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Abacus Global Management, Inc.（ABX）与阿波罗全球管理（APO）财务数据对比。点击上方公司名可切换其他公司
阿波罗全球管理的季度营收约是Abacus Global Management, Inc.的137.2倍（$9.9B vs $71.9M）。Abacus Global Management, Inc.净利率更高（10.1% vs 6.9%，领先3.1%）。Abacus Global Management, Inc.同比增速更快（116.5% vs 86.7%）。过去两年Abacus Global Management, Inc.的营收复合增速更高（82.9% vs 18.4%）
Abacus集团是澳大利亚ASX 200指数成分公众上市公司，专注投资澳大利亚房地产投资信托，投资组合集中在写字楼与自助仓储领域，同时管理房地产开发的legacy投资项目。该公司原名为Abacus地产集团，2023年8月拆分出了自助仓储业务Abacus Storage King。
阿波罗全球管理是美国头部另类资产管理机构，截至2025年总资产管理规模达8400亿美元，业务涵盖3920亿美元的信贷类资产（含夹层资本、对冲基金、不良贷款、担保贷款凭证等）、990亿美元私募股权，以及462亿美元的地产、基建等实体资产，为全球客户提供专业资产管理服务。
ABX vs APO — 直观对比
营收规模更大
APO
是对方的137.2倍
$71.9M
营收增速更快
ABX
高出29.8%
86.7%
净利率更高
ABX
高出3.1%
6.9%
两年增速更快
ABX
近两年复合增速
18.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $71.9M | $9.9B |
| 净利润 | $7.2M | $684.0M |
| 毛利率 | 88.8% | — |
| 营业利润率 | 31.7% | 17.8% |
| 净利率 | 10.1% | 6.9% |
| 营收同比 | 116.5% | 86.7% |
| 净利润同比 | 139.6% | -54.0% |
| 每股收益（稀释后） | $0.06 | $1.09 |
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ABXAPO
| Q4 25 | $71.9M | $9.9B | ||
| Q3 25 | $63.0M | $9.8B | ||
| Q2 25 | $56.2M | $6.8B | ||
| Q1 25 | $44.1M | $5.5B | ||
| Q4 24 | $33.2M | $5.3B | ||
| Q3 24 | $28.1M | $7.8B | ||
| Q2 24 | $29.1M | $6.0B | ||
| Q1 24 | $21.5M | $7.0B |
净利润ABXAPO
| Q4 25 | $7.2M | $684.0M | ||
| Q3 25 | $7.1M | $1.7B | ||
| Q2 25 | $17.6M | $630.0M | ||
| Q1 25 | $4.6M | $442.0M | ||
| Q4 24 | $-18.3M | $1.5B | ||
| Q3 24 | $-5.1M | $811.0M | ||
| Q2 24 | $770.0K | $853.0M | ||
| Q1 24 | $-1.3M | $1.4B |
毛利率ABXAPO
| Q4 25 | 88.8% | — | ||
| Q3 25 | 87.8% | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | 83.9% | — | ||
| Q4 24 | 88.8% | — | ||
| Q3 24 | 92.2% | — | ||
| Q2 24 | 90.6% | — | ||
| Q1 24 | 87.3% | — |
营业利润率ABXAPO
| Q4 25 | 31.7% | 17.8% | ||
| Q3 25 | 35.6% | 29.5% | ||
| Q2 25 | 40.1% | 12.4% | ||
| Q1 25 | 47.6% | 21.3% | ||
| Q4 24 | -50.5% | 32.6% | ||
| Q3 24 | 24.3% | 26.8% | ||
| Q2 24 | 23.3% | 23.9% | ||
| Q1 24 | 10.5% | 31.1% |
净利率ABXAPO
| Q4 25 | 10.1% | 6.9% | ||
| Q3 25 | 11.2% | 17.7% | ||
| Q2 25 | 31.3% | 9.2% | ||
| Q1 25 | 10.5% | 8.0% | ||
| Q4 24 | -55.0% | 28.1% | ||
| Q3 24 | -18.2% | 10.4% | ||
| Q2 24 | 2.6% | 14.2% | ||
| Q1 24 | -6.3% | 20.3% |
每股收益（稀释后）ABXAPO
| Q4 25 | $0.06 | $1.09 | ||
| Q3 25 | $0.07 | $2.78 | ||
| Q2 25 | $0.18 | $0.99 | ||
| Q1 25 | $0.05 | $0.68 | ||
| Q4 24 | $-0.26 | $2.41 | ||
| Q3 24 | $-0.07 | $1.29 | ||
| Q2 24 | $0.01 | $1.35 | ||
| Q1 24 | $-0.02 | $2.28 |
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 | $38.1M | — |
| 总债务越低越好 | $405.8M | $13.4B |
| 股东权益账面价值 | $418.5M | $23.3B |
| 总资产 | $902.2M | $460.9B |
| 负债/权益比越低杠杆越低 | 0.97× | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资ABXAPO
