开盘$81.71
昨收$83.75
当日区间$81.49 – $83.27
成交量4.18M
市值$37.25B
市盈率（TTM）17.4
股息率0.17%
基本面
最新报告季度：Q3, ended Sep 2026
营收$5.51B+7.2% YoY
营业利润$804.00M+23.1% YoY
净利润$623.00M+34.3% YoY
摊薄每股收益$1.36+38.8% YoY
自由现金流$793.00M+64.2% YoY
经营现金流$907.00M
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率39.9%
营业利润率13.3%
净利率10.0%
净资产收益率19.9%
资产收益率5.8%
投入资本回报率11.6%
流动比率1.30
负债/资产比率69.1%
现金及投资$2.83B
总负债$10.28B
净现金（净负债）-$7.45B
自由现金流/营收8.7%
利润表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 报告营业总收入 | $5.51B | $5.30B | $5.13B | $20.63B | $5.70B |
| 营业总收入 | $5.51B | $5.29B | $5.13B | $20.63B | $5.70B |
| 营业成本 | $3.29B | $3.12B | $3.15B | $12.38B | $3.44B |
| 毛利润 | $2.22B | $2.18B | $1.98B | $8.25B | $2.26B |
| 营业费用 | $1.42B | $1.44B | $1.46B | $5.49B | $1.43B |
| 销售及管理费用 | $1.10B | $1.12B | $1.12B | $4.23B | $1.11B |
| 研发费用 | $320.00M | $323.00M | $345.00M | $1.26B | $323.00M |
| 营业利润 | $804.00M | $738.00M | $515.00M | $2.76B | $827.00M |
| 非经营性利息净收入（支出） | -$114.00M | -$107.00M | -$97.00M | -$399.00M | -$81.00M |
| 非经营性利息收入 | $8.00M | $7.00M | – | $41.00M | $24.00M |
| 非经营性利息支出 | $122.00M | $114.00M | $97.00M | $440.00M | $105.00M |
| 其他收入（支出） | $61.00M | $60.00M | $87.00M | $404.00M | $74.00M |
| 权益法投资收益 | $0.00 | $0.00 | -$3.00M | $3.00M | $0.00 |
| 其他非经营性收入（支出） | $61.00M | $60.00M | $90.00M | $304.00M | $74.00M |
| 税前利润 | $752.00M | $693.00M | $505.00M | $2.77B | $821.00M |
| 税费 | $129.00M | $119.00M | $94.00M | $614.00M | $219.00M |
| 净利润 | $623.00M | $573.00M | $411.00M | $2.15B | $602.00M |
| 持续经营利润 | $623.00M | $573.00M | $411.00M | $2.15B | $602.00M |
| 少数股东权益 | $9.00M | $13.00M | $22.00M | $70.00M | $13.00M |
| 归属母公司净利润 | $614.00M | $560.00M | $389.00M | $2.08B | $589.00M |
| 归属普通股股东净利润 | $615.00M | $561.00M | $389.00M | $2.08B | $589.00M |
| 基本每股收益 | $1.36 | $1.24 | $0.85 | $4.56 | $1.29 |
| 摊薄每股收益 | $1.36 | $1.24 | $0.85 | $4.55 | $1.29 |
| 每股股息 | $0.04 | $0.04 | $0.04 | $0.14 | $0.04 |
| 证券出售收益 | – | – | – | $97.00M | $0.00 |
| 终止经营净利润 | – | – | – | $0.00 | – |
资产负债表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 总资产 | $38.37B | $37.25B | $37.13B | $36.91B | $36.91B |
| 流动资产合计 | $11.50B | $10.50B | $10.43B | $12.50B | $12.50B |
| 现金及现金等价物与短期投资 | $2.83B | $2.08B | $2.26B | $4.49B | $4.49B |
| -现金及现金等价物 | $2.83B | $2.08B | $2.26B | $4.49B | $4.49B |
| 应收款 | $5.03B | $4.91B | $4.74B | $4.85B | $4.85B |
| -应收账款 | $3.61B | $3.54B | $3.47B | $3.72B | $3.72B |
| -应收税款 | $299.00M | $333.00M | $320.00M | $313.00M | $313.00M |
| -其他应收款 | $1.22B | $1.15B | $1.05B | $920.00M | $920.00M |
| -应收款调整准备 | -$101.00M | -$102.00M | -$100.00M | -$103.00M | -$103.00M |
| 预付资产 | $276.00M | $300.00M | $320.00M | $228.00M | $228.00M |
