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JELD-WEN Holding, Inc.（JELD）与Tradeweb Markets Inc.（TW）财务数据对比。点击上方公司名可切换其他公司
JELD-WEN Holding, Inc.的季度营收约是Tradeweb Markets Inc.的1.5倍（$802.0M vs $521.2M），Tradeweb Markets Inc.净利率更高（62.4% vs -5.2%，领先67.6%），Tradeweb Markets Inc.同比增速更快（12.5% vs -10.5%），Tradeweb Markets Inc.自由现金流更多（$336.5M vs $3.4M），过去两年Tradeweb Markets Inc.的营收复合增速更高（12.9% vs -8.6%）
JELD-WEN是一家总部位于美国北卡罗来纳州夏洛特的企业，在全球19个国家运营着超过120家生产基地。公司主营设计、生产并销售室内外门窗、各类材质窗品、墙体系统、淋浴隔断、衣帽间系统等建筑部件，产品广泛应用于住宅与非住宅建筑的新建、维修及改造工程。
Tradeweb Markets Inc.总部位于美国纽约，运营面向机构投资者的电子交易平台，支持固定收益产品、ETF及衍生品交易，服务覆盖银行、资管机构、央行、养老基金、保险公司等超3000家客户。2024年其83%营收来自交易手续费及佣金，17%来自订阅费，52%营收来自利率相关产品。
JELD vs TW — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.0M | $521.2M |
| 净利润 | $-41.9M | $325.0M |
| 毛利率 | 14.7% | — |
| 营业利润率 | -1.8% | 42.4% |
| 净利率 | -5.2% | 62.4% |
| 营收同比 | -10.5% | 12.5% |
| 净利润同比 | 38.7% | 128.5% |
| 每股收益（稀释后） | $-0.50 | $1.52 |
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
| Q4 25 | $802.0M | $521.2M | ||
| Q3 25 | $809.5M | $508.6M | ||
| Q2 25 | $823.7M | $513.0M | ||
| Q1 25 | $776.0M | $509.7M | ||
| Q4 24 | $895.7M | $463.3M | ||
| Q3 24 | $934.7M | $448.9M | ||
| Q2 24 | $986.0M | $405.0M | ||
| Q1 24 | $959.1M | $408.7M |
| Q4 25 | $-41.9M | $325.0M | ||
| Q3 25 | $-367.6M | $185.6M | ||
| Q2 25 | $-21.5M | $153.8M | ||
| Q1 25 | $-190.1M | $148.4M | ||
| Q4 24 | $-68.4M | $142.2M | ||
| Q3 24 | $-74.4M | $113.9M | ||
| Q2 24 | $-18.5M | $119.2M | ||
| Q1 24 | $-27.7M | $126.1M |
| Q4 25 | 14.7% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | 19.3% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | -1.8% | 42.4% | ||
| Q3 25 | -25.0% | 41.4% | ||
| Q2 25 | -1.7% | 39.0% | ||
| Q1 25 | -23.8% | 40.0% | ||
| Q4 24 | -5.7% | 40.7% | ||
| Q3 24 | -5.6% | 35.5% | ||
| Q2 24 | 0.5% | 40.1% | ||
| Q1 24 | -2.9% | 41.0% |
| Q4 25 | -5.2% | 62.4% | ||
| Q3 25 | -45.4% | 36.5% | ||
| Q2 25 | -2.6% | 30.0% | ||
| Q1 25 | -24.5% | 29.1% | ||
| Q4 24 | -7.6% | 30.7% | ||
| Q3 24 | -8.0% | 25.4% | ||
| Q2 24 | -1.9% | 29.4% | ||
| Q1 24 | -2.9% | 30.9% |
| Q4 25 | $-0.50 | $1.52 | ||
| Q3 25 | $-4.30 | $0.86 | ||
| Q2 25 | $-0.25 | $0.71 | ||
| Q1 25 | $-2.24 | $0.69 | ||
| Q4 24 | $-0.80 | $0.66 | ||
| Q3 24 | $-0.88 | $0.53 | ||
| Q2 24 | $-0.22 | $0.55 | ||
| Q1 24 | $-0.32 | $0.59 |
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 | $136.1M | $2.1B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $92.2M | $6.5B |
| 总资产 | $2.1B | $8.2B |
| 负债/权益比越低杠杆越低 | 12.47× | — |
8季度趋势，按日历期对齐
| Q4 25 | $136.1M | $2.1B | ||
| Q3 25 | $106.7M | $1.9B | ||
| Q2 25 | $134.1M | $1.6B | ||
| Q1 25 | $132.5M | $1.3B | ||
