vs
赫兹（HTZ）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
赫兹的季度营收约是北极星的1.2倍（$2.0B vs $1.7B），北极星净利率更高（-2.8% vs -9.6%，领先6.7%），北极星同比增速更快（8.0% vs -0.6%），过去两年赫兹的营收复合增速更高（-1.3% vs -8.0%）
赫兹全球控股是美国知名汽车租赁企业，总部位于佛罗里达州埃斯特罗。公司运营赫兹同名核心品牌，同时拥有Dollar、Firefly、Thrifty等多个汽车租赁子品牌，业务覆盖全球广泛市场，为客户提供多元出行租赁解决方案。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
HTZ vs PII — 直观对比
营收规模更大
HTZ
是对方的1.2倍
$1.7B
营收增速更快
PII
高出8.6%
-0.6%
净利率更高
PII
高出6.7%
-9.6%
两年增速更快
HTZ
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.7B |
| 净利润 | $-194.0M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | -11.0% | — |
| 净利率 | -9.6% | -2.8% |
| 营收同比 | -0.6% | 8.0% |
| 净利润同比 | 59.5% | 29.2% |
| 每股收益（稀释后） | $-0.46 | $-0.83 |
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HTZPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.6B | $1.7B | ||
| Q2 24 | $2.4B | $2.0B |
净利润HTZPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $-194.0M | $-303.6M | ||
| Q3 25 | $184.0M | $-15.8M | ||
| Q2 25 | $-294.0M | $-79.3M | ||
| Q1 25 | $-443.0M | $-66.8M | ||
| Q4 24 | $-479.0M | $10.6M | ||
| Q3 24 | $-1.3B | $27.7M | ||
| Q2 24 | $-865.0M | $68.7M |
毛利率HTZPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率HTZPII
| Q1 26 | — | — | ||
| Q4 25 | -11.0% | -16.7% | ||
| Q3 25 | 9.4% | 1.1% | ||
| Q2 25 | -14.5% | -0.7% | ||
| Q1 25 | -29.0% | -2.4% | ||
| Q4 24 | -27.6% | 3.7% | ||
| Q3 24 | -62.9% | 3.8% | ||
| Q2 24 | -20.1% | 6.1% |
净利率HTZPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | -9.6% | -15.8% | ||
| Q3 25 | 7.4% | -0.9% | ||
| Q2 25 | -13.5% | -4.3% | ||
| Q1 25 | -24.4% | -4.3% | ||
| Q4 24 | -23.5% | 0.6% | ||
| Q3 24 | -51.7% | 1.6% | ||
| Q2 24 | -36.8% | 3.5% |
每股收益（稀释后）HTZPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $-0.46 | $-5.34 | ||
| Q3 25 | $0.42 | $-0.28 | ||
| Q2 25 | $-0.95 | $-1.39 | ||
| Q1 25 | $-1.44 | $-1.17 | ||
| Q4 24 | $-1.57 | $0.18 | ||
| Q3 24 | $-4.34 | $0.49 | ||
| Q2 24 | $-2.82 | $1.21 |
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 | $565.0M | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-459.0M | $750.4M |
| 总资产 | $22.3B | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HTZPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | $565.0M | $138.0M | ||
| Q3 25 | $1.1B | $335.5M | ||
| Q2 25 | $503.0M | $324.3M | ||
| Q1 25 | $626.0M | $291.7M | ||
| Q4 24 | $592.0M | $287.8M | ||
| Q3 24 | $501.0M | $291.3M | ||
| Q2 24 | $568.0M | $322.7M |
总债务HTZPII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益HTZPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $-459.0M | $828.4M | ||
| Q3 25 | $-317.0M | $1.1B | ||
| Q2 25 | $-504.0M | $1.2B | ||
| Q1 25 | $-262.0M | $1.2B | ||
| Q4 24 | $153.0M | $1.3B | ||
| Q3 24 | $681.0M | $1.3B | ||
| Q2 24 | $2.0B | $1.3B |
总资产HTZPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $22.3B | $4.9B | ||
| Q3 25 | $23.0B | $5.3B | ||
| Q2 25 | $23.1B | $5.4B | ||
| Q1 25 | $22.0B | $5.5B | ||
| Q4 24 | $21.8B | $5.5B | ||
| Q3 24 | $23.0B | $5.6B | ||
| Q2 24 | $25.2B | $5.7B |
负债/权益比HTZPII
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | $193.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | $-342.5M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流HTZPII
| Q1 26 | — | — | ||
| Q4 25 | $193.0M | $178.7M | ||
| Q3 25 | $835.0M | $158.8M | ||
| Q2 25 | $346.0M | $320.3M | ||
| Q1 25 | $251.0M | $83.2M | ||
| Q4 24 | $414.0M | $206.3M | ||
| Q3 24 | $894.0M | $21.0M | ||
| Q2 24 | $546.0M | $146.3M |
自由现金流HTZPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | — | $114.0M | ||
| Q3 25 | — | $116.7M | ||
| Q2 25 | — | $279.8M | ||
| Q1 25 | — | $47.6M | ||
| Q4 24 | — | $137.3M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $79.1M |
自由现金流率HTZPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | 4.0% |
资本支出强度HTZPII
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 3.4% |
现金转化率HTZPII
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.54× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.46× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 2.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
