vs
安捷伦科技（A）与Ares Management Corp（ARES）财务数据对比。点击上方公司名可切换其他公司
安捷伦科技的季度营收约是Ares Management Corp的1.2倍（$1.8B vs $1.5B），安捷伦科技净利率更高（17.0% vs 3.6%，领先13.4%），Ares Management Corp同比增速更快（19.5% vs 7.0%），过去两年Ares Management Corp的营收复合增速更高（45.9% vs 6.9%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
Ares Management Corp是一家全球知名的另类投资管理机构，业务覆盖信贷、私募股权及房地产三大投资领域。公司成立于1997年，在北美、欧洲、亚洲多地设有分支机构，为全球客户提供专业的另类资产管理服务。
A vs ARES — 直观对比
营收规模更大
A
是对方的1.2倍
$1.5B
营收增速更快
ARES
高出12.6%
7.0%
净利率更高
A
高出13.4%
3.6%
两年增速更快
ARES
近两年复合增速
6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.5B |
| 净利润 | $305.0M | $54.2M |
| 毛利率 | 52.6% | — |
| 营业利润率 | 19.6% | 13.7% |
| 净利率 | 17.0% | 3.6% |
| 营收同比 | 7.0% | 19.5% |
| 净利润同比 | -4.1% | -69.4% |
| 每股收益（稀释后） | $1.07 | — |
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AARES
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $788.7M |
净利润AARES
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $54.2M | ||
| Q3 25 | $336.0M | $288.9M | ||
| Q2 25 | $215.0M | $137.1M | ||
| Q1 25 | $318.0M | $47.2M | ||
| Q4 24 | $351.0M | $177.3M | ||
| Q3 24 | $282.0M | $118.5M | ||
| Q2 24 | $308.0M | $94.9M |
毛利率AARES
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 54.2% | — | ||
| Q2 24 | 54.4% | — |
营业利润率AARES
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 13.7% | ||
| Q3 25 | 20.7% | 39.3% | ||
| Q2 25 | 18.0% | 21.3% | ||
| Q1 25 | 22.4% | 13.0% | ||
| Q4 24 | 24.0% | 31.8% | ||
| Q3 24 | 21.1% | 29.0% | ||
| Q2 24 | 23.1% | 40.2% |
净利率AARES
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 3.6% | ||
| Q3 25 | 19.3% | 17.4% | ||
| Q2 25 | 12.9% | 10.2% | ||
| Q1 25 | 18.9% | 4.3% | ||
| Q4 24 | 20.6% | 14.1% | ||
| Q3 24 | 17.9% | 10.5% | ||
| Q2 24 | 19.6% | 12.0% |
每股收益（稀释后）AARES
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | — | ||
| Q3 25 | $1.18 | — | ||
| Q2 25 | $0.75 | — | ||
| Q1 25 | $1.11 | — | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.97 | — | ||
| Q2 24 | $1.05 | — |
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 | $1.8B | — |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $6.9B | $4.3B |
| 总资产 | $12.8B | $28.6B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资AARES
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
总债务AARES
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
股东权益AARES
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $4.3B | ||
| Q3 25 | $6.4B | $4.5B | ||
| Q2 25 | $6.1B | $4.4B | ||
| Q1 25 | $6.0B | $4.5B | ||
| Q4 24 | $5.9B | $3.5B | ||
| Q3 24 | $5.9B | $2.1B | ||
| Q2 24 | $6.2B | $2.0B |
总资产AARES
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $28.6B | ||
| Q3 25 | $12.2B | $27.0B | ||
| Q2 25 | $12.2B | $27.3B | ||
| Q1 25 | $11.9B | $27.2B | ||
| Q4 24 | $11.8B | $24.9B | ||
| Q3 24 | $11.0B | $24.5B | ||
| Q2 24 | $10.9B | $24.2B |
负债/权益比AARES
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — |
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 | $268.0M | $-483.7M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | — |
| 自由现金流率自由现金流/营收 | 9.7% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 现金转化率经营现金流/净利润 | 0.88× | -8.92× |
| 过去12个月自由现金流最近4个季度 | $993.0M | — |
8季度趋势，按日历期对齐
经营现金流AARES
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $-483.7M | ||
| Q3 25 | $362.0M | $1.3B | ||
| Q2 25 | $221.0M | $415.7M | ||
| Q1 25 | $431.0M | $2.0B | ||
| Q4 24 | $481.0M | $807.6M | ||
| Q3 24 | $452.0M | $841.3M | ||
| Q2 24 | $333.0M | $432.2M |
自由现金流AARES
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | — | ||
| Q3 25 | $259.0M | — | ||
| Q2 25 | $107.0M | — | ||
| Q1 25 | $334.0M | — | ||
| Q4 24 | $388.0M | — | ||
| Q3 24 | $360.0M | — | ||
| Q2 24 | $230.0M | — |
自由现金流率AARES
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | — | ||
| Q3 25 | 14.9% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | 22.8% | — | ||
| Q2 24 | 14.6% | — |
资本支出强度AARES
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 5.8% | — | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 6.5% | — |
现金转化率AARES
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | -8.92× | ||
| Q3 25 | 1.08× | 4.64× | ||
| Q2 25 | 1.03× | 3.03× | ||
| Q1 25 | 1.36× | 42.28× | ||
| Q4 24 | 1.37× | 4.55× | ||
| Q3 24 | 1.60× | 7.10× | ||
| Q2 24 | 1.08× | 4.55× |
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
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
