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华利安（HLI）与梅特勒-托利多（MTD）财务数据对比。点击上方公司名可切换其他公司
梅特勒-托利多的季度营收约是华利安的1.6倍（$1.1B vs $717.1M），梅特勒-托利多净利率更高（25.3% vs 16.3%，领先9.0%），华利安同比增速更快（13.0% vs 8.1%），华利安自由现金流更多（$217.0M vs $184.1M），过去两年华利安的营收复合增速更高（17.4% vs 10.5%）
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
梅特勒-托利多是全球知名的精密仪器及服务跨国供应商，业务覆盖实验室、工业生产、产品检测、食品零售等应用场景，旗下产品广泛应用于生命科学、食品、化工等众多行业的科研、质量管控及生产制造环节。
HLI vs MTD — 直观对比
营收规模更大
MTD
是对方的1.6倍
$717.1M
营收增速更快
HLI
高出4.9%
8.1%
净利率更高
MTD
高出9.0%
16.3%
自由现金流更多
HLI
多$33.0M
$184.1M
两年增速更快
HLI
近两年复合增速
10.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $717.1M | $1.1B |
| 净利润 | $116.5M | $285.8M |
| 毛利率 | 32.2% | 59.8% |
| 营业利润率 | 22.4% | 29.1% |
| 净利率 | 16.3% | 25.3% |
| 营收同比 | 13.0% | 8.1% |
| 净利润同比 | 22.3% | 13.3% |
| 每股收益（稀释后） | $1.70 | $13.91 |
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HLIMTD
| Q4 25 | $717.1M | $1.1B | ||
| Q3 25 | $659.5M | $1.0B | ||
| Q2 25 | $605.3M | $983.2M | ||
| Q1 25 | $666.4M | $883.7M | ||
| Q4 24 | $634.4M | $1.0B | ||
| Q3 24 | $575.0M | $954.5M | ||
| Q2 24 | $513.6M | $946.8M | ||
| Q1 24 | $520.5M | $925.9M |
净利润HLIMTD
| Q4 25 | $116.5M | $285.8M | ||
| Q3 25 | $111.8M | $217.5M | ||
| Q2 25 | $97.5M | $202.3M | ||
| Q1 25 | $121.9M | $163.6M | ||
| Q4 24 | $95.3M | $252.3M | ||
| Q3 24 | $93.5M | $211.5M | ||
| Q2 24 | $88.9M | $221.8M | ||
| Q1 24 | $81.1M | $177.5M |
毛利率HLIMTD
| Q4 25 | 32.2% | 59.8% | ||
| Q3 25 | 33.8% | 59.2% | ||
| Q2 25 | 31.0% | 59.0% | ||
| Q1 25 | 33.9% | 59.5% | ||
| Q4 24 | 31.4% | 61.2% | ||
| Q3 24 | 33.0% | 60.0% | ||
| Q2 24 | 30.6% | 59.7% | ||
| Q1 24 | 30.3% | 59.2% |
营业利润率HLIMTD
| Q4 25 | 22.4% | 29.1% | ||
| Q3 25 | 22.9% | 26.1% | ||
| Q2 25 | 14.8% | 25.3% | ||
| Q1 25 | 20.9% | 22.9% | ||
| Q4 24 | 21.5% | 30.1% | ||
| Q3 24 | 22.7% | 27.1% | ||
| Q2 24 | 18.6% | 25.7% | ||
| Q1 24 | 19.7% | 23.8% |
净利率HLIMTD
| Q4 25 | 16.3% | 25.3% | ||
| Q3 25 | 17.0% | 21.1% | ||
| Q2 25 | 16.1% | 20.6% | ||
| Q1 25 | 18.3% | 18.5% | ||
| Q4 24 | 15.0% | 24.1% | ||
| Q3 24 | 16.3% | 22.2% | ||
| Q2 24 | 17.3% | 23.4% | ||
| Q1 24 | 15.6% | 19.2% |
每股收益（稀释后）HLIMTD
| Q4 25 | $1.70 | $13.91 | ||
| Q3 25 | $1.63 | $10.57 | ||
| Q2 25 | $1.42 | $9.76 | ||
| Q1 25 | $1.76 | $7.81 | ||
| Q4 24 | $1.39 | $11.91 | ||
| Q3 24 | $1.37 | $9.96 | ||
| Q2 24 | $1.30 | $10.37 | ||
| Q1 24 | $1.18 | $8.24 |
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 | $1.1B | — |
| 总债务越低越好 | — | $2.1B |
| 股东权益账面价值 | $2.3B | $-23.6M |
| 总资产 | $3.9B | $3.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HLIMTD
