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Helmerich & Payne, Inc.（HP）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
Helmerich & Payne, Inc.的季度营收约是美森的1.2倍（$981.1M vs $851.9M），美森净利率更高（16.8% vs -9.9%，领先26.7%），Helmerich & Payne, Inc.同比增速更快（45.4% vs -4.3%），Helmerich & Payne, Inc.自由现金流更多（$114.9M vs $42.2M），过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% vs 8.6%）
Helmerich & Payne（简称H&P）是总部位于美国俄克拉荷马州塔尔萨的跨国石油钻探承包商，为油气勘探开发企业提供钻井及相关配套服务。公司1998年推出的FlexRigs系列钻井平台广泛应用于非常规页岩地层钻探作业，是全球最大的陆上钻探服务商之一。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
HP vs MATX — 直观对比
营收规模更大
HP
是对方的1.2倍
$851.9M
营收增速更快
HP
高出49.7%
-4.3%
净利率更高
MATX
高出26.7%
-9.9%
自由现金流更多
HP
多$72.7M
$42.2M
两年增速更快
HP
近两年复合增速
8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $851.9M |
| 净利润 | $-96.7M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | -6.1% | 16.9% |
| 净利率 | -9.9% | 16.8% |
| 营收同比 | 45.4% | -4.3% |
| 净利润同比 | -276.6% | 11.8% |
| 每股收益（稀释后） | $-0.98 | $4.47 |
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HPMATX
| Q4 25 | $981.1M | $851.9M | ||
| Q3 25 | $953.8M | $880.1M | ||
| Q2 25 | $1.0B | $830.5M | ||
| Q1 25 | $1.0B | $782.0M | ||
| Q4 24 | $674.6M | $890.3M | ||
| Q3 24 | $691.3M | $962.0M | ||
| Q2 24 | $695.1M | $847.4M | ||
| Q1 24 | $685.1M | $722.1M |
净利润HPMATX
| Q4 25 | $-96.7M | $143.1M | ||
| Q3 25 | $-57.4M | $134.7M | ||
| Q2 25 | $-162.8M | $94.7M | ||
| Q1 25 | $1.7M | $72.3M | ||
| Q4 24 | $54.8M | $128.0M | ||
| Q3 24 | $75.5M | $199.1M | ||
| Q2 24 | $88.7M | $113.2M | ||
| Q1 24 | $84.8M | $36.1M |
营业利润率HPMATX
| Q4 25 | -6.1% | 16.9% | ||
| Q3 25 | -0.1% | 18.3% | ||
| Q2 25 | -12.4% | 13.6% | ||
| Q1 25 | 4.2% | 10.5% | ||
| Q4 24 | 13.3% | 16.6% | ||
| Q3 24 | 15.4% | 25.2% | ||
| Q2 24 | 16.0% | 14.7% | ||
| Q1 24 | 16.1% | 5.1% |
净利率HPMATX
| Q4 25 | -9.9% | 16.8% | ||
| Q3 25 | -6.0% | 15.3% | ||
| Q2 25 | -15.7% | 11.4% | ||
| Q1 25 | 0.2% | 9.2% | ||
| Q4 24 | 8.1% | 14.4% | ||
| Q3 24 | 10.9% | 20.7% | ||
| Q2 24 | 12.8% | 13.4% | ||
| Q1 24 | 12.4% | 5.0% |
每股收益（稀释后）HPMATX
| Q4 25 | $-0.98 | $4.47 | ||
| Q3 25 | $-0.57 | $4.24 | ||
| Q2 25 | $-1.64 | $2.92 | ||
| Q1 25 | $0.01 | $2.18 | ||
| Q4 24 | $0.54 | $3.69 | ||
| Q3 24 | $0.77 | $5.89 | ||
| Q2 24 | $0.88 | $3.31 | ||
| Q1 24 | $0.84 | $1.04 |
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 | $269.0M | $141.9M |
| 总债务越低越好 | $2.0B | $361.2M |
| 股东权益账面价值 | $2.7B | $2.8B |
| 总资产 | $6.5B | $4.6B |
| 负债/权益比越低杠杆越低 | 0.75× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资HPMATX
| Q4 25 | $269.0M | $141.9M | ||
| Q3 25 | $218.3M | $92.7M | ||
| Q2 25 | $187.4M | $59.1M | ||
| Q1 25 | $195.6M | $122.0M | ||
| Q4 24 | $526.5M | $266.8M | ||
| Q3 24 | $510.3M | $270.3M | ||
