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Wayfair Inc.（W）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是Wayfair Inc.的1.2倍（$3.8B vs $3.3B），Williams Companies净利率更高（19.1% vs -3.5%，领先22.6%），Williams Companies同比增速更快（12.7% vs 6.9%），Wayfair Inc.自由现金流更多（$177.0M vs $-379.0M），过去两年Wayfair Inc.的营收复合增速更高（10.6% vs 7.3%）
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
W vs WMB — 直观对比
营收规模更大
WMB
是对方的1.2倍
$3.3B
营收增速更快
WMB
高出5.7%
6.9%
净利率更高
WMB
高出22.6%
-3.5%
自由现金流更多
W
多$556.0M
$-379.0M
两年增速更快
W
近两年复合增速
7.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.8B |
| 净利润 | $-116.0M | $734.0M |
| 毛利率 | 30.3% | — |
| 营业利润率 | 2.5% | 27.3% |
| 净利率 | -3.5% | 19.1% |
| 营收同比 | 6.9% | 12.7% |
| 净利润同比 | 9.4% | 51.0% |
| 每股收益（稀释后） | $-0.90 | $0.60 |
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WWMB
| Q4 25 | $3.3B | $3.8B | ||
| Q3 25 | $3.1B | $3.5B | ||
| Q2 25 | $3.3B | $3.4B | ||
| Q1 25 | $2.7B | $4.2B | ||
| Q4 24 | $3.1B | $3.4B | ||
| Q3 24 | $2.9B | $3.0B | ||
| Q2 24 | $3.1B | $2.8B | ||
| Q1 24 | $2.7B | $3.3B |
净利润WWMB
| Q4 25 | $-116.0M | $734.0M | ||
| Q3 25 | $-99.0M | $647.0M | ||
| Q2 25 | $15.0M | $546.0M | ||
| Q1 25 | $-113.0M | $691.0M | ||
| Q4 24 | $-128.0M | $486.0M | ||
| Q3 24 | $-74.0M | $706.0M | ||
| Q2 24 | $-42.0M | $401.0M | ||
| Q1 24 | $-248.0M | $632.0M |
毛利率WWMB
| Q4 25 | 30.3% | — | ||
| Q3 25 | 30.0% | — | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | 30.2% | — | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 30.2% | — | ||
| Q1 24 | 30.0% | — |
营业利润率WWMB
| Q4 25 | 2.5% | 27.3% | ||
| Q3 25 | 1.2% | 31.8% | ||
| Q2 25 | 0.5% | 28.0% | ||
| Q1 25 | -4.5% | 26.1% | ||
| Q4 24 | -3.7% | 23.2% | ||
| Q3 24 | -2.6% | 27.6% | ||
| Q2 24 | -1.1% | 24.4% | ||
| Q1 24 | -8.6% | 30.3% |
净利率WWMB
| Q4 25 | -3.5% | 19.1% | ||
| Q3 25 | -3.2% | 18.5% | ||
| Q2 25 | 0.5% | 16.2% | ||
| Q1 25 | -4.1% | 16.5% | ||
| Q4 24 | -4.1% | 14.2% | ||
| Q3 24 | -2.6% | 23.3% | ||
| Q2 24 | -1.3% | 14.1% | ||
| Q1 24 | -9.1% | 18.9% |
每股收益（稀释后）WWMB
| Q4 25 | $-0.90 | $0.60 | ||
| Q3 25 | $-0.76 | $0.53 | ||
| Q2 25 | $0.11 | $0.45 | ||
| Q1 25 | $-0.89 | $0.56 | ||
| Q4 24 | $-1.01 | $0.39 | ||
| Q3 24 | $-0.60 | $0.58 | ||
| Q2 24 | $-0.34 | $0.33 | ||
| Q1 24 | $-2.06 | $0.52 |
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 | $1.5B | — |
| 总债务越低越好 | $3.3B | $27.3B |
| 股东权益账面价值 | $-2.8B | $12.8B |
| 总资产 | $3.4B | $58.6B |
| 负债/权益比越低杠杆越低 | — | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资WWMB
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
总债务WWMB
