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博思艾伦汉密尔顿（BAH）与PPL Corporation（PPL）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PPL Corporation的1.1倍（$2.6B vs $2.3B），PPL Corporation净利率更高（11.3% vs 7.6%，领先3.7%），PPL Corporation同比增速更快（7.2% vs -10.2%），博思艾伦汉密尔顿自由现金流更多（$248.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% 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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
BAH vs PPL — 直观对比
营收规模更大
BAH
是对方的1.1倍
$2.3B
营收增速更快
PPL
高出17.4%
-10.2%
净利率更高
PPL
高出3.7%
7.6%
自由现金流更多
BAH
多$862.0M
$-614.0M
两年增速更快
PPL
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.3B |
| 净利润 | $200.0M | $266.0M |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | 20.3% |
| 净利率 | 7.6% | 11.3% |
| 营收同比 | -10.2% | 7.2% |
| 净利润同比 | 7.0% | 50.3% |
| 每股收益（稀释后） | $1.63 | $0.35 |
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BAHPPL
| Q4 25 | $2.6B | $2.3B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $2.9B | $2.2B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $2.9B | $1.9B | ||
| Q1 24 | $2.8B | $2.3B |
净利润BAHPPL
| Q4 25 | $200.0M | $266.0M | ||
| Q3 25 | $175.0M | $318.0M | ||
| Q2 25 | $271.0M | $183.0M | ||
| Q1 25 | $192.7M | $414.0M | ||
| Q4 24 | $186.9M | $177.0M | ||
| Q3 24 | $390.1M | $214.0M | ||
| Q2 24 | $165.2M | $190.0M | ||
| Q1 24 | $128.0M | $307.0M |
毛利率BAHPPL
| 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BAHPPL
| Q4 25 | 8.8% | 20.3% | ||
| Q3 25 | 9.8% | 25.4% | ||
| Q2 25 | 8.8% | 19.9% | ||
| Q1 25 | 9.2% | 26.6% | ||
| Q4 24 | 10.0% | 17.2% | ||
| Q3 24 | 17.4% | 20.6% | ||
| Q2 24 | 8.7% | 20.8% | ||
| Q1 24 | 9.5% | 23.7% |
净利率BAHPPL
| Q4 25 | 7.6% | 11.3% | ||
| Q3 25 | 6.1% | 14.2% | ||
| Q2 25 | 9.3% | 9.0% | ||
| Q1 25 | 6.5% | 16.3% | ||
| Q4 24 | 6.4% | 8.1% | ||
| Q3 24 | 12.4% | 10.3% | ||
| Q2 24 | 5.6% | 10.1% | ||
| Q1 24 | 4.6% | 13.3% |
每股收益（稀释后）BAHPPL
| Q4 25 | $1.63 | $0.35 | ||
| Q3 25 | $1.42 | $0.43 | ||
| Q2 25 | $2.16 | $0.25 | ||
| Q1 25 | $1.52 | $0.56 | ||
| Q4 24 | $1.45 | $0.23 | ||
| Q3 24 | $3.01 | $0.29 | ||
| Q2 24 | $1.27 | $0.26 | ||
| Q1 24 | $0.97 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | $3.9B | $18.9B |
| 股东权益账面价值 | $1.0B | $14.9B |
| 总资产 | $7.1B | $45.2B |
| 负债/权益比越低杠杆越低 | 3.84× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资BAHPPL
| Q4 25 | $882.0M | $1.1B | ||
| Q3 25 | $816.0M | $1.1B | ||
| Q2 25 | $711.0M | $294.0M | ||
| Q1 25 | $885.0M | $312.0M | ||
| Q4 24 | $453.5M | $306.0M | ||
| Q3 24 | $558.7M | $542.0M | ||
| Q2 24 | $297.7M | $282.0M | ||
| Q1 24 | $554.3M | $276.0M |
总债务BAHPPL
| Q4 25 | $3.9B | $18.9B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | $16.5B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.4B | — |
股东权益BAHPPL
| Q4 25 | $1.0B | $14.9B | ||
| Q3 25 | $996.0M | $14.4B | ||
| Q2 25 | $1.1B | $14.3B | ||
| Q1 25 | $1.0B | $14.3B | ||
| Q4 24 | $1.2B | $14.1B | ||
| Q3 24 | $1.2B | $14.1B | ||
| Q2 24 | $1.1B | $14.1B | ||
| Q1 24 | $1.0B | $14.1B |
总资产BAHPPL
| Q4 25 | $7.1B | $45.2B | ||
| Q3 25 | $7.2B | $43.9B | ||
| Q2 25 | $7.2B | $42.4B | ||
| Q1 25 | $7.3B | $41.8B | ||
| Q4 24 | $6.8B | $41.1B | ||
| Q3 24 | $6.9B | $40.5B | ||
| Q2 24 | $6.6B | $39.8B | ||
| Q1 24 | $6.6B | $39.6B |
负债/权益比BAHPPL
| Q4 25 | 3.84× | 1.27× | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | 1.17× | ||
| 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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 9.5% | -26.1% |
| 资本支出强度资本支出/营收 | 0.5% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.30× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流BAHPPL
| Q4 25 | $261.0M | $548.0M | ||
| Q3 25 | $421.0M | $966.0M | ||
| Q2 25 | $119.0M | $602.0M | ||
| Q1 25 | $219.0M | $513.0M | ||
| Q4 24 | $150.8M | $511.0M | ||
| Q3 24 | $587.1M | $781.0M | ||
| Q2 24 | $52.1M | $766.0M | ||
| Q1 24 | $143.8M | $282.0M |
自由现金流BAHPPL
| Q4 25 | $248.0M | $-614.0M | ||
| Q3 25 | $395.0M | $-179.0M | ||
| Q2 25 | $96.0M | $-328.0M | ||
| Q1 25 | $194.4M | $-280.0M | ||
| Q4 24 | $133.6M | $-349.0M | ||
| Q3 24 | $563.3M | $102.0M | ||
| Q2 24 | $19.7M | $96.0M | ||
| Q1 24 | $127.6M | $-314.0M |
自由现金流率BAHPPL
| Q4 25 | 9.5% | -26.1% | ||
| Q3 25 | 13.7% | -8.0% | ||
| Q2 25 | 3.3% | -16.1% | ||
| Q1 25 | 6.5% | -11.0% | ||
| Q4 24 | 4.6% | -15.9% | ||
| Q3 24 | 17.9% | 4.9% | ||
| Q2 24 | 0.7% | 5.1% | ||
| Q1 24 | 4.6% | -13.6% |
资本支出强度BAHPPL
| Q4 25 | 0.5% | 49.5% | ||
| Q3 25 | 0.9% | 51.2% | ||
| Q2 25 | 0.8% | 45.6% | ||
| Q1 25 | 0.8% | 31.2% | ||
| Q4 24 | 0.6% | 39.3% | ||
| Q3 24 | 0.8% | 32.7% | ||
| Q2 24 | 1.1% | 35.8% | ||
| Q1 24 | 0.6% | 25.9% |
现金转化率BAHPPL
| Q4 25 | 1.30× | 2.06× | ||
| Q3 25 | 2.41× | 3.04× | ||
| Q2 25 | 0.44× | 3.29× | ||
| Q1 25 | 1.14× | 1.24× | ||
| Q4 24 | 0.81× | 2.89× | ||
| Q3 24 | 1.50× | 3.65× | ||
| Q2 24 | 0.32× | 4.03× | ||
| Q1 24 | 1.12× | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
