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Abacus Global Management, Inc.（ABX）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
Ares Management Corp的季度营收约是Abacus Global Management, Inc.的20.9倍（$1.5B vs $71.9M）。Abacus Global Management, Inc.净利率更高（10.1% vs 3.6%，领先6.4%）。Abacus Global Management, Inc.同比增速更快（116.5% vs 19.5%）。过去两年Abacus Global Management, Inc.的营收复合增速更高（82.9% vs 45.9%）
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。
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。
ABX vs ARES — 直观对比
营收规模更大
ARES
是对方的20.9倍
$71.9M
营收增速更快
ABX
高出97.0%
19.5%
净利率更高
ABX
高出6.4%
3.6%
两年增速更快
ABX
近两年复合增速
45.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $71.9M | $1.5B |
| 净利润 | $7.2M | $54.2M |
| 毛利率 | 88.8% | — |
| 营业利润率 | 31.7% | 13.7% |
| 净利率 | 10.1% | 3.6% |
| 营收同比 | 116.5% | 19.5% |
| 净利润同比 | 139.6% | -69.4% |
| 每股收益（稀释后） | $0.06 | — |
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ABXARES
| Q4 25 | $71.9M | $1.5B | ||
| Q3 25 | $63.0M | $1.7B | ||
| Q2 25 | $56.2M | $1.4B | ||
| Q1 25 | $44.1M | $1.1B | ||
| Q4 24 | $33.2M | $1.3B | ||
| Q3 24 | $28.1M | $1.1B | ||
| Q2 24 | $29.1M | $788.7M | ||
| Q1 24 | $21.5M | $707.4M |
净利润ABXARES
| Q4 25 | $7.2M | $54.2M | ||
| Q3 25 | $7.1M | $288.9M | ||
| Q2 25 | $17.6M | $137.1M | ||
| Q1 25 | $4.6M | $47.2M | ||
| Q4 24 | $-18.3M | $177.3M | ||
| Q3 24 | $-5.1M | $118.5M | ||
| Q2 24 | $770.0K | $94.9M | ||
| Q1 24 | $-1.3M | $73.0M |
毛利率ABXARES
| 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ABXARES
| Q4 25 | 31.7% | 13.7% | ||
| Q3 25 | 35.6% | 39.3% | ||
| Q2 25 | 40.1% | 21.3% | ||
| Q1 25 | 47.6% | 13.0% | ||
| Q4 24 | -50.5% | 31.8% | ||
| Q3 24 | 24.3% | 29.0% | ||
| Q2 24 | 23.3% | 40.2% | ||
| Q1 24 | 10.5% | 32.7% |
净利率ABXARES
| Q4 25 | 10.1% | 3.6% | ||
| Q3 25 | 11.2% | 17.4% | ||
| Q2 25 | 31.3% | 10.2% | ||
| Q1 25 | 10.5% | 4.3% | ||
| Q4 24 | -55.0% | 14.1% | ||
| Q3 24 | -18.2% | 10.5% | ||
| Q2 24 | 2.6% | 12.0% | ||
| Q1 24 | -6.3% | 10.3% |
每股收益（稀释后）ABXARES
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.07 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $-0.26 | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.02 | — |
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 | $38.1M | — |
| 总债务越低越好 | $405.8M | — |
| 股东权益账面价值 | $418.5M | $4.3B |
| 总资产 | $902.2M | $28.6B |
| 负债/权益比越低杠杆越低 | 0.97× | — |
8季度趋势，按日历期对齐
现金及短期投资ABXARES
| 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ABXARES
| Q4 25 | $405.8M | — | ||
| Q3 25 | $409.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $380.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ABXARES
| Q4 25 | $418.5M | $4.3B | ||
| Q3 25 | $434.6M | $4.5B | ||
| Q2 25 | $416.5M | $4.4B | ||
| Q1 25 | $430.6M | $4.5B | ||
| Q4 24 | $423.3M | $3.5B | ||
| Q3 24 | $257.9M | $2.1B | ||
| Q2 24 | $256.8M | $2.0B | ||
| Q1 24 | $165.3M | $1.8B |
总资产ABXARES
| Q4 25 | $902.2M | $28.6B | ||
| Q3 25 | $918.9M | $27.0B | ||
| Q2 25 | $848.4M | $27.3B | ||
| Q1 25 | $856.5M | $27.2B | ||
| Q4 24 | $874.2M | $24.9B | ||
| Q3 24 | $477.3M | $24.5B | ||
| Q2 24 | $483.9M | $24.2B | ||
| Q1 24 | $376.7M | $24.4B |
负债/权益比ABXARES
| Q4 25 | 0.97× | — | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-483.7M |
| 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× | -8.92× |
| 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ABXARES
| Q4 25 | $-7.4M | $-483.7M | ||
| Q3 25 | $-32.8M | $1.3B | ||
| Q2 25 | $76.1M | $415.7M | ||
| Q1 25 | $-61.6M | $2.0B | ||
| Q4 24 | $-92.0M | $807.6M | ||
| Q3 24 | $-52.3M | $841.3M | ||
| Q2 24 | $-67.1M | $432.2M | ||
| Q1 24 | $2.5M | $710.0M |
自由现金流ABXARES
| 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ABXARES
| 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ABXARES
| 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ABXARES
| Q4 25 | -1.03× | -8.92× | ||
| Q3 25 | -4.63× | 4.64× | ||
| Q2 25 | 4.33× | 3.03× | ||
| Q1 25 | -13.28× | 42.28× | ||
| Q4 24 | — | 4.55× | ||
| Q3 24 | — | 7.10× | ||
| Q2 24 | -87.09× | 4.55× | ||
| Q1 24 | — | 9.72× |
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% |
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
