vs
null（SWIM）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是合众银行的1.7倍（$100.0M vs $57.8M），合众银行净利率更高（21.8% vs -7.0%，领先28.8%），过去两年合众银行的营收复合增速更高（9.5% vs -4.9%）
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
SWIM vs WASH — 直观对比
营收规模更大
SWIM
是对方的1.7倍
$57.8M
净利率更高
WASH
高出28.8%
-7.0%
两年增速更快
WASH
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $57.8M |
| 净利润 | $-7.0M | $12.6M |
| 毛利率 | 28.0% | — |
| 营业利润率 | -10.7% | — |
| 净利率 | -7.0% | 21.8% |
| 营收同比 | 14.5% | — |
| 净利润同比 | 76.0% | 473.4% |
| 每股收益（稀释后） | $-0.06 | $0.66 |
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SWIMWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $100.0M | $59.3M | ||
| Q3 25 | $161.9M | $56.5M | ||
| Q2 25 | $172.6M | $54.3M | ||
| Q1 25 | $111.4M | $59.1M | ||
| Q4 24 | $87.3M | $12.4M | ||
| Q3 24 | $150.5M | $48.5M | ||
| Q2 24 | $160.1M | $48.2M |
净利润SWIMWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $-7.0M | $16.0M | ||
| Q3 25 | $8.1M | $10.8M | ||
| Q2 25 | $16.0M | $13.2M | ||
| Q1 25 | $-6.0M | $12.2M | ||
| Q4 24 | $-29.2M | $-60.8M | ||
| Q3 24 | $5.9M | $11.0M | ||
| Q2 24 | $13.3M | $10.8M |
毛利率SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 33.1% | — |
营业利润率SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | -10.7% | 34.9% | ||
| Q3 25 | 13.3% | 24.7% | ||
| Q2 25 | 14.3% | 31.6% | ||
| Q1 25 | -4.4% | 26.5% | ||
| Q4 24 | -14.9% | -648.7% | ||
| Q3 24 | 8.9% | 28.5% | ||
| Q2 24 | 12.5% | 28.7% |
净利率SWIMWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | -7.0% | 27.0% | ||
| Q3 25 | 5.0% | 19.2% | ||
| Q2 25 | 9.3% | 24.4% | ||
| Q1 25 | -5.4% | 20.6% | ||
| Q4 24 | -33.4% | -491.4% | ||
| Q3 24 | 3.9% | 22.6% | ||
| Q2 24 | 8.3% | 22.4% |
每股收益（稀释后）SWIMWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $-0.06 | $0.84 | ||
| Q3 25 | $0.07 | $0.56 | ||
| Q2 25 | $0.13 | $0.68 | ||
| Q1 25 | $-0.05 | $0.63 | ||
| Q4 24 | $-0.24 | $-3.54 | ||
| Q3 24 | $0.05 | $0.64 | ||
| Q2 24 | $0.11 | $0.63 |
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 | — | $12.3M |
| 总债务越低越好 | $279.8M | — |
| 股东权益账面价值 | $405.9M | $546.8M |
| 总资产 | $823.2M | $6.5B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资SWIMWASH
| Q1 26 | — | $12.3M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | $279.8M | — | ||
| Q3 25 | $281.1M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $306.9M | — | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | — | ||
| Q2 24 | $282.4M | — |
股东权益SWIMWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $405.9M | $543.6M | ||
| Q3 25 | $408.4M | $533.0M | ||
| Q2 25 | $398.4M | $527.5M | ||
| Q1 25 | $381.1M | $521.7M | ||
| Q4 24 | $387.2M | $499.7M | ||
| Q3 24 | $416.6M | $502.2M | ||
| Q2 24 | $408.1M | $471.0M |
总资产SWIMWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $823.2M | $6.6B | ||
| Q3 25 | $844.4M | $6.7B | ||
| Q2 25 | $822.1M | $6.7B | ||
| Q1 25 | $824.6M | $6.6B | ||
| Q4 24 | $794.2M | $6.9B | ||
| Q3 24 | $853.4M | $7.1B | ||
| Q2 24 | $830.0M | $7.2B |
负债/权益比SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.69× | — |
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 | $23.3M | — |
| 自由现金流经营现金流 - 资本支出 | $14.1M | — |
| 自由现金流率自由现金流/营收 | 14.1% | — |
| 资本支出强度资本支出/营收 | 9.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $38.0M | — |
8季度趋势，按日历期对齐
经营现金流SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | $23.3M | $80.3M | ||
| Q3 25 | $51.0M | $39.6M | ||
| Q2 25 | $36.0M | $11.3M | ||
| Q1 25 | $-46.9M | $8.4M | ||
| Q4 24 | $6.2M | $57.7M | ||
| Q3 24 | $37.2M | $25.7M | ||
| Q2 24 | $52.4M | $11.2M |
自由现金流SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $78.3M | ||
| Q3 25 | $45.2M | $39.3M | ||
| Q2 25 | $29.1M | $10.9M | ||
| Q1 25 | $-50.3M | $8.4M | ||
| Q4 24 | $-98.0K | $53.7M | ||
| Q3 24 | $33.2M | $24.4M | ||
| Q2 24 | $47.9M | $9.6M |
自由现金流率SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | 132.2% | ||
| Q3 25 | 27.9% | 69.6% | ||
| Q2 25 | 16.8% | 20.2% | ||
| Q1 25 | -45.2% | 14.2% | ||
| Q4 24 | -0.1% | 433.8% | ||
| Q3 24 | 22.1% | 50.4% | ||
| Q2 24 | 29.9% | 19.8% |
资本支出强度SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | 9.2% | 3.4% | ||
| Q3 25 | 3.6% | 0.6% | ||
| Q2 25 | 4.0% | 0.7% | ||
| Q1 25 | 3.1% | 0.1% | ||
| Q4 24 | 7.2% | 32.3% | ||
| Q3 24 | 2.7% | 2.6% | ||
| Q2 24 | 2.8% | 3.4% |
现金转化率SWIMWASH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.03× | ||
| Q3 25 | 6.29× | 3.65× | ||
| Q2 25 | 2.25× | 0.86× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.32× | 2.34× | ||
| Q2 24 | 3.95× | 1.03× |
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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
