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豪瑞（AMRZ）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是豪瑞的1.0倍（$3.8B vs $3.7B），豪瑞净利率更高（14.8% vs 12.4%，领先2.4%），豪瑞同比增速更快（6.6% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $669.0M）
豪瑞是总部位于瑞士的全球领先建筑材料及骨料供应商，为豪瑞集团旗下核心业务板块。原公司于2015年7月10日与拉法基合并组建拉法基豪瑞，2021年正式更名为豪瑞集团，合并完成后豪瑞品牌仍在集团内正常运营。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
AMRZ vs NOW — 直观对比
营收规模更大
NOW
是对方的1.0倍
$3.7B
营收增速更快
AMRZ
高出3.9%
2.8%
净利率更高
AMRZ
高出2.4%
12.4%
自由现金流更多
NOW
多$996.0M
$669.0M
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $3.8B |
| 净利润 | $545.0M | $469.0M |
| 毛利率 | 29.6% | 75.1% |
| 营业利润率 | 21.2% | 13.3% |
| 净利率 | 14.8% | 12.4% |
| 营收同比 | 6.6% | 2.8% |
| 净利润同比 | -1.4% | -53.7% |
| 每股收益（稀释后） | $0.98 | $1.04 |
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AMRZNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | $3.7B | $3.4B | ||
| Q2 25 | $3.2B | $3.2B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.2B | $2.6B |
净利润AMRZNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | — | $401.0M | ||
| Q3 25 | $545.0M | $502.0M | ||
| Q2 25 | $429.0M | $385.0M | ||
| Q1 25 | — | $460.0M | ||
| Q4 24 | — | $384.0M | ||
| Q3 24 | $553.0M | $432.0M | ||
| Q2 24 | $474.0M | $262.0M |
毛利率AMRZNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | 29.6% | 77.3% | ||
| Q2 25 | 30.0% | 77.5% | ||
| Q1 25 | — | 78.9% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | 30.2% | 79.1% | ||
| Q2 24 | 30.2% | 79.0% |
营业利润率AMRZNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | — | 12.4% | ||
| Q3 25 | 21.2% | 16.8% | ||
| Q2 25 | 20.8% | 11.1% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | 24.5% | 14.9% | ||
| Q2 24 | 23.3% | 9.1% |
净利率AMRZNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | 11.2% | ||
| Q3 25 | 14.8% | 14.7% | ||
| Q2 25 | 13.3% | 12.0% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | 16.0% | 15.4% | ||
| Q2 24 | 14.6% | 10.0% |
每股收益（稀释后）AMRZNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | — | $-4.77 | ||
| Q3 25 | $0.98 | $2.40 | ||
| Q2 25 | $0.78 | $1.84 | ||
| Q1 25 | — | $2.20 | ||
| Q4 24 | — | $1.84 | ||
| Q3 24 | $1.00 | $2.07 | ||
| Q2 24 | $0.86 | $1.26 |
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 | $826.0M | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.9B | $11.7B |
| 总资产 | $24.0B | $24.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMRZNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | $826.0M | $2.7B | ||
| Q2 25 | $601.0M | $3.1B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.2B |
股东权益AMRZNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | $12.9B | $11.3B | ||
| Q2 25 | $12.4B | $10.9B | ||
| Q1 25 | — | $10.1B | ||
| Q4 24 | — | $9.6B | ||
| Q3 24 | $9.8B | $9.3B | ||
| Q2 24 | $9.3B | $8.7B |
总资产AMRZNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | — | $26.0B | ||
| Q3 25 | $24.0B | $21.8B | ||
| Q2 25 | $23.8B | $22.1B | ||
| Q1 25 | — | $21.0B | ||
| Q4 24 | — | $20.4B | ||
| Q3 24 | — | $18.4B | ||
| Q2 24 | — | $18.2B |
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 | $854.0M | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $669.0M | $1.7B |
| 自由现金流率自由现金流/营收 | 18.2% | 44.2% |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 1.57× | 3.56× |
| 过去12个月自由现金流最近4个季度 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流AMRZNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | $854.0M | $813.0M | ||
| Q2 25 | — | $716.0M | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $671.0M | ||
| Q2 24 | — | $620.0M |
自由现金流AMRZNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $669.0M | $578.0M | ||
| Q2 25 | — | $526.0M | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $469.0M | ||
| Q2 24 | — | $358.0M |
自由现金流率AMRZNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | — | 56.1% | ||
| Q3 25 | 18.2% | 17.0% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | 47.7% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 13.6% |
资本支出强度AMRZNOW
| Q1 26 | — | — | ||
| Q4 25 | — | 6.7% | ||
| Q3 25 | 5.0% | 6.9% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 10.0% |
现金转化率AMRZNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | — | 5.58× | ||
| Q3 25 | 1.57× | 1.62× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 2.37× |
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
AMRZ
| Building Materials | $2.8B | 75% |
| Building Envelope | $901.0M | 25% |
| Equity Method Investee | $5.0M | 0% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
