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博思艾伦汉密尔顿（BAH）与Flutter Entertainment plc（FLUT）财务数据对比。点击上方公司名可切换其他公司
Flutter Entertainment plc的季度营收约是博思艾伦汉密尔顿的1.8倍（$4.7B vs $2.6B），博思艾伦汉密尔顿净利率更高（7.6% vs 0.2%，领先7.4%），Flutter Entertainment plc同比增速更快（24.9% vs -10.2%），Flutter Entertainment plc自由现金流更多（$392.0M vs $248.0M），过去两年Flutter Entertainment plc的营收复合增速更高（18.1% 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。
Flutter Entertainment plc是爱尔兰裔美国跨国体育博彩及娱乐博彩企业，于纽约证券交易所主上市，同时在伦敦证券交易所第二上市，旗下拥有Betfair、FanDuel、Paddy Power、PokerStars、Sky Betting & Gaming、Sportsbet等知名品牌，是全球规模最大的在线博彩运营商。
BAH vs FLUT — 直观对比
营收规模更大
FLUT
是对方的1.8倍
$2.6B
营收增速更快
FLUT
高出35.1%
-10.2%
净利率更高
BAH
高出7.4%
0.2%
自由现金流更多
FLUT
多$144.0M
$248.0M
两年增速更快
FLUT
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $4.7B |
| 净利润 | $200.0M | $10.0M |
| 毛利率 | 51.9% | 44.5% |
| 营业利润率 | 8.8% | 5.4% |
| 净利率 | 7.6% | 0.2% |
| 营收同比 | -10.2% | 24.9% |
| 净利润同比 | 7.0% | -93.6% |
| 每股收益（稀释后） | $1.63 | $0.00 |
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BAHFLUT
| Q4 25 | $2.6B | $4.7B | ||
| Q3 25 | $2.9B | $3.8B | ||
| Q2 25 | $2.9B | $4.2B | ||
| Q1 25 | $3.0B | $3.7B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $3.1B | $3.2B | ||
| Q2 24 | $2.9B | $3.6B | ||
| Q1 24 | $2.8B | $3.4B |
净利润BAHFLUT
| Q4 25 | $200.0M | $10.0M | ||
| Q3 25 | $175.0M | $-789.0M | ||
| Q2 25 | $271.0M | $37.0M | ||
| Q1 25 | $192.7M | $335.0M | ||
| Q4 24 | $186.9M | $156.0M | ||
| Q3 24 | $390.1M | $-114.0M | ||
| Q2 24 | $165.2M | $297.0M | ||
| Q1 24 | $128.0M | $-177.0M |
毛利率BAHFLUT
| Q4 25 | 51.9% | 44.5% | ||
| Q3 25 | 53.6% | 42.9% | ||
| Q2 25 | 51.3% | 46.8% | ||
| Q1 25 | 53.6% | 46.6% | ||
| Q4 24 | 55.2% | 48.2% | ||
| Q3 24 | 56.7% | 46.1% | ||
| Q2 24 | 53.4% | 49.2% | ||
| Q1 24 | 54.7% | 47.2% |
营业利润率BAHFLUT
| Q4 25 | 8.8% | 5.4% | ||
| Q3 25 | 9.8% | -22.0% | ||
| Q2 25 | 8.8% | 9.3% | ||
| Q1 25 | 9.2% | 6.1% | ||
| Q4 24 | 10.0% | 7.4% | ||
| Q3 24 | 17.4% | 3.0% | ||
| Q2 24 | 8.7% | 10.2% | ||
| Q1 24 | 9.5% | 3.7% |
净利率BAHFLUT
| Q4 25 | 7.6% | 0.2% | ||
| Q3 25 | 6.1% | -20.8% | ||
| Q2 25 | 9.3% | 0.9% | ||
| Q1 25 | 6.5% | 9.1% | ||
| Q4 24 | 6.4% | 4.1% | ||
| Q3 24 | 12.4% | -3.5% | ||
| Q2 24 | 5.6% | 8.2% | ||
| Q1 24 | 4.6% | -5.2% |
每股收益（稀释后）BAHFLUT
| Q4 25 | $1.63 | $0.00 | ||
| Q3 25 | $1.42 | $-3.91 | ||
| Q2 25 | $2.16 | $0.59 | ||
| Q1 25 | $1.52 | $1.57 | ||
| Q4 24 | $1.45 | $0.47 | ||
| Q3 24 | $3.01 | $-0.58 | ||
| Q2 24 | $1.27 | $1.45 | ||
| Q1 24 | $0.97 | $-1.10 |
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 | $1.8B |
| 总债务越低越好 | $3.9B | $12.3B |
| 股东权益账面价值 | $1.0B | $9.0B |
| 总资产 | $7.1B | $29.3B |
| 负债/权益比越低杠杆越低 | 3.84× | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资BAHFLUT
| Q4 25 | $882.0M | $1.8B | ||
| Q3 25 | $816.0M | $1.7B | ||
| Q2 25 | $711.0M | $1.7B | ||
