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汇丰控股有限公司（HSBC）与马拉松石油（MPC）财务数据对比。点击上方公司名可切换其他公司
马拉松石油的季度营收约是汇丰控股有限公司的1.1倍（$32.6B vs $28.6B），汇丰控股有限公司净利率更高（25.7% vs 4.7%，领先21.0%），汇丰控股有限公司自由现金流更多（$64.0B vs $1.9B）
汇丰控股有限公司是总部位于英国伦敦的全能银行及金融服务集团，历史与业务均与东亚市场渊源深厚，业务布局覆盖全球。截至2024年9月，集团总资产达3.098万亿美元，为欧洲规模最大的银行，全球总资产排名第7位，同时是全球第三大非国有银行。
马拉松石油是总部位于美国俄亥俄州芬德利的能源企业，核心业务覆盖石油炼制、销售与运输全链条。该公司此前为马拉松石油集团的全资子公司，于2011年完成分拆后独立运营。
HSBC vs MPC — 直观对比
营收规模更大
MPC
是对方的1.1倍
$28.6B
净利率更高
HSBC
高出21.0%
4.7%
自由现金流更多
HSBC
多$62.1B
$1.9B
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $28.6B | $32.6B |
| 净利润 | $7.3B | $1.5B |
| 毛利率 | — | 11.4% |
| 营业利润率 | 33.1% | 8.3% |
| 净利率 | 25.7% | 4.7% |
| 营收同比 | — | -1.7% |
| 净利润同比 | — | 313.7% |
| 每股收益（稀释后） | $0.36 | $4.99 |
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HSBCMPC
| Q4 25 | — | $32.6B | ||
| Q3 25 | — | $34.8B | ||
| Q2 25 | — | $33.8B | ||
| Q1 25 | $28.6B | $31.5B | ||
| Q4 24 | — | $33.1B | ||
| Q3 24 | — | $35.1B | ||
| Q2 24 | — | $37.9B | ||
| Q1 24 | — | $32.7B |
净利润HSBCMPC
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $7.3B | $-74.0M | ||
| Q4 24 | — | $371.0M | ||
| Q3 24 | — | $622.0M | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $937.0M |
毛利率HSBCMPC
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | — | 9.5% |
营业利润率HSBCMPC
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | 33.1% | 2.2% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 5.5% |
净利率HSBCMPC
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | 25.7% | -0.2% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 2.9% |
每股收益（稀释后）HSBCMPC
| Q4 25 | — | $4.99 | ||
| Q3 25 | — | $4.51 | ||
| Q2 25 | — | $3.96 | ||
| Q1 25 | $0.36 | $-0.24 | ||
| Q4 24 | — | $1.30 | ||
| Q3 24 | — | $1.87 | ||
| Q2 24 | — | $4.33 | ||
| Q1 24 | — | $2.58 |
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 | $434.9B | $3.7B |
| 总债务越低越好 | — | $30.5B |
| 股东权益账面价值 | $192.3B | $17.3B |
| 总资产 | $3017.0B | $84.0B |
| 负债/权益比越低杠杆越低 | — | 1.76× |
8季度趋势，按日历期对齐
现金及短期投资HSBCMPC
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | $434.9B | $3.8B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $8.5B | ||
| Q1 24 | — | $7.6B |
总债务HSBCMPC
| Q4 25 | — | $30.5B | ||
| Q3 25 | — | $31.2B | ||
| Q2 25 | — | $26.8B | ||
| Q1 25 | — | $26.8B | ||
| Q4 24 | — | $24.4B | ||
| Q3 24 | — | $24.1B | ||
| Q2 24 | — | $24.0B | ||
| Q1 24 | — | $24.8B |
股东权益HSBCMPC
| Q4 25 | — | $17.3B | ||
| Q3 25 | — | $17.1B | ||
| Q2 25 | — | $16.6B | ||
| Q1 25 | $192.3B | $16.4B | ||
| Q4 24 | — | $17.7B | ||
| Q3 24 | — | $18.9B | ||
| Q2 24 | — | $21.3B | ||
| Q1 24 | — | $22.9B |
总资产HSBCMPC
| Q4 25 | — | $84.0B | ||
| Q3 25 | — | $83.2B | ||
| Q2 25 | — | $78.5B | ||
| Q1 25 | $3017.0B | $81.6B | ||
| Q4 24 | — | $78.9B | ||
| Q3 24 | — | $79.8B | ||
| Q2 24 | — | $85.2B | ||
| Q1 24 | — | $85.5B |
负债/权益比HSBCMPC
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | — | 1.61× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.08× |
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 | $65.3B | $3.1B |
| 自由现金流经营现金流 - 资本支出 | $64.0B | $1.9B |
| 自由现金流率自由现金流/营收 | 223.9% | 5.8% |
| 资本支出强度资本支出/营收 | 4.7% | 3.6% |
| 现金转化率经营现金流/净利润 | 8.90× | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $4.8B |
8季度趋势，按日历期对齐
经营现金流HSBCMPC
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | $65.3B | $-64.0M | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $1.5B |
自由现金流HSBCMPC
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | $64.0B | $-727.0M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $947.0M |
自由现金流率HSBCMPC
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | 223.9% | -2.3% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | 2.9% |
资本支出强度HSBCMPC
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | 4.7% | 2.1% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.8% |
现金转化率HSBCMPC
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 2.17× | ||
| Q1 25 | 8.90× | — | ||
| Q4 24 | — | 5.95× | ||
| Q3 24 | — | 2.71× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.64× |
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
HSBC
暂无分部数据
MPC
| Refined Products | $28.6B | 88% |
| Midstream | $1.4B | 4% |
| Crude Oil | $1.2B | 4% |
| Renewable Diesel | $851.0M | 3% |
| Related Party | $536.0M | 2% |
| Services & Other | $466.0M | 1% |