| 存货 | $2.63B | $2.48B | $2.35B | $2.23B | $2.23B |
| 受限现金 | $28.00M | $26.00M | $24.00M | $20.00M | $20.00M |
| 一年内递延资产 | $489.00M | $459.00M | $444.00M | $428.00M | $428.00M |
| 其他流动资产 | $110.00M | $112.00M | $121.00M | $81.00M | $81.00M |
| 非流动资产合计 | $26.88B | $26.75B | $26.70B | $24.41B | $24.41B |
| 固定资产净值 | $3.22B | $3.15B | $3.10B | $3.09B | $3.09B |
| -固定资产原值 | $6.35B | $6.19B | $6.09B | $6.14B | $6.14B |
| -累计折旧 | -$3.13B | -$3.04B | -$2.99B | -$3.05B | -$3.05B |
| 投资及预付款 | $383.00M | $362.00M | $352.00M | $351.00M | $351.00M |
| -长期股权投资 | $383.00M | $362.00M | $352.00M | $351.00M | $351.00M |
| 金融资产 | $76.00M | $97.00M | $119.00M | $88.00M | $88.00M |
| 一年以上应收账款 | $569.00M | $590.00M | $580.00M | $591.00M | $591.00M |
| 商誉及其他无形资产 | $16.95B | $16.99B | $16.97B | $14.62B | $14.62B |
| -商誉 | $15.14B | $15.10B | $15.06B | $13.49B | $13.49B |
| -其他无形资产 | $1.81B | $1.89B | $1.91B | $1.13B | $1.13B |
| 设定受益养老金 | $745.00M | $738.00M | $735.00M | $742.00M | $742.00M |
| 一年以上递延资产 | $4.68B | $4.58B | $4.61B | $4.69B | $4.69B |
| 其他非流动资产 | $257.00M | $247.00M | $238.00M | $233.00M | $233.00M |
| 负债合计 | $26.51B | $26.03B | $26.23B | $26.31B | $26.31B |
| 流动负债合计 | $8.82B | $8.30B | $8.53B | $9.11B | $9.11B |
| 应付款 | $3.58B | $3.41B | $3.66B | $3.57B | $3.57B |
| -应付账款 | $3.32B | $3.23B | $3.41B | $3.25B | $3.25B |
| -应付税款合计 | $263.00M | $180.00M | $251.00M | $324.00M | $324.00M |
| 一年内应计费用 | $374.00M | $296.00M | $329.00M | $297.00M | $297.00M |
| 短期债务及融资租赁负债 | $130.00M | $133.00M | $139.00M | $642.00M | $642.00M |
| -一年内到期债务 | $3.00M | $2.00M | $7.00M | $508.00M | $508.00M |
| -一年内到期融资租赁负债 | $127.00M | $131.00M | $132.00M | $134.00M | $134.00M |
| 一年内预提费用 | $188.00M | $187.00M | $171.00M | $180.00M | $180.00M |
| 一年内递延负债 | $2.25B | $2.20B | $2.15B | $2.10B | $2.10B |
| 其他流动负债 | $663.00M | $636.00M | $658.00M | $651.00M | $651.00M |
| 非流动负债合计 | $17.69B | $17.73B | $17.70B | $17.20B | $17.20B |
| 长期应付账款及其他应付款 | $236.00M | $232.00M | $213.00M | $156.00M | $156.00M |
| 长期债务及融资租赁负债 | $10.28B | $10.41B | $10.44B | $9.82B | $9.82B |
| -长期债务 | $9.97B | $10.09B | $10.13B | $9.50B | $9.50B |
| -长期融资租赁负债 | $307.00M | $317.00M | $311.00M | $326.00M | $326.00M |
| 衍生产品负债 | $226.00M | $113.00M | $89.00M | $160.00M | $160.00M |
| 非流动负债 | $450.00M | $441.00M | $409.00M | $413.00M | $413.00M |
| 一年以上递延负债 | $1.21B | $1.17B | $1.08B | $996.00M | $996.00M |
| 员工福利 | $5.11B | $5.19B | $5.30B | $5.45B | $5.45B |
| 其他非流动负债 | $182.00M | $174.00M | $174.00M | $203.00M | $203.00M |
| 股东权益合计 | $11.87B | $11.22B | $10.90B | $10.60B | $10.60B |
| 股东权益 | $11.61B | $10.98B | $10.67B | $10.38B | $10.38B |
