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亨廷顿·英格尔斯工业（HII）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是亨廷顿·英格尔斯工业的1.3倍（$4.4B vs $3.5B），标普全球净利率更高（26.8% vs 4.6%，领先22.2%），标普全球同比增速更快（191.7% vs 15.7%），亨廷顿·英格尔斯工业自由现金流更多（$516.0M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% vs 11.3%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
HII vs VG — 直观对比
营收规模更大
VG
是对方的1.3倍
$3.5B
营收增速更快
VG
高出176.0%
15.7%
净利率更高
VG
高出22.2%
4.6%
自由现金流更多
HII
多$2.0B
$-1.5B
两年增速更快
VG
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.4B |
| 净利润 | $159.0M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 38.7% |
| 净利率 | 4.6% | 26.8% |
| 营收同比 | 15.7% | 191.7% |
| 净利润同比 | 29.3% | 20.3% |
| 每股收益（稀释后） | $4.06 | $0.41 |
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HIIVG
| Q4 25 | $3.5B | $4.4B | ||
| Q3 25 | $3.2B | $3.3B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $2.7B | $2.9B | ||
| Q4 24 | $3.0B | $1.5B | ||
| Q3 24 | $2.7B | $926.0M | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $2.8B | $1.4B |
净利润HIIVG
| Q4 25 | $159.0M | $1.2B | ||
| Q3 25 | $145.0M | $550.0M | ||
| Q2 25 | $152.0M | $475.0M | ||
| Q1 25 | $149.0M | $517.0M | ||
| Q4 24 | $123.0M | $990.0M | ||
| Q3 24 | $101.0M | $-294.0M | ||
| Q2 24 | $173.0M | $352.0M | ||
| Q1 24 | $153.0M | $698.0M |
营业利润率HIIVG
| Q4 25 | 4.9% | 38.7% | ||
| Q3 25 | 5.0% | 39.7% | ||
| Q2 25 | 5.3% | 33.5% | ||
| Q1 25 | 5.9% | 37.3% | ||
| Q4 24 | 3.7% | 39.0% | ||
| Q3 24 | 3.0% | 20.4% | ||
| Q2 24 | 6.3% | 32.8% | ||
| Q1 24 | 5.5% | 43.6% |
净利率HIIVG
| Q4 25 | 4.6% | 26.8% | ||
| Q3 25 | 4.5% | 16.5% | ||
| Q2 25 | 4.9% | 15.3% | ||
| Q1 25 | 5.4% | 17.9% | ||
| Q4 24 | 4.1% | 65.0% | ||
| Q3 24 | 3.7% | -31.7% | ||
| Q2 24 | 5.8% | 31.8% | ||
| Q1 24 | 5.5% | 49.4% |
每股收益（稀释后）HIIVG
| Q4 25 | $4.06 | $0.41 | ||
| Q3 25 | $3.68 | $0.16 | ||
| Q2 25 | $3.86 | $0.14 | ||
| Q1 25 | $3.79 | $0.15 | ||
| Q4 24 | $3.15 | $0.35 | ||
| Q3 24 | $2.56 | $-0.15 | ||
| Q2 24 | $4.38 | $0.12 | ||
| Q1 24 | $3.87 | $0.25 |
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 | — | $2.4B |
| 总债务越低越好 | $2.7B | $34.2B |
| 股东权益账面价值 | $5.1B | $6.7B |
| 总资产 | $12.7B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.53× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资HIIVG
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $10.0M | — |
总债务HIIVG
| Q4 25 | $2.7B | $34.2B | ||
| Q3 25 | — | $32.6B | ||
| Q2 25 | — | $30.0B | ||
| Q1 25 | — | $29.3B | ||
| Q4 24 | $2.7B | $29.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HIIVG
| Q4 25 | $5.1B | $6.7B | ||
| Q3 25 | $5.0B | $5.7B | ||
| Q2 25 | $4.9B | $5.3B | ||
| Q1 25 | $4.8B | $4.9B | ||
| Q4 24 | $4.7B | $2.9B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.1B | — |
总资产HIIVG
| Q4 25 | $12.7B | $53.4B | ||
| Q3 25 | $12.3B | $50.1B | ||
| Q2 25 | $12.1B | $46.5B | ||
| Q1 25 | $12.1B | $45.1B | ||
| Q4 24 | $12.1B | $43.5B | ||
| Q3 24 | $11.1B | — | ||
| Q2 24 | $11.3B | — | ||
| Q1 24 | $11.2B | — |
负债/权益比HIIVG
| Q4 25 | 0.53× | 5.07× | ||
| Q3 25 | — | 5.73× | ||
| Q2 25 | — | 5.69× | ||
| Q1 25 | — | 6.01× | ||
| Q4 24 | 0.58× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $-1.5B |
| 自由现金流率自由现金流/营收 | 14.8% | -34.1% |
| 资本支出强度资本支出/营收 | 3.9% | 81.6% |
| 现金转化率经营现金流/净利润 | 4.09× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $794.0M | $-6.8B |
8季度趋势，按日历期对齐
经营现金流HIIVG
| Q4 25 | $650.0M | $2.1B | ||
| Q3 25 | $118.0M | $1.9B | ||
| Q2 25 | $823.0M | $1.5B | ||
| Q1 25 | $-395.0M | $1.1B | ||
| Q4 24 | $391.0M | — | ||
| Q3 24 | $213.0M | — | ||
| Q2 24 | $-9.0M | — | ||
| Q1 24 | $-202.0M | $638.0M |
自由现金流HIIVG
| Q4 25 | $516.0M | $-1.5B | ||
| Q3 25 | $13.0M | $-1.4B | ||
| Q2 25 | $727.0M | $-1.5B | ||
| Q1 25 | $-462.0M | $-2.4B | ||
| Q4 24 | $277.0M | — | ||
| Q3 24 | $125.0M | — | ||
| Q2 24 | $-99.0M | — | ||
| Q1 24 | $-277.0M | $-2.4B |
自由现金流率HIIVG
| Q4 25 | 14.8% | -34.1% | ||
| Q3 25 | 0.4% | -42.4% | ||
| Q2 25 | 23.6% | -49.1% | ||
| Q1 25 | -16.9% | -81.3% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | -3.3% | — | ||
| Q1 24 | -9.9% | -167.3% |
资本支出强度HIIVG
| Q4 25 | 3.9% | 81.6% | ||
| Q3 25 | 3.3% | 98.9% | ||
| Q2 25 | 3.1% | 96.1% | ||
| Q1 25 | 2.5% | 119.8% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.7% | 212.4% |
现金转化率HIIVG
| Q4 25 | 4.09× | 1.77× | ||
| Q3 25 | 0.81× | 3.42× | ||
| Q2 25 | 5.41× | 3.07× | ||
| Q1 25 | -2.65× | 2.15× | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | -0.05× | — | ||
| Q1 24 | -1.32× | 0.91× |
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
