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史丹利百得（SWK）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是史丹利百得的1.1倍（$4.1B vs $3.8B），惠而浦净利率更高（2.7% vs 1.4%，领先1.3%），史丹利百得同比增速更快（0.1% vs -0.9%），惠而浦自由现金流更多（$989.0M vs $155.3M），过去两年史丹利百得的营收复合增速更高（0.3% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
SWK vs WHR — 直观对比
营收规模更大
WHR
是对方的1.1倍
$3.8B
营收增速更快
SWK
高出1.0%
-0.9%
净利率更高
WHR
高出1.3%
1.4%
自由现金流更多
WHR
多$833.7M
$155.3M
两年增速更快
SWK
近两年复合增速
-4.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.1B |
| 净利润 | $51.4M | $109.0M |
| 毛利率 | 31.4% | 14.0% |
| 营业利润率 | — | 6.0% |
| 净利率 | 1.4% | 2.7% |
| 营收同比 | 0.1% | -0.9% |
| 净利润同比 | -43.6% | 127.8% |
| 每股收益（稀释后） | $0.34 | $1.92 |
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SWKWHR
| Q4 25 | — | $4.1B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.9B | $3.8B | ||
| Q1 25 | $3.7B | $3.6B | ||
| Q4 24 | $3.7B | $4.1B | ||
| Q3 24 | $3.8B | $4.0B | ||
| Q2 24 | $4.0B | $4.0B | ||
| Q1 24 | $3.9B | $4.5B |
净利润SWKWHR
| Q4 25 | — | $109.0M | ||
| Q3 25 | $51.4M | $73.0M | ||
| Q2 25 | $101.9M | $65.0M | ||
| Q1 25 | $90.4M | $71.0M | ||
| Q4 24 | $194.9M | $-392.0M | ||
| Q3 24 | $91.1M | $109.0M | ||
| Q2 24 | $-11.2M | $219.0M | ||
| Q1 24 | $19.5M | $-259.0M |
毛利率SWKWHR
| Q4 25 | — | 14.0% | ||
| Q3 25 | 31.4% | 14.7% | ||
| Q2 25 | 27.0% | 16.2% | ||
| Q1 25 | 29.9% | 16.8% | ||
| Q4 24 | 30.8% | 16.2% | ||
| Q3 24 | 29.9% | 16.1% | ||
| Q2 24 | 28.4% | 15.7% | ||
| Q1 24 | 28.6% | 14.3% |
营业利润率SWKWHR
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | 3.4% | -3.3% | ||
| Q3 24 | 10.6% | 6.6% | ||
| Q2 24 | 9.5% | 3.3% | ||
| Q1 24 | 8.3% | -2.6% |
净利率SWKWHR
| Q4 25 | — | 2.7% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 2.6% | 1.7% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 5.2% | -9.5% | ||
| Q3 24 | 2.4% | 2.7% | ||
| Q2 24 | -0.3% | 5.5% | ||
| Q1 24 | 0.5% | -5.8% |
每股收益（稀释后）SWKWHR
| Q4 25 | — | $1.92 | ||
| Q3 25 | $0.34 | $1.29 | ||
| Q2 25 | $0.67 | $1.17 | ||
| Q1 25 | $0.60 | $1.28 | ||
| Q4 24 | $1.29 | $-7.11 | ||
| Q3 24 | $0.60 | $2.00 | ||
| Q2 24 | $-0.07 | $3.96 | ||
| Q1 24 | $0.13 | $-4.72 |
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 | $669.0M |
| 总债务越低越好 | $5.3B | $6.2B |
| 股东权益账面价值 | $9.0B | $2.7B |
| 总资产 | $21.8B | $16.0B |
| 负债/权益比越低杠杆越低 | 0.59× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资SWKWHR
| Q4 25 | — | $669.0M | ||
| Q3 25 | $268.3M | $934.0M | ||
| Q2 25 | $311.8M | $1.1B | ||
| Q1 25 | $344.8M | $1.0B | ||
| Q4 24 | $290.5M | $1.3B | ||
| Q3 24 | $298.7M | $1.1B | ||
