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亨廷顿·英格尔斯工业（HII）与派克汉尼汾（PH）财务数据对比。点击上方公司名可切换其他公司
派克汉尼汾的季度营收约是亨廷顿·英格尔斯工业的1.5倍（$5.2B vs $3.5B），亨廷顿·英格尔斯工业同比增速更快（15.7% vs 9.1%），派克汉尼汾自由现金流更多（$768.0M 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 1.0%）
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。
派克汉尼汾（常简称为派克）是一家专注于运动与控制技术的美国企业，前身为派克电器公司，总部坐落于俄亥俄州大克利夫兰都市区的梅菲尔德高地，其技术及产品广泛应用于工业制造、航空航天等多个核心领域。
HII vs PH — 直观对比
营收规模更大
PH
是对方的1.5倍
$3.5B
营收增速更快
HII
高出6.6%
9.1%
自由现金流更多
PH
多$252.0M
$516.0M
两年增速更快
HII
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $5.2B |
| 净利润 | $159.0M | — |
| 毛利率 | — | 37.3% |
| 营业利润率 | 4.9% | 22.8% |
| 净利率 | 4.6% | — |
| 营收同比 | 15.7% | 9.1% |
| 净利润同比 | 29.3% | — |
| 每股收益（稀释后） | $4.06 | $6.60 |
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HIIPH
| Q4 25 | $3.5B | $5.2B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.1B | $5.2B | ||
| Q1 25 | $2.7B | $5.0B | ||
| Q4 24 | $3.0B | $4.7B | ||
| Q3 24 | $2.7B | $4.9B | ||
| Q2 24 | $3.0B | $5.2B | ||
| Q1 24 | $2.8B | $5.1B |
净利润HIIPH
| Q4 25 | $159.0M | — | ||
| Q3 25 | $145.0M | — | ||
| Q2 25 | $152.0M | $923.6M | ||
| Q1 25 | $149.0M | $961.2M | ||
| Q4 24 | $123.0M | $948.6M | ||
| Q3 24 | $101.0M | $698.5M | ||
| Q2 24 | $173.0M | $785.1M | ||
| Q1 24 | $153.0M | $726.7M |
毛利率HIIPH
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 37.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 36.3% | ||
| Q3 24 | — | 36.8% | ||
| Q2 24 | — | 35.9% | ||
| Q1 24 | — | 35.4% |
营业利润率HIIPH
| Q4 25 | 4.9% | 22.8% | ||
| Q3 25 | 5.0% | 23.3% | ||
| Q2 25 | 5.3% | 22.7% | ||
| Q1 25 | 5.9% | 22.3% | ||
| Q4 24 | 3.7% | 20.9% | ||
| Q3 24 | 3.0% | 21.6% | ||
| Q2 24 | 6.3% | 21.1% | ||
| Q1 24 | 5.5% | 20.4% |
净利率HIIPH
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 4.9% | 17.6% | ||
| Q1 25 | 5.4% | 19.4% | ||
| Q4 24 | 4.1% | 20.0% | ||
| Q3 24 | 3.7% | 14.2% | ||
| Q2 24 | 5.8% | 15.1% | ||
| Q1 24 | 5.5% | 14.3% |
每股收益（稀释后）HIIPH
| Q4 25 | $4.06 | $6.60 | ||
| Q3 25 | $3.68 | $6.29 | ||
| Q2 25 | $3.86 | $7.16 | ||
| Q1 25 | $3.79 | $7.37 | ||
| Q4 24 | $3.15 | $7.25 | ||
| Q3 24 | $2.56 | $5.34 | ||
| Q2 24 | $4.38 | $6.06 | ||
| Q1 24 | $3.87 | $5.56 |
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 | — | $427.0M |
| 总债务越低越好 | $2.7B | $7.5B |
| 股东权益账面价值 | $5.1B | $14.3B |
| 总资产 | $12.7B | $30.5B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资HIIPH
| Q4 25 | — | $427.0M | ||
| Q3 25 | — | $473.0M | ||
| Q2 25 | — | $467.0M | ||
| Q1 25 | — | $408.7M | ||
| Q4 24 | — | $395.5M | ||
| Q3 24 | — | $371.1M | ||
| Q2 24 | — | $422.0M | ||
| Q1 24 | $10.0M | $415.5M |
总债务HIIPH
