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哈里伯顿（HAL）与SHOPIFY INC.（SHOP）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SHOPIFY INC.的1.5倍（$5.4B vs $3.7B），SHOPIFY INC.净利率更高（20.2% vs 8.6%，领先11.6%），SHOPIFY INC.同比增速更快（30.6% vs -4.5%），SHOPIFY INC.自由现金流更多（$715.0M vs $123.0M），过去两年SHOPIFY INC.的营收复合增速更高（40.5% 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。
Shopify是总部位于加拿大安大略省渥太华的跨国电商企业，运营零售POS系统及相关服务平台，全球客户超500万，2024年总交易处理额达2923亿美元，其中57%来自美国市场，服务客户包括特斯拉、路威酩轩、雀巢、百事、百威英博、红牛、凯悦等知名品牌。
HAL vs SHOP — 直观对比
营收规模更大
HAL
是对方的1.5倍
$3.7B
营收增速更快
SHOP
高出35.1%
-4.5%
净利率更高
SHOP
高出11.6%
8.6%
自由现金流更多
SHOP
多$592.0M
$123.0M
两年增速更快
SHOP
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.7B |
| 净利润 | $464.0M | $743.0M |
| 毛利率 | — | 46.1% |
| 营业利润率 | 12.6% | 17.2% |
| 净利率 | 8.6% | 20.2% |
| 营收同比 | -4.5% | 30.6% |
| 净利润同比 | -21.2% | -42.5% |
| 每股收益（稀释后） | $0.55 | $0.58 |
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HALSHOP
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.7B | $3.7B | ||
| Q3 25 | $5.6B | $2.8B | ||
| Q2 25 | $5.5B | $2.7B | ||
| Q1 25 | $5.4B | $2.4B | ||
| Q4 24 | $5.6B | $2.8B | ||
| Q3 24 | $5.7B | $2.2B | ||
| Q2 24 | $5.8B | $2.0B |
净利润HALSHOP
| Q1 26 | $464.0M | — | ||
| Q4 25 | $589.0M | $743.0M | ||
| Q3 25 | $18.0M | $264.0M | ||
| Q2 25 | $472.0M | $906.0M | ||
| Q1 25 | $204.0M | $-682.0M | ||
| Q4 24 | $615.0M | $1.3B | ||
| Q3 24 | $571.0M | $828.0M | ||
| Q2 24 | $709.0M | $171.0M |
毛利率HALSHOP
| Q1 26 | — | — | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 48.9% | ||
| Q2 25 | — | 48.6% | ||
| Q1 25 | — | 49.5% | ||
| Q4 24 | — | 48.1% | ||
| Q3 24 | — | 51.7% | ||
| Q2 24 | — | 51.1% |
营业利润率HALSHOP
| Q1 26 | 12.6% | — | ||
| Q4 25 | 13.2% | 17.2% | ||
| Q3 25 | 6.4% | 12.1% | ||
| Q2 25 | 13.2% | 10.9% | ||
| Q1 25 | 8.0% | 8.6% | ||
| Q4 24 | 16.6% | 16.5% | ||
| Q3 24 | 15.3% | 13.1% | ||
| Q2 24 | 17.7% | 11.8% |
净利率HALSHOP
| Q1 26 | 8.6% | — | ||
| Q4 25 | 10.4% | 20.2% | ||
| Q3 25 | 0.3% | 9.3% | ||
| Q2 25 | 8.6% | 33.8% | ||
| Q1 25 | 3.8% | -28.9% | ||
| Q4 24 | 11.0% | 46.0% | ||
| Q3 24 | 10.0% | 38.3% | ||
| Q2 24 | 12.2% | 8.4% |
每股收益（稀释后）HALSHOP
| Q1 26 | $0.55 | — | ||
| Q4 25 | — | $0.58 | ||
| Q3 25 | $0.02 | $0.20 | ||
| Q2 25 | $0.55 | $0.69 | ||
| Q1 25 | $0.24 | $-0.53 | ||
| Q4 24 | — | $0.99 | ||
| Q3 24 | $650000.00 | $0.64 | ||
| Q2 24 | $800000.00 | $0.13 |
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 | $5.8B |
| 总债务越低越好 | $7.2M | — |
| 股东权益账面价值 | $10.8M | $13.5B |
