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是德科技（KEYS）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
新闻集团的季度营收约是是德科技的1.7倍（$2.4B vs $1.4B），是德科技净利率更高（16.4% vs 8.2%，领先8.2%），是德科技同比增速更快（10.3% vs 5.5%），是德科技自由现金流更多（$187.0M vs $132.0M），过去两年是德科技的营收复合增速更高（6.2% vs -1.3%）
是德科技是一家美国企业，主营电子测试测量设备与软件的研发、生产业务。公司由安捷伦科技拆分而来，核心产品线继承自惠普测试测量部门上世纪60年代末至千禧年间开发的相关产品，后独立为现有品牌。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
KEYS vs NWSA — 直观对比
营收规模更大
NWSA
是对方的1.7倍
$1.4B
营收增速更快
KEYS
高出4.7%
5.5%
净利率更高
KEYS
高出8.2%
8.2%
自由现金流更多
KEYS
多$55.0M
$132.0M
两年增速更快
KEYS
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.4B |
| 净利润 | $233.0M | $193.0M |
| 毛利率 | 61.2% | — |
| 营业利润率 | 15.3% | — |
| 净利率 | 16.4% | 8.2% |
| 营收同比 | 10.3% | 5.5% |
| 净利润同比 | 419.2% | -10.2% |
| 每股收益（稀释后） | $1.35 | $0.34 |
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KEYSNWSA
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.2B | $2.6B | ||
| Q2 24 | $1.2B | $2.6B | ||
| Q1 24 | $1.3B | $2.4B |
净利润KEYSNWSA
| Q4 25 | $233.0M | $193.0M | ||
| Q3 25 | $191.0M | $112.0M | ||
| Q2 25 | $257.0M | $743.0M | ||
| Q1 25 | $169.0M | $103.0M | ||
| Q4 24 | $-73.0M | $215.0M | ||
| Q3 24 | $389.0M | $119.0M | ||
| Q2 24 | $126.0M | $50.0M | ||
| Q1 24 | $172.0M | $30.0M |
毛利率KEYSNWSA
| Q4 25 | 61.2% | — | ||
| Q3 25 | 61.7% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 63.2% | — | ||
| Q4 24 | 62.3% | — | ||
| Q3 24 | 62.0% | — | ||
| Q2 24 | 62.7% | — | ||
| Q1 24 | 64.6% | — |
营业利润率KEYSNWSA
| Q4 25 | 15.3% | — | ||
| Q3 25 | 17.3% | — | ||
| Q2 25 | 15.8% | 8.5% | ||
| Q1 25 | 16.8% | 7.5% | ||
| Q4 24 | 17.9% | 19.2% | ||
| Q3 24 | 16.8% | 7.9% | ||
| Q2 24 | 14.6% | 4.3% | ||
| Q1 24 | 17.6% | 2.6% |
净利率KEYSNWSA
| Q4 25 | 16.4% | 8.2% | ||
| Q3 25 | 14.1% | 5.2% | ||
| Q2 25 | 19.7% | 45.6% | ||
| Q1 25 | 13.0% | 5.1% | ||
| Q4 24 | -5.7% | 9.6% | ||
| Q3 24 | 32.0% | 4.6% | ||
| Q2 24 | 10.4% | 1.9% | ||
| Q1 24 | 13.7% | 1.2% |
每股收益（稀释后）KEYSNWSA
| Q4 25 | $1.35 | $0.34 | ||
| Q3 25 | $1.10 | $0.20 | ||
| Q2 25 | $1.49 | $1.30 | ||
| Q1 25 | $0.97 | $0.18 | ||
| Q4 24 | $-0.41 | $0.38 | ||
| Q3 24 | $2.22 | $0.21 | ||
| Q2 24 | $0.72 | $0.09 | ||
| Q1 24 | $0.98 | $0.05 |
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 | $1.9B | $2.1B |
| 总债务越低越好 | $2.5B | $2.0B |
| 股东权益账面价值 | $5.9B | $8.8B |
| 总资产 | $11.3B | $15.5B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资KEYSNWSA
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.7B | $1.9B |
总债务KEYSNWSA
