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博思艾伦汉密尔顿（BAH）与EXPONENT INC（EXPO）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EXPONENT INC的17.8倍（$2.6B vs $147.1M）。EXPONENT INC净利率更高（19.1% vs 7.6%，领先11.4%）。EXPONENT INC同比增速更快（8.0% vs -10.2%）。博思艾伦汉密尔顿自由现金流更多（$248.0M vs $30.0M）。过去两年EXPONENT INC的营收复合增速更高（9.4% 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。
Exponent Inc.是美国知名工程与科学咨询企业，汇集科学家、医师、工程师及商业咨询专家，可在90余个技术领域开展研究与分析工作，目前在美国本土设有20个办事处，境外另有5个办事网点。
BAH vs EXPO — 直观对比
营收规模更大
BAH
是对方的17.8倍
$147.1M
营收增速更快
EXPO
高出18.1%
-10.2%
净利率更高
EXPO
高出11.4%
7.6%
自由现金流更多
BAH
多$218.0M
$30.0M
两年增速更快
EXPO
近两年复合增速
-2.8%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $147.1M |
| 净利润 | $200.0M | $28.0M |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | 19.7% |
| 净利率 | 7.6% | 19.1% |
| 营收同比 | -10.2% | 8.0% |
| 净利润同比 | 7.0% | 7.7% |
| 每股收益（稀释后） | $1.63 | $0.55 |
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BAHEXPO
| Q4 25 | $2.6B | $147.1M | ||
| Q3 25 | $2.9B | $142.0M | ||
| Q2 25 | $2.9B | $145.5M | ||
| Q1 25 | $3.0B | $136.8M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.1B | $136.3M | ||
| Q2 24 | $2.9B | $140.5M | ||
| Q1 24 | $2.8B | $144.9M |
净利润BAHEXPO
| Q4 25 | $200.0M | $28.0M | ||
| Q3 25 | $175.0M | $26.6M | ||
| Q2 25 | $271.0M | $26.6M | ||
| Q1 25 | $192.7M | $23.6M | ||
| Q4 24 | $186.9M | — | ||
| Q3 24 | $390.1M | $26.0M | ||
| Q2 24 | $165.2M | $29.2M | ||
| Q1 24 | $128.0M | $30.1M |
毛利率BAHEXPO
| 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BAHEXPO
| Q4 25 | 8.8% | 19.7% | ||
| Q3 25 | 9.8% | 12.1% | ||
| Q2 25 | 8.8% | 30.5% | ||
| Q1 25 | 9.2% | 19.9% | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 17.4% | 19.0% | ||
| Q2 24 | 8.7% | 25.4% | ||
| Q1 24 | 9.5% | 21.2% |
净利率BAHEXPO
| Q4 25 | 7.6% | 19.1% | ||
| Q3 25 | 6.1% | 18.7% | ||
| Q2 25 | 9.3% | 18.3% | ||
| Q1 25 | 6.5% | 17.2% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 12.4% | 19.1% | ||
| Q2 24 | 5.6% | 20.8% | ||
| Q1 24 | 4.6% | 20.8% |
每股收益（稀释后）BAHEXPO
| Q4 25 | $1.63 | $0.55 | ||
| Q3 25 | $1.42 | $0.52 | ||
| Q2 25 | $2.16 | $0.52 | ||
| Q1 25 | $1.52 | $0.45 | ||
| Q4 24 | $1.45 | — | ||
| Q3 24 | $3.01 | $0.50 | ||
| Q2 24 | $1.27 | $0.57 | ||
| Q1 24 | $0.97 | $0.59 |
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 | $207.4M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $402.9M |
| 总资产 | $7.1B | $761.4M |
| 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BAHEXPO
| Q4 25 | $882.0M | $207.4M | ||
| Q3 25 | $816.0M | $231.8M | ||
| Q2 25 | $711.0M | $245.1M | ||
| Q1 25 | $885.0M | $258.9M | ||
| Q4 24 | $453.5M | — | ||
| Q3 24 | $558.7M | $219.7M | ||
| Q2 24 | $297.7M | $203.3M | ||
| Q1 24 | $554.3M | $168.7M |
总债务BAHEXPO
| 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BAHEXPO
| Q4 25 | $1.0B | $402.9M | ||
| Q3 25 | $996.0M | $427.8M | ||
| Q2 25 | $1.1B | $441.4M | ||
| Q1 25 | $1.0B | $421.1M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $410.3M | ||
| Q2 24 | $1.1B | $393.2M | ||
| Q1 24 | $1.0B | $374.3M |
总资产BAHEXPO
| Q4 25 | $7.1B | $761.4M | ||
| Q3 25 | $7.2B | $759.4M | ||
| Q2 25 | $7.2B | $763.2M | ||
| Q1 25 | $7.3B | $777.3M | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $6.9B | $744.1M | ||
| Q2 24 | $6.6B | $709.2M | ||
| Q1 24 | $6.6B | $629.4M |
负债/权益比BAHEXPO
| 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 | $32.7M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $30.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 20.4% |
| 资本支出强度资本支出/营收 | 0.5% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.30× | 1.16× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $122.9M |
8季度趋势，按日历期对齐
经营现金流BAHEXPO
| Q4 25 | $261.0M | $32.7M | ||
| Q3 25 | $421.0M | $36.2M | ||
| Q2 25 | $119.0M | $7.3M | ||
| Q1 25 | $219.0M | $56.1M | ||
| Q4 24 | $150.8M | — | ||
| Q3 24 | $587.1M | $29.7M | ||
| Q2 24 | $52.1M | $48.3M | ||
| Q1 24 | $143.8M | $10.4M |
自由现金流BAHEXPO
| Q4 25 | $248.0M | $30.0M | ||
| Q3 25 | $395.0M | $33.9M | ||
| Q2 25 | $96.0M | $5.5M | ||
| Q1 25 | $194.4M | $53.5M | ||
| Q4 24 | $133.6M | — | ||
| Q3 24 | $563.3M | $28.0M | ||
| Q2 24 | $19.7M | $47.2M | ||
| Q1 24 | $127.6M | $8.9M |
自由现金流率BAHEXPO
| Q4 25 | 9.5% | 20.4% | ||
| Q3 25 | 13.7% | 23.9% | ||
| Q2 25 | 3.3% | 3.8% | ||
| Q1 25 | 6.5% | 39.1% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 17.9% | 20.5% | ||
| Q2 24 | 0.7% | 33.6% | ||
| Q1 24 | 4.6% | 6.2% |
资本支出强度BAHEXPO
| Q4 25 | 0.5% | 1.8% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 0.8% | 1.2% | ||
| Q1 25 | 0.8% | 1.9% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.8% | 1.3% | ||
| Q2 24 | 1.1% | 0.8% | ||
| Q1 24 | 0.6% | 1.0% |
现金转化率BAHEXPO
| Q4 25 | 1.30× | 1.16× | ||
| Q3 25 | 2.41× | 1.36× | ||
| Q2 25 | 0.44× | 0.27× | ||
| Q1 25 | 1.14× | 2.38× | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 1.50× | 1.14× | ||
| Q2 24 | 0.32× | 1.65× | ||
| Q1 24 | 1.12× | 0.35× |
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% |
EXPO
| Engineering And Other Scientific | $124.0M | 84% |
| Environmental And Health | $23.1M | 16% |
