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AFFILIATED MANAGERS GROUP, INC.（AMG）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AFFILIATED MANAGERS GROUP, INC.的1.3倍（$717.1M vs $556.6M）。AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs 16.3%，领先46.2%）。华利安同比增速更快（13.0% vs 6.2%）。AFFILIATED MANAGERS GROUP, INC.自由现金流更多（$254.5M vs $217.0M）。过去两年华利安的营收复合增速更高（17.4% vs 5.5%）
Affiliated Managers Group（简称AMG）是一家成立于1993年的美国金融服务企业，总部位于佛罗里达州西棕榈滩。公司股票在纽约证券交易所挂牌交易，代码为AMG，同时是标普400美国中型企业指数的成份股。
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。
AMG vs HLI — 直观对比
营收规模更大
HLI
是对方的1.3倍
$556.6M
营收增速更快
HLI
高出6.9%
6.2%
净利率更高
AMG
高出46.2%
16.3%
自由现金流更多
AMG
多$37.5M
$217.0M
两年增速更快
HLI
近两年复合增速
5.5%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $717.1M |
| 净利润 | $347.5M | $116.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | 94.4% | 22.4% |
| 净利率 | 62.4% | 16.3% |
| 营收同比 | 6.2% | 13.0% |
| 净利润同比 | 114.2% | 22.3% |
| 每股收益（稀释后） | $10.87 | $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AMGHLI
| Q4 25 | $556.6M | $717.1M | ||
| Q3 25 | $528.0M | $659.5M | ||
| Q2 25 | $493.2M | $605.3M | ||
| Q1 25 | $496.6M | $666.4M | ||
| Q4 24 | $524.3M | $634.4M | ||
| Q3 24 | $516.4M | $575.0M | ||
| Q2 24 | $500.3M | $513.6M | ||
| Q1 24 | $499.9M | $520.5M |
净利润AMGHLI
| Q4 25 | $347.5M | $116.5M | ||
| Q3 25 | $212.4M | $111.8M | ||
| Q2 25 | $84.3M | $97.5M | ||
| Q1 25 | $72.4M | $121.9M | ||
| Q4 24 | $162.2M | $95.3M | ||
| Q3 24 | $123.6M | $93.5M | ||
| Q2 24 | $76.0M | $88.9M | ||
| Q1 24 | $149.8M | $81.1M |
毛利率AMGHLI
| 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AMGHLI
| Q4 25 | 94.4% | 22.4% | ||
| Q3 25 | 68.7% | 22.9% | ||
| Q2 25 | 34.8% | 14.8% | ||
| Q1 25 | 25.5% | 20.9% | ||
| Q4 24 | 52.2% | 21.5% | ||
| Q3 24 | 42.0% | 22.7% | ||
| Q2 24 | 35.6% | 18.6% | ||
| Q1 24 | 50.8% | 19.7% |
净利率AMGHLI
| Q4 25 | 62.4% | 16.3% | ||
| Q3 25 | 40.2% | 17.0% | ||
| Q2 25 | 17.1% | 16.1% | ||
| Q1 25 | 14.6% | 18.3% | ||
| Q4 24 | 30.9% | 15.0% | ||
| Q3 24 | 23.9% | 16.3% | ||
| Q2 24 | 15.2% | 17.3% | ||
| Q1 24 | 30.0% | 15.6% |
每股收益（稀释后）AMGHLI
| Q4 25 | $10.87 | $1.70 | ||
| Q3 25 | $6.87 | $1.63 | ||
| Q2 25 | $2.80 | $1.42 | ||
| Q1 25 | $2.20 | $1.76 | ||
| Q4 24 | $4.95 | $1.39 | ||
| Q3 24 | $3.78 | $1.37 | ||
| Q2 24 | $2.26 | $1.30 | ||
| Q1 24 | $4.14 | $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 | $586.0M | $1.1B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $3.2B | $2.3B |
| 总资产 | $9.2B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.83× | — |
8季度趋势，按日历期对齐
