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Athene Holding Ltd.（ATHS）与Brighthouse Financial, Inc.（BHF）财务数据对比。点击上方公司名可切换其他公司
Athene Holding Ltd.的季度营收约是Brighthouse Financial, Inc.的4.8倍（$8.1B vs $1.7B）。Brighthouse Financial, Inc.净利率更高（8.1% vs 6.4%，领先1.7%）。Athene Holding Ltd.同比增速更快（115.1% vs 40.2%）。过去两年Brighthouse Financial, Inc.的营收复合增速更高（377.7% vs 19.2%）
Athene Holding Ltd.是一家领先的退休服务提供商，主要面向美国市场的个人消费者及机构客户提供固定年金、指数年金、可变年金及定制退休储蓄解决方案，帮助客户实现退休后的长期财务稳定。
Brighthouse Financial是总部位于美国北卡罗来纳州夏洛特的保险公司，核心业务为销售年金和人寿保险产品。截至2018年3月，该公司是美国规模领先的年金和人寿保险提供商之一，总资产达2190亿美元，有效保单及年金合约数量约260万份。
ATHS vs BHF — 直观对比
营收规模更大
ATHS
是对方的4.8倍
$1.7B
营收增速更快
ATHS
高出74.9%
40.2%
净利率更高
BHF
高出1.7%
6.4%
两年增速更快
BHF
近两年复合增速
19.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $8.1B | $1.7B |
| 净利润 | $523.0M | $137.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 8.9% |
| 净利率 | 6.4% | 8.1% |
| 营收同比 | 115.1% | 40.2% |
| 净利润同比 | -48.5% | -79.6% |
| 每股收益（稀释后） | — | $1.84 |
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ATHSBHF
| Q4 25 | $8.1B | $1.7B | ||
| Q3 25 | $8.0B | $1.8B | ||
| Q2 25 | $5.4B | $871.0M | ||
| Q1 25 | $4.2B | $2.4B | ||
| Q4 24 | $3.8B | $1.2B | ||
| Q3 24 | $6.5B | $2.0B | ||
| Q2 24 | $4.7B | $1.4B | ||
| Q1 24 | $5.7B | $74.0M |
净利润ATHSBHF
| Q4 25 | $523.0M | $137.0M | ||
| Q3 25 | $1.3B | $479.0M | ||
| Q2 25 | $464.0M | $85.0M | ||
| Q1 25 | $465.0M | $-268.0M | ||
| Q4 24 | $1.0B | $671.0M | ||
| Q3 24 | $625.0M | $176.0M | ||
| Q2 24 | $629.0M | $34.0M | ||
| Q1 24 | $1.2B | $-493.0M |
营业利润率ATHSBHF
| Q4 25 | 16.9% | 8.9% | ||
| Q3 25 | 26.8% | 32.2% | ||
| Q2 25 | 12.2% | 10.7% | ||
| Q1 25 | 22.3% | -14.8% | ||
| Q4 24 | 30.4% | 69.2% | ||
| Q3 24 | 25.7% | 9.3% | ||
| Q2 24 | 22.0% | 1.0% | ||
| Q1 24 | 31.1% | -829.7% |
净利率ATHSBHF
| Q4 25 | 6.4% | 8.1% | ||
| Q3 25 | 15.7% | 26.4% | ||
| Q2 25 | 8.7% | 9.8% | ||
| Q1 25 | 11.1% | -11.2% | ||
| Q4 24 | 26.8% | 55.7% | ||
| Q3 24 | 9.6% | 8.7% | ||
| Q2 24 | 13.5% | 2.4% | ||
| Q1 24 | 20.8% | -666.2% |
每股收益（稀释后）ATHSBHF
| Q4 25 | — | $1.84 | ||
| Q3 25 | — | $7.89 | ||
| Q2 25 | — | $1.02 | ||
| Q1 25 | — | $-5.04 | ||
| Q4 24 | — | $10.27 | ||
| Q3 24 | — | $2.47 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $-8.22 |
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 | — | — |
| 总债务越低越好 | $7.8B | $3.2B |
| 股东权益账面价值 | $20.5B | $6.8B |
| 总资产 | $442.2B | $241.8B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资ATHSBHF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $15.3B | $1.3B |
总债务ATHSBHF
| Q4 25 | $7.8B | $3.2B | ||
| Q3 25 | $7.9B | $3.2B | ||
| Q2 25 | $7.9B | $3.2B | ||
| Q1 25 | $6.3B | $3.2B | ||
| Q4 24 | $6.3B | $3.2B | ||
| Q3 24 | $5.7B | $3.2B | ||
| Q2 24 | $5.7B | $3.2B | ||
| Q1 24 | $5.7B | $3.2B |
股东权益ATHSBHF
| Q4 25 | $20.5B | $6.8B | ||
| Q3 25 | $20.4B | $6.4B | ||
| Q2 25 | $18.1B | $5.7B | ||
| Q1 25 | $17.5B | $5.2B | ||
| Q4 24 | $16.4B | $5.0B | ||
| Q3 24 | $17.4B | $5.5B | ||
| Q2 24 | $15.0B | $4.1B | ||
| Q1 24 | $14.8B | $4.2B |
总资产ATHSBHF
| Q4 25 | $442.2B | $241.8B | ||
| Q3 25 | $429.9B | $244.7B | ||
| Q2 25 | $405.3B | $242.6B | ||
| Q1 25 | $381.5B | $234.7B | ||
| Q4 24 | $363.3B | $238.5B | ||
| Q3 24 | $355.0B | $245.2B | ||
| Q2 24 | $332.6B | $237.4B | ||
| Q1 24 | $320.6B | $239.7B |
负债/权益比ATHSBHF
| Q4 25 | 0.38× | 0.47× | ||
| Q3 25 | 0.38× | 0.50× | ||
| Q2 25 | 0.43× | 0.56× | ||
| Q1 25 | 0.36× | 0.60× | ||
| Q4 24 | 0.39× | 0.64× | ||
| Q3 24 | 0.33× | 0.57× | ||
| Q2 24 | 0.38× | 0.76× | ||
| Q1 24 | 0.39× | 0.75× |
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 | $3.0B | $-3.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 5.82× | -0.02× |
| 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ATHSBHF
| Q4 25 | $3.0B | $-3.0M | ||
| Q3 25 | $636.0M | $117.0M | ||
| Q2 25 | $1.1B | $-1.0M | ||
| Q1 25 | $426.0M | $146.0M | ||
| Q4 24 | $386.0M | $-118.0M | ||
| Q3 24 | $780.0M | $24.0M | ||
| Q2 24 | $525.0M | $334.0M | ||
| Q1 24 | $185.0M | $-530.0M |
现金转化率ATHSBHF
| Q4 25 | 5.82× | -0.02× | ||
| Q3 25 | 0.51× | 0.24× | ||
| Q2 25 | 2.28× | -0.01× | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 0.38× | -0.18× | ||
| Q3 24 | 1.25× | 0.14× | ||
| Q2 24 | 0.83× | 9.82× | ||
| Q1 24 | 0.16× | — |
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
ATHS
暂无分部数据
BHF
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
