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霍尼韦尔（HON）与摩根士丹利（MS）财务数据对比。点击上方公司名可切换其他公司
摩根士丹利的季度营收约是霍尼韦尔的2.0倍（$17.9B vs $9.1B），摩根士丹利净利率更高（24.6% vs 8.7%，领先15.9%）
霍尼韦尔国际是总部位于美国北卡罗来纳州夏洛特的上市跨国集团，位列2023年《财富》世界500强第115位。核心业务覆盖航空航天、楼宇自动化、工业自动化、能源与可持续发展解决方案四大领域，还受美国能源部委托运营桑迪亚国家实验室。
摩根士丹利是总部位于美国纽约曼哈顿中城百老汇1585号的跨国投资银行及金融服务提供商，在全球42个国家设有办事处，员工超8万名，服务客户涵盖企业、政府、机构及个人。2023年该公司位列美国财富500强第61位，同年位居福布斯全球2000强第30位。
HON vs MS — 直观对比
营收规模更大
MS
是对方的2.0倍
$9.1B
净利率更高
MS
高出15.9%
8.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $9.1B | $17.9B |
| 净利润 | $795.0M | $4.4B |
| 毛利率 | — | — |
| 营业利润率 | 16.1% | 32.2% |
| 净利率 | 8.7% | 24.6% |
| 营收同比 | 2.0% | — |
| 净利润同比 | -45.8% | — |
| 每股收益（稀释后） | $1.29 | $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HONMS
| Q1 26 | $9.1B | — | ||
| Q4 25 | $6.9B | $17.9B | ||
| Q3 25 | $10.4B | $18.2B | ||
| Q2 25 | $10.4B | $16.8B | ||
| Q1 25 | $9.8B | $17.7B | ||
| Q4 24 | $10.1B | — | ||
| Q3 24 | $9.7B | $15.4B | ||
| Q2 24 | $9.6B | $15.0B |
净利润HONMS
| Q1 26 | $795.0M | — | ||
| Q4 25 | $-115.0M | $4.4B | ||
| Q3 25 | $1.8B | $4.6B | ||
| Q2 25 | $1.6B | $3.5B | ||
| Q1 25 | $1.4B | $4.3B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.5B | $3.1B |
毛利率HONMS
| Q1 26 | — | — | ||
| Q4 25 | 36.1% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 35.4% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 35.1% | — | ||
| Q2 24 | 35.0% | — |
营业利润率HONMS
| Q1 26 | 16.1% | — | ||
| Q4 25 | 16.0% | 32.2% | ||
| Q3 25 | 23.1% | 33.1% | ||
| Q2 25 | 22.9% | 27.5% | ||
| Q1 25 | 23.0% | 31.3% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 23.6% | 27.4% | ||
| Q2 24 | 23.0% | 27.1% |
净利率HONMS
| Q1 26 | 8.7% | — | ||
| Q4 25 | -1.7% | 24.6% | ||
| Q3 25 | 17.5% | 25.3% | ||
| Q2 25 | 15.2% | 21.1% | ||
| Q1 25 | 14.8% | 24.3% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 14.5% | 20.7% | ||
| Q2 24 | 16.1% | 20.5% |
每股收益（稀释后）HONMS
| Q1 26 | $1.29 | — | ||
| Q4 25 | $-0.17 | $2.68 | ||
| Q3 25 | $2.86 | $2.80 | ||
| Q2 25 | $2.45 | $2.13 | ||
| Q1 25 | $2.22 | $2.60 | ||
| Q4 24 | $1.96 | — | ||
| Q3 24 | $2.16 | $1.88 | ||
| Q2 24 | $2.36 | $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 | $12.4B | $111.7B |
| 总债务越低越好 | $32.1B | $341.7B |
| 股东权益账面价值 | — | $111.6B |
| 总资产 | $74.0B | $1420.3B |
| 负债/权益比越低杠杆越低 | — | 3.06× |
8季度趋势，按日历期对齐
现金及短期投资HONMS
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.9B | $111.7B | ||
| Q3 25 | $13.4B | $103.7B | ||
| Q2 25 | $10.7B | $109.1B | ||
| Q1 25 | $10.1B | $90.7B | ||
| Q4 24 | $11.0B | — | ||
| Q3 24 | $10.9B | $91.1B | ||
| Q2 24 | $9.8B | $90.2B |
总债务HONMS
| Q1 26 | $32.1B | — | ||
| Q4 25 | $27.1B | $341.7B | ||
| Q3 25 | $30.1B | $324.1B | ||
| Q2 25 | $30.2B | $320.1B | ||
| Q1 25 | $25.7B | $297.0B | ||
| Q4 24 | $25.5B | — | ||
| Q3 24 | $25.9B | $291.2B | ||
| Q2 24 | $20.9B | $269.9B |
股东权益HONMS
| Q1 26 | — | — | ||
| Q4 25 | $13.9B | $111.6B | ||
| Q3 25 | $16.8B | $110.0B | ||
| Q2 25 | $16.1B | $108.2B | ||
| Q1 25 | $17.5B | $106.8B | ||
| Q4 24 | $18.6B | — | ||
| Q3 24 | $17.4B | $103.6B | ||
| Q2 24 | $16.9B | $100.7B |
总资产HONMS
| Q1 26 | $74.0B | — | ||
| Q4 25 | $73.7B | $1420.3B | ||
| Q3 25 | $80.9B | $1364.8B | ||
| Q2 25 | $78.4B | $1353.9B | ||
| Q1 25 | $75.2B | $1300.3B | ||
| Q4 24 | $75.2B | — | ||
| Q3 24 | $73.5B | $1258.0B | ||
| Q2 24 | $69.3B | $1212.4B |
负债/权益比HONMS
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 3.06× | ||
| Q3 25 | 1.79× | 2.95× | ||
| Q2 25 | 1.87× | 2.96× | ||
| Q1 25 | 1.47× | 2.78× | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.49× | 2.81× | ||
| Q2 24 | 1.23× | 2.68× |
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 | $0 | $-2.4B |
| 自由现金流经营现金流 - 资本支出 | $56.0M | — |
| 自由现金流率自由现金流/营收 | 0.6% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | 0.00× | -0.55× |
| 过去12个月自由现金流最近4个季度 | $5.1B | — |
8季度趋势，按日历期对齐
经营现金流HONMS
| Q1 26 | $0 | — | ||
| Q4 25 | $1.2B | $-2.4B | ||
| Q3 25 | $3.3B | $-3.3B | ||
| Q2 25 | $1.3B | $11.8B | ||
| Q1 25 | $597.0M | $-24.0B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.4B | — |
自由现金流HONMS
| Q1 26 | $56.0M | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $346.0M | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.1B | — |
自由现金流率HONMS
| Q1 26 | 0.6% | — | ||
| Q4 25 | 16.7% | — | ||
| Q3 25 | 28.0% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 11.6% | — |
资本支出强度HONMS
| Q1 26 | 2.4% | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 2.7% | — |
现金转化率HONMS
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | -0.55× | ||
| Q3 25 | 1.80× | -0.72× | ||
| Q2 25 | 0.84× | 3.34× | ||
| Q1 25 | 0.41× | -5.56× | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 0.89× | — |
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
HON
| Aerospace Technologies | $4.3B | 47% |
| Building Automation | $1.9B | 21% |
| Process Automation and Technology | $1.5B | 17% |
| Industrial Automation | $1.4B | 16% |
| Corporate and All Other | $5.0M | 0% |
MS
暂无分部数据
