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亨廷顿·英格尔斯工业（HII）与万豪国际（MAR）财务数据对比。点击上方公司名可切换其他公司
万豪国际的季度营收约是亨廷顿·英格尔斯工业的1.9倍（$6.7B vs $3.5B），万豪国际净利率更高（6.7% vs 4.6%，领先2.1%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs 4.1%），过去两年亨廷顿·英格尔斯工业的营收复合增速更高（11.3% vs 5.8%）
亨廷顿·英格尔斯工业（简称HII）是美国规模最大的军用造船企业，同时面向政府及行业合作伙伴提供专业服务。公司于2011年3月31日从诺斯罗普·格鲁曼公司分拆成立，在防务装备建造及配套服务领域拥有深厚技术积累与行业资源。
万豪国际是美国跨国酒店管理集团，主营业务为运营、特许经营及授权各类住宿品牌，覆盖酒店、住宅、分时度假等多元物业类型。集团旗下拥有37个以上酒店及时度假品牌，全球布局9000余处经营点位，客房总量超159万间，总部位于美国马里兰州贝塞斯达，脱胎于原万豪集团的酒店业务板块。
HII vs MAR — 直观对比
营收规模更大
MAR
是对方的1.9倍
$3.5B
营收增速更快
HII
高出11.7%
4.1%
净利率更高
MAR
高出2.1%
4.6%
两年增速更快
HII
近两年复合增速
5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $6.7B |
| 净利润 | $159.0M | $445.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 11.6% |
| 净利率 | 4.6% | 6.7% |
| 营收同比 | 15.7% | 4.1% |
| 净利润同比 | 29.3% | -2.2% |
| 每股收益（稀释后） | $4.06 | $1.67 |
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HIIMAR
| Q4 25 | $3.5B | $6.7B | ||
| Q3 25 | $3.2B | $6.5B | ||
| Q2 25 | $3.1B | $6.7B | ||
| Q1 25 | $2.7B | $6.3B | ||
| Q4 24 | $3.0B | $6.4B | ||
| Q3 24 | $2.7B | $6.3B | ||
| Q2 24 | $3.0B | $6.4B | ||
| Q1 24 | $2.8B | $6.0B |
净利润HIIMAR
| Q4 25 | $159.0M | $445.0M | ||
| Q3 25 | $145.0M | $728.0M | ||
| Q2 25 | $152.0M | $763.0M | ||
| Q1 25 | $149.0M | $665.0M | ||
| Q4 24 | $123.0M | $455.0M | ||
| Q3 24 | $101.0M | $584.0M | ||
| Q2 24 | $173.0M | $772.0M | ||
| Q1 24 | $153.0M | $564.0M |
营业利润率HIIMAR
| Q4 25 | 4.9% | 11.6% | ||
| Q3 25 | 5.0% | 18.2% | ||
| Q2 25 | 5.3% | 18.3% | ||
| Q1 25 | 5.9% | 15.1% | ||
| Q4 24 | 3.7% | 11.7% | ||
| Q3 24 | 3.0% | 15.1% | ||
| Q2 24 | 6.3% | 18.6% | ||
| Q1 24 | 5.5% | 14.7% |
净利率HIIMAR
| Q4 25 | 4.6% | 6.7% | ||
| Q3 25 | 4.5% | 11.2% | ||
| Q2 25 | 4.9% | 11.3% | ||
| Q1 25 | 5.4% | 10.6% | ||
| Q4 24 | 4.1% | 7.1% | ||
| Q3 24 | 3.7% | 9.3% | ||
| Q2 24 | 5.8% | 12.0% | ||
| Q1 24 | 5.5% | 9.4% |
每股收益（稀释后）HIIMAR
| Q4 25 | $4.06 | $1.67 | ||
| Q3 25 | $3.68 | $2.67 | ||
| Q2 25 | $3.86 | $2.78 | ||
| Q1 25 | $3.79 | $2.39 | ||
| Q4 24 | $3.15 | $1.64 | ||
| Q3 24 | $2.56 | $2.07 | ||
| Q2 24 | $4.38 | $2.69 | ||
| Q1 24 | $3.87 | $1.93 |
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 | — | $358.0M |
| 总债务越低越好 | $2.7B | $15.0B |
| 股东权益账面价值 | $5.1B | $-3.8B |
| 总资产 | $12.7B | $27.5B |
| 负债/权益比越低杠杆越低 | 0.53× | — |
8季度趋势，按日历期对齐
现金及短期投资HIIMAR
| Q4 25 | — | $358.0M | ||
| Q3 25 | — | $678.0M | ||
| Q2 25 | — | $671.0M | ||
| Q1 25 | — | $523.0M | ||
| Q4 24 | — | $396.0M | ||
