vs
Northern Trust（NTRS）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是Northern Trust的1.9倍（$4.1B vs $2.2B），Northern Trust净利率更高（23.7% vs 2.7%，领先21.1%），Northern Trust同比增速更快（13.8% vs -0.9%），过去两年Northern Trust的营收复合增速更高（37.8% vs -4.5%）
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
NTRS vs WHR — 直观对比
营收规模更大
WHR
是对方的1.9倍
$2.2B
营收增速更快
NTRS
高出14.7%
-0.9%
净利率更高
NTRS
高出21.1%
2.7%
两年增速更快
NTRS
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $4.1B |
| 净利润 | $525.5M | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | — | 6.0% |
| 净利率 | 23.7% | 2.7% |
| 营收同比 | 13.8% | -0.9% |
| 净利润同比 | 13.0% | 127.8% |
| 每股收益（稀释后） | $2.71 | $1.92 |
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NTRSWHR
| Q1 26 | $2.2B | — | ||
| Q4 25 | $1.3B | $4.1B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.2B | $3.8B | ||
| Q1 25 | $1.2B | $3.6B | ||
| Q4 24 | $1.2B | $4.1B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.2B | $4.0B |
净利润NTRSWHR
| Q1 26 | $525.5M | — | ||
| Q4 25 | $466.0M | $109.0M | ||
| Q3 25 | $457.6M | $73.0M | ||
| Q2 25 | $421.3M | $65.0M | ||
| Q1 25 | $392.0M | $71.0M | ||
| Q4 24 | $455.4M | $-392.0M | ||
| Q3 24 | $464.9M | $109.0M | ||
| Q2 24 | $896.1M | $219.0M |
毛利率NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 15.7% |
营业利润率NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | 48.5% | 6.0% | ||
| Q3 25 | 49.0% | 5.1% | ||
| Q2 25 | 45.9% | 5.4% | ||
| Q1 25 | 43.0% | 5.1% | ||
| Q4 24 | 48.6% | -3.3% | ||
| Q3 24 | 50.2% | 6.6% | ||
| Q2 24 | — | 3.3% |
净利率NTRSWHR
| Q1 26 | 23.7% | — | ||
| Q4 25 | 35.6% | 2.7% | ||
| Q3 25 | 36.2% | 1.8% | ||
| Q2 25 | 34.2% | 1.7% | ||
| Q1 25 | 32.3% | 2.0% | ||
| Q4 24 | 37.3% | -9.5% | ||
| Q3 24 | 38.9% | 2.7% | ||
| Q2 24 | 76.8% | 5.5% |
每股收益（稀释后）NTRSWHR
| Q1 26 | $2.71 | — | ||
| Q4 25 | $2.42 | $1.92 | ||
| Q3 25 | $2.29 | $1.29 | ||
| Q2 25 | $2.13 | $1.17 | ||
| Q1 25 | $1.90 | $1.28 | ||
| Q4 24 | $2.25 | $-7.11 | ||
| Q3 24 | $2.22 | $2.00 | ||
| Q2 24 | $4.34 | $3.96 |
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 | — | $669.0M |
| 总债务越低越好 | $2.9B | $6.2B |
| 股东权益账面价值 | $13.0B | $2.7B |
| 总资产 | $174.6B | $16.0B |
| 负债/权益比越低杠杆越低 | 0.22× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | — | $669.0M | ||
| Q3 25 | — | $934.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
总债务NTRSWHR
| Q1 26 | $2.9B | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NTRSWHR
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $2.7B | ||
| Q3 25 | $13.0B | $2.6B | ||
| Q2 25 | $12.9B | $2.6B | ||
| Q1 25 | $12.9B | $2.6B | ||
| Q4 24 | $12.8B | $2.7B | ||
| Q3 24 | $12.7B | $3.0B | ||
| Q2 24 | $12.7B | $3.1B |
总资产NTRSWHR
| Q1 26 | $174.6B | — | ||
| Q4 25 | $177.1B | $16.0B | ||
| Q3 25 | $170.3B | $16.9B | ||
| Q2 25 | $171.9B | $16.8B | ||
| Q1 25 | $165.1B | $16.5B | ||
| Q4 24 | $155.5B | $16.3B | ||
| Q3 24 | $155.8B | $17.2B | ||
| Q2 24 | $156.8B | $17.3B |
负债/权益比NTRSWHR
| Q1 26 | 0.22× | — | ||
| Q4 25 | — | 2.26× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $989.0M |
| 自由现金流率自由现金流/营收 | — | 24.1% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 10.45× |
| 过去12个月自由现金流最近4个季度 | — | $81.0M |
8季度趋势，按日历期对齐
经营现金流NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | $388.4M | $1.1B | ||
| Q3 25 | $525.8M | $33.0M | ||
| Q2 25 | $1.9B | $19.0M | ||
| Q1 25 | $2.7B | $-721.0M | ||
| Q4 24 | $-2.6B | $1.1B | ||
| Q3 24 | $611.1M | $214.0M | ||
| Q2 24 | $3.0B | $388.0M |
自由现金流NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | $355.6M | $989.0M | ||
| Q3 25 | $509.4M | $-52.0M | ||
| Q2 25 | $1.9B | $-63.0M | ||
| Q1 25 | $2.7B | $-793.0M | ||
| Q4 24 | $-2.7B | $970.0M | ||
| Q3 24 | $585.4M | $127.0M | ||
| Q2 24 | $3.0B | $275.0M |
自由现金流率NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 24.1% | ||
| Q3 25 | 40.3% | -1.3% | ||
| Q2 25 | 150.8% | -1.7% | ||
| Q1 25 | 225.5% | -21.9% | ||
| Q4 24 | -218.9% | 23.5% | ||
| Q3 24 | 48.9% | 3.2% | ||
| Q2 24 | 254.7% | 6.9% |
资本支出强度NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 3.7% | ||
| Q3 25 | 1.3% | 2.1% | ||
| Q2 25 | 1.0% | 2.2% | ||
| Q1 25 | 1.0% | 2.0% | ||
| Q4 24 | 3.3% | 3.3% | ||
| Q3 24 | 2.1% | 2.2% | ||
| Q2 24 | 1.8% | 2.8% |
现金转化率NTRSWHR
| Q1 26 | — | — | ||
| Q4 25 | 0.83× | 10.45× | ||
| Q3 25 | 1.15× | 0.45× | ||
| Q2 25 | 4.44× | 0.29× | ||
| Q1 25 | 7.01× | -10.15× | ||
| Q4 24 | -5.79× | — | ||
| Q3 24 | 1.31× | 1.96× | ||
| Q2 24 | 3.34× | 1.77× |
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
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
