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欧文斯科宁（OC）与Wabtec（WAB）财务数据对比。点击上方公司名可切换其他公司
Wabtec的季度营收约是欧文斯科宁的1.4倍（$3.0B vs $2.1B），Wabtec净利率更高（12.3% vs -13.9%，领先26.2%），Wabtec同比增速更快（13.0% vs -24.6%），过去两年Wabtec的营收复合增速更高（5.6% vs -3.5%）
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
西屋空气制动技术公司（通称Wabtec）是美国知名轨道交通设备企业，1999年由西屋空气制动公司（WABCO）与动力设备厂商MotivePower合并组建，总部设于宾夕法尼亚州匹兹堡，在全球轨交制动系统、牵引动力设备等领域拥有领先的技术实力与市场份额。
OC vs WAB — 直观对比
营收规模更大
WAB
是对方的1.4倍
$2.1B
营收增速更快
WAB
高出37.6%
-24.6%
净利率更高
WAB
高出26.2%
-13.9%
两年增速更快
WAB
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.0B |
| 净利润 | $-298.0M | $363.0M |
| 毛利率 | 23.2% | 36.0% |
| 营业利润率 | -10.5% | 17.5% |
| 净利率 | -13.9% | 12.3% |
| 营收同比 | -24.6% | 13.0% |
| 净利润同比 | -15.5% | 11.0% |
| 每股收益（稀释后） | $-3.47 | $2.12 |
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OCWAB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.7B | $2.9B | ||
| Q2 25 | $2.7B | $2.7B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.8B | $2.6B | ||
| Q3 24 | $3.0B | $2.7B | ||
| Q2 24 | $2.8B | $2.6B |
净利润OCWAB
| Q1 26 | — | $363.0M | ||
| Q4 25 | $-298.0M | $202.0M | ||
| Q3 25 | $-494.0M | $310.0M | ||
| Q2 25 | $363.0M | $336.0M | ||
| Q1 25 | $-93.0M | $322.0M | ||
| Q4 24 | $-258.0M | $212.0M | ||
| Q3 24 | $321.0M | $283.0M | ||
| Q2 24 | $285.0M | $289.0M |
毛利率OCWAB
| Q1 26 | — | 36.0% | ||
| Q4 25 | 23.2% | 32.6% | ||
| Q3 25 | 28.2% | 34.7% | ||
| Q2 25 | 31.2% | 34.7% | ||
| Q1 25 | 28.7% | 34.5% | ||
| Q4 24 | 28.1% | 30.9% | ||
| Q3 24 | 29.8% | 33.0% | ||
| Q2 24 | 31.1% | 33.1% |
营业利润率OCWAB
| Q1 26 | — | 17.5% | ||
| Q4 25 | -10.5% | 12.0% | ||
| Q3 25 | -12.2% | 17.0% | ||
| Q2 25 | 18.4% | 17.4% | ||
| Q1 25 | 16.1% | 18.2% | ||
| Q4 24 | -8.5% | 12.9% | ||
| Q3 24 | 16.7% | 16.3% | ||
| Q2 24 | 16.4% | 16.3% |
净利率OCWAB
| Q1 26 | — | 12.3% | ||
| Q4 25 | -13.9% | 6.8% | ||
| Q3 25 | -18.4% | 10.7% | ||
| Q2 25 | 13.2% | 12.4% | ||
| Q1 25 | -3.7% | 12.3% | ||
| Q4 24 | -9.1% | 8.2% | ||
| Q3 24 | 10.5% | 10.6% | ||
| Q2 24 | 10.2% | 10.9% |
每股收益（稀释后）OCWAB
| Q1 26 | — | $2.12 | ||
| Q4 25 | $-3.47 | $1.18 | ||
| Q3 25 | $-5.92 | $1.81 | ||
| Q2 25 | $4.25 | $1.96 | ||
| Q1 25 | $-1.08 | $1.88 | ||
| Q4 24 | $-2.92 | $1.24 | ||
| Q3 24 | $3.65 | $1.63 | ||
| Q2 24 | $3.24 | $1.64 |
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 | $345.0M | — |
| 总债务越低越好 | $4.7B | $4.7B |
| 股东权益账面价值 | $3.9B | $11.1B |
| 总资产 | $13.0B | $23.2B |
| 负债/权益比越低杠杆越低 | 1.22× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资OCWAB
| Q1 26 | — | — | ||
| Q4 25 | $345.0M | — | ||
| Q3 25 | $286.0M | — | ||
| Q2 25 | $230.0M | — | ||
| Q1 25 | $400.0M | — | ||
| Q4 24 | $361.0M | — | ||
