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哈雷戴维森（HOG）与STANDARD MOTOR PRODUCTS, INC.（SMP）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STANDARD MOTOR PRODUCTS, INC.的1.0倍（$390.5M vs $385.1M），STANDARD MOTOR PRODUCTS, INC.净利率更高（2.0% vs -72.3%，领先74.4%），STANDARD MOTOR PRODUCTS, INC.同比增速更快（12.2% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $-37.6M），过去两年STANDARD MOTOR PRODUCTS, INC.的营收复合增速更高（7.8% 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。
标准汽车产品公司（SMP）是一家汽车零部件制造商与经销商，由埃利亚斯·法伊夫和拉尔夫·范艾伦于1919年合伙创立，1926年完成法人注册，总部位于纽约长岛市，在纽约证券交易所上市。公司目前设有车辆控制、温控、工程解决方案和尼森斯四大运营板块，为汽车售后市场供应相关零部件产品。
HOG vs SMP — 直观对比
营收规模更大
HOG
是对方的1.0倍
$385.1M
营收增速更快
SMP
高出21.5%
-9.4%
净利率更高
SMP
高出74.4%
-72.3%
自由现金流更多
HOG
多$138.1M
$-37.6M
两年增速更快
SMP
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.5M | $385.1M |
| 净利润 | $-282.6M | $7.9M |
| 毛利率 | -7.9% | 31.7% |
| 营业利润率 | -92.4% | 5.6% |
| 净利率 | -72.3% | 2.0% |
| 营收同比 | -9.4% | 12.2% |
| 净利润同比 | -138.6% | 457.9% |
| 每股收益（稀释后） | $-2.27 | $0.34 |
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HOGSMP
| Q4 25 | $390.5M | $385.1M | ||
| Q3 25 | $1.1B | $498.8M | ||
| Q2 25 | $1.0B | $493.9M | ||
| Q1 25 | $1.1B | $413.4M | ||
| Q4 24 | $430.9M | $343.4M | ||
| Q3 24 | $881.2M | $399.3M | ||
| Q2 24 | $1.4B | $389.8M | ||
| Q1 24 | $1.5B | $331.4M |
净利润HOGSMP
| Q4 25 | $-282.6M | $7.9M | ||
| Q3 25 | $377.4M | $-4.3M | ||
| Q2 25 | $107.6M | $25.2M | ||
| Q1 25 | $133.1M | $12.6M | ||
| Q4 24 | $-118.4M | $-2.2M | ||
| Q3 24 | $119.0M | $3.8M | ||
| Q2 24 | $218.3M | $17.1M | ||
| Q1 24 | $234.9M | $8.8M |
毛利率HOGSMP
| Q4 25 | -7.9% | 31.7% | ||
| Q3 25 | 26.0% | 32.4% | ||
| Q2 25 | 28.5% | 30.6% | ||
| Q1 25 | 28.9% | 30.2% | ||
| Q4 24 | -2.0% | 29.4% | ||
| Q3 24 | 29.8% | 30.4% | ||
| Q2 24 | 31.8% | 28.6% | ||
| Q1 24 | 30.9% | 27.0% |
营业利润率HOGSMP
| Q4 25 | -92.4% | 5.6% | ||
| Q3 25 | 44.0% | 9.5% | ||
| Q2 25 | 10.7% | 8.7% | ||
| Q1 25 | 14.8% | 5.9% | ||
| Q4 24 | -44.9% | 1.1% | ||
| Q3 24 | 12.0% | 9.3% | ||
| Q2 24 | 17.8% | 6.4% | ||
| Q1 24 | 17.8% | 4.4% |
净利率HOGSMP
| Q4 25 | -72.3% | 2.0% | ||
| Q3 25 | 35.0% | -0.9% | ||
| Q2 25 | 10.2% | 5.1% | ||
| Q1 25 | 12.3% | 3.0% | ||
| Q4 24 | -27.5% | -0.6% | ||
| Q3 24 | 13.5% | 1.0% | ||
| Q2 24 | 16.1% | 4.4% | ||
| Q1 24 | 15.9% | 2.7% |
每股收益（稀释后）HOGSMP
| Q4 25 | $-2.27 | $0.34 | ||
| Q3 25 | $3.10 | $-0.19 | ||
| Q2 25 | $0.88 | $1.13 | ||
| Q1 25 | $1.07 | $0.56 | ||
| Q4 24 | $-0.82 | $-0.09 | ||
| Q3 24 | $0.91 | $0.17 | ||
| Q2 24 | $1.63 | $0.77 | ||
| Q1 24 | $1.72 | $0.39 |
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 | — |
| 总债务越低越好 | $2.5B | $618.7M |
| 股东权益账面价值 | $3.1B | $683.7M |
| 总资产 | $8.0B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.90× |
8季度趋势，按日历期对齐
现金及短期投资HOGSMP
| Q4 25 | $3.1B | — | ||
| Q3 25 | $1.8B | $87.2M | ||
| Q2 25 | $1.6B | $58.8M | ||
| Q1 25 | $1.9B | $50.3M | ||
| Q4 24 | $1.6B | $44.4M | ||
| Q3 24 | $2.2B | $26.3M | ||
| Q2 24 | $1.8B | $26.2M | ||
| Q1 24 | $1.5B | $27.1M |
总债务HOGSMP
