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Wabtec（WAB）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
西部数据的季度营收约是Wabtec的1.0倍（$3.0B vs $3.0B），西部数据净利率更高（61.1% vs 12.3%，领先48.7%），西部数据同比增速更快（31.5% vs 13.0%），过去两年Wabtec的营收复合增速更高（5.6% vs -6.6%）
西屋空气制动技术公司（通称Wabtec）是美国知名轨道交通设备企业，1999年由西屋空气制动公司（WABCO）与动力设备厂商MotivePower合并组建，总部设于宾夕法尼亚州匹兹堡，在全球轨交制动系统、牵引动力设备等领域拥有领先的技术实力与市场份额。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
WAB vs WDC — 直观对比
营收规模更大
WDC
是对方的1.0倍
$3.0B
营收增速更快
WDC
高出18.5%
13.0%
净利率更高
WDC
高出48.7%
12.3%
两年增速更快
WAB
近两年复合增速
-6.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $3.0B |
| 净利润 | $363.0M | $1.8B |
| 毛利率 | 36.0% | 45.7% |
| 营业利润率 | 17.5% | 30.1% |
| 净利率 | 12.3% | 61.1% |
| 营收同比 | 13.0% | 31.5% |
| 净利润同比 | 11.0% | 254.2% |
| 每股收益（稀释后） | $2.12 | $4.73 |
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WABWDC
| Q1 26 | $3.0B | $3.0B | ||
| Q4 25 | $3.0B | $2.8B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.7B | $-1.2B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.6B | $4.3B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $2.6B | $3.8B |
净利润WABWDC
| Q1 26 | $363.0M | $1.8B | ||
| Q4 25 | $202.0M | $1.2B | ||
| Q3 25 | $310.0M | — | ||
| Q2 25 | $336.0M | $282.0M | ||
| Q1 25 | $322.0M | $520.0M | ||
| Q4 24 | $212.0M | $594.0M | ||
| Q3 24 | $283.0M | $493.0M | ||
| Q2 24 | $289.0M | $39.0M |
毛利率WABWDC
| Q1 26 | 36.0% | 45.7% | ||
| Q4 25 | 32.6% | 43.5% | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | 34.7% | — | ||
| Q1 25 | 34.5% | 39.8% | ||
| Q4 24 | 30.9% | 35.4% | ||
| Q3 24 | 33.0% | 37.9% | ||
| Q2 24 | 33.1% | 35.9% |
营业利润率WABWDC
| Q1 26 | 17.5% | 30.1% | ||
| Q4 25 | 12.0% | 28.1% | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 18.2% | 33.1% | ||
| Q4 24 | 12.9% | 19.9% | ||
| Q3 24 | 16.3% | 18.1% | ||
| Q2 24 | 16.3% | 5.7% |
净利率WABWDC
| Q1 26 | 12.3% | 61.1% | ||
| Q4 25 | 6.8% | 41.9% | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 12.4% | -24.4% | ||
| Q1 25 | 12.3% | 22.7% | ||
| Q4 24 | 8.2% | 13.9% | ||
| Q3 24 | 10.6% | 12.0% | ||
| Q2 24 | 10.9% | 1.0% |
每股收益（稀释后）WABWDC
| Q1 26 | $2.12 | $4.73 | ||
| Q4 25 | $1.18 | $3.07 | ||
| Q3 25 | $1.81 | — | ||
| Q2 25 | $1.96 | $0.72 | ||
| Q1 25 | $1.88 | $1.42 | ||
| Q4 24 | $1.24 | $1.63 | ||
| Q3 24 | $1.63 | $1.35 | ||
| Q2 24 | $1.64 | $0.15 |
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 | — | $2.0B |
| 总债务越低越好 | $4.7B | $4.7B |
| 股东权益账面价值 | $11.1B | $7.1B |
| 总资产 | $23.2B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.42× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资WABWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B |