| Q3 24 | $499.0M | — | ||
| Q2 24 | $254.0M | — |
总债务OCWAB
| Q1 26 | — | $4.7B | ||
| Q4 25 | $4.7B | $5.5B | ||
| Q3 25 | $4.7B | $5.3B | ||
| Q2 25 | $5.1B | $4.8B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $5.1B | $4.0B | ||
| Q3 24 | $5.0B | $4.0B | ||
| Q2 24 | $5.0B | $4.0B |
股东权益OCWAB
| Q1 26 | — | $11.1B | ||
| Q4 25 | $3.9B | $11.1B | ||
| Q3 25 | $4.4B | $11.0B | ||
| Q2 25 | $5.2B | $10.8B | ||
| Q1 25 | $4.9B | $10.4B | ||
| Q4 24 | $5.1B | $10.1B | ||
| Q3 24 | $5.6B | $10.3B | ||
| Q2 24 | $5.5B | $10.5B |
总资产OCWAB
| Q1 26 | — | $23.2B | ||
| Q4 25 | $13.0B | $22.1B | ||
| Q3 25 | $13.5B | $21.5B | ||
| Q2 25 | $14.5B | $20.4B | ||
| Q1 25 | $14.3B | $19.1B | ||
| Q4 24 | $14.1B | $18.7B | ||
| Q3 24 | $15.1B | $18.6B | ||
| Q2 24 | $15.0B | $18.9B |
负债/权益比OCWAB
| Q1 26 | — | 0.42× | ||
| Q4 25 | 1.22× | 0.50× | ||
| Q3 25 | 1.06× | 0.48× | ||
| Q2 25 | 0.98× | 0.44× | ||
| Q1 25 | 1.03× | 0.39× | ||
| Q4 24 | 1.01× | 0.39× | ||
| Q3 24 | 0.89× | 0.39× | ||
| Q2 24 | 0.92× | 0.38× |
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 | $590.0M | $199.0M |
| 自由现金流经营现金流 - 资本支出 | $333.0M | — |
| 自由现金流率自由现金流/营收 | 15.5% | — |
| 资本支出强度资本支出/营收 | 12.0% | — |
| 现金转化率经营现金流/净利润 | — | 0.55× |
| 过去12个月自由现金流最近4个季度 | $962.0M | — |
8季度趋势，按日历期对齐
经营现金流OCWAB
| Q1 26 | — | $199.0M | ||
| Q4 25 | $590.0M | $992.0M | ||
| Q3 25 | $918.0M | $367.0M | ||
| Q2 25 | $327.0M | $209.0M | ||
| Q1 25 | $-49.0M | $191.0M | ||
| Q4 24 | $676.0M | $723.0M | ||
| Q3 24 | $699.0M | $542.0M | ||
| Q2 24 | $493.0M | $235.0M |
自由现金流OCWAB
| Q1 26 | — | — | ||
| Q4 25 | $333.0M | $870.0M | ||
| Q3 25 | $752.0M | $312.0M | ||
| Q2 25 | $129.0M | $170.0M | ||
| Q1 25 | $-252.0M | $147.0M | ||
| Q4 24 | $479.0M | $639.0M | ||
| Q3 24 | $558.0M | $496.0M | ||
| Q2 24 | $336.0M | $189.0M |
自由现金流率OCWAB
| Q1 26 | — | — | ||
| Q4 25 | 15.5% | 29.3% | ||
| Q3 25 | 28.0% | 10.8% | ||
| Q2 25 | 4.7% | 6.3% | ||
| Q1 25 | -10.0% | 5.6% | ||
| Q4 24 | 16.9% | 24.7% | ||
| Q3 24 | 18.3% | 18.6% | ||
| Q2 24 | 12.0% | 7.1% |
资本支出强度OCWAB
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 4.1% | ||
| Q3 25 | 6.2% | 1.9% | ||
| Q2 25 | 7.2% | 1.4% | ||
| Q1 25 | 8.0% | 1.7% | ||
| Q4 24 | 6.9% | 3.3% | ||
| Q3 24 | 4.6% | 1.7% | ||
| Q2 24 | 5.6% | 1.7% |
现金转化率OCWAB
| Q1 26 | — | 0.55× | ||
| Q4 25 | — | 4.91× | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | 0.90× | 0.62× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 3.41× | ||
| Q3 24 | 2.18× | 1.92× | ||
| Q2 24 | 1.73× | 0.81× |
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
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
WAB
暂无分部数据
