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史丹利百得（SWK）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是史丹利百得的1.3倍（$4.8B vs $3.8B），Vistra Corp.净利率更高（4.8% vs 1.4%，领先3.5%），Vistra Corp.同比增速更快（31.2% vs 0.1%），Vistra Corp.自由现金流更多（$596.0M vs $155.3M），过去两年Vistra Corp.的营收复合增速更高（23.3% vs 0.3%）
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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
SWK vs VST — 直观对比
营收规模更大
VST
是对方的1.3倍
$3.8B
营收增速更快
VST
高出31.1%
0.1%
净利率更高
VST
高出3.5%
1.4%
自由现金流更多
VST
多$440.7M
$155.3M
两年增速更快
VST
近两年复合增速
0.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.8B |
| 净利润 | $51.4M | $233.0M |
| 毛利率 | 31.4% | — |
| 营业利润率 | — | 9.9% |
| 净利率 | 1.4% | 4.8% |
| 营收同比 | 0.1% | 31.2% |
| 净利润同比 | -43.6% | -47.2% |
| 每股收益（稀释后） | $0.34 | $0.55 |
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SWKVST
| Q4 25 | — | $4.8B | ||
| Q3 25 | $3.8B | $4.8B | ||
| Q2 25 | $3.9B | $3.8B | ||
| Q1 25 | $3.7B | $4.3B | ||
| Q4 24 | $3.7B | $3.7B | ||
| Q3 24 | $3.8B | $4.3B | ||
| Q2 24 | $4.0B | $3.6B | ||
| Q1 24 | $3.9B | $3.2B |
净利润SWKVST
| Q4 25 | — | $233.0M | ||
| Q3 25 | $51.4M | $652.0M | ||
| Q2 25 | $101.9M | $327.0M | ||
| Q1 25 | $90.4M | $-268.0M | ||
| Q4 24 | $194.9M | $441.0M | ||
| Q3 24 | $91.1M | $1.9B | ||
| Q2 24 | $-11.2M | $365.0M | ||
| Q1 24 | $19.5M | $-35.0M |
毛利率SWKVST
| Q4 25 | — | — | ||
| Q3 25 | 31.4% | — | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 29.9% | — | ||
| Q4 24 | 30.8% | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 28.6% | — |
营业利润率SWKVST
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | -2.8% | ||
| Q4 24 | 3.4% | 16.4% | ||
| Q3 24 | 10.6% | 59.6% | ||
| Q2 24 | 9.5% | 22.5% | ||
| Q1 24 | 8.3% | 2.7% |
净利率SWKVST
| Q4 25 | — | 4.8% | ||
| Q3 25 | 1.4% | 13.6% | ||
| Q2 25 | 2.6% | 8.7% | ||
| Q1 25 | 2.4% | -6.3% | ||
| Q4 24 | 5.2% | 12.0% | ||
| Q3 24 | 2.4% | 43.5% | ||
| Q2 24 | -0.3% | 10.1% | ||
| Q1 24 | 0.5% | -1.1% |
每股收益（稀释后）SWKVST
| Q4 25 | — | $0.55 | ||
| Q3 25 | $0.34 | $1.75 | ||
| Q2 25 | $0.67 | $0.81 | ||
| Q1 25 | $0.60 | $-0.93 | ||
| Q4 24 | $1.29 | $1.09 | ||
| Q3 24 | $0.60 | $5.25 | ||
| Q2 24 | $-0.07 | $0.90 | ||
| Q1 24 | $0.13 | $-0.24 |
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 | $268.3M | $785.0M |
| 总债务越低越好 | $5.3B | $15.8B |
| 股东权益账面价值 | $9.0B | $5.1B |
| 总资产 | $21.8B | $41.5B |
| 负债/权益比越低杠杆越低 | 0.59× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资SWKVST
| Q4 25 | — | $785.0M | ||
| Q3 25 | $268.3M | $602.0M | ||
| Q2 25 | $311.8M | $458.0M | ||
| Q1 25 | $344.8M | $561.0M | ||
| Q4 24 | $290.5M | $1.2B | ||
| Q3 24 | $298.7M | $905.0M | ||
| Q2 24 | $318.5M | $1.6B | ||
