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安朗杰（ALLE）与伯克希尔·哈撒韦（HEI）财务数据对比。点击上方公司名可切换其他公司
伯克希尔·哈撒韦的季度营收约是安朗杰的1.2倍（$1.2B vs $1.0B）。伯克希尔·哈撒韦净利率更高（15.6% vs 14.3%，领先1.3%）。伯克希尔·哈撒韦同比增速更快（19.3% vs 9.3%）。伯克希尔·哈撒韦自由现金流更多（$268.5M vs $200.5M）。过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs 7.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
ALLE vs HEI — 直观对比
营收规模更大
HEI
是对方的1.2倍
$1.0B
营收增速更快
HEI
高出10.0%
9.3%
净利率更高
HEI
高出1.3%
14.3%
自由现金流更多
HEI
多$68.0M
$200.5M
两年增速更快
HEI
近两年复合增速
7.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $147.5M | $188.3M |
| 毛利率 | 44.5% | 40.2% |
| 营业利润率 | 20.3% | 23.1% |
| 净利率 | 14.3% | 15.6% |
| 营收同比 | 9.3% | 19.3% |
| 净利润同比 | 2.4% | 34.8% |
| 每股收益（稀释后） | $1.70 | $1.32 |
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ALLEHEI
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $941.9M | $1.0B | ||
| Q4 24 | $945.6M | $1.0B | ||
| Q3 24 | $967.1M | $992.2M | ||
| Q2 24 | $965.6M | $955.4M | ||
| Q1 24 | $893.9M | $896.4M |
净利润ALLEHEI
| Q4 25 | $147.5M | $188.3M | ||
| Q3 25 | $188.4M | $177.3M | ||
| Q2 25 | $159.7M | $156.8M | ||
| Q1 25 | $148.2M | $168.0M | ||
| Q4 24 | $144.1M | $139.7M | ||
| Q3 24 | $174.2M | $136.6M | ||
| Q2 24 | $155.4M | $123.1M | ||
| Q1 24 | $123.8M | $114.7M |
毛利率ALLEHEI
| Q4 25 | 44.5% | 40.2% | ||
| Q3 25 | 45.8% | 39.8% | ||
| Q2 25 | 45.6% | 39.9% | ||
| Q1 25 | 44.9% | 39.4% | ||
| Q4 24 | 44.1% | 38.9% | ||
| Q3 24 | 44.7% | 39.2% | ||
| Q2 24 | 44.4% | 38.9% | ||
| Q1 24 | 43.8% | 38.7% |
营业利润率ALLEHEI
| Q4 25 | 20.3% | 23.1% | ||
| Q3 25 | 21.8% | 23.1% | ||
| Q2 25 | 21.5% | 22.6% | ||
| Q1 25 | 20.9% | 22.0% | ||
| Q4 24 | 19.5% | 21.6% | ||
| Q3 24 | 22.2% | 21.8% | ||
| Q2 24 | 21.6% | 21.9% | ||
| Q1 24 | 19.3% | 20.1% |
净利率ALLEHEI
| Q4 25 | 14.3% | 15.6% | ||
| Q3 25 | 17.6% | 15.5% | ||
| Q2 25 | 15.6% | 14.3% | ||
| Q1 25 | 15.7% | 16.3% | ||
| Q4 24 | 15.2% | 13.8% | ||
| Q3 24 | 18.0% | 13.8% | ||
| Q2 24 | 16.1% | 12.9% | ||
| Q1 24 | 13.8% | 12.8% |
每股收益（稀释后）ALLEHEI
| Q4 25 | $1.70 | $1.32 | ||
| Q3 25 | $2.18 | $1.26 | ||
| Q2 25 | $1.85 | $1.12 | ||
| Q1 25 | $1.71 | $1.20 | ||
| Q4 24 | $1.65 | $1.00 | ||
| Q3 24 | $1.99 | $0.97 | ||
| Q2 24 | $1.77 | $0.88 | ||
| Q1 24 | $1.41 | $0.82 |
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 | $356.2M | $217.8M |
| 总债务越低越好 | $2.0B | $2.2B |
| 股东权益账面价值 | $2.1B | $4.3B |
| 总资产 | $5.2B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.96× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资ALLEHEI
| Q4 25 | $356.2M | $217.8M | ||
| Q3 25 | $302.7M | $261.9M | ||
| Q2 25 | $656.8M | $242.3M | ||
| Q1 25 | $494.5M | $165.5M | ||
| Q4 24 | $503.8M | $162.1M | ||
