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亨廷顿·英格尔斯工业（HII）与北极星（PII）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北极星的1.0倍（$1.7B vs $1.7B），亨廷顿·英格尔斯工业净利率更高（8.9% vs -2.8%，领先11.8%），亨廷顿·英格尔斯工业同比增速更快（13.8% vs 8.0%），北极星自由现金流更多（$-342.5M vs $-461.0M），过去两年北极星的营收复合增速更高（-8.0% vs -25.2%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
HII vs PII — 直观对比
营收规模更大
HII
是对方的1.0倍
$1.7B
营收增速更快
HII
高出5.8%
8.0%
净利率更高
HII
高出11.8%
-2.8%
自由现金流更多
PII
多$118.5M
$-461.0M
两年增速更快
PII
近两年复合增速
-25.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $149.0M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 9.3% | 76.5% |
| 净利率 | 8.9% | -2.8% |
| 营收同比 | 13.8% | 8.0% |
| 净利润同比 | — | 29.0% |
| 每股收益（稀释后） | $3.79 | $-0.83 |
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HIIPII
| Q1 26 | $1.7B | $1.7B | ||
| Q4 25 | $3.5B | $1.9B | ||
| Q3 25 | $3.2B | $1.8B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $2.7B | $1.7B | ||
| Q2 24 | $3.0B | $2.0B |
净利润HIIPII
| Q1 26 | $149.0M | $-47.2M | ||
| Q4 25 | $159.0M | $-303.6M | ||
| Q3 25 | $145.0M | $-15.8M | ||
| Q2 25 | $152.0M | $-79.3M | ||
| Q1 25 | $149.0M | $-66.8M | ||
| Q4 24 | $123.0M | $10.6M | ||
| Q3 24 | $101.0M | $27.7M | ||
| Q2 24 | $173.0M | $68.7M |
毛利率HIIPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率HIIPII
| Q1 26 | 9.3% | 76.5% | ||
| Q4 25 | 4.9% | -16.7% | ||
| Q3 25 | 5.0% | 1.1% | ||
| Q2 25 | 5.3% | -0.7% | ||
| Q1 25 | 5.9% | -2.4% | ||
| Q4 24 | 3.7% | 3.7% | ||
| Q3 24 | 3.0% | 3.8% | ||
| Q2 24 | 6.3% | 6.1% |
净利率HIIPII
| Q1 26 | 8.9% | -2.8% | ||
| Q4 25 | 4.6% | -15.8% | ||
| Q3 25 | 4.5% | -0.9% | ||
| Q2 25 | 4.9% | -4.3% | ||
| Q1 25 | 5.4% | -4.3% | ||
| Q4 24 | 4.1% | 0.6% | ||
| Q3 24 | 3.7% | 1.6% | ||
| Q2 24 | 5.8% | 3.5% |
每股收益（稀释后）HIIPII
| Q1 26 | $3.79 | $-0.83 | ||
| Q4 25 | $4.06 | $-5.34 | ||
| Q3 25 | $3.68 | $-0.28 | ||
| Q2 25 | $3.86 | $-1.39 | ||
| Q1 25 | $3.79 | $-1.17 | ||
| Q4 24 | $3.15 | $0.18 | ||
| Q3 24 | $2.56 | $0.49 | ||
| Q2 24 | $4.38 | $1.21 |
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 | $216.0M | $282.0M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $5.1B | $750.4M |
| 总资产 | $12.5B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资HIIPII
| Q1 26 | $216.0M | $282.0M | ||
| Q4 25 | — | $138.0M | ||
| Q3 25 | — | $335.5M | ||
| Q2 25 | — | $324.3M | ||
| Q1 25 | — | $291.7M | ||
| Q4 24 | — | $287.8M | ||
| Q3 24 | — | $291.3M | ||
| Q2 24 | — | $322.7M |
总债务HIIPII
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $2.7B | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益HIIPII
| Q1 26 | $5.1B | $750.4M | ||
| Q4 25 | $5.1B | $828.4M | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $4.9B | $1.2B | ||
| Q1 25 | $4.8B | $1.2B | ||
| Q4 24 | $4.7B | $1.3B | ||
| Q3 24 | $4.2B | $1.3B | ||
| Q2 24 | $4.2B | $1.3B |
总资产HIIPII
| Q1 26 | $12.5B | $5.2B | ||
| Q4 25 | $12.7B | $4.9B | ||
| Q3 25 | $12.3B | $5.3B | ||
| Q2 25 | $12.1B | $5.4B | ||
| Q1 25 | $12.1B | $5.5B | ||
| Q4 24 | $12.1B | $5.5B | ||
| Q3 24 | $11.1B | $5.6B | ||
| Q2 24 | $11.3B | $5.7B |
负债/权益比HIIPII
| Q1 26 | 0.52× | — | ||
| Q4 25 | 0.53× | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 0.58× | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | $-390.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-461.0M | $-342.5M |
| 自由现金流率自由现金流/营收 | -27.7% | -20.6% |
| 资本支出强度资本支出/营收 | 4.4% | — |
| 现金转化率经营现金流/净利润 | -2.62× | — |
| 过去12个月自由现金流最近4个季度 | $795.0M | $168.0M |
8季度趋势，按日历期对齐
经营现金流HIIPII
| Q1 26 | $-390.0M | — | ||
| Q4 25 | $650.0M | $178.7M | ||
| Q3 25 | $118.0M | $158.8M | ||
| Q2 25 | $823.0M | $320.3M | ||
| Q1 25 | $-395.0M | $83.2M | ||
| Q4 24 | $391.0M | $206.3M | ||
| Q3 24 | $213.0M | $21.0M | ||
| Q2 24 | $-9.0M | $146.3M |
自由现金流HIIPII
| Q1 26 | $-461.0M | $-342.5M | ||
| Q4 25 | $516.0M | $114.0M | ||
| Q3 25 | $13.0M | $116.7M | ||
| Q2 25 | $727.0M | $279.8M | ||
| Q1 25 | $-462.0M | $47.6M | ||
| Q4 24 | $277.0M | $137.3M | ||
| Q3 24 | $125.0M | $-32.4M | ||
| Q2 24 | $-99.0M | $79.1M |
自由现金流率HIIPII
| Q1 26 | -27.7% | -20.6% | ||
| Q4 25 | 14.8% | 5.9% | ||
| Q3 25 | 0.4% | 6.3% | ||
| Q2 25 | 23.6% | 15.1% | ||
| Q1 25 | -16.9% | 3.1% | ||
| Q4 24 | 9.2% | 7.8% | ||
| Q3 24 | 4.5% | -1.9% | ||
| Q2 24 | -3.3% | 4.0% |
资本支出强度HIIPII
| Q1 26 | 4.4% | — | ||
| Q4 25 | 3.9% | 3.4% | ||
| Q3 25 | 3.3% | 2.3% | ||
| Q2 25 | 3.1% | 2.2% | ||
| Q1 25 | 2.5% | 2.3% | ||
| Q4 24 | 3.8% | 3.9% | ||
| Q3 24 | 3.2% | 3.1% | ||
| Q2 24 | 3.0% | 3.4% |
现金转化率HIIPII
| Q1 26 | -2.62× | — | ||
| Q4 25 | 4.09× | — | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 5.41× | — | ||
| Q1 25 | -2.65× | — | ||
| Q4 24 | 3.18× | 19.46× | ||
| Q3 24 | 2.11× | 0.76× | ||
| Q2 24 | -0.05× | 2.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
