vs
宝洁（PG）与保德信金融（PRU）财务数据对比。点击上方公司名可切换其他公司
宝洁的季度营收约是保德信金融的1.4倍（$22.2B vs $15.7B），宝洁净利率更高（19.4% vs 5.8%，领先13.7%），保德信金融同比增速更快（25.3% vs 1.5%），过去两年宝洁的营收复合增速更高（4.9% vs -18.3%）
宝洁是总部位于美国俄亥俄州辛辛那提的跨国消费品巨头，业务覆盖美容护理、家居清洁、个人护理、母婴护理等多个品类，旗下拥有大量知名消费品牌，产品行销全球绝大多数国家和地区，广受各地消费者的信赖与喜爱。
保德信金融是美国头部金融服务企业，旗下子公司面向美国及全球40余个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品与服务。2019年其为美国规模最大的保险提供商，总资产达8151亿美元，同时入选财富世界500强及美国财富500强榜单。
PG vs PRU — 直观对比
营收规模更大
PG
是对方的1.4倍
$15.7B
营收增速更快
PRU
高出23.8%
1.5%
净利率更高
PG
高出13.7%
5.8%
两年增速更快
PG
近两年复合增速
-18.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $22.2B | $15.7B |
| 净利润 | $4.3B | $905.0M |
| 毛利率 | 51.2% | — |
| 营业利润率 | 24.2% | 7.7% |
| 净利率 | 19.4% | 5.8% |
| 营收同比 | 1.5% | 25.3% |
| 净利润同比 | -6.7% | 1687.7% |
| 每股收益（稀释后） | $1.78 | $2.54 |
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PGPRU
| Q4 25 | $22.2B | $15.7B | ||
| Q3 25 | $22.4B | $17.9B | ||
| Q2 25 | $20.9B | $13.7B | ||
| Q1 25 | $19.8B | $13.5B | ||
| Q4 24 | $21.9B | $12.5B | ||
| Q3 24 | $21.7B | $19.5B | ||
| Q2 24 | $20.5B | $14.9B | ||
| Q1 24 | $20.2B | $23.5B |
净利润PGPRU
| Q4 25 | $4.3B | $905.0M | ||
| Q3 25 | $4.8B | $1.4B | ||
| Q2 25 | $3.6B | $533.0M | ||
| Q1 25 | $3.8B | $707.0M | ||
| Q4 24 | $4.6B | $-57.0M | ||
| Q3 24 | $4.0B | $448.0M | ||
| Q2 24 | $3.1B | $1.2B | ||
| Q1 24 | $3.8B | $1.1B |
毛利率PGPRU
| Q4 25 | 51.2% | — | ||
| Q3 25 | 51.4% | — | ||
| Q2 25 | 49.1% | — | ||
| Q1 25 | 51.0% | — | ||
| Q4 24 | 52.4% | — | ||
| Q3 24 | 52.1% | — | ||
| Q2 24 | 49.6% | — | ||
| Q1 24 | 51.2% | — |
营业利润率PGPRU
| Q4 25 | 24.2% | 7.7% | ||
| Q3 25 | 26.2% | 10.0% | ||
| Q2 25 | 20.8% | 5.4% | ||
| Q1 25 | 23.0% | 6.8% | ||
| Q4 24 | 26.2% | -1.2% | ||
| Q3 24 | 26.7% | 2.8% | ||
| Q2 24 | 18.9% | 9.5% | ||
| Q1 24 | 22.1% | 5.9% |
净利率PGPRU
| Q4 25 | 19.4% | 5.8% | ||
| Q3 25 | 21.2% | 8.0% | ||
| Q2 25 | 17.3% | 3.9% | ||
| Q1 25 | 19.1% | 5.2% | ||
| Q4 24 | 21.2% | -0.5% | ||
| Q3 24 | 18.2% | 2.3% | ||
| Q2 24 | 15.3% | 8.0% | ||
| Q1 24 | 18.6% | 4.8% |
每股收益（稀释后）PGPRU
| Q4 25 | $1.78 | $2.54 | ||
| Q3 25 | $1.95 | $4.01 | ||
| Q2 25 | $1.48 | $1.48 | ||
| Q1 25 | $1.54 | $1.96 | ||
| Q4 24 | $1.88 | $-0.14 | ||
| Q3 24 | $1.61 | $1.24 | ||
| Q2 24 | $1.27 | $3.28 | ||
| Q1 24 | $1.52 | $3.12 |
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 | — | $19.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $53.3B | $32.4B |