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | $1.8B | $2.9B | ||
| Q1 24 | $1.8B | $2.9B |
股东权益KEYSNWSA
| Q4 25 | $5.9B | $8.8B | ||
| Q3 25 | $5.7B | $8.7B | ||
| Q2 25 | $5.5B | $8.8B | ||
| Q1 25 | $5.2B | $8.2B | ||
| Q4 24 | $5.1B | $8.1B | ||
| Q3 24 | $5.2B | $8.3B | ||
| Q2 24 | $4.9B | $8.1B | ||
| Q1 24 | $4.8B | $8.1B |
总资产KEYSNWSA
| Q4 25 | $11.3B | $15.5B | ||
| Q3 25 | $10.7B | $15.3B | ||
| Q2 25 | $10.5B | $15.5B | ||
| Q1 25 | $9.4B | $16.6B | ||
| Q4 24 | $9.3B | $16.2B | ||
| Q3 24 | $9.3B | $16.9B | ||
| Q2 24 | $9.0B | $16.7B | ||
| Q1 24 | $9.1B | $16.5B |
负债/权益比KEYSNWSA
| Q4 25 | 0.43× | 0.22× | ||
| Q3 25 | 0.45× | 0.22× | ||
| Q2 25 | 0.46× | 0.22× | ||
| Q1 25 | 0.35× | 0.24× | ||
| Q4 24 | 0.35× | 0.24× | ||
| Q3 24 | 0.34× | 0.35× | ||
| Q2 24 | 0.37× | 0.36× | ||
| Q1 24 | 0.38× | 0.36× |
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 | $225.0M | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $187.0M | $132.0M |
| 自由现金流率自由现金流/营收 | 13.2% | 5.6% |
| 资本支出强度资本支出/营收 | 2.7% | 4.2% |
| 现金转化率经营现金流/净利润 | 0.97× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $586.0M |
8季度趋势，按日历期对齐
经营现金流KEYSNWSA
| Q4 25 | $225.0M | $231.0M | ||
| Q3 25 | $322.0M | $85.0M | ||
| Q2 25 | $484.0M | $189.0M | ||
| Q1 25 | $378.0M | $511.0M | ||
| Q4 24 | $359.0M | $252.0M | ||
| Q3 24 | $255.0M | $64.0M | ||
| Q2 24 | $110.0M | $254.0M | ||
| Q1 24 | $328.0M | $539.0M |
自由现金流KEYSNWSA
| Q4 25 | $187.0M | $132.0M | ||
| Q3 25 | $291.0M | $4.0M | ||
| Q2 25 | $457.0M | $32.0M | ||
| Q1 25 | $346.0M | $418.0M | ||
| Q4 24 | $321.0M | $190.0M | ||
| Q3 24 | $222.0M | $-31.0M | ||
| Q2 24 | $74.0M | $111.0M | ||
| Q1 24 | $281.0M | $422.0M |
自由现金流率KEYSNWSA
| Q4 25 | 13.2% | 5.6% | ||
| Q3 25 | 21.5% | 0.2% | ||
| Q2 25 | 35.0% | 2.0% | ||
| Q1 25 | 26.7% | 20.8% | ||
| Q4 24 | 24.9% | 8.5% | ||
| Q3 24 | 18.2% | -1.2% | ||
| Q2 24 | 6.1% | 4.3% | ||
| Q1 24 | 22.3% | 17.4% |
资本支出强度KEYSNWSA
| Q4 25 | 2.7% | 4.2% | ||
| Q3 25 | 2.3% | 3.8% | ||
| Q2 25 | 2.1% | 9.6% | ||
| Q1 25 | 2.5% | 4.6% | ||
| Q4 24 | 3.0% | 2.8% | ||
| Q3 24 | 2.7% | 3.7% | ||
| Q2 24 | 3.0% | 5.5% | ||
| Q1 24 | 3.7% | 4.8% |
现金转化率KEYSNWSA
| Q4 25 | 0.97× | 1.20× | ||
| Q3 25 | 1.69× | 0.76× | ||
| Q2 25 | 1.88× | 0.25× | ||
| Q1 25 | 2.24× | 4.96× | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | 0.66× | 0.54× | ||
| Q2 24 | 0.87× | 5.08× | ||
| Q1 24 | 1.91× | 17.97× |
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
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
