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Steel Dynamics（STLD）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
Steel Dynamics的季度营收约是史丹利百得的1.4倍（$5.2B vs $3.8B），Steel Dynamics净利率更高（7.7% vs 1.5%，领先6.1%），Steel Dynamics同比增速更快（17.9% vs 2.7%），过去两年Steel Dynamics的营收复合增速更高（6.0% vs -0.3%）
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
STLD vs SWK — 直观对比
营收规模更大
STLD
是对方的1.4倍
$3.8B
营收增速更快
STLD
高出15.2%
2.7%
净利率更高
STLD
高出6.1%
1.5%
两年增速更快
STLD
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $3.8B |
| 净利润 | $400.1M | $59.6M |
| 毛利率 | 14.7% | 30.1% |
| 营业利润率 | 10.3% | 4.2% |
| 净利率 | 7.7% | 1.5% |
| 营收同比 | 17.9% | 2.7% |
| 净利润同比 | 51.3% | -34.1% |
| 每股收益（稀释后） | $2.78 | $0.39 |
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STLDSWK
| Q1 26 | $5.2B | $3.8B | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.8B | $3.8B | ||
| Q2 25 | $4.6B | $3.9B | ||
| Q1 25 | $4.4B | $3.7B | ||
| Q4 24 | $3.9B | $3.7B | ||
| Q3 24 | $4.3B | $3.8B | ||
| Q2 24 | $4.6B | $4.0B |
净利润STLDSWK
| Q1 26 | $400.1M | $59.6M | ||
| Q4 25 | $266.0M | — | ||
| Q3 25 | $403.7M | $51.4M | ||
| Q2 25 | $298.7M | $101.9M | ||
| Q1 25 | $217.2M | $90.4M | ||
| Q4 24 | $207.3M | $194.9M | ||
| Q3 24 | $317.8M | $91.1M | ||
| Q2 24 | $428.0M | $-11.2M |
毛利率STLDSWK
| Q1 26 | 14.7% | 30.1% | ||
| Q4 25 | 12.0% | — | ||
| Q3 25 | 15.7% | 31.4% | ||
| Q2 25 | 13.5% | 27.0% | ||
| Q1 25 | 11.1% | 29.9% | ||
| Q4 24 | 11.4% | 30.8% | ||
| Q3 24 | 13.9% | 29.9% | ||
| Q2 24 | 16.7% | 28.4% |
营业利润率STLDSWK
| Q1 26 | 10.3% | 4.2% | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 6.3% | — | ||
| Q4 24 | 6.1% | 3.4% | ||
| Q3 24 | 9.1% | 10.6% | ||
| Q2 24 | 12.1% | 9.5% |
净利率STLDSWK
| Q1 26 | 7.7% | 1.5% | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 8.4% | 1.4% | ||
| Q2 25 | 6.5% | 2.6% | ||
| Q1 25 | 5.0% | 2.4% | ||
| Q4 24 | 5.4% | 5.2% | ||
| Q3 24 | 7.3% | 2.4% | ||
| Q2 24 | 9.2% | -0.3% |
每股收益（稀释后）STLDSWK
| Q1 26 | $2.78 | $0.39 | ||
| Q4 25 | $1.80 | — | ||
| Q3 25 | $2.74 | $0.34 | ||
| Q2 25 | $2.01 | $0.67 | ||
| Q1 25 | $1.44 | $0.60 | ||
| Q4 24 | $1.40 | $1.29 | ||
| Q3 24 | $2.05 | $0.60 | ||
| Q2 24 | $2.72 | $-0.07 |
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 | $556.5M | $333.7M |
| 总债务越低越好 | $4.2B | $6.4B |
| 股东权益账面价值 | $9.0B | — |
| 总资产 | $16.7B | $21.6B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资STLDSWK
| Q1 26 | $556.5M | $333.7M | ||
| Q4 25 | $769.9M | — | ||
| Q3 25 | $770.4M | $268.3M | ||
| Q2 25 | $497.6M | $311.8M | ||
| Q1 25 | $1.2B | $344.8M | ||
| Q4 24 | $737.3M | $290.5M | ||
| Q3 24 | $1.7B | $298.7M | ||
| Q2 24 | $1.2B | $318.5M |
