vs
豪瑞（AMRZ）与嘉信理财（SCHW）财务数据对比。点击上方公司名可切换其他公司
嘉信理财的季度营收约是豪瑞的1.7倍（$6.3B vs $3.7B），嘉信理财净利率更高（38.8% vs 14.8%，领先24.0%），嘉信理财同比增速更快（18.9% vs 6.6%），豪瑞自由现金流更多（$669.0M vs $-921.0M）
豪瑞是总部位于瑞士的全球领先建筑材料及骨料供应商，为豪瑞集团旗下核心业务板块。原公司于2015年7月10日与拉法基合并组建拉法基豪瑞，2021年正式更名为豪瑞集团，合并完成后豪瑞品牌仍在集团内正常运营。
嘉信理财是美国领先的金融服务企业，面向个人投资者、独立财务顾问及企业客户，提供零售与机构经纪、财富管理、银行服务、退休规划、投资咨询等解决方案，主打低成本高可及性的金融产品与数字化理财工具。
AMRZ vs SCHW — 直观对比
营收规模更大
SCHW
是对方的1.7倍
$3.7B
营收增速更快
SCHW
高出12.3%
6.6%
净利率更高
SCHW
高出24.0%
14.8%
自由现金流更多
AMRZ
多$1.6B
$-921.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $6.3B |
| 净利润 | $545.0M | $2.5B |
| 毛利率 | 29.6% | — |
| 营业利润率 | 21.2% | 50.2% |
| 净利率 | 14.8% | 38.8% |
| 营收同比 | 6.6% | 18.9% |
| 净利润同比 | -1.4% | 33.6% |
| 每股收益（稀释后） | $0.98 | $1.32 |
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AMRZSCHW
| Q4 25 | — | $6.3B | ||
| Q3 25 | $3.7B | $6.1B | ||
| Q2 25 | $3.2B | $5.9B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | $3.4B | $4.8B | ||
| Q2 24 | $3.2B | $4.7B | ||
| Q1 24 | — | $4.7B |
净利润AMRZSCHW
| Q4 25 | — | $2.5B | ||
| Q3 25 | $545.0M | $2.4B | ||
| Q2 25 | $429.0M | $2.1B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $553.0M | $1.4B | ||
| Q2 24 | $474.0M | $1.3B | ||
| Q1 24 | — | $1.4B |
毛利率AMRZSCHW
| Q4 25 | — | — | ||
| Q3 25 | 29.6% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 30.2% | — | ||
| Q2 24 | 30.2% | — | ||
| Q1 24 | — | — |
营业利润率AMRZSCHW
| Q4 25 | — | 50.2% | ||
| Q3 25 | 21.2% | 49.2% | ||
| Q2 25 | 20.8% | 47.9% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 43.3% | ||
| Q3 24 | 24.5% | 38.0% | ||
| Q2 24 | 23.3% | 37.2% | ||
| Q1 24 | — | 37.9% |
净利率AMRZSCHW
| Q4 25 | — | 38.8% | ||
| Q3 25 | 14.8% | 38.4% | ||
| Q2 25 | 13.3% | 36.3% | ||
| Q1 25 | — | 34.1% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | 16.0% | 29.0% | ||
| Q2 24 | 14.6% | 28.4% | ||
| Q1 24 | — | 28.7% |
每股收益（稀释后）AMRZSCHW
| Q4 25 | — | $1.32 | ||
| Q3 25 | $0.98 | $1.26 | ||
| Q2 25 | $0.78 | $1.08 | ||
| Q1 25 | — | $0.99 | ||
| Q4 24 | — | $0.94 | ||
| Q3 24 | $1.00 | $0.71 | ||
| Q2 24 | $0.86 | $0.66 | ||
| Q1 24 | — | $0.68 |
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 | $826.0M | $46.0B |
| 总债务越低越好 | — | $22.2B |
| 股东权益账面价值 | $12.9B | $49.4B |
| 总资产 | $24.0B | $491.0B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资AMRZSCHW
| Q4 25 | — | $46.0B | ||
| Q3 25 | $826.0M | $30.6B | ||
| Q2 25 | $601.0M | $32.2B | ||
| Q1 25 | — | $35.0B | ||
| Q4 24 | — | $42.1B | ||
| Q3 24 | — | $34.9B | ||
| Q2 24 | — | $25.4B | ||
