vs
奥的斯（OTIS）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
奥的斯的季度营收约是韦莱韬悦的1.2倍（$3.6B vs $2.9B），韦莱韬悦净利率更高（25.5% vs 9.5%，领先16.0%），奥的斯同比增速更快（1.0% vs -3.5%），韦莱韬悦自由现金流更多（$708.0M vs $380.0M），过去两年韦莱韬悦的营收复合增速更高（12.0% vs -0.5%）
奥的斯（Otis Worldwide）是总部位于美国的知名垂直交通解决方案提供商，专业从事电梯、自动扶梯、自动人行道及相关配套设备的研发、生产与销售业务，产品覆盖全球各地区的商业楼宇、公共设施、住宅等多元场景。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
OTIS vs WTW — 直观对比
营收规模更大
OTIS
是对方的1.2倍
$2.9B
营收增速更快
OTIS
高出4.5%
-3.5%
净利率更高
WTW
高出16.0%
9.5%
自由现金流更多
WTW
多$328.0M
$380.0M
两年增速更快
WTW
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.9B |
| 净利润 | $340.0M | $735.0M |
| 毛利率 | — | — |
| 营业利润率 | 15.1% | 35.3% |
| 净利率 | 9.5% | 25.5% |
| 营收同比 | 1.0% | -3.5% |
| 净利润同比 | 750.0% | -41.0% |
| 每股收益（稀释后） | $0.87 | $7.50 |
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OTISWTW
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.8B | $2.9B | ||
| Q3 25 | $3.7B | $2.2B | ||
| Q2 25 | $3.6B | $2.2B | ||
| Q1 25 | $3.4B | $2.2B | ||
| Q4 24 | $3.7B | $3.0B | ||
| Q3 24 | $3.5B | $2.2B | ||
| Q2 24 | $3.6B | $2.2B |
净利润OTISWTW
| Q1 26 | $340.0M | — | ||
| Q4 25 | $374.0M | $735.0M | ||
| Q3 25 | $374.0M | $304.0M | ||
| Q2 25 | $393.0M | $331.0M | ||
| Q1 25 | $243.0M | $235.0M | ||
| Q4 24 | $337.0M | $1.2B | ||
| Q3 24 | $540.0M | $-1.7B | ||
| Q2 24 | $415.0M | $141.0M |
营业利润率OTISWTW
| Q1 26 | 15.1% | — | ||
| Q4 25 | 15.5% | 35.3% | ||
| Q3 25 | 15.9% | 18.7% | ||
| Q2 25 | 15.2% | 16.6% | ||
| Q1 25 | 12.3% | 19.8% | ||
| Q4 24 | 14.4% | 30.2% | ||
| Q3 24 | 10.2% | -34.2% | ||
| Q2 24 | 15.8% | 9.6% |
净利率OTISWTW
| Q1 26 | 9.5% | — | ||
| Q4 25 | 9.9% | 25.5% | ||
| Q3 25 | 10.1% | 13.6% | ||
| Q2 25 | 10.9% | 14.9% | ||
| Q1 25 | 7.3% | 10.8% | ||
| Q4 24 | 9.2% | 41.7% | ||
| Q3 24 | 15.2% | -74.8% | ||
| Q2 24 | 11.5% | 6.4% |
每股收益（稀释后）OTISWTW
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.95 | $7.50 | ||
| Q3 25 | $0.95 | $3.11 | ||
| Q2 25 | $0.99 | $3.32 | ||
| Q1 25 | $0.61 | $2.33 | ||
| Q4 24 | $0.85 | $12.29 | ||
| Q3 24 | $1.34 | $-16.44 | ||
| Q2 24 | $1.02 | $1.36 |
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 | $834.0M | $3.2B |
| 总债务越低越好 | $6.9B | $9.7B |
| 股东权益账面价值 | — | $8.0B |
| 总资产 | $10.5B | $29.5B |
| 负债/权益比越低杠杆越低 | — | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资OTISWTW
| Q1 26 | $834.0M | — | ||
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $840.0M | $1.9B | ||
| Q2 25 | $688.0M | $2.0B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $827.0M | $1.4B | ||
| Q2 24 | $942.0M | $1.2B |
总债务OTISWTW