| Q4 24 | $150.3M | $1.3B | ||
| Q3 24 | $208.5M | $1.2B | ||
| Q2 24 | $212.8M | $1.7B | ||
| Q1 24 | $234.5M | $1.5B |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $92.2M | $6.5B | ||
| Q3 25 | $113.9M | $6.3B | ||
| Q2 25 | $477.1M | $6.1B | ||
| Q1 25 | $452.1M | $5.9B | ||
| Q4 24 | $620.1M | $5.8B | ||
| Q3 24 | $720.3M | $5.7B | ||
| Q2 24 | $770.0M | $5.6B | ||
| Q1 24 | $811.5M | $5.5B |
| Q4 25 | $2.1B | $8.2B | ||
| Q3 25 | $2.2B | $8.0B | ||
| Q2 25 | $2.5B | $8.1B | ||
| Q1 25 | $2.4B | $7.4B | ||
| Q4 24 | $2.6B | $7.3B | ||
| Q3 24 | $2.8B | $7.3B | ||
| Q2 24 | $2.9B | $7.3B | ||
| Q1 24 | $2.9B | $7.4B |
| Q4 25 | 12.47× | — | ||
| Q3 25 | 10.14× | — | ||
| Q2 25 | 2.42× | — | ||
| Q1 25 | 2.56× | — | ||
| Q4 24 | 1.86× | — | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.46× | — |
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 | $32.8M | $355.9M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | $336.5M |
| 自由现金流率自由现金流/营收 | 0.4% | 64.6% |
| 资本支出强度资本支出/营收 | 3.7% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 1.10× |
| 过去12个月自由现金流最近4个季度 | $-124.6M | $1.1B |
8季度趋势，按日历期对齐
| Q4 25 | $32.8M | $355.9M | ||
| Q3 25 | $11.2M | $342.3M | ||
| Q2 25 | $34.6M | $409.2M | ||
| Q1 25 | $-83.5M | $60.2M | ||
| Q4 24 | $28.2M | $282.0M | ||
| Q3 24 | $37.6M | $292.1M | ||
| Q2 24 | $51.4M | $285.7M | ||
| Q1 24 | $-11.0M | $37.9M |
| Q4 25 | $3.4M | $336.5M | ||
| Q3 25 | $-13.1M | $328.3M | ||
| Q2 25 | $5.3M | $403.7M | ||
| Q1 25 | $-120.3M | $58.6M | ||
| Q4 24 | $-23.9M | $256.8M | ||
| Q3 24 | $-4.3M | $287.8M | ||
| Q2 24 | $14.7M | $280.8M | ||
| Q1 24 | $-42.2M | $31.3M |
| Q4 25 | 0.4% | 64.6% | ||
| Q3 25 | -1.6% | 64.5% | ||
| Q2 25 | 0.6% | 78.7% | ||
| Q1 25 | -15.5% | 11.5% | ||
| Q4 24 | -2.7% | 55.4% | ||
| Q3 24 | -0.5% | 64.1% | ||
| Q2 24 | 1.5% | 69.4% | ||
| Q1 24 | -4.4% | 7.7% |
| Q4 25 | 3.7% | 3.7% | ||
| Q3 25 | 3.0% | 2.8% | ||
| Q2 25 | 3.6% | 1.1% | ||
| Q1 25 | 4.7% | 0.3% | ||
| Q4 24 | 5.8% | 5.4% | ||
| Q3 24 | 4.5% | 1.0% | ||
| Q2 24 | 3.7% | 1.2% | ||
| Q1 24 | 3.3% | 1.6% |
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | 1.84× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.40× | ||
| Q1 24 | — | 0.30× |
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
JELD
| North America Segment | $522.0M | 65% |
| Europe Segment | $280.0M | 35% |
TW
| Other | $235.2M | 45% |
| Wholesale Client Sector | $97.9M | 19% |
| Subscription Fee Revenue | $60.0M | 12% |
| Retail Client Sector | $35.0M | 7% |
| Market Data Client Sector | $33.8M | 6% |
| Corporate Client Sector | $26.1M | 5% |
| Market Data Revenue | $23.2M | 4% |
| Financial Service Other | $10.0M | 2% |
