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博思艾伦汉密尔顿（BAH）与Eversource Energy（ES）财务数据对比。点击上方公司名可切换其他公司
Eversource Energy的季度营收约是博思艾伦汉密尔顿的1.3倍（$3.4B vs $2.6B），Eversource Energy净利率更高（12.6% vs 7.6%，领先4.9%），Eversource Energy同比增速更快（13.4% vs -10.2%），博思艾伦汉密尔顿自由现金流更多（$248.0M vs $-67.3M），过去两年Eversource Energy的营收复合增速更高（0.6% 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。
Eversource Energy是位列财富500强的上市能源企业，总部位于美国马萨诸塞州斯普林菲尔德，在康涅狄格州哈特福德、马萨诸塞州波士顿均设有办公据点，旗下多家受监管子公司为康涅狄格、马萨诸塞、新罕布什尔三州约400万用户提供零售电力、天然气及供水服务。
BAH vs ES — 直观对比
营收规模更大
ES
是对方的1.3倍
$2.6B
营收增速更快
ES
高出23.6%
-10.2%
净利率更高
ES
高出4.9%
7.6%
自由现金流更多
BAH
多$315.3M
$-67.3M
两年增速更快
ES
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $3.4B |
| 净利润 | $200.0M | $423.2M |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | 21.1% |
| 净利率 | 7.6% | 12.6% |
| 营收同比 | -10.2% | 13.4% |
| 净利润同比 | 7.0% | 468.8% |
| 每股收益（稀释后） | $1.63 | $1.11 |
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BAHES
| Q4 25 | $2.6B | $3.4B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | $2.9B | $2.8B | ||
| Q1 25 | $3.0B | $4.1B | ||
| Q4 24 | $2.9B | $3.0B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $2.9B | $2.5B | ||
| Q1 24 | $2.8B | $3.3B |
净利润BAHES
| Q4 25 | $200.0M | $423.2M | ||
| Q3 25 | $175.0M | $369.4M | ||
| Q2 25 | $271.0M | $354.6M | ||
| Q1 25 | $192.7M | $552.7M | ||
| Q4 24 | $186.9M | $74.4M | ||
| Q3 24 | $390.1M | $-116.2M | ||
| Q2 24 | $165.2M | $337.2M | ||
| Q1 24 | $128.0M | $523.7M |
毛利率BAHES
| 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% | — | ||
| Q1 24 | 54.7% | — |
营业利润率BAHES
| Q4 25 | 8.8% | 21.1% | ||
| Q3 25 | 9.8% | 21.4% | ||
| Q2 25 | 8.8% | 23.4% | ||
| Q1 25 | 9.2% | 22.5% | ||
| Q4 24 | 10.0% | 11.7% | ||
| Q3 24 | 17.4% | 20.0% | ||
| Q2 24 | 8.7% | 23.8% | ||
| Q1 24 | 9.5% | 25.4% |
净利率BAHES
| Q4 25 | 7.6% | 12.6% | ||
| Q3 25 | 6.1% | 11.5% | ||
| Q2 25 | 9.3% | 12.5% | ||
| Q1 25 | 6.5% | 13.4% | ||
| Q4 24 | 6.4% | 2.5% | ||
| Q3 24 | 12.4% | -3.8% | ||
| Q2 24 | 5.6% | 13.3% | ||
| Q1 24 | 4.6% | 15.7% |
每股收益（稀释后）BAHES
| Q4 25 | $1.63 | $1.11 | ||
| Q3 25 | $1.42 | $0.99 | ||
| Q2 25 | $2.16 | $0.96 | ||
| Q1 25 | $1.52 | $1.50 | ||
| Q4 24 | $1.45 | $0.16 | ||
| Q3 24 | $3.01 | $-0.33 | ||
| Q2 24 | $1.27 | $0.95 | ||
| Q1 24 | $0.97 | $1.49 |
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 | $135.4M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $16.2B |
| 总资产 | $7.1B | $63.8B |
| 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BAHES
| Q4 25 | $882.0M | $135.4M | ||
| Q3 25 | $816.0M | $259.3M | ||
| Q2 25 | $711.0M | $343.7M | ||
| Q1 25 | $885.0M | $111.4M | ||
| Q4 24 | $453.5M | $26.7M | ||
| Q3 24 | $558.7M | $97.9M | ||
