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安朗杰（ALLE）与Graham Holdings Co（GHC）财务数据对比。点击上方公司名可切换其他公司
Graham Holdings Co的季度营收约是安朗杰的1.2倍（$1.3B vs $1.0B），安朗杰净利率更高（13.4% vs 8.7%，领先4.7%），安朗杰同比增速更快（9.7% vs 0.4%），过去两年Graham Holdings Co的营收复合增速更高（4.2% vs 3.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
ALLE vs GHC — 直观对比
营收规模更大
GHC
是对方的1.2倍
$1.0B
营收增速更快
ALLE
高出9.3%
0.4%
净利率更高
ALLE
高出4.7%
8.7%
两年增速更快
GHC
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $138.1M | $108.7M |
| 毛利率 | 44.0% | — |
| 营业利润率 | 18.9% | 3.8% |
| 净利率 | 13.4% | 8.7% |
| 营收同比 | 9.7% | 0.4% |
| 净利润同比 | -6.8% | -80.2% |
| 每股收益（稀释后） | — | $24.76 |
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ALLEGHC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $941.9M | $1.2B | ||
| Q4 24 | $945.6M | $1.2B | ||
| Q3 24 | $967.1M | $1.2B | ||
| Q2 24 | $965.6M | $1.2B |
净利润ALLEGHC
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $108.7M | ||
| Q3 25 | $188.4M | $122.9M | ||
| Q2 25 | $159.7M | $36.7M | ||
| Q1 25 | $148.2M | $23.9M | ||
| Q4 24 | $144.1M | $548.8M | ||
| Q3 24 | $174.2M | $72.5M | ||
| Q2 24 | $155.4M | $-21.0M |
毛利率ALLEGHC
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 44.9% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — |
营业利润率ALLEGHC
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | 3.8% | ||
| Q3 25 | 21.8% | 5.2% | ||
| Q2 25 | 21.5% | 6.0% | ||
| Q1 25 | 20.9% | 4.1% | ||
| Q4 24 | 19.5% | 5.8% | ||
| Q3 24 | 22.2% | 6.8% | ||
| Q2 24 | 21.6% | 2.2% |
净利率ALLEGHC
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | 8.7% | ||
| Q3 25 | 17.6% | 9.6% | ||
| Q2 25 | 15.6% | 3.0% | ||
| Q1 25 | 15.7% | 2.0% | ||
| Q4 24 | 15.2% | 44.1% | ||
| Q3 24 | 18.0% | 6.0% | ||
| Q2 24 | 16.1% | -1.8% |
每股收益（稀释后）ALLEGHC
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $24.76 | ||
| Q3 25 | $2.18 | $27.91 | ||
| Q2 25 | $1.85 | $8.35 | ||
| Q1 25 | $1.71 | $5.45 | ||
| Q4 24 | $1.65 | $124.05 | ||
| Q3 24 | $1.99 | $16.42 | ||
| Q2 24 | $1.77 | $-4.79 |
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 | $308.9M | $267.0M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.1B | $4.8B |
| 总资产 | $5.3B | $8.4B |
| 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ALLEGHC
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | $267.0M | ||
| Q3 25 | $302.7M | $190.8M | ||
| Q2 25 | $656.8M | $176.2M | ||
| Q1 25 | $494.5M | $156.7M | ||
| Q4 24 | $503.8M | $260.9M | ||
| Q3 24 | $878.9M | $244.4M | ||
| Q2 24 | $747.5M | $140.7M |
总债务ALLEGHC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
股东权益ALLEGHC
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $4.8B | ||
| Q3 25 | $1.9B | $4.5B | ||
| Q2 25 | $1.8B | $4.4B | ||
| Q1 25 | $1.6B | $4.3B | ||
| Q4 24 | $1.5B | $4.3B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.4B | $4.0B |
总资产ALLEGHC
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $8.4B | ||
| Q3 25 | $5.2B | $7.9B | ||
| Q2 25 | $4.9B | $7.6B | ||
| Q1 25 | $4.6B | $7.6B | ||
| Q4 24 | $4.5B | $7.7B | ||
| Q3 24 | $5.0B | $7.4B | ||
| Q2 24 | $4.8B | $7.2B |
负债/权益比ALLEGHC
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — |
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 | $101.3M | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $5.0M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | 2.0% | 1.9% |
| 现金转化率经营现金流/净利润 | 0.73× | 0.26× |
| 过去12个月自由现金流最近4个季度 | — | $275.3M |
8季度趋势，按日历期对齐
经营现金流ALLEGHC
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $28.3M | ||
| Q3 25 | $229.5M | $178.1M | ||
| Q2 25 | $209.7M | $94.8M | ||
| Q1 25 | $104.5M | $46.0M | ||
| Q4 24 | $219.0M | $116.3M | ||
| Q3 24 | $231.9M | $237.6M | ||
| Q2 24 | $173.0M | $52.0M |
自由现金流ALLEGHC
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $5.0M | ||
| Q3 25 | $209.8M | $161.8M | ||
| Q2 25 | $192.0M | $78.0M | ||
| Q1 25 | $83.4M | $30.5M | ||
| Q4 24 | $194.9M | $91.1M | ||
| Q3 24 | $212.0M | $219.4M | ||
| Q2 24 | $152.1M | $33.7M |
自由现金流率ALLEGHC
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 0.4% | ||
| Q3 25 | 19.6% | 12.6% | ||
| Q2 25 | 18.8% | 6.4% | ||
| Q1 25 | 8.9% | 2.6% | ||
| Q4 24 | 20.6% | 7.3% | ||
| Q3 24 | 21.9% | 18.2% | ||
| Q2 24 | 15.8% | 2.8% |
资本支出强度ALLEGHC
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 1.9% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 1.7% | 1.4% | ||
| Q1 25 | 2.2% | 1.3% | ||
| Q4 24 | 2.5% | 2.0% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 2.2% | 1.5% |
现金转化率ALLEGHC
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 0.26× | ||
| Q3 25 | 1.22× | 1.45× | ||
| Q2 25 | 1.31× | 2.58× | ||
| Q1 25 | 0.71× | 1.93× | ||
| Q4 24 | 1.52× | 0.21× | ||
| Q3 24 | 1.33× | 3.28× | ||
| Q2 24 | 1.11× | — |
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
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
