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贝壳控股（BEKE）与罗克韦尔自动化（ROK）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罗克韦尔自动化的1.5倍（$3.2B vs $2.1B），罗克韦尔自动化净利率更高（14.5% vs 3.2%，领先11.3%），过去两年贝壳控股的营收复合增速更高（9.8% vs -0.5%）
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。
罗克韦尔自动化是总部位于美国威斯康星州密尔沃基的工业自动化及数字化转型技术提供商，旗下拥有Allen-Bradley、FactoryTalk软件、LifecycleIQ服务等核心品牌，全球员工约2.7万人，服务覆盖100多个国家和地区的客户。
BEKE vs ROK — 直观对比
营收规模更大
BEKE
是对方的1.5倍
$2.1B
净利率更高
ROK
高出11.3%
3.2%
两年增速更快
BEKE
近两年复合增速
-0.5%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.1B |
| 净利润 | $104.9M | $305.0M |
| 毛利率 | 21.4% | 48.3% |
| 营业利润率 | 2.6% | 20.7% |
| 净利率 | 3.2% | 14.5% |
| 营收同比 | — | 11.9% |
| 净利润同比 | — | 65.8% |
| 每股收益（稀释后） | — | $2.69 |
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BEKEROK
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $3.6B | $2.3B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.2B | $2.1B | ||
| Q1 24 | $2.3B | $2.1B |
净利润BEKEROK
| Q4 25 | $104.9M | $305.0M | ||
| Q3 25 | $182.4M | $138.0M | ||
| Q2 25 | — | $295.0M | ||
| Q1 25 | $117.9M | $252.0M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | $166.5M | $239.1M | ||
| Q2 24 | $261.5M | $232.0M | ||
| Q1 24 | $59.8M | $266.2M |
毛利率BEKEROK
| Q4 25 | 21.4% | 48.3% | ||
| Q3 25 | 21.9% | 69.4% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | 20.7% | 40.5% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | 22.7% | 37.9% | ||
| Q2 24 | 27.9% | 38.8% | ||
| Q1 24 | 25.2% | 39.2% |
营业利润率BEKEROK
| Q4 25 | 2.6% | 20.7% | ||
| Q3 25 | 4.1% | 2.7% | ||
| Q2 25 | — | 16.0% | ||
| Q1 25 | 2.5% | 14.9% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | 3.2% | 13.5% | ||
| Q2 24 | 8.6% | 12.4% | ||
| Q1 24 | 0.1% | 14.6% |
净利率BEKEROK
| Q4 25 | 3.2% | 14.5% | ||
| Q3 25 | 5.0% | 6.0% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | 3.7% | 12.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | 5.2% | 11.7% | ||
| Q2 24 | 8.1% | 11.3% | ||
| Q1 24 | 2.6% | 12.5% |
每股收益（稀释后）BEKEROK
| Q4 25 | — | $2.69 | ||
| Q3 25 | — | $1.24 | ||
| Q2 25 | — | $2.60 | ||
| Q1 25 | — | $2.22 | ||
| Q4 24 | — | $1.61 | ||
| Q3 24 | — | $2.09 | ||
| Q2 24 | — | $2.02 | ||
| Q1 24 | — | $2.31 |
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 | $444.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.7B |
| 总资产 | $16.8B | $11.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BEKEROK
| Q4 25 | $1.3B | $444.0M | ||
| Q3 25 | $1.6B | $468.0M | ||
| Q2 25 | — | $495.0M | ||
| Q1 25 | $1.8B | $456.0M | ||
| Q4 24 | — | $477.0M | ||
| Q3 24 | $1.4B | $471.3M | ||
| Q2 24 | $1.3B | $407.0M | ||
| Q1 24 | $2.5B | $470.5M |
总债务BEKEROK
| Q4 25 | — | — | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BEKEROK
| Q4 25 | — | $3.7B | ||
| Q3 25 | $9.6B | $3.7B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | $9.5B | $3.4B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $10.1B | $3.5B | ||
| Q2 24 | $9.7B | $3.3B | ||
| Q1 24 | $9.6B | $3.5B |
总资产BEKEROK
| Q4 25 | $16.8B | $11.2B | ||
| Q3 25 | $17.3B | $11.2B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | $18.0B | $11.0B | ||
| Q4 24 | — | $10.9B | ||
| Q3 24 | $17.5B | $11.2B | ||
| Q2 24 | $16.9B | $11.2B | ||
| Q1 24 | $16.5B | $11.4B |
负债/权益比BEKEROK
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | $234.0M |
| 自由现金流经营现金流 - 资本支出 | — | $170.0M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | — | 0.77× |
| 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BEKEROK
| Q4 25 | — | $234.0M | ||
| Q3 25 | — | $454.0M | ||
| Q2 25 | — | $527.0M | ||
| Q1 25 | $-546.4M | $199.0M | ||
| Q4 24 | — | $364.0M | ||
| Q3 24 | $64.0M | $432.3M | ||
| Q2 24 | — | $279.1M | ||
| Q1 24 | — | $119.8M |
自由现金流BEKEROK
| Q4 25 | — | $170.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $489.0M | ||
| Q1 25 | — | $171.0M | ||
| Q4 24 | — | $293.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $238.4M | ||
| Q1 24 | — | $68.6M |
自由现金流率BEKEROK
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 3.2% |
资本支出强度BEKEROK
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.4% |
现金转化率BEKEROK
| Q4 25 | — | 0.77× | ||
| Q3 25 | — | 3.29× | ||
| Q2 25 | — | 1.79× | ||
| Q1 25 | -4.64× | 0.79× | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | 0.38× | 1.81× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 0.45× |
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% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
