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第一太阳能（FSLR）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
亨廷顿·英格尔斯工业的季度营收约是第一太阳能的1.6倍（$1.7B vs $1.0B），第一太阳能净利率更高（33.2% vs 8.9%，领先24.2%），第一太阳能同比增速更快（23.6% vs 13.8%），过去两年第一太阳能的营收复合增速更高（1.7% vs -25.2%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
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。
FSLR vs HII — 直观对比
营收规模更大
HII
是对方的1.6倍
$1.0B
营收增速更快
FSLR
高出9.8%
13.8%
净利率更高
FSLR
高出24.2%
8.9%
两年增速更快
FSLR
近两年复合增速
-25.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.7B |
| 净利润 | $346.6M | $149.0M |
| 毛利率 | 46.6% | — |
| 营业利润率 | 33.1% | 9.3% |
| 净利率 | 33.2% | 8.9% |
| 营收同比 | 23.6% | 13.8% |
| 净利润同比 | 65.4% | — |
| 每股收益（稀释后） | $3.22 | $3.79 |
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FSLRHII
| Q1 26 | $1.0B | $1.7B | ||
| Q4 25 | $1.7B | $3.5B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $844.6M | $2.7B | ||
| Q4 24 | $1.5B | $3.0B | ||
| Q3 24 | $887.7M | $2.7B | ||
| Q2 24 | $1.0B | $3.0B |
净利润FSLRHII
| Q1 26 | $346.6M | $149.0M | ||
| Q4 25 | $520.9M | $159.0M | ||
| Q3 25 | $455.9M | $145.0M | ||
| Q2 25 | $341.9M | $152.0M | ||
| Q1 25 | $209.5M | $149.0M | ||
| Q4 24 | $393.1M | $123.0M | ||
| Q3 24 | $313.0M | $101.0M | ||
| Q2 24 | $349.4M | $173.0M |
毛利率FSLRHII
| Q1 26 | 46.6% | — | ||
| Q4 25 | 39.5% | — | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 50.2% | — | ||
| Q2 24 | 49.4% | — |
营业利润率FSLRHII
| Q1 26 | 33.1% | 9.3% | ||
| Q4 25 | 32.6% | 4.9% | ||
| Q3 25 | 29.2% | 5.0% | ||
| Q2 25 | 33.0% | 5.3% | ||
| Q1 25 | 26.2% | 5.9% | ||
| Q4 24 | 30.2% | 3.7% | ||
| Q3 24 | 36.3% | 3.0% | ||
| Q2 24 | 36.9% | 6.3% |
净利率FSLRHII
| Q1 26 | 33.2% | 8.9% | ||
| Q4 25 | 31.0% | 4.6% | ||
| Q3 25 | 28.6% | 4.5% | ||
| Q2 25 | 31.2% | 4.9% | ||
| Q1 25 | 24.8% | 5.4% | ||
| Q4 24 | 26.0% | 4.1% | ||
| Q3 24 | 35.3% | 3.7% | ||
| Q2 24 | 34.6% | 5.8% |
每股收益（稀释后）FSLRHII
| Q1 26 | $3.22 | $3.79 | ||
| Q4 25 | $4.84 | $4.06 | ||
| Q3 25 | $4.24 | $3.68 | ||
| Q2 25 | $3.18 | $3.86 | ||
| Q1 25 | $1.95 | $3.79 | ||
| Q4 24 | $3.66 | $3.15 | ||
| Q3 24 | $2.91 | $2.56 | ||
| Q2 24 | $3.25 | $4.38 |
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 | $2.4B | $216.0M |
| 总债务越低越好 | $425.8M | $2.7B |
| 股东权益账面价值 | $9.9B | $5.1B |
| 总资产 | $13.4B | $12.5B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资FSLRHII
