vs
HARTE HANKS INC（HHS）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
TELOS CORP的季度营收约是HARTE HANKS INC的1.2倍（$46.8M vs $39.9M），HARTE HANKS INC净利率更高（5.5% vs -34.9%，领先40.4%），TELOS CORP同比增速更快（77.4% vs -15.4%），TELOS CORP自由现金流更多（$8.0M vs $-686.0K），过去两年TELOS CORP的营收复合增速更高（25.7% vs -6.4%）
哈特·汉克斯是一家总部位于美国马萨诸塞州波士顿的全球营销服务企业，主营业务涵盖数据分析、营销战略规划、营销技术支持、创意服务、数字营销、客户服务、直邮服务以及物流履约等多个领域，为全球客户提供全方位的营销解决方案。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
HHS vs TLS — 直观对比
营收规模更大
TLS
是对方的1.2倍
$39.9M
营收增速更快
TLS
高出92.8%
-15.4%
净利率更高
HHS
高出40.4%
-34.9%
自由现金流更多
TLS
多$8.6M
$-686.0K
两年增速更快
TLS
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $39.9M | $46.8M |
| 净利润 | $2.2M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | -0.3% | -39.6% |
| 净利率 | 5.5% | -34.9% |
| 营收同比 | -15.4% | 77.4% |
| 净利润同比 | — | -74.8% |
| 每股收益（稀释后） | $0.30 | $-0.22 |
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HHSTLS
| Q4 25 | $39.9M | $46.8M | ||
| Q3 25 | $39.5M | $51.4M | ||
| Q2 25 | $38.6M | $36.0M | ||
| Q1 25 | $41.6M | $30.6M | ||
| Q4 24 | $47.1M | $26.4M | ||
| Q3 24 | $47.6M | $23.8M | ||
| Q2 24 | $45.0M | $28.5M | ||
| Q1 24 | $45.4M | $29.6M |
净利润HHSTLS
| Q4 25 | $2.2M | $-16.3M | ||
| Q3 25 | $-2.3M | $-2.1M | ||
| Q2 25 | $-335.0K | $-9.5M | ||
| Q1 25 | $-392.0K | $-8.6M | ||
| Q4 24 | — | $-9.3M | ||
| Q3 24 | $142.0K | $-28.1M | ||
| Q2 24 | $-27.8M | $-7.8M | ||
| Q1 24 | $-171.0K | $-7.4M |
毛利率HHSTLS
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
营业利润率HHSTLS
| Q4 25 | -0.3% | -39.6% | ||
| Q3 25 | 1.3% | -4.8% | ||
| Q2 25 | 0.1% | -27.5% | ||
| Q1 25 | -0.1% | -29.5% | ||
| Q4 24 | -3.3% | -37.6% | ||
| Q3 24 | 4.0% | -121.4% | ||
| Q2 24 | 3.0% | -30.3% | ||
| Q1 24 | 0.8% | -28.5% |
净利率HHSTLS
| Q4 25 | 5.5% | -34.9% | ||
| Q3 25 | -5.8% | -4.1% | ||
| Q2 25 | -0.9% | -26.5% | ||
| Q1 25 | -0.9% | -28.1% | ||
| Q4 24 | — | -35.4% | ||
| Q3 24 | 0.3% | -118.0% | ||
| Q2 24 | -61.8% | -27.2% | ||
| Q1 24 | -0.4% | -24.9% |
每股收益（稀释后）HHSTLS
| Q4 25 | $0.30 | $-0.22 | ||
| Q3 25 | $-0.31 | $-0.03 | ||
| Q2 25 | $-0.05 | $-0.13 | ||
| Q1 25 | $-0.05 | $-0.12 | ||
| Q4 24 | $-0.31 | $-0.13 | ||
| Q3 24 | $0.02 | $-0.39 | ||
| Q2 24 | $-3.84 | $-0.11 | ||
| Q1 24 | $-0.02 | $-0.10 |
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 | $5.6M | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $20.5M | $96.0M |
| 总资产 | $91.8M | $139.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HHSTLS
