vs
阿卡迈（AKAM）与拉扎德（LAZ）财务数据对比。点击上方公司名可切换其他公司
阿卡迈的季度营收约是拉扎德的1.2倍（$1.1B vs $929.4M），阿卡迈净利率更高（7.8% vs 5.4%，领先2.4%），拉扎德同比增速更快（10.8% vs 7.4%），拉扎德自由现金流更多（$396.1M vs $234.9M），过去两年拉扎德的营收复合增速更高（8.8% vs 5.3%）
阿卡迈是全球领先的云服务提供商，业务覆盖美国及全球其他地区，可为客户提供内容与商业应用的安全防护、分发及性能优化服务。其云解决方案能保障基础设施、网站、应用、API及用户免受各类网络攻击，同时提升运行效率，还可针对动态网站、应用及媒体场景提供Web与移动端性能优化方案。
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
AKAM vs LAZ — 直观对比
营收规模更大
AKAM
是对方的1.2倍
$929.4M
营收增速更快
LAZ
高出3.4%
7.4%
净利率更高
AKAM
高出2.4%
5.4%
自由现金流更多
LAZ
多$161.2M
$234.9M
两年增速更快
LAZ
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $929.4M |
| 净利润 | $85.1M | $49.9M |
| 毛利率 | 58.7% | — |
| 营业利润率 | 8.7% | 9.1% |
| 净利率 | 7.8% | 5.4% |
| 营收同比 | 7.4% | 10.8% |
| 净利润同比 | -39.2% | -42.2% |
| 每股收益（稀释后） | $0.57 | $0.44 |
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AKAMLAZ
| Q4 25 | $1.1B | $929.4M | ||
| Q3 25 | $1.1B | $770.8M | ||
| Q2 25 | $1.0B | $817.2M | ||
| Q1 25 | $1.0B | $669.2M | ||
| Q4 24 | $1.0B | $839.0M | ||
| Q3 24 | $1.0B | $807.4M | ||
| Q2 24 | $979.6M | $708.0M | ||
| Q1 24 | $987.0M | $785.5M |
净利润AKAMLAZ
| Q4 25 | $85.1M | $49.9M | ||
| Q3 25 | $140.2M | $71.2M | ||
| Q2 25 | $103.6M | $55.3M | ||
| Q1 25 | $123.2M | $60.4M | ||
| Q4 24 | $139.9M | $86.3M | ||
| Q3 24 | $57.9M | $107.9M | ||
| Q2 24 | $131.7M | $49.9M | ||
| Q1 24 | $175.4M | $35.8M |
毛利率AKAMLAZ
| Q4 25 | 58.7% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.1% | — | ||
| Q1 25 | 58.7% | — | ||
| Q4 24 | 59.4% | — | ||
| Q3 24 | 59.3% | — | ||
| Q2 24 | 58.9% | — | ||
| Q1 24 | 60.0% | — |
营业利润率AKAMLAZ
| Q4 25 | 8.7% | 9.1% | ||
| Q3 25 | 15.7% | 12.3% | ||
| Q2 25 | 14.5% | 11.4% | ||
| Q1 25 | 15.2% | 8.2% | ||
| Q4 24 | 14.5% | 12.8% | ||
| Q3 24 | 7.0% | 20.0% | ||
| Q2 24 | 15.1% | 9.0% | ||
| Q1 24 | 16.9% | 6.9% |
净利率AKAMLAZ
| Q4 25 | 7.8% | 5.4% | ||
| Q3 25 | 13.3% | 9.2% | ||
| Q2 25 | 9.9% | 6.8% | ||
| Q1 25 | 12.1% | 9.0% | ||
| Q4 24 | 13.7% | 10.3% | ||
| Q3 24 | 5.8% | 13.4% | ||
| Q2 24 | 13.4% | 7.0% | ||
| Q1 24 | 17.8% | 4.6% |
每股收益（稀释后）AKAMLAZ
| Q4 25 | $0.57 | $0.44 | ||
| Q3 25 | $0.97 | $0.65 | ||
| Q2 25 | $0.71 | $0.52 | ||
| Q1 25 | $0.82 | $0.56 | ||
| Q4 24 | $0.92 | $0.82 | ||
| Q3 24 | $0.38 | $1.02 | ||
| Q2 24 | $0.86 | $0.49 | ||
| Q1 24 | $1.11 | $0.35 |
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 | $1.2B | $1.5B |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $5.0B | $873.7M |
| 总资产 | $11.5B | $4.9B |
| 负债/权益比越低杠杆越低 | — | 1.93× |
8季度趋势，按日历期对齐
现金及短期投资AKAMLAZ
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $966.6M | $978.3M | ||
| Q1 25 | $1.3B | $908.6M | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.6B | $847.6M | ||
