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博思艾伦汉密尔顿（BAH）与FTI CONSULTING, INC（FCN）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FTI CONSULTING, INC的2.6倍（$2.6B vs $990.7M）。博思艾伦汉密尔顿净利率更高（7.6% vs 5.5%，领先2.1%）。FTI CONSULTING, INC同比增速更快（10.7% vs -10.2%）。FTI CONSULTING, INC自由现金流更多（$351.4M vs $248.0M）。过去两年FTI CONSULTING, INC的营收复合增速更高（3.3% 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。
FTI咨询成立于1982年，总部位于美国华盛顿特区，是全球顶尖的金融咨询服务商之一。公司核心业务涵盖企业融资与重组、经济咨询、法务与诉讼咨询、战略传播、科技及战略咨询等领域，在31个国家拥有逾7700名员工。
BAH vs FCN — 直观对比
营收规模更大
BAH
是对方的2.6倍
$990.7M
营收增速更快
FCN
高出20.9%
-10.2%
净利率更高
BAH
高出2.1%
5.5%
自由现金流更多
FCN
多$103.4M
$248.0M
两年增速更快
FCN
近两年复合增速
-2.8%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $990.7M |
| 净利润 | $200.0M | $54.5M |
| 毛利率 | 51.9% | 31.1% |
| 营业利润率 | 8.8% | 9.4% |
| 净利率 | 7.6% | 5.5% |
| 营收同比 | -10.2% | 10.7% |
| 净利润同比 | 7.0% | 9.7% |
| 每股收益（稀释后） | $1.63 | $1.77 |
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BAHFCN
| Q4 25 | $2.6B | $990.7M | ||
| Q3 25 | $2.9B | $956.2M | ||
| Q2 25 | $2.9B | $943.7M | ||
| Q1 25 | $3.0B | $898.3M | ||
| Q4 24 | $2.9B | $894.9M | ||
| Q3 24 | $3.1B | $926.0M | ||
| Q2 24 | $2.9B | $949.2M | ||
| Q1 24 | $2.8B | $928.6M |
净利润BAHFCN
| Q4 25 | $200.0M | $54.5M | ||
| Q3 25 | $175.0M | $82.8M | ||
| Q2 25 | $271.0M | $71.7M | ||
| Q1 25 | $192.7M | $61.8M | ||
| Q4 24 | $186.9M | $49.7M | ||
| Q3 24 | $390.1M | $66.5M | ||
| Q2 24 | $165.2M | $83.9M | ||
| Q1 24 | $128.0M | $80.0M |
毛利率BAHFCN
| Q4 25 | 51.9% | 31.1% | ||
| Q3 25 | 53.6% | 33.3% | ||
| Q2 25 | 51.3% | 32.1% | ||
| Q1 25 | 53.6% | 32.2% | ||
| Q4 24 | 55.2% | 30.2% | ||
| Q3 24 | 56.7% | 32.2% | ||
| Q2 24 | 53.4% | 32.8% | ||
| Q1 24 | 54.7% | 32.6% |
营业利润率BAHFCN
| Q4 25 | 8.8% | 9.4% | ||
| Q3 25 | 9.8% | 12.3% | ||
| Q2 25 | 8.8% | 10.5% | ||
| Q1 25 | 9.2% | 8.8% | ||
| Q4 24 | 10.0% | 5.9% | ||
| Q3 24 | 17.4% | 9.8% | ||
| Q2 24 | 8.7% | 11.0% | ||
| Q1 24 | 9.5% | 10.7% |
净利率BAHFCN
| Q4 25 | 7.6% | 5.5% | ||
| Q3 25 | 6.1% | 8.7% | ||
| Q2 25 | 9.3% | 7.6% | ||
| Q1 25 | 6.5% | 6.9% | ||
| Q4 24 | 6.4% | 5.6% | ||
| Q3 24 | 12.4% | 7.2% | ||
| Q2 24 | 5.6% | 8.8% | ||
| Q1 24 | 4.6% | 8.6% |
每股收益（稀释后）BAHFCN
| Q4 25 | $1.63 | $1.77 | ||
| Q3 25 | $1.42 | $2.60 | ||
| Q2 25 | $2.16 | $2.13 | ||
| Q1 25 | $1.52 | $1.74 | ||
| Q4 24 | $1.45 | $1.39 | ||
| Q3 24 | $3.01 | $1.85 | ||
| Q2 24 | $1.27 | $2.34 | ||
| Q1 24 | $0.97 | $2.23 |
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 | $265.1M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $1.7B |
| 总资产 | $7.1B | $3.5B |
| 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BAHFCN
| Q4 25 | $882.0M | $265.1M | ||
| Q3 25 | $816.0M | $146.0M | ||
| Q2 25 | $711.0M | $152.8M | ||
