vs
APi Group Corp（APG）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是APi Group Corp的1.7倍（$3.7B vs $2.1B），道富集团净利率更高（20.4% vs 4.6%，领先15.8%），APi Group Corp同比增速更快（13.8% vs 7.5%），道富集团自由现金流更多（$9.8B vs $356.0M），过去两年APi Group Corp的营收复合增速更高（15.0% vs 8.1%）
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
APG vs STT — 直观对比
营收规模更大
STT
是对方的1.7倍
$2.1B
营收增速更快
APG
高出6.3%
7.5%
净利率更高
STT
高出15.8%
4.6%
自由现金流更多
STT
多$9.4B
$356.0M
两年增速更快
APG
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.7B |
| 净利润 | $97.0M | $747.0M |
| 毛利率 | 32.0% | — |
| 营业利润率 | 7.7% | 25.0% |
| 净利率 | 4.6% | 20.4% |
| 营收同比 | 13.8% | 7.5% |
| 净利润同比 | 44.8% | -4.6% |
| 每股收益（稀释后） | $-1.16 | $2.41 |
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APGSTT
| Q4 25 | $2.1B | $3.7B | ||
| Q3 25 | $2.1B | $3.5B | ||
| Q2 25 | $2.0B | $3.4B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.9B | $3.4B | ||
| Q3 24 | $1.8B | $3.3B | ||
| Q2 24 | $1.7B | $3.2B | ||
| Q1 24 | $1.6B | $3.1B |
净利润APGSTT
| Q4 25 | $97.0M | $747.0M | ||
| Q3 25 | $93.0M | $861.0M | ||
| Q2 25 | $77.0M | $693.0M | ||
| Q1 25 | $35.0M | $644.0M | ||
| Q4 24 | $67.0M | $783.0M | ||
| Q3 24 | $69.0M | $730.0M | ||
| Q2 24 | $69.0M | $711.0M | ||
| Q1 24 | $45.0M | $463.0M |
毛利率APGSTT
| Q4 25 | 32.0% | — | ||
| Q3 25 | 31.3% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 31.5% | — | ||
| Q4 24 | 30.9% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 31.4% | — | ||
| Q1 24 | 30.7% | — |
营业利润率APGSTT
| Q4 25 | 7.7% | 25.0% | ||
| Q3 25 | 7.8% | 31.1% | ||
| Q2 25 | 7.2% | 25.8% | ||
| Q1 25 | 4.9% | 25.0% | ||
| Q4 24 | 6.2% | 28.1% | ||
| Q3 24 | 7.8% | 28.4% | ||
| Q2 24 | 7.3% | 28.6% | ||
| Q1 24 | 6.2% | 19.1% |
净利率APGSTT
| Q4 25 | 4.6% | 20.4% | ||
| Q3 25 | 4.5% | 24.3% | ||
| Q2 25 | 3.9% | 20.1% | ||
| Q1 25 | 2.0% | 19.6% | ||
| Q4 24 | 3.6% | 22.9% | ||
| Q3 24 | 3.8% | 22.4% | ||
| Q2 24 | 4.0% | 22.3% | ||
| Q1 24 | 2.8% | 14.8% |
每股收益（稀释后）APGSTT
| Q4 25 | $-1.16 | $2.41 | ||
| Q3 25 | $0.20 | $2.78 | ||
| Q2 25 | $0.16 | $2.17 | ||
| Q1 25 | $0.11 | $2.04 | ||
| Q4 24 | $0.05 | $2.43 | ||
| Q3 24 | $0.23 | $2.26 | ||
| Q2 24 | $0.22 | $2.15 | ||
| Q1 24 | $-1.34 | $1.37 |
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 | $912.0M | — |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $3.4B | $27.8B |
| 总资产 | $8.9B | $366.0B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资APGSTT
| Q4 25 | $912.0M | — | ||
| Q3 25 | $555.0M | — | ||
| Q2 25 | $432.0M | — | ||
| Q1 25 | $460.0M | — | ||
