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BRUNSWICK CORP（BC）与BLUE OWL CAPITAL INC.（OWL）财务数据对比。点击上方公司名可切换其他公司
BRUNSWICK CORP的季度营收约是BLUE OWL CAPITAL INC.的1.8倍（$1.3B vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs 1.4%，领先4.9%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 15.5%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $83.6M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs -1.1%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
BC vs OWL — 直观对比
营收规模更大
BC
是对方的1.8倍
$755.6M
营收增速更快
OWL
高出4.2%
15.5%
净利率更高
OWL
高出4.9%
1.4%
自由现金流更多
OWL
多$275.5M
$83.6M
两年增速更快
OWL
近两年复合增速
-1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $755.6M |
| 净利润 | $18.7M | $47.7M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 3.1% | 22.2% |
| 净利率 | 1.4% | 6.3% |
| 营收同比 | 15.5% | 19.7% |
| 净利润同比 | 122.7% | 129.8% |
| 每股收益（稀释后） | $0.32 | $0.07 |
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BCOWL
| Q4 25 | $1.3B | $755.6M | ||
| Q3 25 | $1.4B | $728.0M | ||
| Q2 25 | $1.4B | $703.1M | ||
| Q1 25 | $1.2B | $683.5M | ||
| Q4 24 | $1.2B | $631.4M | ||
| Q3 24 | $1.3B | $600.9M | ||
| Q2 24 | $1.4B | $549.8M | ||
| Q1 24 | $1.4B | $513.3M |
净利润BCOWL
| Q4 25 | $18.7M | $47.7M | ||
| Q3 25 | $-235.5M | $6.3M | ||
| Q2 25 | $59.3M | $17.4M | ||
| Q1 25 | $20.2M | $7.4M | ||
| Q4 24 | $-82.5M | $20.7M | ||
| Q3 24 | $44.6M | $29.8M | ||
| Q2 24 | $100.0M | $33.9M | ||
| Q1 24 | $68.0M | $25.1M |
毛利率BCOWL
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 27.4% | — |
营业利润率BCOWL
| Q4 25 | 3.1% | 22.2% | ||
| Q3 25 | -17.8% | 7.6% | ||
| Q2 25 | 7.1% | 12.0% | ||
| Q1 25 | 4.6% | 5.9% | ||
| Q4 24 | -4.8% | 11.7% | ||
| Q3 24 | 7.7% | 18.7% | ||
| Q2 24 | 11.0% | 28.4% | ||
| Q1 24 | 8.1% | 24.7% |
净利率BCOWL
| Q4 25 | 1.4% | 6.3% | ||
| Q3 25 | -17.3% | 0.9% | ||
| Q2 25 | 4.1% | 2.5% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | -7.1% | 3.3% | ||
| Q3 24 | 3.5% | 5.0% | ||
| Q2 24 | 6.9% | 6.2% | ||
| Q1 24 | 5.0% | 4.9% |
每股收益（稀释后）BCOWL
| Q4 25 | $0.32 | $0.07 | ||
| Q3 25 | $-3.59 | $0.01 | ||
| Q2 25 | $0.89 | $0.02 | ||
| Q1 25 | $0.30 | $0.00 | ||
| Q4 24 | $-1.21 | $0.06 | ||
| Q3 24 | $0.67 | $0.04 | ||
| Q2 24 | $1.48 | $0.06 | ||
| Q1 24 | $0.99 | $0.04 |
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 | $256.8M | $194.5M |
| 总债务越低越好 | $2.1B | $3.3B |
| 股东权益账面价值 | $1.6B | $2.2B |
| 总资产 | $5.3B | $12.5B |
| 负债/权益比越低杠杆越低 | 1.30× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资BCOWL