| Q4 25 | $5.6M | $53.2M | ||
| Q3 25 | $6.5M | $59.0M | ||
| Q2 25 | $4.8M | $57.0M | ||
| Q1 25 | $9.0M | $57.8M | ||
| Q4 24 | $9.8M | $54.6M | ||
| Q3 24 | $5.9M | $69.8M | ||
| Q2 24 | $11.0M | $80.1M | ||
| Q1 24 | $11.5M | $93.9M |
股东权益HHSTLS
| Q4 25 | $20.5M | $96.0M | ||
| Q3 25 | $19.9M | $119.7M | ||
| Q2 25 | $22.2M | $118.4M | ||
| Q1 25 | $21.4M | $126.1M | ||
| Q4 24 | $21.7M | $127.1M | ||
| Q3 24 | $21.0M | $129.5M | ||
| Q2 24 | $20.6M | $149.1M | ||
| Q1 24 | $20.0M | $154.4M |
总资产HHSTLS
| Q4 25 | $91.8M | $139.9M | ||
| Q3 25 | $92.7M | $164.3M | ||
| Q2 25 | $95.0M | $165.0M | ||
| Q1 25 | $100.6M | $158.1M | ||
| Q4 24 | $101.8M | $158.2M | ||
| Q3 24 | $108.1M | $166.3M | ||
| Q2 24 | $109.7M | $182.4M | ||
| Q1 24 | $113.4M | $195.4M |
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 | $737.0K | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $-686.0K | $8.0M |
| 自由现金流率自由现金流/营收 | -1.7% | 17.0% |
| 资本支出强度资本支出/营收 | 3.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.33× | — |
| 过去12个月自由现金流最近4个季度 | $-4.5M | $29.4M |
8季度趋势，按日历期对齐
经营现金流HHSTLS
| Q4 25 | $737.0K | $8.0M | ||
| Q3 25 | $3.2M | $9.1M | ||
| Q2 25 | $-4.8M | $7.0M | ||
| Q1 25 | $-818.0K | $6.1M | ||
| Q4 24 | $4.0M | $-10.5M | ||
| Q3 24 | $-2.9M | $-7.1M | ||
| Q2 24 | $1.6M | $-8.0M | ||
| Q1 24 | $-5.7M | $-350.0K |
自由现金流HHSTLS
| Q4 25 | $-686.0K | $8.0M | ||
| Q3 25 | $2.2M | $8.7M | ||
| Q2 25 | $-5.1M | $6.8M | ||
| Q1 25 | $-923.0K | $6.0M | ||
| Q4 24 | $3.4M | $-12.4M | ||
| Q3 24 | $-4.9M | $-7.1M | ||
| Q2 24 | $926.0K | $-8.2M | ||
| Q1 24 | $-6.2M | $-447.0K |
自由现金流率HHSTLS
| Q4 25 | -1.7% | 17.0% | ||
| Q3 25 | 5.5% | 16.9% | ||
| Q2 25 | -13.1% | 19.0% | ||
| Q1 25 | -2.2% | 19.5% | ||
| Q4 24 | 7.3% | -47.0% | ||
| Q3 24 | -10.2% | -30.0% | ||
| Q2 24 | 2.1% | -28.9% | ||
| Q1 24 | -13.7% | -1.5% |
资本支出强度HHSTLS
| Q4 25 | 3.6% | 0.1% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 0.6% | 0.4% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 1.3% | 7.1% | ||
| Q3 24 | 4.0% | 0.2% | ||
| Q2 24 | 1.5% | 0.8% | ||
| Q1 24 | 1.2% | 0.3% |
现金转化率HHSTLS
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -20.76× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
HHS
| Fulfillment And Logistics Services | $17.3M | 43% |
| Customer Care | $13.7M | 34% |
| Other | $8.9M | 22% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
