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HNI CORP（HNI）与SKYWEST INC（SKYW）财务数据对比。点击上方公司名可切换其他公司
SKYWEST INC的季度营收约是HNI CORP的1.5倍（$1.0B vs $683.8M），SKYWEST INC净利率更高（10.0% vs 6.0%，领先4.0%），SKYWEST INC同比增速更快（6.8% vs 1.7%），过去两年SKYWEST INC的营收复合增速更高（8.1% vs 0.3%）
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
天西航空（SkyWest Inc.）是总部位于美国犹他州圣乔治的控股企业，旗下主营北美支线航空公司天西航空，同时运营飞机租赁业务，是北美区域航空运营领域的重要参与者。
HNI vs SKYW — 直观对比
营收规模更大
SKYW
是对方的1.5倍
$683.8M
营收增速更快
SKYW
高出5.1%
1.7%
净利率更高
SKYW
高出4.0%
6.0%
两年增速更快
SKYW
近两年复合增速
0.3%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $683.8M | $1.0B |
| 净利润 | $41.2M | $101.7M |
| 毛利率 | 42.1% | — |
| 营业利润率 | 9.4% | 12.2% |
| 净利率 | 6.0% | 10.0% |
| 营收同比 | 1.7% | 6.8% |
| 净利润同比 | -13.3% | 1.1% |
| 每股收益（稀释后） | $0.88 | $2.50 |
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HNISKYW
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $683.8M | $1.1B | ||
| Q2 25 | $667.1M | $1.0B | ||
| Q1 25 | $599.8M | $948.5M | ||
| Q4 24 | $642.5M | $944.4M | ||
| Q3 24 | $672.2M | $912.8M | ||
| Q2 24 | $623.7M | $867.1M |
净利润HNISKYW
| Q1 26 | — | $101.7M | ||
| Q4 25 | — | $91.2M | ||
| Q3 25 | $41.2M | $116.4M | ||
| Q2 25 | $48.2M | $120.3M | ||
| Q1 25 | $13.9M | $100.6M | ||
| Q4 24 | $38.3M | $97.4M | ||
| Q3 24 | $47.5M | $89.7M | ||
| Q2 24 | $36.0M | $75.6M |
毛利率HNISKYW
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 42.1% | — | ||
| Q2 25 | 42.9% | — | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 40.5% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 41.9% | — |
营业利润率HNISKYW
| Q1 26 | — | 12.2% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | 9.4% | 16.6% | ||
| Q2 25 | 10.2% | 16.4% | ||
| Q1 25 | 4.1% | 14.7% | ||
| Q4 24 | 8.5% | 15.3% | ||
| Q3 24 | 10.2% | 14.4% | ||
| Q2 24 | 8.6% | 13.8% |
净利率HNISKYW
| Q1 26 | — | 10.0% | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | 6.0% | 11.1% | ||
| Q2 25 | 7.2% | 11.6% | ||
| Q1 25 | 2.3% | 10.6% | ||
| Q4 24 | 6.0% | 10.3% | ||
| Q3 24 | 7.1% | 9.8% | ||
| Q2 24 | 5.8% | 8.7% |
每股收益（稀释后）HNISKYW
| Q1 26 | — | $2.50 | ||
| Q4 25 | — | $2.21 | ||
| Q3 25 | $0.88 | $2.81 | ||
| Q2 25 | $1.02 | $2.91 | ||
| Q1 25 | $0.29 | $2.42 | ||
| Q4 24 | $0.78 | $2.34 | ||
| Q3 24 | $0.98 | $2.16 | ||
| Q2 24 | $0.75 | $1.82 |
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 | $28.1M | — |
| 总债务越低越好 | $324.2M | $1.8B |
| 股东权益账面价值 | $835.9M | $2.7B |
| 总资产 | $1.8B | $7.3B |
| 负债/权益比越低杠杆越低 | 0.39× | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资HNISKYW
| Q1 26 | — | — | ||
| Q4 25 | — | $122.7M | ||
| Q3 25 | $28.1M | $44.5M | ||
| Q2 25 | $38.2M | $48.3M | ||
