vs
Abacus Global Management, Inc.（ABX）与华利安（HLI）财务数据对比。点击上方公司名可切换其他公司
华利安的季度营收约是Abacus Global Management, Inc.的10.0倍（$717.1M vs $71.9M）。华利安净利率更高（16.3% vs 10.1%，领先6.2%）。Abacus Global Management, Inc.同比增速更快（116.5% vs 13.0%）。华利安自由现金流更多（$217.0M vs $-7.6M）。过去两年Abacus Global Management, Inc.的营收复合增速更高（82.9% vs 17.4%）
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。
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
ABX vs HLI — 直观对比
营收规模更大
HLI
是对方的10.0倍
$71.9M
营收增速更快
ABX
高出103.5%
13.0%
净利率更高
HLI
高出6.2%
10.1%
自由现金流更多
HLI
多$224.6M
$-7.6M
两年增速更快
ABX
近两年复合增速
17.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $71.9M | $717.1M |
| 净利润 | $7.2M | $116.5M |
| 毛利率 | 88.8% | 32.2% |
| 营业利润率 | 31.7% | 22.4% |
| 净利率 | 10.1% | 16.3% |
| 营收同比 | 116.5% | 13.0% |
| 净利润同比 | 139.6% | 22.3% |
| 每股收益（稀释后） | $0.06 | $1.70 |
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ABXHLI
| Q4 25 | $71.9M | $717.1M | ||
| Q3 25 | $63.0M | $659.5M | ||
| Q2 25 | $56.2M | $605.3M | ||
| Q1 25 | $44.1M | $666.4M | ||
| Q4 24 | $33.2M | $634.4M | ||
| Q3 24 | $28.1M | $575.0M | ||
| Q2 24 | $29.1M | $513.6M | ||
| Q1 24 | $21.5M | $520.5M |
净利润ABXHLI
| Q4 25 | $7.2M | $116.5M | ||
| Q3 25 | $7.1M | $111.8M | ||
| Q2 25 | $17.6M | $97.5M | ||
| Q1 25 | $4.6M | $121.9M | ||
| Q4 24 | $-18.3M | $95.3M | ||
| Q3 24 | $-5.1M | $93.5M | ||
| Q2 24 | $770.0K | $88.9M | ||
| Q1 24 | $-1.3M | $81.1M |
毛利率ABXHLI
| Q4 25 | 88.8% | 32.2% | ||
| Q3 25 | 87.8% | 33.8% | ||
| Q2 25 | 89.2% | 31.0% | ||
| Q1 25 | 83.9% | 33.9% | ||
| Q4 24 | 88.8% | 31.4% | ||
| Q3 24 | 92.2% | 33.0% | ||
| Q2 24 | 90.6% | 30.6% | ||
| Q1 24 | 87.3% | 30.3% |
营业利润率ABXHLI
| Q4 25 | 31.7% | 22.4% | ||
| Q3 25 | 35.6% | 22.9% | ||
| Q2 25 | 40.1% | 14.8% | ||
| Q1 25 | 47.6% | 20.9% | ||
| Q4 24 | -50.5% | 21.5% | ||
| Q3 24 | 24.3% | 22.7% | ||
| Q2 24 | 23.3% | 18.6% | ||
| Q1 24 | 10.5% | 19.7% |
净利率ABXHLI
| Q4 25 | 10.1% | 16.3% | ||
| Q3 25 | 11.2% | 17.0% | ||
| Q2 25 | 31.3% | 16.1% | ||
| Q1 25 | 10.5% | 18.3% | ||
| Q4 24 | -55.0% | 15.0% | ||
| Q3 24 | -18.2% | 16.3% | ||
| Q2 24 | 2.6% | 17.3% | ||
| Q1 24 | -6.3% | 15.6% |
每股收益（稀释后）ABXHLI
| Q4 25 | $0.06 | $1.70 | ||
| Q3 25 | $0.07 | $1.63 | ||
| Q2 25 | $0.18 | $1.42 | ||
| Q1 25 | $0.05 | $1.76 | ||
| Q4 24 | $-0.26 | $1.39 | ||
| Q3 24 | $-0.07 | $1.37 | ||
| Q2 24 | $0.01 | $1.30 | ||
| Q1 24 | $-0.02 | $1.18 |
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 | $1.1B |
| 总债务越低越好 | $405.8M | — |
| 股东权益账面价值 | $418.5M | $2.3B |
| 总资产 | $902.2M | $3.9B |
