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哈贝尔（HUBB）与WHITE MOUNTAINS INSURANCE GROUP LTD（WTM）财务数据对比。点击上方公司名可切换其他公司
WHITE MOUNTAINS INSURANCE GROUP LTD的季度营收约是哈贝尔的1.1倍（$1.6B vs $1.5B），WHITE MOUNTAINS INSURANCE GROUP LTD净利率更高（52.1% vs 14.6%，领先37.5%），WHITE MOUNTAINS INSURANCE GROUP LTD同比增速更快（348.0% vs 11.9%），过去两年WHITE MOUNTAINS INSURANCE GROUP LTD的营收复合增速更高（57.4% vs 3.3%）
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
怀特山保险集团是一家多元化保险及相关金融服务控股企业，总部位于百慕大汉密尔顿，1999年10月25日从美国特拉华州迁册至当前注册地，大部分业务通过旗下保险子公司及其他关联机构开展，覆盖多个保险及金融服务细分赛道。
HUBB vs WTM — 直观对比
营收规模更大
WTM
是对方的1.1倍
$1.5B
营收增速更快
WTM
高出336.1%
11.9%
净利率更高
WTM
高出37.5%
14.6%
两年增速更快
WTM
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.6B |
| 净利润 | $217.7M | $835.8M |
| 毛利率 | 34.6% | 97.1% |
| 营业利润率 | 20.3% | 56.2% |
| 净利率 | 14.6% | 52.1% |
| 营收同比 | 11.9% | 348.0% |
| 净利润同比 | 10.5% | 741.0% |
| 每股收益（稀释后） | $4.06 | $325.02 |
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HUBBWTM
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.5B | $864.2M | ||
| Q2 25 | $1.5B | $689.2M | ||
| Q1 25 | $1.4B | $577.8M | ||
| Q4 24 | $1.3B | $358.0M | ||
| Q3 24 | $1.4B | $839.1M | ||
| Q2 24 | $1.5B | $395.4M | ||
| Q1 24 | $1.4B | $647.3M |
净利润HUBBWTM
| Q4 25 | $217.7M | $835.8M | ||
| Q3 25 | $255.5M | $113.8M | ||
| Q2 25 | $244.2M | $122.9M | ||
| Q1 25 | $169.7M | $33.9M | ||
| Q4 24 | $197.0M | $-130.4M | ||
| Q3 24 | $219.4M | $179.0M | ||
| Q2 24 | $213.6M | $-54.6M | ||
| Q1 24 | $147.8M | $236.4M |
毛利率HUBBWTM
| Q4 25 | 34.6% | 97.1% | ||
| Q3 25 | 36.2% | 93.6% | ||
| Q2 25 | 37.2% | 93.8% | ||
| Q1 25 | 33.1% | 98.7% | ||
| Q4 24 | 33.8% | 97.9% | ||
| Q3 24 | 34.5% | 99.1% | ||
| Q2 24 | 35.0% | 98.2% | ||
| Q1 24 | 32.0% | 98.8% |
营业利润率HUBBWTM
| Q4 25 | 20.3% | 56.2% | ||
| Q3 25 | 22.0% | 20.7% | ||
| Q2 25 | 22.7% | 25.6% | ||
| Q1 25 | 17.5% | 12.5% | ||
| Q4 24 | 19.3% | -33.7% | ||
| Q3 24 | 21.1% | 28.5% | ||
| Q2 24 | 20.7% | -8.8% | ||
| Q1 24 | 16.3% | 35.9% |
净利率HUBBWTM
| Q4 25 | 14.6% | 52.1% | ||
| Q3 25 | 17.0% | 13.2% | ||
| Q2 25 | 16.5% | 17.8% | ||
| Q1 25 | 12.4% | 5.9% | ||
| Q4 24 | 14.8% | -36.4% | ||
| Q3 24 | 15.2% | 21.3% | ||
| Q2 24 | 14.7% | -13.8% | ||
| Q1 24 | 10.6% | 36.5% |
每股收益（稀释后）HUBBWTM
| Q4 25 | $4.06 | $325.02 | ||
| Q3 25 | $4.77 | $44.18 | ||
| Q2 25 | $4.56 | $47.75 | ||
| Q1 25 | $3.15 | $13.19 | ||
| Q4 24 | $3.65 | $-50.98 | ||
| Q3 24 | $4.05 | $69.68 | ||
| Q2 24 | $3.94 | $-21.24 | ||
| Q1 24 | $2.73 | $92.33 |
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 | $497.9M | — |
| 总债务越低越好 | — | $837.0M |
| 股东权益账面价值 | $3.8B | $5.4B |
| 总资产 | $8.2B | $12.3B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资HUBBWTM
