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亨廷顿·英格尔斯工业（HII）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是亨廷顿·英格尔斯工业的1.1倍（$3.8B vs $3.5B），Williams Companies净利率更高（19.1% vs 4.6%，领先14.5%），亨廷顿·英格尔斯工业同比增速更快（15.7% vs 12.7%），亨廷顿·英格尔斯工业自由现金流更多（$516.0M vs $-379.0M），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 7.3%）
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。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
HII vs WMB — 直观对比
营收规模更大
WMB
是对方的1.1倍
$3.5B
营收增速更快
HII
高出3.0%
12.7%
净利率更高
WMB
高出14.5%
4.6%
自由现金流更多
HII
多$895.0M
$-379.0M
两年增速更快
HII
近两年复合增速
7.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $3.8B |
| 净利润 | $159.0M | $734.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 27.3% |
| 净利率 | 4.6% | 19.1% |
| 营收同比 | 15.7% | 12.7% |
| 净利润同比 | 29.3% | 51.0% |
| 每股收益（稀释后） | $4.06 | $0.60 |
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HIIWMB
| Q4 25 | $3.5B | $3.8B | ||
| Q3 25 | $3.2B | $3.5B | ||
| Q2 25 | $3.1B | $3.4B | ||
| Q1 25 | $2.7B | $4.2B | ||
| Q4 24 | $3.0B | $3.4B | ||
| Q3 24 | $2.7B | $3.0B | ||
| Q2 24 | $3.0B | $2.8B | ||
| Q1 24 | $2.8B | $3.3B |
净利润HIIWMB
| Q4 25 | $159.0M | $734.0M | ||
| Q3 25 | $145.0M | $647.0M | ||
| Q2 25 | $152.0M | $546.0M | ||
| Q1 25 | $149.0M | $691.0M | ||
| Q4 24 | $123.0M | $486.0M | ||
| Q3 24 | $101.0M | $706.0M | ||
| Q2 24 | $173.0M | $401.0M | ||
| Q1 24 | $153.0M | $632.0M |
营业利润率HIIWMB
| Q4 25 | 4.9% | 27.3% | ||
| Q3 25 | 5.0% | 31.8% | ||
| Q2 25 | 5.3% | 28.0% | ||
| Q1 25 | 5.9% | 26.1% | ||
| Q4 24 | 3.7% | 23.2% | ||
| Q3 24 | 3.0% | 27.6% | ||
| Q2 24 | 6.3% | 24.4% | ||
| Q1 24 | 5.5% | 30.3% |
净利率HIIWMB
| Q4 25 | 4.6% | 19.1% | ||
| Q3 25 | 4.5% | 18.5% | ||
| Q2 25 | 4.9% | 16.2% | ||
| Q1 25 | 5.4% | 16.5% | ||
| Q4 24 | 4.1% | 14.2% | ||
| Q3 24 | 3.7% | 23.3% | ||
| Q2 24 | 5.8% | 14.1% | ||
| Q1 24 | 5.5% | 18.9% |
每股收益（稀释后）HIIWMB
| Q4 25 | $4.06 | $0.60 | ||
| Q3 25 | $3.68 | $0.53 | ||
| Q2 25 | $3.86 | $0.45 | ||
| Q1 25 | $3.79 | $0.56 | ||
| Q4 24 | $3.15 | $0.39 | ||
| Q3 24 | $2.56 | $0.58 | ||
| Q2 24 | $4.38 | $0.33 | ||
| Q1 24 | $3.87 | $0.52 |
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 | — | — |
| 总债务越低越好 | $2.7B | $27.3B |
| 股东权益账面价值 | $5.1B | $12.8B |
| 总资产 | $12.7B | $58.6B |
| 负债/权益比越低杠杆越低 | 0.53× | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资HIIWMB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $10.0M | — |
总债务HIIWMB
| Q4 25 | $2.7B | $27.3B | ||
| Q3 25 | — | $25.6B | ||