| 总资产 | $127.3B | $773.7B |
| 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PGPRU
| Q4 25 | — | $19.7B | ||
| Q3 25 | — | $17.5B | ||
| Q2 25 | — | $16.6B | ||
| Q1 25 | — | $16.1B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $20.2B | ||
| Q2 24 | — | $17.1B | ||
| Q1 24 | — | $18.7B |
股东权益PGPRU
| Q4 25 | $53.3B | $32.4B | ||
| Q3 25 | $53.6B | $32.1B | ||
| Q2 25 | $52.3B | $30.6B | ||
| Q1 25 | $52.5B | $29.9B | ||
| Q4 24 | $51.4B | $27.9B | ||
| Q3 24 | $52.1B | $30.4B | ||
| Q2 24 | $50.6B | $28.0B | ||
| Q1 24 | $50.3B | $27.2B |
总资产PGPRU
| Q4 25 | $127.3B | $773.7B | ||
| Q3 25 | $127.6B | $776.3B | ||
| Q2 25 | $125.2B | $759.0B | ||
| Q1 25 | $123.0B | $739.3B | ||
| Q4 24 | $122.6B | $735.6B | ||
| Q3 24 | $126.5B | $760.3B | ||
| Q2 24 | $122.4B | $715.2B | ||
| Q1 24 | $119.6B | $725.8B |
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 | $5.0B | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $3.8B | — |
| 自由现金流率自由现金流/营收 | 17.1% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | 1.15× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $14.8B | — |
8季度趋势，按日历期对齐
经营现金流PGPRU
| Q4 25 | $5.0B | $3.3B | ||
| Q3 25 | $5.4B | $4.3B | ||
| Q2 25 | $5.0B | $1.2B | ||
| Q1 25 | $3.7B | $-2.5B | ||
| Q4 24 | $4.8B | $2.3B | ||
| Q3 24 | $4.3B | $1.1B | ||
| Q2 24 | $5.8B | $-146.0M | ||
| Q1 24 | $4.1B | $5.2B |
自由现金流PGPRU
| Q4 25 | $3.8B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $3.3B | — |
自由现金流率PGPRU
| Q4 25 | 17.1% | — | ||
| Q3 25 | 18.8% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 16.3% | — |
资本支出强度PGPRU
| Q4 25 | 5.3% | — | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 3.8% | — | ||
| Q1 24 | 3.9% | — |
现金转化率PGPRU
| Q4 25 | 1.15× | 3.67× | ||
| Q3 25 | 1.14× | 3.00× | ||
| Q2 25 | 1.38× | 2.18× | ||
| Q1 25 | 0.98× | -3.54× | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.09× | 2.47× | ||
| Q2 24 | 1.83× | -0.12× | ||
| Q1 24 | 1.09× | 4.59× |
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
PG
| Fabric Home Care Segment | $7.7B | 35% |
| Baby Feminine Family Care Segment | $5.1B | 23% |
| Beauty Segment | $4.0B | 18% |
| Health Care Segment | $3.4B | 15% |
| Grooming Segment | $1.8B | 8% |
PRU
| Other | $8.5B | 54% |
| International Insurance Division | $4.4B | 28% |
| US Businesses Division | $1.6B | 10% |
| PGIM Division | $1.1B | 7% |
| Trading | $51.0M | 0% |
