vs
特灵科技（TT）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
特灵科技的季度营收约是惠而浦的1.3倍（$5.1B vs $4.1B），特灵科技净利率更高（11.5% vs 2.7%，领先8.8%），特灵科技同比增速更快（5.5% vs -0.9%），过去两年特灵科技的营收复合增速更高（10.5% vs -4.5%）
特灵科技是一家注册地位于爱尔兰的企业，核心业务覆盖采暖、通风、空调及制冷系统领域。品牌历史可追溯至150多年前，历经多次并购与分拆：2008年暖通空调厂商特灵被美国工业工具制造商英格索兰收购，2020年工具业务分拆独立为英格索兰，剩余业务正式更名特灵科技。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
TT vs WHR — 直观对比
营收规模更大
TT
是对方的1.3倍
$4.1B
营收增速更快
TT
高出6.5%
-0.9%
净利率更高
TT
高出8.8%
2.7%
两年增速更快
TT
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $4.1B |
| 净利润 | $591.3M | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | 15.9% | 6.0% |
| 净利率 | 11.5% | 2.7% |
| 营收同比 | 5.5% | -0.9% |
| 净利润同比 | -2.2% | 127.8% |
| 每股收益（稀释后） | $2.64 | $1.92 |
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TTWHR
| Q4 25 | $5.1B | $4.1B | ||
| Q3 25 | $5.7B | $4.0B | ||
| Q2 25 | $5.7B | $3.8B | ||
| Q1 25 | $4.7B | $3.6B | ||
| Q4 24 | $4.9B | $4.1B | ||
| Q3 24 | $5.4B | $4.0B | ||
| Q2 24 | $5.3B | $4.0B | ||
| Q1 24 | $4.2B | $4.5B |
净利润TTWHR
| Q4 25 | $591.3M | $109.0M | ||
| Q3 25 | $847.6M | $73.0M | ||
| Q2 25 | $874.8M | $65.0M | ||
| Q1 25 | $604.9M | $71.0M | ||
| Q4 24 | $604.3M | $-392.0M | ||
| Q3 24 | $772.0M | $109.0M | ||
| Q2 24 | $755.3M | $219.0M | ||
| Q1 24 | $436.3M | $-259.0M |
毛利率TTWHR
| Q4 25 | — | 14.0% | ||
| Q3 25 | 36.9% | 14.7% | ||
| Q2 25 | 37.6% | 16.2% | ||
| Q1 25 | 35.8% | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | 36.3% | 16.1% | ||
| Q2 24 | 36.5% | 15.7% | ||
| Q1 24 | 34.6% | 14.3% |
营业利润率TTWHR
| Q4 25 | 15.9% | 6.0% | ||
| Q3 25 | 20.3% | 5.1% | ||
| Q2 25 | 20.3% | 5.4% | ||
| Q1 25 | 17.5% | 5.1% | ||
| Q4 24 | 16.6% | -3.3% | ||
| Q3 24 | 18.8% | 6.6% | ||
| Q2 24 | 19.5% | 3.3% | ||
| Q1 24 | 15.0% | -2.6% |
净利率TTWHR
| Q4 25 | 11.5% | 2.7% | ||
| Q3 25 | 14.8% | 1.8% | ||
| Q2 25 | 15.2% | 1.7% | ||
| Q1 25 | 12.9% | 2.0% | ||
| Q4 24 | 12.4% | -9.5% | ||
| Q3 24 | 14.2% | 2.7% | ||
| Q2 24 | 14.2% | 5.5% | ||
| Q1 24 | 10.3% | -5.8% |
每股收益（稀释后）TTWHR
| Q4 25 | $2.64 | $1.92 | ||
| Q3 25 | $3.78 | $1.29 | ||
| Q2 25 | $3.89 | $1.17 | ||
| Q1 25 | $2.67 | $1.28 | ||
| Q4 24 | $2.65 | $-7.11 | ||
| Q3 24 | $3.39 | $2.00 | ||
| Q2 24 | $3.30 | $3.96 | ||
| Q1 24 | $1.90 | $-4.72 |
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 | $1.8B | $669.0M |
| 总债务越低越好 | $4.6B | $6.2B |
| 股东权益账面价值 | $8.6B | $2.7B |
| 总资产 | $21.4B | $16.0B |
| 负债/权益比越低杠杆越低 | 0.54× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资TTWHR
| Q4 25 | $1.8B | $669.0M | ||
