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AFFILIATED MANAGERS GROUP, INC.（AMG）与PJT Partners Inc.（PJT）财务数据对比。点击上方公司名可切换其他公司
AFFILIATED MANAGERS GROUP, INC.的季度营收约是PJT Partners Inc.的1.0倍（$556.6M vs $531.4M），AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs 10.0%，领先52.4%），PJT Partners Inc.同比增速更快（12.9% vs 6.2%），AFFILIATED MANAGERS GROUP, INC.自由现金流更多（$254.5M vs $138.6M），过去两年PJT Partners Inc.的营收复合增速更高（27.5% 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。
PJT Partners Inc.是一家专注于顾问业务的全球投资银行，于2015年10月从黑石集团旗下拆分成立，独立运营原黑石的金融与战略咨询服务业务，为全球各类客户提供专业的投行顾问相关服务。
AMG vs PJT — 直观对比
营收规模更大
AMG
是对方的1.0倍
$531.4M
营收增速更快
PJT
高出6.8%
6.2%
净利率更高
AMG
高出52.4%
10.0%
自由现金流更多
AMG
多$115.9M
$138.6M
两年增速更快
PJT
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $531.4M |
| 净利润 | $347.5M | $53.4M |
| 毛利率 | — | — |
| 营业利润率 | 94.4% | 23.1% |
| 净利率 | 62.4% | 10.0% |
| 营收同比 | 6.2% | 12.9% |
| 净利润同比 | 114.2% | 4.0% |
| 每股收益（稀释后） | $10.87 | — |
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AMGPJT
| Q4 25 | $556.6M | $531.4M | ||
| Q3 25 | $528.0M | $442.3M | ||
| Q2 25 | $493.2M | $401.1M | ||
| Q1 25 | $496.6M | $321.9M | ||
| Q4 24 | $524.3M | $470.5M | ||
| Q3 24 | $516.4M | $320.3M | ||
| Q2 24 | $500.3M | $358.1M | ||
| Q1 24 | $499.9M | $327.1M |
净利润AMGPJT
| Q4 25 | $347.5M | $53.4M | ||
| Q3 25 | $212.4M | $39.8M | ||
| Q2 25 | $84.3M | $32.9M | ||
| Q1 25 | $72.4M | $54.0M | ||
| Q4 24 | $162.2M | $51.3M | ||
| Q3 24 | $123.6M | $22.1M | ||
| Q2 24 | $76.0M | $28.3M | ||
| Q1 24 | $149.8M | $32.6M |
营业利润率AMGPJT
| Q4 25 | 94.4% | 23.1% | ||
| Q3 25 | 68.7% | 20.6% | ||
| Q2 25 | 34.8% | 19.1% | ||
| Q1 25 | 25.5% | 16.3% | ||
| Q4 24 | 52.2% | 21.9% | ||
| Q3 24 | 42.0% | 15.4% | ||
| Q2 24 | 35.6% | 18.0% | ||
| Q1 24 | 50.8% | 16.5% |
净利率AMGPJT
| Q4 25 | 62.4% | 10.0% | ||
| Q3 25 | 40.2% | 9.0% | ||
| Q2 25 | 17.1% | 8.2% | ||
| Q1 25 | 14.6% | 16.8% | ||
| Q4 24 | 30.9% | 10.9% | ||
| Q3 24 | 23.9% | 6.9% | ||
| Q2 24 | 15.2% | 7.9% | ||
| Q1 24 | 30.0% | 10.0% |
每股收益（稀释后）AMGPJT
| Q4 25 | $10.87 | — | ||
| Q3 25 | $6.87 | — | ||
| Q2 25 | $2.80 | — | ||
| Q1 25 | $2.20 | — | ||
| Q4 24 | $4.95 | — | ||
| Q3 24 | $3.78 | — | ||
| Q2 24 | $2.26 | — | ||
| Q1 24 | $4.14 | — |
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 | $538.9M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $3.2B | $308.2M |
| 总资产 | $9.2B | $1.8B |
| 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AMGPJT
