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哈里伯顿（HAL）与万事达卡（MA）财务数据对比。点击上方公司名可切换其他公司
万事达卡的季度营收约是哈里伯顿的1.6倍（$8.8B vs $5.4B），万事达卡净利率更高（46.1% vs 8.6%，领先37.5%），万事达卡同比增速更快（17.6% vs -4.5%），万事达卡自由现金流更多（$4.9B vs $123.0M），过去两年万事达卡的营收复合增速更高（17.8% vs -3.8%）
哈里伯顿是源自美国的跨国企业，为全球第二大油田服务提供商，承接了全球绝大多数水力压裂作业项目。公司在美国注册，设有休斯敦与迪拜双总部，业务覆盖全球主要油气开采市场。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
HAL vs MA — 直观对比
营收规模更大
MA
是对方的1.6倍
$5.4B
营收增速更快
MA
高出22.1%
-4.5%
净利率更高
MA
高出37.5%
8.6%
自由现金流更多
MA
多$4.8B
$123.0M
两年增速更快
MA
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $8.8B |
| 净利润 | $464.0M | $4.1B |
| 毛利率 | — | — |
| 营业利润率 | 12.6% | 55.8% |
| 净利率 | 8.6% | 46.1% |
| 营收同比 | -4.5% | 17.6% |
| 净利润同比 | -21.2% | 21.5% |
| 每股收益（稀释后） | $0.55 | $4.52 |
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HALMA
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.7B | $8.8B | ||
| Q3 25 | $5.6B | $8.6B | ||
| Q2 25 | $5.5B | $8.1B | ||
| Q1 25 | $5.4B | $7.3B | ||
| Q4 24 | $5.6B | $7.5B | ||
| Q3 24 | $5.7B | $7.4B | ||
| Q2 24 | $5.8B | $7.0B |
净利润HALMA
| Q1 26 | $464.0M | — | ||
| Q4 25 | $589.0M | $4.1B | ||
| Q3 25 | $18.0M | $3.9B | ||
| Q2 25 | $472.0M | $3.7B | ||
| Q1 25 | $204.0M | $3.3B | ||
| Q4 24 | $615.0M | $3.3B | ||
| Q3 24 | $571.0M | $3.3B | ||
| Q2 24 | $709.0M | $3.3B |
营业利润率HALMA
| Q1 26 | 12.6% | — | ||
| Q4 25 | 13.2% | 55.8% | ||
| Q3 25 | 6.4% | 58.8% | ||
| Q2 25 | 13.2% | 58.7% | ||
| Q1 25 | 8.0% | 57.2% | ||
| Q4 24 | 16.6% | 52.6% | ||
| Q3 24 | 15.3% | 54.3% | ||
| Q2 24 | 17.7% | 58.0% |
净利率HALMA
| Q1 26 | 8.6% | — | ||
| Q4 25 | 10.4% | 46.1% | ||
| Q3 25 | 0.3% | 45.7% | ||
| Q2 25 | 8.6% | 45.5% | ||
| Q1 25 | 3.8% | 45.2% | ||
| Q4 24 | 11.0% | 44.6% | ||
| Q3 24 | 10.0% | 44.3% | ||
| Q2 24 | 12.2% | 46.8% |
每股收益（稀释后）HALMA
| Q1 26 | $0.55 | — | ||
| Q4 25 | — | $4.52 | ||
| Q3 25 | $0.02 | $4.34 | ||
| Q2 25 | $0.55 | $4.07 | ||
| Q1 25 | $0.24 | $3.59 | ||
| Q4 24 | — | $3.64 | ||
| Q3 24 | $650000.00 | $3.53 | ||
| Q2 24 | $800000.00 | $3.50 |
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 | $2.0M | $10.6B |
| 总债务越低越好 | $7.2M | — |
| 股东权益账面价值 | $10.8M | $7.7B |
| 总资产 | $25.1M | $54.2B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资HALMA
| Q1 26 | $2.0M | — | ||
| Q4 25 | $2.2B | $10.6B | ||
| Q3 25 | $2.0B | $10.3B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $2.6B | $8.4B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $7.0B |
