q3 24 | $7.0B | $4.9B | ||
| Q2 24 | $6.8B | $4.8B | ||
| Q1 24 | $6.8B | $8.1B |
净利润JBLM
| Q4 25 | $146.0M | $11.0M | ||
| Q3 25 | $218.0M | $87.0M | ||
| Q2 25 | $222.0M | $38.0M | ||
| Q1 25 | $117.0M | $342.0M | ||
| Q4 24 | $100.0M | $28.0M | ||
| Q3 24 | $138.0M | $150.0M | ||
| Q2 24 | $129.0M | $62.0M | ||
| Q1 24 | $927.0M | $-71.0M |
毛利率JBLM
| Q4 25 | 8.9% | 39.4% | ||
| Q3 25 | 9.5% | 39.7% | ||
| Q2 25 | 8.7% | 39.2% | ||
| Q1 25 | 8.6% | 35.7% | ||
| Q4 24 | 8.7% | 39.6% | ||
| Q3 24 | 9.5% | 40.5% | ||
| Q2 24 | 9.0% | 39.2% | ||
| Q1 24 | 9.3% | 37.5% |
营业利润率JBLM
| Q4 25 | 3.4% | 0.9% | ||
| Q3 25 | 4.1% | 3.1% | ||
| Q2 25 | 5.1% | 2.0% | ||
| Q1 25 | 3.6% | 6.4% | ||
| Q4 24 | 2.8% | 1.3% | ||
| Q3 24 | 4.6% | 4.5% | ||
| Q2 24 | 3.9% | 2.6% | ||
| Q1 24 | 16.7% | -0.9% |
净利率JBLM
| Q4 25 | 1.8% | 0.2% | ||
| Q3 25 | 2.6% | 1.8% | ||
| Q2 25 | 2.8% | 0.8% | ||
| Q1 25 | 1.7% | 4.4% | ||
| Q4 24 | 1.4% | 0.6% | ||
| Q3 24 | 2.0% | 3.0% | ||
| Q2 24 | 1.9% | 1.3% | ||
| Q1 24 | 13.7% | -0.9% |
每股收益（稀释后）JBLM
| Q4 25 | $1.35 | $0.04 | ||
| Q3 25 | $1.95 | $0.31 | ||
| Q2 25 | $2.03 | $0.13 | ||
| Q1 25 | $1.06 | $1.22 | ||
| Q4 24 | $0.88 | $0.10 | ||
| Q3 24 | $1.33 | $0.53 | ||
| Q2 24 | $1.06 | $0.22 | ||
| Q1 24 | $7.31 | $-0.25 |
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 | $1.6B | $447.0M |
| 总债务越低越好 | $2.9B | $2.4B |
| 股东权益账面价值 | $1.3B | $4.3B |
| 总资产 | $19.3B | $17.1B |
| 负债/权益比越低杠杆越低 | 2.15× | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资JBLM
| Q4 25 | $1.6B | $447.0M | ||
| Q3 25 | $1.9B | $829.0M | ||
| Q2 25 | $1.5B | $932.0M | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $2.1B | $315.0M | ||
| Q3 24 | $2.2B | $646.0M | ||
| Q2 24 | $2.5B | $876.0M | ||
| Q1 24 | $2.6B | $1.0B |
总债务JBLM
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.9B | $2.4B | ||
| Q2 25 | $2.9B | $2.8B | ||
| Q1 25 | $2.9B | $2.8B | ||
| Q4 24 | $2.9B | $2.8B | ||
| Q3 24 | $2.9B | $3.0B | ||
| Q2 24 | $2.9B | $3.0B | ||
| Q1 24 | $2.9B | $3.0B |
股东权益JBLM
| Q4 25 | $1.3B | $4.3B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.3B | $4.5B | ||
| Q1 25 | $1.4B | $4.6B | ||
| Q4 24 | $1.6B | $4.1B | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $2.3B | $4.2B | ||
| Q1 24 | $2.7B | $4.1B |
总资产JBLM
| Q4 25 | $19.3B | $17.1B | ||
