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Acadian Asset Management Inc.（AAMI）与凯雷集团（CG）财务数据对比。点击上方公司名可切换其他公司
凯雷集团的季度营收约是Acadian Asset Management Inc.的11.0倍（$1.9B vs $172.2M）。Acadian Asset Management Inc.净利率更高（20.2% vs 18.8%，领先1.3%）。凯雷集团同比增速更快（84.1% vs 2.6%）。过去两年凯雷集团的营收复合增速更高（66.2% vs 27.6%）
Acadian Asset Management Inc.是一家总部位于美国马萨诸塞州波士顿的资产管理机构，专注于为全球机构及个人客户提供专业的投资管理解决方案，在资产管理领域拥有成熟的服务经验与市场布局。
凯雷集团是美国知名跨国企业，核心业务涵盖私募股权投资、另类资产管理及金融服务领域。截至2023年，公司管理资产总规模达4260亿美元，是全球另类资管行业的重要参与者。
AAMI vs CG — 直观对比
营收规模更大
CG
是对方的11.0倍
$172.2M
营收增速更快
CG
高出81.5%
2.6%
净利率更高
AAMI
高出1.3%
18.8%
两年增速更快
CG
近两年复合增速
27.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $172.2M | $1.9B |
| 净利润 | $34.7M | $358.1M |
| 毛利率 | — | — |
| 营业利润率 | 33.3% | 24.3% |
| 净利率 | 20.2% | 18.8% |
| 营收同比 | 2.6% | 84.1% |
| 净利润同比 | -18.4% | 69.8% |
| 每股收益（稀释后） | $0.97 | $0.96 |
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AAMICG
| Q4 25 | $172.2M | $1.9B | ||
| Q3 25 | $144.2M | $332.7M | ||
| Q2 25 | $127.4M | $1.6B | ||
| Q1 25 | $119.9M | $973.1M | ||
| Q4 24 | $167.8M | $1.0B | ||
| Q3 24 | $123.1M | $2.6B | ||
| Q2 24 | $109.0M | $1.1B | ||
| Q1 24 | $105.7M | $688.4M |
净利润AAMICG
| Q4 25 | $34.7M | $358.1M | ||
| Q3 25 | $15.1M | $900.0K | ||
| Q2 25 | $10.1M | $319.7M | ||
| Q1 25 | $20.1M | $130.0M | ||
| Q4 24 | $42.5M | $210.9M | ||
| Q3 24 | $16.9M | $595.7M | ||
| Q2 24 | $11.0M | $148.2M | ||
| Q1 24 | $14.6M | $65.6M |
营业利润率AAMICG
| Q4 25 | 33.3% | 24.3% | ||
| Q3 25 | 18.4% | 25.8% | ||
| Q2 25 | 12.7% | 28.0% | ||
| Q1 25 | 26.6% | 17.6% | ||
| Q4 24 | 38.7% | 25.7% | ||
| Q3 24 | 21.9% | 29.9% | ||
| Q2 24 | 18.9% | 20.5% | ||
| Q1 24 | 21.7% | 17.5% |
净利率AAMICG
| Q4 25 | 20.2% | 18.8% | ||
| Q3 25 | 10.5% | 0.3% | ||
| Q2 25 | 7.9% | 20.3% | ||
| Q1 25 | 16.8% | 13.4% | ||
| Q4 24 | 25.3% | 20.4% | ||
| Q3 24 | 13.7% | 22.6% | ||
| Q2 24 | 10.1% | 13.9% | ||
| Q1 24 | 13.8% | 9.5% |
每股收益（稀释后）AAMICG
| Q4 25 | $0.97 | $0.96 | ||
| Q3 25 | $0.42 | $0.00 | ||
| Q2 25 | $0.28 | $0.87 | ||
| Q1 25 | $0.54 | $0.35 | ||
| Q4 24 | $1.11 | $0.56 | ||
| Q3 24 | $0.45 | $1.63 | ||
| Q2 24 | $0.29 | $0.40 | ||
| Q1 24 | $0.37 | $0.18 |
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 | — | $2.0B |
| 总债务越低越好 | $200.0M | — |
| 股东权益账面价值 | — | $7.1B |
| 总资产 | $677.0M | $29.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AAMICG
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $914.8M | ||
| Q1 24 | — | $1.3B |
总债务AAMICG
| Q4 25 | $200.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $275.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AAMICG
| Q4 25 | — | $7.1B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.7B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | — | $5.7B | ||
| Q1 24 | — | $5.7B |
总资产AAMICG
| Q4 25 | $677.0M | $29.1B | ||
| Q3 25 | $751.4M | $27.1B | ||
| Q2 25 | $672.3M | $25.1B | ||
| Q1 25 | $677.3M | $24.1B | ||
| Q4 24 | $703.2M | $23.1B | ||
| Q3 24 | $555.2M | $22.7B | ||
| Q2 24 | $533.1M | $22.3B | ||
| Q1 24 | $544.9M | $20.8B |
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 | $8.7M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.2B |
| 自由现金流率自由现金流/营收 | — | -65.1% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 0.25× | -3.34× |
| 过去12个月自由现金流最近4个季度 | — | $-3.4B |
8季度趋势，按日历期对齐
经营现金流AAMICG
| Q4 25 | $8.7M | $-1.2B | ||
| Q3 25 | $-23.9M | $-1.6B | ||
| Q2 25 | $61.6M | $-168.8M | ||
| Q1 25 | $-48.8M | $-352.1M | ||
| Q4 24 | $-19.1M | $-352.8M | ||
| Q3 24 | $69.6M | $791.9M | ||
| Q2 24 | $45.7M | $-1.3B | ||
| Q1 24 | $-40.4M | $71.1M |
自由现金流AAMICG
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $-1.6B | ||
| Q2 25 | — | $-186.3M | ||
| Q1 25 | — | $-368.8M | ||
| Q4 24 | — | $-379.5M | ||
| Q3 24 | — | $772.8M | ||
| Q2 24 | — | $-1.3B | ||
| Q1 24 | — | $56.9M |
自由现金流率AAMICG
| Q4 25 | — | -65.1% | ||
| Q3 25 | — | -475.7% | ||
| Q2 25 | — | -11.8% | ||
| Q1 25 | — | -37.9% | ||
| Q4 24 | — | -36.8% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | -120.4% | ||
| Q1 24 | — | 8.3% |
资本支出强度AAMICG
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.1% |
现金转化率AAMICG
| Q4 25 | 0.25× | -3.34× | ||
| Q3 25 | -1.58× | -1732.78× | ||
| Q2 25 | 6.10× | -0.53× | ||
| Q1 25 | -2.43× | -2.71× | ||
| Q4 24 | -0.45× | -1.67× | ||
| Q3 24 | 4.12× | 1.33× | ||
| Q2 24 | 4.15× | -8.57× | ||
| Q1 24 | -2.77× | 1.08× |
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
AAMI
暂无分部数据
CG
| Fund Management Fee | $606.8M | 32% |
| Other | $528.7M | 28% |
| Global Private Equity Segment | $307.3M | 16% |
| Global Credit Segment | $238.0M | 13% |
| Carlyle Alp Invest Segment | $124.6M | 7% |
| Incentive Fee | $55.4M | 3% |
| Fee Related Performance Revenues | $29.2M | 2% |
| Investment Advice | $11.1M | 1% |
