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Bloom Energy Corp（BE）与Hilton Grand Vacations Inc.（HGV）财务数据对比。点击上方公司名可切换其他公司
Hilton Grand Vacations Inc.的季度营收约是Bloom Energy Corp的1.6倍（$1.2B vs $751.1M），Bloom Energy Corp净利率更高（9.4% vs 4.0%，领先5.4%），Hilton Grand Vacations Inc.同比增速更快（3.7% vs -3.4%），过去两年Bloom Energy Corp的营收复合增速更高（51.7% vs 7.4%）
Bloom Energy Corp是一家能源技术企业，由印裔美国工程师、发明家、企业家KR·斯里达尔创立，他同时担任公司董事长兼首席执行官。斯里达尔此前曾任亚利桑那大学航空航天与机械工程教授、空间技术实验室主任，曾为NASA提供顾问服务，现为美国国家工程院院士。
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
BE vs HGV — 直观对比
营收规模更大
HGV
是对方的1.6倍
$751.1M
营收增速更快
HGV
高出7.2%
-3.4%
净利率更高
BE
高出5.4%
4.0%
两年增速更快
BE
近两年复合增速
7.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.1M | $1.2B |
| 净利润 | $70.7M | $48.0M |
| 毛利率 | 30.0% | — |
| 营业利润率 | 17.3% | 7.8% |
| 净利率 | 9.4% | 4.0% |
| 营收同比 | -3.4% | 3.7% |
| 净利润同比 | 396.7% | 140.0% |
| 每股收益（稀释后） | $0.44 | $0.53 |
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BEHGV
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $1.2B | ||
| Q3 25 | $513.3M | $1.2B | ||
| Q2 25 | $396.3M | $1.1B | ||
| Q1 25 | $319.3M | $1.0B | ||
| Q4 24 | $567.0M | $1.1B | ||
| Q3 24 | $321.8M | $1.2B | ||
| Q2 24 | $326.5M | $1.1B |
净利润BEHGV
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $48.0M | ||
| Q3 25 | $-23.0M | $25.0M | ||
| Q2 25 | $-42.2M | $25.0M | ||
| Q1 25 | $-23.4M | $-17.0M | ||
| Q4 24 | $105.2M | $20.0M | ||
| Q3 24 | $-14.6M | $29.0M | ||
| Q2 24 | $-61.2M | $2.0M |
毛利率BEHGV
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 21.0% | — |
营业利润率BEHGV
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | 7.8% | ||
| Q3 25 | 1.5% | 3.9% | ||
| Q2 25 | -0.9% | 3.8% | ||
| Q1 25 | -6.0% | -0.6% | ||
| Q4 24 | 18.5% | 4.3% | ||
| Q3 24 | -3.0% | 7.9% | ||
| Q2 24 | -7.1% | 0.6% |
净利率BEHGV
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | 4.0% | ||
| Q3 25 | -4.5% | 2.1% | ||
| Q2 25 | -10.6% | 2.2% | ||
| Q1 25 | -7.3% | -1.7% | ||
| Q4 24 | 18.5% | 1.7% | ||
| Q3 24 | -4.5% | 2.5% | ||
| Q2 24 | -18.7% | 0.2% |
每股收益（稀释后）BEHGV
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $0.53 | ||
| Q3 25 | $-100.00 | $0.28 | ||
| Q2 25 | $-0.18 | $0.25 | ||
| Q1 25 | $-0.10 | $-0.17 | ||
| Q4 24 | $0.45 | $0.19 | ||
| Q3 24 | $-0.06 | $0.28 | ||
| Q2 24 | $-0.27 | $0.02 |
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 | — | $239.0M |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $948.0K | $1.3B |
| 总资产 | $4.7B | $11.5B |
| 负债/权益比越低杠杆越低 | — | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资BEHGV
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $239.0M | ||
| Q3 25 | $595.1M | $215.0M | ||
| Q2 25 | $574.8M | $269.0M | ||
| Q1 25 | $794.8M | $259.0M | ||
| Q4 24 | $802.9M | $328.0M | ||
| Q3 24 | $495.7M | $297.0M | ||
