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德事隆（TXT）与维谛技术（VRT）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维谛技术的1.6倍（$4.2B vs $2.6B），维谛技术净利率更高（14.7% vs 5.6%，领先9.1%），维谛技术同比增速更快（30.1% vs 15.6%），维谛技术自由现金流更多（$652.8M vs $527.0M），过去两年维谛技术的营收复合增速更高（16.5% 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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
TXT vs VRT — 直观对比
营收规模更大
TXT
是对方的1.6倍
$2.6B
营收增速更快
VRT
高出14.6%
15.6%
净利率更高
VRT
高出9.1%
5.6%
自由现金流更多
VRT
多$125.8M
$527.0M
两年增速更快
VRT
近两年复合增速
15.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.6B |
| 净利润 | $235.0M | $390.1M |
| 毛利率 | — | 37.7% |
| 营业利润率 | — | — |
| 净利率 | 5.6% | 14.7% |
| 营收同比 | 15.6% | 30.1% |
| 净利润同比 | 66.7% | 137.1% |
| 每股收益（稀释后） | — | $0.99 |
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TXTVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $4.2B | $2.9B | ||
| Q3 25 | $3.6B | $2.7B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.3B | $2.0B | ||
| Q4 24 | $3.6B | $2.3B | ||
| Q3 24 | $3.4B | $2.1B | ||
| Q2 24 | $3.5B | $2.0B |
净利润TXTVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $235.0M | $445.6M | ||
| Q3 25 | $234.0M | $398.5M | ||
| Q2 25 | $245.0M | $324.2M | ||
| Q1 25 | $207.0M | $164.5M | ||
| Q4 24 | $141.0M | $147.0M | ||
| Q3 24 | $223.0M | $176.6M | ||
| Q2 24 | $259.0M | $178.1M |
毛利率TXTVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 37.1% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 38.0% |
营业利润率TXTVRT
| Q1 26 | — | — | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | 3.6% | 19.5% | ||
| Q3 24 | 7.4% | 17.9% | ||
| Q2 24 | 9.2% | 17.2% |
净利率TXTVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | 5.6% | 15.5% | ||
| Q3 25 | 6.5% | 14.9% | ||
| Q2 25 | 6.6% | 12.3% | ||
| Q1 25 | 6.3% | 8.1% | ||
| Q4 24 | 3.9% | 6.3% | ||
| Q3 24 | 6.5% | 8.5% | ||
| Q2 24 | 7.3% | 9.1% |
每股收益（稀释后）TXTVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | — | $1.14 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | — | $0.83 | ||
| Q1 25 | $1.13 | $0.42 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.46 | ||
| Q2 24 | — | $0.46 |
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 | — | $2.5B |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | — | $4.2B |
| 总资产 | — | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资TXTVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $908.7M | ||
| Q2 24 | — | $579.7M |
总债务TXTVRT
| Q1 26 | — | $0 | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
股东权益TXTVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | $7.5B | $3.5B | ||
| Q2 25 | $7.4B | $3.1B | ||
| Q1 25 | $7.3B | $2.7B | ||
| Q4 24 | $7.2B | $2.4B | ||
| Q3 24 | $7.0B | $1.8B | ||
| Q2 24 | $6.9B | $1.5B |
总资产TXTVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | — | $12.2B | ||
| Q3 25 | $17.4B | $10.8B | ||
| Q2 25 | $17.1B | $10.4B | ||
| Q1 25 | $16.9B | $9.5B | ||
| Q4 24 | $16.8B | $9.1B | ||
| Q3 24 | $16.5B | $8.9B | ||
| Q2 24 | $16.4B | $8.1B |
负债/权益比TXTVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.91× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $527.0M | $652.8M |
| 自由现金流率自由现金流/营收 | 12.6% | 24.6% |
| 资本支出强度资本支出/营收 | 4.1% | 4.2% |
| 现金转化率经营现金流/净利润 | 2.98× | — |
| 过去12个月自由现金流最近4个季度 | $929.0M | $2.3B |
8季度趋势，按日历期对齐
经营现金流TXTVRT
| Q1 26 | — | — | ||
| Q4 25 | $700.0M | $978.9M | ||
| Q3 25 | $349.0M | $508.7M | ||
| Q2 25 | $387.0M | $322.9M | ||
| Q1 25 | $-124.0M | $303.3M | ||
| Q4 24 | $446.0M | $425.2M | ||
| Q3 24 | $208.0M | $378.2M | ||
| Q2 24 | $367.0M | $378.4M |
自由现金流TXTVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $527.0M | $885.6M | ||
| Q3 25 | $273.0M | $463.5M | ||
| Q2 25 | $309.0M | $277.9M | ||
| Q1 25 | $-180.0M | $266.8M | ||
| Q4 24 | $293.0M | $364.5M | ||
| Q3 24 | $137.0M | $341.8M | ||
| Q2 24 | $293.0M | $344.3M |
自由现金流率TXTVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 12.6% | 30.8% | ||
| Q3 25 | 7.6% | 17.3% | ||
| Q2 25 | 8.3% | 10.5% | ||
| Q1 25 | -5.4% | 13.1% | ||
| Q4 24 | 8.1% | 15.5% | ||
| Q3 24 | 4.0% | 16.5% | ||
| Q2 24 | 8.3% | 17.6% |
资本支出强度TXTVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 4.1% | 3.2% | ||
| Q3 25 | 2.1% | 1.7% | ||
| Q2 25 | 2.1% | 1.7% | ||
| Q1 25 | 1.7% | 1.8% | ||
| Q4 24 | 4.2% | 2.6% | ||
| Q3 24 | 2.1% | 1.8% | ||
| Q2 24 | 2.1% | 1.7% |
现金转化率TXTVRT
| Q1 26 | — | — | ||
| Q4 25 | 2.98× | 2.20× | ||
| Q3 25 | 1.49× | 1.28× | ||
| Q2 25 | 1.58× | 1.00× | ||
| Q1 25 | -0.60× | 1.84× | ||
| Q4 24 | 3.16× | 2.89× | ||
| Q3 24 | 0.93× | 2.14× | ||
| Q2 24 | 1.42× | 2.12× |
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% |
VRT
暂无分部数据
