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NEWELL BRANDS INC.（NWL）与新美亚（SANM）财务数据对比。点击上方公司名可切换其他公司
新美亚的季度营收约是NEWELL BRANDS INC.的1.7倍（$3.2B vs $1.9B），新美亚净利率更高（1.5% vs -16.6%，领先18.2%），新美亚同比增速更快（59.0% vs -2.7%），新美亚自由现金流更多（$91.9M vs $91.0M），过去两年新美亚的营收复合增速更高（31.9% vs 7.1%）
纽威品牌公司（Newell Brands）是美国知名消费品与商用产品集团，旗下拥有多个广受欢迎的品牌，涵盖乐柏美（Rubbermaid）收纳及废弃物处理容器、家居收纳与可重复使用容器，Contigo、Bubba运动水杯，Coleman户外用品，文具胶水、儿童用品、炊具、小家电以及香氛产品等多元品类，覆盖日常生活多场景需求。
新美亚公司是总部位于美国加利福尼亚州圣何塞的电子制造服务（EMS）提供商，服务通信、计算机硬件领域的原始设备制造商（OEM）。集团拥有近80个生产基地，是全球规模最大的印刷电路板和背板独立制造商之一，2022年位列《财富》世界500强第482位。
NWL vs SANM — 直观对比
营收规模更大
SANM
是对方的1.7倍
$1.9B
营收增速更快
SANM
高出61.6%
-2.7%
净利率更高
SANM
高出18.2%
-16.6%
自由现金流更多
SANM
多$891.0K
$91.0M
两年增速更快
SANM
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.2B |
| 净利润 | $-315.0M | $49.3M |
| 毛利率 | 33.1% | 7.6% |
| 营业利润率 | -14.3% | 2.3% |
| 净利率 | -16.6% | 1.5% |
| 营收同比 | -2.7% | 59.0% |
| 净利润同比 | -483.3% | -24.2% |
| 每股收益（稀释后） | $-0.75 | $0.89 |
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NWLSANM
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $1.9B | $2.0B | ||
| Q2 24 | $2.0B | $1.8B | ||
| Q1 24 | $1.7B | $1.8B |
净利润NWLSANM
| Q4 25 | $-315.0M | $49.3M | ||
| Q3 25 | $21.0M | $48.1M | ||
| Q2 25 | $46.0M | $68.6M | ||
| Q1 25 | $-37.0M | $64.2M | ||
| Q4 24 | $-54.0M | $65.0M | ||
| Q3 24 | $-198.0M | $61.4M | ||
| Q2 24 | $45.0M | $51.6M | ||
| Q1 24 | $-9.0M | $52.5M |
毛利率NWLSANM
| Q4 25 | 33.1% | 7.6% | ||
| Q3 25 | 34.1% | 9.1% | ||
| Q2 25 | 35.4% | 8.9% | ||
| Q1 25 | 32.1% | 8.9% | ||
| Q4 24 | 34.2% | 8.4% | ||
| Q3 24 | 34.9% | 8.5% | ||
| Q2 24 | 34.4% | 8.3% | ||
| Q1 24 | 30.5% | 8.4% |
营业利润率NWLSANM
| Q4 25 | -14.3% | 2.3% | ||
| Q3 25 | 6.6% | 3.7% | ||
| Q2 25 | 8.8% | 4.7% | ||
| Q1 25 | 1.3% | 4.6% | ||
| Q4 24 | 0.5% | 4.4% | ||
| Q3 24 | -6.2% | 4.4% | ||
| Q2 24 | 8.0% | 4.5% | ||
| Q1 24 | 1.0% | 4.1% |
净利率NWLSANM
| Q4 25 | -16.6% | 1.5% | ||
| Q3 25 | 1.2% | 2.3% | ||
| Q2 25 | 2.4% | 3.4% | ||
| Q1 25 | -2.4% | 3.2% | ||
| Q4 24 | -2.8% | 3.2% | ||
| Q3 24 | -10.2% | 3.0% | ||
| Q2 24 | 2.2% | 2.8% | ||
| Q1 24 | -0.5% | 2.9% |
每股收益（稀释后）NWLSANM
| Q4 25 | $-0.75 | $0.89 | ||
| Q3 25 | $0.05 | $0.88 | ||
| Q2 25 | $0.11 | $1.26 | ||
| Q1 25 | $-0.09 | $1.16 | ||
| Q4 24 | $-0.13 | $1.16 | ||
| Q3 24 | $-0.48 | $1.09 | ||
| Q2 24 | $0.11 | $0.91 | ||
| Q1 24 | $-0.02 | $0.93 |
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 | $203.0M | $1.4B |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $2.4B | $2.7B |
| 总资产 | $10.7B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 0.82× |
8季度趋势，按日历期对齐
现金及短期投资NWLSANM
| Q4 25 | $203.0M | $1.4B | ||
| Q3 25 | $229.0M | $926.3M | ||
| Q2 25 | $219.0M | $797.9M | ||
