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哈雷戴维森（HOG）与Liberty Broadband Corp（LBRDA）财务数据对比。点击上方公司名可切换其他公司
哈雷戴维森的季度营收约是Liberty Broadband Corp的1.5倍（$390.5M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs -72.3%，领先219.1%），Liberty Broadband Corp同比增速更快（6.1% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $37.0M），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% vs -48.6%）
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
HOG vs LBRDA — 直观对比
营收规模更大
HOG
是对方的1.5倍
$261.0M
营收增速更快
LBRDA
高出15.5%
-9.4%
净利率更高
LBRDA
高出219.1%
-72.3%
自由现金流更多
HOG
多$63.4M
$37.0M
两年增速更快
LBRDA
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.5M | $261.0M |
| 净利润 | $-282.6M | $383.0M |
| 毛利率 | -7.9% | — |
| 营业利润率 | -92.4% | 15.7% |
| 净利率 | -72.3% | 146.7% |
| 营收同比 | -9.4% | 6.1% |
| 净利润同比 | -138.6% | 96.4% |
| 每股收益（稀释后） | $-2.27 | $2.68 |
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HOGLBRDA
| Q4 25 | $390.5M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | $261.0M | ||
| Q1 25 | $1.1B | $266.0M | ||
| Q4 24 | $430.9M | $263.0M | ||
| Q3 24 | $881.2M | $262.0M | ||
| Q2 24 | $1.4B | $246.0M | ||
| Q1 24 | $1.5B | $245.0M |
净利润HOGLBRDA
| Q4 25 | $-282.6M | — | ||
| Q3 25 | $377.4M | — | ||
| Q2 25 | $107.6M | $383.0M | ||
| Q1 25 | $133.1M | $268.0M | ||
| Q4 24 | $-118.4M | $291.0M | ||
| Q3 24 | $119.0M | $142.0M | ||
| Q2 24 | $218.3M | $195.0M | ||
| Q1 24 | $234.9M | $241.0M |
毛利率HOGLBRDA
| Q4 25 | -7.9% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | -2.0% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 31.8% | — | ||
| Q1 24 | 30.9% | — |
营业利润率HOGLBRDA
| Q4 25 | -92.4% | — | ||
| Q3 25 | 44.0% | — | ||
| Q2 25 | 10.7% | 15.7% | ||
| Q1 25 | 14.8% | 16.2% | ||
| Q4 24 | -44.9% | 4.9% | ||
| Q3 24 | 12.0% | 11.5% | ||
| Q2 24 | 17.8% | 8.5% | ||
| Q1 24 | 17.8% | 11.4% |
净利率HOGLBRDA
| Q4 25 | -72.3% | — | ||
| Q3 25 | 35.0% | — | ||
| Q2 25 | 10.2% | 146.7% | ||
| Q1 25 | 12.3% | 100.8% | ||
| Q4 24 | -27.5% | 110.6% | ||
| Q3 24 | 13.5% | 54.2% | ||
| Q2 24 | 16.1% | 79.3% | ||
| Q1 24 | 15.9% | 98.4% |
每股收益（稀释后）HOGLBRDA
| Q4 25 | $-2.27 | — | ||
| Q3 25 | $3.10 | — | ||
| Q2 25 | $0.88 | $2.68 | ||
| Q1 25 | $1.07 | $1.87 | ||
| Q4 24 | $-0.82 | $2.04 | ||
| Q3 24 | $0.91 | $0.99 | ||
| Q2 24 | $1.63 | $1.36 | ||
| Q1 24 | $1.72 | $1.69 |
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 | $3.1B | $180.0M |
| 总债务越低越好 | $2.5B | $3.1B |
| 股东权益账面价值 | $3.1B | $10.4B |
| 总资产 | $8.0B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资HOGLBRDA
| Q4 25 | $3.1B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.6B | $180.0M | ||
| Q1 25 | $1.9B | $226.0M | ||
| Q4 24 | $1.6B | $163.0M | ||
| Q3 24 | $2.2B | $168.0M | ||