| Q2 24 | $581.7M | $328.0M |
总债务BEHGV
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.5B | ||
| Q3 25 | $1.1B | $4.7B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.1B | $4.6B | ||
| Q3 24 | $1.1B | $5.0B | ||
| Q2 24 | $1.1B | $4.9B |
股东权益BEHGV
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $1.3B | ||
| Q3 25 | $653.1M | $1.4B | ||
| Q2 25 | $594.6M | $1.5B | ||
| Q1 25 | $578.3M | $1.6B | ||
| Q4 24 | $562.5M | $1.8B | ||
| Q3 24 | $430.9M | $1.8B | ||
| Q2 24 | $423.3M | $1.9B |
总资产BEHGV
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $11.5B | ||
| Q3 25 | $2.6B | $11.7B | ||
| Q2 25 | $2.5B | $11.7B | ||
| Q1 25 | $2.6B | $11.8B | ||
| Q4 24 | $2.7B | $11.4B | ||
| Q3 24 | $2.6B | $11.2B | ||
| Q2 24 | $2.5B | $11.5B |
负债/权益比BEHGV
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | 3.53× | ||
| Q3 25 | 1.73× | 3.41× | ||
| Q2 25 | 1.91× | 3.07× | ||
| Q1 25 | 1.96× | 2.83× | ||
| Q4 24 | 2.01× | 2.63× | ||
| Q3 24 | 2.62× | 2.73× | ||
| Q2 24 | 2.66× | 2.55× |
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 | — | $167.0M |
| 自由现金流经营现金流 - 资本支出 | — | $147.0M |
| 自由现金流率自由现金流/营收 | — | 12.3% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | — | 3.48× |
| 过去12个月自由现金流最近4个季度 | — | $230.0M |
8季度趋势，按日历期对齐
经营现金流BEHGV
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $167.0M | ||
| Q3 25 | $19.7M | $34.0M | ||
| Q2 25 | $-213.1M | $61.0M | ||
| Q1 25 | $-110.7M | $38.0M | ||
| Q4 24 | $484.2M | $105.0M | ||
| Q3 24 | $-69.5M | $91.0M | ||
| Q2 24 | $-175.5M | $113.0M |
自由现金流BEHGV
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | $147.0M | ||
| Q3 25 | $7.4M | $13.0M | ||
| Q2 25 | $-220.4M | $46.0M | ||
| Q1 25 | $-124.9M | $24.0M | ||
| Q4 24 | $473.1M | $90.0M | ||
| Q3 24 | $-83.8M | $81.0M | ||
| Q2 24 | $-187.5M | $106.0M |
自由现金流率BEHGV
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | 12.3% | ||
| Q3 25 | 1.4% | 1.1% | ||
| Q2 25 | -55.6% | 4.0% | ||
| Q1 25 | -39.1% | 2.4% | ||
| Q4 24 | 83.4% | 7.8% | ||
| Q3 24 | -26.0% | 6.9% | ||
| Q2 24 | -57.4% | 9.6% |
资本支出强度BEHGV
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.7% | ||
| Q3 25 | 2.4% | 1.8% | ||
| Q2 25 | 1.8% | 1.3% | ||
| Q1 25 | 4.5% | 1.4% | ||
| Q4 24 | 2.0% | 1.3% | ||
| Q3 24 | 4.4% | 0.9% | ||
| Q2 24 | 3.7% | 0.6% |
现金转化率BEHGV
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | 3.48× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 2.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | 5.25× | ||
| Q3 24 | — | 3.14× | ||
| Q2 24 | — | 56.50× |
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
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Resort Management | $118.0M | 10% |
| Other | $116.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
