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V2X, Inc.（VVX）与Woodward, Inc.（WWD）财务数据对比。点击上方公司名可切换其他公司
V2X, Inc.的季度营收约是Woodward, Inc.的1.2倍（$1.2B vs $996.5M），Woodward, Inc.净利率更高（13.4% vs 1.9%，领先11.6%），Woodward, Inc.同比增速更快（29.0% vs 5.3%），V2X, Inc.自由现金流更多（$207.2M vs $70.3M），过去两年V2X, Inc.的营收复合增速更高（9.8% vs 9.2%）
V2X公司是总部位于美国的技术工程服务供应商，主要服务美国国防部等联邦政府客户，提供任务支持、关键基础设施运维、国家安全相关解决方案，业务覆盖国防、公共安全、运营韧性等核心领域。
伍德沃德（Woodward, Inc.）是美国的控制系统及组件供应商，业务涵盖产品设计、制造与全链条服务，产品广泛应用于飞机、航空发动机、工业发动机与轮机、发电及移动工业设备领域，同时为国防领域供应军用装置及其他配套设备。
VVX vs WWD — 直观对比
营收规模更大
VVX
是对方的1.2倍
$996.5M
营收增速更快
WWD
高出23.7%
5.3%
净利率更高
WWD
高出11.6%
1.9%
自由现金流更多
VVX
多$136.9M
$70.3M
两年增速更快
VVX
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $996.5M |
| 净利润 | $22.8M | $133.7M |
| 毛利率 | 8.6% | 29.3% |
| 营业利润率 | 4.2% | 17.0% |
| 净利率 | 1.9% | 13.4% |
| 营收同比 | 5.3% | 29.0% |
| 净利润同比 | -9.0% | 53.5% |
| 每股收益（稀释后） | $0.73 | $2.17 |
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VVXWWD
| Q4 25 | $1.2B | $996.5M | ||
| Q3 25 | $1.2B | $995.3M | ||
| Q2 25 | $1.1B | $915.4M | ||
| Q1 25 | $1.0B | $883.6M | ||
| Q4 24 | $1.2B | $772.7M | ||
| Q3 24 | $1.1B | $854.5M | ||
| Q2 24 | $1.1B | $847.7M | ||
| Q1 24 | $1.0B | $835.3M |
净利润VVXWWD
| Q4 25 | $22.8M | $133.7M | ||
| Q3 25 | $24.6M | $137.6M | ||
| Q2 25 | $22.4M | $108.4M | ||
| Q1 25 | $8.1M | $108.9M | ||
| Q4 24 | $25.0M | $87.1M | ||
| Q3 24 | $15.1M | $83.3M | ||
| Q2 24 | $-6.5M | $102.1M | ||
| Q1 24 | $1.1M | $97.6M |
毛利率VVXWWD
| Q4 25 | 8.6% | 29.3% | ||
| Q3 25 | 8.1% | 27.9% | ||
| Q2 25 | 8.9% | 27.2% | ||
| Q1 25 | 7.7% | 27.2% | ||
| Q4 24 | 9.3% | 24.5% | ||
| Q3 24 | 8.5% | 24.3% | ||
| Q2 24 | 6.9% | 27.1% | ||
| Q1 24 | 7.0% | 28.1% |
营业利润率VVXWWD
| Q4 25 | 4.2% | 17.0% | ||
| Q3 25 | 4.8% | 16.1% | ||
| Q2 25 | 4.9% | 13.9% | ||
| Q1 25 | 3.4% | 15.0% | ||
| Q4 24 | 4.5% | 13.2% | ||
| Q3 24 | 4.6% | 11.9% | ||
| Q2 24 | 2.6% | 14.4% | ||
| Q1 24 | 3.0% | 14.4% |
净利率VVXWWD
| Q4 25 | 1.9% | 13.4% | ||
| Q3 25 | 2.1% | 13.8% | ||
| Q2 25 | 2.1% | 11.8% | ||
| Q1 25 | 0.8% | 12.3% | ||
| Q4 24 | 2.2% | 11.3% | ||
| Q3 24 | 1.4% | 9.7% | ||
| Q2 24 | -0.6% | 12.0% | ||
| Q1 24 | 0.1% | 11.7% |
每股收益（稀释后）VVXWWD
| Q4 25 | $0.73 | $2.17 | ||
| Q3 25 | $0.77 | $2.23 | ||
| Q2 25 | $0.70 | $1.76 | ||
| Q1 25 | $0.25 | $1.78 | ||
| Q4 24 | $0.78 | $1.42 | ||
| Q3 24 | $0.47 | $1.36 | ||
| Q2 24 | $-0.21 | $1.63 | ||
| Q1 24 | $0.04 | $1.56 |
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 | — | $454.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $2.6B |
| 总资产 | $3.3B | $4.7B |
| 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VVXWWD
| Q4 25 | — | $454.2M | ||
| Q3 25 | — | $327.4M | ||
| Q2 25 | — | $473.2M | ||
| Q1 25 | — | $364.1M | ||