| Q1 24 | — | $31.8B |
总债务AMRZSCHW
| Q4 25 | — | $22.2B | ||
| Q3 25 | — | $20.2B | ||
| Q2 25 | — | $20.2B | ||
| Q1 25 | — | $21.5B | ||
| Q4 24 | — | $22.4B | ||
| Q3 24 | — | $22.4B | ||
| Q2 24 | — | $22.4B | ||
| Q1 24 | — | $22.9B |
股东权益AMRZSCHW
| Q4 25 | — | $49.4B | ||
| Q3 25 | $12.9B | $49.4B | ||
| Q2 25 | $12.4B | $49.5B | ||
| Q1 25 | — | $49.5B | ||
| Q4 24 | — | $48.4B | ||
| Q3 24 | $9.8B | $47.2B | ||
| Q2 24 | $9.3B | $44.0B | ||
| Q1 24 | — | $42.4B |
总资产AMRZSCHW
| Q4 25 | — | $491.0B | ||
| Q3 25 | $24.0B | $465.3B | ||
| Q2 25 | $23.8B | $458.9B | ||
| Q1 25 | — | $462.9B | ||
| Q4 24 | — | $479.8B | ||
| Q3 24 | — | $466.1B | ||
| Q2 24 | — | $449.7B | ||
| Q1 24 | — | $468.8B |
负债/权益比AMRZSCHW
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.54× |
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 | $854.0M | $-763.0M |
| 自由现金流经营现金流 - 资本支出 | $669.0M | $-921.0M |
| 自由现金流率自由现金流/营收 | 18.2% | -14.5% |
| 资本支出强度资本支出/营收 | 5.0% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.57× | -0.31× |
| 过去12个月自由现金流最近4个季度 | — | $8.8B |
8季度趋势，按日历期对齐
经营现金流AMRZSCHW
| Q4 25 | — | $-763.0M | ||
| Q3 25 | $854.0M | $538.0M | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $-10.8B | ||
| Q3 24 | — | $19.1B | ||
| Q2 24 | — | $-4.3B | ||
| Q1 24 | — | $-1.3B |
自由现金流AMRZSCHW
| Q4 25 | — | $-921.0M | ||
| Q3 25 | $669.0M | $393.0M | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $-11.1B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $-4.3B | ||
| Q1 24 | — | $-1.5B |
自由现金流率AMRZSCHW
| Q4 25 | — | -14.5% | ||
| Q3 25 | 18.2% | 6.4% | ||
| Q2 25 | — | 52.1% | ||
| Q1 25 | — | 111.5% | ||
| Q4 24 | — | -207.9% | ||
| Q3 24 | — | 391.4% | ||
| Q2 24 | — | -92.6% | ||
| Q1 24 | — | -31.6% |
资本支出强度AMRZSCHW
| Q4 25 | — | 2.5% | ||
| Q3 25 | 5.0% | 2.4% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 3.1% |
现金转化率AMRZSCHW
| Q4 25 | — | -0.31× | ||
| Q3 25 | 1.57× | 0.23× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 3.33× | ||
| Q4 24 | — | -5.88× | ||
| Q3 24 | — | 13.56× | ||
| Q2 24 | — | -3.19× | ||
| Q1 24 | — | -0.99× |
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
AMRZ
| Building Materials | $2.8B | 75% |
| Building Envelope | $901.0M | 25% |
| Equity Method Investee | $5.0M | 0% |
SCHW
| Investor Services | $5.0B | 79% |
| Order Flow Revenue | $531.0M | 8% |
| Commissions | $482.0M | 8% |
| Other | $127.0M | 2% |
| Financial Service Other | $100.0M | 2% |
| Principal Transactions | $53.0M | 1% |
