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思科（CSCO）与汇丰控股有限公司（HSBC）财务数据对比。点击上方公司名可切换其他公司
汇丰控股有限公司的季度营收约是思科的1.9倍（$28.6B vs $15.3B），汇丰控股有限公司净利率更高（25.7% vs 20.7%，领先5.0%），汇丰控股有限公司自由现金流更多（$64.0B vs $1.5B）
思科是总部位于美国加利福尼亚州圣何塞的跨国数字通信科技集团，专注于研发、生产及销售网络硬件、软件、通信设备等各类高科技产品，同时提供配套高端技术服务，为全球各领域客户提供可靠的数字化通信相关解决方案。
汇丰控股有限公司是总部位于英国伦敦的全能银行及金融服务集团，历史与业务均与东亚市场渊源深厚，业务布局覆盖全球。截至2024年9月，集团总资产达3.098万亿美元，为欧洲规模最大的银行，全球总资产排名第7位，同时是全球第三大非国有银行。
CSCO vs HSBC — 直观对比
营收规模更大
HSBC
是对方的1.9倍
$15.3B
净利率更高
HSBC
高出5.0%
20.7%
自由现金流更多
HSBC
多$62.4B
$1.5B
损益表 — Q2 FY2026 vs Q4 FY2024
| 指标 | | |
|---|---|---|
| 营收 | $15.3B | $28.6B |
| 净利润 | $3.2B | $7.3B |
| 毛利率 | 65.0% | — |
| 营业利润率 | 24.6% | 33.1% |
| 净利率 | 20.7% | 25.7% |
| 营收同比 | 9.7% | — |
| 净利润同比 | 30.8% | — |
| 每股收益（稀释后） | $0.80 | $0.36 |
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CSCOHSBC
| Q1 26 | $15.3B | — | ||
| Q4 25 | $14.9B | — | ||
| Q3 25 | $14.7B | — | ||
| Q2 25 | $14.1B | — | ||
| Q1 25 | $14.0B | $28.6B | ||
| Q4 24 | $13.8B | — | ||
| Q3 24 | $13.6B | — | ||
| Q2 24 | $12.7B | — |
净利润CSCOHSBC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.4B | $7.3B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.9B | — |
毛利率CSCOHSBC
| Q1 26 | 65.0% | — | ||
| Q4 25 | 65.5% | — | ||
| Q3 25 | 63.2% | — | ||
| Q2 25 | 65.6% | — | ||
| Q1 25 | 65.1% | — | ||
| Q4 24 | 65.9% | — | ||
| Q3 24 | 64.4% | — | ||
| Q2 24 | 65.1% | — |
营业利润率CSCOHSBC
| Q1 26 | 24.6% | — | ||
| Q4 25 | 22.6% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 22.3% | 33.1% | ||
| Q4 24 | 17.0% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | 17.2% | — |
净利率CSCOHSBC
| Q1 26 | 20.7% | — | ||
| Q4 25 | 19.2% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 17.4% | 25.7% | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 15.8% | — | ||
| Q2 24 | 14.8% | — |
每股收益（稀释后）CSCOHSBC
| Q1 26 | $0.80 | — | ||
| Q4 25 | $0.72 | — | ||
| Q3 25 | $0.64 | — | ||
| Q2 25 | $0.62 | — | ||
| Q1 25 | $0.61 | $0.36 | ||
| Q4 24 | $0.68 | — | ||
| Q3 24 | $0.54 | — | ||
| Q2 24 | $0.46 | — |
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 | $15.8B | $434.9B |
| 总债务越低越好 | $24.6B | — |
| 股东权益账面价值 | $47.7B | $192.3B |
| 总资产 | $123.4B | $3017.0B |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资CSCOHSBC
| Q1 26 | $15.8B | — | ||
| Q4 25 | $15.7B | — | ||
| Q3 25 | $16.1B | — | ||
| Q2 25 | $15.6B | — | ||
| Q1 25 | $16.9B | $434.9B | ||
| Q4 24 | $18.7B | — | ||
| Q3 24 | $17.9B | — | ||
| Q2 24 | $18.8B | — |
总债务CSCOHSBC
| Q1 26 | $24.6B | — | ||
| Q4 25 | $24.6B | — | ||
| Q3 25 | $24.6B | — | ||
| Q2 25 | $25.1B | — | ||
| Q1 25 | $20.1B | — | ||
| Q4 24 | $20.1B | — | ||
| Q3 24 | $20.1B | — | ||
| Q2 24 | $20.1B | — |
股东权益CSCOHSBC
| Q1 26 | $47.7B | — | ||
| Q4 25 | $46.9B | — | ||
| Q3 25 | $46.8B | — | ||
| Q2 25 | $45.9B | — | ||
| Q1 25 | $45.5B | $192.3B | ||
| Q4 24 | $45.3B | — | ||
| Q3 24 | $45.5B | — | ||
| Q2 24 | $45.8B | — |
总资产CSCOHSBC
| Q1 26 | $123.4B | — | ||
| Q4 25 | $121.1B | — | ||
| Q3 25 | $122.3B | — | ||
| Q2 25 | $119.8B | — | ||
| Q1 25 | $121.4B | $3017.0B | ||
| Q4 24 | $123.3B | — | ||
| Q3 24 | $124.4B | — | ||
| Q2 24 | $123.0B | — |
负债/权益比CSCOHSBC
| Q1 26 | 0.52× | — | ||
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.44× | — |
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 | $1.8B | $65.3B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $64.0B |
| 自由现金流率自由现金流/营收 | 10.0% | 223.9% |
| 资本支出强度资本支出/营收 | 1.8% | 4.7% |
| 现金转化率经营现金流/净利润 | 0.57× | 8.90× |
| 过去12个月自由现金流最近4个季度 | $12.2B | — |
8季度趋势，按日历期对齐
经营现金流CSCOHSBC
| Q1 26 | $1.8B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $2.2B | $65.3B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $4.0B | — |
自由现金流CSCOHSBC
| Q1 26 | $1.5B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $2.0B | $64.0B | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.8B | — |
自由现金流率CSCOHSBC
| Q1 26 | 10.0% | — | ||
| Q4 25 | 19.4% | — | ||
| Q3 25 | 27.4% | — | ||
| Q2 25 | 26.8% | — | ||
| Q1 25 | 14.5% | 223.9% | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 25.9% | — | ||
| Q2 24 | 29.9% | — |
资本支出强度CSCOHSBC
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.5% | 4.7% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.3% | — |
现金转化率CSCOHSBC
| Q1 26 | 0.57× | — | ||
| Q4 25 | 1.12× | — | ||
| Q3 25 | 1.66× | — | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 0.92× | 8.90× | ||
| Q4 24 | 1.35× | — | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | 2.11× | — |
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
CSCO
| Networking | $8.3B | 54% |
| Services | $3.7B | 24% |
| Security | $2.0B | 13% |
| Collaboration | $1.1B | 7% |
| Observability | $277.0M | 2% |
HSBC
暂无分部数据
