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NEWELL BRANDS INC.（NWL）与Toll Brothers, Inc.（TOL）财务数据对比。点击上方公司名可切换其他公司
Toll Brothers, Inc.的季度营收约是NEWELL BRANDS INC.的1.8倍（$3.4B vs $1.9B），Toll Brothers, Inc.净利率更高（13.0% vs -16.6%，领先29.7%），Toll Brothers, Inc.同比增速更快（2.7% vs -2.7%），Toll Brothers, Inc.自由现金流更多（$772.2M vs $91.0M），过去两年Toll Brothers, Inc.的营收复合增速更高（32.6% 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。
Toll Brothers, Inc.是美国知名住宅建造企业，业务涵盖美国境内住宅及商业地产的开发、营销与融资服务。2020年按住宅建造营收统计，该公司为全美第五大房屋建造商，位列《财富》美国500强第411位。
NWL vs TOL — 直观对比
营收规模更大
TOL
是对方的1.8倍
$1.9B
营收增速更快
TOL
高出5.4%
-2.7%
净利率更高
TOL
高出29.7%
-16.6%
自由现金流更多
TOL
多$681.2M
$91.0M
两年增速更快
TOL
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.4B |
| 净利润 | $-315.0M | $446.7M |
| 毛利率 | 33.1% | 24.8% |
| 营业利润率 | -14.3% | 16.5% |
| 净利率 | -16.6% | 13.0% |
| 营收同比 | -2.7% | 2.7% |
| 净利润同比 | -483.3% | -6.0% |
| 每股收益（稀释后） | $-0.75 | $4.51 |
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NWLTOL
| Q4 25 | $1.9B | $3.4B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.9B | $3.3B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $2.0B | $2.8B | ||
| Q1 24 | $1.7B | $1.9B |
净利润NWLTOL
| Q4 25 | $-315.0M | $446.7M | ||
| Q3 25 | $21.0M | $369.6M | ||
| Q2 25 | $46.0M | $352.4M | ||
| Q1 25 | $-37.0M | $177.7M | ||
| Q4 24 | $-54.0M | $475.4M | ||
| Q3 24 | $-198.0M | $374.6M | ||
| Q2 24 | $45.0M | $481.6M | ||
| Q1 24 | $-9.0M | $239.6M |
毛利率NWLTOL
| Q4 25 | 33.1% | 24.8% | ||
| Q3 25 | 34.1% | 25.2% | ||
| Q2 25 | 35.4% | 25.8% | ||
| Q1 25 | 32.1% | 24.7% | ||
| Q4 24 | 34.2% | 26.4% | ||
| Q3 24 | 34.9% | 27.2% | ||
| Q2 24 | 34.4% | 30.4% | ||
| Q1 24 | 30.5% | 27.6% |
营业利润率NWLTOL
| Q4 25 | -14.3% | 16.5% | ||
| Q3 25 | 6.6% | 16.6% | ||
| Q2 25 | 8.8% | 16.4% | ||
| Q1 25 | 1.3% | 11.8% | ||
| Q4 24 | 0.5% | 18.3% | ||
| Q3 24 | -6.2% | 18.2% | ||
| Q2 24 | 8.0% | 22.0% | ||
| Q1 24 | 1.0% | 15.8% |
净利率NWLTOL
| Q4 25 | -16.6% | 13.0% | ||
| Q3 25 | 1.2% | 12.6% | ||
| Q2 25 | 2.4% | 12.9% | ||
| Q1 25 | -2.4% | 9.6% | ||
| Q4 24 | -2.8% | 14.3% | ||
| Q3 24 | -10.2% | 13.7% | ||
| Q2 24 | 2.2% | 17.0% | ||
| Q1 24 | -0.5% | 12.3% |
每股收益（稀释后）NWLTOL
| Q4 25 | $-0.75 | $4.51 | ||
| Q3 25 | $0.05 | $3.73 | ||
| Q2 25 | $0.11 | $3.50 | ||
| Q1 25 | $-0.09 | $1.75 | ||
| Q4 24 | $-0.13 | $4.61 | ||
| Q3 24 | $-0.48 | $3.60 | ||
| Q2 24 | $0.11 | $4.55 | ||
| Q1 24 | $-0.02 | $2.25 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $8.3B |
