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富兰克林邓普顿（BEN）与华利安（HLI）财务数据对比。点击上方公司名可切换其他公司
富兰克林邓普顿的季度营收约是华利安的3.2倍（$2.3B vs $717.1M）。华利安净利率更高（16.3% vs 11.0%，领先5.3%）。华利安同比增速更快（13.0% vs 3.4%）。过去两年华利安的营收复合增速更高（17.4% vs 4.0%）
富兰克林资源（运营品牌为富兰克林邓普顿）是美国跨国投资管理控股集团，1947年创立于纽约，纽交所上市代码为BEN，命名源自创始人敬仰的本杰明·富兰克林，是全球知名的综合投资服务机构。
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
BEN vs HLI — 直观对比
营收规模更大
BEN
是对方的3.2倍
$717.1M
营收增速更快
HLI
高出9.7%
3.4%
净利率更高
HLI
高出5.3%
11.0%
两年增速更快
HLI
近两年复合增速
4.0%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $717.1M |
| 净利润 | $255.5M | $116.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | 12.1% | 22.4% |
| 净利率 | 11.0% | 16.3% |
| 营收同比 | 3.4% | 13.0% |
| 净利润同比 | 56.2% | 22.3% |
| 每股收益（稀释后） | $0.46 | $1.70 |
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BENHLI
| Q4 25 | $2.3B | $717.1M | ||
| Q3 25 | $2.3B | $659.5M | ||
| Q2 25 | $2.1B | $605.3M | ||
| Q1 25 | $2.1B | $666.4M | ||
| Q4 24 | $2.3B | $634.4M | ||
| Q3 24 | $2.2B | $575.0M | ||
| Q2 24 | $2.1B | $513.6M | ||
| Q1 24 | $2.2B | $520.5M |
净利润BENHLI
| Q4 25 | $255.5M | $116.5M | ||
| Q3 25 | $117.6M | $111.8M | ||
| Q2 25 | $92.3M | $97.5M | ||
| Q1 25 | $151.4M | $121.9M | ||
| Q4 24 | $163.6M | $95.3M | ||
| Q3 24 | $-84.7M | $93.5M | ||
| Q2 24 | $174.0M | $88.9M | ||
| Q1 24 | $124.2M | $81.1M |
毛利率BENHLI
| Q4 25 | — | 32.2% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | — | 33.0% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 30.3% |
营业利润率BENHLI
| Q4 25 | 12.1% | 22.4% | ||
| Q3 25 | 3.6% | 22.9% | ||
| Q2 25 | 7.5% | 14.8% | ||
| Q1 25 | 6.9% | 20.9% | ||
| Q4 24 | 9.7% | 21.5% | ||
| Q3 24 | -6.8% | 22.7% | ||
| Q2 24 | 10.5% | 18.6% | ||
| Q1 24 | 6.0% | 19.7% |
净利率BENHLI
| Q4 25 | 11.0% | 16.3% | ||
| Q3 25 | 5.0% | 17.0% | ||
| Q2 25 | 4.5% | 16.1% | ||
| Q1 25 | 7.2% | 18.3% | ||
| Q4 24 | 7.3% | 15.0% | ||
| Q3 24 | -3.8% | 16.3% | ||
| Q2 24 | 8.2% | 17.3% | ||
| Q1 24 | 5.8% | 15.6% |
每股收益（稀释后）BENHLI
| Q4 25 | $0.46 | $1.70 | ||
| Q3 25 | $0.21 | $1.63 | ||
| Q2 25 | $0.15 | $1.42 | ||
| Q1 25 | $0.26 | $1.76 | ||
| Q4 24 | $0.29 | $1.39 | ||
| Q3 24 | $-0.20 | $1.37 | ||
| Q2 24 | $0.32 | $1.30 | ||
| Q1 24 | $0.23 | $1.18 |
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 | — | $1.1B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $12.1B | $2.3B |
| 总资产 | $32.5B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资BENHLI
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $923.6M | ||
| Q2 25 | — | $793.8M | ||
| Q1 25 | — | $971.0M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | — | $691.4M | ||
