开盘$45.13
昨收$46.12
当日区间$45.00 – $46.35
成交量24.16M
市值$189.37B
市盈率（TTM）11.7
股息率6.16%
基本面
最新报告季度：Q3, ended Sep 2026
营收$34.31B+1.5% YoY
营业利润$8.65B+6.7% YoY
净利润$5.32B+5.2% YoY
摊薄每股收益$1.25+6.8% YoY
自由现金流$4.57B-33.3% YoY
经营现金流$11.52B
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59.6%
营业利润率20.9%
净利率11.8%
净资产收益率15.6%
资产收益率4.1%
投入资本回报率7.7%
流动比率0.63
负债/资产比率74.2%
现金及投资$4.50B
总负债$184.20B
净现金（净负债）-$179.70B
自由现金流/营收12.8%
营收构成
2026/Q2 季度
按业务线
利润表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 报告营业总收入 | $34.31B | $34.25B | $34.44B | $138.19B | $36.38B |
| 营业总收入 | $34.31B | $34.25B | $34.44B | $138.19B | $36.38B |
| 营业成本 | $13.09B | $13.08B | $13.67B | $56.77B | $16.48B |
| 毛利润 | $21.23B | $21.17B | $20.77B | $81.43B | $19.90B |
| 营业费用 | $12.58B | $13.99B | $12.53B | $52.17B | $14.90B |
| 销售及管理费用 | $7.48B | $8.98B | $7.63B | $33.82B | $10.38B |
| 折旧、摊销与折耗 | $5.10B | $5.01B | $4.89B | $18.35B | $4.52B |
| -折旧与摊销 | $5.10B | $5.01B | $4.89B | $18.35B | $4.52B |
| 营业利润 | $8.65B | $7.18B | $8.24B | $29.26B | $5.00B |
| 非经营性利息净收入（支出） | -$1.89B | -$1.91B | -$1.79B | -$6.37B | -$1.62B |
| 非经营性利息收入 | $65.00M | $72.00M | $147.00M | $329.00M | $143.00M |
| 非经营性利息支出 | $1.95B | $1.99B | $1.94B | $6.69B | $1.76B |
| 其他收入（支出） | $52.00M | $8.00M | $335.00M | -$222.00M | -$325.00M |
| 权益法投资收益 | -$3.00M | $44.00M | $5.00M | $0.00 | $3.00M |
| 特殊收益（费用） | $138.00M | $152.00M | $95.00M | $368.00M | $96.00M |
| -减：其他特殊支出 | -$138.00M | -$152.00M | -$95.00M | -$368.00M | -$96.00M |
| 其他非经营性收入（支出） | -$83.00M | -$188.00M | $235.00M | -$590.00M | -$424.00M |
| 税前利润 | $6.82B | $5.27B | $6.78B | $22.67B | $3.06B |
| 税费 | $1.50B | $1.33B | $1.64B | $5.06B | $615.00M |
| 净利润 | $5.32B | $3.95B | $5.15B | $17.61B | $2.45B |
| 持续经营利润 | $5.32B | $3.95B | $5.15B | $17.61B | $2.45B |
| 少数股东权益 | $122.00M | $114.00M | $101.00M | $434.00M | $106.00M |
| 归属母公司净利润 | $5.20B | $3.84B | $5.05B | $17.17B | $2.34B |
| 归属普通股股东净利润 | $5.20B | $3.84B | $5.05B | $17.17B | $2.34B |
| 基本每股收益 | $1.25 | $0.92 | $1.20 | $4.06 | $0.55 |
| 摊薄每股收益 | $1.25 | $0.92 | $1.20 | $4.06 | $0.55 |
| 每股股息 | $0.71 | $0.71 | $0.71 | $2.74 | $0.69 |
| -减：资本性资产减值 | – | – | – | $0.00 | – |
资产负债表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 总资产 | $415.52B | $410.19B | $417.88B | $404.26B | $404.26B |
| 流动资产合计 | $41.51B | $37.57B | $44.72B | $56.92B | $56.92B |