| 总资产 | $10.7B | $14.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NWLTOL
| Q4 25 | $203.0M | $1.3B | ||
| Q3 25 | $229.0M | $852.3M | ||
| Q2 25 | $219.0M | $686.5M | ||
| Q1 25 | $233.0M | $574.8M | ||
| Q4 24 | $198.0M | $1.3B | ||
| Q3 24 | $494.0M | $893.4M | ||
| Q2 24 | $382.0M | $1.0B | ||
| Q1 24 | $372.0M | $754.8M |
股东权益NWLTOL
| Q4 25 | $2.4B | $8.3B | ||
| Q3 25 | $2.7B | $8.1B | ||
| Q2 25 | $2.7B | $7.9B | ||
| Q1 25 | $2.7B | $7.8B | ||
| Q4 24 | $2.8B | $7.7B | ||
| Q3 24 | $2.9B | $7.4B | ||
| Q2 24 | $3.1B | $7.3B | ||
| Q1 24 | $3.1B | $7.0B |
总资产NWLTOL
| Q4 25 | $10.7B | $14.5B | ||
| Q3 25 | $11.3B | $14.4B | ||
| Q2 25 | $11.5B | $14.2B | ||
| Q1 25 | $11.3B | $13.6B | ||
| Q4 24 | $11.0B | $13.4B | ||
| Q3 24 | $11.8B | $13.4B | ||
| Q2 24 | $12.0B | $13.3B | ||
| Q1 24 | $12.1B | $12.5B |
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 | $800.0M |
| 自由现金流经营现金流 - 资本支出 | $91.0M | $772.2M |
| 自由现金流率自由现金流/营收 | 4.8% | 22.6% |
| 资本支出强度资本支出/营收 | 3.7% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 1.79× |
| 过去12个月自由现金流最近4个季度 | $17.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流NWLTOL
| Q4 25 | $161.0M | $800.0M | ||
| Q3 25 | $374.0M | $370.3M | ||
| Q2 25 | $-58.0M | $362.8M | ||
| Q1 25 | $-213.0M | $-420.8M | ||
| Q4 24 | $150.0M | $682.5M | ||
| Q3 24 | $282.0M | $175.6M | ||
| Q2 24 | $32.0M | $459.0M | ||
| Q1 24 | $32.0M | $-307.0M |
自由现金流NWLTOL
| Q4 25 | $91.0M | $772.2M | ||
| Q3 25 | $315.0M | $344.9M | ||
| Q2 25 | $-117.0M | $347.3M | ||
| Q1 25 | $-272.0M | $-438.1M | ||
| Q4 24 | $54.0M | $664.3M | ||
| Q3 24 | $231.0M | $149.9M | ||
| Q2 24 | $-21.0M | $442.9M | ||
| Q1 24 | $-27.0M | $-320.6M |
自由现金流率NWLTOL
| Q4 25 | 4.8% | 22.6% | ||
| Q3 25 | 17.4% | 11.7% | ||
| Q2 25 | -6.0% | 12.7% | ||
| Q1 25 | -17.4% | -23.6% | ||
| Q4 24 | 2.8% | 19.9% | ||
| Q3 24 | 11.9% | 5.5% | ||
| Q2 24 | -1.0% | 15.6% | ||
| Q1 24 | -1.6% | -16.5% |
资本支出强度NWLTOL
| Q4 25 | 3.7% | 0.8% | ||
| Q3 25 | 3.3% | 0.9% | ||
| Q2 25 | 3.0% | 0.6% | ||
| Q1 25 | 3.8% | 0.9% | ||
| Q4 24 | 4.9% | 0.5% | ||
| Q3 24 | 2.6% | 0.9% | ||
| Q2 24 | 2.6% | 0.6% | ||
| Q1 24 | 3.6% | 0.7% |
现金转化率NWLTOL
| Q4 25 | — | 1.79× | ||
| Q3 25 | 17.81× | 1.00× | ||
| Q2 25 | -1.26× | 1.03× | ||
| Q1 25 | — | -2.37× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | 0.71× | 0.95× | ||
| Q1 24 | — | -1.28× |
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% |
TOL
| Home Building | $3.4B | 100% |
| Land | $9.4M | 0% |
