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博思艾伦汉密尔顿（BAH）与百济神州（ONC）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百济神州的1.7倍（$2.6B vs $1.5B），博思艾伦汉密尔顿净利率更高（7.6% vs 4.4%，领先3.2%），百济神州同比增速更快（32.8% vs -10.2%），百济神州自由现金流更多（$379.8M vs $248.0M），过去两年百济神州的营收复合增速更高（41.2% 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。
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
BAH vs ONC — 直观对比
营收规模更大
BAH
是对方的1.7倍
$1.5B
营收增速更快
ONC
高出43.0%
-10.2%
净利率更高
BAH
高出3.2%
4.4%
自由现金流更多
ONC
多$131.8M
$248.0M
两年增速更快
ONC
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.5B |
| 净利润 | $200.0M | $66.5M |
| 毛利率 | 51.9% | 90.5% |
| 营业利润率 | 8.8% | 12.4% |
| 净利率 | 7.6% | 4.4% |
| 营收同比 | -10.2% | 32.8% |
| 净利润同比 | 7.0% | 143.8% |
| 每股收益（稀释后） | $1.63 | $0.05 |
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BAHONC
| Q4 25 | $2.6B | $1.5B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.9B | $1.3B | ||
| Q1 25 | $3.0B | $1.1B | ||
| Q4 24 | $2.9B | $1.1B | ||
| Q3 24 | $3.1B | $1.0B | ||
| Q2 24 | $2.9B | $929.2M | ||
| Q1 24 | $2.8B | $751.7M |
净利润BAHONC
| Q4 25 | $200.0M | $66.5M | ||
| Q3 25 | $175.0M | $124.8M | ||
| Q2 25 | $271.0M | $94.3M | ||
| Q1 25 | $192.7M | $1.3M | ||
| Q4 24 | $186.9M | $-151.9M | ||
| Q3 24 | $390.1M | $-121.3M | ||
| Q2 24 | $165.2M | $-120.4M | ||
| Q1 24 | $128.0M | $-251.2M |
毛利率BAHONC
| Q4 25 | 51.9% | 90.5% | ||
| Q3 25 | 53.6% | 86.1% | ||
| Q2 25 | 51.3% | 87.5% | ||
| Q1 25 | 53.6% | 85.2% | ||
| Q4 24 | 55.2% | 85.8% | ||
| Q3 24 | 56.7% | 83.0% | ||
| Q2 24 | 53.4% | 85.1% | ||
| Q1 24 | 54.7% | 83.4% |
营业利润率BAHONC
| Q4 25 | 8.8% | 12.4% | ||
| Q3 25 | 9.8% | 11.5% | ||
| Q2 25 | 8.8% | 6.7% | ||
| Q1 25 | 9.2% | 1.0% | ||
| Q4 24 | 10.0% | -7.0% | ||
| Q3 24 | 17.4% | -12.0% | ||
| Q2 24 | 8.7% | -11.5% | ||
| Q1 24 | 9.5% | -34.8% |
净利率BAHONC
| Q4 25 | 7.6% | 4.4% | ||
| Q3 25 | 6.1% | 8.8% | ||
| Q2 25 | 9.3% | 7.2% | ||
| Q1 25 | 6.5% | 0.1% | ||
| Q4 24 | 6.4% | -13.5% | ||
| Q3 24 | 12.4% | -12.1% | ||
| Q2 24 | 5.6% | -13.0% | ||
| Q1 24 | 4.6% | -33.4% |
每股收益（稀释后）BAHONC
| Q4 25 | $1.63 | $0.05 | ||
| Q3 25 | $1.42 | $0.08 | ||
| Q2 25 | $2.16 | $0.06 | ||
| Q1 25 | $1.52 | $0.00 | ||
| Q4 24 | $1.45 | $-0.10 | ||
| Q3 24 | $3.01 | $-0.09 | ||
| Q2 24 | $1.27 | $-0.09 | ||
| Q1 24 | $0.97 | $-0.19 |
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 | $4.5B |
| 总债务越低越好 | $3.9B | $836.4M |
| 股东权益账面价值 | $1.0B | $4.4B |
| 总资产 | $7.1B | $8.2B |
| 负债/权益比越低杠杆越低 | 3.84× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资BAHONC
