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博思艾伦汉密尔顿（BAH）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
博思艾伦汉密尔顿的季度营收约是芝商所的1.4倍（$2.6B vs $1.9B），博思艾伦汉密尔顿净利率更高（7.6% vs 0.1%，领先7.6%），芝商所同比增速更快（14.5% vs -10.2%），过去两年芝商所的营收复合增速更高（10.8% vs -2.8%）
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
BAH vs CME — 直观对比
营收规模更大
BAH
是对方的1.4倍
$1.9B
营收增速更快
CME
高出24.7%
-10.2%
净利率更高
BAH
高出7.6%
0.1%
两年增速更快
CME
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.9B |
| 净利润 | $200.0M | $1.2M |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | 0.1% |
| 净利率 | 7.6% | 0.1% |
| 营收同比 | -10.2% | 14.5% |
| 净利润同比 | 7.0% | 20.7% |
| 每股收益（稀释后） | $1.63 | — |
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BAHCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $3.0B | $1.6B | ||
| Q4 24 | $2.9B | $1.5B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $2.9B | $1.5B |
净利润BAHCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $200.0M | $1.2B | ||
| Q3 25 | $175.0M | $908.0M | ||
| Q2 25 | $271.0M | $1.0B | ||
| Q1 25 | $192.7M | $956.2M | ||
| Q4 24 | $186.9M | $874.6M | ||
| Q3 24 | $390.1M | $912.8M | ||
| Q2 24 | $165.2M | $883.2M |
毛利率BAHCME
| Q1 26 | — | — | ||
| Q4 25 | 51.9% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 51.3% | — | ||
| Q1 25 | 53.6% | — | ||
| Q4 24 | 55.2% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 53.4% | — |
营业利润率BAHCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 8.8% | 61.8% | ||
| Q3 25 | 9.8% | 63.3% | ||
| Q2 25 | 8.8% | 66.7% | ||
| Q1 25 | 9.2% | 67.5% | ||
| Q4 24 | 10.0% | 62.1% | ||
| Q3 24 | 17.4% | 64.6% | ||
| Q2 24 | 8.7% | 65.3% |
净利率BAHCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 7.6% | 71.7% | ||
| Q3 25 | 6.1% | 59.1% | ||
| Q2 25 | 9.3% | 60.6% | ||
| Q1 25 | 6.5% | 58.2% | ||
| Q4 24 | 6.4% | 57.3% | ||
| Q3 24 | 12.4% | 57.6% | ||
| Q2 24 | 5.6% | 57.6% |
每股收益（稀释后）BAHCME
| Q1 26 | — | — | ||
| Q4 25 | $1.63 | $3.24 | ||
| Q3 25 | $1.42 | $2.49 | ||
| Q2 25 | $2.16 | $2.81 | ||
| Q1 25 | $1.52 | $2.62 | ||
| Q4 24 | $1.45 | $2.40 | ||
| Q3 24 | $3.01 | $2.50 | ||
| Q2 24 | $1.27 | $2.42 |
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 | $882.0M | $2.4B |
| 总债务越低越好 | $3.9B | $3.4B |
| 股东权益账面价值 | $1.0B | — |
| 总资产 | $7.1B | $202.0B |
| 负债/权益比越低杠杆越低 | 3.84× | — |
8季度趋势，按日历期对齐
现金及短期投资BAHCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $882.0M | $4.5B | ||
| Q3 25 | $816.0M | $2.6B | ||
| Q2 25 | $711.0M | $2.1B | ||
| Q1 25 | $885.0M | $1.5B | ||
| Q4 24 | $453.5M | $3.0B | ||
| Q3 24 | $558.7M | $2.4B | ||
| Q2 24 | $297.7M | $1.9B |
总债务BAHCME
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — |
股东权益BAHCME
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $28.7B | ||
| Q3 25 | $996.0M | $28.2B | ||
| Q2 25 | $1.1B | $27.7B | ||
| Q1 25 | $1.0B | $27.0B | ||
| Q4 24 | $1.2B | $26.5B | ||
| Q3 24 | $1.2B | $28.2B | ||
| Q2 24 | $1.1B | $27.6B |
总资产BAHCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $7.1B | $198.4B | ||
| Q3 25 | $7.2B | $187.1B | ||
| Q2 25 | $7.2B | $179.9B | ||
| Q1 25 | $7.3B | $157.8B | ||
| Q4 24 | $6.8B | $137.4B | ||
| Q3 24 | $6.9B | $137.8B | ||
| Q2 24 | $6.6B | $123.4B |
负债/权益比BAHCME
| Q1 26 | — | — | ||
| Q4 25 | 3.84× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 2.83× | — | ||
| Q2 24 | 3.14× | — |
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 | $261.0M | — |
| 自由现金流经营现金流 - 资本支出 | $248.0M | — |
| 自由现金流率自由现金流/营收 | 9.5% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.30× | — |
| 过去12个月自由现金流最近4个季度 | $933.4M | — |
8季度趋势，按日历期对齐
经营现金流BAHCME
| Q1 26 | — | — | ||
| Q4 25 | $261.0M | $1.1B | ||
| Q3 25 | $421.0M | $968.1M | ||
| Q2 25 | $119.0M | $1.1B | ||
| Q1 25 | $219.0M | $1.1B | ||
| Q4 24 | $150.8M | $1.0B | ||
| Q3 24 | $587.1M | $1.0B | ||
| Q2 24 | $52.1M | $776.9M |
自由现金流BAHCME
| Q1 26 | — | — | ||
| Q4 25 | $248.0M | $1.1B | ||
| Q3 25 | $395.0M | $949.7M | ||
| Q2 25 | $96.0M | $1.0B | ||
| Q1 25 | $194.4M | $1.1B | ||
| Q4 24 | $133.6M | $991.7M | ||
| Q3 24 | $563.3M | $973.2M | ||
| Q2 24 | $19.7M | $758.7M |
自由现金流率BAHCME
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | 66.8% | ||
| Q3 25 | 13.7% | 61.8% | ||
| Q2 25 | 3.3% | 61.5% | ||
| Q1 25 | 6.5% | 67.1% | ||
| Q4 24 | 4.6% | 65.0% | ||
| Q3 24 | 17.9% | 61.4% | ||
| Q2 24 | 0.7% | 49.5% |
资本支出强度BAHCME
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 0.9% | 1.2% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.8% | 0.9% | ||
| Q4 24 | 0.6% | 1.7% | ||
| Q3 24 | 0.8% | 1.9% | ||
| Q2 24 | 1.1% | 1.2% |
现金转化率BAHCME
| Q1 26 | — | — | ||
| Q4 25 | 1.30× | 0.96× | ||
| Q3 25 | 2.41× | 1.07× | ||
| Q2 25 | 0.44× | 1.03× | ||
| Q1 25 | 1.14× | 1.17× | ||
| Q4 24 | 0.81× | 1.16× | ||
| Q3 24 | 1.50× | 1.10× | ||
| Q2 24 | 0.32× | 0.88× |
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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
CME
暂无分部数据
