vs
霍尼韦尔（HON）与维萨（V）财务数据对比。点击上方公司名可切换其他公司
维萨的季度营收约是霍尼韦尔的1.2倍（$11.2B vs $9.1B），维萨净利率更高（53.4% vs 8.7%，领先44.7%），维萨同比增速更快（17.0% vs 2.0%），过去两年维萨的营收复合增速更高（12.3% 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。
维萨（Visa Inc.）是总部位于美国加利福尼亚州旧金山的跨国支付卡服务企业，业务覆盖全球电子资金转账领域，旗下拥有Visa品牌的信用卡、借记卡、预付卡等多条产品线，为全球消费者及商户提供安全便捷的电子支付解决方案。
HON vs V — 直观对比
营收规模更大
V
是对方的1.2倍
$9.1B
营收增速更快
V
高出15.0%
2.0%
净利率更高
V
高出44.7%
8.7%
两年增速更快
V
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.1B | $11.2B |
| 净利润 | $795.0M | $6.0B |
| 毛利率 | — | — |
| 营业利润率 | 16.1% | 64.4% |
| 净利率 | 8.7% | 53.4% |
| 营收同比 | 2.0% | 17.0% |
| 净利润同比 | -45.8% | 32.0% |
| 每股收益（稀释后） | $1.29 | — |
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HONV
| Q2 26 | — | $11.2B | ||
| Q1 26 | $9.1B | — | ||
| Q4 25 | $6.9B | $10.9B | ||
| Q3 25 | $10.4B | $10.7B | ||
| Q2 25 | $10.4B | $10.2B | ||
| Q1 25 | $9.8B | $9.6B | ||
| Q4 24 | $10.1B | $9.5B | ||
| Q3 24 | $9.7B | $9.6B |
净利润HONV
| Q2 26 | — | $6.0B | ||
| Q1 26 | $795.0M | — | ||
| Q4 25 | $-115.0M | $5.9B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $1.6B | $5.3B | ||
| Q1 25 | $1.4B | $4.6B | ||
| Q4 24 | $1.3B | $5.1B | ||
| Q3 24 | $1.4B | $5.3B |
毛利率HONV
| Q2 26 | — | — | ||
| 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% | — |
营业利润率HONV
| Q2 26 | — | 64.4% | ||
| Q1 26 | 16.1% | — | ||
| Q4 25 | 16.0% | 61.8% | ||
| Q3 25 | 23.1% | 57.3% | ||
| Q2 25 | 22.9% | 60.7% | ||
| Q1 25 | 23.0% | 56.6% | ||
| Q4 24 | 21.6% | 65.6% | ||
| Q3 24 | 23.6% | 66.0% |
净利率HONV
| Q2 26 | — | 53.4% | ||
| Q1 26 | 8.7% | — | ||
| Q4 25 | -1.7% | 53.7% | ||
| Q3 25 | 17.5% | 47.5% | ||
| Q2 25 | 15.2% | 51.8% | ||
| Q1 25 | 14.8% | 47.7% | ||
| Q4 24 | 12.7% | 53.8% | ||
| Q3 24 | 14.5% | 55.3% |
每股收益（稀释后）HONV
| Q2 26 | — | — | ||
| Q1 26 | $1.29 | — | ||
| Q4 25 | $-0.17 | — | ||
| Q3 25 | $2.86 | — | ||
| Q2 25 | $2.45 | — | ||
| Q1 25 | $2.22 | — | ||
| Q4 24 | $1.96 | — | ||
| Q3 24 | $2.16 | — |
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 | $12.4B |
| 总债务越低越好 | $32.1B | $22.4B |
| 股东权益账面价值 | — | $35.7B |
| 总资产 | $74.0B | $95.0B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资HONV
| Q2 26 | — | $12.4B | ||
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.9B | $14.8B | ||
| Q3 25 | $13.4B | $17.2B | ||
| Q2 25 | $10.7B | $17.1B | ||
| Q1 25 | $10.1B | $11.7B | ||