| Q1 24 | $1.7B | $923.2M |
总债务AKAMLAZ
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
股东权益AKAMLAZ
| Q4 25 | $5.0B | $873.7M | ||
| Q3 25 | $4.7B | $841.5M | ||
| Q2 25 | $4.5B | $741.6M | ||
| Q1 25 | $4.6B | $603.0M | ||
| Q4 24 | $4.9B | $636.2M | ||
| Q3 24 | $4.8B | $624.3M | ||
| Q2 24 | $4.8B | $458.7M | ||
| Q1 24 | $4.6B | $392.7M |
总资产AKAMLAZ
| Q4 25 | $11.5B | $4.9B | ||
| Q3 25 | $10.8B | $4.6B | ||
| Q2 25 | $10.5B | $4.5B | ||
| Q1 25 | $10.0B | $4.2B | ||
| Q4 24 | $10.4B | $4.8B | ||
| Q3 24 | $10.2B | $4.8B | ||
| Q2 24 | $10.1B | $4.5B | ||
| Q1 24 | $9.9B | $4.6B |
负债/权益比AKAMLAZ
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 2.01× | ||
| Q2 25 | — | 2.28× | ||
| Q1 25 | — | 2.80× | ||
| Q4 24 | — | 2.65× | ||
| Q3 24 | — | 2.97× | ||
| Q2 24 | — | 4.04× | ||
| Q1 24 | — | 4.71× |
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 | $366.6M | $399.7M |
| 自由现金流经营现金流 - 资本支出 | $234.9M | $396.1M |
| 自由现金流率自由现金流/营收 | 21.5% | 42.6% |
| 资本支出强度资本支出/营收 | 12.0% | 0.4% |
| 现金转化率经营现金流/净利润 | 4.31× | 8.02× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $487.4M |
8季度趋势，按日历期对齐
经营现金流AKAMLAZ
| Q4 25 | $366.6M | $399.7M | ||
| Q3 25 | $441.8M | $287.5M | ||
| Q2 25 | $459.1M | $49.7M | ||
| Q1 25 | $251.2M | $-217.5M | ||
| Q4 24 | $343.8M | $362.9M | ||
| Q3 24 | $392.5M | $293.7M | ||
| Q2 24 | $431.0M | $176.2M | ||
| Q1 24 | $351.9M | $-90.0M |
自由现金流AKAMLAZ
| Q4 25 | $234.9M | $396.1M | ||
| Q3 25 | $329.1M | $284.6M | ||
| Q2 25 | $313.6M | $38.0M | ||
| Q1 25 | $133.4M | $-231.3M | ||
| Q4 24 | $250.9M | $348.0M | ||
| Q3 24 | $279.7M | $276.2M | ||
| Q2 24 | $340.0M | $169.8M | ||
| Q1 24 | $258.1M | $-96.6M |
自由现金流率AKAMLAZ
| Q4 25 | 21.5% | 42.6% | ||
| Q3 25 | 31.2% | 36.9% | ||
| Q2 25 | 30.1% | 4.6% | ||
| Q1 25 | 13.1% | -34.6% | ||
| Q4 24 | 24.6% | 41.5% | ||
| Q3 24 | 27.8% | 34.2% | ||
| Q2 24 | 34.7% | 24.0% | ||
| Q1 24 | 26.2% | -12.3% |
资本支出强度AKAMLAZ
| Q4 25 | 12.0% | 0.4% | ||
| Q3 25 | 10.7% | 0.4% | ||
| Q2 25 | 13.9% | 1.4% | ||
| Q1 25 | 11.6% | 2.1% | ||
| Q4 24 | 9.1% | 1.8% | ||
| Q3 24 | 11.2% | 2.2% | ||
| Q2 24 | 9.3% | 0.9% | ||
| Q1 24 | 9.5% | 0.8% |
现金转化率AKAMLAZ
| Q4 25 | 4.31× | 8.02× | ||
| Q3 25 | 3.15× | 4.03× | ||
| Q2 25 | 4.43× | 0.90× | ||
| Q1 25 | 2.04× | -3.60× | ||
| Q4 24 | 2.46× | 4.20× | ||
| Q3 24 | 6.78× | 2.72× | ||
| Q2 24 | 3.27× | 3.53× | ||
| Q1 24 | 2.01× | -2.52× |
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
AKAM
| Security | $592.4M | 54% |
| Delivery | $311.1M | 28% |
| Cloud Computing | $191.4M | 17% |
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