总债务HALMA
| Q1 26 | $7.2M | — | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.6B | — |
股东权益HALMA
| Q1 26 | $10.8M | — | ||
| Q4 25 | $10.5B | $7.7B | ||
| Q3 25 | $10.2B | $7.9B | ||
| Q2 25 | $10.5B | $7.9B | ||
| Q1 25 | $10.4B | $6.7B | ||
| Q4 24 | $10.5B | $6.5B | ||
| Q3 24 | $10.3B | $7.4B | ||
| Q2 24 | $10.0B | $7.4B |
总资产HALMA
| Q1 26 | $25.1M | — | ||
| Q4 25 | $25.0B | $54.2B | ||
| Q3 25 | $25.2B | $53.3B | ||
| Q2 25 | $25.4B | $51.4B | ||
| Q1 25 | $25.2B | $48.5B | ||
| Q4 24 | $25.6B | $48.1B | ||
| Q3 24 | $25.3B | $47.2B | ||
| Q2 24 | $25.2B | $42.3B |
负债/权益比HALMA
| Q1 26 | 0.66× | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.76× | — |
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 | — | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $123.0M | $4.9B |
| 自由现金流率自由现金流/营收 | 2.3% | 55.5% |
| 资本支出强度资本支出/营收 | 3.6% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $17.2B |
8季度趋势，按日历期对齐
经营现金流HALMA
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $488.0M | $5.7B | ||
| Q2 25 | $896.0M | $4.6B | ||
| Q1 25 | $377.0M | $2.4B | ||
| Q4 24 | $1.5B | $4.8B | ||
| Q3 24 | $841.0M | $5.1B | ||
| Q2 24 | $1.1B | $3.1B |
自由现金流HALMA
| Q1 26 | $123.0M | — | ||
| Q4 25 | $828.0M | $4.9B | ||
| Q3 25 | $227.0M | $5.5B | ||
| Q2 25 | $542.0M | $4.6B | ||
| Q1 25 | $75.0M | $2.2B | ||
| Q4 24 | $1.0B | $4.7B | ||
| Q3 24 | $502.0M | $5.0B | ||
| Q2 24 | $734.0M | $3.0B |
自由现金流率HALMA
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.6% | 55.5% | ||
| Q3 25 | 4.1% | 63.8% | ||
| Q2 25 | 9.8% | 56.1% | ||
| Q1 25 | 1.4% | 30.6% | ||
| Q4 24 | 18.4% | 63.3% | ||
| Q3 24 | 8.8% | 68.2% | ||
| Q2 24 | 12.6% | 43.4% |
资本支出强度HALMA
| Q1 26 | 3.6% | — | ||
| Q4 25 | 6.0% | 1.3% | ||
| Q3 25 | 4.7% | 2.1% | ||
| Q2 25 | 6.4% | 0.5% | ||
| Q1 25 | 5.6% | 2.2% | ||
| Q4 24 | 7.6% | 1.3% | ||
| Q3 24 | 6.0% | 1.5% | ||
| Q2 24 | 5.9% | 1.7% |
现金转化率HALMA
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 1.23× | ||
| Q3 25 | 27.11× | 1.44× | ||
| Q2 25 | 1.90× | 1.24× | ||
| Q1 25 | 1.85× | 0.73× | ||
| Q4 24 | 2.37× | 1.45× | ||
| Q3 24 | 1.47× | 1.57× | ||
| Q2 24 | 1.52× | 0.96× |
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
HAL
| Completion and Production | $3.0B | 56% |
| Middle East/Asia | $1.3B | 24% |
| Europe/Africa/CIS | $858.0M | 16% |
| Other | $210.0M | 4% |
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
