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亨廷顿·英格尔斯工业（HII）与PVH CORP.（PVH）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PVH CORP.的1.5倍（$3.5B vs $2.3B），亨廷顿·英格尔斯工业净利率更高（4.6% vs 0.2%，领先4.4%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs 1.7%），亨廷顿·英格尔斯工业自由现金流更多（$516.0M vs $-85.1M）
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。
PVH集团是源自美国的知名服饰企业，前身为Phillips-Van Heusen公司，旗下拥有Tommy Hilfiger、Calvin Klein等标志性时尚品牌，同时还获得Kenneth Cole New York、Michael Kors等品牌的授权经营许可，在全球服饰消费市场拥有广泛影响力。
HII vs PVH — 直观对比
营收规模更大
HII
是对方的1.5倍
$2.3B
营收增速更快
HII
高出14.0%
1.7%
净利率更高
HII
高出4.4%
0.2%
自由现金流更多
HII
多$601.1M
$-85.1M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.3B |
| 净利润 | $159.0M | $4.2M |
| 毛利率 | — | 56.3% |
| 营业利润率 | 4.9% | 7.9% |
| 净利率 | 4.6% | 0.2% |
| 营收同比 | 15.7% | 1.7% |
| 净利润同比 | 29.3% | -96.8% |
| 每股收益（稀释后） | $4.06 | $0.09 |
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HIIPVH
| Q4 25 | $3.5B | $2.3B | ||
| Q3 25 | $3.2B | $2.2B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.8B | — |
净利润HIIPVH
| Q4 25 | $159.0M | $4.2M | ||
| Q3 25 | $145.0M | $224.2M | ||
| Q2 25 | $152.0M | $-44.8M | ||
| Q1 25 | $149.0M | — | ||
| Q4 24 | $123.0M | — | ||
| Q3 24 | $101.0M | — | ||
| Q2 24 | $173.0M | — | ||
| Q1 24 | $153.0M | — |
毛利率HIIPVH
| Q4 25 | — | 56.3% | ||
| Q3 25 | — | 57.7% | ||
| Q2 25 | — | 58.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率HIIPVH
| Q4 25 | 4.9% | 7.9% | ||
| Q3 25 | 5.0% | 6.1% | ||
| Q2 25 | 5.3% | -16.7% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 6.3% | — | ||
| Q1 24 | 5.5% | — |
净利率HIIPVH
| Q4 25 | 4.6% | 0.2% | ||
| Q3 25 | 4.5% | 10.3% | ||
| Q2 25 | 4.9% | -2.3% | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 5.5% | — |
每股收益（稀释后）HIIPVH
| Q4 25 | $4.06 | $0.09 | ||
| Q3 25 | $3.68 | $4.63 | ||
| Q2 25 | $3.86 | $-0.88 | ||
| 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 | — | $158.2M |
| 总债务越低越好 | $2.7B | $2.3B |
| 股东权益账面价值 | $5.1B | $4.9B |
| 总资产 | $12.7B | $11.4B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资HIIPVH
| Q4 25 | — | $158.2M | ||
| Q3 25 | — | $248.8M | ||
| Q2 25 | — | $191.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $10.0M | — |
总债务HIIPVH
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HIIPVH
| Q4 25 | $5.1B | $4.9B | ||
| Q3 25 | $5.0B | $4.9B | ||
| Q2 25 | $4.9B | $4.6B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.1B | — |
总资产HIIPVH
| Q4 25 | $12.7B | $11.4B | ||
| Q3 25 | $12.3B | $11.6B | ||
| Q2 25 | $12.1B | $10.7B | ||
| Q1 25 | $12.1B | — | ||
| Q4 24 | $12.1B | — | ||
| Q3 24 | $11.1B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.2B | — |
负债/权益比HIIPVH
| Q4 25 | 0.53× | 0.46× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.48× | ||
| 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 | $-44.5M |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $-85.1M |
| 自由现金流率自由现金流/营收 | 14.8% | -3.7% |
| 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× | -10.60× |
| 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HIIPVH
| Q4 25 | $650.0M | $-44.5M | ||
| Q3 25 | $118.0M | $213.1M | ||
| Q2 25 | $823.0M | $-71.4M | ||
| Q1 25 | $-395.0M | — | ||
| Q4 24 | $391.0M | — | ||
| Q3 24 | $213.0M | — | ||
| Q2 24 | $-9.0M | — | ||
| Q1 24 | $-202.0M | — |
自由现金流HIIPVH
| Q4 25 | $516.0M | $-85.1M | ||
| Q3 25 | $13.0M | $181.9M | ||
| Q2 25 | $727.0M | $-98.1M | ||
| Q1 25 | $-462.0M | — | ||
| Q4 24 | $277.0M | — | ||
| Q3 24 | $125.0M | — | ||
| Q2 24 | $-99.0M | — | ||
| Q1 24 | $-277.0M | — |
自由现金流率HIIPVH
| Q4 25 | 14.8% | -3.7% | ||
| Q3 25 | 0.4% | 8.4% | ||
| Q2 25 | 23.6% | -4.9% | ||
| Q1 25 | -16.9% | — | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | -3.3% | — | ||
| Q1 24 | -9.9% | — |
资本支出强度HIIPVH
| Q4 25 | 3.9% | 1.8% | ||
| Q3 25 | 3.3% | 1.4% | ||
| Q2 25 | 3.1% | 1.3% | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.7% | — |
现金转化率HIIPVH
| Q4 25 | 4.09× | -10.60× | ||
| Q3 25 | 0.81× | 0.95× | ||
| Q2 25 | 5.41× | — | ||
| Q1 25 | -2.65× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | -0.05× | — | ||
| Q1 24 | -1.32× | — |
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% |
PVH
| Sales Channel Salesto Wholesale Customers | $1.0B | 44% |
| Sales Channel Sales To Owned And Operated Retail Customers | $868.0M | 38% |
| Sales Channel Sales To Owned And Operated Digital Retail Customers | $186.6M | 8% |
| Licensing | $99.5M | 4% |
| Other | $75.8M | 3% |
| Heritage Brands | $51.3M | 2% |