| Q1 25 | $233.0M | $647.1M | ||
| Q4 24 | $198.0M | $642.4M | ||
| Q3 24 | $494.0M | $625.9M | ||
| Q2 24 | $382.0M | $657.7M | ||
| Q1 24 | $372.0M | $650.9M |
总债务NWLSANM
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $300.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NWLSANM
| Q4 25 | $2.4B | $2.7B | ||
| Q3 25 | $2.7B | $2.5B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.7B | $2.4B | ||
| Q4 24 | $2.8B | $2.4B | ||
| Q3 24 | $2.9B | $2.4B | ||
| Q2 24 | $3.1B | $2.3B | ||
| Q1 24 | $3.1B | $2.3B |
总资产NWLSANM
| Q4 25 | $10.7B | $9.8B | ||
| Q3 25 | $11.3B | $5.9B | ||
| Q2 25 | $11.5B | $5.2B | ||
| Q1 25 | $11.3B | $5.0B | ||
| Q4 24 | $11.0B | $4.8B | ||
| Q3 24 | $11.8B | $4.8B | ||
| Q2 24 | $12.0B | $4.7B | ||
| Q1 24 | $12.1B | $4.7B |
负债/权益比NWLSANM
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $161.0M | $178.7M |
| 自由现金流经营现金流 - 资本支出 | $91.0M | $91.9M |
| 自由现金流率自由现金流/营收 | 4.8% | 2.9% |
| 资本支出强度资本支出/营收 | 3.7% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 3.63× |
| 过去12个月自由现金流最近4个季度 | $17.0M | $518.3M |
8季度趋势，按日历期对齐
经营现金流NWLSANM
| Q4 25 | $161.0M | $178.7M | ||
| Q3 25 | $374.0M | $199.1M | ||
| Q2 25 | $-58.0M | $200.8M | ||
| Q1 25 | $-213.0M | $156.9M | ||
| Q4 24 | $150.0M | $63.9M | ||
| Q3 24 | $282.0M | $51.9M | ||
| Q2 24 | $32.0M | $90.0M | ||
| Q1 24 | $32.0M | $72.3M |
自由现金流NWLSANM
| Q4 25 | $91.0M | $91.9M | ||
| Q3 25 | $315.0M | $136.6M | ||
| Q2 25 | $-117.0M | $163.7M | ||
| Q1 25 | $-272.0M | $126.1M | ||
| Q4 24 | $54.0M | $46.9M | ||
| Q3 24 | $231.0M | $27.2M | ||
| Q2 24 | $-21.0M | $67.2M | ||
| Q1 24 | $-27.0M | $42.7M |
自由现金流率NWLSANM
| Q4 25 | 4.8% | 2.9% | ||
| Q3 25 | 17.4% | 6.5% | ||
| Q2 25 | -6.0% | 8.0% | ||
| Q1 25 | -17.4% | 6.4% | ||
| Q4 24 | 2.8% | 2.3% | ||
| Q3 24 | 11.9% | 1.4% | ||
| Q2 24 | -1.0% | 3.7% | ||
| Q1 24 | -1.6% | 2.3% |
资本支出强度NWLSANM
| Q4 25 | 3.7% | 2.7% | ||
| Q3 25 | 3.3% | 3.0% | ||
| Q2 25 | 3.0% | 1.8% | ||
| Q1 25 | 3.8% | 1.5% | ||
| Q4 24 | 4.9% | 0.9% | ||
| Q3 24 | 2.6% | 1.2% | ||
| Q2 24 | 2.6% | 1.2% | ||
| Q1 24 | 3.6% | 1.6% |
现金转化率NWLSANM
| Q4 25 | — | 3.63× | ||
| Q3 25 | 17.81× | 4.14× | ||
| Q2 25 | -1.26× | 2.93× | ||
| Q1 25 | — | 2.44× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | 0.71× | 1.74× | ||
| Q1 24 | — | 1.38× |
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
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
SANM
| Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation | $1.2B | 38% |
| ZT Systems | $1.1B | 34% |
| Other Segments CPS | $434.3M | 14% |
| CPS Third Party Revenue | $412.7M | 13% |
| Change In Accounting Method Accounted For As Change In Estimate | $2.7M | 0% |
