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哈里伯顿（HAL）与Williams Companies（WMB）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Williams Companies的1.4倍（$5.4B vs $3.8B），Williams Companies净利率更高（19.1% vs 8.6%，领先10.5%），Williams Companies同比增速更快（12.7% vs -4.5%），哈里伯顿自由现金流更多（$123.0M vs $-379.0M），过去两年Williams Companies的营收复合增速更高（7.3% 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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
HAL vs WMB — 直观对比
营收规模更大
HAL
是对方的1.4倍
$3.8B
营收增速更快
WMB
高出17.2%
-4.5%
净利率更高
WMB
高出10.5%
8.6%
自由现金流更多
HAL
多$502.0M
$-379.0M
两年增速更快
WMB
近两年复合增速
-3.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.8B |
| 净利润 | $464.0M | $734.0M |
| 毛利率 | — | — |
| 营业利润率 | 12.6% | 27.3% |
| 净利率 | 8.6% | 19.1% |
| 营收同比 | -4.5% | 12.7% |
| 净利润同比 | -21.2% | 51.0% |
| 每股收益（稀释后） | $0.55 | $0.60 |
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HALWMB
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.7B | $3.8B | ||
| Q3 25 | $5.6B | $3.5B | ||
| Q2 25 | $5.5B | $3.4B | ||
| Q1 25 | $5.4B | $4.2B | ||
| Q4 24 | $5.6B | $3.4B | ||
| Q3 24 | $5.7B | $3.0B | ||
| Q2 24 | $5.8B | $2.8B |
净利润HALWMB
| Q1 26 | $464.0M | — | ||
| Q4 25 | $589.0M | $734.0M | ||
| Q3 25 | $18.0M | $647.0M | ||
| Q2 25 | $472.0M | $546.0M | ||
| Q1 25 | $204.0M | $691.0M | ||
| Q4 24 | $615.0M | $486.0M | ||
| Q3 24 | $571.0M | $706.0M | ||
| Q2 24 | $709.0M | $401.0M |
营业利润率HALWMB
| Q1 26 | 12.6% | — | ||
| Q4 25 | 13.2% | 27.3% | ||
| Q3 25 | 6.4% | 31.8% | ||
| Q2 25 | 13.2% | 28.0% | ||
| Q1 25 | 8.0% | 26.1% | ||
| Q4 24 | 16.6% | 23.2% | ||
| Q3 24 | 15.3% | 27.6% | ||
| Q2 24 | 17.7% | 24.4% |
净利率HALWMB
| Q1 26 | 8.6% | — | ||
| Q4 25 | 10.4% | 19.1% | ||
| Q3 25 | 0.3% | 18.5% | ||
| Q2 25 | 8.6% | 16.2% | ||
| Q1 25 | 3.8% | 16.5% | ||
| Q4 24 | 11.0% | 14.2% | ||
| Q3 24 | 10.0% | 23.3% | ||
| Q2 24 | 12.2% | 14.1% |
每股收益（稀释后）HALWMB
| Q1 26 | $0.55 | — | ||
| Q4 25 | — | $0.60 | ||
| Q3 25 | $0.02 | $0.53 | ||
| Q2 25 | $0.55 | $0.45 | ||
| Q1 25 | $0.24 | $0.56 | ||
| Q4 24 | — | $0.39 | ||
| Q3 24 | $650000.00 | $0.58 | ||
| Q2 24 | $800000.00 | $0.33 |
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 | — |
| 总债务越低越好 | $7.2M | $27.3B |
| 股东权益账面价值 | $10.8M | $12.8B |
| 总资产 | $25.1M | $58.6B |
| 负债/权益比越低杠杆越低 | 0.66× | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资HALWMB
| Q1 26 | $2.0M | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务HALWMB
| Q1 26 | $7.2M | — | ||
| Q4 25 | $7.2B | $27.3B | ||
| Q3 25 | $7.2B | $25.6B | ||
| Q2 25 | $7.2B | $25.6B | ||