总债务STLDSWK
| Q1 26 | $4.2B | $6.4B | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $3.8B | $5.3B | ||
| Q2 25 | $3.8B | $5.6B | ||
| Q1 25 | $4.2B | $5.6B | ||
| Q4 24 | $3.2B | $6.1B | ||
| Q3 24 | $3.7B | $6.1B | ||
| Q2 24 | $3.1B | $6.1B |
股东权益STLDSWK
| Q1 26 | $9.0B | — | ||
| Q4 25 | $9.0B | — | ||
| Q3 25 | $9.0B | $9.0B | ||
| Q2 25 | $8.9B | $9.1B | ||
| Q1 25 | $8.8B | $8.8B | ||
| Q4 24 | $8.9B | $8.7B | ||
| Q3 24 | $9.1B | $8.9B | ||
| Q2 24 | $9.1B | $8.7B |
总资产STLDSWK
| Q1 26 | $16.7B | $21.6B | ||
| Q4 25 | $16.4B | — | ||
| Q3 25 | $16.0B | $21.8B | ||
| Q2 25 | $15.5B | $22.5B | ||
| Q1 25 | $15.9B | $22.5B | ||
| Q4 24 | $14.9B | $21.8B | ||
| Q3 24 | $15.7B | $22.5B | ||
| Q2 24 | $15.1B | $22.5B |
负债/权益比STLDSWK
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.42× | 0.59× | ||
| Q2 25 | 0.43× | 0.62× | ||
| Q1 25 | 0.48× | 0.63× | ||
| Q4 24 | 0.36× | 0.70× | ||
| Q3 24 | 0.41× | 0.69× | ||
| Q2 24 | 0.34× | 0.70× |
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 | $148.3M | $-388.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-447.3M |
| 自由现金流率自由现金流/营收 | — | -11.6% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.37× | -6.52× |
| 过去12个月自由现金流最近4个季度 | — | $-642.3M |
8季度趋势，按日历期对齐
经营现金流STLDSWK
| Q1 26 | $148.3M | $-388.8M | ||
| Q4 25 | $272.7M | — | ||
| Q3 25 | $722.6M | $221.2M | ||
| Q2 25 | $301.6M | $214.3M | ||
| Q1 25 | $152.6M | $-420.0M | ||
| Q4 24 | $346.9M | $679.1M | ||
| Q3 24 | $759.9M | $285.8M | ||
| Q2 24 | $382.6M | $573.0M |
自由现金流STLDSWK
| Q1 26 | — | $-447.3M | ||
| Q4 25 | $84.2M | — | ||
| Q3 25 | $556.9M | $155.3M | ||
| Q2 25 | $13.3M | $134.7M | ||
| Q1 25 | $-152.9M | $-485.0M | ||
| Q4 24 | $-106.3M | $564.6M | ||
| Q3 24 | $138.5M | $199.3M | ||
| Q2 24 | $-36.6M | $485.8M |
自由现金流率STLDSWK
| Q1 26 | — | -11.6% | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 11.5% | 4.1% | ||
| Q2 25 | 0.3% | 3.4% | ||
| Q1 25 | -3.5% | -13.0% | ||
| Q4 24 | -2.7% | 15.2% | ||
| Q3 24 | 3.2% | 5.3% | ||
| Q2 24 | -0.8% | 12.1% |
资本支出强度STLDSWK
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 3.4% | 1.8% | ||
| Q2 25 | 6.3% | 2.0% | ||
| Q1 25 | 7.0% | 1.7% | ||
| Q4 24 | 11.7% | 3.1% | ||
| Q3 24 | 14.3% | 2.3% | ||
| Q2 24 | 9.0% | 2.2% |
现金转化率STLDSWK
| Q1 26 | 0.37× | -6.52× | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 1.79× | 4.30× | ||
| Q2 25 | 1.01× | 2.10× | ||
| Q1 25 | 0.70× | -4.65× | ||
| Q4 24 | 1.67× | 3.48× | ||
| Q3 24 | 2.39× | 3.14× | ||
| Q2 24 | 0.89× | — |
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
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
SWK
暂无分部数据
