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标普全球（SPGI）与TransDigm Group（TDG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是TransDigm Group的1.8倍（$4.2B vs $2.3B），标普全球净利率更高（36.1% vs 19.5%，领先16.6%），TransDigm Group同比增速更快（13.9% vs 10.0%），标普全球自由现金流更多（$919.0M vs $772.0M），过去两年TransDigm Group的营收复合增速更高（9.1% vs 8.4%）
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息、数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球市场财智、标普全球能源、标普全球移动、印度信用评级机构CRISIL等业务板块，同时控股合资企业标普道琼斯指数。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
SPGI vs TDG — 直观对比
营收规模更大
SPGI
是对方的1.8倍
$2.3B
营收增速更快
TDG
高出3.9%
10.0%
净利率更高
SPGI
高出16.6%
19.5%
自由现金流更多
SPGI
多$147.0M
$772.0M
两年增速更快
TDG
近两年复合增速
8.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.3B |
| 净利润 | $1.5B | $445.0M |
| 毛利率 | — | 59.2% |
| 营业利润率 | 48.0% | 45.6% |
| 净利率 | 36.1% | 19.5% |
| 营收同比 | 10.0% | 13.9% |
| 净利润同比 | 28.0% | -9.7% |
| 每股收益（稀释后） | $4.69 | $6.62 |
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SPGITDG
| Q1 26 | $4.2B | — | ||
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $3.9B | $2.4B | ||
| Q2 25 | $3.8B | $2.2B | ||
| Q1 25 | $3.8B | $2.1B | ||
| Q4 24 | $3.6B | $2.0B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.5B | $2.0B |
净利润SPGITDG
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.1B | $445.0M | ||
| Q3 25 | $1.2B | $610.0M | ||
| Q2 25 | $1.1B | $492.0M | ||
| Q1 25 | $1.1B | $479.0M | ||
| Q4 24 | $879.0M | $493.0M | ||
| Q3 24 | $971.0M | $468.0M | ||
| Q2 24 | $1.0B | $461.0M |
毛利率SPGITDG
| Q1 26 | — | — | ||
| Q4 25 | 70.1% | 59.2% | ||
| Q3 25 | 71.2% | 60.3% | ||
| Q2 25 | 70.2% | 59.5% | ||
| Q1 25 | 69.5% | 59.3% | ||
| Q4 24 | 69.8% | 61.6% | ||
| Q3 24 | 70.0% | 57.5% | ||
| Q2 24 | 69.4% | 59.6% |
营业利润率SPGITDG
| Q1 26 | 48.0% | — | ||
| Q4 25 | 42.7% | 45.6% | ||
| Q3 25 | 43.1% | 47.6% | ||
| Q2 25 | 41.3% | 46.4% | ||
| Q1 25 | 41.8% | 46.1% | ||
| Q4 24 | 36.4% | 48.6% | ||
| Q3 24 | 40.1% | 43.1% | ||
| Q2 24 | 40.9% | 45.7% |
净利率SPGITDG
| Q1 26 | 36.1% | — | ||
| Q4 25 | 28.9% | 19.5% | ||
| Q3 25 | 30.2% | 25.0% | ||
| Q2 25 | 28.5% | 22.0% | ||
| Q1 25 | 28.9% | 22.3% | ||
| Q4 24 | 24.5% | 24.6% | ||
| Q3 24 | 27.2% | 21.4% | ||
| Q2 24 | 28.5% | 22.5% |
每股收益（稀释后）SPGITDG
| Q1 26 | $4.69 | — | ||
| Q4 25 | $3.76 | $6.62 | ||
| Q3 25 | $3.86 | $7.75 | ||
| Q2 25 | $3.50 | $8.47 | ||
| Q1 25 | $3.54 | $8.24 | ||
| Q4 24 | $2.85 | $7.62 | ||
| Q3 24 | $3.11 | $5.82 | ||
| Q2 24 | $3.23 | $7.96 |
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 | — | $2.5B |
| 总债务越低越好 | $13.3B | $29.2B |
| 股东权益账面价值 | $31.3B | $-9.3B |
| 总资产 | $60.8B | $23.8B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资SPGITDG
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.8B | $2.8B | ||
