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Travel & Leisure Co.（TNL）与Veralto（VLTO）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是Travel & Leisure Co.的1.5倍（$1.4B vs $961.0M），Veralto净利率更高（17.9% vs 8.2%，领先9.6%），Veralto同比增速更快（6.8% vs 2.9%），Veralto自由现金流更多（$170.0M vs $0），过去两年Veralto的营收复合增速更高（6.8% vs -1.2%）
Travel + Leisure Co.是一家总部位于美国佛罗里达州奥兰多的分时度假企业，旗下运营温德姆俱乐部、温德姆WorldMark、玛格丽塔维尔度假俱乐部、雅高度假俱乐部等多个度假所有权品牌，开发、销售并管理分时度假物业，同时主要通过RCI提供分时度假交换服务，还运营Travel + Leisure GO等旅行俱乐部。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
TNL vs VLTO — 直观对比
营收规模更大
VLTO
是对方的1.5倍
$961.0M
营收增速更快
VLTO
高出3.9%
2.9%
净利率更高
VLTO
高出9.6%
8.2%
自由现金流更多
VLTO
多$170.0M
$0
两年增速更快
VLTO
近两年复合增速
-1.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $961.0M | $1.4B |
| 净利润 | $79.0M | $254.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | 16.5% | 23.8% |
| 净利率 | 8.2% | 17.9% |
| 营收同比 | 2.9% | 6.8% |
| 净利润同比 | 8.2% | 12.9% |
| 每股收益（稀释后） | $1.22 | $1.02 |
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TNLVLTO
| Q1 26 | $961.0M | $1.4B | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $934.0M | — | ||
| Q4 24 | $970.0M | $1.3B | ||
| Q3 24 | $993.0M | $1.3B | ||
| Q2 24 | $985.0M | $1.3B |
净利润TNLVLTO
| Q1 26 | $79.0M | $254.0M | ||
| Q4 25 | $-62.0M | $239.0M | ||
| Q3 25 | $111.0M | $222.0M | ||
| Q2 25 | $108.0M | $225.0M | ||
| Q1 25 | $73.0M | — | ||
| Q4 24 | $119.0M | $227.0M | ||
| Q3 24 | $97.0M | $219.0M | ||
| Q2 24 | $129.0M | $203.0M |
毛利率TNLVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | 78.9% | 60.1% | ||
| Q3 25 | 98.8% | 60.0% | ||
| Q2 25 | 97.9% | 60.4% | ||
| Q1 25 | 97.5% | — | ||
| Q4 24 | 99.0% | 59.6% | ||
| Q3 24 | 97.3% | 59.6% | ||
| Q2 24 | 97.9% | 60.1% |
营业利润率TNLVLTO
| Q1 26 | 16.5% | 23.8% | ||
| Q4 25 | -2.2% | 23.2% | ||
| Q3 25 | 20.5% | 22.8% | ||
| Q2 25 | 20.2% | 24.2% | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 21.1% | 22.9% | ||
| Q3 24 | 19.0% | 23.4% | ||
| Q2 24 | 19.2% | 23.2% |
净利率TNLVLTO
| Q1 26 | 8.2% | 17.9% | ||
| Q4 25 | -6.0% | 17.0% | ||
| Q3 25 | 10.6% | 16.2% | ||
| Q2 25 | 10.6% | 16.9% | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 12.3% | 16.9% | ||
| Q3 24 | 9.8% | 16.7% | ||
| Q2 24 | 13.1% | 15.8% |
每股收益（稀释后）TNLVLTO
| Q1 26 | $1.22 | $1.02 | ||
| Q4 25 | $-0.92 | $0.95 | ||
| Q3 25 | $1.67 | $0.89 | ||
| Q2 25 | $1.62 | $0.90 | ||
| Q1 25 | $1.07 | — | ||
| Q4 24 | $1.70 | $0.91 | ||
| Q3 24 | $1.39 | $0.88 | ||
| Q2 24 | $1.81 | $0.81 |
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 | $254.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | — |
| 总资产 | $6.8B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TNLVLTO
| Q1 26 | $254.0M | — | ||
| Q4 25 | $271.0M | $1.8B | ||
