vs
伯克希尔·哈撒韦（HEI）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
新闻集团的季度营收约是伯克希尔·哈撒韦的2.0倍（$2.4B vs $1.2B），伯克希尔·哈撒韦净利率更高（15.6% vs 8.2%，领先7.4%），伯克希尔·哈撒韦同比增速更快（19.3% vs 5.5%），伯克希尔·哈撒韦自由现金流更多（$268.5M vs $132.0M），过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs -1.3%）
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
HEI vs NWSA — 直观对比
营收规模更大
NWSA
是对方的2.0倍
$1.2B
营收增速更快
HEI
高出13.8%
5.5%
净利率更高
HEI
高出7.4%
8.2%
自由现金流更多
HEI
多$136.5M
$132.0M
两年增速更快
HEI
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.4B |
| 净利润 | $188.3M | $193.0M |
| 毛利率 | 40.2% | — |
| 营业利润率 | 23.1% | — |
| 净利率 | 15.6% | 8.2% |
| 营收同比 | 19.3% | 5.5% |
| 净利润同比 | 34.8% | -10.2% |
| 每股收益（稀释后） | $1.32 | $0.34 |
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HEINWSA
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $2.0B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $992.2M | $2.6B | ||
| Q2 24 | $955.4M | $2.6B | ||
| Q1 24 | $896.4M | $2.4B |
净利润HEINWSA
| Q4 25 | $188.3M | $193.0M | ||
| Q3 25 | $177.3M | $112.0M | ||
| Q2 25 | $156.8M | $743.0M | ||
| Q1 25 | $168.0M | $103.0M | ||
| Q4 24 | $139.7M | $215.0M | ||
| Q3 24 | $136.6M | $119.0M | ||
| Q2 24 | $123.1M | $50.0M | ||
| Q1 24 | $114.7M | $30.0M |
毛利率HEINWSA
| Q4 25 | 40.2% | — | ||
| Q3 25 | 39.8% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.9% | — | ||
| Q3 24 | 39.2% | — | ||
| Q2 24 | 38.9% | — | ||
| Q1 24 | 38.7% | — |
营业利润率HEINWSA
| Q4 25 | 23.1% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 22.6% | 8.5% | ||
| Q1 25 | 22.0% | 7.5% | ||
| Q4 24 | 21.6% | 19.2% | ||
| Q3 24 | 21.8% | 7.9% | ||
| Q2 24 | 21.9% | 4.3% | ||
| Q1 24 | 20.1% | 2.6% |
净利率HEINWSA
| Q4 25 | 15.6% | 8.2% | ||
| Q3 25 | 15.5% | 5.2% | ||
| Q2 25 | 14.3% | 45.6% | ||
| Q1 25 | 16.3% | 5.1% | ||
| Q4 24 | 13.8% | 9.6% | ||
| Q3 24 | 13.8% | 4.6% | ||
| Q2 24 | 12.9% | 1.9% | ||
| Q1 24 | 12.8% | 1.2% |
每股收益（稀释后）HEINWSA
| Q4 25 | $1.32 | $0.34 | ||
| Q3 25 | $1.26 | $0.20 | ||
| Q2 25 | $1.12 | $1.30 | ||
| Q1 25 | $1.20 | $0.18 | ||
| Q4 24 | $1.00 | $0.38 | ||
| Q3 24 | $0.97 | $0.21 | ||
| Q2 24 | $0.88 | $0.09 | ||
| Q1 24 | $0.82 | $0.05 |
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 | $217.8M | $2.1B |
| 总债务越低越好 | $2.2B | $2.0B |
| 股东权益账面价值 | $4.3B | $8.8B |
| 总资产 | $8.5B | $15.5B |
| 负债/权益比越低杠杆越低 | 0.50× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资HEINWSA
| Q4 25 | $217.8M | $2.1B | ||
| Q3 25 | $261.9M | $2.2B | ||
| Q2 25 | $242.3M | $2.4B | ||
| Q1 25 | $165.5M | $2.1B | ||
| Q4 24 | $162.1M | $1.8B | ||
| Q3 24 | $202.9M | $1.8B | ||
| Q2 24 | $204.2M | $2.0B | ||
| Q1 24 | $196.3M | $1.9B |
总债务HEINWSA
