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博思艾伦汉密尔顿（BAH）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是博思艾伦汉密尔顿的1.0倍（$2.7B vs $2.6B），博思艾伦汉密尔顿净利率更高（7.6% vs 2.5%，领先5.1%），Rocket Companies, Inc.同比增速更快（52.2% vs -10.2%），博思艾伦汉密尔顿自由现金流更多（$248.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
BAH vs RKT — 直观对比
营收规模更大
RKT
是对方的1.0倍
$2.6B
营收增速更快
RKT
高出62.3%
-10.2%
净利率更高
BAH
高出5.1%
2.5%
自由现金流更多
BAH
多$1.5B
$-1.3B
两年增速更快
RKT
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $2.7B |
| 净利润 | $200.0M | $68.0M |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | 6.3% |
| 净利率 | 7.6% | 2.5% |
| 营收同比 | -10.2% | 52.2% |
| 净利润同比 | 7.0% | 100.8% |
| 每股收益（稀释后） | $1.63 | $0.10 |
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BAHRKT
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.9B | $1.6B | ||
| Q2 25 | $2.9B | $1.4B | ||
| Q1 25 | $3.0B | $1.0B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.1B | $646.9M | ||
| Q2 24 | $2.9B | $1.3B | ||
| Q1 24 | $2.8B | $1.4B |
净利润BAHRKT
| Q4 25 | $200.0M | $68.0M | ||
| Q3 25 | $175.0M | $-123.9M | ||
| Q2 25 | $271.0M | $-1.8M | ||
| Q1 25 | $192.7M | $-10.4M | ||
| Q4 24 | $186.9M | $33.9M | ||
| Q3 24 | $390.1M | $-22.0M | ||
| Q2 24 | $165.2M | $1.3M | ||
| Q1 24 | $128.0M | $16.2M |
毛利率BAHRKT
| Q4 25 | 51.9% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 51.3% | — | ||
| Q1 25 | 53.6% | — | ||
| Q4 24 | 55.2% | 58.9% | ||
| Q3 24 | 56.7% | -8.4% | ||
| Q2 24 | 53.4% | 47.4% | ||
| Q1 24 | 54.7% | 51.2% |
营业利润率BAHRKT
| Q4 25 | 8.8% | 6.3% | ||
| Q3 25 | 9.8% | -11.5% | ||
| Q2 25 | 8.8% | 1.8% | ||
| Q1 25 | 9.2% | -21.5% | ||
| Q4 24 | 10.0% | 38.1% | ||
| Q3 24 | 17.4% | -76.9% | ||
| Q2 24 | 8.7% | 14.8% | ||
| Q1 24 | 9.5% | 21.6% |
净利率BAHRKT
| Q4 25 | 7.6% | 2.5% | ||
| Q3 25 | 6.1% | -7.7% | ||
| Q2 25 | 9.3% | -0.1% | ||
| Q1 25 | 6.5% | -1.0% | ||
| Q4 24 | 6.4% | 1.9% | ||
| Q3 24 | 12.4% | -3.4% | ||
| Q2 24 | 5.6% | 0.1% | ||
| Q1 24 | 4.6% | 1.2% |
每股收益（稀释后）BAHRKT
| Q4 25 | $1.63 | $0.10 | ||
| Q3 25 | $1.42 | $-0.06 | ||
| Q2 25 | $2.16 | $-0.01 | ||
| Q1 25 | $1.52 | $-0.08 | ||
| Q4 24 | $1.45 | $0.28 | ||
| Q3 24 | $3.01 | $-0.19 | ||
| Q2 24 | $1.27 | $0.01 | ||
| Q1 24 | $0.97 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $22.9B |
| 总资产 | $7.1B | $60.7B |
| 负债/权益比越低杠杆越低 | 3.84× | — |
8季度趋势，按日历期对齐
现金及短期投资BAHRKT
| Q4 25 | $882.0M | $2.7B | ||
| Q3 25 | $816.0M | $5.8B | ||
| Q2 25 | $711.0M | $5.1B | ||
| Q1 25 | $885.0M | $1.4B | ||
| Q4 24 | $453.5M | $1.3B | ||
| Q3 24 | $558.7M | $1.2B | ||
| Q2 24 | $297.7M | $1.3B | ||
| Q1 24 | $554.3M | $861.4M |
总债务BAHRKT
| 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 | — | ||
| Q1 24 | $3.4B | — |
股东权益BAHRKT
| Q4 25 | $1.0B | $22.9B | ||
| Q3 25 | $996.0M | $8.9B | ||
| Q2 25 | $1.1B | $7.4B | ||
| Q1 25 | $1.0B | $8.6B | ||
| Q4 24 | $1.2B | $9.0B | ||
| Q3 24 | $1.2B | $8.4B | ||
| Q2 24 | $1.1B | $8.8B | ||
| Q1 24 | $1.0B | $8.6B |
总资产BAHRKT
| Q4 25 | $7.1B | $60.7B | ||
| Q3 25 | $7.2B | $33.6B | ||
| Q2 25 | $7.2B | $30.4B | ||
| Q1 25 | $7.3B | $25.3B | ||
| Q4 24 | $6.8B | $24.5B | ||
| Q3 24 | $6.9B | $25.1B | ||
| Q2 24 | $6.6B | $23.6B | ||
| Q1 24 | $6.6B | $22.2B |
负债/权益比BAHRKT
| 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× | — | ||
| Q1 24 | 3.26× | — |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 9.5% | -47.2% |
| 资本支出强度资本支出/营收 | 0.5% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.30× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流BAHRKT
| Q4 25 | $261.0M | $-1.2B | ||
| Q3 25 | $421.0M | $-50.3M | ||
| Q2 25 | $119.0M | $-1.9B | ||
| Q1 25 | $219.0M | $-797.0M | ||
| Q4 24 | $150.8M | $1.8B | ||
| Q3 24 | $587.1M | $-1.3B | ||
| Q2 24 | $52.1M | $-122.3M | ||
| Q1 24 | $143.8M | $-3.0B |
自由现金流BAHRKT
| Q4 25 | $248.0M | $-1.3B | ||
| Q3 25 | $395.0M | $-71.8M | ||
| Q2 25 | $96.0M | $-1.9B | ||
| Q1 25 | $194.4M | $-811.0M | ||
| Q4 24 | $133.6M | $1.8B | ||
| Q3 24 | $563.3M | $-1.4B | ||
| Q2 24 | $19.7M | $-138.3M | ||
| Q1 24 | $127.6M | $-3.0B |
自由现金流率BAHRKT
| Q4 25 | 9.5% | -47.2% | ||
| Q3 25 | 13.7% | -4.5% | ||
| Q2 25 | 3.3% | -137.2% | ||
| Q1 25 | 6.5% | -78.2% | ||
| Q4 24 | 4.6% | 103.1% | ||
| Q3 24 | 17.9% | -209.6% | ||
| Q2 24 | 0.7% | -10.6% | ||
| Q1 24 | 4.6% | -218.7% |
资本支出强度BAHRKT
| Q4 25 | 0.5% | 1.5% | ||
| Q3 25 | 0.9% | 1.3% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.8% | 1.4% | ||
| Q4 24 | 0.6% | 1.1% | ||
| Q3 24 | 0.8% | 2.9% | ||
| Q2 24 | 1.1% | 1.2% | ||
| Q1 24 | 0.6% | 1.0% |
现金转化率BAHRKT
| Q4 25 | 1.30× | -18.08× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 0.81× | 54.42× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 0.32× | -94.46× | ||
| Q1 24 | 1.12× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
