vs
希捷科技（STX）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
希捷科技的季度营收约是斑马技术的2.1倍（$3.1B vs $1.5B），希捷科技净利率更高（24.0% vs 4.7%，领先19.3%），希捷科技同比增速更快（44.1% vs 10.6%），希捷科技自由现金流更多（$953.0M vs $327.0M），过去两年希捷科技的营收复合增速更高（28.4% vs 12.0%）
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
STX vs ZBRA — 直观对比
营收规模更大
STX
是对方的2.1倍
$1.5B
营收增速更快
STX
高出33.5%
10.6%
净利率更高
STX
高出19.3%
4.7%
自由现金流更多
STX
多$626.0M
$327.0M
两年增速更快
STX
近两年复合增速
12.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.5B |
| 净利润 | $748.0M | $70.0M |
| 毛利率 | 46.5% | 47.3% |
| 营业利润率 | 32.1% | 9.4% |
| 净利率 | 24.0% | 4.7% |
| 营收同比 | 44.1% | 10.6% |
| 净利润同比 | -23.8% | -57.1% |
| 每股收益（稀释后） | $3.27 | $1.40 |
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STXZBRA
| Q3 26 | $3.1B | — | ||
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $2.4B | $1.3B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.2B | $1.3B |
净利润STXZBRA
| Q3 26 | $748.0M | — | ||
| Q1 26 | $593.0M | — | ||
| Q4 25 | $549.0M | $70.0M | ||
| Q3 25 | — | $101.0M | ||
| Q2 25 | $488.0M | $112.0M | ||
| Q1 25 | $340.0M | $136.0M | ||
| Q4 24 | $336.0M | $163.0M | ||
| Q3 24 | $305.0M | $137.0M |
毛利率STXZBRA
| Q3 26 | 46.5% | — | ||
| Q1 26 | 41.6% | — | ||
| Q4 25 | 39.4% | 47.3% | ||
| Q3 25 | — | 48.0% | ||
| Q2 25 | 37.4% | 47.6% | ||
| Q1 25 | 35.2% | 49.3% | ||
| Q4 24 | 34.9% | 48.6% | ||
| Q3 24 | 32.9% | 48.8% |
营业利润率STXZBRA
| Q3 26 | 32.1% | — | ||
| Q1 26 | 29.8% | — | ||
| Q4 25 | 26.4% | 9.4% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | 23.2% | 14.2% | ||
| Q1 25 | 20.0% | 14.9% | ||
| Q4 24 | 21.0% | 16.9% | ||
| Q3 24 | 18.6% | 15.2% |
净利率STXZBRA
| Q3 26 | 24.0% | — | ||
| Q1 26 | 21.0% | — | ||
| Q4 25 | 20.9% | 4.7% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | 20.0% | 8.7% | ||
| Q1 25 | 15.7% | 10.4% | ||
| Q4 24 | 14.5% | 12.2% | ||
| Q3 24 | 14.1% | 10.9% |
每股收益（稀释后）STXZBRA
| Q3 26 | $3.27 | — | ||
| Q1 26 | $2.60 | — | ||
| Q4 25 | $2.43 | $1.40 | ||
| Q3 25 | — | $1.97 | ||
| Q2 25 | $2.24 | $2.19 | ||
| Q1 25 | $1.57 | $2.62 | ||
| Q4 24 | $1.55 | $3.14 | ||
| Q3 24 | $1.41 | $2.64 |
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 | $1.1B | $125.0M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | — | $3.6B |
| 总资产 | $8.9B | $8.5B |
| 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STXZBRA
| Q3 26 | $1.1B | — | ||
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $125.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $891.0M | $872.0M | ||
| Q1 25 | $814.0M | $879.0M | ||
| Q4 24 | $1.2B | $901.0M | ||
| Q3 24 | $1.2B | $676.0M |
总债务STXZBRA
| Q3 26 | $3.9B | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2B |
股东权益STXZBRA
| Q3 26 | — | — | ||
| Q1 26 | $459.0M | — | ||
| Q4 25 | $-63.0M | $3.6B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | $-453.0M | $3.6B | ||
| Q1 25 | $-829.0M | $3.6B | ||
| Q4 24 | $-1.1B | $3.6B | ||
| Q3 24 | $-1.3B | $3.4B |
总资产STXZBRA
| Q3 26 | $8.9B | — | ||
| Q1 26 | $8.7B | — | ||
| Q4 25 | $8.4B | $8.5B | ||
| Q3 25 | — | $8.1B | ||
| Q2 25 | $8.0B | $7.9B | ||
| Q1 25 | $7.6B | $7.9B | ||
| Q4 24 | $8.0B | $8.0B | ||
| Q3 24 | $8.0B | $7.7B |
负债/权益比STXZBRA
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.64× |
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 | $2.4B | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $953.0M | $327.0M |
| 自由现金流率自由现金流/营收 | 30.6% | 22.2% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 现金转化率经营现金流/净利润 | 3.17× | 5.10× |
| 过去12个月自由现金流最近4个季度 | — | $831.0M |
8季度趋势，按日历期对齐
经营现金流STXZBRA
| Q3 26 | $2.4B | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $532.0M | $357.0M | ||
| Q3 25 | — | $235.0M | ||
| Q2 25 | $508.0M | $147.0M | ||
| Q1 25 | $259.0M | $178.0M | ||
| Q4 24 | $221.0M | $306.0M | ||
| Q3 24 | $95.0M | $294.0M |
自由现金流STXZBRA
| Q3 26 | $953.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $427.0M | $327.0M | ||
| Q3 25 | — | $216.0M | ||
| Q2 25 | $425.0M | $130.0M | ||
| Q1 25 | $216.0M | $158.0M | ||
| Q4 24 | $150.0M | $288.0M | ||
| Q3 24 | $27.0M | $277.0M |
自由现金流率STXZBRA
| Q3 26 | 30.6% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 16.2% | 22.2% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | 17.4% | 10.1% | ||
| Q1 25 | 10.0% | 12.1% | ||
| Q4 24 | 6.5% | 21.6% | ||
| Q3 24 | 1.2% | 22.1% |
资本支出强度STXZBRA
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 2.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 3.4% | 1.3% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | 3.1% | 1.3% | ||
| Q3 24 | 3.1% | 1.4% |
现金转化率STXZBRA
| Q3 26 | 3.17× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.97× | 5.10× | ||
| Q3 25 | — | 2.33× | ||
| Q2 25 | 1.04× | 1.31× | ||
| Q1 25 | 0.76× | 1.31× | ||
| Q4 24 | 0.66× | 1.88× | ||
| Q3 24 | 0.31× | 2.15× |
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
STX
暂无分部数据
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