| Q2 25 | — | $25.6B | ||
| Q1 25 | — | $24.1B | ||
| Q4 24 | $2.7B | $24.7B | ||
| Q3 24 | — | $24.8B | ||
| Q2 24 | — | $24.1B | ||
| Q1 24 | — | $24.1B |
股东权益HIIWMB
| Q4 25 | $5.1B | $12.8B | ||
| Q3 25 | $5.0B | $12.5B | ||
| Q2 25 | $4.9B | $12.4B | ||
| Q1 25 | $4.8B | $12.5B | ||
| Q4 24 | $4.7B | $12.4B | ||
| Q3 24 | $4.2B | $12.4B | ||
| Q2 24 | $4.2B | $12.3B | ||
| Q1 24 | $4.1B | $12.4B |
总资产HIIWMB
| Q4 25 | $12.7B | $58.6B | ||
| Q3 25 | $12.3B | $55.7B | ||
| Q2 25 | $12.1B | $56.1B | ||
| Q1 25 | $12.1B | $54.9B | ||
| Q4 24 | $12.1B | $54.5B | ||
| Q3 24 | $11.1B | $53.8B | ||
| Q2 24 | $11.3B | $52.4B | ||
| Q1 24 | $11.2B | $52.7B |
负债/权益比HIIWMB
| Q4 25 | 0.53× | 2.13× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | 0.58× | 1.99× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 1.96× | ||
| Q1 24 | — | 1.94× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $516.0M | $-379.0M |
| 自由现金流率自由现金流/营收 | 14.8% | -9.9% |
| 资本支出强度资本支出/营收 | 3.9% | 50.9% |
| 现金转化率经营现金流/净利润 | 4.09× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $794.0M | $1.0B |
8季度趋势，按日历期对齐
经营现金流HIIWMB
| Q4 25 | $650.0M | $1.6B | ||
| Q3 25 | $118.0M | $1.4B | ||
| Q2 25 | $823.0M | $1.4B | ||
| Q1 25 | $-395.0M | $1.4B | ||
| Q4 24 | $391.0M | $1.2B | ||
| Q3 24 | $213.0M | $1.2B | ||
| Q2 24 | $-9.0M | $1.3B | ||
| Q1 24 | $-202.0M | $1.2B |
自由现金流HIIWMB
| Q4 25 | $516.0M | $-379.0M | ||
| Q3 25 | $13.0M | $485.0M | ||
| Q2 25 | $727.0M | $478.0M | ||
| Q1 25 | $-462.0M | $421.0M | ||
| Q4 24 | $277.0M | $450.0M | ||
| Q3 24 | $125.0M | $561.0M | ||
| Q2 24 | $-99.0M | $700.0M | ||
| Q1 24 | $-277.0M | $690.0M |
自由现金流率HIIWMB
| Q4 25 | 14.8% | -9.9% | ||
| Q3 25 | 0.4% | 13.9% | ||
| Q2 25 | 23.6% | 14.2% | ||
| Q1 25 | -16.9% | 10.1% | ||
| Q4 24 | 9.2% | 13.2% | ||
| Q3 24 | 4.5% | 18.5% | ||
| Q2 24 | -3.3% | 24.6% | ||
| Q1 24 | -9.9% | 20.7% |
资本支出强度HIIWMB
| Q4 25 | 3.9% | 50.9% | ||
| Q3 25 | 3.3% | 27.3% | ||
| Q2 25 | 3.1% | 28.8% | ||
| Q1 25 | 2.5% | 24.2% | ||
| Q4 24 | 3.8% | 22.5% | ||
| Q3 24 | 3.2% | 22.5% | ||
| Q2 24 | 3.0% | 20.3% | ||
| Q1 24 | 2.7% | 16.3% |
现金转化率HIIWMB
| Q4 25 | 4.09× | 2.15× | ||
| Q3 25 | 0.81× | 2.22× | ||
| Q2 25 | 5.41× | 2.66× | ||
| Q1 25 | -2.65× | 2.07× | ||
| Q4 24 | 3.18× | 2.51× | ||
| Q3 24 | 2.11× | 1.76× | ||
| Q2 24 | -0.05× | 3.19× | ||
| Q1 24 | -1.32× | 1.95× |
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% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