| Q3 25 | $18.5B | $15.6B | ||
| Q2 25 | $18.6B | $16.1B | ||
| Q1 25 | $17.4B | $16.4B | ||
| Q4 24 | $17.8B | $17.3B | ||
| Q3 24 | $17.4B | $15.8B | ||
| Q2 24 | $17.4B | $16.4B | ||
| Q1 24 | $17.1B | $16.2B |
负债/权益比JBLM
| Q4 25 | 2.15× | 0.56× | ||
| Q3 25 | 1.91× | 0.55× | ||
| Q2 25 | 2.24× | 0.62× | ||
| Q1 25 | 2.12× | 0.61× | ||
| Q4 24 | 1.81× | 0.67× | ||
| Q3 24 | 1.66× | 0.70× | ||
| Q2 24 | 1.26× | 0.72× | ||
| Q1 24 | 1.08× | 0.72× |
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 | $323.0M | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | $228.0M | $-101.0M |
| 自由现金流率自由现金流/营收 | 2.7% | -2.1% |
| 资本支出强度资本支出/营收 | 1.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.21× | -0.73× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.2B |
8季度趋势，按日历期对齐
经营现金流JBLM
| Q4 25 | $323.0M | $-8.0M | ||
| Q3 25 | $588.0M | $319.0M | ||
| Q2 25 | $406.0M | $-64.0M | ||
| Q1 25 | $334.0M | $1.3B | ||
| Q4 24 | $312.0M | $-167.0M | ||
| Q3 24 | $535.0M | $8.0M | ||
| Q2 24 | $515.0M | $129.0M | ||
| Q1 24 | $218.0M | $1.1B |
自由现金流JBLM
| Q4 25 | $228.0M | $-101.0M | ||
| Q3 25 | $419.0M | $240.0M | ||
| Q2 25 | $320.0M | $-164.0M | ||
| Q1 25 | $218.0M | $1.2B | ||
| Q4 24 | $215.0M | $-295.0M | ||
| Q3 24 | $411.0M | $-109.0M | ||
| Q2 24 | $409.0M | $-25.0M | ||
| Q1 24 | $-48.0M | $1.0B |
自由现金流率JBLM
| Q4 25 | 2.7% | -2.1% | ||
| Q3 25 | 5.1% | 5.0% | ||
| Q2 25 | 4.1% | -3.6% | ||
| Q1 25 | 3.2% | 15.3% | ||
| Q4 24 | 3.1% | -6.2% | ||
| Q3 24 | 5.9% | -2.2% | ||
| Q2 24 | 6.0% | -0.5% | ||
| Q1 24 | -0.7% | 12.3% |
资本支出强度JBLM
| Q4 25 | 1.1% | 2.0% | ||
| Q3 25 | 2.0% | 1.6% | ||
| Q2 25 | 1.1% | 2.2% | ||
| Q1 25 | 1.7% | 1.5% | ||
| Q4 24 | 1.4% | 2.7% | ||
| Q3 24 | 1.8% | 2.4% | ||
| Q2 24 | 1.6% | 3.2% | ||
| Q1 24 | 3.9% | 1.8% |
现金转化率JBLM
| Q4 25 | 2.21× | -0.73× | ||
| Q3 25 | 2.70× | 3.67× | ||
| Q2 25 | 1.83× | -1.68× | ||
| Q1 25 | 2.85× | 3.82× | ||
| Q4 24 | 3.12× | -5.96× | ||
| Q3 24 | 3.88× | 0.05× | ||
| Q2 24 | 3.99× | 2.08× | ||
| Q1 24 | 0.24× | — |
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
JBL
| Intelligent Infrastructure | $4.0B | 49% |
| Transferred Over Time | $2.9B | 35% |
| Connected Living And Digital Commerce | $1.2B | 15% |
| Transferred At Point In Time | $127.0M | 2% |
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
