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Abacus Global Management, Inc.（ABX）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Abacus Global Management, Inc.的26.4倍（$1.9B vs $71.9M）。凯雷集团净利率更高（18.8% vs 10.1%，领先8.8%）。Abacus Global Management, Inc.同比增速更快（116.5% vs 84.1%）。Abacus Global Management, Inc.自由现金流更多（$-7.6M vs $-1.2B）。过去两年Abacus Global Management, Inc.的营收复合增速更高（82.9% vs 66.2%）
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。
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。
ABX vs CG — 直观对比
营收规模更大
CG
是对方的26.4倍
$71.9M
营收增速更快
ABX
高出32.4%
84.1%
净利率更高
CG
高出8.8%
10.1%
自由现金流更多
ABX
多$1.2B
$-1.2B
两年增速更快
ABX
近两年复合增速
66.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $71.9M | $1.9B |
| 净利润 | $7.2M | $358.1M |
| 毛利率 | 88.8% | — |
| 营业利润率 | 31.7% | 24.3% |
| 净利率 | 10.1% | 18.8% |
| 营收同比 | 116.5% | 84.1% |
| 净利润同比 | 139.6% | 69.8% |
| 每股收益（稀释后） | $0.06 | $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ABXCG
| Q4 25 | $71.9M | $1.9B | ||
| Q3 25 | $63.0M | $332.7M | ||
| Q2 25 | $56.2M | $1.6B | ||
| Q1 25 | $44.1M | $973.1M | ||
| Q4 24 | $33.2M | $1.0B | ||
| Q3 24 | $28.1M | $2.6B | ||
| Q2 24 | $29.1M | $1.1B | ||
| Q1 24 | $21.5M | $688.4M |
净利润ABXCG
| Q4 25 | $7.2M | $358.1M | ||
| Q3 25 | $7.1M | $900.0K | ||
| Q2 25 | $17.6M | $319.7M | ||
| Q1 25 | $4.6M | $130.0M | ||
| Q4 24 | $-18.3M | $210.9M | ||
| Q3 24 | $-5.1M | $595.7M | ||
| Q2 24 | $770.0K | $148.2M | ||
| Q1 24 | $-1.3M | $65.6M |
毛利率ABXCG
| 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ABXCG
| Q4 25 | 31.7% | 24.3% | ||
| Q3 25 | 35.6% | 25.8% | ||
| Q2 25 | 40.1% | 28.0% | ||
| Q1 25 | 47.6% | 17.6% | ||
| Q4 24 | -50.5% | 25.7% | ||
| Q3 24 | 24.3% | 29.9% | ||
| Q2 24 | 23.3% | 20.5% | ||
| Q1 24 | 10.5% | 17.5% |
净利率ABXCG
| Q4 25 | 10.1% | 18.8% | ||
| Q3 25 | 11.2% | 0.3% | ||
| Q2 25 | 31.3% | 20.3% | ||
| Q1 25 | 10.5% | 13.4% | ||
| Q4 24 | -55.0% | 20.4% | ||
| Q3 24 | -18.2% | 22.6% | ||
| Q2 24 | 2.6% | 13.9% | ||
| Q1 24 | -6.3% | 9.5% |
每股收益（稀释后）ABXCG
| Q4 25 | $0.06 | $0.96 | ||
| Q3 25 | $0.07 | $0.00 | ||
| Q2 25 | $0.18 | $0.87 | ||
| Q1 25 | $0.05 | $0.35 | ||
| Q4 24 | $-0.26 | $0.56 | ||
| Q3 24 | $-0.07 | $1.63 | ||
| Q2 24 | $0.01 | $0.40 | ||
| Q1 24 | $-0.02 | $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 | $38.1M | $2.0B |
| 总债务越低越好 | $405.8M | — |
| 股东权益账面价值 | $418.5M | $7.1B |
| 总资产 | $902.2M | $29.1B |
| 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ABXCG
| Q4 25 | $38.1M | $2.0B | ||
