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自由港麦克莫兰（FCX）与亨廷顿·英格尔斯工业（HII）财务数据对比。点击上方公司名可切换其他公司
自由港麦克莫兰的季度营收约是亨廷顿·英格尔斯工业的1.5倍（$5.3B vs $3.5B），自由港麦克莫兰净利率更高（10.7% vs 4.6%，领先6.2%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs -10.4%），亨廷顿·英格尔斯工业自由现金流更多（$516.0M vs $-312.0M），过去两年亨廷顿·英格尔斯工业的营收复合增速更高（11.3% vs -7.9%）
自由港麦克莫兰是总部位于美国亚利桑那州凤凰城的矿业企业，是全球最大的钼生产商、主要铜生产商之一，运营着坐落于印度尼西亚巴布亚省的世界最大金矿格拉斯伯格矿。
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
FCX vs HII — 直观对比
营收规模更大
FCX
是对方的1.5倍
$3.5B
营收增速更快
HII
高出26.1%
-10.4%
净利率更高
FCX
高出6.2%
4.6%
自由现金流更多
HII
多$828.0M
$-312.0M
两年增速更快
HII
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $3.5B |
| 净利润 | $565.0M | $159.0M |
| 毛利率 | 12.4% | — |
| 营业利润率 | 15.4% | 4.9% |
| 净利率 | 10.7% | 4.6% |
| 营收同比 | -10.4% | 15.7% |
| 净利润同比 | -21.6% | 29.3% |
| 每股收益（稀释后） | — | $4.06 |
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FCXHII
| Q4 25 | $5.3B | $3.5B | ||
| Q3 25 | $6.8B | $3.2B | ||
| Q2 25 | $7.5B | $3.1B | ||
| Q1 25 | $5.6B | $2.7B | ||
| Q4 24 | $5.9B | $3.0B | ||
| Q3 24 | $6.7B | $2.7B | ||
| Q2 24 | $6.4B | $3.0B | ||
| Q1 24 | $6.2B | $2.8B |
净利润FCXHII
| Q4 25 | $565.0M | $159.0M | ||
| Q3 25 | $1.2B | $145.0M | ||
| Q2 25 | $1.5B | $152.0M | ||
| Q1 25 | $793.0M | $149.0M | ||
| Q4 24 | $721.0M | $123.0M | ||
| Q3 24 | $1.2B | $101.0M | ||
| Q2 24 | $1.3B | $173.0M | ||
| Q1 24 | $1.2B | $153.0M |
毛利率FCXHII
| Q4 25 | 12.4% | — | ||
| Q3 25 | 29.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 24.3% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | 31.5% | — | ||
| Q1 24 | 28.5% | — |
营业利润率FCXHII
| Q4 25 | 15.4% | 4.9% | ||
| Q3 25 | 28.9% | 5.0% | ||
| Q2 25 | 32.3% | 5.3% | ||
| Q1 25 | 23.4% | 5.9% | ||
| Q4 24 | 21.1% | 3.7% | ||
| Q3 24 | 29.0% | 3.0% | ||
| Q2 24 | 32.0% | 6.3% | ||
| Q1 24 | 26.3% | 5.5% |
净利率FCXHII
| Q4 25 | 10.7% | 4.6% | ||
| Q3 25 | 18.3% | 4.5% | ||
| Q2 25 | 20.6% | 4.9% | ||
| Q1 25 | 14.2% | 5.4% | ||
| Q4 24 | 12.3% | 4.1% | ||
| Q3 24 | 18.5% | 3.7% | ||
| Q2 24 | 20.0% | 5.8% | ||
| Q1 24 | 18.7% | 5.5% |
每股收益（稀释后）FCXHII
| Q4 25 | — | $4.06 | ||
| Q3 25 | $0.46 | $3.68 | ||
| Q2 25 | $0.53 | $3.86 | ||
| Q1 25 | $0.24 | $3.79 | ||
| Q4 24 | — | $3.15 | ||
| Q3 24 | $0.36 | $2.56 | ||
| Q2 24 | $0.42 | $4.38 | ||
| Q1 24 | $0.32 | $3.87 |
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 | $3.8B | — |
| 总债务越低越好 | $9.4B | $2.7B |
| 股东权益账面价值 | $18.9B | $5.1B |
| 总资产 | $58.2B | $12.7B |
| 负债/权益比越低杠杆越低 | 0.50× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资FCXHII
| Q4 25 | $3.8B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $5.2B | $10.0M |