| Q1 26 | $2.4B | $216.0M | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $837.6M | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.7B | — |
总债务FSLRHII
| Q1 26 | $425.8M | $2.7B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FSLRHII
| Q1 26 | $9.9B | $5.1B | ||
| Q4 25 | $9.5B | $5.1B | ||
| Q3 25 | $9.0B | $5.0B | ||
| Q2 25 | $8.5B | $4.9B | ||
| Q1 25 | $8.2B | $4.8B | ||
| Q4 24 | $8.0B | $4.7B | ||
| Q3 24 | $7.6B | $4.2B | ||
| Q2 24 | $7.3B | $4.2B |
总资产FSLRHII
| Q1 26 | $13.4B | $12.5B | ||
| Q4 25 | $13.3B | $12.7B | ||
| Q3 25 | $13.5B | $12.3B | ||
| Q2 25 | $12.9B | $12.1B | ||
| Q1 25 | $12.1B | $12.1B | ||
| Q4 24 | $12.1B | $12.1B | ||
| Q3 24 | $11.4B | $11.1B | ||
| Q2 24 | $11.0B | $11.3B |
负债/权益比FSLRHII
| Q1 26 | 0.04× | 0.52× | ||
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | $-214.9M | $-390.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-461.0M |
| 自由现金流率自由现金流/营收 | — | -27.7% |
| 资本支出强度资本支出/营收 | — | 4.4% |
| 现金转化率经营现金流/净利润 | -0.62× | -2.62× |
| 过去12个月自由现金流最近4个季度 | — | $795.0M |
8季度趋势，按日历期对齐
经营现金流FSLRHII
| Q1 26 | $-214.9M | $-390.0M | ||
| Q4 25 | $1.2B | $650.0M | ||
| Q3 25 | $1.3B | $118.0M | ||
| Q2 25 | $149.6M | $823.0M | ||
| Q1 25 | $-608.0M | $-395.0M | ||
| Q4 24 | $811.0M | $391.0M | ||
| Q3 24 | $-53.7M | $213.0M | ||
| Q2 24 | $193.0M | $-9.0M |
自由现金流FSLRHII
| Q1 26 | — | $-461.0M | ||
| Q4 25 | $1.1B | $516.0M | ||
| Q3 25 | $1.1B | $13.0M | ||
| Q2 25 | $-138.6M | $727.0M | ||
| Q1 25 | $-813.9M | $-462.0M | ||
| Q4 24 | $497.5M | $277.0M | ||
| Q3 24 | $-487.7M | $125.0M | ||
| Q2 24 | $-172.1M | $-99.0M |
自由现金流率FSLRHII
| Q1 26 | — | -27.7% | ||
| Q4 25 | 63.6% | 14.8% | ||
| Q3 25 | 67.1% | 0.4% | ||
| Q2 25 | -12.6% | 23.6% | ||
| Q1 25 | -96.4% | -16.9% | ||
| Q4 24 | 32.9% | 9.2% | ||
| Q3 24 | -54.9% | 4.5% | ||
| Q2 24 | -17.0% | -3.3% |
资本支出强度FSLRHII
| Q1 26 | — | 4.4% | ||
| Q4 25 | 10.2% | 3.9% | ||
| Q3 25 | 12.8% | 3.3% | ||
| Q2 25 | 26.3% | 3.1% | ||
| Q1 25 | 24.4% | 2.5% | ||
| Q4 24 | 20.7% | 3.8% | ||
| Q3 24 | 48.9% | 3.2% | ||
| Q2 24 | 36.1% | 3.0% |
现金转化率FSLRHII
| Q1 26 | -0.62× | -2.62× | ||
| Q4 25 | 2.38× | 4.09× | ||
| Q3 25 | 2.79× | 0.81× | ||
| Q2 25 | 0.44× | 5.41× | ||
| Q1 25 | -2.90× | -2.65× | ||
| Q4 24 | 2.06× | 3.18× | ||
| Q3 24 | -0.17× | 2.11× | ||
| Q2 24 | 0.55× | -0.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
