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贝壳控股（BEKE）与Jackson Financial Inc.（JXN）财务数据对比。点击上方公司名可切换其他公司
贝壳控股的季度营收约是Jackson Financial Inc.的1.6倍（$3.2B vs $2.0B），贝壳控股净利率更高（3.2% vs -10.3%，领先13.5%），过去两年Jackson Financial Inc.的营收复合增速更高（50.1% vs 9.8%）
贝壳控股是中国领先的线上线下一体化居住服务平台，旗下运营贝壳找房等品牌，业务覆盖二手房交易经纪、新房代理销售、房屋租赁、家装改造及居住相关金融咨询服务，可满足消费者全周期居住需求。
本公司是美国大型金融服务企业，旗下子公司面向美国及全球逾40个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品及服务。2019年为美国最大保险提供商，总资产达8151亿美元，入选《财富》世界500强及美国500强榜单。
BEKE vs JXN — 直观对比
营收规模更大
BEKE
是对方的1.6倍
$2.0B
净利率更高
BEKE
高出13.5%
-10.3%
两年增速更快
JXN
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.0B |
| 净利润 | $104.9M | $-204.0M |
| 毛利率 | 21.4% | — |
| 营业利润率 | 2.6% | -18.0% |
| 净利率 | 3.2% | -10.3% |
| 营收同比 | — | 783.6% |
| 净利润同比 | — | -159.1% |
| 每股收益（稀释后） | — | $-3.02 |
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BEKEJXN
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.6B | $1.4B | ||
| Q2 25 | — | $-471.0M | ||
| Q1 25 | $3.2B | $3.8B | ||
| Q3 24 | $3.2B | $2.1B | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $2.3B | $-322.0M | ||
| Q4 23 | — | $882.0M |
净利润BEKEJXN
| Q4 25 | $104.9M | $-204.0M | ||
| Q3 25 | $182.4M | $76.0M | ||
| Q2 25 | — | $179.0M | ||
| Q1 25 | $117.9M | $-24.0M | ||
| Q3 24 | $166.5M | $-469.0M | ||
| Q2 24 | $261.5M | $275.0M | ||
| Q1 24 | $59.8M | $795.0M | ||
| Q4 23 | — | $-1.6B |
毛利率BEKEJXN
| Q4 25 | 21.4% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 20.7% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 25.2% | — | ||
| Q4 23 | — | — |
营业利润率BEKEJXN
| Q4 25 | 2.6% | -18.0% | ||
| Q3 25 | 4.1% | 5.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.5% | -0.5% | ||
| Q3 24 | 3.2% | -27.3% | ||
| Q2 24 | 8.6% | 25.5% | ||
| Q1 24 | 0.1% | — | ||
| Q4 23 | — | -221.7% |
净利率BEKEJXN
| Q4 25 | 3.2% | -10.3% | ||
| Q3 25 | 5.0% | 5.4% | ||
| Q2 25 | — | -38.0% | ||
| Q1 25 | 3.7% | -0.6% | ||
| Q3 24 | 5.2% | -22.1% | ||
| Q2 24 | 8.1% | 22.1% | ||
| Q1 24 | 2.6% | -246.9% | ||
| Q4 23 | — | -176.9% |
每股收益（稀释后）BEKEJXN
| Q4 25 | — | $-3.02 | ||
| Q3 25 | — | $0.92 | ||
| Q2 25 | — | $2.34 | ||
| Q1 25 | — | $-0.48 | ||
| Q3 24 | — | $-6.37 | ||
| Q2 24 | — | $3.43 | ||
| Q1 24 | — | $9.94 | ||
| Q4 23 | — | $-18.69 |
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 | $1.3B | $5.7B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | — | $10.0B |
| 总资产 | $16.8B | $352.6B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资BEKEJXN
| Q4 25 | $1.3B | $5.7B | ||
| Q3 25 | $1.6B | $4.6B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | $1.8B | $3.9B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $2.5B | $2.5B | ||
| Q4 23 | — | $2.7B |
总债务BEKEJXN
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B | ||
| Q4 23 | — | $2.0B |
股东权益BEKEJXN
| Q4 25 | — | $10.0B | ||
| Q3 25 | $9.6B | $10.2B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | $9.5B | $10.3B | ||
| Q3 24 | $10.1B | $10.7B | ||
| Q2 24 | $9.7B | $10.1B | ||
| Q1 24 | $9.6B | $10.2B | ||
| Q4 23 | — | $10.2B |
总资产BEKEJXN
| Q4 25 | $16.8B | $352.6B | ||
| Q3 25 | $17.3B | $353.6B | ||
| Q2 25 | — | $343.7B | ||
| Q1 25 | $18.0B | $327.2B | ||
| Q3 24 | $17.5B | $345.7B | ||
| Q2 24 | $16.9B | $337.8B | ||
| Q1 24 | $16.5B | $340.3B | ||
| Q4 23 | — | $330.3B |
负债/权益比BEKEJXN
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.20× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× | ||
| Q4 23 | — | 0.20× |
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 | — | $1.6B |
| 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 | — | — |
| 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BEKEJXN
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $-546.4M | $1.6B | ||
| Q3 24 | $64.0M | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B | ||
| Q4 23 | — | $1.6B |
现金转化率BEKEJXN
| Q4 25 | — | — | ||
| Q3 25 | — | 18.03× | ||
| Q2 25 | — | 6.55× | ||
| Q1 25 | -4.64× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | 5.37× | ||
| Q1 24 | — | 1.79× | ||
| Q4 23 | — | — |
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
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
JXN
| Retail Annuities Segment | $1.5B | 74% |
| Closed Life And Annuity Blocks Segment | $298.0M | 15% |
| Institutional Products Segment | $146.0M | 7% |
| Other | $70.0M | 4% |
