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荷美尔食品（HRL）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
荷美尔食品的季度营收约是豪士科的1.2倍（$3.2B vs $2.7B），豪士科净利率更高（5.0% vs -1.8%，领先6.7%），豪士科同比增速更快（3.5% vs 1.5%），豪士科自由现金流更多（$540.3M vs $231.4M），过去两年荷美尔食品的营收复合增速更高（3.1% vs 2.8%）
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
HRL vs OSK — 直观对比
营收规模更大
HRL
是对方的1.2倍
$2.7B
营收增速更快
OSK
高出2.0%
1.5%
净利率更高
OSK
高出6.7%
-1.8%
自由现金流更多
OSK
多$308.9M
$231.4M
两年增速更快
HRL
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.7B |
| 净利润 | $-56.1M | $133.8M |
| 毛利率 | 14.0% | 15.8% |
| 营业利润率 | 0.1% | 7.9% |
| 净利率 | -1.8% | 5.0% |
| 营收同比 | 1.5% | 3.5% |
| 净利润同比 | -125.5% | -12.6% |
| 每股收益（稀释后） | $-0.10 | — |
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HRLOSK
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | $2.7B | ||
| Q2 25 | $2.9B | $2.7B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.1B | $2.6B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $2.9B | $2.8B | ||
| Q1 24 | $3.0B | $2.5B |
净利润HRLOSK
| Q4 25 | $-56.1M | $133.8M | ||
| Q3 25 | $183.7M | $196.2M | ||
| Q2 25 | $180.0M | $204.8M | ||
| Q1 25 | $170.6M | $112.2M | ||
| Q4 24 | $220.2M | $153.1M | ||
| Q3 24 | $176.7M | $180.3M | ||
| Q2 24 | $189.3M | $168.6M | ||
| Q1 24 | $218.9M | $179.4M |
毛利率HRLOSK
| Q4 25 | 14.0% | 15.8% | ||
| Q3 25 | 16.1% | 17.5% | ||
| Q2 25 | 16.7% | 19.2% | ||
| Q1 25 | 15.9% | 17.3% | ||
| Q4 24 | 16.6% | 17.2% | ||
| Q3 24 | 16.8% | 18.5% | ||
| Q2 24 | 17.4% | 19.2% | ||
| Q1 24 | 17.0% | 18.5% |
营业利润率HRLOSK
| Q4 25 | 0.1% | 7.9% | ||
| Q3 25 | 7.9% | 9.7% | ||
| Q2 25 | 8.6% | 10.7% | ||
| Q1 25 | 7.6% | 7.6% | ||
| Q4 24 | 9.4% | 8.6% | ||
| Q3 24 | 8.2% | 9.7% | ||
| Q2 24 | 8.7% | 9.2% | ||
| Q1 24 | 9.5% | 10.2% |
净利率HRLOSK
| Q4 25 | -1.8% | 5.0% | ||
| Q3 25 | 6.1% | 7.3% | ||
| Q2 25 | 6.2% | 7.5% | ||
| Q1 25 | 5.7% | 4.9% | ||
| Q4 24 | 7.0% | 5.9% | ||
| Q3 24 | 6.1% | 6.6% | ||
| Q2 24 | 6.6% | 5.9% | ||
| Q1 24 | 7.3% | 7.1% |
每股收益（稀释后）HRLOSK
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $0.33 | — | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $0.31 | — | ||
| Q4 24 | $0.41 | — | ||
| Q3 24 | $0.32 | — | ||
| Q2 24 | $0.34 | — | ||
| Q1 24 | $0.40 | — |
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 | $703.6M | $479.8M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $7.9B | $4.5B |
| 总资产 | $13.4B | $10.1B |
| 负债/权益比越低杠杆越低 | 0.36× | — |
8季度趋势，按日历期对齐
现金及短期投资HRLOSK
| Q4 25 | $703.6M | $479.8M | ||
| Q3 25 | $630.7M | $211.8M | ||
| Q2 25 | $699.0M | $191.7M | ||
| Q1 25 | $866.4M | $210.3M | ||
