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BOISE CASCADE Co（BCC）与Brown & Brown（BRO）财务数据对比。点击上方公司名可切换其他公司
Brown & Brown的季度营收约是BOISE CASCADE Co的1.1倍（$1.6B vs $1.5B），Brown & Brown净利率更高（16.5% vs 0.6%，领先15.9%），Brown & Brown同比增速更快（35.8% vs -6.8%），Brown & Brown自由现金流更多（$424.0M vs $77.0M），过去两年Brown & Brown的营收复合增速更高（13.0% vs -5.8%）
博伊西卡斯卡德公司是总部位于美国爱达荷州博伊西的企业，主营木制品制造与建筑材料批发分销业务，产品覆盖各类建筑用木材及相关建材，为建筑行业客户提供稳定的供应链支持。
Brown & Brown是总部位于美国佛罗里达州代托纳比奇的保险经纪公司，是美国规模最大的独立保险中介机构之一，面向企业、政府机构、专业组织、行业协会及个人客户提供风险管理解决方案、保险产品及相关服务。
BCC vs BRO — 直观对比
营收规模更大
BRO
是对方的1.1倍
$1.5B
营收增速更快
BRO
高出42.7%
-6.8%
净利率更高
BRO
高出15.9%
0.6%
自由现金流更多
BRO
多$347.0M
$77.0M
两年增速更快
BRO
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.6B |
| 净利润 | $8.7M | $265.0M |
| 毛利率 | — | — |
| 营业利润率 | 1.1% | — |
| 净利率 | 0.6% | 16.5% |
| 营收同比 | -6.8% | 35.8% |
| 净利润同比 | -87.3% | 26.8% |
| 每股收益（稀释后） | $0.25 | $0.55 |
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BCCBRO
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.6B | $1.3B |
净利润BCCBRO
| Q4 25 | $8.7M | $265.0M | ||
| Q3 25 | $21.8M | $227.0M | ||
| Q2 25 | $62.0M | $231.0M | ||
| Q1 25 | $40.3M | $331.0M | ||
| Q4 24 | $68.9M | $209.0M | ||
| Q3 24 | $91.0M | $234.0M | ||
| Q2 24 | $112.3M | $257.0M | ||
| Q1 24 | $104.1M | $293.0M |
营业利润率BCCBRO
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 5.9% | 23.3% | ||
| Q3 24 | 6.8% | 26.7% | ||
| Q2 24 | 8.2% | 29.4% | ||
| Q1 24 | 8.1% | 28.9% |
净利率BCCBRO
| Q4 25 | 0.6% | 16.5% | ||
| Q3 25 | 1.3% | 14.1% | ||
| Q2 25 | 3.6% | 18.0% | ||
| Q1 25 | 2.6% | 23.6% | ||
| Q4 24 | 4.4% | 17.7% | ||
| Q3 24 | 5.3% | 19.7% | ||
| Q2 24 | 6.2% | 21.8% | ||
| Q1 24 | 6.3% | 23.3% |
每股收益（稀释后）BCCBRO
| Q4 25 | $0.25 | $0.55 | ||
| Q3 25 | $0.58 | $0.68 | ||
| Q2 25 | $1.64 | $0.78 | ||
| Q1 25 | $1.06 | $1.15 | ||
| Q4 24 | $1.79 | $0.73 | ||
| Q3 24 | $2.33 | $0.81 | ||
| Q2 24 | $2.84 | $0.90 | ||
| Q1 24 | $2.61 | $1.02 |
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 | $477.2M | $1.1B |
| 总债务越低越好 | — | $7.6B |
| 股东权益账面价值 | $2.1B | $12.6B |
| 总资产 | $3.2B | $30.0B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资BCCBRO
| Q4 25 | $477.2M | $1.1B | ||
| Q3 25 | $511.8M | $1.2B | ||
| Q2 25 | $481.0M | $8.9B | ||
| Q1 25 | $561.8M | $669.0M | ||
| Q4 24 | $713.3M | $685.0M | ||
| Q3 24 | $761.6M | $968.0M | ||
| Q2 24 | $922.1M | $1.1B | ||
| Q1 24 | $890.2M | $591.0M |
总债务BCCBRO
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $3.9B |
股东权益BCCBRO
| Q4 25 | $2.1B | $12.6B | ||
| Q3 25 | $2.1B | $12.4B | ||
| Q2 25 | $2.2B | $11.6B | ||