| Q1 25 | $1.5B | $2.4B | ||
| Q4 24 | $1.7B | $2.5B | ||
| Q3 24 | $1.7B | $6.3B | ||
| Q2 24 | $2.0B | $3.4B |
总债务SPGITDG
| Q1 26 | $13.3B | — | ||
| Q4 25 | $13.1B | $29.2B | ||
| Q3 25 | $11.4B | $29.2B | ||
| Q2 25 | $11.4B | $24.3B | ||
| Q1 25 | $11.4B | $24.3B | ||
| Q4 24 | $11.4B | $24.3B | ||
| Q3 24 | $11.4B | $24.3B | ||
| Q2 24 | $11.4B | $21.4B |
股东权益SPGITDG
| Q1 26 | $31.3B | — | ||
| Q4 25 | $31.1B | $-9.3B | ||
| Q3 25 | $33.1B | $-9.7B | ||
| Q2 25 | $33.4B | $-5.0B | ||
| Q1 25 | $33.4B | $-5.7B | ||
| Q4 24 | $33.2B | $-6.3B | ||
| Q3 24 | $34.0B | $-6.3B | ||
| Q2 24 | $34.9B | $-2.5B |
总资产SPGITDG
| Q1 26 | $60.8B | — | ||
| Q4 25 | $61.2B | $23.8B | ||
| Q3 25 | $59.7B | $22.9B | ||
| Q2 25 | $60.4B | $22.7B | ||
| Q1 25 | $59.9B | $21.9B | ||
| Q4 24 | $60.2B | $21.5B | ||
| Q3 24 | $60.4B | $25.6B | ||
| Q2 24 | $61.0B | $21.8B |
负债/权益比SPGITDG
| Q1 26 | 0.43× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.33× | — |
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 | — | $832.0M |
| 自由现金流经营现金流 - 资本支出 | $919.0M | $772.0M |
| 自由现金流率自由现金流/营收 | 22.0% | 33.8% |
| 资本支出强度资本支出/营收 | 0.6% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $5.5B | $1.9B |
8季度趋势，按日历期对齐
经营现金流SPGITDG
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $832.0M | ||
| Q3 25 | $1.5B | $507.0M | ||
| Q2 25 | $1.4B | $631.0M | ||
| Q1 25 | $953.0M | $148.0M | ||
| Q4 24 | $1.7B | $752.0M | ||
| Q3 24 | $1.4B | $572.0M | ||
| Q2 24 | $1.6B | $608.0M |
自由现金流SPGITDG
| Q1 26 | $919.0M | — | ||
| Q4 25 | $1.7B | $772.0M | ||
| Q3 25 | $1.5B | $441.0M | ||
| Q2 25 | $1.4B | $573.0M | ||
| Q1 25 | $910.0M | $92.0M | ||
| Q4 24 | $1.7B | $710.0M | ||
| Q3 24 | $1.4B | $531.0M | ||
| Q2 24 | $1.5B | $568.0M |
自由现金流率SPGITDG
| Q1 26 | 22.0% | — | ||
| Q4 25 | 43.5% | 33.8% | ||
| Q3 25 | 37.6% | 18.1% | ||
| Q2 25 | 36.9% | 25.6% | ||
| Q1 25 | 24.1% | 4.3% | ||
| Q4 24 | 47.5% | 35.4% | ||
| Q3 24 | 39.4% | 24.3% | ||
| Q2 24 | 42.9% | 27.8% |
资本支出强度SPGITDG
| Q1 26 | 0.6% | — | ||
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 1.2% | 2.7% | ||
| Q2 25 | 1.6% | 2.6% | ||
| Q1 25 | 1.1% | 2.6% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 1.0% | 1.9% | ||
| Q2 24 | 0.9% | 2.0% |
现金转化率SPGITDG
| Q1 26 | — | — | ||
| Q4 25 | 1.54× | 1.87× | ||
| Q3 25 | 1.28× | 0.83× | ||
| Q2 25 | 1.35× | 1.28× | ||
| Q1 25 | 0.87× | 0.31× | ||
| Q4 24 | 1.98× | 1.53× | ||
| Q3 24 | 1.49× | 1.22× | ||
| Q2 24 | 1.54× | 1.32× |
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
SPGI
| Ratings | $1.3B | 31% |
| Market Intelligence | $1.3B | 31% |
| Energy | $652.0M | 16% |
| Indices | $519.0M | 12% |
| Mobility | $454.0M | 11% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
