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博思艾伦汉密尔顿（BAH）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
豪士科的季度营收约是博思艾伦汉密尔顿的1.0倍（$2.7B vs $2.6B），博思艾伦汉密尔顿净利率更高（7.6% vs 5.0%，领先2.7%），豪士科同比增速更快（3.5% vs -10.2%），豪士科自由现金流更多（$540.3M vs $248.0M），过去两年豪士科的营收复合增速更高（2.8% 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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
BAH vs OSK — 直观对比
营收规模更大
OSK
是对方的1.0倍
$2.6B
营收增速更快
OSK
高出13.7%
-10.2%
净利率更高
BAH
高出2.7%
5.0%
自由现金流更多
OSK
多$292.3M
$248.0M
两年增速更快
OSK
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 | $133.8M |
| 毛利率 | 51.9% | 15.8% |
| 营业利润率 | 8.8% | 7.9% |
| 净利率 | 7.6% | 5.0% |
| 营收同比 | -10.2% | 3.5% |
| 净利润同比 | 7.0% | -12.6% |
| 每股收益（稀释后） | $1.63 | — |
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BAHOSK
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | $2.9B | $2.7B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.9B | $2.8B | ||
| Q1 24 | $2.8B | $2.5B |
净利润BAHOSK
| Q4 25 | $200.0M | $133.8M | ||
| Q3 25 | $175.0M | $196.2M | ||
| Q2 25 | $271.0M | $204.8M | ||
| Q1 25 | $192.7M | $112.2M | ||
| Q4 24 | $186.9M | $153.1M | ||
| Q3 24 | $390.1M | $180.3M | ||
| Q2 24 | $165.2M | $168.6M | ||
| Q1 24 | $128.0M | $179.4M |
毛利率BAHOSK
| Q4 25 | 51.9% | 15.8% | ||
| Q3 25 | 53.6% | 17.5% | ||
| Q2 25 | 51.3% | 19.2% | ||
| Q1 25 | 53.6% | 17.3% | ||
| Q4 24 | 55.2% | 17.2% | ||
| Q3 24 | 56.7% | 18.5% | ||
| Q2 24 | 53.4% | 19.2% | ||
| Q1 24 | 54.7% | 18.5% |
营业利润率BAHOSK
| Q4 25 | 8.8% | 7.9% | ||
| Q3 25 | 9.8% | 9.7% | ||
| Q2 25 | 8.8% | 10.7% | ||
| Q1 25 | 9.2% | 7.6% | ||
| Q4 24 | 10.0% | 8.6% | ||
| Q3 24 | 17.4% | 9.7% | ||
| Q2 24 | 8.7% | 9.2% | ||
| Q1 24 | 9.5% | 10.2% |
净利率BAHOSK
| Q4 25 | 7.6% | 5.0% | ||
| Q3 25 | 6.1% | 7.3% | ||
| Q2 25 | 9.3% | 7.5% | ||
| Q1 25 | 6.5% | 4.9% | ||
| Q4 24 | 6.4% | 5.9% | ||
| Q3 24 | 12.4% | 6.6% | ||
| Q2 24 | 5.6% | 5.9% | ||
| Q1 24 | 4.6% | 7.1% |
每股收益（稀释后）BAHOSK
| Q4 25 | $1.63 | — | ||
| Q3 25 | $1.42 | — | ||
| Q2 25 | $2.16 | — | ||
| Q1 25 | $1.52 | — | ||
| Q4 24 | $1.45 | — | ||
| Q3 24 | $3.01 | — | ||
| Q2 24 | $1.27 | — | ||
| Q1 24 | $0.97 | — |
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 | $479.8M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $4.5B |
| 总资产 | $7.1B | $10.1B |
| 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BAHOSK
| Q4 25 | $882.0M | $479.8M | ||
| Q3 25 | $816.0M | $211.8M | ||
| Q2 25 | $711.0M | $191.7M | ||
| Q1 25 | $885.0M | $210.3M | ||
