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美国合众银行（USB）与WESCO INTERNATIONAL INC（WCC）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是WESCO INTERNATIONAL INC的1.2倍（$7.4B vs $6.1B），美国合众银行净利率更高（27.8% vs 2.5%，领先25.2%），WESCO INTERNATIONAL INC同比增速更快（13.8% vs 5.1%），过去两年WESCO INTERNATIONAL INC的营收复合增速更高（5.3% vs 4.7%）
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
WESCO国际是一家美国上市控股公司，旗下子公司WESCO Distribution主营电气产品分销及相关服务，总部位于宾夕法尼亚州匹兹堡市，可为工业、基建、商业等多领域客户提供一站式电气供应链解决方案与技术支持服务。
USB vs WCC — 直观对比
营收规模更大
USB
是对方的1.2倍
$6.1B
营收增速更快
WCC
高出8.7%
5.1%
净利率更高
USB
高出25.2%
2.5%
两年增速更快
WCC
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.4B | $6.1B |
| 净利润 | $2.0B | $153.8M |
| 毛利率 | — | 21.2% |
| 营业利润率 | 34.4% | 4.8% |
| 净利率 | 27.8% | 2.5% |
| 营收同比 | 5.1% | 13.8% |
| 净利润同比 | 23.0% | 47.9% |
| 每股收益（稀释后） | $1.26 | — |
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USBWCC
| Q1 26 | — | $6.1B | ||
| Q4 25 | $7.4B | $6.1B | ||
| Q3 25 | $7.3B | $6.2B | ||
| Q2 25 | $7.0B | $5.9B | ||
| Q1 25 | $7.0B | $5.3B | ||
| Q4 24 | $7.0B | $5.5B | ||
| Q3 24 | $6.9B | $5.5B | ||
| Q2 24 | $6.9B | $5.5B |
净利润USBWCC
| Q1 26 | — | $153.8M | ||
| Q4 25 | $2.0B | $159.8M | ||
| Q3 25 | $2.0B | $187.5M | ||
| Q2 25 | $1.8B | $174.5M | ||
| Q1 25 | $1.7B | $118.4M | ||
| Q4 24 | $1.7B | $165.4M | ||
| Q3 24 | $1.7B | $204.3M | ||
| Q2 24 | $1.6B | $232.1M |
毛利率USBWCC
| Q1 26 | — | 21.2% | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 21.9% |
营业利润率USBWCC
| Q1 26 | — | 4.8% | ||
| Q4 25 | 34.4% | 5.3% | ||
| Q3 25 | 34.5% | 5.6% | ||
| Q2 25 | 32.7% | 5.5% | ||
| Q1 25 | 31.0% | 4.5% | ||
| Q4 24 | 30.1% | 5.5% | ||
| Q3 24 | 30.2% | 6.1% | ||
| Q2 24 | 29.9% | 5.9% |
净利率USBWCC
| Q1 26 | — | 2.5% | ||
| Q4 25 | 27.8% | 2.6% | ||
| Q3 25 | 27.3% | 3.0% | ||
| Q2 25 | 25.9% | 3.0% | ||
| Q1 25 | 24.6% | 2.2% | ||
| Q4 24 | 23.7% | 3.0% | ||
| Q3 24 | 25.0% | 3.7% | ||
| Q2 24 | 23.3% | 4.2% |
每股收益（稀释后）USBWCC
| Q1 26 | — | — | ||
| Q4 25 | $1.26 | $3.33 | ||
| Q3 25 | $1.22 | $3.79 | ||
| Q2 25 | $1.11 | $3.83 | ||
| Q1 25 | $1.03 | $2.10 | ||
| Q4 24 | $1.01 | $3.01 | ||
| Q3 24 | $1.03 | $3.81 | ||
| Q2 24 | $0.97 | $4.28 |
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 | — | $696.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $65.2B | $5.1B |
| 总资产 | $692.3B | $17.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资USBWCC
| Q1 26 | — | $696.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益USBWCC
| Q1 26 | — | $5.1B | ||
| Q4 25 | $65.2B | $5.0B | ||
| Q3 25 | $63.3B | $4.8B | ||
| Q2 25 | $61.4B | $4.8B | ||
| Q1 25 | $60.1B | $5.0B | ||
| Q4 24 | $58.6B | $5.0B | ||
| Q3 24 | $58.9B | $5.0B | ||
| Q2 24 | $56.4B | $4.9B |
总资产USBWCC
| Q1 26 | — | $17.0B | ||
| Q4 25 | $692.3B | $16.5B | ||
| Q3 25 | $695.4B | $16.6B | ||
| Q2 25 | $686.4B | $16.2B | ||
| Q1 25 | $676.5B | $15.5B | ||
| Q4 24 | $678.3B | $15.1B | ||
| Q3 24 | $686.5B | $15.3B | ||
| Q2 24 | $680.1B | $15.1B |
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 | $2.8B | $221.4M |
| 自由现金流经营现金流 - 资本支出 | — | $213.4M |
| 自由现金流率自由现金流/营收 | — | 3.5% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 1.39× | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $231.0M |
8季度趋势，按日历期对齐
经营现金流USBWCC
| Q1 26 | — | $221.4M | ||
| Q4 25 | $2.8B | $71.9M | ||
| Q3 25 | $3.4B | $-82.7M | ||
| Q2 25 | $2.0B | $107.8M | ||
| Q1 25 | $-285.0M | $28.0M | ||
| Q4 24 | $4.8B | $276.6M | ||
| Q3 24 | $972.0M | $302.1M | ||
| Q2 24 | $2.9B | $-223.8M |
自由现金流USBWCC
| Q1 26 | — | $213.4M | ||
| Q4 25 | — | $27.5M | ||
| Q3 25 | — | $-95.9M | ||
| Q2 25 | — | $86.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $252.3M | ||
| Q3 24 | — | $272.9M | ||
| Q2 24 | — | $-244.6M |
自由现金流率USBWCC
| Q1 26 | — | 3.5% | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | -4.5% |
资本支出强度USBWCC
| Q1 26 | — | 0.4% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
现金转化率USBWCC
| Q1 26 | — | 1.44× | ||
| Q4 25 | 1.39× | 0.45× | ||
| Q3 25 | 1.69× | -0.44× | ||
| Q2 25 | 1.12× | 0.62× | ||
| Q1 25 | -0.17× | 0.24× | ||
| Q4 24 | 2.87× | 1.67× | ||
| Q3 24 | 0.57× | 1.48× | ||
| Q2 24 | 1.79× | -0.96× |
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
USB
暂无分部数据
WCC
| CSS | $2.5B | 41% |
| EES | $2.2B | 37% |
| UBS | $1.4B | 22% |
