vs
博思艾伦汉密尔顿（BAH）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
南方铜业的季度营收约是博思艾伦汉密尔顿的1.5倍（$3.9B vs $2.6B），南方铜业净利率更高（33.9% vs 7.6%，领先26.3%），南方铜业同比增速更快（39.0% vs -10.2%），南方铜业自由现金流更多（$1.1B vs $248.0M），过去两年南方铜业的营收复合增速更高（22.0% 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。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
BAH vs SCCO — 直观对比
营收规模更大
SCCO
是对方的1.5倍
$2.6B
营收增速更快
SCCO
高出49.2%
-10.2%
净利率更高
SCCO
高出26.3%
7.6%
自由现金流更多
SCCO
多$823.7M
$248.0M
两年增速更快
SCCO
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $3.9B |
| 净利润 | $200.0M | $1.3B |
| 毛利率 | 51.9% | 62.0% |
| 营业利润率 | 8.8% | 54.5% |
| 净利率 | 7.6% | 33.9% |
| 营收同比 | -10.2% | 39.0% |
| 净利润同比 | 7.0% | 64.7% |
| 每股收益（稀释后） | $1.63 | $1.49 |
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BAHSCCO
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.9B | $3.4B | ||
| Q2 25 | $2.9B | $3.1B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $2.9B | $2.8B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $2.9B | $3.1B | ||
| Q1 24 | $2.8B | $2.6B |
净利润BAHSCCO
| Q4 25 | $200.0M | $1.3B | ||
| Q3 25 | $175.0M | $1.1B | ||
| Q2 25 | $271.0M | $976.7M | ||
| Q1 25 | $192.7M | $949.1M | ||
| Q4 24 | $186.9M | $796.2M | ||
| Q3 24 | $390.1M | $899.8M | ||
| Q2 24 | $165.2M | $953.8M | ||
| Q1 24 | $128.0M | $738.8M |
毛利率BAHSCCO
| Q4 25 | 51.9% | 62.0% | ||
| Q3 25 | 53.6% | 59.8% | ||
| Q2 25 | 51.3% | 60.3% | ||
| Q1 25 | 53.6% | 57.7% | ||
| Q4 24 | 55.2% | 56.5% | ||
| Q3 24 | 56.7% | 58.3% | ||
| Q2 24 | 53.4% | 59.9% | ||
| Q1 24 | 54.7% | 55.5% |
营业利润率BAHSCCO
| Q4 25 | 8.8% | 54.5% | ||
| Q3 25 | 9.8% | 52.4% | ||
| Q2 25 | 8.8% | 52.0% | ||
| Q1 25 | 9.2% | 49.2% | ||
| Q4 24 | 10.0% | 47.0% | ||
| Q3 24 | 17.4% | 49.5% | ||
| Q2 24 | 8.7% | 51.5% | ||
| Q1 24 | 9.5% | 45.8% |
净利率BAHSCCO
| Q4 25 | 7.6% | 33.9% | ||
| Q3 25 | 6.1% | 32.9% | ||
| Q2 25 | 9.3% | 32.0% | ||
| Q1 25 | 6.5% | 30.4% | ||
| Q4 24 | 6.4% | 28.6% | ||
| Q3 24 | 12.4% | 30.7% | ||
| Q2 24 | 5.6% | 30.6% | ||
| Q1 24 | 4.6% | 28.4% |
每股收益（稀释后）BAHSCCO
| Q4 25 | $1.63 | $1.49 | ||
| Q3 25 | $1.42 | $1.35 | ||
| Q2 25 | $2.16 | $1.21 | ||
| Q1 25 | $1.52 | $1.19 | ||
| Q4 24 | $1.45 | $1.02 | ||
| Q3 24 | $3.01 | $1.15 | ||
| Q2 24 | $1.27 | $1.22 | ||
| Q1 24 | $0.97 | $0.95 |
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 | $4.9B |
| 总债务越低越好 | $3.9B | $6.8B |
| 股东权益账面价值 | $1.0B | $11.0B |
| 总资产 | $7.1B | $21.4B |
| 负债/权益比越低杠杆越低 | 3.84× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资BAHSCCO
| Q4 25 | $882.0M | $4.9B | ||
| Q3 25 | $816.0M | $4.5B | ||
| Q2 25 | $711.0M | $4.0B | ||
