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TransDigm Group（TDG）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
TransDigm Group的季度营收约是捷迈邦美的1.1倍（$2.3B vs $2.1B），TransDigm Group净利率更高（19.5% vs 11.4%，领先8.1%），TransDigm Group同比增速更快（13.9% vs 9.3%），TransDigm Group自由现金流更多（$772.0M vs $245.9M），过去两年TransDigm Group的营收复合增速更高（9.1% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
TDG vs ZBH — 直观对比
营收规模更大
TDG
是对方的1.1倍
$2.1B
营收增速更快
TDG
高出4.6%
9.3%
净利率更高
TDG
高出8.1%
11.4%
自由现金流更多
TDG
多$526.1M
$245.9M
两年增速更快
TDG
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.1B |
| 净利润 | $445.0M | $238.3M |
| 毛利率 | 59.2% | 64.6% |
| 营业利润率 | 45.6% | 17.9% |
| 净利率 | 19.5% | 11.4% |
| 营收同比 | 13.9% | 9.3% |
| 净利润同比 | -9.7% | 30.5% |
| 每股收益（稀释后） | $6.62 | $1.22 |
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TDGZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.3B | $2.2B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.0B | $2.0B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $2.0B | $1.9B |
净利润TDGZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $445.0M | $139.4M | ||
| Q3 25 | $610.0M | $230.9M | ||
| Q2 25 | $492.0M | $152.8M | ||
| Q1 25 | $479.0M | $182.0M | ||
| Q4 24 | $493.0M | $239.5M | ||
| Q3 24 | $468.0M | $249.1M | ||
| Q2 24 | $461.0M | $242.8M |
毛利率TDGZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 59.2% | 64.7% | ||
| Q3 25 | 60.3% | 72.1% | ||
| Q2 25 | 59.5% | 71.5% | ||
| Q1 25 | 59.3% | 71.2% | ||
| Q4 24 | 61.6% | 71.0% | ||
| Q3 24 | 57.5% | 70.5% | ||
| Q2 24 | 59.6% | 71.5% |
营业利润率TDGZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 45.6% | 6.9% | ||
| Q3 25 | 47.6% | 17.6% | ||
| Q2 25 | 46.4% | 14.4% | ||
| Q1 25 | 46.1% | 15.3% | ||
| Q4 24 | 48.6% | 19.2% | ||
| Q3 24 | 43.1% | 15.3% | ||
| Q2 24 | 45.7% | 18.1% |
净利率TDGZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 19.5% | 6.2% | ||
| Q3 25 | 25.0% | 11.5% | ||
| Q2 25 | 22.0% | 7.4% | ||
| Q1 25 | 22.3% | 9.5% | ||
| Q4 24 | 24.6% | 11.8% | ||
| Q3 24 | 21.4% | 13.7% | ||
| Q2 24 | 22.5% | 12.5% |
每股收益（稀释后）TDGZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $6.62 | $0.71 | ||
| Q3 25 | $7.75 | $1.16 | ||
| Q2 25 | $8.47 | $0.77 | ||
| Q1 25 | $8.24 | $0.91 | ||
| Q4 24 | $7.62 | $1.18 | ||
| Q3 24 | $5.82 | $1.23 | ||
| Q2 24 | $7.96 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $29.2B | $7.5B |
| 股东权益账面价值 | $-9.3B | $12.7B |
| 总资产 | $23.8B | $22.7B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资TDGZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $2.5B | $591.9M | ||
| Q3 25 | $2.8B | $1.3B | ||
| Q2 25 | $2.8B | $556.9M | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.5B | $525.5M | ||
| Q3 24 | $6.3B | $569.0M | ||
| Q2 24 | $3.4B | $420.1M |
总债务TDGZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | $29.2B | — | ||
| Q3 25 | $29.2B | — | ||
| Q2 25 | $24.3B | — | ||
| Q1 25 | $24.3B | — | ||
| Q4 24 | $24.3B | — | ||
| Q3 24 | $24.3B | — | ||
| Q2 24 | $21.4B | — |
股东权益TDGZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $-9.3B | $12.7B | ||
| Q3 25 | $-9.7B | $12.8B | ||
| Q2 25 | $-5.0B | $12.5B | ||
| Q1 25 | $-5.7B | $12.4B | ||
| Q4 24 | $-6.3B | $12.5B | ||
| Q3 24 | $-6.3B | $12.4B | ||
| Q2 24 | $-2.5B | $12.7B |
总资产TDGZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $23.8B | $23.1B | ||
| Q3 25 | $22.9B | $23.5B | ||
| Q2 25 | $22.7B | $22.9B | ||
| Q1 25 | $21.9B | $22.2B | ||
| Q4 24 | $21.5B | $21.4B | ||
| Q3 24 | $25.6B | $21.7B | ||
| Q2 24 | $21.8B | $21.5B |
负债/权益比TDGZBH
| Q1 26 | — | 0.59× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $772.0M | $245.9M |
| 自由现金流率自由现金流/营收 | 33.8% | 11.8% |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 1.87× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $1.9B | $1.4B |
8季度趋势，按日历期对齐
经营现金流TDGZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $832.0M | $517.4M | ||
| Q3 25 | $507.0M | $418.7M | ||
| Q2 25 | $631.0M | $378.2M | ||
| Q1 25 | $148.0M | $382.8M | ||
| Q4 24 | $752.0M | $506.3M | ||
| Q3 24 | $572.0M | $395.7M | ||
| Q2 24 | $608.0M | $369.4M |
自由现金流TDGZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $772.0M | $442.6M | ||
| Q3 25 | $441.0M | $363.7M | ||
| Q2 25 | $573.0M | $328.1M | ||
| Q1 25 | $92.0M | $338.2M | ||
| Q4 24 | $710.0M | $454.8M | ||
| Q3 24 | $531.0M | $351.2M | ||
| Q2 24 | $568.0M | $316.7M |
自由现金流率TDGZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 33.8% | 19.7% | ||
| Q3 25 | 18.1% | 18.2% | ||
| Q2 25 | 25.6% | 15.8% | ||
| Q1 25 | 4.3% | 17.7% | ||
| Q4 24 | 35.4% | 22.5% | ||
| Q3 24 | 24.3% | 19.3% | ||
| Q2 24 | 27.8% | 16.3% |
资本支出强度TDGZBH
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.3% | ||
| Q3 25 | 2.7% | 2.7% | ||
| Q2 25 | 2.6% | 2.4% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | 2.1% | 2.5% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 2.0% | 2.7% |
现金转化率TDGZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.87× | 3.71× | ||
| Q3 25 | 0.83× | 1.81× | ||
| Q2 25 | 1.28× | 2.48× | ||
| Q1 25 | 0.31× | 2.10× | ||
| Q4 24 | 1.53× | 2.11× | ||
| Q3 24 | 1.22× | 1.59× | ||
| Q2 24 | 1.32× | 1.52× |
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% |
ZBH
暂无分部数据
