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Helmerich & Payne, Inc.（HP）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的1.3倍（$981.1M vs $766.5M），SCANSOURCE, INC.净利率更高（2.2% vs -9.9%，领先12.0%），Helmerich & Payne, Inc.同比增速更快（45.4% vs 2.5%），Helmerich & Payne, Inc.自由现金流更多（$114.9M vs $28.9M），过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
HP vs SCSC — 直观对比
营收规模更大
HP
是对方的1.3倍
$766.5M
营收增速更快
HP
高出42.9%
2.5%
净利率更高
SCSC
高出12.0%
-9.9%
自由现金流更多
HP
多$86.0M
$28.9M
两年增速更快
HP
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $766.5M |
| 净利润 | $-96.7M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | -6.1% | 2.3% |
| 净利率 | -9.9% | 2.2% |
| 营收同比 | 45.4% | 2.5% |
| 净利润同比 | -276.6% | -3.3% |
| 每股收益（稀释后） | $-0.98 | $0.75 |
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HPSCSC
| Q4 25 | $981.1M | $766.5M | ||
| Q3 25 | $953.8M | $739.6M | ||
| Q2 25 | $1.0B | $812.9M | ||
| Q1 25 | $1.0B | $704.8M | ||
| Q4 24 | $674.6M | $747.5M | ||
| Q3 24 | $691.3M | $775.6M | ||
| Q2 24 | $695.1M | $746.1M | ||
| Q1 24 | $685.1M | $752.6M |
净利润HPSCSC
| Q4 25 | $-96.7M | $16.5M | ||
| Q3 25 | $-57.4M | $19.9M | ||
| Q2 25 | $-162.8M | $20.1M | ||
| Q1 25 | $1.7M | $17.4M | ||
| Q4 24 | $54.8M | $17.1M | ||
| Q3 24 | $75.5M | $17.0M | ||
| Q2 24 | $88.7M | $16.1M | ||
| Q1 24 | $84.8M | $12.8M |
毛利率HPSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率HPSCSC
| Q4 25 | -6.1% | 2.3% | ||
| Q3 25 | -0.1% | 3.5% | ||
| Q2 25 | -12.4% | 3.3% | ||
| Q1 25 | 4.2% | 3.2% | ||
| Q4 24 | 13.3% | 2.5% | ||
| Q3 24 | 15.4% | 2.3% | ||
| Q2 24 | 16.0% | 2.9% | ||
| Q1 24 | 16.1% | 2.3% |
净利率HPSCSC
| Q4 25 | -9.9% | 2.2% | ||
| Q3 25 | -6.0% | 2.7% | ||
| Q2 25 | -15.7% | 2.5% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | 8.1% | 2.3% | ||
| Q3 24 | 10.9% | 2.2% | ||
| Q2 24 | 12.8% | 2.2% | ||
| Q1 24 | 12.4% | 1.7% |
每股收益（稀释后）HPSCSC
| Q4 25 | $-0.98 | $0.75 | ||
| Q3 25 | $-0.57 | $0.89 | ||
| Q2 25 | $-1.64 | $0.87 | ||
| Q1 25 | $0.01 | $0.74 | ||
| Q4 24 | $0.54 | $0.70 | ||
| Q3 24 | $0.77 | $0.69 | ||
| Q2 24 | $0.88 | $0.66 | ||
| Q1 24 | $0.84 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.7B | $910.9M |
| 总资产 | $6.5B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资HPSCSC
| Q4 25 | $269.0M | $83.5M | ||
| Q3 25 | $218.3M | $124.9M | ||
| Q2 25 | $187.4M | $126.2M | ||
| Q1 25 | $195.6M | $146.3M | ||
| Q4 24 | $526.5M | $110.5M | ||
| Q3 24 | $510.3M | $145.0M | ||
| Q2 24 | $289.7M | $185.5M | ||
| Q1 24 | $277.0M | $159.1M |
总债务HPSCSC
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HPSCSC
| Q4 25 | $2.7B | $910.9M | ||
| Q3 25 | $2.8B | $914.0M | ||
| Q2 25 | $2.9B | $906.4M | ||
| Q1 25 | $3.1B | $901.7M | ||
| Q4 24 | $2.9B | $900.7M | ||
| Q3 24 | $2.9B | $920.9M | ||
| Q2 24 | $2.9B | $924.3M | ||
| Q1 24 | $2.8B | $944.1M |
总资产HPSCSC
| Q4 25 | $6.5B | $1.7B | ||
| Q3 25 | $6.7B | $1.7B | ||
| Q2 25 | $6.9B | $1.8B | ||
| Q1 25 | $7.2B | $1.7B | ||
| Q4 24 | $5.8B | $1.7B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $4.5B | $1.8B | ||
| Q1 24 | $4.4B | $1.8B |
负债/权益比HPSCSC
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $114.9M | $28.9M |
| 自由现金流率自由现金流/营收 | 11.7% | 3.8% |
| 资本支出强度资本支出/营收 | 6.9% | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | $179.6M | — |
8季度趋势，按日历期对齐
经营现金流HPSCSC
| Q4 25 | $182.4M | $30.8M | ||
| Q3 25 | $206.9M | $23.2M | ||
| Q2 25 | $121.6M | — | ||
| Q1 25 | $56.0M | $66.1M | ||
| Q4 24 | $158.4M | $-6.2M | ||
| Q3 24 | $168.8M | $44.8M | ||
| Q2 24 | $197.4M | — | ||
| Q1 24 | $143.7M | $160.2M |
自由现金流HPSCSC
| Q4 25 | $114.9M | $28.9M | ||
| Q3 25 | $142.8M | $20.8M | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-102.7M | $64.6M | ||
| Q4 24 | $51.9M | $-8.2M | ||
| Q3 24 | $62.8M | $42.5M | ||
| Q2 24 | $63.0M | — | ||
| Q1 24 | $25.4M | $157.7M |
自由现金流率HPSCSC
| Q4 25 | 11.7% | 3.8% | ||
| Q3 25 | 15.0% | 2.8% | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | -10.1% | 9.2% | ||
| Q4 24 | 7.7% | -1.1% | ||
| Q3 24 | 9.1% | 5.5% | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 3.7% | 21.0% |
资本支出强度HPSCSC
| Q4 25 | 6.9% | 0.3% | ||
| Q3 25 | 6.7% | 0.3% | ||
| Q2 25 | 9.3% | 0.3% | ||
| Q1 25 | 15.7% | 0.2% | ||
| Q4 24 | 15.8% | 0.3% | ||
| Q3 24 | 15.3% | 0.3% | ||
| Q2 24 | 19.3% | 0.2% | ||
| Q1 24 | 17.3% | 0.3% |
现金转化率HPSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | 33.89× | 3.79× | ||
| Q4 24 | 2.89× | -0.36× | ||
| Q3 24 | 2.24× | 2.64× | ||
| Q2 24 | 2.23× | — | ||
| Q1 24 | 1.69× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
