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亨廷顿·英格尔斯工业（HII）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是亨廷顿·英格尔斯工业的1.1倍（$3.8B vs $3.5B），ServiceNow净利率更高（12.4% vs 4.6%，领先7.9%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $516.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs 11.3%）
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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
HII vs NOW — 直观对比
营收规模更大
NOW
是对方的1.1倍
$3.5B
营收增速更快
HII
高出12.9%
2.8%
净利率更高
NOW
高出7.9%
4.6%
自由现金流更多
NOW
多$1.1B
$516.0M
两年增速更快
NOW
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $3.8B |
| 净利润 | $159.0M | $469.0M |
| 毛利率 | — | 75.1% |
| 营业利润率 | 4.9% | 13.3% |
| 净利率 | 4.6% | 12.4% |
| 营收同比 | 15.7% | 2.8% |
| 净利润同比 | 29.3% | -53.7% |
| 每股收益（稀释后） | $4.06 | $1.04 |
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HIINOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.5B | $3.6B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $3.1B | $3.2B | ||
| Q1 25 | $2.7B | $3.1B | ||
| Q4 24 | $3.0B | $3.0B | ||
| Q3 24 | $2.7B | $2.8B | ||
| Q2 24 | $3.0B | $2.6B |
净利润HIINOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $159.0M | $401.0M | ||
| Q3 25 | $145.0M | $502.0M | ||
| Q2 25 | $152.0M | $385.0M | ||
| Q1 25 | $149.0M | $460.0M | ||
| Q4 24 | $123.0M | $384.0M | ||
| Q3 24 | $101.0M | $432.0M | ||
| Q2 24 | $173.0M | $262.0M |
毛利率HIINOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 77.3% | ||
| Q2 25 | — | 77.5% | ||
| Q1 25 | — | 78.9% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | — | 79.1% | ||
| Q2 24 | — | 79.0% |
营业利润率HIINOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 4.9% | 12.4% | ||
| Q3 25 | 5.0% | 16.8% | ||
| Q2 25 | 5.3% | 11.1% | ||
| Q1 25 | 5.9% | 14.6% | ||
| Q4 24 | 3.7% | 12.6% | ||
| Q3 24 | 3.0% | 14.9% | ||
| Q2 24 | 6.3% | 9.1% |
净利率HIINOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 4.6% | 11.2% | ||
| Q3 25 | 4.5% | 14.7% | ||
| Q2 25 | 4.9% | 12.0% | ||
| Q1 25 | 5.4% | 14.9% | ||
| Q4 24 | 4.1% | 13.0% | ||
| Q3 24 | 3.7% | 15.4% | ||
| Q2 24 | 5.8% | 10.0% |
每股收益（稀释后）HIINOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $4.06 | $-4.77 | ||
| Q3 25 | $3.68 | $2.40 | ||
| Q2 25 | $3.86 | $1.84 | ||
| Q1 25 | $3.79 | $2.20 | ||
| Q4 24 | $3.15 | $1.84 | ||
| Q3 24 | $2.56 | $2.07 | ||
| Q2 24 | $4.38 | $1.26 |
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 | — | $2.7B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $5.1B | $11.7B |
| 总资产 | $12.7B | $24.4B |
| 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HIINOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.2B |
总债务HIINOW
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HIINOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $5.1B | $13.0B | ||
| Q3 25 | $5.0B | $11.3B | ||
| Q2 25 | $4.9B | $10.9B | ||
| Q1 25 | $4.8B | $10.1B | ||
| Q4 24 | $4.7B | $9.6B | ||
| Q3 24 | $4.2B | $9.3B | ||
| Q2 24 | $4.2B | $8.7B |
总资产HIINOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $12.7B | $26.0B | ||
| Q3 25 | $12.3B | $21.8B | ||
| Q2 25 | $12.1B | $22.1B | ||
| Q1 25 | $12.1B | $21.0B | ||
| Q4 24 | $12.1B | $20.4B | ||
| Q3 24 | $11.1B | $18.4B | ||
| Q2 24 | $11.3B | $18.2B |
负债/权益比HIINOW
| Q1 26 | — | — | ||
| Q4 25 | 0.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $1.7B |
| 自由现金流率自由现金流/营收 | 14.8% | 44.2% |
| 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× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $794.0M | $4.8B |
8季度趋势，按日历期对齐
经营现金流HIINOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $650.0M | $2.2B | ||
| Q3 25 | $118.0M | $813.0M | ||
| Q2 25 | $823.0M | $716.0M | ||
| Q1 25 | $-395.0M | $1.7B | ||
| Q4 24 | $391.0M | $1.6B | ||
| Q3 24 | $213.0M | $671.0M | ||
| Q2 24 | $-9.0M | $620.0M |
自由现金流HIINOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $516.0M | $2.0B | ||
| Q3 25 | $13.0M | $578.0M | ||
| Q2 25 | $727.0M | $526.0M | ||
| Q1 25 | $-462.0M | $1.5B | ||
| Q4 24 | $277.0M | $1.4B | ||
| Q3 24 | $125.0M | $469.0M | ||
| Q2 24 | $-99.0M | $358.0M |
自由现金流率HIINOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 14.8% | 56.1% | ||
| Q3 25 | 0.4% | 17.0% | ||
| Q2 25 | 23.6% | 16.4% | ||
| Q1 25 | -16.9% | 47.7% | ||
| Q4 24 | 9.2% | 46.7% | ||
| Q3 24 | 4.5% | 16.8% | ||
| Q2 24 | -3.3% | 13.6% |
资本支出强度HIINOW
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 6.7% | ||
| Q3 25 | 3.3% | 6.9% | ||
| Q2 25 | 3.1% | 5.9% | ||
| Q1 25 | 2.5% | 6.6% | ||
| Q4 24 | 3.8% | 8.6% | ||
| Q3 24 | 3.2% | 7.2% | ||
| Q2 24 | 3.0% | 10.0% |
现金转化率HIINOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 4.09× | 5.58× | ||
| Q3 25 | 0.81× | 1.62× | ||
| Q2 25 | 5.41× | 1.86× | ||
| Q1 25 | -2.65× | 3.65× | ||
| Q4 24 | 3.18× | 4.26× | ||
| Q3 24 | 2.11× | 1.55× | ||
| Q2 24 | -0.05× | 2.37× |
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% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
