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霍尼韦尔（HON）与Wabtec（WAB）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Wabtec的3.1倍（$9.1B vs $3.0B），Wabtec净利率更高（12.3% vs 8.7%，领先3.6%），Wabtec同比增速更快（13.0% vs 2.0%），过去两年Wabtec的营收复合增速更高（5.6% 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。
西屋空气制动技术公司（通称Wabtec）是美国知名轨道交通设备企业，1999年由西屋空气制动公司（WABCO）与动力设备厂商MotivePower合并组建，总部设于宾夕法尼亚州匹兹堡，在全球轨交制动系统、牵引动力设备等领域拥有领先的技术实力与市场份额。
HON vs WAB — 直观对比
营收规模更大
HON
是对方的3.1倍
$3.0B
营收增速更快
WAB
高出11.0%
2.0%
净利率更高
WAB
高出3.6%
8.7%
两年增速更快
WAB
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.1B | $3.0B |
| 净利润 | $795.0M | $363.0M |
| 毛利率 | — | 36.0% |
| 营业利润率 | 16.1% | 17.5% |
| 净利率 | 8.7% | 12.3% |
| 营收同比 | 2.0% | 13.0% |
| 净利润同比 | -45.8% | 11.0% |
| 每股收益（稀释后） | $1.29 | $2.12 |
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HONWAB
| Q1 26 | $9.1B | $3.0B | ||
| Q4 25 | $6.9B | $3.0B | ||
| Q3 25 | $10.4B | $2.9B | ||
| Q2 25 | $10.4B | $2.7B | ||
| Q1 25 | $9.8B | $2.6B | ||
| Q4 24 | $10.1B | $2.6B | ||
| Q3 24 | $9.7B | $2.7B | ||
| Q2 24 | $9.6B | $2.6B |
净利润HONWAB
| Q1 26 | $795.0M | $363.0M | ||
| Q4 25 | $-115.0M | $202.0M | ||
| Q3 25 | $1.8B | $310.0M | ||
| Q2 25 | $1.6B | $336.0M | ||
| Q1 25 | $1.4B | $322.0M | ||
| Q4 24 | $1.3B | $212.0M | ||
| Q3 24 | $1.4B | $283.0M | ||
| Q2 24 | $1.5B | $289.0M |
毛利率HONWAB
| Q1 26 | — | 36.0% | ||
| Q4 25 | 36.1% | 32.6% | ||
| Q3 25 | 31.1% | 34.7% | ||
| Q2 25 | 35.4% | 34.7% | ||
| Q1 25 | 35.2% | 34.5% | ||
| Q4 24 | 36.4% | 30.9% | ||
| Q3 24 | 35.1% | 33.0% | ||
| Q2 24 | 35.0% | 33.1% |
营业利润率HONWAB
| Q1 26 | 16.1% | 17.5% | ||
| Q4 25 | 16.0% | 12.0% | ||
| Q3 25 | 23.1% | 17.0% | ||
| Q2 25 | 22.9% | 17.4% | ||
| Q1 25 | 23.0% | 18.2% | ||
| Q4 24 | 21.6% | 12.9% | ||
| Q3 24 | 23.6% | 16.3% | ||
| Q2 24 | 23.0% | 16.3% |
净利率HONWAB
| Q1 26 | 8.7% | 12.3% | ||
| Q4 25 | -1.7% | 6.8% | ||
| Q3 25 | 17.5% | 10.7% | ||
| Q2 25 | 15.2% | 12.4% | ||
| Q1 25 | 14.8% | 12.3% | ||
| Q4 24 | 12.7% | 8.2% | ||
| Q3 24 | 14.5% | 10.6% | ||
| Q2 24 | 16.1% | 10.9% |
每股收益（稀释后）HONWAB
| Q1 26 | $1.29 | $2.12 | ||
| Q4 25 | $-0.17 | $1.18 | ||
| Q3 25 | $2.86 | $1.81 | ||
| Q2 25 | $2.45 | $1.96 | ||
| Q1 25 | $2.22 | $1.88 | ||
| Q4 24 | $1.96 | $1.24 | ||
| Q3 24 | $2.16 | $1.63 | ||
| Q2 24 | $2.36 | $1.64 |
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 | — |
| 总债务越低越好 | $32.1B | $4.7B |
| 股东权益账面价值 | — | $11.1B |
| 总资产 | $74.0B | $23.2B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资HONWAB
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.9B | — | ||
