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TWIN DISC INC（TWIN）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
斑马技术的季度营收约是TWIN DISC INC的16.4倍（$1.5B vs $90.2M）。TWIN DISC INC净利率更高（24.8% vs 4.7%，领先20.1%）。斑马技术同比增速更快（10.6% vs 0.3%）。斑马技术自由现金流更多（$327.0M vs $1.2M）。过去两年斑马技术的营收复合增速更高（12.0% vs 10.3%）
双盘公司设计、生产并分销适用于多种场景的传动设备，产品覆盖船舶、非道路车辆及工业领域。公司成立于1918年，最初为农用拖拉机生产离合器，如今已发展为跨国企业，在亚洲、欧洲、北美洲、大洋洲、南美洲均设有子公司或销售办事处。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
TWIN vs ZBRA — 直观对比
营收规模更大
ZBRA
是对方的16.4倍
$90.2M
营收增速更快
ZBRA
高出10.3%
0.3%
净利率更高
TWIN
高出20.1%
4.7%
自由现金流更多
ZBRA
多$325.8M
$1.2M
两年增速更快
ZBRA
近两年复合增速
10.3%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $90.2M | $1.5B |
| 净利润 | $22.4M | $70.0M |
| 毛利率 | 24.8% | 47.3% |
| 营业利润率 | 2.3% | 9.4% |
| 净利率 | 24.8% | 4.7% |
| 营收同比 | 0.3% | 10.6% |
| 净利润同比 | 2334.3% | -57.1% |
| 每股收益（稀释后） | $1.55 | $1.40 |
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TWINZBRA
| Q4 25 | $90.2M | $1.5B | ||
| Q3 25 | $80.0M | $1.3B | ||
| Q2 25 | $96.7M | $1.3B | ||
| Q1 25 | $81.2M | $1.3B | ||
| Q4 24 | $89.9M | $1.3B | ||
| Q3 24 | $72.9M | $1.3B | ||
| Q2 24 | $84.4M | $1.2B | ||
| Q1 24 | $74.2M | $1.2B |
净利润TWINZBRA
| Q4 25 | $22.4M | $70.0M | ||
| Q3 25 | $-518.0K | $101.0M | ||
| Q2 25 | $1.4M | $112.0M | ||
| Q1 25 | $-1.5M | $136.0M | ||
| Q4 24 | $919.0K | $163.0M | ||
| Q3 24 | $-2.8M | $137.0M | ||
| Q2 24 | $7.4M | $113.0M | ||
| Q1 24 | $3.8M | $115.0M |
毛利率TWINZBRA
| Q4 25 | 24.8% | 47.3% | ||
| Q3 25 | 28.7% | 48.0% | ||
| Q2 25 | 31.0% | 47.6% | ||
| Q1 25 | 26.7% | 49.3% | ||
| Q4 24 | 24.1% | 48.6% | ||
| Q3 24 | 26.5% | 48.8% | ||
| Q2 24 | 29.7% | 48.4% | ||
| Q1 24 | 28.2% | 47.9% |
营业利润率TWINZBRA
| Q4 25 | 2.3% | 9.4% | ||
| Q3 25 | 2.8% | 13.9% | ||
| Q2 25 | 5.5% | 14.2% | ||
| Q1 25 | 2.4% | 14.9% | ||
| Q4 24 | 3.1% | 16.9% | ||
| Q3 24 | -0.2% | 15.2% | ||
| Q2 24 | 5.6% | 13.7% | ||
| Q1 24 | 4.9% | 13.5% |
净利率TWINZBRA
| Q4 25 | 24.8% | 4.7% | ||
| Q3 25 | -0.6% | 7.7% | ||
| Q2 25 | 1.5% | 8.7% | ||
| Q1 25 | -1.8% | 10.4% | ||
| Q4 24 | 1.0% | 12.2% | ||
| Q3 24 | -3.8% | 10.9% | ||
| Q2 24 | 8.8% | 9.3% | ||
| Q1 24 | 5.2% | 9.8% |
每股收益（稀释后）TWINZBRA
| Q4 25 | $1.55 | $1.40 | ||
| Q3 25 | $-0.04 | $1.97 | ||
| Q2 25 | $0.10 | $2.19 | ||
| Q1 25 | $-0.11 | $2.62 | ||
| Q4 24 | $0.07 | $3.14 | ||
| Q3 24 | $-0.20 | $2.64 | ||
| Q2 24 | $0.54 | $2.17 | ||
| Q1 24 | $0.27 | $2.23 |
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 | — | $125.0M |
| 总债务越低越好 | $44.5M | — |
| 股东权益账面价值 | $184.5M | $3.6B |
| 总资产 | $384.0M | $8.5B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资TWINZBRA
| Q4 25 | — | $125.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $872.0M | ||
| Q1 25 | — | $879.0M | ||
| Q4 24 | — | $901.0M | ||
| Q3 24 | — | $676.0M | ||