| Q1 25 | $885.0M | $151.1M | ||
| Q4 24 | $453.5M | $660.5M | ||
| Q3 24 | $558.7M | $386.3M | ||
| Q2 24 | $297.7M | $226.4M | ||
| Q1 24 | $554.3M | $244.0M |
总债务BAHFCN
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | $0 | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | $60.0M | ||
| Q1 24 | $3.4B | $205.0M |
股东权益BAHFCN
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $996.0M | $1.7B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.0B | $2.1B |
总资产BAHFCN
| Q4 25 | $7.1B | $3.5B | ||
| Q3 25 | $7.2B | $3.5B | ||
| Q2 25 | $7.2B | $3.5B | ||
| Q1 25 | $7.3B | $3.3B | ||
| Q4 24 | $6.8B | $3.6B | ||
| Q3 24 | $6.9B | $3.5B | ||
| Q2 24 | $6.6B | $3.4B | ||
| Q1 24 | $6.6B | $3.3B |
负债/权益比BAHFCN
| Q4 25 | 3.84× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | 0.00× | ||
| Q3 24 | 2.83× | — | ||
| Q2 24 | 3.14× | 0.03× | ||
| Q1 24 | 3.26× | 0.10× |
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 | $359.8M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $351.4M |
| 自由现金流率自由现金流/营收 | 9.5% | 35.5% |
| 资本支出强度资本支出/营收 | 0.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.30× | 6.60× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $93.6M |
8季度趋势，按日历期对齐
经营现金流BAHFCN
| Q4 25 | $261.0M | $359.8M | ||
| Q3 25 | $421.0M | $201.9M | ||
| Q2 25 | $119.0M | $55.7M | ||
| Q1 25 | $219.0M | $-465.2M | ||
| Q4 24 | $150.8M | $315.3M | ||
| Q3 24 | $587.1M | $219.4M | ||
| Q2 24 | $52.1M | $135.2M | ||
| Q1 24 | $143.8M | $-274.8M |
自由现金流BAHFCN
| Q4 25 | $248.0M | $351.4M | ||
| Q3 25 | $395.0M | $187.0M | ||
| Q2 25 | $96.0M | $38.3M | ||
| Q1 25 | $194.4M | $-483.0M | ||
| Q4 24 | $133.6M | $301.6M | ||
| Q3 24 | $563.3M | $212.3M | ||
| Q2 24 | $19.7M | $125.2M | ||
| Q1 24 | $127.6M | $-279.5M |
自由现金流率BAHFCN
| Q4 25 | 9.5% | 35.5% | ||
| Q3 25 | 13.7% | 19.6% | ||
| Q2 25 | 3.3% | 4.1% | ||
| Q1 25 | 6.5% | -53.8% | ||
| Q4 24 | 4.6% | 33.7% | ||
| Q3 24 | 17.9% | 22.9% | ||
| Q2 24 | 0.7% | 13.2% | ||
| Q1 24 | 4.6% | -30.1% |
资本支出强度BAHFCN
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.8% | 2.0% | ||
| Q4 24 | 0.6% | 1.5% | ||
| Q3 24 | 0.8% | 0.8% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 0.6% | 0.5% |
现金转化率BAHFCN
| Q4 25 | 1.30× | 6.60× | ||
| Q3 25 | 2.41× | 2.44× | ||
| Q2 25 | 0.44× | 0.78× | ||
| Q1 25 | 1.14× | -7.52× | ||
| Q4 24 | 0.81× | 6.34× | ||
| Q3 24 | 1.50× | 3.30× | ||
| Q2 24 | 0.32× | 1.61× | ||
| Q1 24 | 1.12× | -3.44× |
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% |
FCN
| Corporate Finance Segment | $423.2M | 43% |
| Forensic And Litigation Consulting | $192.9M | 19% |
| Economic Consulting | $176.2M | 18% |
| Strategic Communications | $99.4M | 10% |
| Other | $99.0M | 10% |