| Q3 25 | $13.4B | — | ||
| Q2 25 | $10.7B | — | ||
| Q1 25 | $10.1B | — | ||
| Q4 24 | $11.0B | — | ||
| Q3 24 | $10.9B | — | ||
| Q2 24 | $9.8B | — |
总债务HONWAB
| Q1 26 | $32.1B | $4.7B | ||
| Q4 25 | $27.1B | $5.5B | ||
| Q3 25 | $30.1B | $5.3B | ||
| Q2 25 | $30.2B | $4.8B | ||
| Q1 25 | $25.7B | $4.0B | ||
| Q4 24 | $25.5B | $4.0B | ||
| Q3 24 | $25.9B | $4.0B | ||
| Q2 24 | $20.9B | $4.0B |
股东权益HONWAB
| Q1 26 | — | $11.1B | ||
| Q4 25 | $13.9B | $11.1B | ||
| Q3 25 | $16.8B | $11.0B | ||
| Q2 25 | $16.1B | $10.8B | ||
| Q1 25 | $17.5B | $10.4B | ||
| Q4 24 | $18.6B | $10.1B | ||
| Q3 24 | $17.4B | $10.3B | ||
| Q2 24 | $16.9B | $10.5B |
总资产HONWAB
| Q1 26 | $74.0B | $23.2B | ||
| Q4 25 | $73.7B | $22.1B | ||
| Q3 25 | $80.9B | $21.5B | ||
| Q2 25 | $78.4B | $20.4B | ||
| Q1 25 | $75.2B | $19.1B | ||
| Q4 24 | $75.2B | $18.7B | ||
| Q3 24 | $73.5B | $18.6B | ||
| Q2 24 | $69.3B | $18.9B |
负债/权益比HONWAB
| Q1 26 | — | 0.42× | ||
| Q4 25 | 1.95× | 0.50× | ||
| Q3 25 | 1.79× | 0.48× | ||
| Q2 25 | 1.87× | 0.44× | ||
| Q1 25 | 1.47× | 0.39× | ||
| Q4 24 | 1.37× | 0.39× | ||
| Q3 24 | 1.49× | 0.39× | ||
| Q2 24 | 1.23× | 0.38× |
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 | $199.0M |
| 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HONWAB
| Q1 26 | $0 | $199.0M | ||
| Q4 25 | $1.2B | $992.0M | ||
| Q3 25 | $3.3B | $367.0M | ||
| Q2 25 | $1.3B | $209.0M | ||
| Q1 25 | $597.0M | $191.0M | ||
| Q4 24 | $2.3B | $723.0M | ||
| Q3 24 | $2.0B | $542.0M | ||
| Q2 24 | $1.4B | $235.0M |
自由现金流HONWAB
| Q1 26 | $56.0M | — | ||
| Q4 25 | $1.1B | $870.0M | ||
| Q3 25 | $2.9B | $312.0M | ||
| Q2 25 | $1.0B | $170.0M | ||
| Q1 25 | $346.0M | $147.0M | ||
| Q4 24 | $1.9B | $639.0M | ||
| Q3 24 | $1.7B | $496.0M | ||
| Q2 24 | $1.1B | $189.0M |
自由现金流率HONWAB
| Q1 26 | 0.6% | — | ||
| Q4 25 | 16.7% | 29.3% | ||
| Q3 25 | 28.0% | 10.8% | ||
| Q2 25 | 9.8% | 6.3% | ||
| Q1 25 | 3.5% | 5.6% | ||
| Q4 24 | 18.7% | 24.7% | ||
| Q3 24 | 17.7% | 18.6% | ||
| Q2 24 | 11.6% | 7.1% |
资本支出强度HONWAB
| Q1 26 | 2.4% | — | ||
| Q4 25 | 0.8% | 4.1% | ||
| Q3 25 | 3.6% | 1.9% | ||
| Q2 25 | 2.9% | 1.4% | ||
| Q1 25 | 2.6% | 1.7% | ||
| Q4 24 | 3.9% | 3.3% | ||
| Q3 24 | 2.9% | 1.7% | ||
| Q2 24 | 2.7% | 1.7% |
现金转化率HONWAB
| Q1 26 | 0.00× | 0.55× | ||
| Q4 25 | — | 4.91× | ||
| Q3 25 | 1.80× | 1.18× | ||
| Q2 25 | 0.84× | 0.62× | ||
| Q1 25 | 0.41× | 0.59× | ||
| Q4 24 | 1.78× | 3.41× | ||
| Q3 24 | 1.41× | 1.92× | ||
| Q2 24 | 0.89× | 0.81× |
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% |
WAB
暂无分部数据
