vs
Arthur J. Gallagher & Co.（AJG）与Defi Technologies, Inc.（DEFT）财务数据对比。点击上方公司名可切换其他公司
Arthur J. Gallagher & Co.的季度营收约是Defi Technologies, Inc.的70.7倍（$3.6B vs $51.3M）
Arthur J. Gallagher & Co.（简称Gallagher）是总部位于美国伊利诺伊州芝加哥郊区罗林梅多斯的保险经纪及风险管理服务提供商，核心业务涵盖保险经纪、风险管理服务，还依托自有理赔师团队处理工伤赔偿、机动车保险理赔等相关业务，在全球保险服务领域拥有较高知名度。
Defi Technologies Inc.是一家专注于去中心化金融（DeFi）与Web3领域的金融科技企业，为机构和零售客户提供数字资产投资渠道，开发区块链基础设施解决方案，管理DeFi相关资产及Web3初创企业投资组合，业务覆盖北美、欧洲及亚太市场。
AJG vs DEFT — 直观对比
营收规模更大
AJG
是对方的70.7倍
$51.3M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $51.3M |
| 净利润 | $151.1M | — |
| 毛利率 | — | — |
| 营业利润率 | 5.0% | -3.1% |
| 净利率 | 4.2% | — |
| 营收同比 | 33.6% | — |
| 净利润同比 | -41.5% | — |
| 每股收益（稀释后） | $0.58 | $-0.01 |
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AJGDEFT
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.4B | $21.8M | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $3.3B | — |
净利润AJGDEFT
| Q4 25 | $151.1M | — | ||
| Q3 25 | $272.7M | — | ||
| Q2 25 | $365.8M | — | ||
| Q1 25 | $704.4M | — | ||
| Q4 24 | $258.3M | — | ||
| Q3 24 | $312.6M | — | ||
| Q2 24 | $283.4M | — | ||
| Q1 24 | $608.4M | — |
营业利润率AJGDEFT
| Q4 25 | 5.0% | — | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 12.3% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | 23.7% | — |
净利率AJGDEFT
| Q4 25 | 4.2% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 18.9% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 18.7% | — |
每股收益（稀释后）AJGDEFT
| Q4 25 | $0.58 | — | ||
| Q3 25 | $1.04 | $0.08 | ||
| Q2 25 | $1.40 | — | ||
| Q1 25 | $2.72 | — | ||
| Q4 24 | $1.10 | — | ||
| Q3 24 | $1.39 | — | ||
| Q2 24 | $1.27 | — | ||
| Q1 24 | $2.74 | — |
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 | — | — |
| 总债务越低越好 | $12.9B | — |
| 股东权益账面价值 | $23.3B | — |
| 总资产 | $70.7B | — |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
总债务AJGDEFT
| Q4 25 | $12.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $23.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AJGDEFT
| Q4 25 | $23.3B | — | ||
| Q3 25 | $23.2B | — | ||
| Q2 25 | $23.0B | — | ||
| Q1 25 | $22.3B | — | ||
| Q4 24 | $20.2B | — | ||
| Q3 24 | $12.2B | — | ||
| Q2 24 | $11.6B | — | ||
| Q1 24 | $11.3B | — |
总资产AJGDEFT
| Q4 25 | $70.7B | — | ||
| Q3 25 | $79.1B | — | ||
| Q2 25 | $80.1B | — | ||
| Q1 25 | $74.1B | — | ||
| Q4 24 | $64.3B | — | ||
| Q3 24 | $57.2B | — | ||
| Q2 24 | $63.0B | — | ||
| Q1 24 | $61.0B | — |
负债/权益比AJGDEFT
| Q4 25 | 0.55× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $753.0M | $-17.9M |
| 自由现金流经营现金流 - 资本支出 | $713.4M | — |
| 自由现金流率自由现金流/营收 | 19.7% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 4.98× | — |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流AJGDEFT
| Q4 25 | $753.0M | — | ||
| Q3 25 | $731.3M | $-27.1M | ||
| Q2 25 | $-426.1M | — | ||
| Q1 25 | $871.8M | — | ||
| Q4 24 | $739.3M | — | ||
| Q3 24 | $934.8M | — | ||
| Q2 24 | $119.5M | — | ||
| Q1 24 | $789.3M | — |
自由现金流AJGDEFT
| Q4 25 | $713.4M | — | ||
| Q3 25 | $693.5M | — | ||
| Q2 25 | $-465.5M | — | ||
| Q1 25 | $843.6M | — | ||
| Q4 24 | $695.7M | — | ||
| Q3 24 | $898.0M | — | ||
| Q2 24 | $87.7M | — | ||
| Q1 24 | $759.6M | — |
自由现金流率AJGDEFT
| Q4 25 | 19.7% | — | ||
| Q3 25 | 20.6% | — | ||
| Q2 25 | -14.5% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 32.0% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 23.3% | — |
资本支出强度AJGDEFT
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.1% | — | ||
| Q1 24 | 0.9% | — |
现金转化率AJGDEFT
| Q4 25 | 4.98× | — | ||
| Q3 25 | 2.68× | — | ||
| Q2 25 | -1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 2.86× | — | ||
| Q3 24 | 2.99× | — | ||
| Q2 24 | 0.42× | — | ||
| Q1 24 | 1.30× | — |
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
AJG
| Commissions | $2.1B | 57% |
| Broker Fees | $1.2B | 33% |
| Supplemental Revenue | $131.7M | 4% |
| Investment Performance | $121.8M | 3% |
| Contingent Revenue | $83.0M | 2% |
DEFT
| Revenues from realized and net change in unrealized gains (losses) | $29.3M | 57% |
| Staking and lending income | $16.8M | 33% |
| Management fees | $4.4M | 9% |
| Research revenue | $813.8K | 2% |
