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ABM INDUSTRIES INC（ABM）与Brown & Brown（BRO）财务数据对比。点击上方公司名可切换其他公司
ABM INDUSTRIES INC的季度营收约是Brown & Brown的1.4倍（$2.3B vs $1.6B），Brown & Brown净利率更高（16.5% vs 1.5%，领先15.0%），Brown & Brown同比增速更快（35.8% vs 5.4%），Brown & Brown自由现金流更多（$424.0M vs $112.7M），过去两年Brown & Brown的营收复合增速更高（13.0% vs 5.3%）
ABM工业是美国知名的设施管理服务商，1909年由莫里斯·罗森伯格在加利福尼亚州旧金山创立。其业务覆盖电气、照明、能源管理、设施工程、电气化、暖通空调、机电运维、保洁、景观养护、停车场管理、交通配套等多元设施服务领域，为各类客户提供一体化的场地运营解决方案。
Brown & Brown是总部位于美国佛罗里达州代托纳比奇的保险经纪公司，是美国规模最大的独立保险中介机构之一，面向企业、政府机构、专业组织、行业协会及个人客户提供风险管理解决方案、保险产品及相关服务。
ABM vs BRO — 直观对比
营收规模更大
ABM
是对方的1.4倍
$1.6B
营收增速更快
BRO
高出30.4%
5.4%
净利率更高
BRO
高出15.0%
1.5%
自由现金流更多
BRO
多$311.3M
$112.7M
两年增速更快
BRO
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.6B |
| 净利润 | $34.8M | $265.0M |
| 毛利率 | 11.8% | — |
| 营业利润率 | 3.0% | — |
| 净利率 | 1.5% | 16.5% |
| 营收同比 | 5.4% | 35.8% |
| 净利润同比 | 394.9% | 26.8% |
| 每股收益（稀释后） | $0.56 | $0.55 |
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ABMBRO
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $2.1B | $1.3B |
净利润ABMBRO
| Q4 25 | $34.8M | $265.0M | ||
| Q3 25 | $41.8M | $227.0M | ||
| Q2 25 | $42.2M | $231.0M | ||
| Q1 25 | $43.6M | $331.0M | ||
| Q4 24 | $-11.8M | $209.0M | ||
| Q3 24 | $4.7M | $234.0M | ||
| Q2 24 | $43.8M | $257.0M | ||
| Q1 24 | $44.7M | $293.0M |
毛利率ABMBRO
| Q4 25 | 11.8% | — | ||
| Q3 25 | 12.3% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 11.8% | — |
营业利润率ABMBRO
| Q4 25 | 3.0% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 0.9% | 23.3% | ||
| Q3 24 | 1.8% | 26.7% | ||
| Q2 24 | 4.0% | 29.4% | ||
| Q1 24 | 3.6% | 28.9% |
净利率ABMBRO
| Q4 25 | 1.5% | 16.5% | ||
| Q3 25 | 1.9% | 14.1% | ||
| Q2 25 | 2.0% | 18.0% | ||
| Q1 25 | 2.1% | 23.6% | ||
| Q4 24 | -0.5% | 17.7% | ||
| Q3 24 | 0.2% | 19.7% | ||
| Q2 24 | 2.2% | 21.8% | ||
| Q1 24 | 2.2% | 23.3% |
每股收益（稀释后）ABMBRO
| Q4 25 | $0.56 | $0.55 | ||
| Q3 25 | $0.67 | $0.68 | ||
| Q2 25 | $0.67 | $0.78 | ||
| Q1 25 | $0.69 | $1.15 | ||
| Q4 24 | $-0.18 | $0.73 | ||
| Q3 24 | $0.07 | $0.81 | ||
| Q2 24 | $0.69 | $0.90 | ||
| Q1 24 | $0.70 | $1.02 |
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 | $104.1M | $1.1B |
| 总债务越低越好 | — | $7.6B |
| 股东权益账面价值 | $1.8B | $12.6B |
| 总资产 | $5.3B | $30.0B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资ABMBRO
| Q4 25 | $104.1M | $1.1B | ||
| Q3 25 | $69.3M | $1.2B | ||
| Q2 25 | $58.7M | $8.9B | ||
| Q1 25 | $59.0M | $669.0M | ||
| Q4 24 | $64.6M | $685.0M | ||
| Q3 24 | $86.3M | $968.0M | ||
| Q2 24 | $60.7M | $1.1B | ||
| Q1 24 | $58.0M | $591.0M |
总债务ABMBRO
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $3.9B |
股东权益ABMBRO
| Q4 25 | $1.8B | $12.6B | ||
| Q3 25 | $1.8B | $12.4B | ||
| Q2 25 | $1.8B | $11.6B | ||
