vs
赫氏（HXL）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是赫氏的1.9倍（$969.8M vs $501.5M），天宝净利率更高（16.1% vs 7.4%，领先8.7%），赫氏同比增速更快（9.9% vs -73.7%），过去两年天宝的营收复合增速更高（0.9% vs 0.1%）
赫氏是总部位于美国康涅狄格州斯坦福德的上市工业材料企业，专注于结构材料的研发与生产，由加州增强塑料公司、汽巴复合材料业务、赫克力士复合材料产品部门合并组建。其产品覆盖商用、军工、休闲等市场，广泛应用于军民飞机、航天运载火箭、卫星、风电叶片、运动器材等领域。
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。
HXL vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.9倍
$501.5M
营收增速更快
HXL
高出83.5%
-73.7%
净利率更高
TRMB
高出8.7%
7.4%
两年增速更快
TRMB
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.5M | $969.8M |
| 净利润 | $37.2M | $156.6M |
| 毛利率 | 26.9% | 72.0% |
| 营业利润率 | 11.5% | 22.3% |
| 净利率 | 7.4% | 16.1% |
| 营收同比 | 9.9% | -73.7% |
| 净利润同比 | 29.6% | 73.6% |
| 每股收益（稀释后） | $0.49 | $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HXLTRMB
| Q1 26 | $501.5M | — | ||
| Q4 25 | $491.3M | $901.2M | ||
| Q3 25 | $456.2M | $875.7M | ||
| Q2 25 | $489.9M | $840.6M | ||
| Q1 25 | $456.5M | $983.4M | ||
| Q4 24 | $473.8M | — | ||
| Q3 24 | $456.5M | $875.8M | ||
| Q2 24 | $500.4M | $870.8M |
净利润HXLTRMB
| Q1 26 | $37.2M | — | ||
| Q4 25 | $46.4M | $111.5M | ||
| Q3 25 | $20.6M | $89.2M | ||
| Q2 25 | $13.5M | $66.7M | ||
| Q1 25 | $28.9M | $90.2M | ||
| Q4 24 | $5.8M | — | ||
| Q3 24 | $39.8M | $40.6M | ||
| Q2 24 | $50.0M | $1.3B |
毛利率HXLTRMB
| Q1 26 | 26.9% | — | ||
| Q4 25 | 24.6% | 68.9% | ||
| Q3 25 | 21.9% | 68.3% | ||
| Q2 25 | 22.8% | 66.7% | ||
| Q1 25 | 22.4% | 69.3% | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 23.3% | 65.7% | ||
| Q2 24 | 25.3% | 62.7% |
营业利润率HXLTRMB
| Q1 26 | 11.5% | — | ||
| Q4 25 | 12.5% | 16.7% | ||
| Q3 25 | 7.9% | 14.6% | ||
| Q2 25 | 6.1% | 11.6% | ||
| Q1 25 | 9.7% | 17.6% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 11.5% | 13.3% | ||
| Q2 24 | 14.3% | 7.1% |
净利率HXLTRMB
| Q1 26 | 7.4% | — | ||
| Q4 25 | 9.4% | 12.4% | ||
| Q3 25 | 4.5% | 10.2% | ||
| Q2 25 | 2.8% | 7.9% | ||
| Q1 25 | 6.3% | 9.2% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 8.7% | 4.6% | ||
| Q2 24 | 10.0% | 151.2% |
每股收益（稀释后）HXLTRMB
| Q1 26 | $0.49 | — | ||
| Q4 25 | — | $0.46 | ||
| Q3 25 | — | $0.37 | ||
| Q2 25 | — | $0.27 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $5.34 |
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 | $54.1M | $253.4M |
| 总债务越低越好 | $998.1M | $1.4B |
| 股东权益账面价值 | $1.3B | $5.8B |
| 总资产 | $2.7B | $9.3B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资HXLTRMB
| Q1 26 | $54.1M | — | ||
| Q4 25 | $71.0M | $232.7M | ||
| Q3 25 | $90.5M | $265.9M | ||
| Q2 25 | $77.2M | $290.0M | ||
| Q1 25 | $89.2M | $738.8M | ||
| Q4 24 | $125.4M | — | ||
| Q3 24 | $98.2M | $1.0B | ||
| Q2 24 | $75.4M | $944.1M |
总债务HXLTRMB
| Q1 26 | $998.1M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HXLTRMB
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $5.8B | ||
| Q3 25 | $1.6B | $5.7B | ||
| Q2 25 | $1.6B | $5.4B | ||
| Q1 25 | $1.5B | $5.7B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | $5.9B | ||
| Q2 24 | $1.6B | $5.6B |
总资产HXLTRMB
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $9.0B | ||
| Q3 25 | $2.8B | $9.1B | ||
| Q2 25 | $2.8B | $8.9B | ||
| Q1 25 | $2.8B | $9.5B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.9B | $9.9B | ||
| Q2 24 | $2.8B | $9.6B |
负债/权益比HXLTRMB
| Q1 26 | 0.79× | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $386.2M |
| 自由现金流经营现金流 - 资本支出 | — | $360.9M |
| 自由现金流率自由现金流/营收 | — | 37.2% |
| 资本支出强度资本支出/营收 | 3.2% | 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 | — | — |
8季度趋势，按日历期对齐
经营现金流HXLTRMB
| Q1 26 | — | — | ||
| Q4 25 | $125.5M | — | ||
| Q3 25 | $110.2M | $123.8M | ||
| Q2 25 | $23.3M | $155.6M | ||
| Q1 25 | $-28.5M | $115.1M | ||
| Q4 24 | $162.6M | — | ||
| Q3 24 | $90.1M | $94.9M | ||
| Q2 24 | $44.2M | $87.6M |
自由现金流HXLTRMB
| Q1 26 | — | — | ||
| Q4 25 | $107.3M | — | ||
| Q3 25 | $96.5M | $116.6M | ||
| Q2 25 | $8.0M | $149.0M | ||
| Q1 25 | $-54.6M | $109.0M | ||
| Q4 24 | $144.0M | — | ||
| Q3 24 | $73.3M | $88.5M | ||
| Q2 24 | $21.3M | $73.3M |
自由现金流率HXLTRMB
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 21.2% | 13.3% | ||
| Q2 25 | 1.6% | 17.7% | ||
| Q1 25 | -12.0% | 11.1% | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 16.1% | 10.1% | ||
| Q2 24 | 4.3% | 8.4% |
资本支出强度HXLTRMB
| Q1 26 | 3.2% | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 3.0% | 0.8% | ||
| Q2 25 | 3.1% | 0.8% | ||
| Q1 25 | 5.7% | 0.6% | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.7% | 0.7% | ||
| Q2 24 | 4.6% | 1.6% |
现金转化率HXLTRMB
| Q1 26 | — | — | ||
| Q4 25 | 2.70× | — | ||
| Q3 25 | 5.35× | 1.39× | ||
| Q2 25 | 1.73× | 2.33× | ||
| Q1 25 | -0.99× | 1.28× | ||
| Q4 24 | 28.03× | — | ||
| Q3 24 | 2.26× | 2.34× | ||
| Q2 24 | 0.88× | 0.07× |
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
HXL
暂无分部数据
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