| Q1 25 | $2.1B | $6.8B | ||
| Q4 24 | $2.2B | $6.4B | ||
| Q3 24 | $2.1B | $6.5B | ||
| Q2 24 | $2.3B | $6.0B | ||
| Q1 24 | $2.3B | $5.8B |
总资产BCCBRO
| Q4 25 | $3.2B | $30.0B | ||
| Q3 25 | $3.4B | $29.4B | ||
| Q2 25 | $3.4B | $25.6B | ||
| Q1 25 | $3.5B | $16.8B | ||
| Q4 24 | $3.4B | $17.6B | ||
| Q3 24 | $3.4B | $17.5B | ||
| Q2 24 | $3.7B | $15.9B | ||
| Q1 24 | $3.6B | $14.8B |
负债/权益比BCCBRO
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.67× |
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 | $131.0M | $444.0M |
| 自由现金流经营现金流 - 资本支出 | $77.0M | $424.0M |
| 自由现金流率自由现金流/营收 | 5.3% | 26.4% |
| 资本支出强度资本支出/营收 | 3.7% | 1.2% |
| 现金转化率经营现金流/净利润 | 15.00× | 1.68× |
| 过去12个月自由现金流最近4个季度 | $12.7M | $1.4B |
8季度趋势，按日历期对齐
经营现金流BCCBRO
| Q4 25 | $131.0M | $444.0M | ||
| Q3 25 | $118.4M | $468.0M | ||
| Q2 25 | $33.2M | $325.0M | ||
| Q1 25 | $-28.5M | $213.0M | ||
| Q4 24 | $94.6M | $361.0M | ||
| Q3 24 | $174.6M | $440.0M | ||
| Q2 24 | $141.7M | $360.0M | ||
| Q1 24 | $27.5M | $13.0M |
自由现金流BCCBRO
| Q4 25 | $77.0M | $424.0M | ||
| Q3 25 | $63.2M | $452.0M | ||
| Q2 25 | $-45.9M | $310.0M | ||
| Q1 25 | $-81.7M | $196.0M | ||
| Q4 24 | $759.0K | $341.0M | ||
| Q3 24 | $112.9M | $417.0M | ||
| Q2 24 | $101.9M | $334.0M | ||
| Q1 24 | $-6.9M | $0 |
自由现金流率BCCBRO
| Q4 25 | 5.3% | 26.4% | ||
| Q3 25 | 3.8% | 28.1% | ||
| Q2 25 | -2.6% | 24.1% | ||
| Q1 25 | -5.3% | 14.0% | ||
| Q4 24 | 0.0% | 28.8% | ||
| Q3 24 | 6.6% | 35.2% | ||
| Q2 24 | 5.7% | 28.4% | ||
| Q1 24 | -0.4% | 0.0% |
资本支出强度BCCBRO
| Q4 25 | 3.7% | 1.2% | ||
| Q3 25 | 3.3% | 1.0% | ||
| Q2 25 | 4.5% | 1.2% | ||
| Q1 25 | 3.5% | 1.2% | ||
| Q4 24 | 6.0% | 1.7% | ||
| Q3 24 | 3.6% | 1.9% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | 2.1% | 1.0% |
现金转化率BCCBRO
| Q4 25 | 15.00× | 1.68× | ||
| Q3 25 | 5.44× | 2.06× | ||
| Q2 25 | 0.54× | 1.41× | ||
| Q1 25 | -0.71× | 0.64× | ||
| Q4 24 | 1.37× | 1.73× | ||
| Q3 24 | 1.92× | 1.88× | ||
| Q2 24 | 1.26× | 1.40× | ||
| Q1 24 | 0.26× | 0.04× |
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
BCC
| General Line | $626.6M | 43% |
| Commodity Product Line | $479.9M | 33% |
| Engineered Wood Products | $256.6M | 18% |
| Plywood And Veneer | $53.3M | 4% |
| Lumber | $10.1M | 1% |
| Laminated Veneer Lumber | $8.9M | 1% |
| Other Wood Products | $4.7M | 0% |
| Other Engineered Wood Products | $3.5M | 0% |
| Ijoists | $3.3M | 0% |
BRO
| US | $1.4B | 87% |
| GB | $147.0M | 9% |
| Profit Sharing Contingent Commission Revenue | $33.0M | 2% |
| Other Supplemental Commissions Revenue | $25.0M | 2% |