| Q2 24 | $289.7M | $168.2M | ||
| Q1 24 | $277.0M | $25.9M |
总债务HPMATX
| Q4 25 | $2.0B | $361.2M | ||
| Q3 25 | $2.1B | $370.9M | ||
| Q2 25 | $2.2B | $341.3M | ||
| Q1 25 | $2.2B | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | $1.8B | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益HPMATX
| Q4 25 | $2.7B | $2.8B | ||
| Q3 25 | $2.8B | $2.7B | ||
| Q2 25 | $2.9B | $2.6B | ||
| Q1 25 | $3.1B | $2.6B | ||
| Q4 24 | $2.9B | $2.7B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $2.9B | $2.4B | ||
| Q1 24 | $2.8B | $2.4B |
总资产HPMATX
| Q4 25 | $6.5B | $4.6B | ||
| Q3 25 | $6.7B | $4.6B | ||
| Q2 25 | $6.9B | $4.5B | ||
| Q1 25 | $7.2B | $4.5B | ||
| Q4 24 | $5.8B | $4.6B | ||
| Q3 24 | $5.8B | $4.4B | ||
| Q2 24 | $4.5B | $4.3B | ||
| Q1 24 | $4.4B | $4.2B |
负债/权益比HPMATX
| Q4 25 | 0.75× | 0.13× | ||
| Q3 25 | 0.73× | 0.14× | ||
| Q2 25 | 0.76× | 0.13× | ||
| Q1 25 | 0.73× | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | 0.61× | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $182.4M | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | $42.2M |
| 自由现金流率自由现金流/营收 | 11.7% | 5.0% |
| 资本支出强度资本支出/营收 | 6.9% | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | $179.6M | $153.7M |
8季度趋势，按日历期对齐
经营现金流HPMATX
| Q4 25 | $182.4M | $176.9M | ||
| Q3 25 | $206.9M | $175.6M | ||
| Q2 25 | $121.6M | $105.6M | ||
| Q1 25 | $56.0M | $89.0M | ||
| Q4 24 | $158.4M | $174.7M | ||
| Q3 24 | $168.8M | $248.6M | ||
| Q2 24 | $197.4M | $307.9M | ||
| Q1 24 | $143.7M | $36.6M |
自由现金流HPMATX
| Q4 25 | $114.9M | $42.2M | ||
| Q3 25 | $142.8M | $92.4M | ||
| Q2 25 | $24.6M | $19.3M | ||
| Q1 25 | $-102.7M | $-200.0K | ||
| Q4 24 | $51.9M | $49.3M | ||
| Q3 24 | $62.8M | $189.0M | ||
| Q2 24 | $63.0M | $238.1M | ||
| Q1 24 | $25.4M | $-18.7M |
自由现金流率HPMATX
| Q4 25 | 11.7% | 5.0% | ||
| Q3 25 | 15.0% | 10.5% | ||
| Q2 25 | 2.4% | 2.3% | ||
| Q1 25 | -10.1% | -0.0% | ||
| Q4 24 | 7.7% | 5.5% | ||
| Q3 24 | 9.1% | 19.6% | ||
| Q2 24 | 9.1% | 28.1% | ||
| Q1 24 | 3.7% | -2.6% |
资本支出强度HPMATX
| Q4 25 | 6.9% | 15.8% | ||
| Q3 25 | 6.7% | 9.5% | ||
| Q2 25 | 9.3% | 10.4% | ||
| Q1 25 | 15.7% | 11.4% | ||
| Q4 24 | 15.8% | 14.1% | ||
| Q3 24 | 15.3% | 6.2% | ||
| Q2 24 | 19.3% | 8.2% | ||
| Q1 24 | 17.3% | 7.7% |
现金转化率HPMATX
| Q4 25 | — | 1.24× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | 33.89× | 1.23× | ||
| Q4 24 | 2.89× | 1.36× | ||
| Q3 24 | 2.24× | 1.25× | ||
| Q2 24 | 2.23× | 2.72× | ||
| Q1 24 | 1.69× | 1.01× |
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
HP
| North America Solutions | $563.6M | 57% |
| International Solutions Segment | $229.3M | 23% |
| Offshore Solutions | $188.3M | 19% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
