vs
Hillenbrand, Inc.（HI）与ORMAT TECHNOLOGIES, INC.（ORA）财务数据对比。点击上方公司名可切换其他公司
Hillenbrand, Inc.的季度营收约是ORMAT TECHNOLOGIES, INC.的2.0倍（$550.2M vs $276.0M），ORMAT TECHNOLOGIES, INC.净利率更高（11.4% vs -0.4%，领先11.8%），ORMAT TECHNOLOGIES, INC.同比增速更快（19.6% vs -22.2%），Hillenbrand, Inc.自由现金流更多（$-31.6M vs $-40.0M），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（11.0% vs -16.3%）
希伦布兰德是一家全球化多元化工业企业，设计、生产及销售专用加工设备与耐用工业解决方案，服务食品饮料、农业、制造、废弃物管理等领域，业务覆盖北美、欧洲及亚太地区。
Ormat Technologies是总部位于美国内华达州里诺的跨国企业，主打可再生地热能源技术，累计建成超190座电站，总装机容量超3200兆瓦；截至2021年1月自主运营933兆瓦地热及余热回收电站，还向全球多国供应超千台涡轮增压器。
HI vs ORA — 直观对比
营收规模更大
HI
是对方的2.0倍
$276.0M
营收增速更快
ORA
高出41.8%
-22.2%
净利率更高
ORA
高出11.8%
-0.4%
自由现金流更多
HI
多$8.4M
$-40.0M
两年增速更快
ORA
近两年复合增速
-16.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $550.2M | $276.0M |
| 净利润 | $-2.2M | $31.4M |
| 毛利率 | 33.4% | 28.6% |
| 营业利润率 | -2.2% | 15.4% |
| 净利率 | -0.4% | 11.4% |
| 营收同比 | -22.2% | 19.6% |
| 净利润同比 | -134.4% | -23.2% |
| 每股收益（稀释后） | — | $0.51 |
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HIORA
| Q4 25 | $550.2M | $276.0M | ||
| Q3 25 | $652.1M | $249.7M | ||
| Q2 25 | $598.9M | $234.0M | ||
| Q1 25 | $715.9M | $229.8M | ||
| Q4 24 | $706.9M | $230.7M | ||
| Q3 24 | $837.6M | $211.8M | ||
| Q2 24 | $786.6M | $213.0M | ||
| Q1 24 | $785.3M | $224.2M |
净利润HIORA
| Q4 25 | $-2.2M | $31.4M | ||
| Q3 25 | $75.7M | $24.1M | ||
| Q2 25 | $1.9M | $28.0M | ||
| Q1 25 | $-40.9M | $40.4M | ||
| Q4 24 | $6.4M | $40.8M | ||
| Q3 24 | $14.6M | $22.1M | ||
| Q2 24 | $-248.9M | $22.2M | ||
| Q1 24 | $6.1M | $38.6M |
毛利率HIORA
| Q4 25 | 33.4% | 28.6% | ||
| Q3 25 | 34.8% | 25.6% | ||
| Q2 25 | 33.8% | 24.3% | ||
| Q1 25 | 33.0% | 31.7% | ||
| Q4 24 | 33.2% | 31.9% | ||
| Q3 24 | 34.4% | 27.8% | ||
| Q2 24 | 33.9% | 28.8% | ||
| Q1 24 | 31.9% | 35.2% |
营业利润率HIORA
| Q4 25 | -2.2% | 15.4% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | 1.8% | 15.1% | ||
| Q1 25 | -6.2% | 22.2% | ||
| Q4 24 | 2.2% | 21.3% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | -32.7% | 16.5% | ||
| Q1 24 | 1.6% | 23.5% |
净利率HIORA
| Q4 25 | -0.4% | 11.4% | ||
| Q3 25 | 11.6% | 9.7% | ||
| Q2 25 | 0.3% | 12.0% | ||
| Q1 25 | -5.7% | 17.6% | ||
| Q4 24 | 0.9% | 17.7% | ||
| Q3 24 | 1.7% | 10.4% | ||
| Q2 24 | -31.6% | 10.4% | ||
| Q1 24 | 0.8% | 17.2% |
每股收益（稀释后）HIORA
| Q4 25 | — | $0.51 | ||
| Q3 25 | $1.07 | $0.39 | ||
| Q2 25 | $0.03 | $0.46 | ||
| Q1 25 | $-0.58 | $0.66 | ||
| Q4 24 | $0.09 | $0.67 | ||
| Q3 24 | $0.20 | $0.36 | ||
| Q2 24 | $-3.53 | $0.37 | ||
| Q1 24 | $0.09 | $0.64 |
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 | $173.1M | $147.4M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $1.4B | $2.5B |
| 总资产 | $4.5B | $6.2B |
