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北极星（PII）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是北极星的1.8倍（$3.0B vs $1.7B），Williams Companies净利率更高（28.5% vs -2.8%，领先31.4%），北极星同比增速更快（8.0% vs -0.6%），过去两年Williams Companies的营收复合增速更高（3.2% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
PII vs WMB — 直观对比
营收规模更大
WMB
是对方的1.8倍
$1.7B
营收增速更快
PII
高出8.6%
-0.6%
净利率更高
WMB
高出31.4%
-2.8%
两年增速更快
WMB
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.0B |
| 净利润 | $-47.2M | $864.0M |
| 毛利率 | 20.2% | — |
| 营业利润率 | 76.5% | 43.6% |
| 净利率 | -2.8% | 28.5% |
| 营收同比 | 8.0% | -0.6% |
| 净利润同比 | 29.0% | 25.1% |
| 每股收益（稀释后） | $-0.83 | — |
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PIIWMB
| Q1 26 | $1.7B | $3.0B | ||
| Q4 25 | $1.9B | $3.8B | ||
| Q3 25 | $1.8B | $3.5B | ||
| Q2 25 | $1.9B | $3.4B | ||
| Q1 25 | $1.5B | $4.2B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.7B | $3.0B | ||
| Q2 24 | $2.0B | $2.8B |
净利润PIIWMB
| Q1 26 | $-47.2M | $864.0M | ||
| Q4 25 | $-303.6M | $734.0M | ||
| Q3 25 | $-15.8M | $647.0M | ||
| Q2 25 | $-79.3M | $546.0M | ||
| Q1 25 | $-66.8M | $691.0M | ||
| Q4 24 | $10.6M | $486.0M | ||
| Q3 24 | $27.7M | $706.0M | ||
| Q2 24 | $68.7M | $401.0M |
毛利率PIIWMB
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.6% | — |
营业利润率PIIWMB
| Q1 26 | 76.5% | 43.6% | ||
| Q4 25 | -16.7% | 27.3% | ||
| Q3 25 | 1.1% | 31.8% | ||
| Q2 25 | -0.7% | 28.0% | ||
| Q1 25 | -2.4% | 26.1% | ||
| Q4 24 | 3.7% | 23.2% | ||
| Q3 24 | 3.8% | 27.6% | ||
| Q2 24 | 6.1% | 24.4% |
净利率PIIWMB
| Q1 26 | -2.8% | 28.5% | ||
| Q4 25 | -15.8% | 19.1% | ||
| Q3 25 | -0.9% | 18.5% | ||
| Q2 25 | -4.3% | 16.2% | ||
| Q1 25 | -4.3% | 16.5% | ||
| Q4 24 | 0.6% | 14.2% | ||
| Q3 24 | 1.6% | 23.3% | ||
| Q2 24 | 3.5% | 14.1% |
每股收益（稀释后）PIIWMB
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $0.60 | ||
| Q3 25 | $-0.28 | $0.53 | ||
| Q2 25 | $-1.39 | $0.45 | ||
| Q1 25 | $-1.17 | $0.56 | ||
| Q4 24 | $0.18 | $0.39 | ||
| Q3 24 | $0.49 | $0.58 | ||
| Q2 24 | $1.21 | $0.33 |
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 | $282.0M | $950.0K |
| 总债务越低越好 | — | $30.1M |
| 股东权益账面价值 | $750.4M | $13.0M |
| 总资产 | $5.2B | $59.6M |
| 负债/权益比越低杠杆越低 | — | 2.31× |
8季度趋势，按日历期对齐
现金及短期投资PIIWMB
| Q1 26 | $282.0M | $950.0K | ||
| Q4 25 | $138.0M | — | ||
| Q3 25 | $335.5M | — | ||
| Q2 25 | $324.3M | — | ||
| Q1 25 | $291.7M | — | ||
| Q4 24 | $287.8M | — | ||
| Q3 24 | $291.3M | — | ||
| Q2 24 | $322.7M | — |
总债务PIIWMB
| Q1 26 | — | $30.1M | ||
| Q4 25 | $1.5B | $27.3B | ||
| Q3 25 | $1.3B | $25.6B | ||
| Q2 25 | $1.4B | $25.6B | ||
