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AlTi Global, Inc.（ALTI）与BLUE OWL CAPITAL INC.（OWL）财务数据对比。点击上方公司名可切换其他公司
BLUE OWL CAPITAL INC.的季度营收约是AlTi Global, Inc.的8.7倍（$755.6M vs $86.6M）。BLUE OWL CAPITAL INC.净利率更高（6.3% vs -15.1%，领先21.4%）。AlTi Global, Inc.同比增速更快（87.0% vs 19.7%）。过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs 21.3%）
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。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
ALTI vs OWL — 直观对比
营收规模更大
OWL
是对方的8.7倍
$86.6M
营收增速更快
ALTI
高出67.4%
19.7%
净利率更高
OWL
高出21.4%
-15.1%
两年增速更快
ALTI
近两年复合增速
21.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $755.6M |
| 净利润 | $-13.1M | $47.7M |
| 毛利率 | — | — |
| 营业利润率 | -2.1% | 22.2% |
| 净利率 | -15.1% | 6.3% |
| 营收同比 | 87.0% | 19.7% |
| 净利润同比 | 75.6% | 129.8% |
| 每股收益（稀释后） | — | $0.07 |
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ALTIOWL
| Q4 25 | $86.6M | $755.6M | ||
| Q3 25 | $57.2M | $728.0M | ||
| Q2 25 | $53.1M | $703.1M | ||
| Q1 25 | $58.0M | $683.5M | ||
| Q4 24 | $46.3M | $631.4M | ||
| Q3 24 | $51.8M | $600.9M | ||
| Q2 24 | $49.5M | $549.8M | ||
| Q1 24 | $50.8M | $513.3M |
净利润ALTIOWL
| Q4 25 | $-13.1M | $47.7M | ||
| Q3 25 | $-84.1M | $6.3M | ||
| Q2 25 | $-24.4M | $17.4M | ||
| Q1 25 | $1.9M | $7.4M | ||
| Q4 24 | $-53.8M | $20.7M | ||
| Q3 24 | $-72.5M | $29.8M | ||
| Q2 24 | $-6.4M | $33.9M | ||
| Q1 24 | $29.7M | $25.1M |
营业利润率ALTIOWL
| Q4 25 | -2.1% | 22.2% | ||
| Q3 25 | -49.8% | 7.6% | ||
| Q2 25 | -56.7% | 12.0% | ||
| Q1 25 | -23.3% | 5.9% | ||
| Q4 24 | -42.7% | 11.7% | ||
| Q3 24 | -18.4% | 18.7% | ||
| Q2 24 | -30.2% | 28.4% | ||
| Q1 24 | -28.9% | 24.7% |
净利率ALTIOWL
| Q4 25 | -15.1% | 6.3% | ||
| Q3 25 | -147.0% | 0.9% | ||
| Q2 25 | -45.9% | 2.5% | ||
| Q1 25 | 3.3% | 1.1% | ||
| Q4 24 | -116.1% | 3.3% | ||
| Q3 24 | -140.0% | 5.0% | ||
| Q2 24 | -12.9% | 6.2% | ||
| Q1 24 | 58.4% | 4.9% |
每股收益（稀释后）ALTIOWL
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.01 | ||
| Q2 25 | $-0.33 | $0.02 | ||
| Q1 25 | $-0.04 | $0.00 | ||
| Q4 24 | $-0.71 | $0.06 | ||
| Q3 24 | $-0.88 | $0.04 | ||
| Q2 24 | $-0.18 | $0.06 | ||
| Q1 24 | $0.18 | $0.04 |
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 | $194.5M |
| 总债务越低越好 | $883.0K | $3.3B |
| 股东权益账面价值 | $600.1M | $2.2B |
| 总资产 | $1.2B | $12.5B |
| 负债/权益比越低杠杆越低 | 0.00× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资ALTIOWL
| Q4 25 | $41.2M | $194.5M | ||
| Q3 25 | $35.8M | $137.3M | ||
| Q2 25 | $42.4M | $117.6M | ||
| Q1 25 | $52.8M | $97.6M | ||
| Q4 24 | $64.4M | $152.1M | ||
| Q3 24 | $220.6M | $115.9M | ||
| Q2 24 | $60.0M | $436.8M | ||