| 现金及现金等价物与短期投资 | $4.50B | $1.75B | $8.37B | $19.05B | $19.05B |
| -现金及现金等价物 | $4.50B | $1.75B | $8.37B | $19.05B | $19.05B |
| 应收款 | $26.37B | $26.49B | $26.66B | $27.10B | $27.10B |
| -应收账款 | $26.37B | $26.49B | $26.66B | $27.10B | $27.10B |
| 存货 | $2.78B | $2.04B | $2.32B | $2.44B | $2.44B |
| 其他流动资产 | $7.88B | $7.30B | $7.38B | $1.81B | $1.81B |
| 非流动资产合计 | $374.01B | $372.62B | $373.16B | $347.34B | $347.34B |
| 固定资产净值 | $147.81B | $148.66B | $149.37B | $132.97B | $132.97B |
| -固定资产原值 | $382.11B | $380.24B | $381.05B | $361.49B | $361.49B |
| -累计折旧 | -$234.29B | -$231.59B | -$231.68B | -$228.52B | -$228.52B |
| 投资及预付款 | $796.00M | $783.00M | $730.00M | $785.00M | $785.00M |
| -长期股权投资 | $796.00M | $783.00M | $730.00M | $785.00M | $785.00M |
| 商誉及其他无形资产 | $204.15B | $201.14B | $200.51B | $190.34B | $190.34B |
| -商誉 | $30.73B | $30.66B | $30.63B | $22.84B | $22.84B |
| -其他无形资产 | $173.42B | $170.48B | $169.88B | $167.50B | $167.50B |
| 其他非流动资产 | $21.25B | $22.04B | $22.55B | $23.25B | $23.25B |
| 负债合计 | $308.23B | $304.99B | $313.26B | $298.52B | $298.52B |
| 流动负债合计 | $66.27B | $62.21B | $69.88B | $62.37B | $62.37B |
| 短期债务及融资租赁负债 | $28.66B | $26.62B | $32.95B | $23.16B | $23.16B |
| -一年内到期债务 | $23.89B | $21.78B | $28.23B | $18.62B | $18.62B |
| -一年内到期融资租赁负债 | $4.77B | $4.84B | $4.72B | $4.54B | $4.54B |
| 其他流动负债 | $15.59B | $15.17B | $15.00B | $3.72B | $3.72B |
| 非流动负债合计 | $241.96B | $242.78B | $243.38B | $236.15B | $236.15B |
| 长期债务及融资租赁负债 | $160.31B | $161.84B | $162.92B | $158.48B | $158.48B |
| -长期债务 | $142.34B | $143.45B | $144.23B | $139.53B | $139.53B |
| -长期融资租赁负债 | $17.96B | $18.39B | $18.69B | $18.95B | $18.95B |
| 一年以上递延负债 | $50.98B | $50.23B | $49.31B | $48.72B | $48.72B |
| 员工福利 | $11.53B | $11.76B | $12.02B | $11.10B | $11.10B |
| 其他非流动负债 | $19.14B | $18.95B | $19.12B | $17.85B | $17.85B |
| 股东权益合计 | $107.29B | $105.20B | $104.62B | $105.74B | $105.74B |
| 股东权益 | $105.99B | $103.92B | $103.31B | $104.46B | $104.46B |
| 股本 | $429.00M | $429.00M | $429.00M | $429.00M | $429.00M |
| -普通股 | $429.00M | $429.00M | $429.00M | $429.00M | $429.00M |
| -优先股 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 资本公积 | $13.25B | $13.26B | $13.26B | $13.37B | $13.37B |
| 留存收益 | $100.00B | $97.73B | $96.82B | $94.74B | $94.74B |
| 减：库存股 | $6.80B | $6.31B | $5.34B | $3.26B | $3.26B |