| Q4 24 | $453.5M | $204.9M | ||
| Q3 24 | $558.7M | $160.9M | ||
| Q2 24 | $297.7M | $141.4M | ||
| Q1 24 | $554.3M | $69.9M |
总债务BAHOSK
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | $602.3M | ||
| Q2 24 | $3.4B | $599.1M | ||
| Q1 24 | $3.4B | $598.9M |
股东权益BAHOSK
| Q4 25 | $1.0B | $4.5B | ||
| Q3 25 | $996.0M | $4.5B | ||
| Q2 25 | $1.1B | $4.5B | ||
| Q1 25 | $1.0B | $4.2B | ||
| Q4 24 | $1.2B | $4.2B | ||
| Q3 24 | $1.2B | $4.1B | ||
| Q2 24 | $1.1B | $3.9B | ||
| Q1 24 | $1.0B | $3.8B |
总资产BAHOSK
| Q4 25 | $7.1B | $10.1B | ||
| Q3 25 | $7.2B | $9.8B | ||
| Q2 25 | $7.2B | $10.0B | ||
| Q1 25 | $7.3B | $9.8B | ||
| Q4 24 | $6.8B | $9.4B | ||
| Q3 24 | $6.9B | $9.9B | ||
| Q2 24 | $6.6B | $9.7B | ||
| Q1 24 | $6.6B | $9.5B |
负债/权益比BAHOSK
| Q4 25 | 3.84× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 2.83× | 0.15× | ||
| Q2 24 | 3.14× | 0.15× | ||
| Q1 24 | 3.26× | 0.16× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $540.3M |
| 自由现金流率自由现金流/营收 | 9.5% | 20.1% |
| 资本支出强度资本支出/营收 | 0.5% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.30× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $618.0M |
8季度趋势，按日历期对齐
经营现金流BAHOSK
| Q4 25 | $261.0M | $600.1M | ||
| Q3 25 | $421.0M | $489.0M | ||
| Q2 25 | $119.0M | $89.2M | ||
| Q1 25 | $219.0M | $-394.9M | ||
| Q4 24 | $150.8M | $790.8M | ||
| Q3 24 | $587.1M | $326.1M | ||
| Q2 24 | $52.1M | $-211.0M | ||
| Q1 24 | $143.8M | $-355.8M |
自由现金流BAHOSK
| Q4 25 | $248.0M | $540.3M | ||
| Q3 25 | $395.0M | $464.3M | ||
| Q2 25 | $96.0M | $48.6M | ||
| Q1 25 | $194.4M | $-435.2M | ||
| Q4 24 | $133.6M | $703.3M | ||
| Q3 24 | $563.3M | $272.2M | ||
| Q2 24 | $19.7M | $-250.5M | ||
| Q1 24 | $127.6M | $-455.9M |
自由现金流率BAHOSK
| Q4 25 | 9.5% | 20.1% | ||
| Q3 25 | 13.7% | 17.3% | ||
| Q2 25 | 3.3% | 1.8% | ||
| Q1 25 | 6.5% | -18.8% | ||
| Q4 24 | 4.6% | 27.1% | ||
| Q3 24 | 17.9% | 9.9% | ||
| Q2 24 | 0.7% | -8.8% | ||
| Q1 24 | 4.6% | -17.9% |
资本支出强度BAHOSK
| Q4 25 | 0.5% | 2.2% | ||
| Q3 25 | 0.9% | 0.9% | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | 0.8% | 1.7% | ||
| Q4 24 | 0.6% | 3.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 1.1% | 1.4% | ||
| Q1 24 | 0.6% | 3.9% |
现金转化率BAHOSK
| Q4 25 | 1.30× | 4.49× | ||
| Q3 25 | 2.41× | 2.49× | ||
| Q2 25 | 0.44× | 0.44× | ||
| Q1 25 | 1.14× | -3.52× | ||
| Q4 24 | 0.81× | 5.17× | ||
| Q3 24 | 1.50× | 1.81× | ||
| Q2 24 | 0.32× | -1.25× | ||
| Q1 24 | 1.12× | -1.98× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