| Q1 25 | $885.0M | $1.5B | ||
| Q4 24 | $453.5M | $1.5B | ||
| Q3 24 | $558.7M | $1.5B | ||
| Q2 24 | $297.7M | $1.5B | ||
| Q1 24 | $554.3M | $1.4B |
总债务BAHFLUT
| Q4 25 | $3.9B | $12.3B | ||
| Q3 25 | $4.0B | $12.1B | ||
| Q2 25 | $4.0B | $10.0B | ||
| Q1 25 | $4.0B | $6.8B | ||
| Q4 24 | $3.4B | $6.7B | ||
| Q3 24 | $3.4B | $6.9B | ||
| Q2 24 | $3.4B | $6.8B | ||
| Q1 24 | $3.4B | $6.8B |
股东权益BAHFLUT
| Q4 25 | $1.0B | $9.0B | ||
| Q3 25 | $996.0M | $9.2B | ||
| Q2 25 | $1.1B | $10.2B | ||
| Q1 25 | $1.0B | $9.9B | ||
| Q4 24 | $1.2B | $9.3B | ||
| Q3 24 | $1.2B | $10.2B | ||
| Q2 24 | $1.1B | $9.9B | ||
| Q1 24 | $1.0B | $9.5B |
总资产BAHFLUT
| Q4 25 | $7.1B | $29.3B | ||
| Q3 25 | $7.2B | $29.3B | ||
| Q2 25 | $7.2B | $29.9B | ||
| Q1 25 | $7.3B | $24.8B | ||
| Q4 24 | $6.8B | $24.5B | ||
| Q3 24 | $6.9B | $25.5B | ||
| Q2 24 | $6.6B | $24.3B | ||
| Q1 24 | $6.6B | $24.4B |
负债/权益比BAHFLUT
| Q4 25 | 3.84× | 1.36× | ||
| Q3 25 | 3.98× | 1.31× | ||
| Q2 25 | 3.74× | 0.97× | ||
| Q1 25 | 3.99× | 0.69× | ||
| Q4 24 | 2.79× | 0.72× | ||
| Q3 24 | 2.83× | 0.67× | ||
| Q2 24 | 3.14× | 0.69× | ||
| Q1 24 | 3.26× | 0.72× |
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 | $428.0M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $392.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 8.3% |
| 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× | 42.80× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $1.1B |
8季度趋势，按日历期对齐
经营现金流BAHFLUT
| Q4 25 | $261.0M | $428.0M | ||
| Q3 25 | $421.0M | $209.0M | ||
| Q2 25 | $119.0M | $359.0M | ||
| Q1 25 | $219.0M | $188.0M | ||
| Q4 24 | $150.8M | $652.0M | ||
| Q3 24 | $587.1M | $290.0M | ||
| Q2 24 | $52.1M | $323.0M | ||
| Q1 24 | $143.8M | $337.0M |
自由现金流BAHFLUT
| Q4 25 | $248.0M | $392.0M | ||
| Q3 25 | $395.0M | $196.0M | ||
| Q2 25 | $96.0M | $322.0M | ||
| Q1 25 | $194.4M | $169.0M | ||
| Q4 24 | $133.6M | $595.0M | ||
| Q3 24 | $563.3M | $253.0M | ||
| Q2 24 | $19.7M | $295.0M | ||
| Q1 24 | $127.6M | $315.0M |
自由现金流率BAHFLUT
| Q4 25 | 9.5% | 8.3% | ||
| Q3 25 | 13.7% | 5.2% | ||
| Q2 25 | 3.3% | 7.7% | ||
| Q1 25 | 6.5% | 4.6% | ||
| Q4 24 | 4.6% | 15.7% | ||
| Q3 24 | 17.9% | 7.8% | ||
| Q2 24 | 0.7% | 8.2% | ||
| Q1 24 | 4.6% | 9.3% |
资本支出强度BAHFLUT
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 0.8% | 0.5% | ||
| Q4 24 | 0.6% | 1.5% | ||
| Q3 24 | 0.8% | 1.1% | ||
| Q2 24 | 1.1% | 0.8% | ||
| Q1 24 | 0.6% | 0.6% |
现金转化率BAHFLUT
| Q4 25 | 1.30× | 42.80× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 0.44× | 9.70× | ||
| Q1 25 | 1.14× | 0.56× | ||
| Q4 24 | 0.81× | 4.18× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 0.32× | 1.09× | ||
| Q1 24 | 1.12× | — |
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% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