| Q4 25 | $2.7B | $7.5B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | $2.7B | $6.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $7.3B |
股东权益HIIPH
| Q4 25 | $5.1B | $14.3B | ||
| Q3 25 | $5.0B | $13.8B | ||
| Q2 25 | $4.9B | $13.7B | ||
| Q1 25 | $4.8B | $13.4B | ||
| Q4 24 | $4.7B | $13.1B | ||
| Q3 24 | $4.2B | $12.9B | ||
| Q2 24 | $4.2B | $12.1B | ||
| Q1 24 | $4.1B | $11.6B |
总资产HIIPH
| Q4 25 | $12.7B | $30.5B | ||
| Q3 25 | $12.3B | $30.7B | ||
| Q2 25 | $12.1B | $29.5B | ||
| Q1 25 | $12.1B | $28.9B | ||
| Q4 24 | $12.1B | $28.3B | ||
| Q3 24 | $11.1B | $29.6B | ||
| Q2 24 | $11.3B | $29.3B | ||
| Q1 24 | $11.2B | $29.6B |
负债/权益比HIIPH
| Q4 25 | 0.53× | 0.52× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | 0.58× | 0.51× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.59× | ||
| Q1 24 | — | 0.63× |
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 | $862.0M |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $768.0M |
| 自由现金流率自由现金流/营收 | 14.8% | 14.8% |
| 资本支出强度资本支出/营收 | 3.9% | 1.8% |
| 现金转化率经营现金流/净利润 | 4.09× | — |
| 过去12个月自由现金流最近4个季度 | $794.0M | $3.3B |
8季度趋势，按日历期对齐
经营现金流HIIPH
| Q4 25 | $650.0M | $862.0M | ||
| Q3 25 | $118.0M | $782.0M | ||
| Q2 25 | $823.0M | $1.5B | ||
| Q1 25 | $-395.0M | $630.0M | ||
| Q4 24 | $391.0M | $934.8M | ||
| Q3 24 | $213.0M | $744.0M | ||
| Q2 24 | $-9.0M | $1.2B | ||
| Q1 24 | $-202.0M | $795.1M |
自由现金流HIIPH
| Q4 25 | $516.0M | $768.0M | ||
| Q3 25 | $13.0M | $693.0M | ||
| Q2 25 | $727.0M | $1.3B | ||
| Q1 25 | $-462.0M | $542.4M | ||
| Q4 24 | $277.0M | $813.6M | ||
| Q3 24 | $125.0M | $648.7M | ||
| Q2 24 | $-99.0M | $1.1B | ||
| Q1 24 | $-277.0M | $715.9M |
自由现金流率HIIPH
| Q4 25 | 14.8% | 14.8% | ||
| Q3 25 | 0.4% | 13.6% | ||
| Q2 25 | 23.6% | 25.5% | ||
| Q1 25 | -16.9% | 10.9% | ||
| Q4 24 | 9.2% | 17.2% | ||
| Q3 24 | 4.5% | 13.2% | ||
| Q2 24 | -3.3% | 21.6% | ||
| Q1 24 | -9.9% | 14.1% |
资本支出强度HIIPH
| Q4 25 | 3.9% | 1.8% | ||
| Q3 25 | 3.3% | 1.8% | ||
| Q2 25 | 3.1% | 2.5% | ||
| Q1 25 | 2.5% | 1.8% | ||
| Q4 24 | 3.8% | 2.6% | ||
| Q3 24 | 3.2% | 1.9% | ||
| Q2 24 | 3.0% | 2.3% | ||
| Q1 24 | 2.7% | 1.6% |
现金转化率HIIPH
| Q4 25 | 4.09× | — | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 5.41× | 1.59× | ||
| Q1 25 | -2.65× | 0.66× | ||
| Q4 24 | 3.18× | 0.99× | ||
| Q3 24 | 2.11× | 1.07× | ||
| Q2 24 | -0.05× | 1.58× | ||
| Q1 24 | -1.32× | 1.09× |
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% |
PH
| Filtration And Engineered Materials | $1.5B | 28% |
| Other | $1.1B | 22% |
| Motion Systems | $893.0M | 17% |
| Commercial Aftermarket | $619.0M | 12% |
| Commercial Original Equipment Manufacturer | $561.0M | 11% |
| Defense Original Equipment Manufacturer | $305.0M | 6% |
| Defense Aftermarket | $221.0M | 4% |
