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CNH Industrial N.V.（CNH）与哈特福德（HIG）财务数据对比。点击上方公司名可切换其他公司
CNH Industrial N.V.的季度营收约是哈特福德的1.1倍（$4.5B vs $4.1B），哈特福德净利率更高（13.2% vs 1.9%，领先11.2%），CNH Industrial N.V.同比增速更快（7.8% vs -43.7%），过去两年CNH Industrial N.V.的营收复合增速更高（3.8% vs -20.8%）
CNH Industrial是意美跨国企业，全球总部位于英国巴西尔登，由跨国投资公司Exor控股，实际控制方为阿涅利家族。公司核心业务涵盖农业机械、工程设备的设计、生产及销售，覆盖全球所有主要市场，目前正重点拓展高增长市场的业务布局。
哈特福德（The Hartford）是美国头部保险企业，位列2024年《财富》世界500强第162位，总部位于康涅狄格州哈特福德市。集团拥有200余年行业经验，在财产意外险、员工福利及共同基金领域处于领先地位，凭借优质服务、可持续运营与诚信经营广受认可。
CNH vs HIG — 直观对比
营收规模更大
CNH
是对方的1.1倍
$4.1B
营收增速更快
CNH
高出51.5%
-43.7%
净利率更高
HIG
高出11.2%
1.9%
两年增速更快
CNH
近两年复合增速
-20.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.1B |
| 净利润 | $86.0M | $536.0M |
| 毛利率 | 18.4% | — |
| 营业利润率 | 3.0% | — |
| 净利率 | 1.9% | 13.2% |
| 营收同比 | 7.8% | -43.7% |
| 净利润同比 | -18.9% | 12.0% |
| 每股收益（稀释后） | $0.08 | — |
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CNHHIG
| Q1 26 | — | $4.1B | ||
| Q4 25 | $4.5B | $7.3B | ||
| Q3 25 | $3.7B | $7.2B | ||
| Q2 25 | $4.0B | $7.0B | ||
| Q1 25 | $3.2B | $6.8B | ||
| Q4 24 | $4.1B | $6.9B | ||
| Q3 24 | $4.0B | $6.8B | ||
| Q2 24 | $4.8B | $6.5B |
净利润CNHHIG
| Q1 26 | — | $536.0M | ||
| Q4 25 | $86.0M | — | ||
| Q3 25 | $80.0M | $1.1B | ||
| Q2 25 | $213.0M | $995.0M | ||
| Q1 25 | $131.0M | $630.0M | ||
| Q4 24 | $106.0M | — | ||
| Q3 24 | $306.0M | $767.0M | ||
| Q2 24 | $433.0M | $738.0M |
毛利率CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 19.1% | — | ||
| Q2 25 | 20.6% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 22.9% | — |
营业利润率CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 19.3% | ||
| Q3 25 | 1.4% | 18.2% | ||
| Q2 25 | 6.8% | 17.8% | ||
| Q1 25 | 5.1% | 11.5% | ||
| Q4 24 | 5.8% | 15.6% | ||
| Q3 24 | 9.6% | 14.1% | ||
| Q2 24 | 11.1% | 14.1% |
净利率CNHHIG
| Q1 26 | — | 13.2% | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 2.2% | 14.9% | ||
| Q2 25 | 5.3% | 14.2% | ||
| Q1 25 | 4.1% | 9.3% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 7.7% | 11.4% | ||
| Q2 24 | 9.0% | 11.4% |
每股收益（稀释后）CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | $0.08 | $3.96 | ||
| Q3 25 | $0.06 | $3.77 | ||
| Q2 25 | $0.17 | $3.44 | ||
| Q1 25 | $0.10 | $2.15 | ||
| Q4 24 | $0.10 | $2.88 | ||
| Q3 24 | $0.24 | $2.56 | ||
| Q2 24 | $0.34 | $2.44 |
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 | $2.6B | $1.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.8B | $16.8M |
| 总资产 | $42.7B | $86.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CNHHIG
| Q1 26 | — | $1.7M | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $2.0B | — |
总债务CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
股东权益CNHHIG
| Q1 26 | — | $16.8M | ||
| Q4 25 | $7.8B | $19.0B | ||
| Q3 25 | $7.8B | $18.4B | ||
| Q2 25 | $7.8B | $17.5B | ||
| Q1 25 | $7.9B | $16.8B | ||
| Q4 24 | $7.7B | $16.4B | ||
| Q3 24 | $7.7B | $17.0B | ||
| Q2 24 | $7.6B | $15.7B |
总资产CNHHIG
| Q1 26 | — | $86.3M | ||
| Q4 25 | $42.7B | $86.0B | ||
| Q3 25 | $43.3B | $85.0B | ||
| Q2 25 | $43.7B | $83.6B | ||
| Q1 25 | $42.1B | $82.3B | ||
| Q4 24 | $42.9B | $80.9B | ||
| Q3 24 | $44.0B | $81.2B | ||
| Q2 24 | $44.0B | $79.0B |
负债/权益比CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.28× |
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 | $945.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 10.99× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | $945.0M | $5.9B | ||
| Q3 25 | $659.0M | $1.8B | ||
| Q2 25 | $772.0M | $1.3B | ||
| Q1 25 | $162.0M | $985.0M | ||
| Q4 24 | $1.7B | $5.9B | ||
| Q3 24 | $791.0M | $1.7B | ||
| Q2 24 | $379.0M | $1.3B |
自由现金流CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $947.0M | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.2B |
自由现金流率CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | — | 78.4% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 83.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 18.5% |
资本支出强度CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.9% |
现金转化率CNHHIG
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | — | ||
| Q3 25 | 8.24× | 1.70× | ||
| Q2 25 | 3.62× | 1.30× | ||
| Q1 25 | 1.24× | 1.56× | ||
| Q4 24 | 15.96× | — | ||
| Q3 24 | 2.58× | 2.19× | ||
| Q2 24 | 0.88× | 1.71× |
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
CNH
| Agricultural Equipment Segment | $3.6B | 81% |
| Construction Equipment Segment | $853.0M | 19% |
| Services | $18.0M | 0% |
HIG
| Earned premiums | $3.6B | 88% |
| Other | $486.0M | 12% |
| Fee income | $12.0M | 0% |