| Q3 24 | — | $394.0M | ||
| Q2 24 | — | $349.0M | ||
| Q1 24 | $10.0M | $429.0M |
总债务HIIMAR
| Q4 25 | $2.7B | $15.0B | ||
| Q3 25 | — | $14.4B | ||
| Q2 25 | — | $14.5B | ||
| Q1 25 | — | $14.1B | ||
| Q4 24 | $2.7B | $13.1B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $12.2B | ||
| Q1 24 | — | $11.7B |
股东权益HIIMAR
| Q4 25 | $5.1B | $-3.8B | ||
| Q3 25 | $5.0B | $-3.1B | ||
| Q2 25 | $4.9B | $-3.0B | ||
| Q1 25 | $4.8B | $-3.2B | ||
| Q4 24 | $4.7B | $-3.0B | ||
| Q3 24 | $4.2B | $-2.4B | ||
| Q2 24 | $4.2B | $-2.1B | ||
| Q1 24 | $4.1B | $-1.6B |
总资产HIIMAR
| Q4 25 | $12.7B | $27.5B | ||
| Q3 25 | $12.3B | $27.8B | ||
| Q2 25 | $12.1B | $27.3B | ||
| Q1 25 | $12.1B | $26.7B | ||
| Q4 24 | $12.1B | $26.2B | ||
| Q3 24 | $11.1B | $26.2B | ||
| Q2 24 | $11.3B | $25.7B | ||
| Q1 24 | $11.2B | $25.8B |
负债/权益比HIIMAR
| Q4 25 | 0.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $650.0M | $829.0M |
| 自由现金流经营现金流 - 资本支出 | $516.0M | — |
| 自由现金流率自由现金流/营收 | 14.8% | — |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 4.09× | 1.86× |
| 过去12个月自由现金流最近4个季度 | $794.0M | — |
8季度趋势，按日历期对齐
经营现金流HIIMAR
| Q4 25 | $650.0M | $829.0M | ||
| Q3 25 | $118.0M | $1.1B | ||
| Q2 25 | $823.0M | $643.0M | ||
| Q1 25 | $-395.0M | $647.0M | ||
| Q4 24 | $391.0M | $318.0M | ||
| Q3 24 | $213.0M | $880.0M | ||
| Q2 24 | $-9.0M | $772.0M | ||
| Q1 24 | $-202.0M | $779.0M |
自由现金流HIIMAR
| Q4 25 | $516.0M | — | ||
| Q3 25 | $13.0M | $951.0M | ||
| Q2 25 | $727.0M | $488.0M | ||
| Q1 25 | $-462.0M | $512.0M | ||
| Q4 24 | $277.0M | $-24.0M | ||
| Q3 24 | $125.0M | $706.0M | ||
| Q2 24 | $-99.0M | $647.0M | ||
| Q1 24 | $-277.0M | $670.0M |
自由现金流率HIIMAR
| Q4 25 | 14.8% | — | ||
| Q3 25 | 0.4% | 14.7% | ||
| Q2 25 | 23.6% | 7.2% | ||
| Q1 25 | -16.9% | 8.2% | ||
| Q4 24 | 9.2% | -0.4% | ||
| Q3 24 | 4.5% | 11.3% | ||
| Q2 24 | -3.3% | 10.0% | ||
| Q1 24 | -9.9% | 11.2% |
资本支出强度HIIMAR
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.3% | 2.2% | ||
| Q2 25 | 3.1% | 2.3% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q4 24 | 3.8% | 5.3% | ||
| Q3 24 | 3.2% | 2.8% | ||
| Q2 24 | 3.0% | 1.9% | ||
| Q1 24 | 2.7% | 1.8% |
现金转化率HIIMAR
| Q4 25 | 4.09× | 1.86× | ||
| Q3 25 | 0.81× | 1.50× | ||
| Q2 25 | 5.41× | 0.84× | ||
| Q1 25 | -2.65× | 0.97× | ||
| Q4 24 | 3.18× | 0.70× | ||
| Q3 24 | 2.11× | 1.51× | ||
| Q2 24 | -0.05× | 1.00× | ||
| Q1 24 | -1.32× | 1.38× |
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
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
MAR
暂无分部数据
