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Masco（MAS）与威富集团（VFC）财务数据对比。点击上方公司名可切换其他公司
威富集团的季度营收约是Masco的1.5倍（$2.9B vs $1.9B），Masco净利率更高（11.9% vs 10.5%，领先1.4%），Masco同比增速更快（6.5% vs 1.5%），过去两年威富集团的营收复合增速更高（10.1% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
MAS vs VFC — 直观对比
营收规模更大
VFC
是对方的1.5倍
$1.9B
营收增速更快
MAS
高出5.0%
1.5%
净利率更高
MAS
高出1.4%
10.5%
两年增速更快
VFC
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.9B |
| 净利润 | $228.0M | $300.8M |
| 毛利率 | 35.8% | 56.6% |
| 营业利润率 | 16.5% | 10.1% |
| 净利率 | 11.9% | 10.5% |
| 营收同比 | 6.5% | 1.5% |
| 净利润同比 | 14.5% | 79.3% |
| 每股收益（稀释后） | — | $0.76 |
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MASVFC
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.9B | $2.8B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $1.8B | $2.0B | ||
| Q4 24 | $1.8B | $2.8B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $2.1B | $1.9B |
净利润MASVFC
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $300.8M | ||
| Q3 25 | $189.0M | $189.8M | ||
| Q2 25 | $270.0M | $-116.4M | ||
| Q1 25 | $186.0M | $-150.8M | ||
| Q4 24 | $182.0M | $167.8M | ||
| Q3 24 | $167.0M | $52.2M | ||
| Q2 24 | $258.0M | $-258.9M |
毛利率MASVFC
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | 56.6% | ||
| Q3 25 | 34.2% | 52.2% | ||
| Q2 25 | 37.6% | 53.9% | ||
| Q1 25 | 35.8% | 52.7% | ||
| Q4 24 | 34.8% | 56.3% | ||
| Q3 24 | 36.6% | 52.2% | ||
| Q2 24 | 37.5% | 52.0% |
营业利润率MASVFC
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | 10.1% | ||
| Q3 25 | 15.8% | 11.2% | ||
| Q2 25 | 20.1% | -4.9% | ||
| Q1 25 | 15.9% | 2.2% | ||
| Q4 24 | 15.9% | 8.0% | ||
| Q3 24 | 18.0% | 9.9% | ||
| Q2 24 | 19.0% | -12.6% |
净利率MASVFC
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 10.5% | ||
| Q3 25 | 9.9% | 6.8% | ||
| Q2 25 | 13.2% | -6.6% | ||
| Q1 25 | 10.3% | -7.5% | ||
| Q4 24 | 10.0% | 5.9% | ||
| Q3 24 | 8.4% | 1.9% | ||
| Q2 24 | 12.3% | -13.6% |
每股收益（稀释后）MASVFC
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $0.76 | ||
| Q3 25 | $0.90 | $0.48 | ||
| Q2 25 | $1.28 | $-0.30 | ||
| Q1 25 | $0.87 | $-0.37 | ||
| Q4 24 | $0.85 | $0.43 | ||
| Q3 24 | $0.77 | $0.13 | ||
| Q2 24 | $1.17 | $-0.67 |
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 | — | $1.5B |
| 总债务越低越好 | $2.9B | $3.6B |
| 股东权益账面价值 | $27.0M | $1.8B |
| 总资产 | $5.2B | $10.4B |
| 负债/权益比越低杠杆越低 | 109.07× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资MASVFC
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | $1.5B | ||
| Q3 25 | $559.0M | $419.1M | ||
| Q2 25 | $390.0M | $642.4M | ||
| Q1 25 | $377.0M | $429.4M | ||
| Q4 24 | $634.0M | $1.4B | ||
| Q3 24 | $646.0M | $492.2M | ||
| Q2 24 | $398.0M | $637.4M |
总债务MASVFC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $2.9B | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B |
股东权益MASVFC
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $1.8B | ||
| Q3 25 | $-78.0M | $1.5B | ||
| Q2 25 | $-84.0M | $1.3B | ||
| Q1 25 | $-254.0M | $1.5B | ||
| Q4 24 | $-279.0M | $1.7B | ||
| Q3 24 | $-88.0M | $1.4B | ||
| Q2 24 | $-26.0M | $1.4B |
总资产MASVFC
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $10.4B | ||
| Q3 25 | $5.3B | $10.6B | ||
| Q2 25 | $5.3B | $10.2B | ||
| Q1 25 | $5.1B | $9.4B | ||
| Q4 24 | $5.0B | $10.6B | ||
| Q3 24 | $5.3B | $12.2B | ||
| Q2 24 | $5.4B | $11.5B |
负债/权益比MASVFC
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× |
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 | — | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $977.9M |
| 自由现金流率自由现金流/营收 | — | 34.0% |
| 资本支出强度资本支出/营收 | 1.8% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 3.36× |
| 过去12个月自由现金流最近4个季度 | — | $357.6M |
8季度趋势，按日历期对齐
经营现金流MASVFC
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $1.0B | ||
| Q3 25 | $456.0M | $-227.0M | ||
| Q2 25 | $306.0M | $-145.5M | ||
| Q1 25 | $-158.0M | $-171.1M | ||
| Q4 24 | $407.0M | $918.1M | ||
| Q3 24 | $416.0M | $-301.6M | ||
| Q2 24 | $346.0M | $19.8M |
自由现金流MASVFC
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $977.9M | ||
| Q3 25 | $415.0M | $-253.5M | ||
| Q2 25 | $270.0M | $-173.7M | ||
| Q1 25 | $-190.0M | $-193.0M | ||
| Q4 24 | $351.0M | $899.7M | ||
| Q3 24 | $378.0M | $-322.4M | ||
| Q2 24 | $303.0M | $-5.4M |
自由现金流率MASVFC
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 34.0% | ||
| Q3 25 | 21.6% | -9.0% | ||
| Q2 25 | 13.2% | -9.9% | ||
| Q1 25 | -10.5% | -9.6% | ||
| Q4 24 | 19.2% | 31.7% | ||
| Q3 24 | 19.1% | -11.7% | ||
| Q2 24 | 14.5% | -0.3% |
资本支出强度MASVFC
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 1.1% | ||
| Q3 25 | 2.1% | 0.9% | ||
| Q2 25 | 1.8% | 1.6% | ||
| Q1 25 | 1.8% | 1.1% | ||
| Q4 24 | 3.1% | 0.6% | ||
| Q3 24 | 1.9% | 0.8% | ||
| Q2 24 | 2.1% | 1.3% |
现金转化率MASVFC
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 3.36× | ||
| Q3 25 | 2.41× | -1.20× | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | -0.85× | — | ||
| Q4 24 | 2.24× | 5.47× | ||
| Q3 24 | 2.49× | -5.78× | ||
| Q2 24 | 1.34× | — |
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
MAS
暂无分部数据
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