| Q1 25 | $7.2B | $24.1B | ||
| Q4 24 | $7.2B | $24.7B | ||
| Q3 24 | $7.6B | $24.8B | ||
| Q2 24 | $7.6B | $24.1B |
股东权益HALWMB
| Q1 26 | $10.8M | — | ||
| Q4 25 | $10.5B | $12.8B | ||
| Q3 25 | $10.2B | $12.5B | ||
| Q2 25 | $10.5B | $12.4B | ||
| Q1 25 | $10.4B | $12.5B | ||
| Q4 24 | $10.5B | $12.4B | ||
| Q3 24 | $10.3B | $12.4B | ||
| Q2 24 | $10.0B | $12.3B |
总资产HALWMB
| Q1 26 | $25.1M | — | ||
| Q4 25 | $25.0B | $58.6B | ||
| Q3 25 | $25.2B | $55.7B | ||
| Q2 25 | $25.4B | $56.1B | ||
| Q1 25 | $25.2B | $54.9B | ||
| Q4 24 | $25.6B | $54.5B | ||
| Q3 24 | $25.3B | $53.8B | ||
| Q2 24 | $25.2B | $52.4B |
负债/权益比HALWMB
| Q1 26 | 0.66× | — | ||
| Q4 25 | 0.68× | 2.13× | ||
| Q3 25 | 0.70× | 2.04× | ||
| Q2 25 | 0.68× | 2.06× | ||
| Q1 25 | 0.69× | 1.93× | ||
| Q4 24 | 0.68× | 1.99× | ||
| Q3 24 | 0.74× | 2.00× | ||
| Q2 24 | 0.76× | 1.96× |
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 | — | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $123.0M | $-379.0M |
| 自由现金流率自由现金流/营收 | 2.3% | -9.9% |
| 资本支出强度资本支出/营收 | 3.6% | 50.9% |
| 现金转化率经营现金流/净利润 | — | 2.15× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $1.0B |
8季度趋势，按日历期对齐
经营现金流HALWMB
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $488.0M | $1.4B | ||
| Q2 25 | $896.0M | $1.4B | ||
| Q1 25 | $377.0M | $1.4B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $841.0M | $1.2B | ||
| Q2 24 | $1.1B | $1.3B |
自由现金流HALWMB
| Q1 26 | $123.0M | — | ||
| Q4 25 | $828.0M | $-379.0M | ||
| Q3 25 | $227.0M | $485.0M | ||
| Q2 25 | $542.0M | $478.0M | ||
| Q1 25 | $75.0M | $421.0M | ||
| Q4 24 | $1.0B | $450.0M | ||
| Q3 24 | $502.0M | $561.0M | ||
| Q2 24 | $734.0M | $700.0M |
自由现金流率HALWMB
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.6% | -9.9% | ||
| Q3 25 | 4.1% | 13.9% | ||
| Q2 25 | 9.8% | 14.2% | ||
| Q1 25 | 1.4% | 10.1% | ||
| Q4 24 | 18.4% | 13.2% | ||
| Q3 24 | 8.8% | 18.5% | ||
| Q2 24 | 12.6% | 24.6% |
资本支出强度HALWMB
| Q1 26 | 3.6% | — | ||
| Q4 25 | 6.0% | 50.9% | ||
| Q3 25 | 4.7% | 27.3% | ||
| Q2 25 | 6.4% | 28.8% | ||
| Q1 25 | 5.6% | 24.2% | ||
| Q4 24 | 7.6% | 22.5% | ||
| Q3 24 | 6.0% | 22.5% | ||
| Q2 24 | 5.9% | 20.3% |
现金转化率HALWMB
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 2.15× | ||
| Q3 25 | 27.11× | 2.22× | ||
| Q2 25 | 1.90× | 2.66× | ||
| Q1 25 | 1.85× | 2.07× | ||
| Q4 24 | 2.37× | 2.51× | ||
| Q3 24 | 1.47× | 1.76× | ||
| Q2 24 | 1.52× | 3.19× |
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% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
