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AlTi Global, Inc.（ALTI）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是AlTi Global, Inc.的2.2倍（$188.3M vs $86.6M），BRC Group Holdings, Inc.净利率更高（47.9% vs -15.1%，领先63.1%），AlTi Global, Inc.同比增速更快（87.0% vs -21.9%），过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs -15.4%）
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。
ALTI vs RILY — 直观对比
营收规模更大
RILY
是对方的2.2倍
$86.6M
营收增速更快
ALTI
高出108.9%
-21.9%
净利率更高
RILY
高出63.1%
-15.1%
两年增速更快
ALTI
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $188.3M |
| 净利润 | $-13.1M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | -2.1% | 32.3% |
| 净利率 | -15.1% | 47.9% |
| 营收同比 | 87.0% | -21.9% |
| 净利润同比 | 75.6% | 1710.8% |
| 每股收益（稀释后） | — | $2.78 |
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ALTIRILY
| Q4 25 | $86.6M | $188.3M | ||
| Q3 25 | $57.2M | $215.3M | ||
| Q2 25 | $53.1M | $188.2M | ||
| Q1 25 | $58.0M | $197.2M | ||
| Q4 24 | $46.3M | $241.0M | ||
| Q3 24 | $51.8M | $225.5M | ||
| Q2 24 | $49.5M | $256.0M | ||
| Q1 24 | $50.8M | $263.4M |
净利润ALTIRILY
| Q4 25 | $-13.1M | $90.3M | ||
| Q3 25 | $-84.1M | $91.1M | ||
| Q2 25 | $-24.4M | $139.5M | ||
| Q1 25 | $1.9M | $-10.0M | ||
| Q4 24 | $-53.8M | $-5.6M | ||
| Q3 24 | $-72.5M | $-284.4M | ||
| Q2 24 | $-6.4M | $-433.6M | ||
| Q1 24 | $29.7M | $-49.2M |
毛利率ALTIRILY
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率ALTIRILY
| Q4 25 | -2.1% | 32.3% | ||
| Q3 25 | -49.8% | 30.4% | ||
| Q2 25 | -56.7% | 5.7% | ||
| Q1 25 | -23.3% | -31.2% | ||
| Q4 24 | -42.7% | -69.2% | ||
| Q3 24 | -18.4% | -36.4% | ||
| Q2 24 | -30.2% | -90.8% | ||
| Q1 24 | -28.9% | -6.1% |
净利率ALTIRILY
| Q4 25 | -15.1% | 47.9% | ||
| Q3 25 | -147.0% | 42.3% | ||
| Q2 25 | -45.9% | 74.1% | ||
| Q1 25 | 3.3% | -5.1% | ||
| Q4 24 | -116.1% | -2.3% | ||
| Q3 24 | -140.0% | -126.1% | ||
| Q2 24 | -12.9% | -169.4% | ||
| Q1 24 | 58.4% | -18.7% |
每股收益（稀释后）ALTIRILY
| Q4 25 | — | $2.78 | ||
| Q3 25 | — | $2.91 | ||
| Q2 25 | $-0.33 | $4.50 | ||
| Q1 25 | $-0.04 | $-0.39 | ||
| Q4 24 | $-0.71 | $-0.01 | ||
| Q3 24 | $-0.88 | $-9.39 | ||
| Q2 24 | $-0.18 | $-14.35 | ||
| Q1 24 | $0.18 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $883.0K | $1.4B |
| 股东权益账面价值 | $600.1M | $-171.5M |
| 总资产 | $1.2B | $1.7B |
| 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ALTIRILY
| Q4 25 | $41.2M | $226.6M | ||
| Q3 25 | $35.8M | $184.2M | ||
| Q2 25 | $42.4M | $267.4M | ||
| Q1 25 | $52.8M | $138.3M | ||
| Q4 24 | $64.4M | $146.9M | ||
| Q3 24 | $220.6M | $159.2M | ||
| Q2 24 | $60.0M | $236.9M | ||
| Q1 24 | $134.2M | $190.7M |
总债务ALTIRILY
| Q4 25 | $883.0K | $1.4B | ||
| Q3 25 | $586.0K | $1.3B | ||
| Q2 25 | $673.0K | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $0 | $1.5B | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
股东权益ALTIRILY
| Q4 25 | $600.1M | $-171.5M | ||
| Q3 25 | $607.2M | $-260.5M | ||
| Q2 25 | $685.4M | $-351.7M | ||
| Q1 25 | $665.2M | $-496.8M | ||
| Q4 24 | $658.4M | $-488.2M | ||
| Q3 24 | $707.0M | $-497.6M | ||
| Q2 24 | $540.2M | $-218.3M | ||
| Q1 24 | $510.9M | $228.4M |
总资产ALTIRILY
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.3B | $3.2B | ||
| Q1 24 | $1.3B | $5.0B |
负债/权益比ALTIRILY
| 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 | $-51.4M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | — |
| 自由现金流率自由现金流/营收 | -60.3% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ALTIRILY
| Q4 25 | $-51.4M | $26.2M | ||
| Q3 25 | $-53.5M | $-60.6M | ||
| Q2 25 | $-19.9M | $-25.6M | ||
| Q1 25 | $-30.2M | $184.0K | ||
| Q4 24 | $-50.7M | $-2.7M | ||
| Q3 24 | $-4.9M | $19.5M | ||
| Q2 24 | $-30.2M | $111.5M | ||
| Q1 24 | $-15.5M | $135.4M |
自由现金流ALTIRILY
| Q4 25 | $-52.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-20.0M | — | ||
| Q1 25 | $-31.0M | — | ||
| Q4 24 | $-58.2M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-31.2M | — | ||
| Q1 24 | $-15.7M | — |
自由现金流率ALTIRILY
| Q4 25 | -60.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -37.6% | — | ||
| Q1 25 | -53.4% | — | ||
| Q4 24 | -125.7% | — | ||
| Q3 24 | -18.2% | — | ||
| Q2 24 | -63.2% | — | ||
| Q1 24 | -30.9% | — |
资本支出强度ALTIRILY
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.4% | — |
现金转化率ALTIRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