| Q1 25 | $1.6B | $24.1B | ||
| Q4 24 | $1.6B | $24.7B | ||
| Q3 24 | $1.7B | $24.8B | ||
| Q2 24 | $2.1B | $24.1B |
股东权益PIIWMB
| Q1 26 | $750.4M | $13.0M | ||
| Q4 25 | $828.4M | $12.8B | ||
| Q3 25 | $1.1B | $12.5B | ||
| Q2 25 | $1.2B | $12.4B | ||
| Q1 25 | $1.2B | $12.5B | ||
| Q4 24 | $1.3B | $12.4B | ||
| Q3 24 | $1.3B | $12.4B | ||
| Q2 24 | $1.3B | $12.3B |
总资产PIIWMB
| Q1 26 | $5.2B | $59.6M | ||
| Q4 25 | $4.9B | $58.6B | ||
| Q3 25 | $5.3B | $55.7B | ||
| Q2 25 | $5.4B | $56.1B | ||
| Q1 25 | $5.5B | $54.9B | ||
| Q4 24 | $5.5B | $54.5B | ||
| Q3 24 | $5.6B | $53.8B | ||
| Q2 24 | $5.7B | $52.4B |
负债/权益比PIIWMB
| Q1 26 | — | 2.31× | ||
| Q4 25 | 1.82× | 2.13× | ||
| Q3 25 | 1.13× | 2.04× | ||
| Q2 25 | 1.17× | 2.06× | ||
| Q1 25 | 1.32× | 1.93× | ||
| Q4 24 | 1.27× | 1.99× | ||
| Q3 24 | 1.29× | 2.00× | ||
| Q2 24 | 1.56× | 1.96× |
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 | — | $6.3B |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | — |
| 自由现金流率自由现金流/营收 | -20.6% | — |
| 资本支出强度资本支出/营收 | — | 44.9% |
| 现金转化率经营现金流/净利润 | — | 7.31× |
| 过去12个月自由现金流最近4个季度 | $168.0M | — |
8季度趋势，按日历期对齐
经营现金流PIIWMB
| Q1 26 | — | $6.3B | ||
| Q4 25 | $178.7M | $1.6B | ||
| Q3 25 | $158.8M | $1.4B | ||
| Q2 25 | $320.3M | $1.4B | ||
| Q1 25 | $83.2M | $1.4B | ||
| Q4 24 | $206.3M | $1.2B | ||
| Q3 24 | $21.0M | $1.2B | ||
| Q2 24 | $146.3M | $1.3B |
自由现金流PIIWMB
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $-379.0M | ||
| Q3 25 | $116.7M | $485.0M | ||
| Q2 25 | $279.8M | $478.0M | ||
| Q1 25 | $47.6M | $421.0M | ||
| Q4 24 | $137.3M | $450.0M | ||
| Q3 24 | $-32.4M | $561.0M | ||
| Q2 24 | $79.1M | $700.0M |
自由现金流率PIIWMB
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | -9.9% | ||
| Q3 25 | 6.3% | 13.9% | ||
| Q2 25 | 15.1% | 14.2% | ||
| Q1 25 | 3.1% | 10.1% | ||
| Q4 24 | 7.8% | 13.2% | ||
| Q3 24 | -1.9% | 18.5% | ||
| Q2 24 | 4.0% | 24.6% |
资本支出强度PIIWMB
| Q1 26 | — | 44.9% | ||
| Q4 25 | 3.4% | 50.9% | ||
| Q3 25 | 2.3% | 27.3% | ||
| Q2 25 | 2.2% | 28.8% | ||
| Q1 25 | 2.3% | 24.2% | ||
| Q4 24 | 3.9% | 22.5% | ||
| Q3 24 | 3.1% | 22.5% | ||
| Q2 24 | 3.4% | 20.3% |
现金转化率PIIWMB
| Q1 26 | — | 7.31× | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | — | 2.22× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.07× | ||
| Q4 24 | 19.46× | 2.51× | ||
| Q3 24 | 0.76× | 1.76× | ||
| Q2 24 | 2.13× | 3.19× |
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
PII
暂无分部数据
WMB
| Service revenues | $2.2B | 73% |
| Other | $778.0M | 26% |
| Service revenues - commodity consideration | $46.0M | 2% |