现金及短期投资AMGHLI
| Q4 25 | $586.0M | $1.1B | ||
| Q3 25 | $476.1M | $923.6M | ||
| Q2 25 | $361.0M | $793.8M | ||
| Q1 25 | $816.5M | $971.0M | ||
| Q4 24 | $950.0M | $799.3M | ||
| Q3 24 | $1.0B | $691.4M | ||
| Q2 24 | $865.5M | $449.7M | ||
| Q1 24 | $793.4M | $721.2M |
总债务AMGHLI
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益AMGHLI
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.2B | $2.2B | ||
| Q1 25 | $3.2B | $2.2B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.3B | $1.8B | ||
| Q1 24 | $3.6B | $1.8B |
总资产AMGHLI
| Q4 25 | $9.2B | $3.9B | ||
| Q3 25 | $8.9B | $3.8B | ||
| Q2 25 | $8.8B | $3.5B | ||
| Q1 25 | $8.7B | $3.8B | ||
| Q4 24 | $8.8B | $3.5B | ||
| Q3 24 | $8.9B | $3.2B | ||
| Q2 24 | $8.8B | $2.9B | ||
| Q1 24 | $9.0B | $3.2B |
负债/权益比AMGHLI
| Q4 25 | 0.83× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.70× | — |
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 | $256.4M | $217.7M |
| 自由现金流经营现金流 - 资本支出 | $254.5M | $217.0M |
| 自由现金流率自由现金流/营收 | 45.7% | 30.3% |
| 资本支出强度资本支出/营收 | 0.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.74× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $967.1M | $738.9M |
8季度趋势，按日历期对齐
经营现金流AMGHLI
| Q4 25 | $256.4M | $217.7M | ||
| Q3 25 | $277.1M | $325.0M | ||
| Q2 25 | $230.8M | $-131.6M | ||
| Q1 25 | $208.9M | $358.4M | ||
| Q4 24 | $212.5M | $265.5M | ||
| Q3 24 | $265.2M | $289.2M | ||
| Q2 24 | $245.2M | $-64.5M | ||
| Q1 24 | $209.2M | $225.3M |
自由现金流AMGHLI
| Q4 25 | $254.5M | $217.0M | ||
| Q3 25 | $275.9M | $322.8M | ||
| Q2 25 | $229.4M | $-144.8M | ||
| Q1 25 | $207.3M | $343.9M | ||
| Q4 24 | $211.4M | $261.7M | ||
| Q3 24 | $264.5M | $278.7M | ||
| Q2 24 | $244.6M | $-75.4M | ||
| Q1 24 | $208.2M | $213.1M |
自由现金流率AMGHLI
| Q4 25 | 45.7% | 30.3% | ||
| Q3 25 | 52.3% | 49.0% | ||
| Q2 25 | 46.5% | -23.9% | ||
| Q1 25 | 41.7% | 51.6% | ||
| Q4 24 | 40.3% | 41.2% | ||
| Q3 24 | 51.2% | 48.5% | ||
| Q2 24 | 48.9% | -14.7% | ||
| Q1 24 | 41.6% | 40.9% |
资本支出强度AMGHLI
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 0.2% | 0.3% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.2% | 0.6% | ||
| Q3 24 | 0.1% | 1.8% | ||
| Q2 24 | 0.1% | 2.1% | ||
| Q1 24 | 0.2% | 2.3% |
现金转化率AMGHLI
| Q4 25 | 0.74× | 1.87× | ||
| Q3 25 | 1.30× | 2.91× | ||
| Q2 25 | 2.74× | -1.35× | ||
| Q1 25 | 2.89× | 2.94× | ||
| Q4 24 | 1.31× | 2.79× | ||
| Q3 24 | 2.15× | 3.09× | ||
| Q2 24 | 3.23× | -0.73× | ||
| Q1 24 | 1.40× | 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
AMG
暂无分部数据
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