| Q4 24 | $766.6M | $204.9M | ||
| Q3 24 | $561.9M | $160.9M | ||
| Q2 24 | $1.5B | $141.4M | ||
| Q1 24 | $981.9M | $69.9M |
总债务HRLOSK
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | $602.3M | ||
| Q2 24 | $2.9B | $599.1M | ||
| Q1 24 | $2.4B | $598.9M |
股东权益HRLOSK
| Q4 25 | $7.9B | $4.5B | ||
| Q3 25 | $8.1B | $4.5B | ||
| Q2 25 | $8.0B | $4.5B | ||
| Q1 25 | $8.0B | $4.2B | ||
| Q4 24 | $8.0B | $4.2B | ||
| Q3 24 | $7.9B | $4.1B | ||
| Q2 24 | $7.9B | $3.9B | ||
| Q1 24 | $7.8B | $3.8B |
总资产HRLOSK
| Q4 25 | $13.4B | $10.1B | ||
| Q3 25 | $13.5B | $9.8B | ||
| Q2 25 | $13.4B | $10.0B | ||
| Q1 25 | $13.4B | $9.8B | ||
| Q4 24 | $13.4B | $9.4B | ||
| Q3 24 | $13.1B | $9.9B | ||
| Q2 24 | $14.1B | $9.7B | ||
| Q1 24 | $13.5B | $9.5B |
负债/权益比HRLOSK
| Q4 25 | 0.36× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.36× | 0.15× | ||
| Q2 24 | 0.36× | 0.15× | ||
| Q1 24 | 0.30× | 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 | $322.9M | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $231.4M | $540.3M |
| 自由现金流率自由现金流/营收 | 7.3% | 20.1% |
| 资本支出强度资本支出/营收 | 2.9% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 4.49× |
| 过去12个月自由现金流最近4个季度 | $534.3M | $618.0M |
8季度趋势，按日历期对齐
经营现金流HRLOSK
| Q4 25 | $322.9M | $600.1M | ||
| Q3 25 | $156.7M | $489.0M | ||
| Q2 25 | $56.4M | $89.2M | ||
| Q1 25 | $309.2M | $-394.9M | ||
| Q4 24 | $408.6M | $790.8M | ||
| Q3 24 | $218.0M | $326.1M | ||
| Q2 24 | $236.1M | $-211.0M | ||
| Q1 24 | $404.0M | $-355.8M |
自由现金流HRLOSK
| Q4 25 | $231.4M | $540.3M | ||
| Q3 25 | $84.5M | $464.3M | ||
| Q2 25 | $-18.6M | $48.6M | ||
| Q1 25 | $237.0M | $-435.2M | ||
| Q4 24 | $324.8M | $703.3M | ||
| Q3 24 | $152.5M | $272.2M | ||
| Q2 24 | $176.2M | $-250.5M | ||
| Q1 24 | $356.8M | $-455.9M |
自由现金流率HRLOSK
| Q4 25 | 7.3% | 20.1% | ||
| Q3 25 | 2.8% | 17.3% | ||
| Q2 25 | -0.6% | 1.8% | ||
| Q1 25 | 7.9% | -18.8% | ||
| Q4 24 | 10.4% | 27.1% | ||
| Q3 24 | 5.3% | 9.9% | ||
| Q2 24 | 6.1% | -8.8% | ||
| Q1 24 | 11.9% | -17.9% |
资本支出强度HRLOSK
| Q4 25 | 2.9% | 2.2% | ||
| Q3 25 | 2.4% | 0.9% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 2.4% | 1.7% | ||
| Q4 24 | 2.7% | 3.4% | ||
| Q3 24 | 2.3% | 2.0% | ||
| Q2 24 | 2.1% | 1.4% | ||
| Q1 24 | 1.6% | 3.9% |
现金转化率HRLOSK
| Q4 25 | — | 4.49× | ||
| Q3 25 | 0.85× | 2.49× | ||
| Q2 25 | 0.31× | 0.44× | ||
| Q1 25 | 1.81× | -3.52× | ||
| Q4 24 | 1.86× | 5.17× | ||
| Q3 24 | 1.23× | 1.81× | ||
| Q2 24 | 1.25× | -1.25× | ||
| Q1 24 | 1.85× | -1.98× |
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
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
