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霍尼韦尔（HON）与派克汉尼汾（PH）财务数据对比。点击上方公司名可切换其他公司
霍尼韦尔的季度营收约是派克汉尼汾的1.8倍（$9.1B vs $5.2B），派克汉尼汾同比增速更快（9.1% vs 2.0%），派克汉尼汾自由现金流更多（$768.0M vs $56.0M），过去两年派克汉尼汾的营收复合增速更高（1.0% vs -2.3%）
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。
派克汉尼汾（常简称为派克）是一家专注于运动与控制技术的美国企业，前身为派克电器公司，总部坐落于俄亥俄州大克利夫兰都市区的梅菲尔德高地，其技术及产品广泛应用于工业制造、航空航天等多个核心领域。
HON vs PH — 直观对比
营收规模更大
HON
是对方的1.8倍
$5.2B
营收增速更快
PH
高出7.1%
2.0%
自由现金流更多
PH
多$712.0M
$56.0M
两年增速更快
PH
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.1B | $5.2B |
| 净利润 | $795.0M | — |
| 毛利率 | — | 37.3% |
| 营业利润率 | 16.1% | 22.8% |
| 净利率 | 8.7% | — |
| 营收同比 | 2.0% | 9.1% |
| 净利润同比 | -45.8% | — |
| 每股收益（稀释后） | $1.29 | $6.60 |
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HONPH
| Q1 26 | $9.1B | — | ||
| Q4 25 | $6.9B | $5.2B | ||
| Q3 25 | $10.4B | $5.1B | ||
| Q2 25 | $10.4B | $5.2B | ||
| Q1 25 | $9.8B | $5.0B | ||
| Q4 24 | $10.1B | $4.7B | ||
| Q3 24 | $9.7B | $4.9B | ||
| Q2 24 | $9.6B | $5.2B |
净利润HONPH
| Q1 26 | $795.0M | — | ||
| Q4 25 | $-115.0M | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.6B | $923.6M | ||
| Q1 25 | $1.4B | $961.2M | ||
| Q4 24 | $1.3B | $948.6M | ||
| Q3 24 | $1.4B | $698.5M | ||
| Q2 24 | $1.5B | $785.1M |
毛利率HONPH
| Q1 26 | — | — | ||
| Q4 25 | 36.1% | 37.3% | ||
| Q3 25 | 31.1% | 37.5% | ||
| Q2 25 | 35.4% | 37.3% | ||
| Q1 25 | 35.2% | 36.9% | ||
| Q4 24 | 36.4% | 36.3% | ||
| Q3 24 | 35.1% | 36.8% | ||
| Q2 24 | 35.0% | 35.9% |
营业利润率HONPH
| Q1 26 | 16.1% | — | ||
| Q4 25 | 16.0% | 22.8% | ||
| Q3 25 | 23.1% | 23.3% | ||
| Q2 25 | 22.9% | 22.7% | ||
| Q1 25 | 23.0% | 22.3% | ||
| Q4 24 | 21.6% | 20.9% | ||
| Q3 24 | 23.6% | 21.6% | ||
| Q2 24 | 23.0% | 21.1% |
净利率HONPH
| Q1 26 | 8.7% | — | ||
| Q4 25 | -1.7% | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 15.2% | 17.6% | ||
| Q1 25 | 14.8% | 19.4% | ||
| Q4 24 | 12.7% | 20.0% | ||
| Q3 24 | 14.5% | 14.2% | ||
| Q2 24 | 16.1% | 15.1% |
每股收益（稀释后）HONPH
| Q1 26 | $1.29 | — | ||
| Q4 25 | $-0.17 | $6.60 | ||
| Q3 25 | $2.86 | $6.29 | ||
| Q2 25 | $2.45 | $7.16 | ||
| Q1 25 | $2.22 | $7.37 | ||
| Q4 24 | $1.96 | $7.25 | ||
| Q3 24 | $2.16 | $5.34 | ||
| Q2 24 | $2.36 | $6.06 |
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 | $427.0M |
| 总债务越低越好 | $32.1B | $7.5B |
| 股东权益账面价值 | — | $14.3B |
| 总资产 | $74.0B | $30.5B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资HONPH
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.9B | $427.0M | ||
| Q3 25 | $13.4B | $473.0M | ||
| Q2 25 | $10.7B | $467.0M | ||
| Q1 25 | $10.1B | $408.7M | ||
| Q4 24 | $11.0B | $395.5M | ||
| Q3 24 | $10.9B | $371.1M | ||
| Q2 24 | $9.8B | $422.0M |
总债务HONPH
| Q1 26 | $32.1B | — | ||
| Q4 25 | $27.1B | $7.5B | ||