| Q1 26 | $6.9B | — | ||
| Q4 25 | $7.8B | $9.7B | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.3B | $8.6B | ||
| Q3 24 | $6.9B | — | ||
| Q2 24 | $6.8B | — |
股东权益OTISWTW
| Q1 26 | — | — | ||
| Q4 25 | $-5.4B | $8.0B | ||
| Q3 25 | $-5.4B | $7.7B | ||
| Q2 25 | $-5.4B | $8.1B | ||
| Q1 25 | $-5.1B | $8.1B | ||
| Q4 24 | $-4.8B | $7.9B | ||
| Q3 24 | $-4.9B | $7.5B | ||
| Q2 24 | $-5.0B | $9.3B |
总资产OTISWTW
| Q1 26 | $10.5B | — | ||
| Q4 25 | $10.7B | $29.5B | ||
| Q3 25 | $10.8B | $27.4B | ||
| Q2 25 | $10.5B | $28.5B | ||
| Q1 25 | $11.2B | $28.1B | ||
| Q4 24 | $11.3B | $27.7B | ||
| Q3 24 | $10.3B | $27.2B | ||
| Q2 24 | $9.9B | $29.6B |
负债/权益比OTISWTW
| Q1 26 | — | — | ||
| Q4 25 | — | 1.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.08× | ||
| 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 | — | $771.0M |
| 自由现金流经营现金流 - 资本支出 | $380.0M | $708.0M |
| 自由现金流率自由现金流/营收 | 10.7% | 24.6% |
| 资本支出强度资本支出/营收 | 0.9% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.05× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $1.5B |
8季度趋势，按日历期对齐
经营现金流OTISWTW
| Q1 26 | — | — | ||
| Q4 25 | $817.0M | $771.0M | ||
| Q3 25 | $374.0M | $678.0M | ||
| Q2 25 | $215.0M | $361.0M | ||
| Q1 25 | $190.0M | $-35.0M | ||
| Q4 24 | $690.0M | $599.0M | ||
| Q3 24 | $394.0M | $482.0M | ||
| Q2 24 | $308.0M | $407.0M |
自由现金流OTISWTW
| Q1 26 | $380.0M | — | ||
| Q4 25 | $772.0M | $708.0M | ||
| Q3 25 | $337.0M | $621.0M | ||
| Q2 25 | $179.0M | $303.0M | ||
| Q1 25 | $156.0M | $-86.0M | ||
| Q4 24 | $651.0M | $543.0M | ||
| Q3 24 | $362.0M | $419.0M | ||
| Q2 24 | $284.0M | $341.0M |
自由现金流率OTISWTW
| Q1 26 | 10.7% | — | ||
| Q4 25 | 20.3% | 24.6% | ||
| Q3 25 | 9.1% | 27.7% | ||
| Q2 25 | 5.0% | 13.7% | ||
| Q1 25 | 4.7% | -3.9% | ||
| Q4 24 | 17.7% | 18.2% | ||
| Q3 24 | 10.2% | 18.7% | ||
| Q2 24 | 7.9% | 15.4% |
资本支出强度OTISWTW
| Q1 26 | 0.9% | — | ||
| Q4 25 | 1.2% | 2.2% | ||
| Q3 25 | 1.0% | 2.5% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 1.0% | 2.3% | ||
| Q4 24 | 1.1% | 1.9% | ||
| Q3 24 | 0.9% | 2.8% | ||
| Q2 24 | 0.7% | 3.0% |
现金转化率OTISWTW
| Q1 26 | — | — | ||
| Q4 25 | 2.18× | 1.05× | ||
| Q3 25 | 1.00× | 2.23× | ||
| Q2 25 | 0.55× | 1.09× | ||
| Q1 25 | 0.78× | -0.15× | ||
| Q4 24 | 2.05× | 0.48× | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.74× | 2.89× |
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
OTIS
| Service | $2.2B | 61% |
| New Equipment | $1.1B | 32% |
| Other | $230.0M | 6% |
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