| 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ABXHLI
| Q4 25 | $38.1M | $1.1B | ||
| Q3 25 | $86.4M | $923.6M | ||
| Q2 25 | $74.8M | $793.8M | ||
| Q1 25 | $43.8M | $971.0M | ||
| Q4 24 | $131.9M | $799.3M | ||
| Q3 24 | $19.4M | $691.4M | ||
| Q2 24 | $91.3M | $449.7M | ||
| Q1 24 | $65.4M | $721.2M |
总债务ABXHLI
| 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ABXHLI
| Q4 25 | $418.5M | $2.3B | ||
| Q3 25 | $434.6M | $2.2B | ||
| Q2 25 | $416.5M | $2.2B | ||
| Q1 25 | $430.6M | $2.2B | ||
| Q4 24 | $423.3M | $2.1B | ||
| Q3 24 | $257.9M | $2.0B | ||
| Q2 24 | $256.8M | $1.8B | ||
| Q1 24 | $165.3M | $1.8B |
总资产ABXHLI
| Q4 25 | $902.2M | $3.9B | ||
| Q3 25 | $918.9M | $3.8B | ||
| Q2 25 | $848.4M | $3.5B | ||
| Q1 25 | $856.5M | $3.8B | ||
| Q4 24 | $874.2M | $3.5B | ||
| Q3 24 | $477.3M | $3.2B | ||
| Q2 24 | $483.9M | $2.9B | ||
| Q1 24 | $376.7M | $3.2B |
负债/权益比ABXHLI
| 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 | $217.7M |
| 自由现金流经营现金流 - 资本支出 | $-7.6M | $217.0M |
| 自由现金流率自由现金流/营收 | -10.5% | 30.3% |
| 资本支出强度资本支出/营收 | 0.2% | 0.1% |
| 现金转化率经营现金流/净利润 | -1.03× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $-26.6M | $738.9M |
8季度趋势，按日历期对齐
经营现金流ABXHLI
| Q4 25 | $-7.4M | $217.7M | ||
| Q3 25 | $-32.8M | $325.0M | ||
| Q2 25 | $76.1M | $-131.6M | ||
| Q1 25 | $-61.6M | $358.4M | ||
| Q4 24 | $-92.0M | $265.5M | ||
| Q3 24 | $-52.3M | $289.2M | ||
| Q2 24 | $-67.1M | $-64.5M | ||
| Q1 24 | $2.5M | $225.3M |
自由现金流ABXHLI
| Q4 25 | $-7.6M | $217.0M | ||
| Q3 25 | $-32.9M | $322.8M | ||
| Q2 25 | $75.7M | $-144.8M | ||
| Q1 25 | $-61.8M | $343.9M | ||
| Q4 24 | $-92.2M | $261.7M | ||
| Q3 24 | $-52.5M | $278.7M | ||
| Q2 24 | $-67.2M | $-75.4M | ||
| Q1 24 | $2.4M | $213.1M |
自由现金流率ABXHLI
| Q4 25 | -10.5% | 30.3% | ||
| Q3 25 | -52.3% | 49.0% | ||
| Q2 25 | 134.6% | -23.9% | ||
| Q1 25 | -140.0% | 51.6% | ||
| Q4 24 | -277.5% | 41.2% | ||
| Q3 24 | -186.6% | 48.5% | ||
| Q2 24 | -231.3% | -14.7% | ||
| Q1 24 | 10.9% | 40.9% |
资本支出强度ABXHLI
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | 0.6% | 0.6% | ||
| Q3 24 | 0.9% | 1.8% | ||
| Q2 24 | 0.7% | 2.1% | ||
| Q1 24 | 0.8% | 2.3% |
现金转化率ABXHLI
| Q4 25 | -1.03× | 1.87× | ||
| Q3 25 | -4.63× | 2.91× | ||
| Q2 25 | 4.33× | -1.35× | ||
| Q1 25 | -13.28× | 2.94× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 3.09× | ||
| Q2 24 | -87.09× | -0.73× | ||
| Q1 24 | — | 2.78× |
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% |
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