| Q4 25 | $586.0M | $538.9M | ||
| Q3 25 | $476.1M | $400.5M | ||
| Q2 25 | $361.0M | $214.6M | ||
| Q1 25 | $816.5M | $194.3M | ||
| Q4 24 | $950.0M | $483.9M | ||
| Q3 24 | $1.0B | $148.8M | ||
| Q2 24 | $865.5M | $164.2M | ||
| Q1 24 | $793.4M | $215.5M |
总债务AMGPJT
| 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AMGPJT
| Q4 25 | $3.2B | $308.2M | ||
| Q3 25 | $3.3B | $228.6M | ||
| Q2 25 | $3.2B | $167.4M | ||
| Q1 25 | $3.2B | $148.8M | ||
| Q4 24 | $3.3B | $187.0M | ||
| Q3 24 | $3.3B | $159.1M | ||
| Q2 24 | $3.3B | $133.8M | ||
| Q1 24 | $3.6B | $174.6M |
总资产AMGPJT
| Q4 25 | $9.2B | $1.8B | ||
| Q3 25 | $8.9B | $1.7B | ||
| Q2 25 | $8.8B | $1.5B | ||
| Q1 25 | $8.7B | $1.4B | ||
| Q4 24 | $8.8B | $1.6B | ||
| Q3 24 | $8.9B | $1.6B | ||
| Q2 24 | $8.8B | $1.4B | ||
| Q1 24 | $9.0B | $1.3B |
负债/权益比AMGPJT
| 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 | $155.7M |
| 自由现金流经营现金流 - 资本支出 | $254.5M | $138.6M |
| 自由现金流率自由现金流/营收 | 45.7% | 26.1% |
| 资本支出强度资本支出/营收 | 0.3% | 3.2% |
| 现金转化率经营现金流/净利润 | 0.74× | 2.92× |
| 过去12个月自由现金流最近4个季度 | $967.1M | $480.4M |
8季度趋势，按日历期对齐
经营现金流AMGPJT
| Q4 25 | $256.4M | $155.7M | ||
| Q3 25 | $277.1M | $256.1M | ||
| Q2 25 | $230.8M | $190.4M | ||
| Q1 25 | $208.9M | $-75.9M | ||
| Q4 24 | $212.5M | $195.7M | ||
| Q3 24 | $265.2M | $180.5M | ||
| Q2 24 | $245.2M | $193.6M | ||
| Q1 24 | $209.2M | $-38.8M |
自由现金流AMGPJT
| Q4 25 | $254.5M | $138.6M | ||
| Q3 25 | $275.9M | $240.9M | ||
| Q2 25 | $229.4M | $178.9M | ||
| Q1 25 | $207.3M | $-77.9M | ||
| Q4 24 | $211.4M | $195.3M | ||
| Q3 24 | $264.5M | $178.5M | ||
| Q2 24 | $244.6M | $193.0M | ||
| Q1 24 | $208.2M | $-39.2M |
自由现金流率AMGPJT
| Q4 25 | 45.7% | 26.1% | ||
| Q3 25 | 52.3% | 54.5% | ||
| Q2 25 | 46.5% | 44.6% | ||
| Q1 25 | 41.7% | -24.2% | ||
| Q4 24 | 40.3% | 41.5% | ||
| Q3 24 | 51.2% | 55.7% | ||
| Q2 24 | 48.9% | 53.9% | ||
| Q1 24 | 41.6% | -12.0% |
资本支出强度AMGPJT
| Q4 25 | 0.3% | 3.2% | ||
| Q3 25 | 0.2% | 3.4% | ||
| Q2 25 | 0.3% | 2.9% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.1% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
现金转化率AMGPJT
| Q4 25 | 0.74× | 2.92× | ||
| Q3 25 | 1.30× | 6.43× | ||
| Q2 25 | 2.74× | 5.79× | ||
| Q1 25 | 2.89× | -1.41× | ||
| Q4 24 | 1.31× | 3.81× | ||
| Q3 24 | 2.15× | 8.15× | ||
| Q2 24 | 3.23× | 6.84× | ||
| Q1 24 | 1.40× | -1.19× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