| 总资产 | $25.1M | $15.2B |
| 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HALSHOP
| Q1 26 | $2.0M | — | ||
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.0B | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | $2.6B | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务HALSHOP
| 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HALSHOP
| Q1 26 | $10.8M | — | ||
| Q4 25 | $10.5B | $13.5B | ||
| Q3 25 | $10.2B | $12.5B | ||
| Q2 25 | $10.5B | $12.1B | ||
| Q1 25 | $10.4B | $11.1B | ||
| Q4 24 | $10.5B | $11.6B | ||
| Q3 24 | $10.3B | $10.1B | ||
| Q2 24 | $10.0B | $9.2B |
总资产HALSHOP
| Q1 26 | $25.1M | — | ||
| Q4 25 | $25.0B | $15.2B | ||
| Q3 25 | $25.2B | $15.0B | ||
| Q2 25 | $25.4B | $14.6B | ||
| Q1 25 | $25.2B | $13.4B | ||
| Q4 24 | $25.6B | $13.9B | ||
| Q3 24 | $25.3B | — | ||
| Q2 24 | $25.2B | — |
负债/权益比HALSHOP
| 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 | — | $725.0M |
| 自由现金流经营现金流 - 资本支出 | $123.0M | $715.0M |
| 自由现金流率自由现金流/营收 | 2.3% | 19.5% |
| 资本支出强度资本支出/营收 | 3.6% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.98× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $2.0B |
8季度趋势，按日历期对齐
经营现金流HALSHOP
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $725.0M | ||
| Q3 25 | $488.0M | $513.0M | ||
| Q2 25 | $896.0M | $428.0M | ||
| Q1 25 | $377.0M | $367.0M | ||
| Q4 24 | $1.5B | $615.0M | ||
| Q3 24 | $841.0M | $423.0M | ||
| Q2 24 | $1.1B | $340.0M |
自由现金流HALSHOP
| Q1 26 | $123.0M | — | ||
| Q4 25 | $828.0M | $715.0M | ||
| Q3 25 | $227.0M | $507.0M | ||
| Q2 25 | $542.0M | $422.0M | ||
| Q1 25 | $75.0M | $363.0M | ||
| Q4 24 | $1.0B | $611.0M | ||
| Q3 24 | $502.0M | $421.0M | ||
| Q2 24 | $734.0M | $333.0M |
自由现金流率HALSHOP
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.6% | 19.5% | ||
| Q3 25 | 4.1% | 17.8% | ||
| Q2 25 | 9.8% | 15.7% | ||
| Q1 25 | 1.4% | 15.4% | ||
| Q4 24 | 18.4% | 21.7% | ||
| Q3 24 | 8.8% | 19.5% | ||
| Q2 24 | 12.6% | 16.3% |
资本支出强度HALSHOP
| Q1 26 | 3.6% | — | ||
| Q4 25 | 6.0% | 0.3% | ||
| Q3 25 | 4.7% | 0.2% | ||
| Q2 25 | 6.4% | 0.2% | ||
| Q1 25 | 5.6% | 0.2% | ||
| Q4 24 | 7.6% | 0.1% | ||
| Q3 24 | 6.0% | 0.1% | ||
| Q2 24 | 5.9% | 0.3% |
现金转化率HALSHOP
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 0.98× | ||
| Q3 25 | 27.11× | 1.94× | ||
| Q2 25 | 1.90× | 0.47× | ||
| Q1 25 | 1.85× | — | ||
| Q4 24 | 2.37× | 0.48× | ||
| Q3 24 | 1.47× | 0.51× | ||
| Q2 24 | 1.52× | 1.99× |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
