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德事隆（TXT）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
德事隆的季度营收约是United Rentals的1.0倍（$4.2B vs $4.0B），United Rentals净利率更高（13.3% vs 5.6%，领先7.7%），德事隆同比增速更快（15.6% vs 7.2%），United Rentals自由现金流更多（$1.1B vs $527.0M），过去两年United Rentals的营收复合增速更高（114.0% vs 15.4%）
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
TXT vs URI — 直观对比
营收规模更大
TXT
是对方的1.0倍
$4.0B
营收增速更快
TXT
高出8.4%
7.2%
净利率更高
URI
高出7.7%
5.6%
自由现金流更多
URI
多$527.0M
$527.0M
两年增速更快
URI
近两年复合增速
15.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $4.0B |
| 净利润 | $235.0M | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | — | 21.8% |
| 净利率 | 5.6% | 13.3% |
| 营收同比 | 15.6% | 7.2% |
| 净利润同比 | 66.7% | 2.5% |
| 每股收益（稀释后） | — | $8.43 |
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TXTURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $4.2B | $992.0M | ||
| Q3 25 | $3.6B | $938.0M | ||
| Q2 25 | $3.7B | $872.0M | ||
| Q1 25 | $3.3B | $893.0M | ||
| Q4 24 | $3.6B | $1.0B | ||
| Q3 24 | $3.4B | $874.0M | ||
| Q2 24 | $3.5B | $870.0M |
净利润TXTURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $235.0M | $653.0M | ||
| Q3 25 | $234.0M | $701.0M | ||
| Q2 25 | $245.0M | $622.0M | ||
| Q1 25 | $207.0M | $518.0M | ||
| Q4 24 | $141.0M | $689.0M | ||
| Q3 24 | $223.0M | $708.0M | ||
| Q2 24 | $259.0M | $636.0M |
毛利率TXTURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率TXTURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 90.0% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 7.4% | — | ||
| Q2 24 | 9.2% | — |
净利率TXTURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 5.6% | 65.8% | ||
| Q3 25 | 6.5% | 74.7% | ||
| Q2 25 | 6.6% | 71.3% | ||
| Q1 25 | 6.3% | 58.0% | ||
| Q4 24 | 3.9% | 67.6% | ||
| Q3 24 | 6.5% | 81.0% | ||
| Q2 24 | 7.3% | 73.1% |
每股收益（稀释后）TXTURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | — | $10.20 | ||
| Q3 25 | — | $10.91 | ||
| Q2 25 | — | $9.59 | ||
| Q1 25 | $1.13 | $7.91 | ||
| Q4 24 | — | $10.41 | ||
| Q3 24 | — | $10.70 | ||
| Q2 24 | — | $9.54 |
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 | — | $156.0M |
| 总债务越低越好 | — | $13.9B |
| 股东权益账面价值 | — | $9.0B |
| 总资产 | — | $29.9B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资TXTURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | — | $459.0M | ||
| Q3 25 | — | $512.0M | ||
| Q2 25 | — | $548.0M | ||
| Q1 25 | — | $542.0M | ||
| Q4 24 | — | $457.0M | ||
| Q3 24 | — | $479.0M | ||
| Q2 24 | — | $467.0M |
总债务TXTURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | — | $12.7B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | — | $12.2B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.5B |
股东权益TXTURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | — | $9.0B | ||
| Q3 25 | $7.5B | $9.0B | ||
| Q2 25 | $7.4B | $9.0B | ||
| Q1 25 | $7.3B | $8.8B | ||
| Q4 24 | $7.2B | $8.6B | ||
| Q3 24 | $7.0B | $8.6B | ||
| Q2 24 | $6.9B | $8.3B |
总资产TXTURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | — | $29.9B | ||
| Q3 25 | $17.4B | $30.1B | ||
| Q2 25 | $17.1B | $29.2B | ||
| Q1 25 | $16.9B | $28.1B | ||
| Q4 24 | $16.8B | $28.2B | ||
| Q3 24 | $16.5B | $28.4B | ||
| Q2 24 | $16.4B | $27.6B |
负债/权益比TXTURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.34× | ||
| Q1 25 | — | 1.31× | ||
| Q4 24 | — | 1.42× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 1.39× |
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 | $700.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $527.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 12.6% | 26.4% |
| 资本支出强度资本支出/营收 | 4.1% | — |
| 现金转化率经营现金流/净利润 | 2.98× | 2.85× |
| 过去12个月自由现金流最近4个季度 | $929.0M | — |
8季度趋势，按日历期对齐
经营现金流TXTURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $700.0M | $1.3B | ||
| Q3 25 | $349.0M | $1.2B | ||
| Q2 25 | $387.0M | $1.3B | ||
| Q1 25 | $-124.0M | $1.4B | ||
| Q4 24 | $446.0M | $1.0B | ||
| Q3 24 | $208.0M | $1.2B | ||
| Q2 24 | $367.0M | $1.3B |
自由现金流TXTURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $527.0M | — | ||
| Q3 25 | $273.0M | — | ||
| Q2 25 | $309.0M | — | ||
| Q1 25 | $-180.0M | — | ||
| Q4 24 | $293.0M | $471.0M | ||
| Q3 24 | $137.0M | $-168.0M | ||
| Q2 24 | $293.0M | $-263.0M |
自由现金流率TXTURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 12.6% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | -5.4% | — | ||
| Q4 24 | 8.1% | 46.2% | ||
| Q3 24 | 4.0% | -19.2% | ||
| Q2 24 | 8.3% | -30.2% |
资本支出强度TXTURI
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 4.2% | 56.6% | ||
| Q3 24 | 2.1% | 157.0% | ||
| Q2 24 | 2.1% | 175.6% |
现金转化率TXTURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 2.98× | 1.92× | ||
| Q3 25 | 1.49× | 1.68× | ||
| Q2 25 | 1.58× | 2.14× | ||
| Q1 25 | -0.60× | 2.75× | ||
| Q4 24 | 3.16× | 1.52× | ||
| Q3 24 | 0.93× | 1.70× | ||
| Q2 24 | 1.42× | 1.99× |
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
TXT
| Aircraft | $1.2B | 29% |
| Military Aircraft And Support Programs | $655.0M | 16% |
| Aftermarket Parts And Services | $551.0M | 13% |
| Services | $507.0M | 12% |
| Fuel Systems And Functional Components | $480.0M | 11% |
| Textron Systems | $323.0M | 8% |
| Other | $317.0M | 8% |
| US Government | $119.0M | 3% |
| Finance | $18.0M | 0% |
| Textron E Aviation Segment | $7.0M | 0% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
