vs
天宝（TRMB）与U-Haul Holding Co（UHAL）财务数据对比。点击上方公司名可切换其他公司
U-Haul Holding Co的季度营收约是天宝的1.5倍（$1.4B vs $969.8M），天宝净利率更高（16.1% vs 2.6%，领先13.5%），U-Haul Holding Co同比增速更快（1.9% vs -73.7%），天宝自由现金流更多（$360.9M vs $-447.6M）
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
U-Haul控股公司是总部位于美国亚利桑那州凤凰城的移动货车、拖车及自助仓储租赁企业，1945年由伦纳德·肖恩与安娜·玛丽·卡蒂在华盛顿州里奇菲尔德创立，最初起步于卡蒂家族的车库，后通过加油站加盟模式扩张，业务覆盖美国全部50个州及加拿大10个省份。
TRMB vs UHAL — 直观对比
营收规模更大
UHAL
是对方的1.5倍
$969.8M
营收增速更快
UHAL
高出75.6%
-73.7%
净利率更高
TRMB
高出13.5%
2.6%
自由现金流更多
TRMB
多$808.5M
$-447.6M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $969.8M | $1.4B |
| 净利润 | $156.6M | $37.0M |
| 毛利率 | 72.0% | 96.4% |
| 营业利润率 | 22.3% | 2.4% |
| 净利率 | 16.1% | 2.6% |
| 营收同比 | -73.7% | 1.9% |
| 净利润同比 | 73.6% | -45.0% |
| 每股收益（稀释后） | $0.65 | — |
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TRMBUHAL
| Q4 25 | $901.2M | $1.4B | ||
| Q3 25 | $875.7M | $1.7B | ||
| Q2 25 | $840.6M | $232.1M | ||
| Q1 25 | $983.4M | — | ||
| Q3 24 | $875.8M | — | ||
| Q2 24 | $870.8M | — | ||
| Q1 24 | $953.3M | — |
净利润TRMBUHAL
| Q4 25 | $111.5M | $37.0M | ||
| Q3 25 | $89.2M | $105.5M | ||
| Q2 25 | $66.7M | $142.3M | ||
| Q1 25 | $90.2M | — | ||
| Q3 24 | $40.6M | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $57.2M | — |
毛利率TRMBUHAL
| Q4 25 | 68.9% | 96.4% | ||
| Q3 25 | 68.3% | 96.1% | ||
| Q2 25 | 66.7% | 68.9% | ||
| Q1 25 | 69.3% | — | ||
| Q3 24 | 65.7% | — | ||
| Q2 24 | 62.7% | — | ||
| Q1 24 | 62.3% | — |
营业利润率TRMBUHAL
| Q4 25 | 16.7% | 2.4% | ||
| Q3 25 | 14.6% | 12.7% | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 17.6% | — | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | 11.5% | — |
净利率TRMBUHAL
| Q4 25 | 12.4% | 2.6% | ||
| Q3 25 | 10.2% | 6.1% | ||
| Q2 25 | 7.9% | 61.3% | ||
| Q1 25 | 9.2% | — | ||
| Q3 24 | 4.6% | — | ||
| Q2 24 | 151.2% | — | ||
| Q1 24 | 6.0% | — |
每股收益（稀释后）TRMBUHAL
| Q4 25 | $0.46 | — | ||
| Q3 25 | $0.37 | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $0.36 | — | ||
| Q3 24 | $0.16 | — | ||
| Q2 24 | $5.34 | — | ||
| Q1 24 | $0.23 | — |
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 | $253.4M | $1.0B |
| 总债务越低越好 | $1.4B | $8.1B |
| 股东权益账面价值 | $5.8B | $7.7B |
| 总资产 | $9.3B | $21.6B |
| 负债/权益比越低杠杆越低 | 0.24× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资TRMBUHAL
| Q4 25 | $232.7M | $1.0B | ||
| Q3 25 | $265.9M | $1.1B | ||
| Q2 25 | $290.0M | $877.2M | ||
| Q1 25 | $738.8M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $944.1M | — | ||
| Q1 24 | $255.1M | — |
总债务TRMBUHAL
| Q4 25 | $1.4B | $8.1B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TRMBUHAL
| Q4 25 | $5.8B | $7.7B | ||
| Q3 25 | $5.7B | $7.8B | ||
| Q2 25 | $5.4B | $7.7B | ||
| Q1 25 | $5.7B | — | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $5.6B | — | ||
| Q1 24 | $4.3B | — |
总资产TRMBUHAL
| Q4 25 | $9.0B | $21.6B | ||
| Q3 25 | $9.1B | $21.4B | ||
| Q2 25 | $8.9B | $20.8B | ||
| Q1 25 | $9.5B | — | ||
| Q3 24 | $9.9B | — | ||
| Q2 24 | $9.6B | — | ||
| Q1 24 | $9.3B | — |
负债/权益比TRMBUHAL
| Q4 25 | 0.24× | 1.04× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $386.2M | $240.6M |
| 自由现金流经营现金流 - 资本支出 | $360.9M | $-447.6M |
| 自由现金流率自由现金流/营收 | 37.2% | -31.6% |
| 资本支出强度资本支出/营收 | 2.6% | 48.6% |
| 现金转化率经营现金流/净利润 | 2.47× | 6.51× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流TRMBUHAL
| Q4 25 | — | $240.6M | ||
| Q3 25 | $123.8M | $551.6M | ||
| Q2 25 | $155.6M | $598.4M | ||
| Q1 25 | $115.1M | — | ||
| Q3 24 | $94.9M | — | ||
| Q2 24 | $87.6M | — | ||
| Q1 24 | $233.8M | — |
自由现金流TRMBUHAL
| Q4 25 | — | $-447.6M | ||
| Q3 25 | $116.6M | $-446.3M | ||
| Q2 25 | $149.0M | $-318.2M | ||
| Q1 25 | $109.0M | — | ||
| Q3 24 | $88.5M | — | ||
| Q2 24 | $73.3M | — | ||
| Q1 24 | $227.0M | — |
自由现金流率TRMBUHAL
| Q4 25 | — | -31.6% | ||
| Q3 25 | 13.3% | -25.9% | ||
| Q2 25 | 17.7% | -137.1% | ||
| Q1 25 | 11.1% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 8.4% | — | ||
| Q1 24 | 23.8% | — |
资本支出强度TRMBUHAL
| Q4 25 | — | 48.6% | ||
| Q3 25 | 0.8% | 58.0% | ||
| Q2 25 | 0.8% | 395.0% | ||
| Q1 25 | 0.6% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 0.7% | — |
现金转化率TRMBUHAL
| Q4 25 | — | 6.51× | ||
| Q3 25 | 1.39× | 5.23× | ||
| Q2 25 | 2.33× | 4.20× | ||
| Q1 25 | 1.28× | — | ||
| Q3 24 | 2.34× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 4.09× | — |
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
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
UHAL
| Long Term Contract With Customer | $1.2B | 82% |
| CA | $74.0M | 5% |
| Life Insurance | $56.2M | 4% |
| Accident And Health Insurance Segment | $49.8M | 4% |
| Investments Segment | $47.3M | 3% |
| Property And Casualty Insurance | $42.5M | 3% |
| Mercury | $1.6M | 0% |
