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汇丰控股有限公司（HSBC）与TD SYNNEX CORP（SNX）财务数据对比。点击上方公司名可切换其他公司
汇丰控股有限公司的季度营收约是TD SYNNEX CORP的1.6倍（$28.6B vs $17.4B），汇丰控股有限公司净利率更高（25.7% vs 1.4%，领先24.2%），汇丰控股有限公司自由现金流更多（$64.0B vs $1.4B）
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。
TD SYNNEX是美国领先的IT分销企业，2021年由Synnex与Tech Data合并成立，业务覆盖全球100多个国家和地区，员工规模达2.2万人，由帕特里克·扎米特担任首席执行官，为上下游科技企业提供完善的分销及供应链解决方案。
HSBC vs SNX — 直观对比
营收规模更大
HSBC
是对方的1.6倍
$17.4B
净利率更高
HSBC
高出24.2%
1.4%
自由现金流更多
HSBC
多$62.5B
$1.4B
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $28.6B | $17.4B |
| 净利润 | $7.3B | $248.4M |
| 毛利率 | — | 6.9% |
| 营业利润率 | 33.1% | 2.3% |
| 净利率 | 25.7% | 1.4% |
| 营收同比 | — | 9.7% |
| 净利润同比 | — | 27.5% |
| 每股收益（稀释后） | $0.36 | $3.02 |
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HSBCSNX
| Q4 25 | — | $17.4B | ||
| Q3 25 | — | $15.7B | ||
| Q2 25 | — | $14.9B | ||
| Q1 25 | $28.6B | $14.5B | ||
| Q4 24 | — | $15.8B | ||
| Q3 24 | — | $14.7B | ||
| Q2 24 | — | $13.9B | ||
| Q1 24 | — | $14.0B |
净利润HSBCSNX
| Q4 25 | — | $248.4M | ||
| Q3 25 | — | $226.8M | ||
| Q2 25 | — | $184.9M | ||
| Q1 25 | $7.3B | $167.5M | ||
| Q4 24 | — | $194.8M | ||
| Q3 24 | — | $178.6M | ||
| Q2 24 | — | $143.6M | ||
| Q1 24 | — | $172.1M |
毛利率HSBCSNX
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 6.9% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 7.2% |
营业利润率HSBCSNX
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | 33.1% | 2.1% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 2.2% |
净利率HSBCSNX
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | 25.7% | 1.2% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.2% |
每股收益（稀释后）HSBCSNX
| Q4 25 | — | $3.02 | ||
| Q3 25 | — | $2.74 | ||
| Q2 25 | — | $2.21 | ||
| Q1 25 | $0.36 | $1.98 | ||
| Q4 24 | — | $2.28 | ||
| Q3 24 | — | $2.08 | ||
| Q2 24 | — | $1.66 | ||
| Q1 24 | — | $1.93 |
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 | $2.4B |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $192.3B | $8.5B |
| 总资产 | $3017.0B | $34.3B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资HSBCSNX
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $874.4M | ||
| Q2 25 | — | $767.1M | ||
| Q1 25 | $434.9B | $541.9M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $853.9M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.0B |
总债务HSBCSNX
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.1B |
股东权益HSBCSNX
| Q4 25 | — | $8.5B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | — | $8.3B | ||
| Q1 25 | $192.3B | $8.1B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.2B | ||
| Q2 24 | — | $8.0B | ||
| Q1 24 | — | $8.1B |
总资产HSBCSNX
| Q4 25 | — | $34.3B | ||
| Q3 25 | — | $31.7B | ||
| Q2 25 | — | $30.5B | ||
| Q1 25 | $3017.0B | $28.8B | ||
| Q4 24 | — | $30.3B | ||
| Q3 24 | — | $29.2B | ||
| Q2 24 | — | $27.7B | ||
| Q1 24 | — | $27.8B |
负债/权益比HSBCSNX
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.36× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.38× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $64.0B | $1.4B |
| 自由现金流率自由现金流/营收 | 223.9% | 8.2% |
| 资本支出强度资本支出/营收 | 4.7% | 0.2% |
| 现金转化率经营现金流/净利润 | 8.90× | 5.88× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流HSBCSNX
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $246.1M | ||
| Q2 25 | — | $573.2M | ||
| Q1 25 | $65.3B | $-748.0M | ||
| Q4 24 | — | $561.9M | ||
| Q3 24 | — | $385.8M | ||
| Q2 24 | — | $-114.7M | ||
| Q1 24 | — | $384.7M |
自由现金流HSBCSNX
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $213.9M | ||
| Q2 25 | — | $542.9M | ||
| Q1 25 | $64.0B | $-789.5M | ||
| Q4 24 | — | $512.9M | ||
| Q3 24 | — | $338.6M | ||
| Q2 24 | — | $-152.5M | ||
| Q1 24 | — | $343.6M |
自由现金流率HSBCSNX
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | 223.9% | -5.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | 2.5% |
资本支出强度HSBCSNX
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 4.7% | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率HSBCSNX
| Q4 25 | — | 5.88× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 3.10× | ||
| Q1 25 | 8.90× | -4.46× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | — | -0.80× | ||
| Q1 24 | — | 2.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