| Q1 24 | $476.6M | $1.1B |
总债务SWKVST
| Q4 25 | — | $15.8B | ||
| Q3 25 | $5.3B | $15.8B | ||
| Q2 25 | $5.6B | $15.5B | ||
| Q1 25 | $5.6B | $15.4B | ||
| Q4 24 | $6.1B | $15.4B | ||
| Q3 24 | $6.1B | $13.9B | ||
| Q2 24 | $6.1B | $13.9B | ||
| Q1 24 | $6.1B | $14.7B |
股东权益SWKVST
| Q4 25 | — | $5.1B | ||
| Q3 25 | $9.0B | $5.2B | ||
| Q2 25 | $9.1B | $4.8B | ||
| Q1 25 | $8.8B | $4.8B | ||
| Q4 24 | $8.7B | $5.6B | ||
| Q3 24 | $8.9B | $5.4B | ||
| Q2 24 | $8.7B | $5.6B | ||
| Q1 24 | $8.9B | $5.7B |
总资产SWKVST
| Q4 25 | — | $41.5B | ||
| Q3 25 | $21.8B | $38.0B | ||
| Q2 25 | $22.5B | $38.1B | ||
| Q1 25 | $22.5B | $38.2B | ||
| Q4 24 | $21.8B | $37.8B | ||
| Q3 24 | $22.5B | $37.9B | ||
| Q2 24 | $22.5B | $39.1B | ||
| Q1 24 | $23.9B | $38.2B |
负债/权益比SWKVST
| Q4 25 | — | 3.11× | ||
| Q3 25 | 0.59× | 3.02× | ||
| Q2 25 | 0.62× | 3.22× | ||
| Q1 25 | 0.63× | 3.20× | ||
| Q4 24 | 0.70× | 2.77× | ||
| Q3 24 | 0.69× | 2.56× | ||
| Q2 24 | 0.70× | 2.49× | ||
| Q1 24 | 0.69× | 2.60× |
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 | $221.2M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $155.3M | $596.0M |
| 自由现金流率自由现金流/营收 | 4.1% | 12.4% |
| 资本支出强度资本支出/营收 | 1.8% | 17.4% |
| 现金转化率经营现金流/净利润 | 4.30× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $369.6M | $1.3B |
8季度趋势，按日历期对齐
经营现金流SWKVST
| Q4 25 | — | $1.4B | ||
| Q3 25 | $221.2M | $1.5B | ||
| Q2 25 | $214.3M | $572.0M | ||
| Q1 25 | $-420.0M | $599.0M | ||
| Q4 24 | $679.1M | $1.4B | ||
| Q3 24 | $285.8M | $1.7B | ||
| Q2 24 | $573.0M | $1.2B | ||
| Q1 24 | $-431.0M | $312.0M |
自由现金流SWKVST
| Q4 25 | — | $596.0M | ||
| Q3 25 | $155.3M | $1.0B | ||
| Q2 25 | $134.7M | $-118.0M | ||
| Q1 25 | $-485.0M | $-169.0M | ||
| Q4 24 | $564.6M | $923.0M | ||
| Q3 24 | $199.3M | $1.0B | ||
| Q2 24 | $485.8M | $698.0M | ||
| Q1 24 | $-496.7M | $-153.0M |
自由现金流率SWKVST
| Q4 25 | — | 12.4% | ||
| Q3 25 | 4.1% | 21.1% | ||
| Q2 25 | 3.4% | -3.1% | ||
| Q1 25 | -13.0% | -4.0% | ||
| Q4 24 | 15.2% | 25.2% | ||
| Q3 24 | 5.3% | 23.4% | ||
| Q2 24 | 12.1% | 19.4% | ||
| Q1 24 | -12.8% | -4.8% |
资本支出强度SWKVST
| Q4 25 | — | 17.4% | ||
| Q3 25 | 1.8% | 9.6% | ||
| Q2 25 | 2.0% | 18.4% | ||
| Q1 25 | 1.7% | 18.1% | ||
| Q4 24 | 3.1% | 11.7% | ||
| Q3 24 | 2.3% | 15.8% | ||
| Q2 24 | 2.2% | 13.8% | ||
| Q1 24 | 1.7% | 14.7% |
现金转化率SWKVST
| Q4 25 | — | 6.15× | ||
| Q3 25 | 4.30× | 2.25× | ||
| Q2 25 | 2.10× | 1.75× | ||
| Q1 25 | -4.65× | — | ||
| Q4 24 | 3.48× | 3.07× | ||
| Q3 24 | 3.14× | 0.90× | ||
| Q2 24 | — | 3.28× | ||
| Q1 24 | -22.10× | — |
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
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
