vs
蓝威斯顿（LW）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是蓝威斯顿的1.1倍（$1.7B vs $1.6B），NetApp净利率更高（17.9% vs 3.5%，领先14.4%），蓝威斯顿同比增速更快（2.9% vs 2.8%），NetApp自由现金流更多（$78.0M vs $-36.3M），过去两年NetApp的营收复合增速更高（3.0% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
LW vs NTAP — 直观对比
营收规模更大
NTAP
是对方的1.1倍
$1.6B
营收增速更快
LW
高出0.1%
2.8%
净利率更高
NTAP
高出14.4%
3.5%
自由现金流更多
NTAP
多$114.3M
$-36.3M
两年增速更快
NTAP
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $54.0M | $305.0M |
| 毛利率 | 21.2% | 72.0% |
| 营业利润率 | 8.1% | 23.4% |
| 净利率 | 3.5% | 17.9% |
| 营收同比 | 2.9% | 2.8% |
| 净利润同比 | -63.0% | 2.0% |
| 每股收益（稀释后） | $0.39 | $1.51 |
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LWNTAP
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.6B | $1.7B |
净利润LWNTAP
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $305.0M | ||
| Q3 25 | $64.3M | $233.0M | ||
| Q2 25 | $119.9M | $340.0M | ||
| Q1 25 | $146.0M | $299.0M | ||
| Q4 24 | $-36.1M | $299.0M | ||
| Q3 24 | $127.4M | $248.0M | ||
| Q2 24 | $129.6M | $291.0M |
毛利率LWNTAP
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | 72.0% | ||
| Q3 25 | 20.6% | 70.4% | ||
| Q2 25 | 20.4% | 68.9% | ||
| Q1 25 | 27.8% | 69.8% | ||
| Q4 24 | 17.4% | 71.0% | ||
| Q3 24 | 21.5% | 71.3% | ||
| Q2 24 | 24.1% | 70.5% |
营业利润率LWNTAP
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | 23.4% | ||
| Q3 25 | 9.4% | 19.8% | ||
| Q2 25 | 11.1% | 20.1% | ||
| Q1 25 | 16.4% | 22.1% | ||
| Q4 24 | 1.2% | 20.8% | ||
| Q3 24 | 12.8% | 18.3% | ||
| Q2 24 | 13.2% | 21.9% |
净利率LWNTAP
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | 17.9% | ||
| Q3 25 | 3.9% | 14.9% | ||
| Q2 25 | 7.2% | 19.6% | ||
| Q1 25 | 9.6% | 18.2% | ||
| Q4 24 | -2.3% | 18.0% | ||
| Q3 24 | 7.7% | 16.1% | ||
| Q2 24 | 8.0% | 17.4% |
每股收益（稀释后）LWNTAP
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $1.51 | ||
| Q3 25 | $0.46 | $1.15 | ||
| Q2 25 | $0.84 | $1.64 | ||
| Q1 25 | $1.03 | $1.44 | ||
| Q4 24 | $-0.25 | $1.42 | ||
| Q3 24 | $0.88 | $1.17 | ||
| Q2 24 | $0.89 | $1.36 |
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 | $57.5M | $3.0B |
| 总债务越低越好 | $3.6B | $2.5B |
| 股东权益账面价值 | $1.8B | $986.0M |
| 总资产 | $7.4B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.99× | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资LWNTAP
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $3.0B | ||
| Q3 25 | $98.6M | $3.3B | ||
| Q2 25 | $70.7M | $3.8B | ||
| Q1 25 | $67.5M | $2.3B | ||
| Q4 24 | $79.0M | $2.2B | ||
| Q3 24 | $120.8M | $3.0B | ||
| Q2 24 | $71.4M | $3.3B |
总债务LWNTAP
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.5B | ||
| Q3 25 | $3.7B | $2.5B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $3.7B | $2.0B | ||
| Q3 24 | $3.4B | $2.4B | ||
| Q2 24 | $3.4B | $2.4B |
股东权益LWNTAP
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $986.0M | ||
| Q3 25 | $1.8B | $975.0M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $995.0M | ||
| Q4 24 | $1.6B | $892.0M | ||
| Q3 24 | $1.8B | $929.0M | ||
| Q2 24 | $1.8B | $1.1B |
总资产LWNTAP
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $9.6B | ||
| Q3 25 | $7.2B | $9.7B | ||
| Q2 25 | $7.4B | $10.8B | ||
| Q1 25 | $7.4B | $9.0B | ||
| Q4 24 | $7.5B | $9.0B | ||
| Q3 24 | $7.5B | $9.3B | ||
| Q2 24 | $7.4B | $9.9B |
负债/权益比LWNTAP
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | 2.52× | ||
| Q3 25 | 2.05× | 2.55× | ||
| Q2 25 | 2.12× | 3.11× | ||
| Q1 25 | 2.25× | 2.00× | ||
| Q4 24 | 2.26× | 2.23× | ||
| Q3 24 | 1.87× | 2.58× | ||
| Q2 24 | 1.92× | 2.09× |
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 | $65.2M | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $78.0M |
| 自由现金流率自由现金流/营收 | -2.3% | 4.6% |
| 资本支出强度资本支出/营收 | 6.5% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.21× | 0.42× |
| 过去12个月自由现金流最近4个季度 | $569.2M | — |
8季度趋势，按日历期对齐
经营现金流LWNTAP
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $127.0M | ||
| Q3 25 | $352.0M | $673.0M | ||
| Q2 25 | $868.3M | — | ||
| Q1 25 | $56.0M | $385.0M | ||
| Q4 24 | $99.1M | — | ||
| Q3 24 | $330.2M | $341.0M | ||
| Q2 24 | $798.2M | $613.0M |
自由现金流LWNTAP
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $78.0M | ||
| Q3 25 | $274.4M | $620.0M | ||
| Q2 25 | $230.1M | — | ||
| Q1 25 | $-19.8M | $338.0M | ||
| Q4 24 | $-49.6M | — | ||
| Q3 24 | $4.3M | $300.0M | ||
| Q2 24 | $-131.3M | $567.0M |
自由现金流率LWNTAP
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | 4.6% | ||
| Q3 25 | 16.5% | 39.8% | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | -1.3% | 20.6% | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.3% | 19.5% | ||
| Q2 24 | -8.1% | 34.0% |
资本支出强度LWNTAP
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 2.9% | ||
| Q3 25 | 4.7% | 3.4% | ||
| Q2 25 | 38.1% | — | ||
| Q1 25 | 5.0% | 2.9% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 19.7% | 2.7% | ||
| Q2 24 | 57.7% | 2.8% |
现金转化率LWNTAP
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | 0.42× | ||
| Q3 25 | 5.47× | 2.89× | ||
| Q2 25 | 7.24× | — | ||
| Q1 25 | 0.38× | 1.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.59× | 1.38× | ||
| Q2 24 | 6.16× | 2.11× |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