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.3B | $2.0B | ||
| Q1 25 | $2.3B | $2.0B | ||
| Q4 24 | $2.2B | $2.0B | ||
| Q3 24 | $2.3B | $2.9B | ||
| Q2 24 | $2.4B | $2.9B | ||
| Q1 24 | $2.5B | $2.9B |
股东权益HEINWSA
| Q4 25 | $4.3B | $8.8B | ||
| Q3 25 | $4.1B | $8.7B | ||
| Q2 25 | $4.0B | $8.8B | ||
| Q1 25 | $3.7B | $8.2B | ||
| Q4 24 | $3.6B | $8.1B | ||
| Q3 24 | $3.5B | $8.3B | ||
| Q2 24 | $3.4B | $8.1B | ||
| Q1 24 | $3.3B | $8.1B |
总资产HEINWSA
| Q4 25 | $8.5B | $15.5B | ||
| Q3 25 | $8.5B | $15.3B | ||
| Q2 25 | $8.1B | $15.5B | ||
| Q1 25 | $7.9B | $16.6B | ||
| Q4 24 | $7.6B | $16.2B | ||
| Q3 24 | $7.4B | $16.9B | ||
| Q2 24 | $7.4B | $16.7B | ||
| Q1 24 | $7.3B | $16.5B |
负债/权益比HEINWSA
| Q4 25 | 0.50× | 0.22× | ||
| Q3 25 | 0.59× | 0.22× | ||
| Q2 25 | 0.57× | 0.22× | ||
| Q1 25 | 0.63× | 0.24× | ||
| Q4 24 | 0.61× | 0.24× | ||
| Q3 24 | 0.64× | 0.35× | ||
| Q2 24 | 0.70× | 0.36× | ||
| Q1 24 | 0.76× | 0.36× |
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 | $295.3M | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $268.5M | $132.0M |
| 自由现金流率自由现金流/营收 | 22.2% | 5.6% |
| 资本支出强度资本支出/营收 | 2.2% | 4.2% |
| 现金转化率经营现金流/净利润 | 1.57× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $861.4M | $586.0M |
8季度趋势，按日历期对齐
经营现金流HEINWSA
| Q4 25 | $295.3M | $231.0M | ||
| Q3 25 | $231.2M | $85.0M | ||
| Q2 25 | $204.7M | $189.0M | ||
| Q1 25 | $203.0M | $511.0M | ||
| Q4 24 | $205.6M | $252.0M | ||
| Q3 24 | $214.0M | $64.0M | ||
| Q2 24 | $141.1M | $254.0M | ||
| Q1 24 | $111.7M | $539.0M |
自由现金流HEINWSA
| Q4 25 | $268.5M | $132.0M | ||
| Q3 25 | $218.5M | $4.0M | ||
| Q2 25 | $188.7M | $32.0M | ||
| Q1 25 | $185.7M | $418.0M | ||
| Q4 24 | $189.5M | $190.0M | ||
| Q3 24 | $198.1M | $-31.0M | ||
| Q2 24 | $128.2M | $111.0M | ||
| Q1 24 | $98.3M | $422.0M |
自由现金流率HEINWSA
| Q4 25 | 22.2% | 5.6% | ||
| Q3 25 | 19.0% | 0.2% | ||
| Q2 25 | 17.2% | 2.0% | ||
| Q1 25 | 18.0% | 20.8% | ||
| Q4 24 | 18.7% | 8.5% | ||
| Q3 24 | 20.0% | -1.2% | ||
| Q2 24 | 13.4% | 4.3% | ||
| Q1 24 | 11.0% | 17.4% |
资本支出强度HEINWSA
| Q4 25 | 2.2% | 4.2% | ||
| Q3 25 | 1.1% | 3.8% | ||
| Q2 25 | 1.5% | 9.6% | ||
| Q1 25 | 1.7% | 4.6% | ||
| Q4 24 | 1.6% | 2.8% | ||
| Q3 24 | 1.6% | 3.7% | ||
| Q2 24 | 1.4% | 5.5% | ||
| Q1 24 | 1.5% | 4.8% |
现金转化率HEINWSA
| Q4 25 | 1.57× | 1.20× | ||
| Q3 25 | 1.30× | 0.76× | ||
| Q2 25 | 1.31× | 0.25× | ||
| Q1 25 | 1.21× | 4.96× | ||
| Q4 24 | 1.47× | 1.17× | ||
| Q3 24 | 1.57× | 0.54× | ||
| Q2 24 | 1.15× | 5.08× | ||
| Q1 24 | 0.97× | 17.97× |
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
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