| Q4 25 | $882.0M | $4.5B | ||
| Q3 25 | $816.0M | $4.0B | ||
| Q2 25 | $711.0M | $2.8B | ||
| Q1 25 | $885.0M | $2.5B | ||
| Q4 24 | $453.5M | $2.6B | ||
| Q3 24 | $558.7M | $2.7B | ||
| Q2 24 | $297.7M | $2.6B | ||
| Q1 24 | $554.3M | $2.8B |
总债务BAHONC
| Q4 25 | $3.9B | $836.4M | ||
| 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BAHONC
| Q4 25 | $1.0B | $4.4B | ||
| Q3 25 | $996.0M | $4.1B | ||
| Q2 25 | $1.1B | $3.8B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.2B | $3.4B | ||
| Q2 24 | $1.1B | $3.4B | ||
| Q1 24 | $1.0B | $3.4B |
总资产BAHONC
| Q4 25 | $7.1B | $8.2B | ||
| Q3 25 | $7.2B | $7.6B | ||
| Q2 25 | $7.2B | $6.3B | ||
| Q1 25 | $7.3B | $5.8B | ||
| Q4 24 | $6.8B | $5.9B | ||
| Q3 24 | $6.9B | $5.8B | ||
| Q2 24 | $6.6B | $5.7B | ||
| Q1 24 | $6.6B | $5.7B |
负债/权益比BAHONC
| Q4 25 | 3.84× | 0.19× | ||
| 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 | $417.3M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $379.8M |
| 自由现金流率自由现金流/营收 | 9.5% | 25.4% |
| 资本支出强度资本支出/营收 | 0.5% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.30× | 6.28× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $941.7M |
8季度趋势，按日历期对齐
经营现金流BAHONC
| Q4 25 | $261.0M | $417.3M | ||
| Q3 25 | $421.0M | $402.6M | ||
| Q2 25 | $119.0M | $263.6M | ||
| Q1 25 | $219.0M | $44.1M | ||
| Q4 24 | $150.8M | $75.2M | ||
| Q3 24 | $587.1M | $188.4M | ||
| Q2 24 | $52.1M | $-95.6M | ||
| Q1 24 | $143.8M | $-308.6M |
自由现金流BAHONC
| Q4 25 | $248.0M | $379.8M | ||
| Q3 25 | $395.0M | $354.5M | ||
| Q2 25 | $96.0M | $219.8M | ||
| Q1 25 | $194.4M | $-12.3M | ||
| Q4 24 | $133.6M | $-17.3M | ||
| Q3 24 | $563.3M | $54.7M | ||
| Q2 24 | $19.7M | $-205.5M | ||
| Q1 24 | $127.6M | $-465.1M |
自由现金流率BAHONC
| Q4 25 | 9.5% | 25.4% | ||
| Q3 25 | 13.7% | 25.1% | ||
| Q2 25 | 3.3% | 16.7% | ||
| Q1 25 | 6.5% | -1.1% | ||
| Q4 24 | 4.6% | -1.5% | ||
| Q3 24 | 17.9% | 5.5% | ||
| Q2 24 | 0.7% | -22.1% | ||
| Q1 24 | 4.6% | -61.9% |
资本支出强度BAHONC
| Q4 25 | 0.5% | 2.5% | ||
| Q3 25 | 0.9% | 3.4% | ||
| Q2 25 | 0.8% | 3.3% | ||
| Q1 25 | 0.8% | 5.0% | ||
| Q4 24 | 0.6% | 8.2% | ||
| Q3 24 | 0.8% | 13.3% | ||
| Q2 24 | 1.1% | 11.8% | ||
| Q1 24 | 0.6% | 20.8% |
现金转化率BAHONC
| Q4 25 | 1.30× | 6.28× | ||
| Q3 25 | 2.41× | 3.22× | ||
| Q2 25 | 0.44× | 2.79× | ||
| Q1 25 | 1.14× | 34.71× | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 0.32× | — | ||
| 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% |
ONC
暂无分部数据