| 不影响留存收益的损益 | -$1.62B | -$1.78B | -$2.37B | -$1.73B | -$1.73B |
| 其他权益权益 | $738.00M | $601.00M | $500.00M | $897.00M | $897.00M |
| 少数股东权益 | $1.31B | $1.28B | $1.31B | $1.28B | $1.28B |
| 预付资产 | – | – | – | $1.84B | $1.84B |
| 受限现金 | – | – | – | $297.00M | $297.00M |
| 一年内递延资产 | – | – | – | $3.32B | $3.32B |
| 应付款 | – | – | – | $16.95B | $16.95B |
| -应付账款 | – | – | – | $12.15B | $12.15B |
| -应付税款合计 | – | – | – | $1.86B | $1.86B |
| -应付股利 | – | – | – | $2.94B | $2.94B |
| 一年内应计费用 | – | – | – | $10.97B | $10.97B |
| 一年内递延负债 | – | – | – | $7.58B | $7.58B |
现金流量表
| 项目 | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| 经营活动现金流 | $11.52B | $10.44B | $7.98B | $37.14B | $9.11B |
| 持续经营经营活动现金流净额 | $11.52B | $10.44B | $7.98B | $37.14B | $9.11B |
| 持续经营净利润 | $5.32B | $3.95B | $5.15B | $17.61B | $2.45B |
| 折旧、折耗与摊销 | $5.10B | $5.01B | $4.89B | $18.35B | $4.52B |
| 递延税款 | $680.00M | $730.00M | $703.00M | $2.34B | $531.00M |
| 其他非现金项目 | -$178.00M | $508.00M | -$142.00M | -$2.26B | -$1.44B |
| 营运资金变动 | -$20.00M | -$336.00M | -$3.08B | -$2.32B | $1.73B |
| 投资活动现金流净额 | -$6.97B | -$4.93B | -$13.57B | -$16.66B | -$4.98B |
| 持续经营投资活动现金流净额 | -$6.97B | -$4.93B | -$13.57B | -$16.66B | -$4.98B |
| 资本支出 | -$3.72B | -$4.01B | -$4.20B | -$17.01B | -$4.75B |
| 无形资产购置及出售净额 | -$3.23B | -$1.07B | -$83.00M | -$450.00M | -$110.00M |
| 业务购买及出售净额 | $0.00 | $0.00 | -$9.48B | $0.00 | $0.00 |
| 其他投资变动净额 | -$26.00M | $154.00M | $191.00M | $801.00M | -$122.00M |
| 筹资活动现金流 | -$1.79B | -$11.84B | -$5.28B | -$5.61B | $7.21B |
| 持续经营筹资活动现金流净额 | -$1.79B | -$11.84B | -$5.28B | -$5.61B | $7.21B |
| 债务发行及偿还净额 | $2.17B | -$7.41B | $1.04B | $7.82B | $10.49B |
| 普通股发行净额 | -$500.00M | -$1.00B | -$2.50B | – | – |
| 已付现金股利 | -$2.94B | -$2.95B | -$2.91B | -$11.48B | -$2.91B |
| 其他筹资费用净额 | -$513.00M | -$469.00M | -$911.00M | -$1.95B | -$370.00M |
| 期末现金余额 | $5.06B | $2.30B | $8.63B | $19.50B | $19.50B |
| 现金净变动 | $2.76B | -$6.33B | -$10.87B | $14.86B | $11.34B |
| 期初现金余额 | $2.30B | $8.63B | $19.50B | $4.64B | $8.16B |
| 自由现金流 | $4.57B | $5.35B | $3.70B | $19.68B | $4.26B |
| 持续经营损益 | – | – | -$114.00M | $1.07B | $582.00M |
| -应收款变动 | – | – | – | -$2.51B | – |
| -存货变动 | – | – | – | -$232.00M | – |
| -预付资产变动 | – | – | – | -$1.39B | – |
| -应付账款及应计费用变动 | – | – | – | $1.82B | – |
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