| Q4 25 | $2.5B | $618.7M | ||
| Q3 25 | $4.5B | $589.5M | ||
| Q2 25 | $6.4B | $636.6M | ||
| Q1 25 | $6.8B | $650.6M | ||
| Q4 24 | $6.3B | $562.3M | ||
| Q3 24 | $7.3B | $142.8M | ||
| Q2 24 | $7.0B | $208.2M | ||
| Q1 24 | $6.3B | $214.9M |
股东权益HOGSMP
| Q4 25 | $3.1B | $683.7M | ||
| Q3 25 | $3.6B | $677.4M | ||
| Q2 25 | $3.3B | $688.6M | ||
| Q1 25 | $3.2B | $638.0M | ||
| Q4 24 | $3.2B | $615.7M | ||
| Q3 24 | $3.4B | $638.8M | ||
| Q2 24 | $3.4B | $640.0M | ||
| Q1 24 | $3.3B | $639.1M |
总资产HOGSMP
| Q4 25 | $8.0B | $2.0B | ||
| Q3 25 | $10.6B | $2.0B | ||
| Q2 25 | $12.1B | $2.0B | ||
| Q1 25 | $12.4B | $1.9B | ||
| Q4 24 | $11.9B | $1.8B | ||
| Q3 24 | $13.0B | $1.4B | ||
| Q2 24 | $12.8B | $1.4B | ||
| Q1 24 | $12.3B | $1.4B |
负债/权益比HOGSMP
| Q4 25 | 0.79× | 0.90× | ||
| Q3 25 | 1.25× | 0.87× | ||
| Q2 25 | 1.91× | 0.92× | ||
| Q1 25 | 2.14× | 1.02× | ||
| Q4 24 | 2.00× | 0.91× | ||
| Q3 24 | 2.13× | 0.22× | ||
| Q2 24 | 2.03× | 0.33× | ||
| Q1 24 | 1.88× | 0.34× |
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 | $-28.2M |
| 自由现金流经营现金流 - 资本支出 | $100.4M | $-37.6M |
| 自由现金流率自由现金流/营收 | 25.7% | -9.8% |
| 资本支出强度资本支出/营收 | 13.2% | 2.4% |
| 现金转化率经营现金流/净利润 | — | -3.59× |
| 过去12个月自由现金流最近4个季度 | $415.2M | $18.7M |
8季度趋势，按日历期对齐
经营现金流HOGSMP
| Q4 25 | $152.0M | $-28.2M | ||
| Q3 25 | $-92.6M | $91.6M | ||
| Q2 25 | $368.0M | $54.3M | ||
| Q1 25 | $141.5M | $-60.2M | ||
| Q4 24 | $133.2M | $-1.5M | ||
| Q3 24 | $353.0M | $88.3M | ||
| Q2 24 | $473.6M | $35.6M | ||
| Q1 24 | $104.0M | $-45.7M |
自由现金流HOGSMP
| Q4 25 | $100.4M | $-37.6M | ||
| Q3 25 | $-129.1M | $81.5M | ||
| Q2 25 | $332.4M | $44.2M | ||
| Q1 25 | $111.6M | $-69.4M | ||
| Q4 24 | $77.0M | $-11.4M | ||
| Q3 24 | $300.4M | $77.1M | ||
| Q2 24 | $432.2M | $22.7M | ||
| Q1 24 | $57.6M | $-55.8M |
自由现金流率HOGSMP
| Q4 25 | 25.7% | -9.8% | ||
| Q3 25 | -12.0% | 16.3% | ||
| Q2 25 | 31.7% | 8.9% | ||
| Q1 25 | 10.3% | -16.8% | ||
| Q4 24 | 17.9% | -3.3% | ||
| Q3 24 | 34.1% | 19.3% | ||
| Q2 24 | 31.9% | 5.8% | ||
| Q1 24 | 3.9% | -16.8% |
资本支出强度HOGSMP
| Q4 25 | 13.2% | 2.4% | ||
| Q3 25 | 3.4% | 2.0% | ||
| Q2 25 | 3.4% | 2.1% | ||
| Q1 25 | 2.8% | 2.2% | ||
| Q4 24 | 13.0% | 2.9% | ||
| Q3 24 | 6.0% | 2.8% | ||
| Q2 24 | 3.1% | 3.3% | ||
| Q1 24 | 3.1% | 3.0% |
现金转化率HOGSMP
| Q4 25 | — | -3.59× | ||
| Q3 25 | -0.25× | — | ||
| Q2 25 | 3.42× | 2.15× | ||
| Q1 25 | 1.06× | -4.79× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.97× | 23.19× | ||
| Q2 24 | 2.17× | 2.09× | ||
| Q1 24 | 0.44× | -5.18× |
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% |
SMP
| Engineered Solutions | $66.1M | 17% |
| Electrical And Safety | $63.6M | 17% |
| Temperature Control | $61.5M | 16% |
| Europe Excluding Poland | $55.5M | 14% |
| Other Thermal Components | $30.7M | 8% |
| Air Conditioning | $22.7M | 6% |
| Commercial Vehicle | $19.7M | 5% |
| All Other | $18.9M | 5% |
| PL | $16.0M | 4% |
| Wire Sets And Other | $11.9M | 3% |
| Engine Efficiency | $10.0M | 3% |
| Construction Agriculture | $7.8M | 2% |