| Q4 24 | $499.0M | — | ||
| Q3 24 | $487.0M | — | ||
| Q2 24 | $324.0M | — | ||
| Q1 24 | $247.0M | — |
总债务APGSTT
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.7B | — |
股东权益APGSTT
| Q4 25 | $3.4B | $27.8B | ||
| Q3 25 | $3.3B | $27.6B | ||
| Q2 25 | $3.2B | $27.3B | ||
| Q1 25 | $3.0B | $26.7B | ||
| Q4 24 | $3.0B | $25.3B | ||
| Q3 24 | $3.0B | $25.8B | ||
| Q2 24 | $2.8B | $24.8B | ||
| Q1 24 | $2.3B | $24.4B |
总资产APGSTT
| Q4 25 | $8.9B | $366.0B | ||
| Q3 25 | $8.7B | $371.1B | ||
| Q2 25 | $8.5B | $376.7B | ||
| Q1 25 | $8.1B | $372.7B | ||
| Q4 24 | $8.2B | $353.2B | ||
| Q3 24 | $8.2B | $338.5B | ||
| Q2 24 | $8.0B | $325.6B | ||
| Q1 24 | $7.2B | $338.0B |
负债/权益比APGSTT
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.96× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 1.19× | — |
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 | $382.0M | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $356.0M | $9.8B |
| 自由现金流率自由现金流/营收 | 16.8% | 266.6% |
| 资本支出强度资本支出/营收 | 1.2% | 7.3% |
| 现金转化率经营现金流/净利润 | 3.94× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $663.0M | $10.8B |
8季度趋势，按日历期对齐
经营现金流APGSTT
| Q4 25 | $382.0M | $10.0B | ||
| Q3 25 | $232.0M | $7.9B | ||
| Q2 25 | $83.0M | $-8.4B | ||
| Q1 25 | $62.0M | $2.4B | ||
| Q4 24 | $283.0M | $-7.4B | ||
| Q3 24 | $220.0M | $2.7B | ||
| Q2 24 | $110.0M | $-7.6B | ||
| Q1 24 | $7.0M | $-844.0M |
自由现金流APGSTT
| Q4 25 | $356.0M | $9.8B | ||
| Q3 25 | $201.0M | $7.7B | ||
| Q2 25 | $56.0M | $-8.8B | ||
| Q1 25 | $50.0M | $2.2B | ||
| Q4 24 | $265.0M | $-7.7B | ||
| Q3 24 | $198.0M | $2.5B | ||
| Q2 24 | $88.0M | $-7.9B | ||
| Q1 24 | $-15.0M | $-1.1B |
自由现金流率APGSTT
| Q4 25 | 16.8% | 266.6% | ||
| Q3 25 | 9.6% | 216.0% | ||
| Q2 25 | 2.8% | -254.1% | ||
| Q1 25 | 2.9% | 66.1% | ||
| Q4 24 | 14.2% | -225.1% | ||
| Q3 24 | 10.8% | 75.9% | ||
| Q2 24 | 5.1% | -246.2% | ||
| Q1 24 | -0.9% | -34.2% |
资本支出强度APGSTT
| Q4 25 | 1.2% | 7.3% | ||
| Q3 25 | 1.5% | 6.9% | ||
| Q2 25 | 1.4% | 9.3% | ||
| Q1 25 | 0.7% | 6.9% | ||
| Q4 24 | 1.0% | 7.3% | ||
| Q3 24 | 1.2% | 7.2% | ||
| Q2 24 | 1.3% | 6.7% | ||
| Q1 24 | 1.4% | 7.3% |
现金转化率APGSTT
| Q4 25 | 3.94× | 13.44× | ||
| Q3 25 | 2.49× | 9.18× | ||
| Q2 25 | 1.08× | -12.18× | ||
| Q1 25 | 1.77× | 3.72× | ||
| Q4 24 | 4.22× | -9.49× | ||
| Q3 24 | 3.19× | 3.71× | ||
| Q2 24 | 1.59× | -10.75× | ||
| Q1 24 | 0.16× | -1.82× |
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
APG
暂无分部数据
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
