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天宝（TRMB）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
惠好的季度营收约是天宝的1.6倍（$1.5B vs $969.8M），天宝净利率更高（16.1% vs 4.8%，领先11.3%），惠好同比增速更快（-9.8% vs -73.7%），天宝自由现金流更多（$360.9M vs $-128.0M），过去两年天宝的营收复合增速更高（0.9% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
TRMB vs WY — 直观对比
营收规模更大
WY
是对方的1.6倍
$969.8M
营收增速更快
WY
高出63.9%
-73.7%
净利率更高
TRMB
高出11.3%
4.8%
自由现金流更多
TRMB
多$488.9M
$-128.0M
两年增速更快
TRMB
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $969.8M | $1.5B |
| 净利润 | $156.6M | $74.0M |
| 毛利率 | 72.0% | 10.4% |
| 营业利润率 | 22.3% | 16.3% |
| 净利率 | 16.1% | 4.8% |
| 营收同比 | -73.7% | -9.8% |
| 净利润同比 | 73.6% | -8.6% |
| 每股收益（稀释后） | $0.65 | $0.11 |
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TRMBWY
| Q4 25 | $901.2M | $1.5B | ||
| Q3 25 | $875.7M | $1.7B | ||
| Q2 25 | $840.6M | $1.9B | ||
| Q1 25 | $983.4M | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $875.8M | $1.7B | ||
| Q2 24 | $870.8M | $1.9B | ||
| Q1 24 | $953.3M | $1.8B |
净利润TRMBWY
| Q4 25 | $111.5M | $74.0M | ||
| Q3 25 | $89.2M | $80.0M | ||
| Q2 25 | $66.7M | $87.0M | ||
| Q1 25 | $90.2M | $83.0M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $40.6M | $28.0M | ||
| Q2 24 | $1.3B | $173.0M | ||
| Q1 24 | $57.2M | $114.0M |
毛利率TRMBWY
| Q4 25 | 68.9% | 10.4% | ||
| Q3 25 | 68.3% | 11.9% | ||
| Q2 25 | 66.7% | 17.3% | ||
| Q1 25 | 69.3% | 19.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | 65.7% | 14.9% | ||
| Q2 24 | 62.7% | 20.8% | ||
| Q1 24 | 62.3% | 19.8% |
营业利润率TRMBWY
| Q4 25 | 16.7% | 16.3% | ||
| Q3 25 | 14.6% | 7.2% | ||
| Q2 25 | 11.6% | 9.4% | ||
| Q1 25 | 17.6% | 10.2% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | 13.3% | 4.6% | ||
| Q2 24 | 7.1% | 13.9% | ||
| Q1 24 | 11.5% | 10.9% |
净利率TRMBWY
| Q4 25 | 12.4% | 4.8% | ||
| Q3 25 | 10.2% | 4.7% | ||
| Q2 25 | 7.9% | 4.6% | ||
| Q1 25 | 9.2% | 4.7% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 4.6% | 1.7% | ||
| Q2 24 | 151.2% | 8.9% | ||
| Q1 24 | 6.0% | 6.3% |
每股收益（稀释后）TRMBWY
| Q4 25 | $0.46 | $0.11 | ||
| Q3 25 | $0.37 | $0.11 | ||
| Q2 25 | $0.27 | $0.12 | ||
| Q1 25 | $0.36 | $0.11 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $0.16 | $0.04 | ||
| Q2 24 | $5.34 | $0.24 | ||
| Q1 24 | $0.23 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | $1.4B | $5.6B |
| 股东权益账面价值 | $5.8B | $9.4B |
| 总资产 | $9.3B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.24× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资TRMBWY
| Q4 25 | $232.7M | $464.0M | ||
| Q3 25 | $265.9M | $401.0M | ||
| Q2 25 | $290.0M | $592.0M | ||
| Q1 25 | $738.8M | $560.0M | ||
| Q4 24 | — | $684.0M | ||
| Q3 24 | $1.0B | $877.0M | ||
| Q2 24 | $944.1M | $997.0M | ||
| Q1 24 | $255.1M | $871.0M |
总债务TRMBWY
| Q4 25 | $1.4B | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TRMBWY
| Q4 25 | $5.8B | $9.4B | ||
| Q3 25 | $5.7B | $9.4B | ||
| Q2 25 | $5.4B | $9.5B | ||
| Q1 25 | $5.7B | $9.6B | ||
| Q4 24 | — | $9.7B | ||
| Q3 24 | $5.9B | $9.9B | ||
| Q2 24 | $5.6B | $10.0B | ||
| Q1 24 | $4.3B | $10.1B |
总资产TRMBWY
| Q4 25 | $9.0B | $16.6B | ||
| Q3 25 | $9.1B | $16.7B | ||
| Q2 25 | $8.9B | $16.5B | ||
| Q1 25 | $9.5B | $16.5B | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | $9.9B | $16.7B | ||
| Q2 24 | $9.6B | $16.8B | ||
| Q1 24 | $9.3B | $16.8B |
负债/权益比TRMBWY
| Q4 25 | 0.24× | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | — | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $360.9M | $-128.0M |
| 自由现金流率自由现金流/营收 | 37.2% | -8.3% |
| 资本支出强度资本支出/营收 | 2.6% | 0.9% |
| 现金转化率经营现金流/净利润 | 2.47× | -1.54× |
| 过去12个月自由现金流最近4个季度 | — | $511.0M |
8季度趋势，按日历期对齐
经营现金流TRMBWY
| Q4 25 | — | $-114.0M | ||
| Q3 25 | $123.8M | $210.0M | ||
| Q2 25 | $155.6M | $396.0M | ||
| Q1 25 | $115.1M | $70.0M | ||
| Q4 24 | — | $218.0M | ||
| Q3 24 | $94.9M | $234.0M | ||
| Q2 24 | $87.6M | $432.0M | ||
| Q1 24 | $233.8M | $124.0M |
自由现金流TRMBWY
| Q4 25 | — | $-128.0M | ||
| Q3 25 | $116.6M | $203.0M | ||
| Q2 25 | $149.0M | $388.0M | ||
| Q1 25 | $109.0M | $48.0M | ||
| Q4 24 | — | $205.0M | ||
| Q3 24 | $88.5M | $226.0M | ||
| Q2 24 | $73.3M | $423.0M | ||
| Q1 24 | $227.0M | $102.0M |
自由现金流率TRMBWY
| Q4 25 | — | -8.3% | ||
| Q3 25 | 13.3% | 11.8% | ||
| Q2 25 | 17.7% | 20.6% | ||
| Q1 25 | 11.1% | 2.7% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | 10.1% | 13.4% | ||
| Q2 24 | 8.4% | 21.8% | ||
| Q1 24 | 23.8% | 5.7% |
资本支出强度TRMBWY
| Q4 25 | — | 0.9% | ||
| Q3 25 | 0.8% | 0.4% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 0.7% | 0.5% | ||
| Q2 24 | 1.6% | 0.5% | ||
| Q1 24 | 0.7% | 1.2% |
现金转化率TRMBWY
| Q4 25 | — | -1.54× | ||
| Q3 25 | 1.39× | 2.63× | ||
| Q2 25 | 2.33× | 4.55× | ||
| Q1 25 | 1.28× | 0.84× | ||
| Q4 24 | — | 2.69× | ||
| Q3 24 | 2.34× | 8.36× | ||
| Q2 24 | 0.07× | 2.50× | ||
| Q1 24 | 4.09× | 1.09× |
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% |
WY
暂无分部数据