| Q4 25 | $1.1B | — | ||
| Q3 25 | $923.6M | $69.1M | ||
| Q2 25 | $793.8M | $61.8M | ||
| Q1 25 | $971.0M | — | ||
| Q4 24 | $799.3M | $59.4M | ||
| Q3 24 | $691.4M | $71.6M | ||
| Q2 24 | $449.7M | $70.8M | ||
| Q1 24 | $721.2M | — |
总债务HLIMTD
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | — |
股东权益HLIMTD
| Q4 25 | $2.3B | $-23.6M | ||
| Q3 25 | $2.2B | $-249.2M | ||
| Q2 25 | $2.2B | $-258.8M | ||
| Q1 25 | $2.2B | $-182.0M | ||
| Q4 24 | $2.1B | $-126.9M | ||
| Q3 24 | $2.0B | $-154.4M | ||
| Q2 24 | $1.8B | $-152.8M | ||
| Q1 24 | $1.8B | $-158.7M |
总资产HLIMTD
| Q4 25 | $3.9B | $3.7B | ||
| Q3 25 | $3.8B | $3.5B | ||
| Q2 25 | $3.5B | $3.4B | ||
| Q1 25 | $3.8B | $3.2B | ||
| Q4 24 | $3.5B | $3.2B | ||
| Q3 24 | $3.2B | $3.3B | ||
| Q2 24 | $2.9B | $3.2B | ||
| Q1 24 | $3.2B | $3.3B |
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 | $217.7M | $225.6M |
| 自由现金流经营现金流 - 资本支出 | $217.0M | $184.1M |
| 自由现金流率自由现金流/营收 | 30.3% | 16.3% |
| 资本支出强度资本支出/营收 | 0.1% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.87× | 0.79× |
| 过去12个月自由现金流最近4个季度 | $738.9M | $848.6M |
8季度趋势，按日历期对齐
经营现金流HLIMTD
| Q4 25 | $217.7M | $225.6M | ||
| Q3 25 | $325.0M | $299.4M | ||
| Q2 25 | $-131.6M | $236.4M | ||
| Q1 25 | $358.4M | $194.4M | ||
| Q4 24 | $265.5M | $266.2M | ||
| Q3 24 | $289.2M | $254.7M | ||
| Q2 24 | $-64.5M | $257.5M | ||
| Q1 24 | $225.3M | $190.0M |
自由现金流HLIMTD
| Q4 25 | $217.0M | $184.1M | ||
| Q3 25 | $322.8M | $274.9M | ||
| Q2 25 | $-144.8M | $212.5M | ||
| Q1 25 | $343.9M | $177.2M | ||
| Q4 24 | $261.7M | $224.9M | ||
| Q3 24 | $278.7M | $233.2M | ||
| Q2 24 | $-75.4M | $233.7M | ||
| Q1 24 | $213.1M | $172.6M |
自由现金流率HLIMTD
| Q4 25 | 30.3% | 16.3% | ||
| Q3 25 | 49.0% | 26.7% | ||
| Q2 25 | -23.9% | 21.6% | ||
| Q1 25 | 51.6% | 20.1% | ||
| Q4 24 | 41.2% | 21.5% | ||
| Q3 24 | 48.5% | 24.4% | ||
| Q2 24 | -14.7% | 24.7% | ||
| Q1 24 | 40.9% | 18.6% |
资本支出强度HLIMTD
| Q4 25 | 0.1% | 3.7% | ||
| Q3 25 | 0.3% | 2.4% | ||
| Q2 25 | 2.2% | 2.4% | ||
| Q1 25 | 2.2% | 2.0% | ||
| Q4 24 | 0.6% | 3.9% | ||
| Q3 24 | 1.8% | 2.2% | ||
| Q2 24 | 2.1% | 2.5% | ||
| Q1 24 | 2.3% | 1.9% |
现金转化率HLIMTD
| Q4 25 | 1.87× | 0.79× | ||
| Q3 25 | 2.91× | 1.38× | ||
| Q2 25 | -1.35× | 1.17× | ||
| Q1 25 | 2.94× | 1.19× | ||
| Q4 24 | 2.79× | 1.06× | ||
| Q3 24 | 3.09× | 1.20× | ||
| Q2 24 | -0.73× | 1.16× | ||
| Q1 24 | 2.78× | 1.07× |
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
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
MTD
| Products | $857.0M | 76% |
| Services | $272.8M | 24% |