| Q3 25 | $30.1B | $7.5B | ||
| Q2 25 | $30.2B | $7.5B | ||
| Q1 25 | $25.7B | $7.4B | ||
| Q4 24 | $25.5B | $6.7B | ||
| Q3 24 | $25.9B | $6.7B | ||
| Q2 24 | $20.9B | $7.2B |
股东权益HONPH
| Q1 26 | — | — | ||
| Q4 25 | $13.9B | $14.3B | ||
| Q3 25 | $16.8B | $13.8B | ||
| Q2 25 | $16.1B | $13.7B | ||
| Q1 25 | $17.5B | $13.4B | ||
| Q4 24 | $18.6B | $13.1B | ||
| Q3 24 | $17.4B | $12.9B | ||
| Q2 24 | $16.9B | $12.1B |
总资产HONPH
| Q1 26 | $74.0B | — | ||
| Q4 25 | $73.7B | $30.5B | ||
| Q3 25 | $80.9B | $30.7B | ||
| Q2 25 | $78.4B | $29.5B | ||
| Q1 25 | $75.2B | $28.9B | ||
| Q4 24 | $75.2B | $28.3B | ||
| Q3 24 | $73.5B | $29.6B | ||
| Q2 24 | $69.3B | $29.3B |
负债/权益比HONPH
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 0.52× | ||
| Q3 25 | 1.79× | 0.54× | ||
| Q2 25 | 1.87× | 0.55× | ||
| Q1 25 | 1.47× | 0.55× | ||
| Q4 24 | 1.37× | 0.51× | ||
| Q3 24 | 1.49× | 0.52× | ||
| Q2 24 | 1.23× | 0.59× |
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 | $862.0M |
| 自由现金流经营现金流 - 资本支出 | $56.0M | $768.0M |
| 自由现金流率自由现金流/营收 | 0.6% | 14.8% |
| 资本支出强度资本支出/营收 | 2.4% | 1.8% |
| 现金转化率经营现金流/净利润 | 0.00× | — |
| 过去12个月自由现金流最近4个季度 | $5.1B | $3.3B |
8季度趋势，按日历期对齐
经营现金流HONPH
| Q1 26 | $0 | — | ||
| Q4 25 | $1.2B | $862.0M | ||
| Q3 25 | $3.3B | $782.0M | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $597.0M | $630.0M | ||
| Q4 24 | $2.3B | $934.8M | ||
| Q3 24 | $2.0B | $744.0M | ||
| Q2 24 | $1.4B | $1.2B |
自由现金流HONPH
| Q1 26 | $56.0M | — | ||
| Q4 25 | $1.1B | $768.0M | ||
| Q3 25 | $2.9B | $693.0M | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $346.0M | $542.4M | ||
| Q4 24 | $1.9B | $813.6M | ||
| Q3 24 | $1.7B | $648.7M | ||
| Q2 24 | $1.1B | $1.1B |
自由现金流率HONPH
| Q1 26 | 0.6% | — | ||
| Q4 25 | 16.7% | 14.8% | ||
| Q3 25 | 28.0% | 13.6% | ||
| Q2 25 | 9.8% | 25.5% | ||
| Q1 25 | 3.5% | 10.9% | ||
| Q4 24 | 18.7% | 17.2% | ||
| Q3 24 | 17.7% | 13.2% | ||
| Q2 24 | 11.6% | 21.6% |
资本支出强度HONPH
| Q1 26 | 2.4% | — | ||
| Q4 25 | 0.8% | 1.8% | ||
| Q3 25 | 3.6% | 1.8% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 2.6% | 1.8% | ||
| Q4 24 | 3.9% | 2.6% | ||
| Q3 24 | 2.9% | 1.9% | ||
| Q2 24 | 2.7% | 2.3% |
现金转化率HONPH
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 0.84× | 1.59× | ||
| Q1 25 | 0.41× | 0.66× | ||
| Q4 24 | 1.78× | 0.99× | ||
| Q3 24 | 1.41× | 1.07× | ||
| Q2 24 | 0.89× | 1.58× |
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% |
PH
| Filtration And Engineered Materials | $1.5B | 28% |
| Other | $1.1B | 22% |
| Motion Systems | $893.0M | 17% |
| Commercial Aftermarket | $619.0M | 12% |
| Commercial Original Equipment Manufacturer | $561.0M | 11% |
| Defense Original Equipment Manufacturer | $305.0M | 6% |
| Defense Aftermarket | $221.0M | 4% |