| Q4 25 | $3.3B | $27.3B | ||
| Q3 25 | $2.9B | $25.6B | ||
| Q2 25 | $3.0B | $25.6B | ||
| Q1 25 | $3.2B | $24.1B | ||
| Q4 24 | $3.1B | $24.7B | ||
| Q3 24 | $3.2B | $24.8B | ||
| Q2 24 | $3.2B | $24.1B | ||
| Q1 24 | $3.2B | $24.1B |
股东权益WWMB
| Q4 25 | $-2.8B | $12.8B | ||
| Q3 25 | $-2.8B | $12.5B | ||
| Q2 25 | $-2.7B | $12.4B | ||
| Q1 25 | $-2.8B | $12.5B | ||
| Q4 24 | $-2.8B | $12.4B | ||
| Q3 24 | $-2.7B | $12.4B | ||
| Q2 24 | $-2.8B | $12.3B | ||
| Q1 24 | $-2.8B | $12.4B |
总资产WWMB
| Q4 25 | $3.4B | $58.6B | ||
| Q3 25 | $3.1B | $55.7B | ||
| Q2 25 | $3.3B | $56.1B | ||
| Q1 25 | $3.4B | $54.9B | ||
| Q4 24 | $3.5B | $54.5B | ||
| Q3 24 | $3.4B | $53.8B | ||
| Q2 24 | $3.4B | $52.4B | ||
| Q1 24 | $3.2B | $52.7B |
负债/权益比WWMB
| Q4 25 | — | 2.13× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.96× | ||
| Q1 24 | — | 1.94× |
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 | $202.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $177.0M | $-379.0M |
| 自由现金流率自由现金流/营收 | 5.3% | -9.9% |
| 资本支出强度资本支出/营收 | 0.7% | 50.9% |
| 现金转化率经营现金流/净利润 | — | 2.15× |
| 过去12个月自由现金流最近4个季度 | $464.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流WWMB
| Q4 25 | $202.0M | $1.6B | ||
| Q3 25 | $155.0M | $1.4B | ||
| Q2 25 | $273.0M | $1.4B | ||
| Q1 25 | $-96.0M | $1.4B | ||
| Q4 24 | $162.0M | $1.2B | ||
| Q3 24 | $49.0M | $1.2B | ||
| Q2 24 | $245.0M | $1.3B | ||
| Q1 24 | $-139.0M | $1.2B |
自由现金流WWMB
| Q4 25 | $177.0M | $-379.0M | ||
| Q3 25 | $128.0M | $485.0M | ||
| Q2 25 | $260.0M | $478.0M | ||
| Q1 25 | $-101.0M | $421.0M | ||
| Q4 24 | $142.0M | $450.0M | ||
| Q3 24 | $32.0M | $561.0M | ||
| Q2 24 | $222.0M | $700.0M | ||
| Q1 24 | $-152.0M | $690.0M |
自由现金流率WWMB
| Q4 25 | 5.3% | -9.9% | ||
| Q3 25 | 4.1% | 13.9% | ||
| Q2 25 | 7.9% | 14.2% | ||
| Q1 25 | -3.7% | 10.1% | ||
| Q4 24 | 4.5% | 13.2% | ||
| Q3 24 | 1.1% | 18.5% | ||
| Q2 24 | 7.1% | 24.6% | ||
| Q1 24 | -5.6% | 20.7% |
资本支出强度WWMB
| Q4 25 | 0.7% | 50.9% | ||
| Q3 25 | 0.9% | 27.3% | ||
| Q2 25 | 0.4% | 28.8% | ||
| Q1 25 | 0.2% | 24.2% | ||
| Q4 24 | 0.6% | 22.5% | ||
| Q3 24 | 0.6% | 22.5% | ||
| Q2 24 | 0.7% | 20.3% | ||
| Q1 24 | 0.5% | 16.3% |
现金转化率WWMB
| Q4 25 | — | 2.15× | ||
| Q3 25 | — | 2.22× | ||
| Q2 25 | 18.20× | 2.66× | ||
| Q1 25 | — | 2.07× | ||
| Q4 24 | — | 2.51× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | — | 3.19× | ||
| Q1 24 | — | 1.95× |
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
W
| US Segment | $2.9B | 88% |
| International Segment | $395.0M | 12% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
