vs
Veralto（VLTO）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是沃特世的1.5倍（$1.4B vs $932.4M），沃特世净利率更高（24.2% vs 17.9%，领先6.3%），沃特世同比增速更快（6.8% vs 6.8%），过去两年沃特世的营收复合增速更高（21.0% vs 6.8%）
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
VLTO vs WAT — 直观对比
营收规模更大
VLTO
是对方的1.5倍
$932.4M
营收增速更快
WAT
高出0.1%
6.8%
净利率更高
WAT
高出6.3%
17.9%
两年增速更快
WAT
近两年复合增速
6.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $932.4M |
| 净利润 | $254.0M | $225.2M |
| 毛利率 | 60.1% | 61.1% |
| 营业利润率 | 23.8% | 29.0% |
| 净利率 | 17.9% | 24.2% |
| 营收同比 | 6.8% | 6.8% |
| 净利润同比 | 12.9% | -2.7% |
| 每股收益（稀释后） | $1.02 | $3.76 |
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VLTOWAT
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $932.4M | ||
| Q3 25 | $1.4B | $799.9M | ||
| Q2 25 | $1.3B | $771.3M | ||
| Q1 25 | — | $661.7M | ||
| Q4 24 | $1.3B | $872.7M | ||
| Q3 24 | $1.3B | $740.3M | ||
| Q2 24 | $1.3B | $708.5M |
净利润VLTOWAT
| Q1 26 | $254.0M | — | ||
| Q4 25 | $239.0M | $225.2M | ||
| Q3 25 | $222.0M | $148.9M | ||
| Q2 25 | $225.0M | $147.1M | ||
| Q1 25 | — | $121.4M | ||
| Q4 24 | $227.0M | $231.4M | ||
| Q3 24 | $219.0M | $161.5M | ||
| Q2 24 | $203.0M | $142.7M |
毛利率VLTOWAT
| Q1 26 | 60.1% | — | ||
| Q4 25 | 60.1% | 61.1% | ||
| Q3 25 | 60.0% | 59.0% | ||
| Q2 25 | 60.4% | 58.3% | ||
| Q1 25 | — | 58.2% | ||
| Q4 24 | 59.6% | 60.1% | ||
| Q3 24 | 59.6% | 59.3% | ||
| Q2 24 | 60.1% | 59.3% |
营业利润率VLTOWAT
| Q1 26 | 23.8% | — | ||
| Q4 25 | 23.2% | 29.0% | ||
| Q3 25 | 22.8% | 24.0% | ||
| Q2 25 | 24.2% | 24.4% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | 22.9% | 33.5% | ||
| Q3 24 | 23.4% | 28.5% | ||
| Q2 24 | 23.2% | 26.7% |
净利率VLTOWAT
| Q1 26 | 17.9% | — | ||
| Q4 25 | 17.0% | 24.2% | ||
| Q3 25 | 16.2% | 18.6% | ||
| Q2 25 | 16.9% | 19.1% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | 16.9% | 26.5% | ||
| Q3 24 | 16.7% | 21.8% | ||
| Q2 24 | 15.8% | 20.1% |
每股收益（稀释后）VLTOWAT
| Q1 26 | $1.02 | — | ||
| Q4 25 | $0.95 | $3.76 | ||
| Q3 25 | $0.89 | $2.50 | ||
| Q2 25 | $0.90 | $2.47 | ||
| Q1 25 | — | $2.03 | ||
| Q4 24 | $0.91 | $3.88 | ||
| Q3 24 | $0.88 | $2.71 | ||
| Q2 24 | $0.81 | $2.40 |
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 | — | $587.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | — | $2.6B |
| 总资产 | — | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资VLTOWAT
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $587.8M | ||
| Q3 25 | $1.6B | $459.1M | ||
| Q2 25 | $1.2B | $367.2M | ||
| Q1 25 | — | $382.9M | ||
| Q4 24 | $1.1B | $325.4M | ||
| Q3 24 | $1.3B | $331.5M | ||
| Q2 24 | $1.0B | $327.4M |
总债务VLTOWAT
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.6B | — |
股东权益VLTOWAT
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $2.6B | ||
| Q3 25 | $2.7B | $2.3B | ||
| Q2 25 | $2.3B | $2.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.7B | $1.4B |
总资产VLTOWAT
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $5.1B | ||
| Q3 25 | $7.2B | $4.9B | ||
| Q2 25 | $6.6B | $4.7B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $6.4B | $4.6B | ||
| Q3 24 | $6.3B | $4.5B | ||
| Q2 24 | $5.9B | $4.4B |
负债/权益比VLTOWAT
| Q1 26 | — | — | ||
| Q4 25 | 0.94× | 0.55× | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.28× | 0.89× | ||
| Q3 24 | 1.35× | — | ||
| Q2 24 | 1.57× | — |
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 | $182.0M | $164.6M |
| 自由现金流经营现金流 - 资本支出 | $170.0M | — |
| 自由现金流率自由现金流/营收 | 12.0% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 0.72× | 0.73× |
| 过去12个月自由现金流最近4个季度 | $893.0M | — |
8季度趋势，按日历期对齐
经营现金流VLTOWAT
| Q1 26 | $182.0M | — | ||
| Q4 25 | $270.0M | $164.6M | ||
| Q3 25 | $339.0M | $187.3M | ||
| Q2 25 | $157.0M | $41.1M | ||
| Q1 25 | — | $259.6M | ||
| Q4 24 | $285.0M | $240.1M | ||
| Q3 24 | $224.0M | $204.6M | ||
| Q2 24 | $251.0M | $54.5M |
自由现金流VLTOWAT
| Q1 26 | $170.0M | — | ||
| Q4 25 | $258.0M | — | ||
| Q3 25 | $323.0M | — | ||
| Q2 25 | $142.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $263.0M | — | ||
| Q3 24 | $215.0M | — | ||
| Q2 24 | $240.0M | — |
自由现金流率VLTOWAT
| Q1 26 | 12.0% | — | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 16.4% | — | ||
| Q2 24 | 18.6% | — |
资本支出强度VLTOWAT
| Q1 26 | 0.8% | — | ||
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.9% | — |
现金转化率VLTOWAT
| Q1 26 | 0.72× | — | ||
| Q4 25 | 1.13× | 0.73× | ||
| Q3 25 | 1.53× | 1.26× | ||
| Q2 25 | 0.70× | 0.28× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | 1.26× | 1.04× | ||
| Q3 24 | 1.02× | 1.27× | ||
| Q2 24 | 1.24× | 0.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
