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慧与（HPE）与宣伟（SHW）财务数据对比。点击上方公司名可切换其他公司
慧与的季度营收约是宣伟的1.7倍（$9.7B vs $5.7B），宣伟净利率更高（9.4% vs 1.8%，领先7.6%），慧与同比增速更快（14.4% vs 6.8%），过去两年慧与的营收复合增速更高（19.7% vs -4.9%）
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及配套咨询与技术支持服务，2018年位列美国《财富》500强美国企业营收排行榜第107位。
宣伟是总部位于美国俄亥俄州克利夫兰的涂料企业，主要从事涂料、地坪覆盖材料及相关产品的生产、分销与销售业务，业务覆盖全球超过120个国家，截至2024年按营收计为全球规模最大的涂料企业。
HPE vs SHW — 直观对比
营收规模更大
HPE
是对方的1.7倍
$5.7B
营收增速更快
HPE
高出7.6%
6.8%
净利率更高
SHW
高出7.6%
1.8%
两年增速更快
HPE
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.7B | $5.7B |
| 净利润 | $175.0M | $534.7M |
| 毛利率 | — | 49.1% |
| 营业利润率 | -0.1% | — |
| 净利率 | 1.8% | 9.4% |
| 营收同比 | 14.4% | 6.8% |
| 净利润同比 | -87.2% | 6.1% |
| 每股收益（稀释后） | $0.13 | $2.15 |
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HPESHW
| Q1 26 | — | $5.7B | ||
| Q4 25 | $9.7B | $5.6B | ||
| Q3 25 | $9.1B | $6.4B | ||
| Q2 25 | $7.6B | $6.3B | ||
| Q1 25 | $7.9B | $5.3B | ||
| Q4 24 | $8.5B | $5.3B | ||
| Q3 24 | $7.7B | $6.2B | ||
| Q2 24 | $7.2B | $6.3B |
净利润HPESHW
| Q1 26 | — | $534.7M | ||
| Q4 25 | $175.0M | $476.8M | ||
| Q3 25 | $305.0M | $833.1M | ||
| Q2 25 | $-1.1B | $754.7M | ||
| Q1 25 | $627.0M | $503.9M | ||
| Q4 24 | $1.4B | $480.1M | ||
| Q3 24 | $512.0M | $806.2M | ||
| Q2 24 | $314.0M | $889.9M |
毛利率HPESHW
| Q1 26 | — | 49.1% | ||
| Q4 25 | — | 48.5% | ||
| Q3 25 | — | 49.2% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 48.2% | ||
| Q4 24 | — | 48.6% | ||
| Q3 24 | — | 49.1% | ||
| Q2 24 | — | 48.8% |
营业利润率HPESHW
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | 11.4% | ||
| Q3 25 | 2.7% | 16.7% | ||
| Q2 25 | -14.5% | 15.6% | ||
| Q1 25 | 5.5% | 12.3% | ||
| Q4 24 | 8.2% | 11.6% | ||
| Q3 24 | 7.1% | 21.4% | ||
| Q2 24 | 5.9% | 22.5% |
净利率HPESHW
| Q1 26 | — | 9.4% | ||
| Q4 25 | 1.8% | 8.5% | ||
| Q3 25 | 3.3% | 13.1% | ||
| Q2 25 | -13.8% | 12.0% | ||
| Q1 25 | 8.0% | 9.5% | ||
| Q4 24 | 16.2% | 9.1% | ||
| Q3 24 | 6.6% | 13.1% | ||
| Q2 24 | 4.4% | 14.2% |
每股收益（稀释后）HPESHW
| Q1 26 | — | $2.15 | ||
| Q4 25 | $0.13 | $1.91 | ||
| Q3 25 | $0.21 | $3.35 | ||
| Q2 25 | $-0.82 | $3.00 | ||
| Q1 25 | $0.44 | $2.00 | ||
| Q4 24 | $1.02 | $1.90 | ||
| Q3 24 | $0.38 | $3.18 | ||
| Q2 24 | $0.24 | $3.50 |
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 | $5.8B | $216.9K |
| 总债务越低越好 | $17.8B | $11.7M |
| 股东权益账面价值 | $24.7B | $4.4M |
| 总资产 | $75.9B | $26.4M |
| 负债/权益比越低杠杆越低 | 0.72× | 2.64× |
8季度趋势，按日历期对齐
现金及短期投资HPESHW
| Q1 26 | — | $216.9K | ||
| Q4 25 | $5.8B | $207.2M | ||
| Q3 25 | $4.6B | $241.5M | ||
| Q2 25 | $11.7B | $269.8M | ||
| Q1 25 | $13.4B | $199.8M | ||
| Q4 24 | $14.8B | $210.4M | ||
