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HF Sinclair Corp（DINO）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
HF Sinclair Corp的季度营收约是ServiceNow的1.7倍（$6.5B vs $3.8B），ServiceNow净利率更高（12.4% vs -0.4%，领先12.9%），ServiceNow同比增速更快（2.8% vs -0.6%），ServiceNow自由现金流更多（$1.7B vs $-123.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs -4.1%）
HF Sinclair是总部位于美国得克萨斯州达拉斯的能源企业，主要从事汽油、柴油、航空燃油、可再生柴油、特种润滑油、特种化学品、特种改性沥青等多类能源化工产品的生产与销售。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
DINO vs NOW — 直观对比
营收规模更大
DINO
是对方的1.7倍
$3.8B
营收增速更快
NOW
高出3.3%
-0.6%
净利率更高
NOW
高出12.9%
-0.4%
自由现金流更多
NOW
多$1.8B
$-123.0M
两年增速更快
NOW
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $3.8B |
| 净利润 | $-28.0M | $469.0M |
| 毛利率 | — | 75.1% |
| 营业利润率 | 0.1% | 13.3% |
| 净利率 | -0.4% | 12.4% |
| 营收同比 | -0.6% | 2.8% |
| 净利润同比 | 86.9% | -53.7% |
| 每股收益（稀释后） | $-0.15 | $1.04 |
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DINONOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $6.5B | $3.6B | ||
| Q3 25 | $7.3B | $3.4B | ||
| Q2 25 | $6.8B | $3.2B | ||
| Q1 25 | $6.4B | $3.1B | ||
| Q4 24 | $6.5B | $3.0B | ||
| Q3 24 | $7.2B | $2.8B | ||
| Q2 24 | $7.8B | $2.6B |
净利润DINONOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $-28.0M | $401.0M | ||
| Q3 25 | $403.0M | $502.0M | ||
| Q2 25 | $208.0M | $385.0M | ||
| Q1 25 | $-4.0M | $460.0M | ||
| Q4 24 | $-213.5M | $384.0M | ||
| Q3 24 | $-75.9M | $432.0M | ||
| Q2 24 | $151.8M | $262.0M |
毛利率DINONOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 77.3% | ||
| Q2 25 | — | 77.5% | ||
| Q1 25 | — | 78.9% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | — | 79.1% | ||
| Q2 24 | — | 79.0% |
营业利润率DINONOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 0.1% | 12.4% | ||
| Q3 25 | 7.8% | 16.8% | ||
| Q2 25 | 4.1% | 11.1% | ||
| Q1 25 | 1.3% | 14.6% | ||
| Q4 24 | -3.5% | 12.6% | ||
| Q3 24 | -1.7% | 14.9% | ||
| Q2 24 | 2.5% | 9.1% |
净利率DINONOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | -0.4% | 11.2% | ||
| Q3 25 | 5.6% | 14.7% | ||
| Q2 25 | 3.1% | 12.0% | ||
| Q1 25 | -0.1% | 14.9% | ||
| Q4 24 | -3.3% | 13.0% | ||
| Q3 24 | -1.1% | 15.4% | ||
| Q2 24 | 1.9% | 10.0% |
每股收益（稀释后）DINONOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $-0.15 | $-4.77 | ||
| Q3 25 | $2.15 | $2.40 | ||
| Q2 25 | $1.10 | $1.84 | ||
| Q1 25 | $-0.02 | $2.20 | ||
| Q4 24 | $-1.05 | $1.84 | ||
| Q3 24 | $-0.40 | $2.07 | ||
| Q2 24 | $0.79 | $1.26 |
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 | $978.0M | $2.7B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $9.2B | $11.7B |
| 总资产 | $16.5B | $24.4B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资DINONOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $978.0M | $3.7B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $874.0M | $3.1B | ||
| Q1 25 | $547.0M | $3.4B | ||
| Q4 24 | $800.0M | $2.3B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $866.3M | $2.2B |
总债务DINONOW
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DINONOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $9.2B | $13.0B | ||
| Q3 25 | $9.4B | $11.3B | ||
| Q2 25 | $9.3B | $10.9B | ||
| Q1 25 | $9.2B | $10.1B | ||
| Q4 24 | $9.3B | $9.6B | ||
| Q3 24 | $9.6B | $9.3B | ||
| Q2 24 | $9.9B | $8.7B |
总资产DINONOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $16.5B | $26.0B | ||
| Q3 25 | $17.3B | $21.8B | ||
| Q2 25 | $16.8B | $22.1B | ||
| Q1 25 | $16.5B | $21.0B | ||
| Q4 24 | $16.6B | $20.4B | ||
| Q3 24 | $16.9B | $18.4B | ||
| Q2 24 | $17.4B | $18.2B |
负债/权益比DINONOW
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $8.0M | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $-123.0M | $1.7B |
| 自由现金流率自由现金流/营收 | -1.9% | 44.2% |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | — | 3.56× |
| 过去12个月自由现金流最近4个季度 | $866.0M | $4.8B |
8季度趋势，按日历期对齐
经营现金流DINONOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $8.0M | $2.2B | ||
| Q3 25 | $809.0M | $813.0M | ||
| Q2 25 | $587.0M | $716.0M | ||
| Q1 25 | $-89.0M | $1.7B | ||
| Q4 24 | $-140.4M | $1.6B | ||
| Q3 24 | $707.6M | $671.0M | ||
| Q2 24 | $225.9M | $620.0M |
自由现金流DINONOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $-123.0M | $2.0B | ||
| Q3 25 | $688.0M | $578.0M | ||
| Q2 25 | $476.0M | $526.0M | ||
| Q1 25 | $-175.0M | $1.5B | ||
| Q4 24 | $-313.5M | $1.4B | ||
| Q3 24 | $584.0M | $469.0M | ||
| Q2 24 | $141.7M | $358.0M |
自由现金流率DINONOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | -1.9% | 56.1% | ||
| Q3 25 | 9.5% | 17.0% | ||
| Q2 25 | 7.0% | 16.4% | ||
| Q1 25 | -2.7% | 47.7% | ||
| Q4 24 | -4.8% | 46.7% | ||
| Q3 24 | 8.1% | 16.8% | ||
| Q2 24 | 1.8% | 13.6% |
资本支出强度DINONOW
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 6.7% | ||
| Q3 25 | 1.7% | 6.9% | ||
| Q2 25 | 1.6% | 5.9% | ||
| Q1 25 | 1.4% | 6.6% | ||
| Q4 24 | 2.7% | 8.6% | ||
| Q3 24 | 1.7% | 7.2% | ||
| Q2 24 | 1.1% | 10.0% |
现金转化率DINONOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | — | 5.58× | ||
| Q3 25 | 2.01× | 1.62× | ||
| Q2 25 | 2.82× | 1.86× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | 1.49× | 2.37× |
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
DINO
| Transportation Fuels | $5.0B | 77% |
| Lubricants And Specialties Segment | $586.0M | 9% |
| Lubricants And Specialty Products | $531.0M | 8% |
| Crude Oil | $213.0M | 3% |
| Renewables Segment | $163.0M | 3% |
| Midstream Segment | $35.0M | 1% |
| Transportation And Logistic Services | $34.0M | 1% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
