vs
惠好（WY）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
赛莱默的季度营收约是惠好的1.4倍（$2.1B vs $1.5B），赛莱默净利率更高（8.9% vs 4.8%，领先4.1%），赛莱默同比增速更快（2.7% vs -9.8%），过去两年赛莱默的营收复合增速更高（-1.0% vs -7.4%）
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
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。
WY vs XYL — 直观对比
营收规模更大
XYL
是对方的1.4倍
$1.5B
营收增速更快
XYL
高出12.5%
-9.8%
净利率更高
XYL
高出4.1%
4.8%
两年增速更快
XYL
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.1B |
| 净利润 | $74.0M | $189.0M |
| 毛利率 | 10.4% | 37.8% |
| 营业利润率 | 16.3% | 11.5% |
| 净利率 | 4.8% | 8.9% |
| 营收同比 | -9.8% | 2.7% |
| 净利润同比 | -8.6% | 13.2% |
| 每股收益（稀释后） | $0.11 | $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WYXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.8B | $2.1B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.7B | $2.1B | ||
| Q2 24 | $1.9B | $2.2B |
净利润WYXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $74.0M | $335.0M | ||
| Q3 25 | $80.0M | $227.0M | ||
| Q2 25 | $87.0M | $226.0M | ||
| Q1 25 | $83.0M | $169.0M | ||
| Q4 24 | $81.0M | $326.0M | ||
| Q3 24 | $28.0M | $217.0M | ||
| Q2 24 | $173.0M | $194.0M |
毛利率WYXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | 10.4% | 38.9% | ||
| Q3 25 | 11.9% | 38.9% | ||
| Q2 25 | 17.3% | 38.8% | ||
| Q1 25 | 19.0% | 37.1% | ||
| Q4 24 | 17.8% | 38.0% | ||
| Q3 24 | 14.9% | 37.3% | ||
| Q2 24 | 20.8% | 37.8% |
营业利润率WYXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 16.3% | 14.7% | ||
| Q3 25 | 7.2% | 14.7% | ||
| Q2 25 | 9.4% | 13.3% | ||
| Q1 25 | 10.2% | 11.2% | ||
| Q4 24 | 8.3% | 11.8% | ||
| Q3 24 | 4.6% | 13.3% | ||
| Q2 24 | 13.9% | 11.7% |
净利率WYXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 4.8% | 14.0% | ||
| Q3 25 | 4.7% | 10.0% | ||
| Q2 25 | 4.6% | 9.8% | ||
| Q1 25 | 4.7% | 8.2% | ||
| Q4 24 | 4.7% | 14.5% | ||
| Q3 24 | 1.7% | 10.3% | ||
| Q2 24 | 8.9% | 8.9% |
每股收益（稀释后）WYXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $0.11 | $1.37 | ||
| Q3 25 | $0.11 | $0.93 | ||
| Q2 25 | $0.12 | $0.93 | ||
| Q1 25 | $0.11 | $0.69 | ||
| Q4 24 | $0.10 | $1.33 | ||
| Q3 24 | $0.04 | $0.89 | ||
| Q2 24 | $0.24 | $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 | $464.0M | $808.0M |
| 总债务越低越好 | $5.6B | $1.9B |
| 股东权益账面价值 | $9.4B | $11.0B |
| 总资产 | $16.6B | $17.0B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资WYXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $464.0M | $1.5B | ||
| Q3 25 | $401.0M | $1.2B | ||
| Q2 25 | $592.0M | $1.2B | ||
| Q1 25 | $560.0M | $1.1B | ||
| Q4 24 | $684.0M | $1.1B | ||
| Q3 24 | $877.0M | $989.0M | ||
| Q2 24 | $997.0M | $815.0M |
总债务WYXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $5.6B | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $5.1B | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益WYXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $9.4B | $11.5B | ||
| Q3 25 | $9.4B | $11.2B | ||
| Q2 25 | $9.5B | $11.1B | ||
| Q1 25 | $9.6B | $10.8B | ||
| Q4 24 | $9.7B | $10.6B | ||
| Q3 24 | $9.9B | $10.6B | ||
| Q2 24 | $10.0B | $10.3B |
总资产WYXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $16.6B | $17.6B | ||
| Q3 25 | $16.7B | $17.3B | ||
| Q2 25 | $16.5B | $17.2B | ||
| Q1 25 | $16.5B | $16.6B | ||
| Q4 24 | $16.5B | $16.5B | ||
| Q3 24 | $16.7B | $16.0B | ||
| Q2 24 | $16.8B | $15.8B |
负债/权益比WYXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | 0.59× | 0.17× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 0.52× | 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 | $-114.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-128.0M | — |
| 自由现金流率自由现金流/营收 | -8.3% | — |
| 资本支出强度资本支出/营收 | 0.9% | 4.2% |
| 现金转化率经营现金流/净利润 | -1.54× | — |
| 过去12个月自由现金流最近4个季度 | $511.0M | — |
8季度趋势，按日历期对齐
经营现金流WYXYL
| Q1 26 | — | — | ||
| Q4 25 | $-114.0M | $543.0M | ||
| Q3 25 | $210.0M | $360.0M | ||
| Q2 25 | $396.0M | $305.0M | ||
| Q1 25 | $70.0M | $33.0M | ||
| Q4 24 | $218.0M | $575.0M | ||
| Q3 24 | $234.0M | $311.0M | ||
| Q2 24 | $432.0M | $288.0M |
自由现金流WYXYL
| Q1 26 | — | — | ||
| Q4 25 | $-128.0M | $460.0M | ||
| Q3 25 | $203.0M | $281.0M | ||
| Q2 25 | $388.0M | $207.0M | ||
| Q1 25 | $48.0M | $-38.0M | ||
| Q4 24 | $205.0M | $475.0M | ||
| Q3 24 | $226.0M | $237.0M | ||
| Q2 24 | $423.0M | $215.0M |
自由现金流率WYXYL
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | 19.2% | ||
| Q3 25 | 11.8% | 12.4% | ||
| Q2 25 | 20.6% | 9.0% | ||
| Q1 25 | 2.7% | -1.8% | ||
| Q4 24 | 12.0% | 21.1% | ||
| Q3 24 | 13.4% | 11.3% | ||
| Q2 24 | 21.8% | 9.9% |
资本支出强度WYXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 0.9% | 3.5% | ||
| Q3 25 | 0.4% | 3.5% | ||
| Q2 25 | 0.4% | 4.3% | ||
| Q1 25 | 1.2% | 3.4% | ||
| Q4 24 | 0.8% | 4.4% | ||
| Q3 24 | 0.5% | 3.5% | ||
| Q2 24 | 0.5% | 3.4% |
现金转化率WYXYL
| Q1 26 | — | — | ||
| Q4 25 | -1.54× | 1.62× | ||
| Q3 25 | 2.63× | 1.59× | ||
| Q2 25 | 4.55× | 1.35× | ||
| Q1 25 | 0.84× | 0.20× | ||
| Q4 24 | 2.69× | 1.76× | ||
| Q3 24 | 8.36× | 1.43× | ||
| Q2 24 | 2.50× | 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
WY
暂无分部数据
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
