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希尔顿（HLT）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是希尔顿的1.3倍（$3.8B vs $2.9B），希尔顿净利率更高（13.0% vs 12.4%，领先0.6%），希尔顿同比增速更快（9.0% vs 2.8%），过去两年ServiceNow的营收复合增速更高（19.8% vs -0.2%）
希尔顿全球控股是美国跨国酒店管理集团，管理并特许经营涵盖酒店、度假村、分时度假物业在内的多元品牌矩阵。集团由康拉德·希尔顿于1919年5月创立，现任首席执行官为克里斯托弗·J·纳塞塔，总部位于美国弗吉尼亚州泰森斯。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
HLT vs NOW — 直观对比
营收规模更大
NOW
是对方的1.3倍
$2.9B
营收增速更快
HLT
高出6.2%
2.8%
净利率更高
HLT
高出0.6%
12.4%
两年增速更快
NOW
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.8B |
| 净利润 | $383.0M | $469.0M |
| 毛利率 | — | 75.1% |
| 营业利润率 | 23.1% | 13.3% |
| 净利率 | 13.0% | 12.4% |
| 营收同比 | 9.0% | 2.8% |
| 净利润同比 | 27.7% | -53.7% |
| 每股收益（稀释后） | $1.66 | $1.04 |
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HLTNOW
| Q1 26 | $2.9B | $3.8B | ||
| Q4 25 | $3.1B | $3.6B | ||
| Q3 25 | $3.1B | $3.4B | ||
| Q2 25 | $3.1B | $3.2B | ||
| Q1 25 | $2.7B | $3.1B | ||
| Q4 24 | $2.8B | $3.0B | ||
| Q3 24 | $2.9B | $2.8B | ||
| Q2 24 | $3.0B | $2.6B |
净利润HLTNOW
| Q1 26 | $383.0M | $469.0M | ||
| Q4 25 | $297.0M | $401.0M | ||
| Q3 25 | $420.0M | $502.0M | ||
| Q2 25 | $440.0M | $385.0M | ||
| Q1 25 | $300.0M | $460.0M | ||
| Q4 24 | $505.0M | $384.0M | ||
| Q3 24 | $344.0M | $432.0M | ||
| Q2 24 | $421.0M | $262.0M |
毛利率HLTNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 77.3% | ||
| Q2 25 | — | 77.5% | ||
| Q1 25 | — | 78.9% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | — | 79.1% | ||
| Q2 24 | — | 79.0% |
营业利润率HLTNOW
| Q1 26 | 23.1% | 13.3% | ||
| Q4 25 | 19.5% | 12.4% | ||
| Q3 25 | 24.9% | 16.8% | ||
| Q2 25 | 24.8% | 11.1% | ||
| Q1 25 | 19.9% | 14.6% | ||
| Q4 24 | 17.6% | 12.6% | ||
| Q3 24 | 21.7% | 14.9% | ||
| Q2 24 | 24.6% | 9.1% |
净利率HLTNOW
| Q1 26 | 13.0% | 12.4% | ||
| Q4 25 | 9.6% | 11.2% | ||
| Q3 25 | 13.5% | 14.7% | ||
| Q2 25 | 14.0% | 12.0% | ||
| Q1 25 | 11.1% | 14.9% | ||
| Q4 24 | 18.1% | 13.0% | ||
| Q3 24 | 12.0% | 15.4% | ||
| Q2 24 | 14.3% | 10.0% |
每股收益（稀释后）HLTNOW
| Q1 26 | $1.66 | $1.04 | ||
| Q4 25 | $1.27 | $-4.77 | ||
| Q3 25 | $1.78 | $2.40 | ||
| Q2 25 | $1.84 | $1.84 | ||
| Q1 25 | $1.23 | $2.20 | ||
| Q4 24 | $2.05 | $1.84 | ||
| Q3 24 | $1.38 | $2.07 | ||
| Q2 24 | $1.67 | $1.26 |
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 | — | $2.7B |
| 总债务越低越好 | $12.4M | — |
| 股东权益账面价值 | — | $11.7B |
| 总资产 | — | $24.4B |
| 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HLTNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $918.0M | $3.7B | ||
| Q3 25 | $1.1B | $2.7B | ||