| Q3 25 | — | $934.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总债务TTWHR
| Q4 25 | $4.6B | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.8B | $6.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TTWHR
| Q4 25 | $8.6B | $2.7B | ||
| Q3 25 | $8.3B | $2.6B | ||
| Q2 25 | $7.8B | $2.6B | ||
| Q1 25 | $7.5B | $2.6B | ||
| Q4 24 | $7.5B | $2.7B | ||
| Q3 24 | $7.6B | $3.0B | ||
| Q2 24 | $6.9B | $3.1B | ||
| Q1 24 | $6.9B | $2.4B |
总资产TTWHR
| Q4 25 | $21.4B | $16.0B | ||
| Q3 25 | $21.4B | $16.9B | ||
| Q2 25 | $21.0B | $16.8B | ||
| Q1 25 | $20.1B | $16.5B | ||
| Q4 24 | $20.1B | $16.3B | ||
| Q3 24 | $20.9B | $17.2B | ||
| Q2 24 | $20.2B | $17.3B | ||
| Q1 24 | $19.3B | $17.4B |
负债/权益比TTWHR
| Q4 25 | 0.54× | 2.26× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.64× | 2.46× | ||
| 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 | $1.2B | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $989.0M |
| 自由现金流率自由现金流/营收 | — | 24.1% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | 1.96× | 10.45× |
| 过去12个月自由现金流最近4个季度 | — | $81.0M |
8季度趋势，按日历期对齐
经营现金流TTWHR
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.0B | $33.0M | ||
| Q2 25 | $692.1M | $19.0M | ||
| Q1 25 | $339.5M | $-721.0M | ||
| Q4 24 | $899.9M | $1.1B | ||
| Q3 24 | $1.3B | $214.0M | ||
| Q2 24 | $695.9M | $388.0M | ||
| Q1 24 | $247.2M | $-873.0M |
自由现金流TTWHR
| Q4 25 | — | $989.0M | ||
| Q3 25 | $935.6M | $-52.0M | ||
| Q2 25 | $602.2M | $-63.0M | ||
| Q1 25 | $220.6M | $-793.0M | ||
| Q4 24 | $774.3M | $970.0M | ||
| Q3 24 | $1.2B | $127.0M | ||
| Q2 24 | $623.0M | $275.0M | ||
| Q1 24 | $163.4M | $-988.0M |
自由现金流率TTWHR
| Q4 25 | — | 24.1% | ||
| Q3 25 | 16.3% | -1.3% | ||
| Q2 25 | 10.5% | -1.7% | ||
| Q1 25 | 4.7% | -21.9% | ||
| Q4 24 | 15.9% | 23.5% | ||
| Q3 24 | 22.3% | 3.2% | ||
| Q2 24 | 11.7% | 6.9% | ||
| Q1 24 | 3.9% | -22.0% |
资本支出强度TTWHR
| Q4 25 | — | 3.7% | ||
| Q3 25 | 1.2% | 2.1% | ||
| Q2 25 | 1.6% | 2.2% | ||
| Q1 25 | 2.5% | 2.0% | ||
| Q4 24 | 2.6% | 3.3% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 1.4% | 2.8% | ||
| Q1 24 | 2.0% | 2.6% |
现金转化率TTWHR
| Q4 25 | 1.96× | 10.45× | ||
| Q3 25 | 1.18× | 0.45× | ||
| Q2 25 | 0.79× | 0.29× | ||
| Q1 25 | 0.56× | -10.15× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 1.69× | 1.96× | ||
| Q2 24 | 0.92× | 1.77× | ||
| Q1 24 | 0.57× | — |
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
TT
| Services | $2.8B | 55% |
| Other | $2.3B | 45% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
