vs
TransDigm Group（TDG）与维谛技术（VRT）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是TransDigm Group的1.2倍（$2.6B vs $2.3B），TransDigm Group净利率更高（19.5% vs 14.7%，领先4.8%），维谛技术同比增速更快（30.1% vs 13.9%），TransDigm Group自由现金流更多（$772.0M vs $652.8M），过去两年维谛技术的营收复合增速更高（16.5% vs 9.1%）
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
TDG vs VRT — 直观对比
营收规模更大
VRT
是对方的1.2倍
$2.3B
营收增速更快
VRT
高出16.2%
13.9%
净利率更高
TDG
高出4.8%
14.7%
自由现金流更多
TDG
多$119.2M
$652.8M
两年增速更快
VRT
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.6B |
| 净利润 | $445.0M | $390.1M |
| 毛利率 | 59.2% | 37.7% |
| 营业利润率 | 45.6% | — |
| 净利率 | 19.5% | 14.7% |
| 营收同比 | 13.9% | 30.1% |
| 净利润同比 | -9.7% | 137.1% |
| 每股收益（稀释后） | $6.62 | $0.99 |
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TDGVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.4B | $2.7B | ||
| Q2 25 | $2.2B | $2.6B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.0B | $2.3B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.0B | $2.0B |
净利润TDGVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $445.0M | $445.6M | ||
| Q3 25 | $610.0M | $398.5M | ||
| Q2 25 | $492.0M | $324.2M | ||
| Q1 25 | $479.0M | $164.5M | ||
| Q4 24 | $493.0M | $147.0M | ||
| Q3 24 | $468.0M | $176.6M | ||
| Q2 24 | $461.0M | $178.1M |
毛利率TDGVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 59.2% | 38.9% | ||
| Q3 25 | 60.3% | 37.8% | ||
| Q2 25 | 59.5% | 34.0% | ||
| Q1 25 | 59.3% | 33.7% | ||
| Q4 24 | 61.6% | 37.1% | ||
| Q3 24 | 57.5% | 36.5% | ||
| Q2 24 | 59.6% | 38.0% |
营业利润率TDGVRT
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 20.1% | ||
| Q3 25 | 47.6% | 19.3% | ||
| Q2 25 | 46.4% | 16.8% | ||
| Q1 25 | 46.1% | 14.3% | ||
| Q4 24 | 48.6% | 19.5% | ||
| Q3 24 | 43.1% | 17.9% | ||
| Q2 24 | 45.7% | 17.2% |
净利率TDGVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 19.5% | 15.5% | ||
| Q3 25 | 25.0% | 14.9% | ||
| Q2 25 | 22.0% | 12.3% | ||
| Q1 25 | 22.3% | 8.1% | ||
| Q4 24 | 24.6% | 6.3% | ||
| Q3 24 | 21.4% | 8.5% | ||
| Q2 24 | 22.5% | 9.1% |
每股收益（稀释后）TDGVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $6.62 | $1.14 | ||
| Q3 25 | $7.75 | $1.02 | ||
| Q2 25 | $8.47 | $0.83 | ||
| Q1 25 | $8.24 | $0.42 | ||
| Q4 24 | $7.62 | $0.38 | ||
| Q3 24 | $5.82 | $0.46 | ||
| Q2 24 | $7.96 | $0.46 |
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 | $2.5B | $2.5B |
| 总债务越低越好 | $29.2B | $0 |
| 股东权益账面价值 | $-9.3B | $4.2B |
| 总资产 | $23.8B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资TDGVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.6B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $6.3B | $908.7M | ||
| Q2 24 | $3.4B | $579.7M |
总债务TDGVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $29.2B | $2.9B | ||
| Q3 25 | $29.2B | $2.9B | ||
| Q2 25 | $24.3B | $2.9B | ||
| Q1 25 | $24.3B | $2.9B | ||
| Q4 24 | $24.3B | $2.9B | ||
| Q3 24 | $24.3B | $2.9B | ||
| Q2 24 | $21.4B | $2.9B |
股东权益TDGVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $-9.3B | $3.9B | ||
| Q3 25 | $-9.7B | $3.5B | ||
| Q2 25 | $-5.0B | $3.1B | ||
| Q1 25 | $-5.7B | $2.7B | ||
| Q4 24 | $-6.3B | $2.4B | ||
| Q3 24 | $-6.3B | $1.8B | ||
| Q2 24 | $-2.5B | $1.5B |
总资产TDGVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $23.8B | $12.2B | ||
| Q3 25 | $22.9B | $10.8B | ||
| Q2 25 | $22.7B | $10.4B | ||
| Q1 25 | $21.9B | $9.5B | ||
| Q4 24 | $21.5B | $9.1B | ||
| Q3 24 | $25.6B | $8.9B | ||
| Q2 24 | $21.8B | $8.1B |
负债/权益比TDGVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.91× |
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 | $832.0M | — |
| 自由现金流经营现金流 - 资本支出 | $772.0M | $652.8M |
| 自由现金流率自由现金流/营收 | 33.8% | 24.6% |
| 资本支出强度资本支出/营收 | 2.6% | 4.2% |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $1.9B | $2.3B |
8季度趋势，按日历期对齐
经营现金流TDGVRT
| Q1 26 | — | — | ||
| Q4 25 | $832.0M | $978.9M | ||
| Q3 25 | $507.0M | $508.7M | ||
| Q2 25 | $631.0M | $322.9M | ||
| Q1 25 | $148.0M | $303.3M | ||
| Q4 24 | $752.0M | $425.2M | ||
| Q3 24 | $572.0M | $378.2M | ||
| Q2 24 | $608.0M | $378.4M |
自由现金流TDGVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $772.0M | $885.6M | ||
| Q3 25 | $441.0M | $463.5M | ||
| Q2 25 | $573.0M | $277.9M | ||
| Q1 25 | $92.0M | $266.8M | ||
| Q4 24 | $710.0M | $364.5M | ||
| Q3 24 | $531.0M | $341.8M | ||
| Q2 24 | $568.0M | $344.3M |
自由现金流率TDGVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 33.8% | 30.8% | ||
| Q3 25 | 18.1% | 17.3% | ||
| Q2 25 | 25.6% | 10.5% | ||
| Q1 25 | 4.3% | 13.1% | ||
| Q4 24 | 35.4% | 15.5% | ||
| Q3 24 | 24.3% | 16.5% | ||
| Q2 24 | 27.8% | 17.6% |
资本支出强度TDGVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 2.6% | 3.2% | ||
| Q3 25 | 2.7% | 1.7% | ||
| Q2 25 | 2.6% | 1.7% | ||
| Q1 25 | 2.6% | 1.8% | ||
| Q4 24 | 2.1% | 2.6% | ||
| Q3 24 | 1.9% | 1.8% | ||
| Q2 24 | 2.0% | 1.7% |
现金转化率TDGVRT
| Q1 26 | — | — | ||
| Q4 25 | 1.87× | 2.20× | ||
| Q3 25 | 0.83× | 1.28× | ||
| Q2 25 | 1.28× | 1.00× | ||
| Q1 25 | 0.31× | 1.84× | ||
| Q4 24 | 1.53× | 2.89× | ||
| Q3 24 | 1.22× | 2.14× | ||
| Q2 24 | 1.32× | 2.12× |
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
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
VRT
暂无分部数据
