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哈里伯顿（HAL）与派克汉尼汾（PH）财务数据对比。点击上方公司名可切换其他公司
哈里伯顿的季度营收约是派克汉尼汾的1.0倍（$5.4B vs $5.2B），派克汉尼汾同比增速更快（9.1% vs -4.5%），派克汉尼汾自由现金流更多（$768.0M vs $123.0M），过去两年派克汉尼汾的营收复合增速更高（1.0% 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。
派克汉尼汾（常简称为派克）是一家专注于运动与控制技术的美国企业，前身为派克电器公司，总部坐落于俄亥俄州大克利夫兰都市区的梅菲尔德高地，其技术及产品广泛应用于工业制造、航空航天等多个核心领域。
HAL vs PH — 直观对比
营收规模更大
HAL
是对方的1.0倍
$5.2B
营收增速更快
PH
高出13.6%
-4.5%
自由现金流更多
PH
多$645.0M
$123.0M
两年增速更快
PH
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $5.2B |
| 净利润 | $464.0M | — |
| 毛利率 | — | 37.3% |
| 营业利润率 | 12.6% | 22.8% |
| 净利率 | 8.6% | — |
| 营收同比 | -4.5% | 9.1% |
| 净利润同比 | -21.2% | — |
| 每股收益（稀释后） | $0.55 | $6.60 |
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HALPH
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.7B | $5.2B | ||
| Q3 25 | $5.6B | $5.1B | ||
| Q2 25 | $5.5B | $5.2B | ||
| Q1 25 | $5.4B | $5.0B | ||
| Q4 24 | $5.6B | $4.7B | ||
| Q3 24 | $5.7B | $4.9B | ||
| Q2 24 | $5.8B | $5.2B |
净利润HALPH
| Q1 26 | $464.0M | — | ||
| Q4 25 | $589.0M | — | ||
| Q3 25 | $18.0M | — | ||
| Q2 25 | $472.0M | $923.6M | ||
| Q1 25 | $204.0M | $961.2M | ||
| Q4 24 | $615.0M | $948.6M | ||
| Q3 24 | $571.0M | $698.5M | ||
| Q2 24 | $709.0M | $785.1M |
毛利率HALPH
| Q1 26 | — | — | ||
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 37.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 36.3% | ||
| Q3 24 | — | 36.8% | ||
| Q2 24 | — | 35.9% |
营业利润率HALPH
| Q1 26 | 12.6% | — | ||
| Q4 25 | 13.2% | 22.8% | ||
| Q3 25 | 6.4% | 23.3% | ||
| Q2 25 | 13.2% | 22.7% | ||
| Q1 25 | 8.0% | 22.3% | ||
| Q4 24 | 16.6% | 20.9% | ||
| Q3 24 | 15.3% | 21.6% | ||
| Q2 24 | 17.7% | 21.1% |
净利率HALPH
| Q1 26 | 8.6% | — | ||
| Q4 25 | 10.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 8.6% | 17.6% | ||
| Q1 25 | 3.8% | 19.4% | ||
| Q4 24 | 11.0% | 20.0% | ||
| Q3 24 | 10.0% | 14.2% | ||
| Q2 24 | 12.2% | 15.1% |
每股收益（稀释后）HALPH
| Q1 26 | $0.55 | — | ||
| Q4 25 | — | $6.60 | ||
| Q3 25 | $0.02 | $6.29 | ||
| Q2 25 | $0.55 | $7.16 | ||
| Q1 25 | $0.24 | $7.37 | ||
| Q4 24 | — | $7.25 | ||
| Q3 24 | $650000.00 | $5.34 | ||
| Q2 24 | $800000.00 | $6.06 |
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 | $427.0M |
| 总债务越低越好 | $7.2M | $7.5B |
| 股东权益账面价值 | $10.8M | $14.3B |
| 总资产 | $25.1M | $30.5B |
| 负债/权益比越低杠杆越低 | 0.66× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资HALPH
| Q1 26 | $2.0M | — | ||
| Q4 25 | $2.2B | $427.0M | ||
| Q3 25 | $2.0B | $473.0M | ||
| Q2 25 | — | $467.0M | ||
| Q1 25 | — | $408.7M | ||
| Q4 24 | $2.6B | $395.5M | ||
| Q3 24 | — | $371.1M | ||
| Q2 24 | — | $422.0M |
总债务HALPH
| Q1 26 | $7.2M | — | ||
| Q4 25 | $7.2B | $7.5B | ||
| Q3 25 | $7.2B | $7.5B | ||
| Q2 25 | $7.2B | $7.5B | ||
