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亨斯迈（HUN）与Zscaler, Inc.（ZS）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Zscaler, Inc.的1.7倍（$1.4B vs $788.1M），Zscaler, Inc.净利率更高（-1.5% vs -7.1%，领先5.6%），Zscaler, Inc.同比增速更快（25.5% vs -6.7%），Zscaler, Inc.自由现金流更多（$431.0M vs $19.0M），过去两年Zscaler, Inc.的营收复合增速更高（22.5% 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。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
HUN vs ZS — 直观对比
营收规模更大
HUN
是对方的1.7倍
$788.1M
营收增速更快
ZS
高出32.2%
-6.7%
净利率更高
ZS
高出5.6%
-7.1%
自由现金流更多
ZS
多$412.0M
$19.0M
两年增速更快
ZS
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $788.1M |
| 净利润 | $-96.0M | $-11.6M |
| 毛利率 | 12.1% | 76.6% |
| 营业利润率 | -4.4% | -4.6% |
| 净利率 | -7.1% | -1.5% |
| 营收同比 | -6.7% | 25.5% |
| 净利润同比 | 31.9% | 3.6% |
| 每股收益（稀释后） | $-0.56 | $-0.07 |
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HUNZS
| Q4 25 | $1.4B | $788.1M | ||
| Q3 25 | $1.5B | $719.2M | ||
| Q2 25 | $1.5B | $678.0M | ||
| Q1 25 | $1.4B | $647.9M | ||
| Q4 24 | $1.5B | $628.0M | ||
| Q3 24 | $1.5B | $592.9M | ||
| Q2 24 | $1.6B | $553.2M | ||
| Q1 24 | $1.5B | $525.0M |
净利润HUNZS
| Q4 25 | $-96.0M | $-11.6M | ||
| Q3 25 | $-25.0M | $-17.6M | ||
| Q2 25 | $-158.0M | $-4.1M | ||
| Q1 25 | $-5.0M | $-7.7M | ||
| Q4 24 | $-141.0M | $-12.1M | ||
| Q3 24 | $-33.0M | $-14.9M | ||
| Q2 24 | $22.0M | $19.1M | ||
| Q1 24 | $-37.0M | $-28.5M |
毛利率HUNZS
| Q4 25 | 12.1% | 76.6% | ||
| Q3 25 | 14.0% | 76.1% | ||
| Q2 25 | 12.5% | 77.0% | ||
| Q1 25 | 14.3% | 77.1% | ||
| Q4 24 | 12.9% | 77.5% | ||
| Q3 24 | 15.2% | 78.0% | ||
| Q2 24 | 15.4% | 78.6% | ||
| Q1 24 | 13.7% | 77.7% |
营业利润率HUNZS
| Q4 25 | -4.4% | -4.6% | ||
| Q3 25 | 0.4% | -4.5% | ||
| Q2 25 | -8.2% | -3.7% | ||
| Q1 25 | 3.0% | -6.2% | ||
| Q4 24 | -4.3% | -4.9% | ||
| Q3 24 | 2.7% | -4.5% | ||
| Q2 24 | 2.2% | -0.5% | ||
| Q1 24 | -2.6% | -8.7% |
净利率HUNZS
| Q4 25 | -7.1% | -1.5% | ||
| Q3 25 | -1.7% | -2.4% | ||
| Q2 25 | -10.8% | -0.6% | ||
| Q1 25 | -0.4% | -1.2% | ||
| Q4 24 | -9.7% | -1.9% | ||
| Q3 24 | -2.1% | -2.5% | ||
| Q2 24 | 1.4% | 3.5% | ||
| Q1 24 | -2.5% | -5.4% |
每股收益（稀释后）HUNZS
| Q4 25 | $-0.56 | $-0.07 | ||
| Q3 25 | $-0.14 | $-0.11 | ||
| Q2 25 | $-0.92 | $-0.03 | ||
| Q1 25 | $-0.03 | $-0.05 | ||
| Q4 24 | $-0.82 | $-0.08 | ||
| Q3 24 | $-0.19 | $-0.09 | ||
| Q2 24 | $0.13 | $0.12 | ||
| Q1 24 | $-0.22 | $-0.19 |
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 | $1.3B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.8B | $2.0B |
| 总资产 | $7.0B | $6.5B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNZS
| Q4 25 | $429.0M | $1.3B | ||
| Q3 25 | $468.0M | $2.4B | ||
| Q2 25 | $399.0M | $2.0B | ||
| Q1 25 | $334.0M | $1.8B | ||
| Q4 24 | $340.0M | $1.6B | ||
| Q3 24 | $330.0M | $1.4B | ||
| Q2 24 | $335.0M | $1.3B | ||
| Q1 24 | $552.0M | $1.4B |
总债务HUNZS
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
股东权益HUNZS
| Q4 25 | $2.8B | $2.0B | ||
| Q3 25 | $2.8B | $1.8B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $3.0B | $1.6B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.1B | $1.3B | ||
| Q2 24 | $3.1B | $1.1B | ||
| Q1 24 | $3.2B | $958.9M |
总资产HUNZS
| Q4 25 | $7.0B | $6.5B | ||
| Q3 25 | $7.1B | $6.4B | ||
| Q2 25 | $7.1B | $5.3B | ||
| Q1 25 | $7.2B | $5.0B | ||
| Q4 24 | $7.1B | $4.7B | ||
| Q3 24 | $7.3B | $4.7B | ||
| Q2 24 | $7.3B | $4.2B | ||
| Q1 24 | $7.6B | $3.9B |
负债/权益比HUNZS
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | 0.64× | ||
| Q1 25 | 0.66× | 0.71× | ||
| Q4 24 | 0.62× | 0.80× | ||
| Q3 24 | 0.60× | 0.90× | ||
| Q2 24 | 0.62× | 1.04× | ||
| Q1 24 | 0.65× | 1.19× |
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 | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $431.0M |
| 自由现金流率自由现金流/营收 | 1.4% | 54.7% |
| 资本支出强度资本支出/营收 | 4.2% | 2.2% |
| 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 | $116.0M | $924.9M |
8季度趋势，按日历期对齐
经营现金流HUNZS
| Q4 25 | $76.0M | $448.3M | ||
| Q3 25 | $196.0M | $250.6M | ||
| Q2 25 | $91.0M | $211.1M | ||
| Q1 25 | $-74.0M | $179.4M | ||
| Q4 24 | $153.0M | $331.3M | ||
| Q3 24 | $129.0M | $203.6M | ||
| Q2 24 | $46.0M | $173.4M | ||
| Q1 24 | $-65.0M | $142.1M |
自由现金流HUNZS
| Q4 25 | $19.0M | $431.0M | ||
| Q3 25 | $153.0M | $190.6M | ||
| Q2 25 | $54.0M | $138.9M | ||
| Q1 25 | $-110.0M | $164.4M | ||
| Q4 24 | $102.0M | $314.3M | ||
| Q3 24 | $88.0M | $154.2M | ||
| Q2 24 | $-4.0M | $137.8M | ||
| Q1 24 | $-107.0M | $111.2M |
自由现金流率HUNZS
| Q4 25 | 1.4% | 54.7% | ||
| Q3 25 | 10.5% | 26.5% | ||
| Q2 25 | 3.7% | 20.5% | ||
| Q1 25 | -7.8% | 25.4% | ||
| Q4 24 | 7.0% | 50.1% | ||
| Q3 24 | 5.7% | 26.0% | ||
| Q2 24 | -0.3% | 24.9% | ||
| Q1 24 | -7.3% | 21.2% |
资本支出强度HUNZS
| Q4 25 | 4.2% | 2.2% | ||
| Q3 25 | 2.9% | 8.3% | ||
| Q2 25 | 2.5% | 10.6% | ||
| Q1 25 | 2.6% | 2.3% | ||
| Q4 24 | 3.5% | 2.7% | ||
| Q3 24 | 2.7% | 8.3% | ||
| Q2 24 | 3.2% | 6.4% | ||
| Q1 24 | 2.9% | 5.9% |
现金转化率HUNZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.09× | 9.07× | ||
| 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
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% |
ZS
暂无分部数据