| Q3 24 | $3.6B | $238.2M | ||
| Q2 24 | $2.7B | $200.0M |
总债务HPESHW
| Q1 26 | — | $11.7M | ||
| Q4 25 | $17.8B | $9.7B | ||
| Q3 25 | $16.9B | $9.7B | ||
| Q2 25 | $12.4B | $9.0B | ||
| Q1 25 | $13.3B | $9.0B | ||
| Q4 24 | $13.5B | $9.2B | ||
| Q3 24 | $7.9B | $9.2B | ||
| Q2 24 | $7.5B | $9.0B |
股东权益HPESHW
| Q1 26 | — | $4.4M | ||
| Q4 25 | $24.7B | $4.6B | ||
| Q3 25 | $24.4B | $4.4B | ||
| Q2 25 | $23.9B | $4.4B | ||
| Q1 25 | $25.2B | $4.1B | ||
| Q4 24 | $24.8B | $4.1B | ||
| Q3 24 | $22.1B | $4.2B | ||
| Q2 24 | $21.7B | $3.8B |
总资产HPESHW
| Q1 26 | — | $26.4M | ||
| Q4 25 | $75.9B | $25.9B | ||
| Q3 25 | $77.3B | $26.2B | ||
| Q2 25 | $67.9B | $25.4B | ||
| Q1 25 | $70.3B | $24.6B | ||
| Q4 24 | $71.3B | $23.6B | ||
| Q3 24 | $60.9B | $24.0B | ||
| Q2 24 | $59.7B | $23.7B |
负债/权益比HPESHW
| Q1 26 | — | 2.64× | ||
| Q4 25 | 0.72× | 2.10× | ||
| Q3 25 | 0.69× | 2.18× | ||
| Q2 25 | 0.52× | 2.04× | ||
| Q1 25 | 0.53× | 2.17× | ||
| Q4 24 | 0.54× | 2.28× | ||
| Q3 24 | 0.36× | 2.22× | ||
| Q2 24 | 0.35× | 2.39× |
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 | $2.5B | — |
| 自由现金流经营现金流 - 资本支出 | $1.8B | — |
| 自由现金流率自由现金流/营收 | 18.8% | — |
| 资本支出强度资本支出/营收 | 6.6% | 2.4% |
| 现金转化率经营现金流/净利润 | 14.09× | — |
| 过去12个月自由现金流最近4个季度 | $627.0M | — |
8季度趋势，按日历期对齐
经营现金流HPESHW
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $-461.0M | $1.1B | ||
| Q1 25 | $-390.0M | $-61.1M | ||
| Q4 24 | $2.0B | $934.5M | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B |
自由现金流HPESHW
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $862.1M | ||
| Q3 25 | $729.0M | $1.1B | ||
| Q2 25 | $-1.0B | $931.1M | ||
| Q1 25 | $-918.0M | $-250.4M | ||
| Q4 24 | $1.4B | $634.5M | ||
| Q3 24 | $611.0M | $839.4M | ||
| Q2 24 | $533.0M | $952.0M |
自由现金流率HPESHW
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | 15.4% | ||
| Q3 25 | 8.0% | 17.5% | ||
| Q2 25 | -13.2% | 14.7% | ||
| Q1 25 | -11.7% | -4.7% | ||
| Q4 24 | 16.8% | 12.0% | ||
| Q3 24 | 7.9% | 13.6% | ||
| Q2 24 | 7.4% | 15.2% |
资本支出强度HPESHW
| Q1 26 | — | 2.4% | ||
| Q4 25 | 6.6% | 4.1% | ||
| Q3 25 | 6.3% | 3.1% | ||
| Q2 25 | 7.2% | 2.9% | ||
| Q1 25 | 6.7% | 3.6% | ||
| Q4 24 | 7.2% | 5.7% | ||
| Q3 24 | 7.0% | 3.8% | ||
| Q2 24 | 7.8% | 4.0% |
现金转化率HPESHW
| Q1 26 | — | — | ||
| Q4 25 | 14.09× | 2.29× | ||
| Q3 25 | 4.28× | 1.57× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | -0.62× | -0.12× | ||
| Q4 24 | 1.49× | 1.95× | ||
| Q3 24 | 2.25× | 1.33× | ||
| Q2 24 | 3.48× | 1.35× |
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
HPE
| Products | $6.2B | 64% |
| Services | $3.3B | 34% |
| Other | $199.0M | 2% |
SHW
暂无分部数据