| Q4 24 | — | $283.7M | ||
| Q3 24 | — | $282.3M | ||
| Q2 24 | — | $308.3M | ||
| Q1 24 | — | $316.9M |
总债务VVXWWD
| Q4 25 | — | — | ||
| Q3 25 | — | $579.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $655.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益VVXWWD
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $1.1B | $2.6B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.0B | $2.3B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $992.0M | $2.2B | ||
| Q1 24 | $993.7M | $2.3B |
总资产VVXWWD
| Q4 25 | $3.3B | $4.7B | ||
| Q3 25 | $3.2B | $4.6B | ||
| Q2 25 | $3.1B | $4.7B | ||
| Q1 25 | $3.1B | $4.5B | ||
| Q4 24 | $3.2B | $4.3B | ||
| Q3 24 | $3.1B | $4.4B | ||
| Q2 24 | $3.2B | $4.3B | ||
| Q1 24 | $3.1B | $4.4B |
负债/权益比VVXWWD
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $209.5M | $114.4M |
| 自由现金流经营现金流 - 资本支出 | $207.2M | $70.3M |
| 自由现金流率自由现金流/营收 | 17.0% | 7.1% |
| 资本支出强度资本支出/营收 | 0.2% | 4.4% |
| 现金转化率经营现金流/净利润 | 9.20× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $170.1M | $409.7M |
8季度趋势，按日历期对齐
经营现金流VVXWWD
| Q4 25 | $209.5M | $114.4M | ||
| Q3 25 | $39.4M | $233.3M | ||
| Q2 25 | $28.5M | $125.6M | ||
| Q1 25 | $-95.5M | $77.8M | ||
| Q4 24 | $223.1M | $34.5M | ||
| Q3 24 | $62.7M | $141.8M | ||
| Q2 24 | $25.7M | $153.2M | ||
| Q1 24 | $-57.2M | $97.3M |
自由现金流VVXWWD
| Q4 25 | $207.2M | $70.3M | ||
| Q3 25 | $35.0M | $180.9M | ||
| Q2 25 | $26.1M | $99.1M | ||
| Q1 25 | $-98.2M | $59.4M | ||
| Q4 24 | $222.0M | $942.0K | ||
| Q3 24 | $60.5M | $117.7M | ||
| Q2 24 | $24.9M | $137.3M | ||
| Q1 24 | $-65.0M | $82.8M |
自由现金流率VVXWWD
| Q4 25 | 17.0% | 7.1% | ||
| Q3 25 | 3.0% | 18.2% | ||
| Q2 25 | 2.4% | 10.8% | ||
| Q1 25 | -9.7% | 6.7% | ||
| Q4 24 | 19.2% | 0.1% | ||
| Q3 24 | 5.6% | 13.8% | ||
| Q2 24 | 2.3% | 16.2% | ||
| Q1 24 | -6.4% | 9.9% |
资本支出强度VVXWWD
| Q4 25 | 0.2% | 4.4% | ||
| Q3 25 | 0.4% | 5.3% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.3% | 2.1% | ||
| Q4 24 | 0.1% | 4.3% | ||
| Q3 24 | 0.2% | 2.8% | ||
| Q2 24 | 0.1% | 1.9% | ||
| Q1 24 | 0.8% | 1.7% |
现金转化率VVXWWD
| Q4 25 | 9.20× | 0.86× | ||
| Q3 25 | 1.60× | 1.70× | ||
| Q2 25 | 1.27× | 1.16× | ||
| Q1 25 | -11.78× | 0.71× | ||
| Q4 24 | 8.91× | 0.40× | ||
| Q3 24 | 4.16× | 1.70× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | -50.02× | 1.00× |
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
VVX
| Army | $480.4M | 39% |
| Navy | $388.9M | 32% |
| Air Force | $196.1M | 16% |
| Other Customers | $153.3M | 13% |
WWD
| Transferred At Point In Time | $253.6M | 25% |
| Commercial OEM | $187.9M | 19% |
| Transportation | $166.3M | 17% |
| Defense OEM | $138.2M | 14% |
| Power Generation | $122.8M | 12% |
| Oil And Gas | $72.4M | 7% |
| Defense Aftermarket | $63.8M | 6% |
