vs
亨斯迈（HUN）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是天宝的1.4倍（$1.4B vs $969.8M），天宝净利率更高（16.1% vs -7.1%，领先23.2%），亨斯迈同比增速更快（-6.7% vs -73.7%），天宝自由现金流更多（$360.9M vs $19.0M），过去两年天宝的营收复合增速更高（0.9% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
HUN vs TRMB — 直观对比
营收规模更大
HUN
是对方的1.4倍
$969.8M
营收增速更快
HUN
高出67.0%
-73.7%
净利率更高
TRMB
高出23.2%
-7.1%
自由现金流更多
TRMB
多$341.9M
$19.0M
两年增速更快
TRMB
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $969.8M |
| 净利润 | $-96.0M | $156.6M |
| 毛利率 | 12.1% | 72.0% |
| 营业利润率 | -4.4% | 22.3% |
| 净利率 | -7.1% | 16.1% |
| 营收同比 | -6.7% | -73.7% |
| 净利润同比 | 31.9% | 73.6% |
| 每股收益（稀释后） | $-0.56 | $0.65 |
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HUNTRMB
| Q4 25 | $1.4B | $901.2M | ||
| Q3 25 | $1.5B | $875.7M | ||
| Q2 25 | $1.5B | $840.6M | ||
| Q1 25 | $1.4B | $983.4M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $875.8M | ||
| Q2 24 | $1.6B | $870.8M | ||
| Q1 24 | $1.5B | $953.3M |
净利润HUNTRMB
| Q4 25 | $-96.0M | $111.5M | ||
| Q3 25 | $-25.0M | $89.2M | ||
| Q2 25 | $-158.0M | $66.7M | ||
| Q1 25 | $-5.0M | $90.2M | ||
| Q4 24 | $-141.0M | — | ||
| Q3 24 | $-33.0M | $40.6M | ||
| Q2 24 | $22.0M | $1.3B | ||
| Q1 24 | $-37.0M | $57.2M |
毛利率HUNTRMB
| Q4 25 | 12.1% | 68.9% | ||
| Q3 25 | 14.0% | 68.3% | ||
| Q2 25 | 12.5% | 66.7% | ||
| Q1 25 | 14.3% | 69.3% | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 15.2% | 65.7% | ||
| Q2 24 | 15.4% | 62.7% | ||
| Q1 24 | 13.7% | 62.3% |
营业利润率HUNTRMB
| Q4 25 | -4.4% | 16.7% | ||
| Q3 25 | 0.4% | 14.6% | ||
| Q2 25 | -8.2% | 11.6% | ||
| Q1 25 | 3.0% | 17.6% | ||
| Q4 24 | -4.3% | — | ||
| Q3 24 | 2.7% | 13.3% | ||
| Q2 24 | 2.2% | 7.1% | ||
| Q1 24 | -2.6% | 11.5% |
净利率HUNTRMB
| Q4 25 | -7.1% | 12.4% | ||
| Q3 25 | -1.7% | 10.2% | ||
| Q2 25 | -10.8% | 7.9% | ||
| Q1 25 | -0.4% | 9.2% | ||
| Q4 24 | -9.7% | — | ||
| Q3 24 | -2.1% | 4.6% | ||
| Q2 24 | 1.4% | 151.2% | ||
| Q1 24 | -2.5% | 6.0% |
每股收益（稀释后）HUNTRMB
| Q4 25 | $-0.56 | $0.46 | ||
| Q3 25 | $-0.14 | $0.37 | ||
| Q2 25 | $-0.92 | $0.27 | ||
| Q1 25 | $-0.03 | $0.36 | ||
| Q4 24 | $-0.82 | — | ||
| Q3 24 | $-0.19 | $0.16 | ||
| Q2 24 | $0.13 | $5.34 | ||
| Q1 24 | $-0.22 | $0.23 |
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 | $429.0M | $253.4M |
| 总债务越低越好 | $2.0B | $1.4B |
| 股东权益账面价值 | $2.8B | $5.8B |
| 总资产 | $7.0B | $9.3B |
| 负债/权益比越低杠杆越低 | 0.73× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资HUNTRMB
| Q4 25 | $429.0M | $232.7M | ||
| Q3 25 | $468.0M | $265.9M | ||
| Q2 25 | $399.0M | $290.0M | ||
| Q1 25 | $334.0M | $738.8M | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $330.0M | $1.0B | ||
| Q2 24 | $335.0M | $944.1M | ||
| Q1 24 | $552.0M | $255.1M |
总债务HUNTRMB
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益HUNTRMB
| Q4 25 | $2.8B | $5.8B | ||
| Q3 25 | $2.8B | $5.7B | ||
| Q2 25 | $2.8B | $5.4B | ||
| Q1 25 | $3.0B | $5.7B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | $5.9B | ||
| Q2 24 | $3.1B | $5.6B | ||
| Q1 24 | $3.2B | $4.3B |
总资产HUNTRMB
| Q4 25 | $7.0B | $9.0B | ||
| Q3 25 | $7.1B | $9.1B | ||
| Q2 25 | $7.1B | $8.9B | ||
| Q1 25 | $7.2B | $9.5B | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $7.3B | $9.9B | ||
| Q2 24 | $7.3B | $9.6B | ||
| Q1 24 | $7.6B | $9.3B |
负债/权益比HUNTRMB
| Q4 25 | 0.73× | 0.24× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | 0.24× | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — | ||
| 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 | $76.0M | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $360.9M |
| 自由现金流率自由现金流/营收 | 1.4% | 37.2% |
| 资本支出强度资本支出/营收 | 4.2% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.47× |
| 过去12个月自由现金流最近4个季度 | $116.0M | — |
8季度趋势，按日历期对齐
经营现金流HUNTRMB
| Q4 25 | $76.0M | — | ||
| Q3 25 | $196.0M | $123.8M | ||
| Q2 25 | $91.0M | $155.6M | ||
| Q1 25 | $-74.0M | $115.1M | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $129.0M | $94.9M | ||
| Q2 24 | $46.0M | $87.6M | ||
| Q1 24 | $-65.0M | $233.8M |
自由现金流HUNTRMB
| Q4 25 | $19.0M | — | ||
| Q3 25 | $153.0M | $116.6M | ||
| Q2 25 | $54.0M | $149.0M | ||
| Q1 25 | $-110.0M | $109.0M | ||
| Q4 24 | $102.0M | — | ||
| Q3 24 | $88.0M | $88.5M | ||
| Q2 24 | $-4.0M | $73.3M | ||
| Q1 24 | $-107.0M | $227.0M |
自由现金流率HUNTRMB
| Q4 25 | 1.4% | — | ||
| Q3 25 | 10.5% | 13.3% | ||
| Q2 25 | 3.7% | 17.7% | ||
| Q1 25 | -7.8% | 11.1% | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 5.7% | 10.1% | ||
| Q2 24 | -0.3% | 8.4% | ||
| Q1 24 | -7.3% | 23.8% |
资本支出强度HUNTRMB
| Q4 25 | 4.2% | — | ||
| Q3 25 | 2.9% | 0.8% | ||
| Q2 25 | 2.5% | 0.8% | ||
| Q1 25 | 2.6% | 0.6% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 2.7% | 0.7% | ||
| Q2 24 | 3.2% | 1.6% | ||
| Q1 24 | 2.9% | 0.7% |
现金转化率HUNTRMB
| Q4 25 | — | — | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 2.33× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | 2.09× | 0.07× | ||
| Q1 24 | — | 4.09× |
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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