| Q3 25 | $240.0M | $1.6B | ||
| Q2 25 | $212.0M | $1.2B | ||
| Q1 25 | $188.0M | — | ||
| Q4 24 | $185.0M | $1.1B | ||
| Q3 24 | $194.0M | $1.3B | ||
| Q2 24 | $166.0M | $1.0B |
总债务TNLVLTO
| Q1 26 | — | — | ||
| Q4 25 | $5.6B | $2.7B | ||
| Q3 25 | $5.6B | $2.7B | ||
| Q2 25 | $5.6B | $2.6B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.6B | $2.6B | ||
| Q3 24 | $5.6B | $2.6B | ||
| Q2 24 | $5.6B | $2.6B |
股东权益TNLVLTO
| Q1 26 | — | — | ||
| Q4 25 | $-981.0M | $2.8B | ||
| Q3 25 | $-821.0M | $2.7B | ||
| Q2 25 | $-852.0M | $2.3B | ||
| Q1 25 | $-903.0M | — | ||
| Q4 24 | $-881.0M | $2.0B | ||
| Q3 24 | $-862.0M | $2.0B | ||
| Q2 24 | $-885.0M | $1.7B |
总资产TNLVLTO
| Q1 26 | $6.8B | — | ||
| Q4 25 | $6.8B | $7.4B | ||
| Q3 25 | $6.9B | $7.2B | ||
| Q2 25 | $6.8B | $6.6B | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.7B | $6.4B | ||
| Q3 24 | $6.7B | $6.3B | ||
| Q2 24 | $6.7B | $5.9B |
负债/权益比TNLVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | $38.0M | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $0 | $170.0M |
| 自由现金流率自由现金流/营收 | 0.0% | 12.0% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 0.48× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $423.0M | $893.0M |
8季度趋势，按日历期对齐
经营现金流TNLVLTO
| Q1 26 | $38.0M | $182.0M | ||
| Q4 25 | $124.0M | $270.0M | ||
| Q3 25 | $163.0M | $339.0M | ||
| Q2 25 | $232.0M | $157.0M | ||
| Q1 25 | $121.0M | — | ||
| Q4 24 | $98.0M | $285.0M | ||
| Q3 24 | $145.0M | $224.0M | ||
| Q2 24 | $174.0M | $251.0M |
自由现金流TNLVLTO
| Q1 26 | $0 | $170.0M | ||
| Q4 25 | $92.0M | $258.0M | ||
| Q3 25 | $136.0M | $323.0M | ||
| Q2 25 | $195.0M | $142.0M | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $75.0M | $263.0M | ||
| Q3 24 | $125.0M | $215.0M | ||
| Q2 24 | $153.0M | $240.0M |
自由现金流率TNLVLTO
| Q1 26 | 0.0% | 12.0% | ||
| Q4 25 | 9.0% | 18.4% | ||
| Q3 25 | 13.0% | 23.6% | ||
| Q2 25 | 19.2% | 10.7% | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 7.7% | 19.6% | ||
| Q3 24 | 12.6% | 16.4% | ||
| Q2 24 | 15.5% | 18.6% |
资本支出强度TNLVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 3.1% | 0.9% | ||
| Q3 25 | 2.6% | 1.2% | ||
| Q2 25 | 3.6% | 1.1% | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 2.4% | 1.6% | ||
| Q3 24 | 2.0% | 0.7% | ||
| Q2 24 | 2.1% | 0.9% |
现金转化率TNLVLTO
| Q1 26 | 0.48× | 0.72× | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | 1.47× | 1.53× | ||
| Q2 25 | 2.15× | 0.70× | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | 0.82× | 1.26× | ||
| Q3 24 | 1.49× | 1.02× | ||
| Q2 24 | 1.35× | 1.24× |
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
TNL
| Other | $452.0M | 47% |
| Service and membership fees | $396.0M | 41% |
| Consumer financing | $113.0M | 12% |
VLTO
暂无分部数据