| Q1 25 | $27.5M | $179.0M | ||
| Q4 24 | $28.9M | $227.4M | ||
| Q3 24 | $40.2M | $177.6M | ||
| Q2 24 | $33.5M | $141.8M |
总债务HNISKYW
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | — | ||
| Q3 25 | $324.2M | $2.4B | ||
| Q2 25 | $444.4M | $2.5B | ||
| Q1 25 | $404.7M | $2.6B | ||
| Q4 24 | $344.6M | $2.7B | ||
| Q3 24 | $345.4M | $2.7B | ||
| Q2 24 | $462.3M | $2.8B |
股东权益HNISKYW
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $835.9M | $2.7B | ||
| Q2 25 | $811.0M | $2.6B | ||
| Q1 25 | $803.6M | $2.5B | ||
| Q4 24 | $840.1M | $2.4B | ||
| Q3 24 | $846.6M | $2.3B | ||
| Q2 24 | $787.8M | $2.2B |
总资产HNISKYW
| Q1 26 | — | $7.3B | ||
| Q4 25 | — | $7.4B | ||
| Q3 25 | $1.8B | $7.2B | ||
| Q2 25 | $1.9B | $7.2B | ||
| Q1 25 | $1.9B | $7.1B | ||
| Q4 24 | $1.9B | $7.1B | ||
| Q3 24 | $1.9B | $7.0B | ||
| Q2 24 | $1.9B | $7.0B |
负债/权益比HNISKYW
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.39× | 0.89× | ||
| Q2 25 | 0.55× | 0.97× | ||
| Q1 25 | 0.50× | 1.03× | ||
| Q4 24 | 0.41× | 1.11× | ||
| Q3 24 | 0.41× | 1.17× | ||
| Q2 24 | 0.59× | 1.25× |
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 | $155.2M | — |
| 自由现金流经营现金流 - 资本支出 | $135.6M | — |
| 自由现金流率自由现金流/营收 | 19.8% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 3.77× | — |
| 过去12个月自由现金流最近4个季度 | $189.5M | — |
8季度趋势，按日历期对齐
经营现金流HNISKYW
| Q1 26 | — | — | ||
| Q4 25 | — | $231.5M | ||
| Q3 25 | $155.2M | $280.8M | ||
| Q2 25 | $31.1M | $257.1M | ||
| Q1 25 | $12.6M | $171.0M | ||
| Q4 24 | $51.2M | $185.9M | ||
| Q3 24 | $128.5M | $183.6M | ||
| Q2 24 | $51.3M | $165.3M |
自由现金流HNISKYW
| Q1 26 | — | — | ||
| Q4 25 | — | $224.3M | ||
| Q3 25 | $135.6M | $269.9M | ||
| Q2 25 | $16.1M | $251.5M | ||
| Q1 25 | $-3.7M | $162.6M | ||
| Q4 24 | $41.5M | $162.7M | ||
| Q3 24 | $114.0M | $172.1M | ||
| Q2 24 | $33.8M | $159.4M |
自由现金流率HNISKYW
| Q1 26 | — | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | 19.8% | 25.7% | ||
| Q2 25 | 2.4% | 24.3% | ||
| Q1 25 | -0.6% | 17.1% | ||
| Q4 24 | 6.5% | 17.2% | ||
| Q3 24 | 17.0% | 18.9% | ||
| Q2 24 | 5.4% | 18.4% |
资本支出强度HNISKYW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | 2.9% | 1.0% | ||
| Q2 25 | 2.2% | 0.5% | ||
| Q1 25 | 2.7% | 0.9% | ||
| Q4 24 | 1.5% | 2.5% | ||
| Q3 24 | 2.2% | 1.3% | ||
| Q2 24 | 2.8% | 0.7% |
现金转化率HNISKYW
| Q1 26 | — | — | ||
| Q4 25 | — | 2.54× | ||
| Q3 25 | 3.77× | 2.41× | ||
| Q2 25 | 0.65× | 2.14× | ||
| Q1 25 | 0.91× | 1.70× | ||
| Q4 24 | 1.34× | 1.91× | ||
| Q3 24 | 2.71× | 2.05× | ||
| Q2 24 | 1.43× | 2.19× |
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
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