| Q4 24 | $11.0B | $12.4B | ||
| Q3 24 | $10.9B | $12.0B |
总债务HONV
| Q2 26 | — | $22.4B | ||
| Q1 26 | $32.1B | — | ||
| Q4 25 | $27.1B | — | ||
| Q3 25 | $30.1B | — | ||
| Q2 25 | $30.2B | — | ||
| Q1 25 | $25.7B | — | ||
| Q4 24 | $25.5B | — | ||
| Q3 24 | $25.9B | — |
股东权益HONV
| Q2 26 | — | $35.7B | ||
| Q1 26 | — | — | ||
| Q4 25 | $13.9B | $38.8B | ||
| Q3 25 | $16.8B | $37.9B | ||
| Q2 25 | $16.1B | $38.7B | ||
| Q1 25 | $17.5B | $38.0B | ||
| Q4 24 | $18.6B | $38.3B | ||
| Q3 24 | $17.4B | $39.1B |
总资产HONV
| Q2 26 | — | $95.0B | ||
| Q1 26 | $74.0B | — | ||
| Q4 25 | $73.7B | $96.8B | ||
| Q3 25 | $80.9B | $99.6B | ||
| Q2 25 | $78.4B | $100.0B | ||
| Q1 25 | $75.2B | $92.9B | ||
| Q4 24 | $75.2B | $91.9B | ||
| Q3 24 | $73.5B | $94.5B |
负债/权益比HONV
| Q2 26 | — | 0.63× | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.49× | — |
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 | — |
| 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× | — |
| 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HONV
| Q2 26 | — | — | ||
| Q1 26 | $0 | — | ||
| Q4 25 | $1.2B | $6.8B | ||
| Q3 25 | $3.3B | $6.2B | ||
| Q2 25 | $1.3B | $6.7B | ||
| Q1 25 | $597.0M | $4.7B | ||
| Q4 24 | $2.3B | $5.4B | ||
| Q3 24 | $2.0B | $6.7B |
自由现金流HONV
| Q2 26 | — | — | ||
| Q1 26 | $56.0M | — | ||
| Q4 25 | $1.1B | $6.4B | ||
| Q3 25 | $2.9B | $5.8B | ||
| Q2 25 | $1.0B | $6.3B | ||
| Q1 25 | $346.0M | $4.4B | ||
| Q4 24 | $1.9B | $5.1B | ||
| Q3 24 | $1.7B | $6.4B |
自由现金流率HONV
| Q2 26 | — | — | ||
| Q1 26 | 0.6% | — | ||
| Q4 25 | 16.7% | 58.7% | ||
| Q3 25 | 28.0% | 54.5% | ||
| Q2 25 | 9.8% | 62.0% | ||
| Q1 25 | 3.5% | 45.5% | ||
| Q4 24 | 18.7% | 53.1% | ||
| Q3 24 | 17.7% | 66.1% |
资本支出强度HONV
| Q2 26 | — | — | ||
| Q1 26 | 2.4% | — | ||
| Q4 25 | 0.8% | 3.5% | ||
| Q3 25 | 3.6% | 3.6% | ||
| Q2 25 | 2.9% | 4.1% | ||
| Q1 25 | 2.6% | 3.4% | ||
| Q4 24 | 3.9% | 3.6% | ||
| Q3 24 | 2.9% | 3.2% |
现金转化率HONV
| Q2 26 | — | — | ||
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | 1.80× | 1.23× | ||
| Q2 25 | 0.84× | 1.28× | ||
| Q1 25 | 0.41× | 1.03× | ||
| Q4 24 | 1.78× | 1.05× | ||
| Q3 24 | 1.41× | 1.25× |
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% |
V
| Data processing revenue | $5.5B | 49% |
| International transaction revenue | $3.6B | 32% |
| Other revenue | $1.3B | 12% |
| Other | $736.0M | 7% |
