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亨廷顿·英格尔斯工业（HII）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
亨廷顿·英格尔斯工业的季度营收约是豪士科的1.3倍（$3.5B vs $2.7B），豪士科净利率更高（5.0% vs 4.6%，领先0.4%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs 3.5%），豪士科自由现金流更多（$540.3M vs $516.0M），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 2.8%）
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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
HII vs OSK — 直观对比
营收规模更大
HII
是对方的1.3倍
$2.7B
营收增速更快
HII
高出12.2%
3.5%
净利率更高
OSK
高出0.4%
4.6%
自由现金流更多
OSK
多$24.3M
$516.0M
两年增速更快
HII
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.7B |
| 净利润 | $159.0M | $133.8M |
| 毛利率 | — | 15.8% |
| 营业利润率 | 4.9% | 7.9% |
| 净利率 | 4.6% | 5.0% |
| 营收同比 | 15.7% | 3.5% |
| 净利润同比 | 29.3% | -12.6% |
| 每股收益（稀释后） | $4.06 | — |
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HIIOSK
| Q4 25 | $3.5B | $2.7B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.1B | $2.7B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $3.0B | $2.6B | ||
| Q3 24 | $2.7B | $2.7B | ||
| Q2 24 | $3.0B | $2.8B | ||
| Q1 24 | $2.8B | $2.5B |
净利润HIIOSK
| Q4 25 | $159.0M | $133.8M | ||
| Q3 25 | $145.0M | $196.2M | ||
| Q2 25 | $152.0M | $204.8M | ||
| Q1 25 | $149.0M | $112.2M | ||
| Q4 24 | $123.0M | $153.1M | ||
| Q3 24 | $101.0M | $180.3M | ||
| Q2 24 | $173.0M | $168.6M | ||
| Q1 24 | $153.0M | $179.4M |
毛利率HIIOSK
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.5% |
营业利润率HIIOSK
| Q4 25 | 4.9% | 7.9% | ||
| Q3 25 | 5.0% | 9.7% | ||
| Q2 25 | 5.3% | 10.7% | ||
| Q1 25 | 5.9% | 7.6% | ||
| Q4 24 | 3.7% | 8.6% | ||
| Q3 24 | 3.0% | 9.7% | ||
| Q2 24 | 6.3% | 9.2% | ||
| Q1 24 | 5.5% | 10.2% |
净利率HIIOSK
| Q4 25 | 4.6% | 5.0% | ||
| Q3 25 | 4.5% | 7.3% | ||
| Q2 25 | 4.9% | 7.5% | ||
| Q1 25 | 5.4% | 4.9% | ||
| Q4 24 | 4.1% | 5.9% | ||
| Q3 24 | 3.7% | 6.6% | ||
| Q2 24 | 5.8% | 5.9% | ||
| Q1 24 | 5.5% | 7.1% |
每股收益（稀释后）HIIOSK
| Q4 25 | $4.06 | — | ||
| Q3 25 | $3.68 | — | ||
| Q2 25 | $3.86 | — | ||
| Q1 25 | $3.79 | — | ||
| Q4 24 | $3.15 | — | ||
| Q3 24 | $2.56 | — | ||
| Q2 24 | $4.38 | — | ||
| Q1 24 | $3.87 | — |
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 | — | $479.8M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $5.1B | $4.5B |
| 总资产 | $12.7B | $10.1B |
| 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HIIOSK
| Q4 25 | — | $479.8M | ||
| Q3 25 | — | $211.8M | ||
| Q2 25 | — | $191.7M | ||
| Q1 25 | — | $210.3M | ||
| Q4 24 | — | $204.9M | ||
| Q3 24 | — | $160.9M | ||
| Q2 24 | — | $141.4M | ||
| Q1 24 | $10.0M | $69.9M |
总债务HIIOSK
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M | ||
| Q1 24 | — | $598.9M |
股东权益HIIOSK
| Q4 25 | $5.1B | $4.5B | ||
| Q3 25 | $5.0B | $4.5B | ||
| Q2 25 | $4.9B | $4.5B | ||
| Q1 25 | $4.8B | $4.2B | ||
| Q4 24 | $4.7B | $4.2B | ||
| Q3 24 | $4.2B | $4.1B | ||
| Q2 24 | $4.2B | $3.9B | ||
| Q1 24 | $4.1B | $3.8B |
总资产HIIOSK
| Q4 25 | $12.7B | $10.1B | ||
| Q3 25 | $12.3B | $9.8B | ||
| Q2 25 | $12.1B | $10.0B | ||
| Q1 25 | $12.1B | $9.8B | ||
| Q4 24 | $12.1B | $9.4B | ||
| Q3 24 | $11.1B | $9.9B | ||
| Q2 24 | $11.3B | $9.7B | ||
| Q1 24 | $11.2B | $9.5B |
负债/权益比HIIOSK
| Q4 25 | 0.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.16× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $540.3M |
| 自由现金流率自由现金流/营收 | 14.8% | 20.1% |
| 资本支出强度资本支出/营收 | 3.9% | 2.2% |
| 现金转化率经营现金流/净利润 | 4.09× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $794.0M | $618.0M |
8季度趋势，按日历期对齐
经营现金流HIIOSK
| Q4 25 | $650.0M | $600.1M | ||
| Q3 25 | $118.0M | $489.0M | ||
| Q2 25 | $823.0M | $89.2M | ||
| Q1 25 | $-395.0M | $-394.9M | ||
| Q4 24 | $391.0M | $790.8M | ||
| Q3 24 | $213.0M | $326.1M | ||
| Q2 24 | $-9.0M | $-211.0M | ||
| Q1 24 | $-202.0M | $-355.8M |
自由现金流HIIOSK
| Q4 25 | $516.0M | $540.3M | ||
| Q3 25 | $13.0M | $464.3M | ||
| Q2 25 | $727.0M | $48.6M | ||
| Q1 25 | $-462.0M | $-435.2M | ||
| Q4 24 | $277.0M | $703.3M | ||
| Q3 24 | $125.0M | $272.2M | ||
| Q2 24 | $-99.0M | $-250.5M | ||
| Q1 24 | $-277.0M | $-455.9M |
自由现金流率HIIOSK
| Q4 25 | 14.8% | 20.1% | ||
| Q3 25 | 0.4% | 17.3% | ||
| Q2 25 | 23.6% | 1.8% | ||
| Q1 25 | -16.9% | -18.8% | ||
| Q4 24 | 9.2% | 27.1% | ||
| Q3 24 | 4.5% | 9.9% | ||
| Q2 24 | -3.3% | -8.8% | ||
| Q1 24 | -9.9% | -17.9% |
资本支出强度HIIOSK
| Q4 25 | 3.9% | 2.2% | ||
| Q3 25 | 3.3% | 0.9% | ||
| Q2 25 | 3.1% | 1.5% | ||
| Q1 25 | 2.5% | 1.7% | ||
| Q4 24 | 3.8% | 3.4% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 3.0% | 1.4% | ||
| Q1 24 | 2.7% | 3.9% |
现金转化率HIIOSK
| Q4 25 | 4.09× | 4.49× | ||
| Q3 25 | 0.81× | 2.49× | ||
| Q2 25 | 5.41× | 0.44× | ||
| Q1 25 | -2.65× | -3.52× | ||
| Q4 24 | 3.18× | 5.17× | ||
| Q3 24 | 2.11× | 1.81× | ||
| Q2 24 | -0.05× | -1.25× | ||
| Q1 24 | -1.32× | -1.98× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