| Q1 25 | $7.2B | $7.4B | ||
| Q4 24 | $7.2B | $6.7B | ||
| Q3 24 | $7.6B | $6.7B | ||
| Q2 24 | $7.6B | $7.2B |
股东权益HALPH
| Q1 26 | $10.8M | — | ||
| Q4 25 | $10.5B | $14.3B | ||
| Q3 25 | $10.2B | $13.8B | ||
| Q2 25 | $10.5B | $13.7B | ||
| Q1 25 | $10.4B | $13.4B | ||
| Q4 24 | $10.5B | $13.1B | ||
| Q3 24 | $10.3B | $12.9B | ||
| Q2 24 | $10.0B | $12.1B |
总资产HALPH
| Q1 26 | $25.1M | — | ||
| Q4 25 | $25.0B | $30.5B | ||
| Q3 25 | $25.2B | $30.7B | ||
| Q2 25 | $25.4B | $29.5B | ||
| Q1 25 | $25.2B | $28.9B | ||
| Q4 24 | $25.6B | $28.3B | ||
| Q3 24 | $25.3B | $29.6B | ||
| Q2 24 | $25.2B | $29.3B |
负债/权益比HALPH
| Q1 26 | 0.66× | — | ||
| Q4 25 | 0.68× | 0.52× | ||
| Q3 25 | 0.70× | 0.54× | ||
| Q2 25 | 0.68× | 0.55× | ||
| Q1 25 | 0.69× | 0.55× | ||
| Q4 24 | 0.68× | 0.51× | ||
| Q3 24 | 0.74× | 0.52× | ||
| Q2 24 | 0.76× | 0.59× |
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 | — | $862.0M |
| 自由现金流经营现金流 - 资本支出 | $123.0M | $768.0M |
| 自由现金流率自由现金流/营收 | 2.3% | 14.8% |
| 资本支出强度资本支出/营收 | 3.6% | 1.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | $3.3B |
8季度趋势，按日历期对齐
经营现金流HALPH
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $862.0M | ||
| Q3 25 | $488.0M | $782.0M | ||
| Q2 25 | $896.0M | $1.5B | ||
| Q1 25 | $377.0M | $630.0M | ||
| Q4 24 | $1.5B | $934.8M | ||
| Q3 24 | $841.0M | $744.0M | ||
| Q2 24 | $1.1B | $1.2B |
自由现金流HALPH
| Q1 26 | $123.0M | — | ||
| Q4 25 | $828.0M | $768.0M | ||
| Q3 25 | $227.0M | $693.0M | ||
| Q2 25 | $542.0M | $1.3B | ||
| Q1 25 | $75.0M | $542.4M | ||
| Q4 24 | $1.0B | $813.6M | ||
| Q3 24 | $502.0M | $648.7M | ||
| Q2 24 | $734.0M | $1.1B |
自由现金流率HALPH
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.6% | 14.8% | ||
| Q3 25 | 4.1% | 13.6% | ||
| Q2 25 | 9.8% | 25.5% | ||
| Q1 25 | 1.4% | 10.9% | ||
| Q4 24 | 18.4% | 17.2% | ||
| Q3 24 | 8.8% | 13.2% | ||
| Q2 24 | 12.6% | 21.6% |
资本支出强度HALPH
| Q1 26 | 3.6% | — | ||
| Q4 25 | 6.0% | 1.8% | ||
| Q3 25 | 4.7% | 1.8% | ||
| Q2 25 | 6.4% | 2.5% | ||
| Q1 25 | 5.6% | 1.8% | ||
| Q4 24 | 7.6% | 2.6% | ||
| Q3 24 | 6.0% | 1.9% | ||
| Q2 24 | 5.9% | 2.3% |
现金转化率HALPH
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | — | ||
| Q3 25 | 27.11× | — | ||
| Q2 25 | 1.90× | 1.59× | ||
| Q1 25 | 1.85× | 0.66× | ||
| Q4 24 | 2.37× | 0.99× | ||
| Q3 24 | 1.47× | 1.07× | ||
| Q2 24 | 1.52× | 1.58× |
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% |
PH
| Filtration And Engineered Materials | $1.5B | 28% |
| Other | $1.1B | 22% |
| Motion Systems | $893.0M | 17% |
| Commercial Aftermarket | $619.0M | 12% |
| Commercial Original Equipment Manufacturer | $561.0M | 11% |
| Defense Original Equipment Manufacturer | $305.0M | 6% |
| Defense Aftermarket | $221.0M | 4% |