| Q2 24 | $318.5M | $1.2B | ||
| Q1 24 | $476.6M | $1.2B |
总债务SWKWHR
| Q4 25 | — | $6.2B | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $6.1B | $6.6B | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $6.1B | — | ||
| Q1 24 | $6.1B | — |
股东权益SWKWHR
| Q4 25 | — | $2.7B | ||
| Q3 25 | $9.0B | $2.6B | ||
| Q2 25 | $9.1B | $2.6B | ||
| Q1 25 | $8.8B | $2.6B | ||
| Q4 24 | $8.7B | $2.7B | ||
| Q3 24 | $8.9B | $3.0B | ||
| Q2 24 | $8.7B | $3.1B | ||
| Q1 24 | $8.9B | $2.4B |
总资产SWKWHR
| Q4 25 | — | $16.0B | ||
| Q3 25 | $21.8B | $16.9B | ||
| Q2 25 | $22.5B | $16.8B | ||
| Q1 25 | $22.5B | $16.5B | ||
| Q4 24 | $21.8B | $16.3B | ||
| Q3 24 | $22.5B | $17.2B | ||
| Q2 24 | $22.5B | $17.3B | ||
| Q1 24 | $23.9B | $17.4B |
负债/权益比SWKWHR
| Q4 25 | — | 2.26× | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.70× | 2.46× | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | 0.70× | — | ||
| Q1 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 | $221.2M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $155.3M | $989.0M |
| 自由现金流率自由现金流/营收 | 4.1% | 24.1% |
| 资本支出强度资本支出/营收 | 1.8% | 3.7% |
| 现金转化率经营现金流/净利润 | 4.30× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $369.6M | $81.0M |
8季度趋势，按日历期对齐
经营现金流SWKWHR
| Q4 25 | — | $1.1B | ||
| Q3 25 | $221.2M | $33.0M | ||
| Q2 25 | $214.3M | $19.0M | ||
| Q1 25 | $-420.0M | $-721.0M | ||
| Q4 24 | $679.1M | $1.1B | ||
| Q3 24 | $285.8M | $214.0M | ||
| Q2 24 | $573.0M | $388.0M | ||
| Q1 24 | $-431.0M | $-873.0M |
自由现金流SWKWHR
| Q4 25 | — | $989.0M | ||
| Q3 25 | $155.3M | $-52.0M | ||
| Q2 25 | $134.7M | $-63.0M | ||
| Q1 25 | $-485.0M | $-793.0M | ||
| Q4 24 | $564.6M | $970.0M | ||
| Q3 24 | $199.3M | $127.0M | ||
| Q2 24 | $485.8M | $275.0M | ||
| Q1 24 | $-496.7M | $-988.0M |
自由现金流率SWKWHR
| Q4 25 | — | 24.1% | ||
| Q3 25 | 4.1% | -1.3% | ||
| Q2 25 | 3.4% | -1.7% | ||
| Q1 25 | -13.0% | -21.9% | ||
| Q4 24 | 15.2% | 23.5% | ||
| Q3 24 | 5.3% | 3.2% | ||
| Q2 24 | 12.1% | 6.9% | ||
| Q1 24 | -12.8% | -22.0% |
资本支出强度SWKWHR
| Q4 25 | — | 3.7% | ||
| Q3 25 | 1.8% | 2.1% | ||
| Q2 25 | 2.0% | 2.2% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 3.1% | 3.3% | ||
| Q3 24 | 2.3% | 2.2% | ||
| Q2 24 | 2.2% | 2.8% | ||
| Q1 24 | 1.7% | 2.6% |
现金转化率SWKWHR
| Q4 25 | — | 10.45× | ||
| Q3 25 | 4.30× | 0.45× | ||
| Q2 25 | 2.10× | 0.29× | ||
| Q1 25 | -4.65× | -10.15× | ||
| Q4 24 | 3.48× | — | ||
| Q3 24 | 3.14× | 1.96× | ||
| Q2 24 | — | 1.77× | ||
| 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% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