| Q2 24 | — | $449.7M | ||
| Q1 24 | — | $721.2M |
总债务BENHLI
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.0B | — |
股东权益BENHLI
| Q4 25 | $12.1B | $2.3B | ||
| Q3 25 | $12.1B | $2.2B | ||
| Q2 25 | $12.2B | $2.2B | ||
| Q1 25 | $12.3B | $2.2B | ||
| Q4 24 | $12.5B | $2.1B | ||
| Q3 24 | $12.5B | $2.0B | ||
| Q2 24 | $12.9B | $1.8B | ||
| Q1 24 | $12.9B | $1.8B |
总资产BENHLI
| Q4 25 | $32.5B | $3.9B | ||
| Q3 25 | $32.4B | $3.8B | ||
| Q2 25 | $32.6B | $3.5B | ||
| Q1 25 | $32.0B | $3.8B | ||
| Q4 24 | $32.4B | $3.5B | ||
| Q3 24 | $32.5B | $3.2B | ||
| Q2 24 | $33.3B | $2.9B | ||
| Q1 24 | $32.9B | $3.2B |
负债/权益比BENHLI
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | 0.22× | — | ||
| Q2 24 | 0.24× | — | ||
| Q1 24 | 0.24× | — |
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 | $-255.1M | $217.7M |
| 自由现金流经营现金流 - 资本支出 | — | $217.0M |
| 自由现金流率自由现金流/营收 | — | 30.3% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | -1.00× | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | $738.9M |
8季度趋势，按日历期对齐
经营现金流BENHLI
| Q4 25 | $-255.1M | $217.7M | ||
| Q3 25 | $-20.7M | $325.0M | ||
| Q2 25 | $1.3B | $-131.6M | ||
| Q1 25 | $-50.1M | $358.4M | ||
| Q4 24 | $-145.2M | $265.5M | ||
| Q3 24 | $558.2M | $289.2M | ||
| Q2 24 | $528.4M | $-64.5M | ||
| Q1 24 | $136.6M | $225.3M |
自由现金流BENHLI
| Q4 25 | — | $217.0M | ||
| Q3 25 | $-51.9M | $322.8M | ||
| Q2 25 | $1.3B | $-144.8M | ||
| Q1 25 | $-87.6M | $343.9M | ||
| Q4 24 | $-217.0M | $261.7M | ||
| Q3 24 | $488.4M | $278.7M | ||
| Q2 24 | $482.3M | $-75.4M | ||
| Q1 24 | $94.9M | $213.1M |
自由现金流率BENHLI
| Q4 25 | — | 30.3% | ||
| Q3 25 | -2.2% | 49.0% | ||
| Q2 25 | 61.4% | -23.9% | ||
| Q1 25 | -4.1% | 51.6% | ||
| Q4 24 | -9.6% | 41.2% | ||
| Q3 24 | 22.1% | 48.5% | ||
| Q2 24 | 22.7% | -14.7% | ||
| Q1 24 | 4.4% | 40.9% |
资本支出强度BENHLI
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 1.8% | 2.2% | ||
| Q4 24 | 3.2% | 0.6% | ||
| Q3 24 | 3.2% | 1.8% | ||
| Q2 24 | 2.2% | 2.1% | ||
| Q1 24 | 1.9% | 2.3% |
现金转化率BENHLI
| Q4 25 | -1.00× | 1.87× | ||
| Q3 25 | -0.18× | 2.91× | ||
| Q2 25 | 13.89× | -1.35× | ||
| Q1 25 | -0.33× | 2.94× | ||
| Q4 24 | -0.89× | 2.79× | ||
| Q3 24 | — | 3.09× | ||
| Q2 24 | 3.04× | -0.73× | ||
| Q1 24 | 1.10× | 2.78× |
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
BEN
| Investment Advisory Management And Administrative Service | $1.8B | 79% |
| Sales And Distribution Fees | $388.7M | 17% |
| Shareholder Service | $70.9M | 3% |
| Service Other | $19.6M | 1% |
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
