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豪梅特航空航天（HWM）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是豪梅特航空航天的1.7倍（$3.8B vs $2.2B），豪梅特航空航天净利率更高（17.2% vs 12.4%，领先4.7%），豪梅特航空航天同比增速更快（14.6% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $530.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs 9.0%）
豪梅特航空航天是总部位于美国宾夕法尼亚州匹兹堡的航空航天企业，专业生产喷气发动机零部件、航空紧固件、航空用钛合金结构件，同时为重型卡车供应高性能锻造铝轮产品。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
HWM vs NOW — 直观对比
营收规模更大
NOW
是对方的1.7倍
$2.2B
营收增速更快
HWM
高出11.9%
2.8%
净利率更高
HWM
高出4.7%
12.4%
自由现金流更多
NOW
多$1.1B
$530.0M
两年增速更快
NOW
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.8B |
| 净利润 | $372.0M | $469.0M |
| 毛利率 | — | 75.1% |
| 营业利润率 | 22.6% | 13.3% |
| 净利率 | 17.2% | 12.4% |
| 营收同比 | 14.6% | 2.8% |
| 净利润同比 | 18.5% | -53.7% |
| 每股收益（稀释后） | $0.92 | $1.04 |
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HWMNOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $2.2B | $3.6B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $2.1B | $3.2B | ||
| Q1 25 | $1.9B | $3.1B | ||
| Q4 24 | $1.9B | $3.0B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.9B | $2.6B |
净利润HWMNOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $372.0M | $401.0M | ||
| Q3 25 | $385.0M | $502.0M | ||
| Q2 25 | $407.0M | $385.0M | ||
| Q1 25 | $344.0M | $460.0M | ||
| Q4 24 | $314.0M | $384.0M | ||
| Q3 24 | $332.0M | $432.0M | ||
| Q2 24 | $266.0M | $262.0M |
毛利率HWMNOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 77.3% | ||
| Q2 25 | — | 77.5% | ||
| Q1 25 | — | 78.9% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | — | 79.1% | ||
| Q2 24 | — | 79.0% |
营业利润率HWMNOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 22.6% | 12.4% | ||
| Q3 25 | 25.9% | 16.8% | ||
| Q2 25 | 25.4% | 11.1% | ||
| Q1 25 | 25.4% | 14.6% | ||
| Q4 24 | 23.5% | 12.6% | ||
| Q3 24 | 22.9% | 14.9% | ||
| Q2 24 | 21.2% | 9.1% |
净利率HWMNOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 17.2% | 11.2% | ||
| Q3 25 | 18.4% | 14.7% | ||
| Q2 25 | 19.8% | 12.0% | ||
| Q1 25 | 17.7% | 14.9% | ||
| Q4 24 | 16.6% | 13.0% | ||
| Q3 24 | 18.1% | 15.4% | ||
| Q2 24 | 14.1% | 10.0% |
每股收益（稀释后）HWMNOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.92 | $-4.77 | ||
| Q3 25 | $0.95 | $2.40 | ||
| Q2 25 | $1.00 | $1.84 | ||
| Q1 25 | $0.84 | $2.20 | ||
| Q4 24 | $0.76 | $1.84 | ||
| Q3 24 | $0.81 | $2.07 | ||
| Q2 24 | $0.65 | $1.26 |
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 | $742.0M | $2.7B |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $5.4B | $11.7B |
| 总资产 | $11.2B | $24.4B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资HWMNOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $742.0M | $3.7B | ||
| Q3 25 | $659.0M | $2.7B | ||
| Q2 25 | $545.0M | $3.1B | ||
| Q1 25 | $536.0M | $3.4B | ||
| Q4 24 | $564.0M | $2.3B | ||
| Q3 24 | $475.0M | $1.9B | ||
| Q2 24 | $752.0M | $2.2B |
总债务HWMNOW
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.7B | — |
股东权益HWMNOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $5.4B | $13.0B | ||
| Q3 25 | $5.1B | $11.3B | ||
| Q2 25 | $5.0B | $10.9B | ||
| Q1 25 | $4.8B | $10.1B | ||
| Q4 24 | $4.6B | $9.6B | ||
| Q3 24 | $4.5B | $9.3B | ||
| Q2 24 | $4.3B | $8.7B |
总资产HWMNOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $11.2B | $26.0B | ||
| Q3 25 | $11.2B | $21.8B | ||
| Q2 25 | $11.0B | $22.1B | ||
| Q1 25 | $10.8B | $21.0B | ||
| Q4 24 | $10.5B | $20.4B | ||
| Q3 24 | $10.6B | $18.4B | ||
| Q2 24 | $10.7B | $18.2B |
负债/权益比HWMNOW
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.86× | — |
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 | $654.0M | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $530.0M | $1.7B |
| 自由现金流率自由现金流/营收 | 24.4% | 44.2% |
| 资本支出强度资本支出/营收 | 5.7% | — |
| 现金转化率经营现金流/净利润 | 1.76× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $4.8B |
8季度趋势，按日历期对齐
经营现金流HWMNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $654.0M | $2.2B | ||
| Q3 25 | $531.0M | $813.0M | ||
| Q2 25 | $446.0M | $716.0M | ||
| Q1 25 | $253.0M | $1.7B | ||
| Q4 24 | $480.0M | $1.6B | ||
| Q3 24 | $244.0M | $671.0M | ||
| Q2 24 | $397.0M | $620.0M |
自由现金流HWMNOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $530.0M | $2.0B | ||
| Q3 25 | $423.0M | $578.0M | ||
| Q2 25 | $344.0M | $526.0M | ||
| Q1 25 | $134.0M | $1.5B | ||
| Q4 24 | $378.0M | $1.4B | ||
| Q3 24 | $162.0M | $469.0M | ||
| Q2 24 | $342.0M | $358.0M |
自由现金流率HWMNOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 24.4% | 56.1% | ||
| Q3 25 | 20.2% | 17.0% | ||
| Q2 25 | 16.8% | 16.4% | ||
| Q1 25 | 6.9% | 47.7% | ||
| Q4 24 | 20.0% | 46.7% | ||
| Q3 24 | 8.8% | 16.8% | ||
| Q2 24 | 18.2% | 13.6% |
资本支出强度HWMNOW
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 6.7% | ||
| Q3 25 | 5.2% | 6.9% | ||
| Q2 25 | 5.0% | 5.9% | ||
| Q1 25 | 6.1% | 6.6% | ||
| Q4 24 | 5.4% | 8.6% | ||
| Q3 24 | 4.5% | 7.2% | ||
| Q2 24 | 2.9% | 10.0% |
现金转化率HWMNOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 1.76× | 5.58× | ||
| Q3 25 | 1.38× | 1.62× | ||
| Q2 25 | 1.10× | 1.86× | ||
| Q1 25 | 0.74× | 3.65× | ||
| Q4 24 | 1.53× | 4.26× | ||
| Q3 24 | 0.73× | 1.55× | ||
| Q2 24 | 1.49× | 2.37× |
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
HWM
| Engine Products Segment | $1.2B | 54% |
| Fastening Systems | $454.0M | 21% |
| Forged Wheels | $264.0M | 12% |
| Aerospace Defense | $236.0M | 11% |
| Commercial Transportation | $46.0M | 2% |
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