| 负债/权益比越低杠杆越低 | — | 1.05× |
8季度趋势，按日历期对齐
现金及短期投资HIORA
| Q4 25 | $173.1M | $147.4M | ||
| Q3 25 | $164.8M | $79.6M | ||
| Q2 25 | $162.8M | $88.5M | ||
| Q1 25 | $458.4M | $112.7M | ||
| Q4 24 | $208.0M | $94.4M | ||
| Q3 24 | $199.3M | $88.1M | ||
| Q2 24 | $223.8M | $66.3M | ||
| Q1 24 | $224.4M | $201.5M |
总债务HIORA
| Q4 25 | — | $2.7B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益HIORA
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
总资产HIORA
| Q4 25 | $4.5B | $6.2B | ||
| Q3 25 | $4.5B | $6.1B | ||
| Q2 25 | $4.7B | $6.0B | ||
| Q1 25 | $4.8B | $5.8B | ||
| Q4 24 | $5.1B | $5.7B | ||
| Q3 24 | $5.2B | $5.6B | ||
| Q2 24 | $5.3B | $5.5B | ||
| Q1 24 | $5.6B | $5.5B |
负债/权益比HIORA
| Q4 25 | — | 1.05× | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.38× | 0.97× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.48× | — | ||
| Q1 24 | 1.28× | — |
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 | $-27.4M | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $-31.6M | $-40.0M |
| 自由现金流率自由现金流/营收 | -5.7% | -14.5% |
| 资本支出强度资本支出/营收 | 0.8% | 52.6% |
| 现金转化率经营现金流/净利润 | — | 3.35× |
| 过去12个月自由现金流最近4个季度 | $7.8M | $-284.7M |
8季度趋势，按日历期对齐
经营现金流HIORA
| Q4 25 | $-27.4M | $105.0M | ||
| Q3 25 | $67.7M | $45.2M | ||
| Q2 25 | $-1.5M | $96.9M | ||
| Q1 25 | $1.3M | $88.0M | ||
| Q4 24 | $-11.3M | $158.6M | ||
| Q3 24 | $166.5M | $106.4M | ||
| Q2 24 | $45.6M | $30.7M | ||
| Q1 24 | $3.2M | $115.2M |
自由现金流HIORA
| Q4 25 | $-31.6M | $-40.0M | ||
| Q3 25 | $58.6M | $-102.1M | ||
| Q2 25 | $-11.2M | $-37.9M | ||
| Q1 25 | $-8.0M | $-104.6M | ||
| Q4 24 | $-21.5M | $30.9M | ||
| Q3 24 | $153.4M | $-3.3M | ||
| Q2 24 | $29.7M | $-116.1M | ||
| Q1 24 | $-9.6M | $11.8M |
自由现金流率HIORA
| Q4 25 | -5.7% | -14.5% | ||
| Q3 25 | 9.0% | -40.9% | ||
| Q2 25 | -1.9% | -16.2% | ||
| Q1 25 | -1.1% | -45.5% | ||
| Q4 24 | -3.0% | 13.4% | ||
| Q3 24 | 18.3% | -1.6% | ||
| Q2 24 | 3.8% | -54.5% | ||
| Q1 24 | -1.2% | 5.3% |
资本支出强度HIORA
| Q4 25 | 0.8% | 52.6% | ||
| Q3 25 | 1.4% | 59.0% | ||
| Q2 25 | 1.6% | 57.6% | ||
| Q1 25 | 1.3% | 83.8% | ||
| Q4 24 | 1.4% | 55.4% | ||
| Q3 24 | 1.6% | 51.8% | ||
| Q2 24 | 2.0% | 69.0% | ||
| Q1 24 | 1.6% | 46.1% |
现金转化率HIORA
| Q4 25 | — | 3.35× | ||
| Q3 25 | 0.89× | 1.87× | ||
| Q2 25 | -0.79× | 3.45× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | -1.77× | 3.89× | ||
| Q3 24 | 11.40× | 4.82× | ||
| Q2 24 | — | 1.38× | ||
| Q1 24 | 0.52× | 2.99× |
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
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
ORA
| Electricity | $186.6M | 68% |
| Products | $63.1M | 23% |
| Energy Storage Segment | $26.3M | 10% |
| Product Segment | $1.2M | 0% |
