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博思艾伦汉密尔顿（BAH）与盈透证券（IBKR）财务数据对比。点击上方公司名可切换其他公司
博思艾伦汉密尔顿的季度营收约是盈透证券的1.6倍（$2.6B vs $1.7B），盈透证券净利率更高（70.2% vs 7.6%，领先62.5%），盈透证券同比增速更快（17.0% vs -10.2%），过去两年盈透证券的营收复合增速更高（87.6% vs -2.8%）
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
盈透证券集团是总部位于美国康涅狄格州格林威治的跨国经纪机构，运营着美国日均营收交易量最高的电子交易平台，2024年日均处理交易达260万笔。作为全球最大的外汇市场经纪商，同时也是头部主经纪商之一，服务商品经纪机构，可提供股票、期权、期货等多品类资产的经纪服务。
BAH vs IBKR — 直观对比
营收规模更大
BAH
是对方的1.6倍
$1.7B
营收增速更快
IBKR
高出27.1%
-10.2%
净利率更高
IBKR
高出62.5%
7.6%
两年增速更快
IBKR
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.7B |
| 净利润 | $200.0M | $1.2B |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | — |
| 净利率 | 7.6% | 70.2% |
| 营收同比 | -10.2% | 17.0% |
| 净利润同比 | 7.0% | 21.5% |
| 每股收益（稀释后） | $1.63 | $0.59 |
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BAHIBKR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.6B | $667.0M | ||
| Q3 25 | $2.9B | $603.0M | ||
| Q2 25 | $2.9B | $578.0M | ||
| Q1 25 | $3.0B | $592.0M | ||
| Q4 24 | $2.9B | $558.0M | ||
| Q3 24 | $3.1B | $507.0M | ||
| Q2 24 | $2.9B | $474.0M |
净利润BAHIBKR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $200.0M | $1.2B | ||
| Q3 25 | $175.0M | $1.2B | ||
| Q2 25 | $271.0M | $1.0B | ||
| Q1 25 | $192.7M | $964.0M | ||
| Q4 24 | $186.9M | $969.0M | ||
| Q3 24 | $390.1M | $834.0M | ||
| Q2 24 | $165.2M | $809.0M |
毛利率BAHIBKR
| Q1 26 | — | — | ||
| Q4 25 | 51.9% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 51.3% | — | ||
| Q1 25 | 53.6% | — | ||
| Q4 24 | 55.2% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 53.4% | — |
营业利润率BAHIBKR
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 9.2% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 17.4% | — | ||
| Q2 24 | 8.7% | — |
净利率BAHIBKR
| Q1 26 | — | 70.2% | ||
| Q4 25 | 7.6% | 180.1% | ||
| Q3 25 | 6.1% | 196.7% | ||
| Q2 25 | 9.3% | 174.0% | ||
| Q1 25 | 6.5% | 162.8% | ||
| Q4 24 | 6.4% | 173.7% | ||
| Q3 24 | 12.4% | 164.5% | ||
| Q2 24 | 5.6% | 170.7% |
每股收益（稀释后）BAHIBKR
| Q1 26 | — | $0.59 | ||
| Q4 25 | $1.63 | $-0.82 | ||
| Q3 25 | $1.42 | $0.59 | ||
| Q2 25 | $2.16 | $0.51 | ||
| Q1 25 | $1.52 | $1.94 | ||
| Q4 24 | $1.45 | $2.00 | ||
| Q3 24 | $3.01 | $1.67 | ||
| Q2 24 | $1.27 | $1.65 |
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 | $882.0M | $5.1B |
| 总债务越低越好 | $3.9B | $12.0M |
| 股东权益账面价值 | $1.0B | $5.6B |
| 总资产 | $7.1B | $218.7B |
| 负债/权益比越低杠杆越低 | 3.84× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BAHIBKR
| Q1 26 | — | $5.1B | ||
| Q4 25 | $882.0M | $5.0B | ||
| Q3 25 | $816.0M | $5.1B | ||
| Q2 25 | $711.0M | $4.7B | ||
| Q1 25 | $885.0M | $3.5B | ||
| Q4 24 | $453.5M | $3.6B | ||
| Q3 24 | $558.7M | $3.6B | ||
| Q2 24 | $297.7M | $3.9B |
总债务BAHIBKR
| Q1 26 | — | $12.0M | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | — |
股东权益BAHIBKR
| Q1 26 | — | $5.6B | ||
| Q4 25 | $1.0B | $5.4B | ||
| Q3 25 | $996.0M | $5.1B | ||
| Q2 25 | $1.1B | $4.8B | ||
| Q1 25 | $1.0B | $4.5B | ||
| Q4 24 | $1.2B | $4.3B | ||
| Q3 24 | $1.2B | $4.1B | ||
| Q2 24 | $1.1B | $3.9B |
总资产BAHIBKR
| Q1 26 | — | $218.7B | ||
| Q4 25 | $7.1B | $203.2B | ||
| Q3 25 | $7.2B | $200.2B | ||
| Q2 25 | $7.2B | $181.5B | ||
| Q1 25 | $7.3B | $157.7B | ||
| Q4 24 | $6.8B | $150.1B | ||
| Q3 24 | $6.9B | $148.5B | ||
| Q2 24 | $6.6B | $136.6B |
负债/权益比BAHIBKR
| Q1 26 | — | 0.00× | ||
| Q4 25 | 3.84× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 3.74× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 2.83× | — | ||
| Q2 24 | 3.14× | — |
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 | $261.0M | — |
| 自由现金流经营现金流 - 资本支出 | $248.0M | — |
| 自由现金流率自由现金流/营收 | 9.5% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.30× | — |
| 过去12个月自由现金流最近4个季度 | $933.4M | — |
8季度趋势，按日历期对齐
经营现金流BAHIBKR
| Q1 26 | — | — | ||
| Q4 25 | $261.0M | $1.6B | ||
| Q3 25 | $421.0M | $4.5B | ||
| Q2 25 | $119.0M | $7.1B | ||
| Q1 25 | $219.0M | $2.6B | ||
| Q4 24 | $150.8M | $1.8B | ||
| Q3 24 | $587.1M | $3.6B | ||
| Q2 24 | $52.1M | $1.6B |
自由现金流BAHIBKR
| Q1 26 | — | — | ||
| Q4 25 | $248.0M | — | ||
| Q3 25 | $395.0M | — | ||
| Q2 25 | $96.0M | — | ||
| Q1 25 | $194.4M | — | ||
| Q4 24 | $133.6M | — | ||
| Q3 24 | $563.3M | — | ||
| Q2 24 | $19.7M | — |
自由现金流率BAHIBKR
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 0.7% | — |
资本支出强度BAHIBKR
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 1.1% | — |
现金转化率BAHIBKR
| Q1 26 | — | — | ||
| Q4 25 | 1.30× | 1.34× | ||
| Q3 25 | 2.41× | 3.78× | ||
| Q2 25 | 0.44× | 7.10× | ||
| Q1 25 | 1.14× | 2.68× | ||
| Q4 24 | 0.81× | 1.90× | ||
| Q3 24 | 1.50× | 4.29× | ||
| Q2 24 | 0.32× | 2.00× |
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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
IBKR
暂无分部数据