| Q3 24 | $878.9M | $202.9M | ||
| Q2 24 | $747.5M | $204.2M | ||
| Q1 24 | $391.8M | $196.3M |
总债务ALLEHEI
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.0B | $2.3B | ||
| Q4 24 | $2.0B | $2.2B | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.0B | $2.5B |
股东权益ALLEHEI
| Q4 25 | $2.1B | $4.3B | ||
| Q3 25 | $1.9B | $4.1B | ||
| Q2 25 | $1.8B | $4.0B | ||
| Q1 25 | $1.6B | $3.7B | ||
| Q4 24 | $1.5B | $3.6B | ||
| Q3 24 | $1.6B | $3.5B | ||
| Q2 24 | $1.4B | $3.4B | ||
| Q1 24 | $1.4B | $3.3B |
总资产ALLEHEI
| Q4 25 | $5.2B | $8.5B | ||
| Q3 25 | $5.2B | $8.5B | ||
| Q2 25 | $4.9B | $8.1B | ||
| Q1 25 | $4.6B | $7.9B | ||
| Q4 24 | $4.5B | $7.6B | ||
| Q3 24 | $5.0B | $7.4B | ||
| Q2 24 | $4.8B | $7.4B | ||
| Q1 24 | $4.3B | $7.3B |
负债/权益比ALLEHEI
| Q4 25 | 0.96× | 0.50× | ||
| Q3 25 | 1.07× | 0.59× | ||
| Q2 25 | 1.16× | 0.57× | ||
| Q1 25 | 1.24× | 0.63× | ||
| Q4 24 | 1.33× | 0.61× | ||
| Q3 24 | 1.53× | 0.64× | ||
| Q2 24 | 1.69× | 0.70× | ||
| Q1 24 | 1.49× | 0.76× |
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 | $240.1M | $295.3M |
| 自由现金流经营现金流 - 资本支出 | $200.5M | $268.5M |
| 自由现金流率自由现金流/营收 | 19.4% | 22.2% |
| 资本支出强度资本支出/营收 | 3.8% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.63× | 1.57× |
| 过去12个月自由现金流最近4个季度 | $685.7M | $861.4M |
8季度趋势，按日历期对齐
经营现金流ALLEHEI
| Q4 25 | $240.1M | $295.3M | ||
| Q3 25 | $229.5M | $231.2M | ||
| Q2 25 | $209.7M | $204.7M | ||
| Q1 25 | $104.5M | $203.0M | ||
| Q4 24 | $219.0M | $205.6M | ||
| Q3 24 | $231.9M | $214.0M | ||
| Q2 24 | $173.0M | $141.1M | ||
| Q1 24 | $51.1M | $111.7M |
自由现金流ALLEHEI
| Q4 25 | $200.5M | $268.5M | ||
| Q3 25 | $209.8M | $218.5M | ||
| Q2 25 | $192.0M | $188.7M | ||
| Q1 25 | $83.4M | $185.7M | ||
| Q4 24 | $194.9M | $189.5M | ||
| Q3 24 | $212.0M | $198.1M | ||
| Q2 24 | $152.1M | $128.2M | ||
| Q1 24 | $23.9M | $98.3M |
自由现金流率ALLEHEI
| Q4 25 | 19.4% | 22.2% | ||
| Q3 25 | 19.6% | 19.0% | ||
| Q2 25 | 18.8% | 17.2% | ||
| Q1 25 | 8.9% | 18.0% | ||
| Q4 24 | 20.6% | 18.7% | ||
| Q3 24 | 21.9% | 20.0% | ||
| Q2 24 | 15.8% | 13.4% | ||
| Q1 24 | 2.7% | 11.0% |
资本支出强度ALLEHEI
| Q4 25 | 3.8% | 2.2% | ||
| Q3 25 | 1.8% | 1.1% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 2.2% | 1.7% | ||
| Q4 24 | 2.5% | 1.6% | ||
| Q3 24 | 2.1% | 1.6% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 3.0% | 1.5% |
现金转化率ALLEHEI
| Q4 25 | 1.63× | 1.57× | ||
| Q3 25 | 1.22× | 1.30× | ||
| Q2 25 | 1.31× | 1.31× | ||
| Q1 25 | 0.71× | 1.21× | ||
| Q4 24 | 1.52× | 1.47× | ||
| Q3 24 | 1.33× | 1.57× | ||
| Q2 24 | 1.11× | 1.15× | ||
| Q1 24 | 0.41× | 0.97× |
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
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