| Q3 25 | $86.4M | $2.2B | ||
| Q2 25 | $74.8M | $1.3B | ||
| Q1 25 | $43.8M | $1.2B | ||
| Q4 24 | $131.9M | $1.3B | ||
| Q3 24 | $19.4M | $1.4B | ||
| Q2 24 | $91.3M | $914.8M | ||
| Q1 24 | $65.4M | $1.3B |
总债务ABXCG
| 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ABXCG
| Q4 25 | $418.5M | $7.1B | ||
| Q3 25 | $434.6M | $6.8B | ||
| Q2 25 | $416.5M | $6.7B | ||
| Q1 25 | $430.6M | $6.4B | ||
| Q4 24 | $423.3M | $6.3B | ||
| Q3 24 | $257.9M | $6.3B | ||
| Q2 24 | $256.8M | $5.7B | ||
| Q1 24 | $165.3M | $5.7B |
总资产ABXCG
| Q4 25 | $902.2M | $29.1B | ||
| Q3 25 | $918.9M | $27.1B | ||
| Q2 25 | $848.4M | $25.1B | ||
| Q1 25 | $856.5M | $24.1B | ||
| Q4 24 | $874.2M | $23.1B | ||
| Q3 24 | $477.3M | $22.7B | ||
| Q2 24 | $483.9M | $22.3B | ||
| Q1 24 | $376.7M | $20.8B |
负债/权益比ABXCG
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $-7.6M | $-1.2B |
| 自由现金流率自由现金流/营收 | -10.5% | -65.1% |
| 资本支出强度资本支出/营收 | 0.2% | 2.2% |
| 现金转化率经营现金流/净利润 | -1.03× | -3.34× |
| 过去12个月自由现金流最近4个季度 | $-26.6M | $-3.4B |
8季度趋势，按日历期对齐
经营现金流ABXCG
| Q4 25 | $-7.4M | $-1.2B | ||
| Q3 25 | $-32.8M | $-1.6B | ||
| Q2 25 | $76.1M | $-168.8M | ||
| Q1 25 | $-61.6M | $-352.1M | ||
| Q4 24 | $-92.0M | $-352.8M | ||
| Q3 24 | $-52.3M | $791.9M | ||
| Q2 24 | $-67.1M | $-1.3B | ||
| Q1 24 | $2.5M | $71.1M |
自由现金流ABXCG
| Q4 25 | $-7.6M | $-1.2B | ||
| Q3 25 | $-32.9M | $-1.6B | ||
| Q2 25 | $75.7M | $-186.3M | ||
| Q1 25 | $-61.8M | $-368.8M | ||
| Q4 24 | $-92.2M | $-379.5M | ||
| Q3 24 | $-52.5M | $772.8M | ||
| Q2 24 | $-67.2M | $-1.3B | ||
| Q1 24 | $2.4M | $56.9M |
自由现金流率ABXCG
| Q4 25 | -10.5% | -65.1% | ||
| Q3 25 | -52.3% | -475.7% | ||
| Q2 25 | 134.6% | -11.8% | ||
| Q1 25 | -140.0% | -37.9% | ||
| Q4 24 | -277.5% | -36.8% | ||
| Q3 24 | -186.6% | 29.3% | ||
| Q2 24 | -231.3% | -120.4% | ||
| Q1 24 | 10.9% | 8.3% |
资本支出强度ABXCG
| Q4 25 | 0.2% | 2.2% | ||
| Q3 25 | 0.3% | 7.0% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 0.6% | 2.6% | ||
| Q3 24 | 0.9% | 0.7% | ||
| Q2 24 | 0.7% | 1.7% | ||
| Q1 24 | 0.8% | 2.1% |
现金转化率ABXCG
| Q4 25 | -1.03× | -3.34× | ||
| Q3 25 | -4.63× | -1732.78× | ||
| Q2 25 | 4.33× | -0.53× | ||
| Q1 25 | -13.28× | -2.71× | ||
| Q4 24 | — | -1.67× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | -87.09× | -8.57× | ||
| Q1 24 | — | 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
ABX
| Life Solutions Segment | $63.0M | 88% |
| Asset Management Segment | $8.7M | 12% |
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% |
