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纳斯达克（NDAQ）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是纳斯达克的1.4倍（$3.0B vs $2.1B），西部数据净利率更高（61.1% vs 24.3%，领先36.8%），西部数据同比增速更快（31.5% vs 2.0%），过去两年纳斯达克的营收复合增速更高（9.2% vs -6.6%）
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
NDAQ vs WDC — 直观对比
营收规模更大
WDC
是对方的1.4倍
$2.1B
营收增速更快
WDC
高出29.6%
2.0%
净利率更高
WDC
高出36.8%
24.3%
两年增速更快
NDAQ
近两年复合增速
-6.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.0B |
| 净利润 | $519.0M | $1.8B |
| 毛利率 | — | 45.7% |
| 营业利润率 | 30.7% | 30.1% |
| 净利率 | 24.3% | 61.1% |
| 营收同比 | 2.0% | 31.5% |
| 净利润同比 | 31.4% | 254.2% |
| 每股收益（稀释后） | $0.91 | $4.73 |
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NDAQWDC
| Q1 26 | $2.1B | $3.0B | ||
| Q4 25 | $2.1B | $2.8B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | $-1.2B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.0B | $4.3B | ||
| Q3 24 | $1.9B | $4.1B | ||
| Q2 24 | $1.8B | $3.8B |
净利润NDAQWDC
| Q1 26 | $519.0M | $1.8B | ||
| Q4 25 | $518.0M | $1.2B | ||
| Q3 25 | $423.0M | — | ||
| Q2 25 | $452.0M | $282.0M | ||
| Q1 25 | $395.0M | $520.0M | ||
| Q4 24 | $355.0M | $594.0M | ||
| Q3 24 | $306.0M | $493.0M | ||
| Q2 24 | $222.0M | $39.0M |
毛利率NDAQWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 65.5% | 43.5% | ||
| Q3 25 | 67.2% | — | ||
| Q2 25 | 62.5% | — | ||
| Q1 25 | 59.2% | 39.8% | ||
| Q4 24 | 60.4% | 35.4% | ||
| Q3 24 | 60.3% | 37.9% | ||
| Q2 24 | 64.7% | 35.9% |
营业利润率NDAQWDC
| Q1 26 | 30.7% | 30.1% | ||
| Q4 25 | 29.7% | 28.1% | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 27.2% | — | ||
| Q1 25 | 26.2% | 33.1% | ||
| Q4 24 | 25.4% | 19.9% | ||
| Q3 24 | 23.6% | 18.1% | ||
| Q2 24 | 23.6% | 5.7% |
净利率NDAQWDC
| Q1 26 | 24.3% | 61.1% | ||
| Q4 25 | 24.4% | 41.9% | ||
| Q3 25 | 21.6% | — | ||
| Q2 25 | 21.6% | -24.4% | ||
| Q1 25 | 18.9% | 22.7% | ||
| Q4 24 | 17.5% | 13.9% | ||
| Q3 24 | 16.1% | 12.0% | ||
| Q2 24 | 12.4% | 1.0% |
每股收益（稀释后）NDAQWDC
| Q1 26 | $0.91 | $4.73 | ||
| Q4 25 | $0.90 | $3.07 | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.78 | $0.72 | ||
| Q1 25 | $0.68 | $1.42 | ||
| Q4 24 | $0.62 | $1.63 | ||
| Q3 24 | $0.53 | $1.35 | ||
| Q2 24 | $0.38 | $0.15 |
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 | $515.0M | $2.0B |
| 总债务越低越好 | $9.0B | $4.7B |
| 股东权益账面价值 | $12.0B | $7.1B |
| 总资产 | $27.3B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.74× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资NDAQWDC
| Q1 26 | $515.0M | $2.0B | ||
| Q4 25 | $604.0M | $2.0B | ||
| Q3 25 | $470.0M | — | ||
| Q2 25 | $732.0M | $2.1B | ||
| Q1 25 | $690.0M | $3.5B | ||
| Q4 24 | $592.0M | $2.3B | ||
| Q3 24 | $266.0M | $1.7B | ||
| Q2 24 | $416.0M | $1.9B |
总债务NDAQWDC
| Q1 26 | $9.0B | $4.7B | ||
| Q4 25 | $8.6B | $4.7B | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | $4.7B | ||
| Q1 25 | $8.9B | $7.3B | ||
| Q4 24 | $9.1B | $7.4B | ||
| Q3 24 | $9.4B | $7.4B | ||
| Q2 24 | $9.2B | $7.4B |
股东权益NDAQWDC
| Q1 26 | $12.0B | $7.1B | ||
| Q4 25 | $12.2B | $5.9B | ||
| Q3 25 | $12.0B | — | ||
| Q2 25 | $11.8B | $5.3B | ||
| Q1 25 | $11.5B | $5.2B | ||
| Q4 24 | $11.2B | $12.1B | ||
| Q3 24 | $11.1B | $11.6B | ||
| Q2 24 | $10.9B | $10.8B |
总资产NDAQWDC
| Q1 26 | $27.3B | $15.6B | ||
| Q4 25 | $31.1B | $14.4B | ||
| Q3 25 | $30.7B | — | ||
| Q2 25 | $30.4B | $14.0B | ||
| Q1 25 | $30.6B | $16.4B | ||
| Q4 24 | $30.4B | $25.5B | ||
| Q3 24 | $30.6B | $24.8B | ||
| Q2 24 | $30.2B | $24.2B |
负债/权益比NDAQWDC
| Q1 26 | 0.74× | 0.65× | ||
| Q4 25 | 0.70× | 0.80× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | 0.89× | ||
| Q1 25 | 0.77× | 1.42× | ||
| Q4 24 | 0.81× | 0.61× | ||
| Q3 24 | 0.85× | 0.64× | ||
| Q2 24 | 0.85× | 0.69× |
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
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
