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好时（HSY）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是好时的1.3倍（$4.0B vs $3.1B），United Rentals净利率更高（13.3% vs 10.4%，领先3.0%），United Rentals同比增速更快（7.2% vs 7.0%），United Rentals自由现金流更多（$1.1B vs $788.5M），过去两年United Rentals的营收复合增速更高（114.0% vs -2.5%）
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
HSY vs URI — 直观对比
营收规模更大
URI
是对方的1.3倍
$3.1B
营收增速更快
URI
高出0.1%
7.0%
净利率更高
URI
高出3.0%
10.4%
自由现金流更多
URI
多$265.5M
$788.5M
两年增速更快
URI
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.0B |
| 净利润 | $320.0M | $531.0M |
| 毛利率 | 37.0% | 36.9% |
| 营业利润率 | 14.4% | 21.8% |
| 净利率 | 10.4% | 13.3% |
| 营收同比 | 7.0% | 7.2% |
| 净利润同比 | -59.8% | 2.5% |
| 每股收益（稀释后） | — | $8.43 |
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HSYURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.1B | $992.0M | ||
| Q3 25 | $3.2B | $938.0M | ||
| Q2 25 | $2.6B | $872.0M | ||
| Q1 25 | $2.8B | $893.0M | ||
| Q4 24 | $2.9B | $1.0B | ||
| Q3 24 | $3.0B | $874.0M | ||
| Q2 24 | $2.1B | $870.0M |
净利润HSYURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $320.0M | $653.0M | ||
| Q3 25 | $276.3M | $701.0M | ||
| Q2 25 | $62.7M | $622.0M | ||
| Q1 25 | $224.2M | $518.0M | ||
| Q4 24 | $796.6M | $689.0M | ||
| Q3 24 | $446.3M | $708.0M | ||
| Q2 24 | $180.9M | $636.0M |
毛利率HSYURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | 37.0% | — | ||
| Q3 25 | 32.6% | — | ||
| Q2 25 | 30.5% | — | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | 54.0% | — | ||
| Q3 24 | 41.3% | — | ||
| Q2 24 | 40.2% | — |
营业利润率HSYURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | 14.4% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 13.2% | 90.0% | ||
| Q4 24 | 32.5% | — | ||
| Q3 24 | 20.5% | — | ||
| Q2 24 | 13.9% | — |
净利率HSYURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 10.4% | 65.8% | ||
| Q3 25 | 8.7% | 74.7% | ||
| Q2 25 | 2.4% | 71.3% | ||
| Q1 25 | 8.0% | 58.0% | ||
| Q4 24 | 27.6% | 67.6% | ||
| Q3 24 | 14.9% | 81.0% | ||
| Q2 24 | 8.7% | 73.1% |
每股收益（稀释后）HSYURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | — | $10.20 | ||
| Q3 25 | — | $10.91 | ||
| Q2 25 | — | $9.59 | ||
| Q1 25 | — | $7.91 | ||
| Q4 24 | — | $10.41 | ||
| Q3 24 | — | $10.70 | ||
| Q2 24 | — | $9.54 |
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 | — | $156.0M |
| 总债务越低越好 | $4.7B | $13.9B |
| 股东权益账面价值 | $4.6B | $9.0B |
| 总资产 | $13.7B | $29.9B |
| 负债/权益比越低杠杆越低 | 1.01× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资HSYURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | — | $459.0M | ||
| Q3 25 | — | $512.0M | ||
| Q2 25 | — | $548.0M | ||
| Q1 25 | — | $542.0M | ||
| Q4 24 | — | $457.0M | ||
| Q3 24 | — | $479.0M | ||
| Q2 24 | — | $467.0M |
总债务HSYURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $4.7B | $12.7B | ||
| Q3 25 | $4.7B | $12.6B | ||
| Q2 25 | $5.2B | $12.1B | ||
| Q1 25 | $5.2B | $11.5B | ||
| Q4 24 | $3.2B | $12.2B | ||
| Q3 24 | $3.2B | $11.9B | ||
| Q2 24 | $3.5B | $11.5B |
股东权益HSYURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $4.6B | $9.0B | ||
| Q3 25 | $4.6B | $9.0B | ||
| Q2 25 | $4.5B | $9.0B | ||
| Q1 25 | $4.7B | $8.8B | ||
| Q4 24 | $4.7B | $8.6B | ||
| Q3 24 | $4.2B | $8.6B | ||
| Q2 24 | $4.0B | $8.3B |
总资产HSYURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $13.7B | $29.9B | ||
| Q3 25 | $13.6B | $30.1B | ||
| Q2 25 | $13.6B | $29.2B | ||
| Q1 25 | $14.0B | $28.1B | ||
| Q4 24 | $12.9B | $28.2B | ||
| Q3 24 | $12.6B | $28.4B | ||
| Q2 24 | $12.4B | $27.6B |
负债/权益比HSYURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 1.01× | 1.41× | ||
| Q3 25 | 1.02× | 1.40× | ||
| Q2 25 | 1.15× | 1.34× | ||
| Q1 25 | 1.11× | 1.31× | ||
| Q4 24 | 0.68× | 1.42× | ||
| Q3 24 | 0.76× | 1.38× | ||
| Q2 24 | 0.87× | 1.39× |
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 | $926.6M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $788.5M | $1.1B |
| 自由现金流率自由现金流/营收 | 25.5% | 26.4% |
| 资本支出强度资本支出/营收 | 4.5% | — |
| 现金转化率经营现金流/净利润 | 2.90× | 2.85× |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流HSYURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $926.6M | $1.3B | ||
| Q3 25 | $841.9M | $1.2B | ||
| Q2 25 | $112.2M | $1.3B | ||
| Q1 25 | $396.7M | $1.4B | ||
| Q4 24 | $941.6M | $1.0B | ||
| Q3 24 | $695.3M | $1.2B | ||
| Q2 24 | $325.6M | $1.3B |
自由现金流HSYURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $788.5M | — | ||
| Q3 25 | $756.0M | — | ||
| Q2 25 | $27.1M | — | ||
| Q1 25 | $251.2M | — | ||
| Q4 24 | $807.1M | $471.0M | ||
| Q3 24 | $567.3M | $-168.0M | ||
| Q2 24 | $195.5M | $-263.0M |
自由现金流率HSYURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 25.5% | — | ||
| Q3 25 | 23.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 28.0% | 46.2% | ||
| Q3 24 | 19.0% | -19.2% | ||
| Q2 24 | 9.4% | -30.2% |
资本支出强度HSYURI
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 4.7% | 56.6% | ||
| Q3 24 | 4.3% | 157.0% | ||
| Q2 24 | 6.3% | 175.6% |
现金转化率HSYURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 2.90× | 1.92× | ||
| Q3 25 | 3.05× | 1.68× | ||
| Q2 25 | 1.79× | 2.14× | ||
| Q1 25 | 1.77× | 2.75× | ||
| Q4 24 | 1.18× | 1.52× | ||
| Q3 24 | 1.56× | 1.70× | ||
| Q2 24 | 1.80× | 1.99× |
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
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