| Q1 25 | $1.8B | $6.8B | ||
| Q4 24 | $1.8B | $6.4B | ||
| Q3 24 | $1.8B | $6.5B | ||
| Q2 24 | $1.8B | $6.0B | ||
| Q1 24 | $1.8B | $5.8B |
总资产ABMBRO
| Q4 25 | $5.3B | $30.0B | ||
| Q3 25 | $5.3B | $29.4B | ||
| Q2 25 | $5.3B | $25.6B | ||
| Q1 25 | $5.2B | $16.8B | ||
| Q4 24 | $5.1B | $17.6B | ||
| Q3 24 | $5.0B | $17.5B | ||
| Q2 24 | $4.9B | $15.9B | ||
| Q1 24 | $5.0B | $14.8B |
负债/权益比ABMBRO
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.67× |
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 | $133.4M | $444.0M |
| 自由现金流经营现金流 - 资本支出 | $112.7M | $424.0M |
| 自由现金流率自由现金流/营收 | 4.9% | 26.4% |
| 资本支出强度资本支出/营收 | 0.9% | 1.2% |
| 现金转化率经营现金流/净利润 | 3.83× | 1.68× |
| 过去12个月自由现金流最近4个季度 | $155.1M | $1.4B |
8季度趋势，按日历期对齐
经营现金流ABMBRO
| Q4 25 | $133.4M | $444.0M | ||
| Q3 25 | $174.9M | $468.0M | ||
| Q2 25 | $32.3M | $325.0M | ||
| Q1 25 | $-106.2M | $213.0M | ||
| Q4 24 | $30.4M | $361.0M | ||
| Q3 24 | $79.4M | $440.0M | ||
| Q2 24 | $117.0M | $360.0M | ||
| Q1 24 | $-100.0K | $13.0M |
自由现金流ABMBRO
| Q4 25 | $112.7M | $424.0M | ||
| Q3 25 | $150.1M | $452.0M | ||
| Q2 25 | $15.2M | $310.0M | ||
| Q1 25 | $-122.9M | $196.0M | ||
| Q4 24 | $15.6M | $341.0M | ||
| Q3 24 | $63.9M | $417.0M | ||
| Q2 24 | $101.5M | $334.0M | ||
| Q1 24 | $-13.7M | $0 |
自由现金流率ABMBRO
| Q4 25 | 4.9% | 26.4% | ||
| Q3 25 | 6.7% | 28.1% | ||
| Q2 25 | 0.7% | 24.1% | ||
| Q1 25 | -5.8% | 14.0% | ||
| Q4 24 | 0.7% | 28.8% | ||
| Q3 24 | 3.1% | 35.2% | ||
| Q2 24 | 5.0% | 28.4% | ||
| Q1 24 | -0.7% | 0.0% |
资本支出强度ABMBRO
| Q4 25 | 0.9% | 1.2% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 0.8% | 1.2% | ||
| Q1 25 | 0.8% | 1.2% | ||
| Q4 24 | 0.7% | 1.7% | ||
| Q3 24 | 0.7% | 1.9% | ||
| Q2 24 | 0.8% | 2.2% | ||
| Q1 24 | 0.7% | 1.0% |
现金转化率ABMBRO
| Q4 25 | 3.83× | 1.68× | ||
| Q3 25 | 4.18× | 2.06× | ||
| Q2 25 | 0.77× | 1.41× | ||
| Q1 25 | -2.44× | 0.64× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | 16.89× | 1.88× | ||
| Q2 24 | 2.67× | 1.40× | ||
| Q1 24 | -0.00× | 0.04× |
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
ABM
| Facility Service Line Janitorial | $729.5M | 32% |
| Technical Solutions | $298.6M | 13% |
| Aviation | $296.7M | 13% |
| Education | $233.8M | 10% |
| Engineering And Infrastructure Service Line | $211.3M | 9% |
| Engineering And Infrastructure Service Line Operations And Maintenance | $207.2M | 9% |
| Facility Service Line Aviation Services | $134.4M | 6% |
| Facility Service Line Parking And Transportation | $108.0M | 5% |
| Management Reimbursement Revenue | $86.9M | 4% |
BRO
| US | $1.4B | 87% |
| GB | $147.0M | 9% |
| Profit Sharing Contingent Commission Revenue | $33.0M | 2% |
| Other Supplemental Commissions Revenue | $25.0M | 2% |