| Q2 24 | $1.8B | $73.0M | ||
| Q1 24 | $1.5B | $108.0M |
总债务HOGLBRDA
| Q4 25 | $2.5B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $6.4B | $3.1B | ||
| Q1 25 | $6.8B | $3.8B | ||
| Q4 24 | $6.3B | $3.8B | ||
| Q3 24 | $7.3B | $3.7B | ||
| Q2 24 | $7.0B | $3.6B | ||
| Q1 24 | $6.3B | $3.6B |
股东权益HOGLBRDA
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.3B | $10.4B | ||
| Q1 25 | $3.2B | $10.1B | ||
| Q4 24 | $3.2B | $9.8B | ||
| Q3 24 | $3.4B | $9.5B | ||
| Q2 24 | $3.4B | $9.3B | ||
| Q1 24 | $3.3B | $9.1B |
总资产HOGLBRDA
| Q4 25 | $8.0B | — | ||
| Q3 25 | $10.6B | — | ||
| Q2 25 | $12.1B | $16.6B | ||
| Q1 25 | $12.4B | $17.0B | ||
| Q4 24 | $11.9B | $16.7B | ||
| Q3 24 | $13.0B | $16.3B | ||
| Q2 24 | $12.8B | $16.0B | ||
| Q1 24 | $12.3B | $15.7B |
负债/权益比HOGLBRDA
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.91× | 0.30× | ||
| Q1 25 | 2.14× | 0.38× | ||
| Q4 24 | 2.00× | 0.38× | ||
| Q3 24 | 2.13× | 0.39× | ||
| Q2 24 | 2.03× | 0.39× | ||
| Q1 24 | 1.88× | 0.40× |
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 | $152.0M | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $100.4M | $37.0M |
| 自由现金流率自由现金流/营收 | 25.7% | 14.2% |
| 资本支出强度资本支出/营收 | 13.2% | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | $415.2M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流HOGLBRDA
| Q4 25 | $152.0M | — | ||
| Q3 25 | $-92.6M | — | ||
| Q2 25 | $368.0M | $91.0M | ||
| Q1 25 | $141.5M | $78.0M | ||
| Q4 24 | $133.2M | $1.0M | ||
| Q3 24 | $353.0M | $24.0M | ||
| Q2 24 | $473.6M | $27.0M | ||
| Q1 24 | $104.0M | $52.0M |
自由现金流HOGLBRDA
| Q4 25 | $100.4M | — | ||
| Q3 25 | $-129.1M | — | ||
| Q2 25 | $332.4M | $37.0M | ||
| Q1 25 | $111.6M | $13.0M | ||
| Q4 24 | $77.0M | $-63.0M | ||
| Q3 24 | $300.4M | $-36.0M | ||
| Q2 24 | $432.2M | $-35.0M | ||
| Q1 24 | $57.6M | $-9.0M |
自由现金流率HOGLBRDA
| Q4 25 | 25.7% | — | ||
| Q3 25 | -12.0% | — | ||
| Q2 25 | 31.7% | 14.2% | ||
| Q1 25 | 10.3% | 4.9% | ||
| Q4 24 | 17.9% | -24.0% | ||
| Q3 24 | 34.1% | -13.7% | ||
| Q2 24 | 31.9% | -14.2% | ||
| Q1 24 | 3.9% | -3.7% |
资本支出强度HOGLBRDA
| Q4 25 | 13.2% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 3.4% | 20.7% | ||
| Q1 25 | 2.8% | 24.4% | ||
| Q4 24 | 13.0% | 24.3% | ||
| Q3 24 | 6.0% | 22.9% | ||
| Q2 24 | 3.1% | 25.2% | ||
| Q1 24 | 3.1% | 24.9% |
现金转化率HOGLBRDA
| Q4 25 | — | — | ||
| Q3 25 | -0.25× | — | ||
| Q2 25 | 3.42× | 0.24× | ||
| Q1 25 | 1.06× | 0.29× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 2.97× | 0.17× | ||
| Q2 24 | 2.17× | 0.14× | ||
| Q1 24 | 0.44× | 0.22× |
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
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
LBRDA
暂无分部数据
