vs
哈贝尔（HUBB）与永利度假村（WYNN）财务数据对比。点击上方公司名可切换其他公司
永利度假村的季度营收约是哈贝尔的1.3倍（$1.9B vs $1.5B），哈贝尔净利率更高（14.6% vs 5.4%，领先9.2%），哈贝尔同比增速更快（11.9% vs 1.5%），哈贝尔自由现金流更多（$388.8M vs $306.8M），过去两年哈贝尔的营收复合增速更高（3.3% vs 0.1%）
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。
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
HUBB vs WYNN — 直观对比
营收规模更大
WYNN
是对方的1.3倍
$1.5B
营收增速更快
HUBB
高出10.4%
1.5%
净利率更高
HUBB
高出9.2%
5.4%
自由现金流更多
HUBB
多$82.0M
$306.8M
两年增速更快
HUBB
近两年复合增速
0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $217.7M | $100.0M |
| 毛利率 | 34.6% | — |
| 营业利润率 | 20.3% | 14.7% |
| 净利率 | 14.6% | 5.4% |
| 营收同比 | 11.9% | 1.5% |
| 净利润同比 | 10.5% | -63.9% |
| 每股收益（稀释后） | $4.06 | $0.96 |
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HUBBWYNN
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.5B | $1.7B | ||
| Q1 24 | $1.4B | $1.9B |
净利润HUBBWYNN
| Q4 25 | $217.7M | $100.0M | ||
| Q3 25 | $255.5M | $88.3M | ||
| Q2 25 | $244.2M | $66.2M | ||
| Q1 25 | $169.7M | $72.7M | ||
| Q4 24 | $197.0M | $277.0M | ||
| Q3 24 | $219.4M | $-32.1M | ||
| Q2 24 | $213.6M | $111.9M | ||
| Q1 24 | $147.8M | $144.2M |
毛利率HUBBWYNN
| Q4 25 | 34.6% | — | ||
| Q3 25 | 36.2% | — | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 33.1% | — | ||
| Q4 24 | 33.8% | — | ||
| Q3 24 | 34.5% | — | ||
| Q2 24 | 35.0% | — | ||
| Q1 24 | 32.0% | — |
营业利润率HUBBWYNN
| Q4 25 | 20.3% | 14.7% | ||
| Q3 25 | 22.0% | 16.9% | ||
| Q2 25 | 22.7% | 15.2% | ||
| Q1 25 | 17.5% | 15.8% | ||
| Q4 24 | 19.3% | 20.0% | ||
| Q3 24 | 21.1% | 7.9% | ||
| Q2 24 | 20.7% | 15.6% | ||
| Q1 24 | 16.3% | 19.5% |
净利率HUBBWYNN
| Q4 25 | 14.6% | 5.4% | ||
| Q3 25 | 17.0% | 4.8% | ||
| Q2 25 | 16.5% | 3.8% | ||
| Q1 25 | 12.4% | 4.3% | ||
| Q4 24 | 14.8% | 15.1% | ||
| Q3 24 | 15.2% | -1.9% | ||
| Q2 24 | 14.7% | 6.5% | ||
| Q1 24 | 10.6% | 7.7% |
每股收益（稀释后）HUBBWYNN
| Q4 25 | $4.06 | $0.96 | ||
| Q3 25 | $4.77 | $0.85 | ||
| Q2 25 | $4.56 | $0.64 | ||
| Q1 25 | $3.15 | $0.69 | ||
| Q4 24 | $3.65 | $2.43 | ||
| Q3 24 | $4.05 | $-0.29 | ||
| Q2 24 | $3.94 | $0.91 | ||
| Q1 24 | $2.73 | $1.30 |
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 | $1.5B |
| 总债务越低越好 | — | $10.5B |
| 股东权益账面价值 | $3.8B | $-275.5M |
| 总资产 | $8.2B | $13.1B |
| 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HUBBWYNN
| Q4 25 | $497.9M | $1.5B | ||
| Q3 25 | $680.9M | $1.5B | ||
| Q2 25 | $399.6M | $2.0B | ||
| Q1 25 | $360.3M | $2.1B | ||
| Q4 24 | $345.0M | $2.4B | ||
| Q3 24 | $445.6M | $2.4B | ||
| Q2 24 | $406.5M | $2.4B | ||
| Q1 24 | $400.3M | $2.4B |
