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勤达睿（KD）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是勤达睿的2.0倍（$7.4B vs $3.8B），美国合众银行净利率更高（27.8% vs 0.5%，领先27.3%），美国合众银行同比增速更快（5.1% vs 0.0%），过去两年美国合众银行的营收复合增速更高（4.7% vs 0.4%）
勤达睿是总部位于美国纽约的跨国IT基础设施服务提供商，2021年由IBM的基础设施服务业务分拆独立成立。公司业务涵盖大型信息系统的设计、搭建、运维与开发，同时提供商业咨询服务，是目前全球最大的IT基础设施服务提供商、全球第五大咨询服务提供商。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
KD vs USB — 直观对比
营收规模更大
USB
是对方的2.0倍
$3.8B
营收增速更快
USB
高出5.1%
0.0%
净利率更高
USB
高出27.3%
0.5%
两年增速更快
USB
近两年复合增速
0.4%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $7.4B |
| 净利润 | $17.0M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | 3.5% | 34.4% |
| 净利率 | 0.5% | 27.8% |
| 营收同比 | 0.0% | 5.1% |
| 净利润同比 | -75.0% | 23.0% |
| 每股收益（稀释后） | $0.08 | $1.26 |
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KDUSB
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $7.4B | ||
| Q3 25 | $3.7B | $7.3B | ||
| Q2 25 | $3.7B | $7.0B | ||
| Q1 25 | $3.8B | $7.0B | ||
| Q4 24 | $3.7B | $7.0B | ||
| Q3 24 | $3.8B | $6.9B | ||
| Q2 24 | $3.7B | $6.9B |
净利润KDUSB
| Q1 26 | $17.0M | — | ||
| Q4 25 | $57.0M | $2.0B | ||
| Q3 25 | $68.0M | $2.0B | ||
| Q2 25 | $56.0M | $1.8B | ||
| Q1 25 | $69.0M | $1.7B | ||
| Q4 24 | $215.0M | $1.7B | ||
| Q3 24 | $-43.0M | $1.7B | ||
| Q2 24 | $11.0M | $1.6B |
毛利率KDUSB
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 21.5% | — |
营业利润率KDUSB
| Q1 26 | 3.5% | — | ||
| Q4 25 | 2.4% | 34.4% | ||
| Q3 25 | 2.6% | 34.5% | ||
| Q2 25 | 2.5% | 32.7% | ||
| Q1 25 | 3.1% | 31.0% | ||
| Q4 24 | 6.9% | 30.1% | ||
| Q3 24 | -0.1% | 30.2% | ||
| Q2 24 | 1.7% | 29.9% |
净利率KDUSB
| Q1 26 | 0.5% | — | ||
| Q4 25 | 1.5% | 27.8% | ||
| Q3 25 | 1.8% | 27.3% | ||
| Q2 25 | 1.5% | 25.9% | ||
| Q1 25 | 1.8% | 24.6% | ||
| Q4 24 | 5.7% | 23.7% | ||
| Q3 24 | -1.1% | 25.0% | ||
| Q2 24 | 0.3% | 23.3% |
每股收益（稀释后）KDUSB
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.25 | $1.26 | ||
| Q3 25 | $0.29 | $1.22 | ||
| Q2 25 | $0.23 | $1.11 | ||
| Q1 25 | $0.30 | $1.03 | ||
| Q4 24 | $0.89 | $1.01 | ||
| Q3 24 | $-0.19 | $1.03 | ||
| Q2 24 | $0.05 | $0.97 |
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 | $2.6B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $65.2B |
| 总资产 | — | $692.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KDUSB
| Q1 26 | $2.6B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
总债务KDUSB
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — |
股东权益KDUSB
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $65.2B | ||
| Q3 25 | $1.2B | $63.3B | ||
| Q2 25 | $1.2B | $61.4B | ||
| Q1 25 | $1.2B | $60.1B | ||
| Q4 24 | $1.1B | $58.6B | ||
| Q3 24 | $1.1B | $58.9B | ||
| Q2 24 | $996.0M | $56.4B |
总资产KDUSB
| Q1 26 | — | — | ||
| Q4 25 | $11.3B | $692.3B | ||
| Q3 25 | $11.2B | $695.4B | ||
| Q2 25 | $11.5B | $686.4B | ||
| Q1 25 | $10.5B | $676.5B | ||
| Q4 24 | $9.9B | $678.3B | ||
| Q3 24 | $10.4B | $686.5B | ||
| Q2 24 | $10.2B | $680.1B |
负债/权益比KDUSB
| Q1 26 | — | — | ||
| Q4 25 | 1.92× | — | ||
| Q3 25 | 2.45× | — | ||
| Q2 25 | 2.44× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 2.81× | — | ||
| Q3 24 | 2.92× | — | ||
| Q2 24 | 3.12× | — |
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 | $948.0M | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 53.8% | — |
| 资本支出强度资本支出/营收 | 16.1% | — |
| 现金转化率经营现金流/净利润 | 55.76× | 1.39× |
| 过去12个月自由现金流最近4个季度 | $2.0B | — |
8季度趋势，按日历期对齐
经营现金流KDUSB
| Q1 26 | $948.0M | — | ||
| Q4 25 | $428.0M | $2.8B | ||
| Q3 25 | $146.0M | $3.4B | ||
| Q2 25 | $-124.0M | $2.0B | ||
| Q1 25 | $581.0M | $-285.0M | ||
| Q4 24 | $260.0M | $4.8B | ||
| Q3 24 | $149.0M | $972.0M | ||
| Q2 24 | $-48.0M | $2.9B |
自由现金流KDUSB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $208.0M | — | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $-267.0M | — | ||
| Q1 25 | $341.0M | — | ||
| Q4 24 | $151.0M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-170.0M | — |
自由现金流率KDUSB
| Q1 26 | 53.8% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | -7.1% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | -4.5% | — |
资本支出强度KDUSB
| Q1 26 | 16.1% | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 3.3% | — |
现金转化率KDUSB
| Q1 26 | 55.76× | — | ||
| Q4 25 | 7.51× | 1.39× | ||
| Q3 25 | 2.15× | 1.69× | ||
| Q2 25 | -2.21× | 1.12× | ||
| Q1 25 | 8.42× | -0.17× | ||
| Q4 24 | 1.21× | 2.87× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | -4.36× | 1.79× |
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
KD
| Principal Markets | $1.3B | 34% |
| United States | $1.0B | 27% |
| Strategic Markets | $916.0M | 24% |
| Japan | $556.0M | 15% |
USB
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