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亨廷顿·英格尔斯工业（HII）与Tennessee Valley Authority（TVE）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Tennessee Valley Authority的1.1倍（$3.5B vs $3.0B），Tennessee Valley Authority净利率更高（8.7% vs 4.6%，领先4.1%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs 4.4%），亨廷顿·英格尔斯工业自由现金流更多（$516.0M vs $-814.0M），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 -1.7%）
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。
田纳西河流域管理局（TVA）是美国联邦政府所有的电力公用事业企业，服务范围覆盖田纳西州全境，以及阿拉巴马州、密西西比州、肯塔基州的部分区域，还涵盖佐治亚州、北卡罗来纳州、弗吉尼亚州的小块区域。该企业虽归属联邦政府，但不依赖纳税人资金运营，运营模式与私营盈利企业类似，总部位于田纳西州诺克斯维尔。
HII vs TVE — 直观对比
营收规模更大
HII
是对方的1.1倍
$3.0B
营收增速更快
HII
高出11.3%
4.4%
净利率更高
TVE
高出4.1%
4.6%
自由现金流更多
HII
多$1.3B
$-814.0M
两年增速更快
HII
近两年复合增速
-1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $3.0B |
| 净利润 | $159.0M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 18.1% |
| 净利率 | 4.6% | 8.7% |
| 营收同比 | 15.7% | 4.4% |
| 净利润同比 | 29.3% | 112.8% |
| 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HIITVE
| Q4 25 | $3.5B | $3.0B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | $3.1B | $3.3B | ||
| Q1 25 | $2.7B | $3.5B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $2.7B | $3.5B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $2.8B | $3.2B |
净利润HIITVE
| Q4 25 | $159.0M | $266.0M | ||
| Q3 25 | $145.0M | $615.0M | ||
| Q2 25 | $152.0M | $212.0M | ||
| Q1 25 | $149.0M | $408.0M | ||
| Q4 24 | $123.0M | $125.0M | ||
| Q3 24 | $101.0M | $520.0M | ||
| Q2 24 | $173.0M | $181.0M | ||
| Q1 24 | $153.0M | $307.0M |
营业利润率HIITVE
| Q4 25 | 4.9% | 18.1% | ||
| Q3 25 | 5.0% | 23.6% | ||
| Q2 25 | 5.3% | 15.6% | ||
| Q1 25 | 5.9% | 20.3% | ||
| Q4 24 | 3.7% | 14.1% | ||
| Q3 24 | 3.0% | 22.7% | ||
| Q2 24 | 6.3% | 15.9% | ||
| Q1 24 | 5.5% | 18.4% |
净利率HIITVE
| Q4 25 | 4.6% | 8.7% | ||
| Q3 25 | 4.5% | 15.7% | ||
| Q2 25 | 4.9% | 6.4% | ||
| Q1 25 | 5.4% | 11.6% | ||
| Q4 24 | 4.1% | 4.3% | ||
| Q3 24 | 3.7% | 14.8% | ||
| Q2 24 | 5.8% | 6.3% | ||
| Q1 24 | 5.5% | 9.7% |
每股收益（稀释后）HIITVE
| 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 | — | $501.0M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $5.1B | — |
| 总资产 | $12.7B | $59.5B |
| 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HIITVE
| Q4 25 | — | $501.0M | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $501.0M | ||
| Q1 25 | — | $502.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | — | $502.0M | ||
| Q2 24 | — | $501.0M | ||
| Q1 24 | $10.0M | $508.0M |
总债务HIITVE
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | $22.1B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | $19.1B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HIITVE
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.1B | — |
总资产HIITVE
| Q4 25 | $12.7B | $59.5B | ||
| Q3 25 | $12.3B | $60.9B | ||
| Q2 25 | $12.1B | $59.9B | ||
| Q1 25 | $12.1B | $59.3B | ||
| Q4 24 | $12.1B | $58.4B | ||
| Q3 24 | $11.1B | $57.7B | ||
| Q2 24 | $11.3B | $56.2B | ||
| Q1 24 | $11.2B | $52.3B |
负债/权益比HIITVE
| Q4 25 | 0.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | $330.0M |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $-814.0M |
| 自由现金流率自由现金流/营收 | 14.8% | -26.7% |
| 资本支出强度资本支出/营收 | 3.9% | 37.5% |
| 现金转化率经营现金流/净利润 | 4.09× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $794.0M | $-1.2B |
8季度趋势，按日历期对齐
经营现金流HIITVE
| Q4 25 | $650.0M | $330.0M | ||
| Q3 25 | $118.0M | $1.2B | ||
| Q2 25 | $823.0M | $615.0M | ||
| Q1 25 | $-395.0M | $1.0B | ||
| Q4 24 | $391.0M | $450.0M | ||
| Q3 24 | $213.0M | $1.1B | ||
| Q2 24 | $-9.0M | $508.0M | ||
| Q1 24 | $-202.0M | $1.0B |
自由现金流HIITVE
| Q4 25 | $516.0M | $-814.0M | ||
| Q3 25 | $13.0M | $233.0M | ||
| Q2 25 | $727.0M | $-431.0M | ||
| Q1 25 | $-462.0M | $-176.0M | ||
| Q4 24 | $277.0M | $-759.0M | ||
| Q3 24 | $125.0M | $164.0M | ||
| Q2 24 | $-99.0M | $-248.0M | ||
| Q1 24 | $-277.0M | $276.0M |
自由现金流率HIITVE
| Q4 25 | 14.8% | -26.7% | ||
| Q3 25 | 0.4% | 6.0% | ||
| Q2 25 | 23.6% | -13.0% | ||
| Q1 25 | -16.9% | -5.0% | ||
| Q4 24 | 9.2% | -26.0% | ||
| Q3 24 | 4.5% | 4.7% | ||
| Q2 24 | -3.3% | -8.6% | ||
| Q1 24 | -9.9% | 8.8% |
资本支出强度HIITVE
| Q4 25 | 3.9% | 37.5% | ||
| Q3 25 | 3.3% | 25.9% | ||
| Q2 25 | 3.1% | 31.6% | ||
| Q1 25 | 2.5% | 33.6% | ||
| Q4 24 | 3.8% | 41.4% | ||
| Q3 24 | 3.2% | 25.6% | ||
| Q2 24 | 3.0% | 26.3% | ||
| Q1 24 | 2.7% | 24.2% |
现金转化率HIITVE
| Q4 25 | 4.09× | 1.24× | ||
| Q3 25 | 0.81× | 2.03× | ||
| Q2 25 | 5.41× | 2.90× | ||
| Q1 25 | -2.65× | 2.48× | ||
| Q4 24 | 3.18× | 3.60× | ||
| Q3 24 | 2.11× | 2.05× | ||
| Q2 24 | -0.05× | 2.81× | ||
| Q1 24 | -1.32× | 3.38× |
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% |
TVE
| TN | $2.0B | 65% |
| AL | $449.0M | 15% |
| MS | $266.0M | 9% |
| KY | $193.0M | 6% |
| GA | $75.0M | 2% |
| Federal Agencies And Other | $29.0M | 1% |
| NC | $23.0M | 1% |
| VA | $12.0M | 0% |
| Off System Sales Member | $2.0M | 0% |
