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博思艾伦汉密尔顿（BAH）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是博思艾伦汉密尔顿的1.0倍（$2.7B vs $2.6B），NVR, Inc.净利率更高（13.4% vs 7.6%，领先5.8%），NVR, Inc.同比增速更快（-4.7% vs -10.2%），NVR, Inc.自由现金流更多（$436.0M vs $248.0M），过去两年NVR, Inc.的营收复合增速更高（7.8% 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。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
BAH vs NVR — 直观对比
营收规模更大
NVR
是对方的1.0倍
$2.6B
营收增速更快
NVR
高出5.5%
-10.2%
净利率更高
NVR
高出5.8%
7.6%
自由现金流更多
NVR
多$188.0M
$248.0M
两年增速更快
NVR
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.7B |
| 净利润 | $200.0M | $363.8M |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | — |
| 净利率 | 7.6% | 13.4% |
| 营收同比 | -10.2% | -4.7% |
| 净利润同比 | 7.0% | -20.5% |
| 每股收益（稀释后） | $1.63 | $120.85 |
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BAHNVR
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.9B | $2.6B | ||
| Q2 25 | $2.9B | $2.6B | ||
| Q1 25 | $3.0B | $2.4B | ||
| Q4 24 | $2.9B | $2.8B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $2.8B | $2.3B |
净利润BAHNVR
| Q4 25 | $200.0M | $363.8M | ||
| Q3 25 | $175.0M | $342.7M | ||
| Q2 25 | $271.0M | $333.7M | ||
| Q1 25 | $192.7M | $299.6M | ||
| Q4 24 | $186.9M | $457.4M | ||
| Q3 24 | $390.1M | $429.3M | ||
| Q2 24 | $165.2M | $400.9M | ||
| Q1 24 | $128.0M | $394.3M |
毛利率BAHNVR
| 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BAHNVR
| Q4 25 | 8.8% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 17.4% | — | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 9.5% | — |
净利率BAHNVR
| Q4 25 | 7.6% | 13.4% | ||
| Q3 25 | 6.1% | 13.1% | ||
| Q2 25 | 9.3% | 12.8% | ||
| Q1 25 | 6.5% | 12.5% | ||
| Q4 24 | 6.4% | 16.1% | ||
| Q3 24 | 12.4% | 15.7% | ||
| Q2 24 | 5.6% | 15.3% | ||
| Q1 24 | 4.6% | 16.9% |
每股收益（稀释后）BAHNVR
| Q4 25 | $1.63 | $120.85 | ||
| Q3 25 | $1.42 | $112.33 | ||
| Q2 25 | $2.16 | $108.54 | ||
| Q1 25 | $1.52 | $94.83 | ||
| Q4 24 | $1.45 | $139.09 | ||
| Q3 24 | $3.01 | $130.50 | ||
| Q2 24 | $1.27 | $120.69 | ||
| Q1 24 | $0.97 | $116.41 |
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 | — |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $3.9B |
| 总资产 | $7.1B | $5.9B |
| 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BAHNVR
| Q4 25 | $882.0M | — | ||
| Q3 25 | $816.0M | — | ||
| Q2 25 | $711.0M | — | ||
| Q1 25 | $885.0M | — | ||
| Q4 24 | $453.5M | — | ||
| Q3 24 | $558.7M | — | ||
| Q2 24 | $297.7M | — | ||
| Q1 24 | $554.3M | — |
总债务BAHNVR
| 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BAHNVR
| Q4 25 | $1.0B | $3.9B | ||
| Q3 25 | $996.0M | $4.0B | ||
| Q2 25 | $1.1B | $3.8B | ||
| Q1 25 | $1.0B | $4.0B | ||
| Q4 24 | $1.2B | $4.2B | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $1.1B | $4.1B | ||
| Q1 24 | $1.0B | $4.3B |
总资产BAHNVR
| Q4 25 | $7.1B | $5.9B | ||
| Q3 25 | $7.2B | $6.0B | ||
| Q2 25 | $7.2B | $5.9B | ||
| Q1 25 | $7.3B | $6.2B | ||
| Q4 24 | $6.8B | $6.4B | ||
| Q3 24 | $6.9B | $6.5B | ||
| Q2 24 | $6.6B | $6.4B | ||
| Q1 24 | $6.6B | $6.5B |
负债/权益比BAHNVR
| 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 | $439.7M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $436.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 16.1% |
| 资本支出强度资本支出/营收 | 0.5% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.30× | 1.21× |
| 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BAHNVR
| Q4 25 | $261.0M | $439.7M | ||
| Q3 25 | $421.0M | $438.7M | ||
| Q2 25 | $119.0M | $35.1M | ||
| Q1 25 | $219.0M | $207.8M | ||
| Q4 24 | $150.8M | $637.0M | ||
| Q3 24 | $587.1M | $358.3M | ||
| Q2 24 | $52.1M | $232.7M | ||
| Q1 24 | $143.8M | $146.5M |
自由现金流BAHNVR
| Q4 25 | $248.0M | $436.0M | ||
| Q3 25 | $395.0M | $433.3M | ||
| Q2 25 | $96.0M | $26.8M | ||
| Q1 25 | $194.4M | $200.7M | ||
| Q4 24 | $133.6M | $631.5M | ||
| Q3 24 | $563.3M | $350.1M | ||
| Q2 24 | $19.7M | $226.3M | ||
| Q1 24 | $127.6M | $137.5M |
自由现金流率BAHNVR
| Q4 25 | 9.5% | 16.1% | ||
| Q3 25 | 13.7% | 16.6% | ||
| Q2 25 | 3.3% | 1.0% | ||
| Q1 25 | 6.5% | 8.4% | ||
| Q4 24 | 4.6% | 22.2% | ||
| Q3 24 | 17.9% | 12.8% | ||
| Q2 24 | 0.7% | 8.7% | ||
| Q1 24 | 4.6% | 5.9% |
资本支出强度BAHNVR
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.9% | 0.2% | ||
| Q2 25 | 0.8% | 0.3% | ||
| Q1 25 | 0.8% | 0.3% | ||
| Q4 24 | 0.6% | 0.2% | ||
| Q3 24 | 0.8% | 0.3% | ||
| Q2 24 | 1.1% | 0.2% | ||
| Q1 24 | 0.6% | 0.4% |
现金转化率BAHNVR
| Q4 25 | 1.30× | 1.21× | ||
| Q3 25 | 2.41× | 1.28× | ||
| Q2 25 | 0.44× | 0.11× | ||
| Q1 25 | 1.14× | 0.69× | ||
| Q4 24 | 0.81× | 1.39× | ||
| Q3 24 | 1.50× | 0.83× | ||
| Q2 24 | 0.32× | 0.58× | ||
| Q1 24 | 1.12× | 0.37× |
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% |
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