| Q1 24 | $134.2M | $155.8M |
总债务ALTIOWL
| Q4 25 | $883.0K | $3.3B | ||
| Q3 25 | $586.0K | $3.2B | ||
| Q2 25 | $673.0K | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $0 | $2.6B | ||
| Q3 24 | $128.4M | $2.5B | ||
| Q2 24 | $164.0M | $2.5B | ||
| Q1 24 | $183.7M | $2.1B |
股东权益ALTIOWL
| Q4 25 | $600.1M | $2.2B | ||
| Q3 25 | $607.2M | $2.3B | ||
| Q2 25 | $685.4M | $2.4B | ||
| Q1 25 | $665.2M | $2.3B | ||
| Q4 24 | $658.4M | $2.1B | ||
| Q3 24 | $707.0M | $2.0B | ||
| Q2 24 | $540.2M | $1.7B | ||
| Q1 24 | $510.9M | $1.6B |
总资产ALTIOWL
| Q4 25 | $1.2B | $12.5B | ||
| Q3 25 | $1.2B | $12.5B | ||
| Q2 25 | $1.2B | $12.3B | ||
| Q1 25 | $1.2B | $12.3B | ||
| Q4 24 | $1.3B | $11.0B | ||
| Q3 24 | $1.4B | $10.8B | ||
| Q2 24 | $1.3B | $9.7B | ||
| Q1 24 | $1.3B | $9.0B |
负债/权益比ALTIOWL
| Q4 25 | 0.00× | 1.51× | ||
| Q3 25 | 0.00× | 1.41× | ||
| Q2 25 | 0.00× | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | 0.00× | 1.22× | ||
| Q3 24 | 0.18× | 1.27× | ||
| Q2 24 | 0.30× | 1.41× | ||
| Q1 24 | 0.36× | 1.26× |
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 | — | $382.9M |
| 自由现金流经营现金流 - 资本支出 | — | $359.1M |
| 自由现金流率自由现金流/营收 | — | 47.5% |
| 资本支出强度资本支出/营收 | 0.0% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 8.03× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流ALTIOWL
| Q4 25 | — | $382.9M | ||
| Q3 25 | — | $433.1M | ||
| Q2 25 | $-19.9M | $422.5M | ||
| Q1 25 | $-30.2M | $17.6M | ||
| Q4 24 | $-56.0K | $324.0M | ||
| Q3 24 | $-4.9M | $326.0M | ||
| Q2 24 | $-30.2M | $302.3M | ||
| Q1 24 | $-15.5M | $47.2M |
自由现金流ALTIOWL
| Q4 25 | — | $359.1M | ||
| Q3 25 | — | $422.5M | ||
| Q2 25 | $-20.0M | $412.5M | ||
| Q1 25 | $-31.0M | $4.2M | ||
| Q4 24 | $-1.8M | $310.1M | ||
| Q3 24 | $-9.4M | $314.8M | ||
| Q2 24 | $-31.2M | $269.4M | ||
| Q1 24 | $-15.7M | $41.1M |
自由现金流率ALTIOWL
| Q4 25 | — | 47.5% | ||
| Q3 25 | — | 58.0% | ||
| Q2 25 | -37.6% | 58.7% | ||
| Q1 25 | -53.4% | 0.6% | ||
| Q4 24 | -4.0% | 49.1% | ||
| Q3 24 | -18.2% | 52.4% | ||
| Q2 24 | -63.2% | 49.0% | ||
| Q1 24 | -30.9% | 8.0% |
资本支出强度ALTIOWL
| Q4 25 | 0.0% | 3.1% | ||
| Q3 25 | 0.0% | 1.5% | ||
| Q2 25 | 0.0% | 1.4% | ||
| Q1 25 | 1.3% | 2.0% | ||
| Q4 24 | 3.9% | 2.2% | ||
| Q3 24 | 8.7% | 1.9% | ||
| Q2 24 | 2.2% | 6.0% | ||
| Q1 24 | 0.4% | 1.2% |
现金转化率ALTIOWL
| Q4 25 | — | 8.03× | ||
| Q3 25 | — | 68.64× | ||
| Q2 25 | — | 24.25× | ||
| Q1 25 | -15.80× | 2.37× | ||
| Q4 24 | — | 15.62× | ||
| Q3 24 | — | 10.94× | ||
| Q2 24 | — | 8.91× | ||
| Q1 24 | -0.52× | 1.88× |
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% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
