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捷普（JBL）与拼多多（PDD）财务数据对比。点击上方公司名可切换其他公司
拼多多的季度营收约是捷普的1.8倍（$15.2B vs $8.3B），拼多多净利率更高（27.1% vs 1.8%，领先25.3%），过去两年拼多多的营收复合增速更高（74.6% vs 10.8%）
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。
PDD控股是总部位于爱尔兰的跨国企业，旗下拥有中国头部线上零售平台拼多多和跨境电商平台Temu。拼多多主打农业供应链数字化升级，助力农产品直接对接广大消费者需求。
JBL vs PDD — 直观对比
营收规模更大
PDD
是对方的1.8倍
$8.3B
净利率更高
PDD
高出25.3%
1.8%
两年增速更快
PDD
近两年复合增速
10.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.3B | $15.2B |
| 净利润 | $146.0M | $4.1B |
| 毛利率 | 8.9% | 56.7% |
| 营业利润率 | 3.4% | 23.1% |
| 净利率 | 1.8% | 27.1% |
| 营收同比 | 18.7% | — |
| 净利润同比 | 46.0% | — |
| 每股收益（稀释后） | $1.35 | — |
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JBLPDD
| Q4 25 | $8.3B | — | ||
| Q3 25 | $8.3B | $15.2B | ||
| Q2 25 | $7.8B | $14.5B | ||
| Q1 25 | $6.7B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.0B | $14.2B | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $6.8B | $12.0B |
净利润JBLPDD
| Q4 25 | $146.0M | — | ||
| Q3 25 | $218.0M | $4.1B | ||
| Q2 25 | $222.0M | $4.3B | ||
| Q1 25 | $117.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $138.0M | $3.6B | ||
| Q2 24 | $129.0M | — | ||
| Q1 24 | $927.0M | $3.9B |
毛利率JBLPDD
| Q4 25 | 8.9% | — | ||
| Q3 25 | 9.5% | 56.7% | ||
| Q2 25 | 8.7% | 55.9% | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 9.5% | 60.0% | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 9.3% | 62.3% |
营业利润率JBLPDD
| Q4 25 | 3.4% | — | ||
| Q3 25 | 4.1% | 23.1% | ||
| Q2 25 | 5.1% | 24.8% | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 4.6% | 24.5% | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 16.7% | 29.9% |
净利率JBLPDD
| Q4 25 | 1.8% | — | ||
| Q3 25 | 2.6% | 27.1% | ||
| Q2 25 | 2.8% | 29.6% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 2.0% | 25.1% | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 13.7% | 32.3% |
每股收益（稀释后）JBLPDD
| Q4 25 | $1.35 | — | ||
| Q3 25 | $1.95 | — | ||
| Q2 25 | $2.03 | — | ||
| Q1 25 | $1.06 | — | ||
| Q4 24 | $0.88 | — | ||
| Q3 24 | $1.33 | — | ||
| Q2 24 | $1.06 | — | ||
| Q1 24 | $7.31 | — |
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 | $13.0B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $1.3B | $55.0B |
| 总资产 | $19.3B | $86.2B |
| 负债/权益比越低杠杆越低 | 2.15× | — |
8季度趋势，按日历期对齐
现金及短期投资JBLPDD
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.9B | $13.0B | ||
| Q2 25 | $1.5B | $8.8B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.2B | $9.3B | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.6B | $7.7B |
总债务JBLPDD
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
股东权益JBLPDD
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.5B | $55.0B | ||
| Q2 25 | $1.3B | $50.5B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.7B | $39.7B | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.7B | $30.3B |
总资产JBLPDD
| Q4 25 | $19.3B | — | ||
| Q3 25 | $18.5B | $86.2B | ||
| Q2 25 | $18.6B | $79.2B | ||
| Q1 25 | $17.4B | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | $17.4B | $66.5B | ||
| Q2 24 | $17.4B | — | ||
| Q1 24 | $17.1B | $52.3B |
负债/权益比JBLPDD
| Q4 25 | 2.15× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.24× | — | ||
| Q1 25 | 2.12× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 1.26× | — | ||
| Q1 24 | 1.08× | — |
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 | $6.4B |
| 自由现金流经营现金流 - 资本支出 | $228.0M | — |
| 自由现金流率自由现金流/营收 | 2.7% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 2.21× | 1.56× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流JBLPDD
| Q4 25 | $323.0M | — | ||
| Q3 25 | $588.0M | $6.4B | ||
| Q2 25 | $406.0M | $3.0B | ||
| Q1 25 | $334.0M | — | ||
| Q4 24 | $312.0M | — | ||
| Q3 24 | $535.0M | $3.9B | ||
| Q2 24 | $515.0M | — | ||
| Q1 24 | $218.0M | $2.9B |
自由现金流JBLPDD
| Q4 25 | $228.0M | — | ||
| Q3 25 | $419.0M | — | ||
| Q2 25 | $320.0M | — | ||
| Q1 25 | $218.0M | — | ||
| Q4 24 | $215.0M | — | ||
| Q3 24 | $411.0M | — | ||
| Q2 24 | $409.0M | — | ||
| Q1 24 | $-48.0M | — |
自由现金流率JBLPDD
| Q4 25 | 2.7% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | -0.7% | — |
资本支出强度JBLPDD
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 3.9% | — |
现金转化率JBLPDD
| Q4 25 | 2.21× | — | ||
| Q3 25 | 2.70× | 1.56× | ||
| Q2 25 | 1.83× | 0.70× | ||
| Q1 25 | 2.85× | — | ||
| Q4 24 | 3.12× | — | ||
| Q3 24 | 3.88× | 1.10× | ||
| Q2 24 | 3.99× | — | ||
| Q1 24 | 0.24× | 0.75× |
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% |
PDD
暂无分部数据