总债务WABWDC
| Q1 26 | $4.7B | $4.7B | ||
| Q4 25 | $5.5B | $4.7B | ||
| Q3 25 | $5.3B | — | ||
| Q2 25 | $4.8B | $4.7B | ||
| Q1 25 | $4.0B | $7.3B | ||
| Q4 24 | $4.0B | $7.4B | ||
| Q3 24 | $4.0B | $7.4B | ||
| Q2 24 | $4.0B | $7.4B |
股东权益WABWDC
| Q1 26 | $11.1B | $7.1B | ||
| Q4 25 | $11.1B | $5.9B | ||
| Q3 25 | $11.0B | — | ||
| Q2 25 | $10.8B | $5.3B | ||
| Q1 25 | $10.4B | $5.2B | ||
| Q4 24 | $10.1B | $12.1B | ||
| Q3 24 | $10.3B | $11.6B | ||
| Q2 24 | $10.5B | $10.8B |
总资产WABWDC
| Q1 26 | $23.2B | $15.6B | ||
| Q4 25 | $22.1B | $14.4B | ||
| Q3 25 | $21.5B | — | ||
| Q2 25 | $20.4B | $14.0B | ||
| Q1 25 | $19.1B | $16.4B | ||
| Q4 24 | $18.7B | $25.5B | ||
| Q3 24 | $18.6B | $24.8B | ||
| Q2 24 | $18.9B | $24.2B |
负债/权益比WABWDC
| Q1 26 | 0.42× | 0.65× | ||
| Q4 25 | 0.50× | 0.80× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | 0.89× | ||
| Q1 25 | 0.39× | 1.42× | ||
| Q4 24 | 0.39× | 0.61× | ||
| Q3 24 | 0.39× | 0.64× | ||
| Q2 24 | 0.38× | 0.69× |
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 | $199.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.55× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流WABWDC
| Q1 26 | $199.0M | — | ||
| Q4 25 | $992.0M | $672.0M | ||
| Q3 25 | $367.0M | — | ||
| Q2 25 | $209.0M | $746.0M | ||
| Q1 25 | $191.0M | $508.0M | ||
| Q4 24 | $723.0M | $403.0M | ||
| Q3 24 | $542.0M | $34.0M | ||
| Q2 24 | $235.0M | $366.0M |
自由现金流WABWDC
| Q1 26 | — | — | ||
| Q4 25 | $870.0M | $599.0M | ||
| Q3 25 | $312.0M | — | ||
| Q2 25 | $170.0M | $675.0M | ||
| Q1 25 | $147.0M | $379.0M | ||
| Q4 24 | $639.0M | $287.0M | ||
| Q3 24 | $496.0M | $-62.0M | ||
| Q2 24 | $189.0M | $250.0M |
自由现金流率WABWDC
| Q1 26 | — | — | ||
| Q4 25 | 29.3% | 21.3% | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 6.3% | -58.5% | ||
| Q1 25 | 5.6% | 16.5% | ||
| Q4 24 | 24.7% | 6.7% | ||
| Q3 24 | 18.6% | -1.5% | ||
| Q2 24 | 7.1% | 6.6% |
资本支出强度WABWDC
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 2.6% | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 1.4% | -6.2% | ||
| Q1 25 | 1.7% | 5.6% | ||
| Q4 24 | 3.3% | 2.7% | ||
| Q3 24 | 1.7% | 2.3% | ||
| Q2 24 | 1.7% | 3.1% |
现金转化率WABWDC
| Q1 26 | 0.55× | — | ||
| Q4 25 | 4.91× | 0.57× | ||
| Q3 25 | 1.18× | — | ||
| Q2 25 | 0.62× | 2.65× | ||
| Q1 25 | 0.59× | 0.98× | ||
| Q4 24 | 3.41× | 0.68× | ||
| Q3 24 | 1.92× | 0.07× | ||
| Q2 24 | 0.81× | 9.38× |
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
WAB
暂无分部数据
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
