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亨廷顿·英格尔斯工业（HII）与西部数据（WDC）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西部数据的1.2倍（$3.5B vs $3.0B），西部数据净利率更高（61.1% vs 4.6%，领先56.5%），西部数据同比增速更快（31.5% vs 15.7%），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 -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
HII vs WDC — 直观对比
营收规模更大
HII
是对方的1.2倍
$3.0B
营收增速更快
WDC
高出15.8%
15.7%
净利率更高
WDC
高出56.5%
4.6%
两年增速更快
HII
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $3.0B |
| 净利润 | $159.0M | $1.8B |
| 毛利率 | — | 45.7% |
| 营业利润率 | 4.9% | 30.1% |
| 净利率 | 4.6% | 61.1% |
| 营收同比 | 15.7% | 31.5% |
| 净利润同比 | 29.3% | 254.2% |
| 每股收益（稀释后） | $4.06 | $4.73 |
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HIIWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.5B | $2.8B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.1B | $-1.2B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $3.0B | $4.3B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $3.0B | $3.8B |
净利润HIIWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $159.0M | $1.2B | ||
| Q3 25 | $145.0M | — | ||
| Q2 25 | $152.0M | $282.0M | ||
| Q1 25 | $149.0M | $520.0M | ||
| Q4 24 | $123.0M | $594.0M | ||
| Q3 24 | $101.0M | $493.0M | ||
| Q2 24 | $173.0M | $39.0M |
毛利率HIIWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 35.9% |
营业利润率HIIWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 4.9% | 28.1% | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 5.9% | 33.1% | ||
| Q4 24 | 3.7% | 19.9% | ||
| Q3 24 | 3.0% | 18.1% | ||
| Q2 24 | 6.3% | 5.7% |
净利率HIIWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 4.6% | 41.9% | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 4.9% | -24.4% | ||
| Q1 25 | 5.4% | 22.7% | ||
| Q4 24 | 4.1% | 13.9% | ||
| Q3 24 | 3.7% | 12.0% | ||
| Q2 24 | 5.8% | 1.0% |
每股收益（稀释后）HIIWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $4.06 | $3.07 | ||
| Q3 25 | $3.68 | — | ||
| Q2 25 | $3.86 | $0.72 | ||
| Q1 25 | $3.79 | $1.42 | ||
| Q4 24 | $3.15 | $1.63 | ||
| Q3 24 | $2.56 | $1.35 | ||
| Q2 24 | $4.38 | $0.15 |
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 | — | $2.0B |
| 总债务越低越好 | $2.7B | $4.7B |
| 股东权益账面价值 | $5.1B | $7.1B |
| 总资产 | $12.7B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.53× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资HIIWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B |
总债务HIIWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | $2.7B | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | $2.7B | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
股东权益HIIWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $5.1B | $5.9B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | $5.3B | ||
| Q1 25 | $4.8B | $5.2B | ||
| Q4 24 | $4.7B | $12.1B | ||
| Q3 24 | $4.2B | $11.6B | ||
| Q2 24 | $4.2B | $10.8B |
总资产HIIWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $12.7B | $14.4B | ||
| Q3 25 | $12.3B | — | ||
| Q2 25 | $12.1B | $14.0B | ||
| Q1 25 | $12.1B | $16.4B | ||
| Q4 24 | $12.1B | $25.5B | ||
| Q3 24 | $11.1B | $24.8B | ||
| Q2 24 | $11.3B | $24.2B |
负债/权益比HIIWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.53× | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | 0.58× | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.69× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $516.0M | — |
| 自由现金流率自由现金流/营收 | 14.8% | — |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流HIIWDC
| Q1 26 | — | — | ||
| Q4 25 | $650.0M | $672.0M | ||
| Q3 25 | $118.0M | — | ||
| Q2 25 | $823.0M | $746.0M | ||
| Q1 25 | $-395.0M | $508.0M | ||
| Q4 24 | $391.0M | $403.0M | ||
| Q3 24 | $213.0M | $34.0M | ||
| Q2 24 | $-9.0M | $366.0M |
自由现金流HIIWDC
| Q1 26 | — | — | ||
| Q4 25 | $516.0M | $599.0M | ||
| Q3 25 | $13.0M | — | ||
| Q2 25 | $727.0M | $675.0M | ||
| Q1 25 | $-462.0M | $379.0M | ||
| Q4 24 | $277.0M | $287.0M | ||
| Q3 24 | $125.0M | $-62.0M | ||
| Q2 24 | $-99.0M | $250.0M |
自由现金流率HIIWDC
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 21.3% | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 23.6% | -58.5% | ||
| Q1 25 | -16.9% | 16.5% | ||
| Q4 24 | 9.2% | 6.7% | ||
| Q3 24 | 4.5% | -1.5% | ||
| Q2 24 | -3.3% | 6.6% |
资本支出强度HIIWDC
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 2.6% | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 3.1% | -6.2% | ||
| Q1 25 | 2.5% | 5.6% | ||
| Q4 24 | 3.8% | 2.7% | ||
| Q3 24 | 3.2% | 2.3% | ||
| Q2 24 | 3.0% | 3.1% |
现金转化率HIIWDC
| Q1 26 | — | — | ||
| Q4 25 | 4.09× | 0.57× | ||
| Q3 25 | 0.81× | — | ||
| Q2 25 | 5.41× | 2.65× | ||
| Q1 25 | -2.65× | 0.98× | ||
| Q4 24 | 3.18× | 0.68× | ||
| Q3 24 | 2.11× | 0.07× | ||
| Q2 24 | -0.05× | 9.38× |
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% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
