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赫兹（HTZ）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是赫兹的1.9倍（$3.8B vs $2.0B），赫兹净利率更高（-9.6% vs -31.8%，领先22.2%），赫兹同比增速更快（-0.6% vs -4.3%），过去两年赫兹的营收复合增速更高（-1.3% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
HTZ vs SATS — 直观对比
营收规模更大
SATS
是对方的1.9倍
$2.0B
营收增速更快
HTZ
高出3.7%
-4.3%
净利率更高
HTZ
高出22.2%
-31.8%
两年增速更快
HTZ
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.8B |
| 净利润 | $-194.0M | $-1.2B |
| 毛利率 | — | — |
| 营业利润率 | -11.0% | -20.5% |
| 净利率 | -9.6% | -31.8% |
| 营收同比 | -0.6% | -4.3% |
| 净利润同比 | 59.5% | -460.1% |
| 每股收益（稀释后） | $-0.46 | $-4.27 |
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HTZSATS
| Q4 25 | $2.0B | $3.8B | ||
| Q3 25 | $2.5B | $3.6B | ||
| Q2 25 | $2.2B | $3.7B | ||
| Q1 25 | $1.8B | $3.9B | ||
| Q4 24 | $2.0B | $4.0B | ||
| Q3 24 | $2.6B | $3.9B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.1B | $4.0B |
净利润HTZSATS
| Q4 25 | $-194.0M | $-1.2B | ||
| Q3 25 | $184.0M | $-12.8B | ||
| Q2 25 | $-294.0M | $-306.1M | ||
| Q1 25 | $-443.0M | $-202.7M | ||
| Q4 24 | $-479.0M | $335.2M | ||
| Q3 24 | $-1.3B | $-141.8M | ||
| Q2 24 | $-865.0M | $-205.6M | ||
| Q1 24 | $-186.0M | $-107.4M |
营业利润率HTZSATS
| Q4 25 | -11.0% | -20.5% | ||
| Q3 25 | 9.4% | -460.5% | ||
| Q2 25 | -14.5% | -5.7% | ||
| Q1 25 | -29.0% | -2.3% | ||
| Q4 24 | -27.6% | -1.6% | ||
| Q3 24 | -62.9% | -4.1% | ||
| Q2 24 | -20.1% | -1.7% | ||
| Q1 24 | -27.9% | -0.4% |
净利率HTZSATS
| Q4 25 | -9.6% | -31.8% | ||
| Q3 25 | 7.4% | -353.6% | ||
| Q2 25 | -13.5% | -8.2% | ||
| Q1 25 | -24.4% | -5.2% | ||
| Q4 24 | -23.5% | 8.5% | ||
| Q3 24 | -51.7% | -3.6% | ||
| Q2 24 | -36.8% | -5.2% | ||
| Q1 24 | -8.9% | -2.7% |
每股收益（稀释后）HTZSATS
| Q4 25 | $-0.46 | $-4.27 | ||
| Q3 25 | $0.42 | $-44.37 | ||
| Q2 25 | $-0.95 | $-1.06 | ||
| Q1 25 | $-1.44 | $-0.71 | ||
| Q4 24 | $-1.57 | $1.24 | ||
| Q3 24 | $-4.34 | $-0.52 | ||
| Q2 24 | $-2.82 | $-0.76 | ||
| Q1 24 | $-0.61 | $-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 | $565.0M | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $-459.0M | $5.8B |
| 总资产 | $22.3B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资HTZSATS
| Q4 25 | $565.0M | $3.0B | ||
| Q3 25 | $1.1B | $3.9B | ||
| Q2 25 | $503.0M | $4.3B | ||
| Q1 25 | $626.0M | $5.1B | ||
| Q4 24 | $592.0M | $5.5B | ||
| Q3 24 | $501.0M | $674.4M | ||
| Q2 24 | $568.0M | $520.6M | ||
| Q1 24 | $465.0M | $766.4M |
总债务HTZSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $951.0M |
股东权益HTZSATS
| Q4 25 | $-459.0M | $5.8B | ||
| Q3 25 | $-317.0M | $7.0B | ||
| Q2 25 | $-504.0M | $19.7B | ||
| Q1 25 | $-262.0M | $20.0B | ||
| Q4 24 | $153.0M | $20.2B | ||
| Q3 24 | $681.0M | $19.4B | ||
| Q2 24 | $2.0B | $19.6B | ||
| Q1 24 | $2.8B | $19.8B |
总资产HTZSATS
| Q4 25 | $22.3B | $43.0B | ||
| Q3 25 | $23.0B | $45.3B | ||
| Q2 25 | $23.1B | $59.9B | ||
| Q1 25 | $22.0B | $60.6B | ||
| Q4 24 | $21.8B | $60.9B | ||
| Q3 24 | $23.0B | $57.5B | ||
| Q2 24 | $25.2B | $55.3B | ||
| Q1 24 | $24.3B | $55.6B |
负债/权益比HTZSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-583.4M |
| 自由现金流率自由现金流/营收 | — | -15.4% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 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 | — | $-1.1B |
8季度趋势，按日历期对齐
经营现金流HTZSATS
| Q4 25 | $193.0M | $-425.3M | ||
| Q3 25 | $835.0M | $111.7M | ||
| Q2 25 | $346.0M | $7.5M | ||
| Q1 25 | $251.0M | $206.8M | ||
| Q4 24 | $414.0M | $45.6M | ||
| Q3 24 | $894.0M | $276.2M | ||
| Q2 24 | $546.0M | $479.7M | ||
| Q1 24 | $370.0M | $451.3M |
自由现金流HTZSATS
| Q4 25 | — | $-583.4M | ||
| Q3 25 | — | $-144.4M | ||
| Q2 25 | — | $-285.7M | ||
| Q1 25 | — | $-51.7M | ||
| Q4 24 | — | $-298.7M | ||
| Q3 24 | — | $-57.5M | ||
| Q2 24 | — | $132.4M | ||
| Q1 24 | — | $-68.4M |
自由现金流率HTZSATS
| Q4 25 | — | -15.4% | ||
| Q3 25 | — | -4.0% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | -1.3% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | -1.5% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | -1.7% |
资本支出强度HTZSATS
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 7.1% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 12.9% |
现金转化率HTZSATS
| Q4 25 | — | — | ||
| Q3 25 | 4.54× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
HTZ
暂无分部数据
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
