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AlTi Global, Inc.（ALTI）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AlTi Global, Inc.的8.3倍（$717.1M vs $86.6M）。华利安净利率更高（16.3% vs -15.1%，领先31.4%）。AlTi Global, Inc.同比增速更快（87.0% vs 13.0%）。过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs 17.4%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
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。
ALTI vs HLI — 直观对比
营收规模更大
HLI
是对方的8.3倍
$86.6M
营收增速更快
ALTI
高出74.0%
13.0%
净利率更高
HLI
高出31.4%
-15.1%
两年增速更快
ALTI
近两年复合增速
17.4%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $717.1M |
| 净利润 | $-13.1M | $116.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | -2.1% | 22.4% |
| 净利率 | -15.1% | 16.3% |
| 营收同比 | 87.0% | 13.0% |
| 净利润同比 | 75.6% | 22.3% |
| 每股收益（稀释后） | — | $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ALTIHLI
| Q4 25 | $86.6M | $717.1M | ||
| Q3 25 | $57.2M | $659.5M | ||
| Q2 25 | $53.1M | $605.3M | ||
| Q1 25 | $58.0M | $666.4M | ||
| Q4 24 | $46.3M | $634.4M | ||
| Q3 24 | $51.8M | $575.0M | ||
| Q2 24 | $49.5M | $513.6M | ||
| Q1 24 | $50.8M | $520.5M |
净利润ALTIHLI
| Q4 25 | $-13.1M | $116.5M | ||
| Q3 25 | $-84.1M | $111.8M | ||
| Q2 25 | $-24.4M | $97.5M | ||
| Q1 25 | $1.9M | $121.9M | ||
| Q4 24 | $-53.8M | $95.3M | ||
| Q3 24 | $-72.5M | $93.5M | ||
| Q2 24 | $-6.4M | $88.9M | ||
| Q1 24 | $29.7M | $81.1M |
毛利率ALTIHLI
| Q4 25 | — | 32.2% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | — | 33.0% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 30.3% |
营业利润率ALTIHLI
| Q4 25 | -2.1% | 22.4% | ||
| Q3 25 | -49.8% | 22.9% | ||
| Q2 25 | -56.7% | 14.8% | ||
| Q1 25 | -23.3% | 20.9% | ||
| Q4 24 | -42.7% | 21.5% | ||
| Q3 24 | -18.4% | 22.7% | ||
| Q2 24 | -30.2% | 18.6% | ||
| Q1 24 | -28.9% | 19.7% |
净利率ALTIHLI
| Q4 25 | -15.1% | 16.3% | ||
| Q3 25 | -147.0% | 17.0% | ||
| Q2 25 | -45.9% | 16.1% | ||
| Q1 25 | 3.3% | 18.3% | ||
| Q4 24 | -116.1% | 15.0% | ||
| Q3 24 | -140.0% | 16.3% | ||
| Q2 24 | -12.9% | 17.3% | ||
| Q1 24 | 58.4% | 15.6% |
每股收益（稀释后）ALTIHLI
| Q4 25 | — | $1.70 | ||
| Q3 25 | — | $1.63 | ||
| Q2 25 | $-0.33 | $1.42 | ||
| Q1 25 | $-0.04 | $1.76 | ||
| Q4 24 | $-0.71 | $1.39 | ||
| Q3 24 | $-0.88 | $1.37 | ||
| Q2 24 | $-0.18 | $1.30 | ||
| Q1 24 | $0.18 | $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 | $41.2M | $1.1B |
| 总债务越低越好 | $883.0K | — |
| 股东权益账面价值 | $600.1M | $2.3B |
| 总资产 | $1.2B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资ALTIHLI
| Q4 25 | $41.2M | $1.1B | ||
| Q3 25 | $35.8M | $923.6M | ||
| Q2 25 | $42.4M | $793.8M | ||
| Q1 25 | $52.8M | $971.0M | ||
| Q4 24 | $64.4M | $799.3M | ||
| Q3 24 | $220.6M | $691.4M | ||
| Q2 24 | $60.0M | $449.7M | ||
| Q1 24 | $134.2M | $721.2M |
总债务ALTIHLI
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
股东权益ALTIHLI
| Q4 25 | $600.1M | $2.3B | ||
| Q3 25 | $607.2M | $2.2B | ||
| Q2 25 | $685.4M | $2.2B | ||
| Q1 25 | $665.2M | $2.2B | ||
| Q4 24 | $658.4M | $2.1B | ||
| Q3 24 | $707.0M | $2.0B | ||
| Q2 24 | $540.2M | $1.8B | ||
| Q1 24 | $510.9M | $1.8B |
总资产ALTIHLI
| Q4 25 | $1.2B | $3.9B | ||
| Q3 25 | $1.2B | $3.8B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.2B | $3.8B | ||
| Q4 24 | $1.3B | $3.5B | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.3B | $2.9B | ||
| Q1 24 | $1.3B | $3.2B |
负债/权益比ALTIHLI
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | — | $217.7M |
| 自由现金流经营现金流 - 资本支出 | — | $217.0M |
| 自由现金流率自由现金流/营收 | — | 30.3% |
| 资本支出强度资本支出/营收 | 0.0% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | $738.9M |
8季度趋势，按日历期对齐
经营现金流ALTIHLI
| Q4 25 | — | $217.7M | ||
| Q3 25 | — | $325.0M | ||
| Q2 25 | $-19.9M | $-131.6M | ||
| Q1 25 | $-30.2M | $358.4M | ||
| Q4 24 | $-56.0K | $265.5M | ||
| Q3 24 | $-4.9M | $289.2M | ||
| Q2 24 | $-30.2M | $-64.5M | ||
| Q1 24 | $-15.5M | $225.3M |
自由现金流ALTIHLI
| Q4 25 | — | $217.0M | ||
| Q3 25 | — | $322.8M | ||
| Q2 25 | $-20.0M | $-144.8M | ||
| Q1 25 | $-31.0M | $343.9M | ||
| Q4 24 | $-1.8M | $261.7M | ||
| Q3 24 | $-9.4M | $278.7M | ||
| Q2 24 | $-31.2M | $-75.4M | ||
| Q1 24 | $-15.7M | $213.1M |
自由现金流率ALTIHLI
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 49.0% | ||
| Q2 25 | -37.6% | -23.9% | ||
| Q1 25 | -53.4% | 51.6% | ||
| Q4 24 | -4.0% | 41.2% | ||
| Q3 24 | -18.2% | 48.5% | ||
| Q2 24 | -63.2% | -14.7% | ||
| Q1 24 | -30.9% | 40.9% |
资本支出强度ALTIHLI
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | 2.2% | ||
| Q1 25 | 1.3% | 2.2% | ||
| Q4 24 | 3.9% | 0.6% | ||
| Q3 24 | 8.7% | 1.8% | ||
| Q2 24 | 2.2% | 2.1% | ||
| Q1 24 | 0.4% | 2.3% |
现金转化率ALTIHLI
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 2.91× | ||
| Q2 25 | — | -1.35× | ||
| Q1 25 | -15.80× | 2.94× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 3.09× | ||
| Q2 24 | — | -0.73× | ||
| Q1 24 | -0.52× | 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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
