Yes, you can - the host profile is like a template config that you now can test against other servers etc.
Depending how you canpture it, you can even choose where to store it.
Have a look at :
Online version: http://www.vmware.com/support/developer/PowerCLI/PowerCLI41U1/html/Get-VMHostProfile.html
Apply-VMHostProfile
Export-VMHostProfile
Import-VMHostProfile
New-VMHostProfile
Remove-VMHostProfile
Set-VMHostProfile
Test-VMHostProfileCompliance
One day I will virtualise myself . . .