| Q4 25 | $256.8M | $194.5M | ||
| Q3 25 | $297.7M | $137.3M | ||
| Q2 25 | $315.7M | $117.6M | ||
| Q1 25 | $286.7M | $97.6M | ||
| Q4 24 | $269.0M | $152.1M | ||
| Q3 24 | $284.1M | $115.9M | ||
| Q2 24 | $494.5M | $436.8M | ||
| Q1 24 | $548.4M | $155.8M |
总债务BCOWL
| Q4 25 | $2.1B | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.1B |
股东权益BCOWL
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.0B | $1.7B | ||
| Q1 24 | $2.0B | $1.6B |
总资产BCOWL
| Q4 25 | $5.3B | $12.5B | ||
| Q3 25 | $5.4B | $12.5B | ||
| Q2 25 | $5.8B | $12.3B | ||
| Q1 25 | $5.9B | $12.3B | ||
| Q4 24 | $5.7B | $11.0B | ||
| Q3 24 | $6.0B | $10.8B | ||
| Q2 24 | $6.4B | $9.7B | ||
| Q1 24 | $6.5B | $9.0B |
负债/权益比BCOWL
| Q4 25 | 1.30× | 1.51× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | 1.25× | 1.22× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.26× |
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 | $132.9M | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $359.1M |
| 自由现金流率自由现金流/营收 | 6.3% | 47.5% |
| 资本支出强度资本支出/营收 | 3.7% | 3.1% |
| 现金转化率经营现金流/净利润 | 7.11× | 8.03× |
| 过去12个月自由现金流最近4个季度 | $396.3M | $1.2B |
8季度趋势，按日历期对齐
经营现金流BCOWL
| Q4 25 | $132.9M | $382.9M | ||
| Q3 25 | $140.4M | $433.1M | ||
| Q2 25 | $316.2M | $422.5M | ||
| Q1 25 | $-27.4M | $17.6M | ||
| Q4 24 | $306.4M | $324.0M | ||
| Q3 24 | $67.4M | $326.0M | ||
| Q2 24 | $211.0M | $302.3M | ||
| Q1 24 | $-153.4M | $47.2M |
自由现金流BCOWL
| Q4 25 | $83.6M | $359.1M | ||
| Q3 25 | $106.5M | $422.5M | ||
| Q2 25 | $271.3M | $412.5M | ||
| Q1 25 | $-65.1M | $4.2M | ||
| Q4 24 | $276.1M | $310.1M | ||
| Q3 24 | $31.4M | $314.8M | ||
| Q2 24 | $163.9M | $269.4M | ||
| Q1 24 | $-207.4M | $41.1M |
自由现金流率BCOWL
| Q4 25 | 6.3% | 47.5% | ||
| Q3 25 | 7.8% | 58.0% | ||
| Q2 25 | 18.7% | 58.7% | ||
| Q1 25 | -5.3% | 0.6% | ||
| Q4 24 | 23.9% | 49.1% | ||
| Q3 24 | 2.5% | 52.4% | ||
| Q2 24 | 11.4% | 49.0% | ||
| Q1 24 | -15.2% | 8.0% |
资本支出强度BCOWL
| Q4 25 | 3.7% | 3.1% | ||
| Q3 25 | 2.5% | 1.5% | ||
| Q2 25 | 3.1% | 1.4% | ||
| Q1 25 | 3.1% | 2.0% | ||
| Q4 24 | 2.6% | 2.2% | ||
| Q3 24 | 2.8% | 1.9% | ||
| Q2 24 | 3.3% | 6.0% | ||
| Q1 24 | 4.0% | 1.2% |
现金转化率BCOWL
| Q4 25 | 7.11× | 8.03× | ||
| Q3 25 | — | 68.64× | ||
| Q2 25 | 5.33× | 24.25× | ||
| Q1 25 | -1.36× | 2.37× | ||
| Q4 24 | — | 15.62× | ||
| Q3 24 | 1.51× | 10.94× | ||
| Q2 24 | 2.11× | 8.91× | ||
| Q1 24 | -2.26× | 1.88× |
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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