| Q2 25 | $371.0M | $3.1B | ||
| Q1 25 | $731.0M | $3.4B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $731.0M | $2.2B |
总债务HLTNOW
| Q1 26 | $12.4M | — | ||
| Q4 25 | $12.3B | — | ||
| Q3 25 | $11.6B | — | ||
| Q2 25 | $10.9B | — | ||
| Q1 25 | $10.6B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $10.6B | — | ||
| Q2 24 | $9.6B | — |
股东权益HLTNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $-5.4B | $13.0B | ||
| Q3 25 | $-4.9B | $11.3B | ||
| Q2 25 | $-4.6B | $10.9B | ||
| Q1 25 | $-4.4B | $10.1B | ||
| Q4 24 | $-3.7B | $9.6B | ||
| Q3 24 | $-3.5B | $9.3B | ||
| Q2 24 | $-3.1B | $8.7B |
总资产HLTNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $16.8B | $26.0B | ||
| Q3 25 | $16.6B | $21.8B | ||
| Q2 25 | $15.9B | $22.1B | ||
| Q1 25 | $16.0B | $21.0B | ||
| Q4 24 | $16.5B | $20.4B | ||
| Q3 24 | $16.7B | $18.4B | ||
| Q2 24 | $15.7B | $18.2B |
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 | — | $1.7B |
| 自由现金流经营现金流 - 资本支出 | — | $1.7B |
| 自由现金流率自由现金流/营收 | — | 44.2% |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | — | 3.56× |
| 过去12个月自由现金流最近4个季度 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流HLTNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $203.0M | $2.2B | ||
| Q3 25 | $816.0M | $813.0M | ||
| Q2 25 | $658.0M | $716.0M | ||
| Q1 25 | $452.0M | $1.7B | ||
| Q4 24 | $582.0M | $1.6B | ||
| Q3 24 | $664.0M | $671.0M | ||
| Q2 24 | $421.0M | $620.0M |
自由现金流HLTNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $173.0M | $2.0B | ||
| Q3 25 | $787.0M | $578.0M | ||
| Q2 25 | $635.0M | $526.0M | ||
| Q1 25 | $433.0M | $1.5B | ||
| Q4 24 | $534.0M | $1.4B | ||
| Q3 24 | $647.0M | $469.0M | ||
| Q2 24 | $406.0M | $358.0M |
自由现金流率HLTNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 5.6% | 56.1% | ||
| Q3 25 | 25.2% | 17.0% | ||
| Q2 25 | 20.2% | 16.4% | ||
| Q1 25 | 16.1% | 47.7% | ||
| Q4 24 | 19.2% | 46.7% | ||
| Q3 24 | 22.6% | 16.8% | ||
| Q2 24 | 13.8% | 13.6% |
资本支出强度HLTNOW
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.0% | 6.7% | ||
| Q3 25 | 0.9% | 6.9% | ||
| Q2 25 | 0.7% | 5.9% | ||
| Q1 25 | 0.7% | 6.6% | ||
| Q4 24 | 1.7% | 8.6% | ||
| Q3 24 | 0.6% | 7.2% | ||
| Q2 24 | 0.5% | 10.0% |
现金转化率HLTNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 0.68× | 5.58× | ||
| Q3 25 | 1.94× | 1.62× | ||
| Q2 25 | 1.50× | 1.86× | ||
| Q1 25 | 1.51× | 3.65× | ||
| Q4 24 | 1.15× | 4.26× | ||
| Q3 24 | 1.93× | 1.55× | ||
| Q2 24 | 1.00× | 2.37× |
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
HLT
暂无分部数据
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