| Q2 24 | — | $411.0M | ||
| Q1 24 | — | $127.0M |
总债务TWINZBRA
| Q4 25 | $44.5M | — | ||
| Q3 25 | $43.7M | $2.2B | ||
| Q2 25 | $31.4M | $2.2B | ||
| Q1 25 | $40.8M | $2.2B | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $29.8M | $2.2B | ||
| Q2 24 | $25.8M | $2.2B | ||
| Q1 24 | $17.0M | $2.1B |
股东权益TWINZBRA
| Q4 25 | $184.5M | $3.6B | ||
| Q3 25 | $160.3M | $3.7B | ||
| Q2 25 | $164.0M | $3.6B | ||
| Q1 25 | $149.5M | $3.6B | ||
| Q4 24 | $147.0M | $3.6B | ||
| Q3 24 | $157.5M | $3.4B | ||
| Q2 24 | $154.7M | $3.3B | ||
| Q1 24 | $146.3M | $3.2B |
总资产TWINZBRA
| Q4 25 | $384.0M | $8.5B | ||
| Q3 25 | $363.5M | $8.1B | ||
| Q2 25 | $355.6M | $7.9B | ||
| Q1 25 | $332.9M | $7.9B | ||
| Q4 24 | $307.4M | $8.0B | ||
| Q3 24 | $323.5M | $7.7B | ||
| Q2 24 | $312.1M | $7.5B | ||
| Q1 24 | $288.8M | $7.3B |
负债/权益比TWINZBRA
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.27× | 0.58× | ||
| Q2 25 | 0.19× | 0.60× | ||
| Q1 25 | 0.27× | 0.60× | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.19× | 0.64× | ||
| Q2 24 | 0.17× | 0.66× | ||
| Q1 24 | 0.12× | 0.66× |
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 | $4.6M | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $1.2M | $327.0M |
| 自由现金流率自由现金流/营收 | 1.4% | 22.2% |
| 资本支出强度资本支出/营收 | 3.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 0.20× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $-70.0K | $831.0M |
8季度趋势，按日历期对齐
经营现金流TWINZBRA
| Q4 25 | $4.6M | $357.0M | ||
| Q3 25 | $-7.5M | $235.0M | ||
| Q2 25 | $16.4M | $147.0M | ||
| Q1 25 | $3.2M | $178.0M | ||
| Q4 24 | $8.7M | $306.0M | ||
| Q3 24 | $-4.3M | $294.0M | ||
| Q2 24 | $11.4M | $288.0M | ||
| Q1 24 | $6.2M | $125.0M |
自由现金流TWINZBRA
| Q4 25 | $1.2M | $327.0M | ||
| Q3 25 | $-11.0M | $216.0M | ||
| Q2 25 | $8.7M | $130.0M | ||
| Q1 25 | $906.0K | $158.0M | ||
| Q4 24 | $5.9M | $288.0M | ||
| Q3 24 | $-6.7M | $277.0M | ||
| Q2 24 | $10.3M | $278.0M | ||
| Q1 24 | $4.0M | $111.0M |
自由现金流率TWINZBRA
| Q4 25 | 1.4% | 22.2% | ||
| Q3 25 | -13.7% | 16.4% | ||
| Q2 25 | 9.0% | 10.1% | ||
| Q1 25 | 1.1% | 12.1% | ||
| Q4 24 | 6.5% | 21.6% | ||
| Q3 24 | -9.2% | 22.1% | ||
| Q2 24 | 12.2% | 22.8% | ||
| Q1 24 | 5.5% | 9.4% |
资本支出强度TWINZBRA
| Q4 25 | 3.7% | 2.0% | ||
| Q3 25 | 4.3% | 1.4% | ||
| Q2 25 | 8.0% | 1.3% | ||
| Q1 25 | 2.8% | 1.5% | ||
| Q4 24 | 3.1% | 1.3% | ||
| Q3 24 | 3.2% | 1.4% | ||
| Q2 24 | 1.3% | 0.8% | ||
| Q1 24 | 2.9% | 1.2% |
现金转化率TWINZBRA
| Q4 25 | 0.20× | 5.10× | ||
| Q3 25 | — | 2.33× | ||
| Q2 25 | 11.55× | 1.31× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | 9.42× | 1.88× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | 1.54× | 2.55× | ||
| Q1 24 | 1.63× | 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
TWIN
暂无分部数据
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