| Q4 25 | $38.1M | — | ||
| Q3 25 | $86.4M | — | ||
| Q2 25 | $74.8M | — | ||
| Q1 25 | $43.8M | — | ||
| Q4 24 | $131.9M | — | ||
| Q3 24 | $19.4M | — | ||
| Q2 24 | $91.3M | — | ||
| Q1 24 | $65.4M | — |
总债务ABXAPO
| Q4 25 | $405.8M | $13.4B | ||
| Q3 25 | $409.3M | $12.6B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $10.6B | ||
| Q4 24 | $380.8M | $10.6B | ||
| Q3 24 | — | $9.8B | ||
| Q2 24 | — | $9.8B | ||
| Q1 24 | — | $9.6B |
股东权益ABXAPO
| Q4 25 | $418.5M | $23.3B | ||
| Q3 25 | $434.6M | $23.1B | ||
| Q2 25 | $416.5M | $19.3B | ||
| Q1 25 | $430.6M | $18.0B | ||
| Q4 24 | $423.3M | $17.3B | ||
| Q3 24 | $257.9M | $17.9B | ||
| Q2 24 | $256.8M | $15.3B | ||
| Q1 24 | $165.3M | $14.8B |
总资产ABXAPO
| Q4 25 | $902.2M | $460.9B | ||
| Q3 25 | $918.9M | $449.5B | ||
| Q2 25 | $848.4M | $419.6B | ||
| Q1 25 | $856.5M | $395.0B | ||
| Q4 24 | $874.2M | $377.9B | ||
| Q3 24 | $477.3M | $368.7B | ||
| Q2 24 | $483.9M | $346.5B | ||
| Q1 24 | $376.7M | $334.1B |
负债/权益比ABXAPO
| Q4 25 | 0.97× | 0.57× | ||
| Q3 25 | 0.94× | 0.55× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | 0.90× | 0.61× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.65× |
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 | $-7.4M | $4.7B |
| 自由现金流经营现金流 - 资本支出 | $-7.6M | — |
| 自由现金流率自由现金流/营收 | -10.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | -1.03× | 6.83× |
| 过去12个月自由现金流最近4个季度 | $-26.6M | — |
8季度趋势，按日历期对齐
经营现金流ABXAPO
| Q4 25 | $-7.4M | $4.7B | ||
| Q3 25 | $-32.8M | $303.0M | ||
| Q2 25 | $76.1M | $1.3B | ||
| Q1 25 | $-61.6M | $1.0B | ||
| Q4 24 | $-92.0M | $-4.0M | ||
| Q3 24 | $-52.3M | $1.9B | ||
| Q2 24 | $-67.1M | $1.3B | ||
| Q1 24 | $2.5M | $70.0M |
自由现金流ABXAPO
| Q4 25 | $-7.6M | — | ||
| Q3 25 | $-32.9M | — | ||
| Q2 25 | $75.7M | — | ||
| Q1 25 | $-61.8M | — | ||
| Q4 24 | $-92.2M | — | ||
| Q3 24 | $-52.5M | — | ||
| Q2 24 | $-67.2M | — | ||
| Q1 24 | $2.4M | — |
自由现金流率ABXAPO
| Q4 25 | -10.5% | — | ||
| Q3 25 | -52.3% | — | ||
| Q2 25 | 134.6% | — | ||
| Q1 25 | -140.0% | — | ||
| Q4 24 | -277.5% | — | ||
| Q3 24 | -186.6% | — | ||
| Q2 24 | -231.3% | — | ||
| Q1 24 | 10.9% | — |
资本支出强度ABXAPO
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.8% | — |
现金转化率ABXAPO
| Q4 25 | -1.03× | 6.83× | ||
| Q3 25 | -4.63× | 0.17× | ||
| Q2 25 | 4.33× | 2.00× | ||
| Q1 25 | -13.28× | 2.29× | ||
| Q4 24 | — | -0.00× | ||
| Q3 24 | — | 2.29× | ||
| Q2 24 | -87.09× | 1.56× | ||
| Q1 24 | — | 0.05× |
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
ABX
| Life Solutions Segment | $63.0M | 88% |
| Asset Management Segment | $8.7M | 12% |
APO
| Retirement Services Segment | $8.5B | 86% |
| Asset Management1 | $681.0M | 7% |
| Principal Investing Segment | $624.0M | 6% |
| Management Service Incentive | $96.0M | 1% |
