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惠而浦（WHR）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是赛莱默的1.9倍（$4.1B vs $2.1B），赛莱默净利率更高（8.9% vs 2.7%，领先6.2%），赛莱默同比增速更快（2.7% vs -0.9%），过去两年赛莱默的营收复合增速更高（-1.0% vs -4.5%）
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
WHR vs XYL — 直观对比
营收规模更大
WHR
是对方的1.9倍
$2.1B
营收增速更快
XYL
高出3.6%
-0.9%
净利率更高
XYL
高出6.2%
2.7%
两年增速更快
XYL
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $2.1B |
| 净利润 | $109.0M | $189.0M |
| 毛利率 | 14.0% | 37.8% |
| 营业利润率 | 6.0% | 11.5% |
| 净利率 | 2.7% | 8.9% |
| 营收同比 | -0.9% | 2.7% |
| 净利润同比 | 127.8% | 13.2% |
| 每股收益（稀释后） | $1.92 | $0.79 |
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WHRXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.1B | $2.4B | ||
| Q3 25 | $4.0B | $2.3B | ||
| Q2 25 | $3.8B | $2.3B | ||
| Q1 25 | $3.6B | $2.1B | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $4.0B | $2.1B | ||
| Q2 24 | $4.0B | $2.2B |
净利润WHRXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $109.0M | $335.0M | ||
| Q3 25 | $73.0M | $227.0M | ||
| Q2 25 | $65.0M | $226.0M | ||
| Q1 25 | $71.0M | $169.0M | ||
| Q4 24 | $-392.0M | $326.0M | ||
| Q3 24 | $109.0M | $217.0M | ||
| Q2 24 | $219.0M | $194.0M |
毛利率WHRXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | 14.0% | 38.9% | ||
| Q3 25 | 14.7% | 38.9% | ||
| Q2 25 | 16.2% | 38.8% | ||
| Q1 25 | 16.8% | 37.1% | ||
| Q4 24 | 16.2% | 38.0% | ||
| Q3 24 | 16.1% | 37.3% | ||
| Q2 24 | 15.7% | 37.8% |
营业利润率WHRXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 6.0% | 14.7% | ||
| Q3 25 | 5.1% | 14.7% | ||
| Q2 25 | 5.4% | 13.3% | ||
| Q1 25 | 5.1% | 11.2% | ||
| Q4 24 | -3.3% | 11.8% | ||
| Q3 24 | 6.6% | 13.3% | ||
| Q2 24 | 3.3% | 11.7% |
净利率WHRXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 2.7% | 14.0% | ||
| Q3 25 | 1.8% | 10.0% | ||
| Q2 25 | 1.7% | 9.8% | ||
| Q1 25 | 2.0% | 8.2% | ||
| Q4 24 | -9.5% | 14.5% | ||
| Q3 24 | 2.7% | 10.3% | ||
| Q2 24 | 5.5% | 8.9% |
每股收益（稀释后）WHRXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $1.92 | $1.37 | ||
| Q3 25 | $1.29 | $0.93 | ||
| Q2 25 | $1.17 | $0.93 | ||
| Q1 25 | $1.28 | $0.69 | ||
| Q4 24 | $-7.11 | $1.33 | ||
| Q3 24 | $2.00 | $0.89 | ||
| Q2 24 | $3.96 | $0.80 |
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 | $669.0M | $808.0M |
| 总债务越低越好 | $6.2B | $1.9B |
| 股东权益账面价值 | $2.7B | $11.0B |
| 总资产 | $16.0B | $17.0B |
| 负债/权益比越低杠杆越低 | 2.26× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资WHRXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $669.0M | $1.5B | ||
| Q3 25 | $934.0M | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.1B | $989.0M | ||
| Q2 24 | $1.2B | $815.0M |
总债务WHRXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $6.2B | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $6.6B | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益WHRXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $2.7B | $11.5B | ||
| Q3 25 | $2.6B | $11.2B | ||
| Q2 25 | $2.6B | $11.1B | ||
| Q1 25 | $2.6B | $10.8B | ||
| Q4 24 | $2.7B | $10.6B | ||
| Q3 24 | $3.0B | $10.6B | ||
| Q2 24 | $3.1B | $10.3B |
总资产WHRXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $16.0B | $17.6B | ||
| Q3 25 | $16.9B | $17.3B | ||
| Q2 25 | $16.8B | $17.2B | ||
| Q1 25 | $16.5B | $16.6B | ||
| Q4 24 | $16.3B | $16.5B | ||
| Q3 24 | $17.2B | $16.0B | ||
| Q2 24 | $17.3B | $15.8B |
负债/权益比WHRXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | 2.26× | 0.17× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 2.46× | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 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 | $1.1B | — |
| 自由现金流经营现金流 - 资本支出 | $989.0M | — |
| 自由现金流率自由现金流/营收 | 24.1% | — |
| 资本支出强度资本支出/营收 | 3.7% | 4.2% |
| 现金转化率经营现金流/净利润 | 10.45× | — |
| 过去12个月自由现金流最近4个季度 | $81.0M | — |
8季度趋势，按日历期对齐
经营现金流WHRXYL
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $543.0M | ||
| Q3 25 | $33.0M | $360.0M | ||
| Q2 25 | $19.0M | $305.0M | ||
| Q1 25 | $-721.0M | $33.0M | ||
| Q4 24 | $1.1B | $575.0M | ||
| Q3 24 | $214.0M | $311.0M | ||
| Q2 24 | $388.0M | $288.0M |
自由现金流WHRXYL
| Q1 26 | — | — | ||
| Q4 25 | $989.0M | $460.0M | ||
| Q3 25 | $-52.0M | $281.0M | ||
| Q2 25 | $-63.0M | $207.0M | ||
| Q1 25 | $-793.0M | $-38.0M | ||
| Q4 24 | $970.0M | $475.0M | ||
| Q3 24 | $127.0M | $237.0M | ||
| Q2 24 | $275.0M | $215.0M |
自由现金流率WHRXYL
| Q1 26 | — | — | ||
| Q4 25 | 24.1% | 19.2% | ||
| Q3 25 | -1.3% | 12.4% | ||
| Q2 25 | -1.7% | 9.0% | ||
| Q1 25 | -21.9% | -1.8% | ||
| Q4 24 | 23.5% | 21.1% | ||
| Q3 24 | 3.2% | 11.3% | ||
| Q2 24 | 6.9% | 9.9% |
资本支出强度WHRXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 3.7% | 3.5% | ||
| Q3 25 | 2.1% | 3.5% | ||
| Q2 25 | 2.2% | 4.3% | ||
| Q1 25 | 2.0% | 3.4% | ||
| Q4 24 | 3.3% | 4.4% | ||
| Q3 24 | 2.2% | 3.5% | ||
| Q2 24 | 2.8% | 3.4% |
现金转化率WHRXYL
| Q1 26 | — | — | ||
| Q4 25 | 10.45× | 1.62× | ||
| Q3 25 | 0.45× | 1.59× | ||
| Q2 25 | 0.29× | 1.35× | ||
| Q1 25 | -10.15× | 0.20× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | 1.96× | 1.43× | ||
| Q2 24 | 1.77× | 1.48× |
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
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