| Q1 25 | $885.0M | $4.3B | ||
| Q4 24 | $453.5M | $3.5B | ||
| Q3 24 | $558.7M | $3.0B | ||
| Q2 24 | $297.7M | $2.2B | ||
| Q1 24 | $554.3M | $1.6B |
总债务BAHSCCO
| Q4 25 | $3.9B | $6.8B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | $6.3B | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | $6.3B | ||
| Q1 24 | $3.4B | $6.3B |
股东权益BAHSCCO
| Q4 25 | $1.0B | $11.0B | ||
| Q3 25 | $996.0M | $10.4B | ||
| Q2 25 | $1.1B | $10.0B | ||
| Q1 25 | $1.0B | $9.6B | ||
| Q4 24 | $1.2B | $9.2B | ||
| Q3 24 | $1.2B | $8.9B | ||
| Q2 24 | $1.1B | $8.5B | ||
| Q1 24 | $1.0B | $7.5B |
总资产BAHSCCO
| Q4 25 | $7.1B | $21.4B | ||
| Q3 25 | $7.2B | $20.3B | ||
| Q2 25 | $7.2B | $19.6B | ||
| Q1 25 | $7.3B | $19.8B | ||
| Q4 24 | $6.8B | $18.7B | ||
| Q3 24 | $6.9B | $18.4B | ||
| Q2 24 | $6.6B | $17.8B | ||
| Q1 24 | $6.6B | $16.8B |
负债/权益比BAHSCCO
| Q4 25 | 3.84× | 0.61× | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | 0.68× | ||
| Q3 24 | 2.83× | — | ||
| Q2 24 | 3.14× | 0.74× | ||
| Q1 24 | 3.26× | 0.83× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 9.5% | 27.7% |
| 资本支出强度资本支出/营收 | 0.5% | 10.9% |
| 现金转化率经营现金流/净利润 | 1.30× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $3.4B |
8季度趋势，按日历期对齐
经营现金流BAHSCCO
| Q4 25 | $261.0M | $1.5B | ||
| Q3 25 | $421.0M | $1.6B | ||
| Q2 25 | $119.0M | $976.8M | ||
| Q1 25 | $219.0M | $721.4M | ||
| Q4 24 | $150.8M | $1.4B | ||
| Q3 24 | $587.1M | $1.4B | ||
| Q2 24 | $52.1M | $962.1M | ||
| Q1 24 | $143.8M | $659.7M |
自由现金流BAHSCCO
| Q4 25 | $248.0M | $1.1B | ||
| Q3 25 | $395.0M | $1.2B | ||
| Q2 25 | $96.0M | $741.1M | ||
| Q1 25 | $194.4M | $403.6M | ||
| Q4 24 | $133.6M | $1.1B | ||
| Q3 24 | $563.3M | $1.2B | ||
| Q2 24 | $19.7M | $630.3M | ||
| Q1 24 | $127.6M | $445.9M |
自由现金流率BAHSCCO
| Q4 25 | 9.5% | 27.7% | ||
| Q3 25 | 13.7% | 35.8% | ||
| Q2 25 | 3.3% | 24.3% | ||
| Q1 25 | 6.5% | 12.9% | ||
| Q4 24 | 4.6% | 40.4% | ||
| Q3 24 | 17.9% | 40.7% | ||
| Q2 24 | 0.7% | 20.2% | ||
| Q1 24 | 4.6% | 17.2% |
资本支出强度BAHSCCO
| Q4 25 | 0.5% | 10.9% | ||
| Q3 25 | 0.9% | 10.3% | ||
| Q2 25 | 0.8% | 7.7% | ||
| Q1 25 | 0.8% | 10.2% | ||
| Q4 24 | 0.6% | 8.5% | ||
| Q3 24 | 0.8% | 8.4% | ||
| Q2 24 | 1.1% | 10.6% | ||
| Q1 24 | 0.6% | 8.2% |
现金转化率BAHSCCO
| Q4 25 | 1.30× | 1.14× | ||
| Q3 25 | 2.41× | 1.40× | ||
| Q2 25 | 0.44× | 1.00× | ||
| Q1 25 | 1.14× | 0.76× | ||
| Q4 24 | 0.81× | 1.71× | ||
| Q3 24 | 1.50× | 1.60× | ||
| Q2 24 | 0.32× | 1.01× | ||
| Q1 24 | 1.12× | 0.89× |
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% |
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
