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维谛技术（VRT）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
维谛技术的季度营收约是捷迈邦美的1.3倍（$2.6B vs $2.1B），维谛技术净利率更高（14.7% vs 11.4%，领先3.3%），维谛技术同比增速更快（30.1% vs 9.3%），维谛技术自由现金流更多（$652.8M vs $245.9M），过去两年维谛技术的营收复合增速更高（16.5% vs 3.7%）
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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
VRT vs ZBH — 直观对比
营收规模更大
VRT
是对方的1.3倍
$2.1B
营收增速更快
VRT
高出20.8%
9.3%
净利率更高
VRT
高出3.3%
11.4%
自由现金流更多
VRT
多$406.9M
$245.9M
两年增速更快
VRT
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.1B |
| 净利润 | $390.1M | $238.3M |
| 毛利率 | 37.7% | 64.6% |
| 营业利润率 | — | 17.9% |
| 净利率 | 14.7% | 11.4% |
| 营收同比 | 30.1% | 9.3% |
| 净利润同比 | 137.1% | 30.5% |
| 每股收益（稀释后） | $0.99 | $1.22 |
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VRTZBH
| Q1 26 | $2.6B | $2.1B | ||
| Q4 25 | $2.9B | $2.2B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | $2.3B | $2.0B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.0B | $1.9B |
净利润VRTZBH
| Q1 26 | $390.1M | $238.3M | ||
| Q4 25 | $445.6M | $139.4M | ||
| Q3 25 | $398.5M | $230.9M | ||
| Q2 25 | $324.2M | $152.8M | ||
| Q1 25 | $164.5M | $182.0M | ||
| Q4 24 | $147.0M | $239.5M | ||
| Q3 24 | $176.6M | $249.1M | ||
| Q2 24 | $178.1M | $242.8M |
毛利率VRTZBH
| Q1 26 | 37.7% | 64.6% | ||
| Q4 25 | 38.9% | 64.7% | ||
| Q3 25 | 37.8% | 72.1% | ||
| Q2 25 | 34.0% | 71.5% | ||
| Q1 25 | 33.7% | 71.2% | ||
| Q4 24 | 37.1% | 71.0% | ||
| Q3 24 | 36.5% | 70.5% | ||
| Q2 24 | 38.0% | 71.5% |
营业利润率VRTZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 20.1% | 6.9% | ||
| Q3 25 | 19.3% | 17.6% | ||
| Q2 25 | 16.8% | 14.4% | ||
| Q1 25 | 14.3% | 15.3% | ||
| Q4 24 | 19.5% | 19.2% | ||
| Q3 24 | 17.9% | 15.3% | ||
| Q2 24 | 17.2% | 18.1% |
净利率VRTZBH
| Q1 26 | 14.7% | 11.4% | ||
| Q4 25 | 15.5% | 6.2% | ||
| Q3 25 | 14.9% | 11.5% | ||
| Q2 25 | 12.3% | 7.4% | ||
| Q1 25 | 8.1% | 9.5% | ||
| Q4 24 | 6.3% | 11.8% | ||
| Q3 24 | 8.5% | 13.7% | ||
| Q2 24 | 9.1% | 12.5% |
每股收益（稀释后）VRTZBH
| Q1 26 | $0.99 | $1.22 | ||
| Q4 25 | $1.14 | $0.71 | ||
| Q3 25 | $1.02 | $1.16 | ||
| Q2 25 | $0.83 | $0.77 | ||
| Q1 25 | $0.42 | $0.91 | ||
| Q4 24 | $0.38 | $1.18 | ||
| Q3 24 | $0.46 | $1.23 | ||
| Q2 24 | $0.46 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $0 | $7.5B |
| 股东权益账面价值 | $4.2B | $12.7B |
| 总资产 | $13.4B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资VRTZBH
| Q1 26 | $2.5B | $424.2M | ||
| Q4 25 | $1.7B | $591.9M | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.6B | $556.9M | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.2B | $525.5M | ||
| Q3 24 | $908.7M | $569.0M | ||
| Q2 24 | $579.7M | $420.1M |
总债务VRTZBH
| Q1 26 | $0 | $7.5B | ||
| 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VRTZBH
| Q1 26 | $4.2B | $12.7B | ||
| Q4 25 | $3.9B | $12.7B | ||
| Q3 25 | $3.5B | $12.8B | ||
| Q2 25 | $3.1B | $12.5B | ||
| Q1 25 | $2.7B | $12.4B | ||
| Q4 24 | $2.4B | $12.5B | ||
| Q3 24 | $1.8B | $12.4B | ||
| Q2 24 | $1.5B | $12.7B |
总资产VRTZBH
| Q1 26 | $13.4B | $22.7B | ||
| Q4 25 | $12.2B | $23.1B | ||
| Q3 25 | $10.8B | $23.5B | ||
| Q2 25 | $10.4B | $22.9B | ||
| Q1 25 | $9.5B | $22.2B | ||
| Q4 24 | $9.1B | $21.4B | ||
| Q3 24 | $8.9B | $21.7B | ||
| Q2 24 | $8.1B | $21.5B |
负债/权益比VRTZBH
| Q1 26 | 0.00× | 0.59× | ||
| 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 | — | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $652.8M | $245.9M |
| 自由现金流率自由现金流/营收 | 24.6% | 11.8% |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | — | 1.51× |
| 过去12个月自由现金流最近4个季度 | $2.3B | $1.4B |
8季度趋势，按日历期对齐
经营现金流VRTZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $978.9M | $517.4M | ||
| Q3 25 | $508.7M | $418.7M | ||
| Q2 25 | $322.9M | $378.2M | ||
| Q1 25 | $303.3M | $382.8M | ||
| Q4 24 | $425.2M | $506.3M | ||
| Q3 24 | $378.2M | $395.7M | ||
| Q2 24 | $378.4M | $369.4M |
自由现金流VRTZBH
| Q1 26 | $652.8M | $245.9M | ||
| Q4 25 | $885.6M | $442.6M | ||
| Q3 25 | $463.5M | $363.7M | ||
| Q2 25 | $277.9M | $328.1M | ||
| Q1 25 | $266.8M | $338.2M | ||
| Q4 24 | $364.5M | $454.8M | ||
| Q3 24 | $341.8M | $351.2M | ||
| Q2 24 | $344.3M | $316.7M |
自由现金流率VRTZBH
| Q1 26 | 24.6% | 11.8% | ||
| Q4 25 | 30.8% | 19.7% | ||
| Q3 25 | 17.3% | 18.2% | ||
| Q2 25 | 10.5% | 15.8% | ||
| Q1 25 | 13.1% | 17.7% | ||
| Q4 24 | 15.5% | 22.5% | ||
| Q3 24 | 16.5% | 19.3% | ||
| Q2 24 | 17.6% | 16.3% |
资本支出强度VRTZBH
| Q1 26 | 4.2% | — | ||
| Q4 25 | 3.2% | 3.3% | ||
| Q3 25 | 1.7% | 2.7% | ||
| Q2 25 | 1.7% | 2.4% | ||
| Q1 25 | 1.8% | 2.3% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 1.8% | 2.4% | ||
| Q2 24 | 1.7% | 2.7% |
现金转化率VRTZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 2.20× | 3.71× | ||
| Q3 25 | 1.28× | 1.81× | ||
| Q2 25 | 1.00× | 2.48× | ||
| Q1 25 | 1.84× | 2.10× | ||
| Q4 24 | 2.89× | 2.11× | ||
| Q3 24 | 2.14× | 1.59× | ||
| Q2 24 | 2.12× | 1.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