总债务FCXHII
| Q4 25 | $9.4B | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $9.4B | — | ||
| Q4 24 | $8.9B | $2.7B | ||
| Q3 24 | $9.7B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.4B | — |
股东权益FCXHII
| Q4 25 | $18.9B | $5.1B | ||
| Q3 25 | $18.7B | $5.0B | ||
| Q2 25 | $18.2B | $4.9B | ||
| Q1 25 | $17.7B | $4.8B | ||
| Q4 24 | $17.6B | $4.7B | ||
| Q3 24 | $17.5B | $4.2B | ||
| Q2 24 | $17.4B | $4.2B | ||
| Q1 24 | $17.0B | $4.1B |
总资产FCXHII
| Q4 25 | $58.2B | $12.7B | ||
| Q3 25 | $56.8B | $12.3B | ||
| Q2 25 | $56.5B | $12.1B | ||
| Q1 25 | $56.0B | $12.1B | ||
| Q4 24 | $54.8B | $12.1B | ||
| Q3 24 | $55.4B | $11.1B | ||
| Q2 24 | $54.6B | $11.3B | ||
| Q1 24 | $54.2B | $11.2B |
负债/权益比FCXHII
| Q4 25 | 0.50× | 0.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.51× | 0.58× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | 0.56× | — |
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 | $693.0M | $650.0M |
| 自由现金流经营现金流 - 资本支出 | $-312.0M | $516.0M |
| 自由现金流率自由现金流/营收 | -5.9% | 14.8% |
| 资本支出强度资本支出/营收 | 19.1% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.23× | 4.09× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $794.0M |
8季度趋势，按日历期对齐
经营现金流FCXHII
| Q4 25 | $693.0M | $650.0M | ||
| Q3 25 | $1.7B | $118.0M | ||
| Q2 25 | $2.2B | $823.0M | ||
| Q1 25 | $1.1B | $-395.0M | ||
| Q4 24 | $1.4B | $391.0M | ||
| Q3 24 | $1.9B | $213.0M | ||
| Q2 24 | $2.0B | $-9.0M | ||
| Q1 24 | $1.9B | $-202.0M |
自由现金流FCXHII
| Q4 25 | $-312.0M | $516.0M | ||
| Q3 25 | $608.0M | $13.0M | ||
| Q2 25 | $934.0M | $727.0M | ||
| Q1 25 | $-114.0M | $-462.0M | ||
| Q4 24 | $197.0M | $277.0M | ||
| Q3 24 | $673.0M | $125.0M | ||
| Q2 24 | $840.0M | $-99.0M | ||
| Q1 24 | $642.0M | $-277.0M |
自由现金流率FCXHII
| Q4 25 | -5.9% | 14.8% | ||
| Q3 25 | 8.9% | 0.4% | ||
| Q2 25 | 12.4% | 23.6% | ||
| Q1 25 | -2.0% | -16.9% | ||
| Q4 24 | 3.4% | 9.2% | ||
| Q3 24 | 10.1% | 4.5% | ||
| Q2 24 | 13.1% | -3.3% | ||
| Q1 24 | 10.3% | -9.9% |
资本支出强度FCXHII
| Q4 25 | 19.1% | 3.9% | ||
| Q3 25 | 15.5% | 3.3% | ||
| Q2 25 | 16.8% | 3.1% | ||
| Q1 25 | 21.0% | 2.5% | ||
| Q4 24 | 21.1% | 3.8% | ||
| Q3 24 | 17.9% | 3.2% | ||
| Q2 24 | 17.4% | 3.0% | ||
| Q1 24 | 20.2% | 2.7% |
现金转化率FCXHII
| Q4 25 | 1.23× | 4.09× | ||
| Q3 25 | 1.33× | 0.81× | ||
| Q2 25 | 1.42× | 5.41× | ||
| Q1 25 | 1.33× | -2.65× | ||
| Q4 24 | 1.99× | 3.18× | ||
| Q3 24 | 1.51× | 2.11× | ||
| Q2 24 | 1.53× | -0.05× | ||
| Q1 24 | 1.63× | -1.32× |
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
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