| Q4 25 | $497.9M | — | ||
| Q3 25 | $680.9M | — | ||
| Q2 25 | $399.6M | — | ||
| Q1 25 | $360.3M | — | ||
| Q4 24 | $345.0M | — | ||
| Q3 24 | $445.6M | — | ||
| Q2 24 | $406.5M | — | ||
| Q1 24 | $400.3M | — |
总债务HUBBWTM
| Q4 25 | — | $837.0M | ||
| Q3 25 | $1.4B | $870.4M | ||
| Q2 25 | $1.4B | $694.6M | ||
| Q1 25 | $1.4B | $676.1M | ||
| Q4 24 | $1.4B | $562.5M | ||
| Q3 24 | $1.7B | $544.9M | ||
| Q2 24 | $1.9B | $530.2M | ||
| Q1 24 | $1.9B | $532.1M |
股东权益HUBBWTM
| Q4 25 | $3.8B | $5.4B | ||
| Q3 25 | $3.7B | $4.8B | ||
| Q2 25 | $3.5B | $4.6B | ||
| Q1 25 | $3.3B | $4.5B | ||
| Q4 24 | $3.3B | $4.5B | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.1B | $4.4B | ||
| Q1 24 | $2.9B | $4.5B |
总资产HUBBWTM
| Q4 25 | $8.2B | $12.3B | ||
| Q3 25 | $7.5B | $12.3B | ||
| Q2 25 | $7.1B | $11.8B | ||
| Q1 25 | $6.9B | $11.0B | ||
| Q4 24 | $6.7B | $9.9B | ||
| Q3 24 | $6.9B | $10.3B | ||
| Q2 24 | $6.9B | $10.2B | ||
| Q1 24 | $6.9B | $9.6B |
负债/权益比HUBBWTM
| Q4 25 | — | 0.15× | ||
| Q3 25 | 0.39× | 0.18× | ||
| Q2 25 | 0.41× | 0.15× | ||
| Q1 25 | 0.44× | 0.15× | ||
| Q4 24 | 0.44× | 0.13× | ||
| Q3 24 | 0.51× | 0.12× | ||
| Q2 24 | 0.63× | 0.12× | ||
| Q1 24 | 0.65× | 0.12× |
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 | $447.5M | $53.9M |
| 自由现金流经营现金流 - 资本支出 | $388.8M | — |
| 自由现金流率自由现金流/营收 | 26.0% | — |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 2.06× | 0.06× |
| 过去12个月自由现金流最近4个季度 | $874.7M | — |
8季度趋势，按日历期对齐
经营现金流HUBBWTM
| Q4 25 | $447.5M | $53.9M | ||
| Q3 25 | $284.3M | $359.3M | ||
| Q2 25 | $260.6M | $177.5M | ||
| Q1 25 | $37.4M | $-40.2M | ||
| Q4 24 | $432.4M | $64.1M | ||
| Q3 24 | $227.0M | $269.4M | ||
| Q2 24 | $239.6M | $216.8M | ||
| Q1 24 | $92.2M | $36.5M |
自由现金流HUBBWTM
| Q4 25 | $388.8M | — | ||
| Q3 25 | $253.8M | — | ||
| Q2 25 | $220.7M | — | ||
| Q1 25 | $11.4M | — | ||
| Q4 24 | $364.4M | — | ||
| Q3 24 | $188.8M | — | ||
| Q2 24 | $205.7M | — | ||
| Q1 24 | $51.9M | — |
自由现金流率HUBBWTM
| Q4 25 | 26.0% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 14.9% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 27.3% | — | ||
| Q3 24 | 13.1% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 3.7% | — |
资本支出强度HUBBWTM
| Q4 25 | 3.9% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 2.9% | — |
现金转化率HUBBWTM
| Q4 25 | 2.06× | 0.06× | ||
| Q3 25 | 1.11× | 3.16× | ||
| Q2 25 | 1.07× | 1.44× | ||
| Q1 25 | 0.22× | -1.19× | ||
| Q4 24 | 2.19× | — | ||
| Q3 24 | 1.03× | 1.51× | ||
| Q2 24 | 1.12× | — | ||
| Q1 24 | 0.62× | 0.15× |
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
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
WTM
暂无分部数据