总债务HUBBWYNN
| Q4 25 | — | $10.5B | ||
| Q3 25 | $1.4B | $10.6B | ||
| Q2 25 | $1.4B | $10.5B | ||
| Q1 25 | $1.4B | $10.6B | ||
| Q4 24 | $1.4B | $10.5B | ||
| Q3 24 | $1.7B | $11.8B | ||
| Q2 24 | $1.9B | $11.0B | ||
| Q1 24 | $1.9B | $11.2B |
股东权益HUBBWYNN
| Q4 25 | $3.8B | $-275.5M | ||
| Q3 25 | $3.7B | $-370.0M | ||
| Q2 25 | $3.5B | $-441.5M | ||
| Q1 25 | $3.3B | $-360.7M | ||
| Q4 24 | $3.3B | $-224.2M | ||
| Q3 24 | $3.2B | $-281.4M | ||
| Q2 24 | $3.1B | $-109.8M | ||
| Q1 24 | $2.9B | $-137.0M |
总资产HUBBWYNN
| Q4 25 | $8.2B | $13.1B | ||
| Q3 25 | $7.5B | $12.8B | ||
| Q2 25 | $7.1B | $12.7B | ||
| Q1 25 | $6.9B | $12.7B | ||
| Q4 24 | $6.7B | $13.0B | ||
| Q3 24 | $6.9B | $14.1B | ||
| Q2 24 | $6.9B | $13.3B | ||
| Q1 24 | $6.9B | $13.5B |
负债/权益比HUBBWYNN
| Q4 25 | — | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.65× | — |
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 | $478.0M |
| 自由现金流经营现金流 - 资本支出 | $388.8M | $306.8M |
| 自由现金流率自由现金流/营收 | 26.0% | 16.4% |
| 资本支出强度资本支出/营收 | 3.9% | 9.2% |
| 现金转化率经营现金流/净利润 | 2.06× | 4.78× |
| 过去12个月自由现金流最近4个季度 | $874.7M | $692.2M |
8季度趋势，按日历期对齐
经营现金流HUBBWYNN
| Q4 25 | $447.5M | $478.0M | ||
| Q3 25 | $284.3M | $335.8M | ||
| Q2 25 | $260.6M | $405.1M | ||
| Q1 25 | $37.4M | $133.8M | ||
| Q4 24 | $432.4M | $479.0M | ||
| Q3 24 | $227.0M | $279.3M | ||
| Q2 24 | $239.6M | $352.8M | ||
| Q1 24 | $92.2M | $315.1M |
自由现金流HUBBWYNN
| Q4 25 | $388.8M | $306.8M | ||
| Q3 25 | $253.8M | $171.8M | ||
| Q2 25 | $220.7M | $239.8M | ||
| Q1 25 | $11.4M | $-26.2M | ||
| Q4 24 | $364.4M | $351.8M | ||
| Q3 24 | $188.8M | $178.0M | ||
| Q2 24 | $205.7M | $259.1M | ||
| Q1 24 | $51.9M | $217.4M |
自由现金流率HUBBWYNN
| Q4 25 | 26.0% | 16.4% | ||
| Q3 25 | 16.9% | 9.4% | ||
| Q2 25 | 14.9% | 13.8% | ||
| Q1 25 | 0.8% | -1.5% | ||
| Q4 24 | 27.3% | 19.1% | ||
| Q3 24 | 13.1% | 10.5% | ||
| Q2 24 | 14.2% | 15.0% | ||
| Q1 24 | 3.7% | 11.7% |
资本支出强度HUBBWYNN
| Q4 25 | 3.9% | 9.2% | ||
| Q3 25 | 2.0% | 8.9% | ||
| Q2 25 | 2.7% | 9.5% | ||
| Q1 25 | 1.9% | 9.4% | ||
| Q4 24 | 5.1% | 6.9% | ||
| Q3 24 | 2.6% | 6.0% | ||
| Q2 24 | 2.3% | 5.4% | ||
| Q1 24 | 2.9% | 5.2% |
现金转化率HUBBWYNN
| Q4 25 | 2.06× | 4.78× | ||
| Q3 25 | 1.11× | 3.80× | ||
| Q2 25 | 1.07× | 6.12× | ||
| Q1 25 | 0.22× | 1.84× | ||
| Q4 24 | 2.19× | 1.73× | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 1.12× | 3.15× | ||
| Q1 24 | 0.62× | 2.18× |
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% |
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