| Q2 24 | $297.7M | — | ||
| Q1 24 | $554.3M | — |
总债务BAHES
| 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 | — | ||
| Q1 24 | $3.4B | — |
股东权益BAHES
| Q4 25 | $1.0B | $16.2B | ||
| Q3 25 | $996.0M | $16.0B | ||
| Q2 25 | $1.1B | $15.7B | ||
| Q1 25 | $1.0B | $15.3B | ||
| Q4 24 | $1.2B | $15.0B | ||
| Q3 24 | $1.2B | $15.0B | ||
| Q2 24 | $1.1B | $14.8B | ||
| Q1 24 | $1.0B | $14.5B |
总资产BAHES
| Q4 25 | $7.1B | $63.8B | ||
| Q3 25 | $7.2B | $61.7B | ||
| Q2 25 | $7.2B | $61.0B | ||
| Q1 25 | $7.3B | $60.2B | ||
| Q4 24 | $6.8B | $59.6B | ||
| Q3 24 | $6.9B | $58.6B | ||
| Q2 24 | $6.6B | $58.4B | ||
| Q1 24 | $6.6B | $57.3B |
负债/权益比BAHES
| 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× | — | ||
| Q1 24 | 3.26× | — |
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 | $916.1M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $-67.3M |
| 自由现金流率自由现金流/营收 | 9.5% | -2.0% |
| 资本支出强度资本支出/营收 | 0.5% | 29.2% |
| 现金转化率经营现金流/净利润 | 1.30× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $-45.1M |
8季度趋势，按日历期对齐
经营现金流BAHES
| Q4 25 | $261.0M | $916.1M | ||
| Q3 25 | $421.0M | $1.1B | ||
| Q2 25 | $119.0M | $1.1B | ||
| Q1 25 | $219.0M | $1.0B | ||
| Q4 24 | $150.8M | $642.1M | ||
| Q3 24 | $587.1M | $555.6M | ||
| Q2 24 | $52.1M | $670.7M | ||
| Q1 24 | $143.8M | $291.3M |
自由现金流BAHES
| Q4 25 | $248.0M | $-67.3M | ||
| Q3 25 | $395.0M | $-26.3M | ||
| Q2 25 | $96.0M | $15.3M | ||
| Q1 25 | $194.4M | $33.2M | ||
| Q4 24 | $133.6M | $-546.5M | ||
| Q3 24 | $563.3M | $-515.4M | ||
| Q2 24 | $19.7M | $-400.8M | ||
| Q1 24 | $127.6M | $-858.1M |
自由现金流率BAHES
| Q4 25 | 9.5% | -2.0% | ||
| Q3 25 | 13.7% | -0.8% | ||
| Q2 25 | 3.3% | 0.5% | ||
| Q1 25 | 6.5% | 0.8% | ||
| Q4 24 | 4.6% | -18.4% | ||
| Q3 24 | 17.9% | -16.8% | ||
| Q2 24 | 0.7% | -15.8% | ||
| Q1 24 | 4.6% | -25.7% |
资本支出强度BAHES
| Q4 25 | 0.5% | 29.2% | ||
| Q3 25 | 0.9% | 35.0% | ||
| Q2 25 | 0.8% | 36.7% | ||
| Q1 25 | 0.8% | 24.5% | ||
| Q4 24 | 0.6% | 40.0% | ||
| Q3 24 | 0.8% | 35.0% | ||
| Q2 24 | 1.1% | 42.3% | ||
| Q1 24 | 0.6% | 34.5% |
现金转化率BAHES
| Q4 25 | 1.30× | 2.16× | ||
| Q3 25 | 2.41× | 2.98× | ||
| Q2 25 | 0.44× | 2.98× | ||
| Q1 25 | 1.14× | 1.88× | ||
| Q4 24 | 0.81× | 8.63× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 0.32× | 1.99× | ||
| Q1 24 | 1.12× | 0.56× |
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% |
ES
| Residential | $1.2B | 35% |
| Commercial | $789.0M | 23% |
| Eversource Electric Transmission | $573.8M | 17% |
| Wholesale Transmission Revenue | $570.0M | 17% |
| Industrial | $102.6M | 3% |
| Water Distribution Segment | $58.4M | 2% |
| Eversource Water | $56.3M | 2% |
| Other Revenue Adjustmentsfrom Contractswith Customers | $25.9M | 1% |