| 股本 | $5.00M | $5.00M | $5.00M | $5.00M | $5.00M |
| -普通股 | $5.00M | $5.00M | $5.00M | $5.00M | $5.00M |
| 资本公积 | $6.80B | $6.78B | $6.73B | $6.71B | $6.71B |
| 留存收益 | $6.80B | $6.20B | $5.65B | $5.28B | $5.28B |
| 减：库存股 | $525.00M | $525.00M | $325.00M | $225.00M | $225.00M |
| 不影响留存收益的损益 | -$1.46B | -$1.48B | -$1.40B | -$1.39B | -$1.39B |
| 其他权益权益 | $1.00M | – | -$1.00M | -$1.00M | -$1.00M |
| 少数股东权益 | $251.00M | $243.00M | $230.00M | $220.00M | $220.00M |
现金流量表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 经营活动现金流 | $907.00M | $168.00M | $290.00M | $1.99B | $1.05B |
| 持续经营经营活动现金流净额 | $907.00M | $168.00M | $290.00M | $1.99B | $1.05B |
| 持续经营净利润 | $623.00M | $574.00M | $411.00M | $2.15B | $602.00M |
| 持续经营损益 | -$119.00M | -$120.00M | -$144.00M | -$605.00M | -$137.00M |
| 折旧、折耗与摊销 | $163.00M | $160.00M | $153.00M | $578.00M | $146.00M |
| 递延税款 | $129.00M | $119.00M | $94.00M | $614.00M | $219.00M |
| 其他非现金项目 | $162.00M | -$34.00M | -$97.00M | -$302.00M | -$68.00M |
| 营运资金变动 | -$17.00M | -$437.00M | -$70.00M | -$153.00M | $328.00M |
| -应收款变动 | -$192.00M | -$165.00M | $95.00M | -$276.00M | -$159.00M |
| -存货变动 | -$120.00M | -$139.00M | -$171.00M | -$142.00M | $75.00M |
| -应付账款及应计费用变动 | $61.00M | -$200.00M | $221.00M | $90.00M | $209.00M |
| -其他营运资金变动 | $234.00M | $67.00M | -$215.00M | $175.00M | $203.00M |
| 投资活动现金流净额 | -$111.00M | -$115.00M | -$2.50B | -$1.05B | -$269.00M |
| 持续经营投资活动现金流净额 | -$111.00M | -$115.00M | -$2.50B | -$1.05B | -$269.00M |
| 固定资产购置及出售净额 | -$114.00M | -$100.00M | -$178.00M | -$482.00M | -$134.00M |
| 业务购买及出售净额 | $0.00 | $4.00M | -$2.30B | -$378.00M | -$99.00M |
| 投资购置及出售净额 | -$33.00M | -$6.00M | -$13.00M | -$118.00M | -$36.00M |
| 其他投资变动净额 | $36.00M | -$13.00M | -$12.00M | -$69.00M | $0.00 |
| 筹资活动现金流 | -$40.00M | -$236.00M | $21.00M | $617.00M | -$293.00M |
| 持续经营筹资活动现金流净额 | -$40.00M | -$236.00M | $21.00M | $617.00M | -$293.00M |
| 债务发行及偿还净额 | -$2.00M | -$9.00M | $148.00M | $968.00M | -$261.00M |
| 普通股发行净额 | $0.00 | -$200.00M | -$100.00M | -$200.00M | $0.00 |
| 已付现金股利 | -$16.00M | -$16.00M | -$16.00M | -$64.00M | -$16.00M |
| 股票期权行使所得 | $2.00M | $0.00 | $10.00M | $37.00M | $12.00M |
| 其他筹资费用净额 | -$24.00M | -$11.00M | -$21.00M | -$124.00M | -$28.00M |
| 期末现金余额 | $2.86B | $2.11B | $2.29B | $4.52B | $4.52B |
| 现金净变动 | $756.00M | -$182.00M | -$2.19B | $1.56B | $487.00M |
| 期初现金余额 | $2.11B | $2.29B | $4.52B | $2.89B | $4.03B |
| 汇率变动影响 | -$7.00M | $2.00M | -$37.00M | $66.00M | -$2.00M |
| 自由现金流 | $793.00M | $68.00M | $112.00M | $1.51B | $916.00M |
| 终止经营经营活动现金流 | – | – | – | $0.00 | $0.00 |
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