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Hut 8 Corp.（HUT）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Hut 8 Corp.的1.1倍（$100.0M vs $88.5M），null净利率更高（-7.0% vs -316.0%，领先309.0%），Hut 8 Corp.同比增速更快（179.2% vs 14.5%），过去两年Hut 8 Corp.的营收复合增速更高（30.8% vs -4.9%）
Tropical Hut是菲律宾水星集团旗下的快餐连锁品牌，是菲律宾历史第七悠久的餐饮连锁品牌，创立时间早于1978年成立的快乐蜂及1981年进入菲律宾市场的麦当劳。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
HUT vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.1倍
$88.5M
营收增速更快
HUT
高出164.7%
14.5%
净利率更高
SWIM
高出309.0%
-316.0%
两年增速更快
HUT
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $88.5M | $100.0M |
| 净利润 | $-279.7M | $-7.0M |
| 毛利率 | 60.4% | 28.0% |
| 营业利润率 | -491.4% | -10.7% |
| 净利率 | -316.0% | -7.0% |
| 营收同比 | 179.2% | 14.5% |
| 净利润同比 | -283.7% | 76.0% |
| 每股收益（稀释后） | $-2.45 | $-0.06 |
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HUTSWIM
| Q4 25 | $88.5M | $100.0M | ||
| Q3 25 | $83.5M | $161.9M | ||
| Q2 25 | $41.3M | $172.6M | ||
| Q1 25 | $21.8M | $111.4M | ||
| Q4 24 | $31.7M | $87.3M | ||
| Q3 24 | $43.7M | $150.5M | ||
| Q2 24 | $35.2M | $160.1M | ||
| Q1 24 | $51.7M | $110.6M |
净利润HUTSWIM
| Q4 25 | $-279.7M | $-7.0M | ||
| Q3 25 | $50.1M | $8.1M | ||
| Q2 25 | $137.3M | $16.0M | ||
| Q1 25 | $-133.9M | $-6.0M | ||
| Q4 24 | $152.2M | $-29.2M | ||
| Q3 24 | $647.0K | $5.9M | ||
| Q2 24 | $-71.9M | $13.3M | ||
| Q1 24 | $250.9M | $-7.9M |
毛利率HUTSWIM
| Q4 25 | 60.4% | 28.0% | ||
| Q3 25 | 61.3% | 35.4% | ||
| Q2 25 | 47.3% | 37.1% | ||
| Q1 25 | 14.5% | 29.5% | ||
| Q4 24 | 35.9% | 24.6% | ||
| Q3 24 | 59.9% | 32.4% | ||
| Q2 24 | 41.4% | 33.1% | ||
| Q1 24 | 45.6% | 27.7% |
营业利润率HUTSWIM
| Q4 25 | -491.4% | -10.7% | ||
| Q3 25 | 87.0% | 13.3% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | -676.8% | -4.4% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | -3.6% | 8.9% | ||
| Q2 24 | -246.2% | 12.5% | ||
| Q1 24 | — | -1.9% |
净利率HUTSWIM
| Q4 25 | -316.0% | -7.0% | ||
| Q3 25 | 60.0% | 5.0% | ||
| Q2 25 | 332.5% | 9.3% | ||
| Q1 25 | -613.7% | -5.4% | ||
| Q4 24 | 480.3% | -33.4% | ||
| Q3 24 | 1.5% | 3.9% | ||
| Q2 24 | -204.1% | 8.3% | ||
| Q1 24 | 484.9% | -7.1% |
每股收益（稀释后）HUTSWIM
| Q4 25 | $-2.45 | $-0.06 | ||
| Q3 25 | $0.43 | $0.07 | ||
| Q2 25 | $1.18 | $0.13 | ||
| Q1 25 | $-1.30 | $-0.05 | ||
| Q4 24 | $1.41 | $-0.24 | ||
| Q3 24 | $0.01 | $0.05 | ||
| Q2 24 | $-0.78 | $0.11 | ||
| Q1 24 | $2.76 | $-0.07 |
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 | $44.9M | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $1.4B | $405.9M |
| 总资产 | $2.8B | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资HUTSWIM
| Q4 25 | $44.9M | — | ||
| Q3 25 | $33.5M | — | ||
| Q2 25 | $216.3M | — | ||
| Q1 25 | $108.4M | — | ||
| Q4 24 | $85.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $11.5M | — |
总债务HUTSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $300.6M | $281.5M | ||
| Q3 24 | $297.3M | $282.8M | ||
| Q2 24 | $328.8M | $282.4M | ||
| Q1 24 | $177.6M | $282.8M |
股东权益HUTSWIM
| Q4 25 | $1.4B | $405.9M | ||
| Q3 25 | $1.4B | $408.4M | ||
| Q2 25 | $1.3B | $398.4M | ||
| Q1 25 | $960.0M | $381.1M | ||
| Q4 24 | $976.7M | $387.2M | ||
| Q3 24 | $703.9M | $416.6M | ||
| Q2 24 | $660.1M | $408.1M | ||
| Q1 24 | $732.0M | $391.8M |
总资产HUTSWIM
| Q4 25 | $2.8B | $823.2M | ||
| Q3 25 | $2.7B | $844.4M | ||
| Q2 25 | $2.0B | $822.1M | ||
| Q1 25 | $1.6B | $824.6M | ||
| Q4 24 | $1.5B | $794.2M | ||
| Q3 24 | $1.1B | $853.4M | ||
| Q2 24 | $1.1B | $830.0M | ||
| Q1 24 | $999.0M | $808.6M |
负债/权益比HUTSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.31× | 0.73× | ||
| Q3 24 | 0.42× | 0.68× | ||
| Q2 24 | 0.50× | 0.69× | ||
| Q1 24 | 0.24× | 0.72× |
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 | $-139.2M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $14.1M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | — | 9.2% |
| 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 | — | $38.0M |
8季度趋势，按日历期对齐
经营现金流HUTSWIM
| Q4 25 | $-139.2M | $23.3M | ||
| Q3 25 | $770.0K | $51.0M | ||
| Q2 25 | $-48.8M | $36.0M | ||
| Q1 25 | $-33.8M | $-46.9M | ||
| Q4 24 | $-68.5M | $6.2M | ||
| Q3 24 | $-4.2M | $37.2M | ||
| Q2 24 | $-16.4M | $52.4M | ||
| Q1 24 | $-26.3M | $-34.5M |
自由现金流HUTSWIM
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | — | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $-39.9M |
自由现金流率HUTSWIM
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | -36.0% |
资本支出强度HUTSWIM
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.8% |
现金转化率HUTSWIM
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | 6.29× | ||
| Q2 25 | -0.36× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.45× | — | ||
| Q3 24 | -6.49× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | -0.11× | — |
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
HUT
| High Performance Computing Colocation And Cloud | $81.9M | 93% |
| Power | $5.0M | 6% |
| Digital Infrastructure | $1.6M | 2% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
