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富兰克林邓普顿（BEN）与好时（HSY）财务数据对比。点击上方公司名可切换其他公司
好时的季度营收约是富兰克林邓普顿的1.3倍（$3.1B vs $2.3B），富兰克林邓普顿净利率更高（11.0% vs 10.4%，领先0.6%），好时同比增速更快（7.0% vs 3.4%），过去两年富兰克林邓普顿的营收复合增速更高（4.0% vs -2.5%）
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。
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
BEN vs HSY — 直观对比
营收规模更大
HSY
是对方的1.3倍
$2.3B
营收增速更快
HSY
高出3.7%
3.4%
净利率更高
BEN
高出0.6%
10.4%
两年增速更快
BEN
近两年复合增速
-2.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $3.1B |
| 净利润 | $255.5M | $320.0M |
| 毛利率 | — | 37.0% |
| 营业利润率 | 12.1% | 14.4% |
| 净利率 | 11.0% | 10.4% |
| 营收同比 | 3.4% | 7.0% |
| 净利润同比 | 56.2% | -59.8% |
| 每股收益（稀释后） | $0.46 | — |
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BENHSY
| Q4 25 | $2.3B | $3.1B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.1B | $2.8B | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $2.2B | $3.3B |
净利润BENHSY
| Q4 25 | $255.5M | $320.0M | ||
| Q3 25 | $117.6M | $276.3M | ||
| Q2 25 | $92.3M | $62.7M | ||
| Q1 25 | $151.4M | $224.2M | ||
| Q4 24 | $163.6M | $796.6M | ||
| Q3 24 | $-84.7M | $446.3M | ||
| Q2 24 | $174.0M | $180.9M | ||
| Q1 24 | $124.2M | $797.5M |
毛利率BENHSY
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 54.0% | ||
| Q3 24 | — | 41.3% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 51.5% |
营业利润率BENHSY
| Q4 25 | 12.1% | 14.4% | ||
| Q3 25 | 3.6% | 13.7% | ||
| Q2 25 | 7.5% | 7.4% | ||
| Q1 25 | 6.9% | 13.2% | ||
| Q4 24 | 9.7% | 32.5% | ||
| Q3 24 | -6.8% | 20.5% | ||
| Q2 24 | 10.5% | 13.9% | ||
| Q1 24 | 6.0% | 32.5% |
净利率BENHSY
| Q4 25 | 11.0% | 10.4% | ||
| Q3 25 | 5.0% | 8.7% | ||
| Q2 25 | 4.5% | 2.4% | ||
| Q1 25 | 7.2% | 8.0% | ||
| Q4 24 | 7.3% | 27.6% | ||
| Q3 24 | -3.8% | 14.9% | ||
| Q2 24 | 8.2% | 8.7% | ||
| Q1 24 | 5.8% | 24.5% |
每股收益（稀释后）BENHSY
| Q4 25 | $0.46 | — | ||
| Q3 25 | $0.21 | — | ||
| Q2 25 | $0.15 | — | ||
| Q1 25 | $0.26 | — | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $-0.20 | — | ||
| Q2 24 | $0.32 | — | ||
| Q1 24 | $0.23 | — |
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 | — | — |
| 总债务越低越好 | $2.4B | $4.7B |
| 股东权益账面价值 | $12.1B | $4.6B |
| 总资产 | $32.5B | $13.7B |
| 负债/权益比越低杠杆越低 | 0.19× | 1.01× |
8季度趋势，按日历期对齐
总债务BENHSY
| Q4 25 | $2.4B | $4.7B | ||
| Q3 25 | $2.4B | $4.7B | ||
| Q2 25 | $2.7B | $5.2B | ||
| Q1 25 | $2.7B | $5.2B | ||
| Q4 24 | $2.8B | $3.2B | ||
| Q3 24 | $2.8B | $3.2B | ||
| Q2 24 | $3.0B | $3.5B | ||
| Q1 24 | $3.0B | $3.8B |
股东权益BENHSY
| Q4 25 | $12.1B | $4.6B | ||
| Q3 25 | $12.1B | $4.6B | ||
| Q2 25 | $12.2B | $4.5B | ||
| Q1 25 | $12.3B | $4.7B | ||
| Q4 24 | $12.5B | $4.7B | ||
| Q3 24 | $12.5B | $4.2B | ||
| Q2 24 | $12.9B | $4.0B | ||
| Q1 24 | $12.9B | $4.1B |
总资产BENHSY
| Q4 25 | $32.5B | $13.7B | ||
| Q3 25 | $32.4B | $13.6B | ||
| Q2 25 | $32.6B | $13.6B | ||
| Q1 25 | $32.0B | $14.0B | ||
| Q4 24 | $32.4B | $12.9B | ||
| Q3 24 | $32.5B | $12.6B | ||
| Q2 24 | $33.3B | $12.4B | ||
| Q1 24 | $32.9B | $12.4B |
负债/权益比BENHSY
| Q4 25 | 0.19× | 1.01× | ||
| Q3 25 | 0.20× | 1.02× | ||
| Q2 25 | 0.22× | 1.15× | ||
| Q1 25 | 0.22× | 1.11× | ||
| Q4 24 | 0.22× | 0.68× | ||
| Q3 24 | 0.22× | 0.76× | ||
| Q2 24 | 0.24× | 0.87× | ||
| Q1 24 | 0.24× | 0.92× |
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 | $926.6M |
| 自由现金流经营现金流 - 资本支出 | — | $788.5M |
| 自由现金流率自由现金流/营收 | — | 25.5% |
| 资本支出强度资本支出/营收 | — | 4.5% |
| 现金转化率经营现金流/净利润 | -1.00× | 2.90× |
| 过去12个月自由现金流最近4个季度 | — | $1.8B |
8季度趋势，按日历期对齐
经营现金流BENHSY
| Q4 25 | $-255.1M | $926.6M | ||
| Q3 25 | $-20.7M | $841.9M | ||
| Q2 25 | $1.3B | $112.2M | ||
| Q1 25 | $-50.1M | $396.7M | ||
| Q4 24 | $-145.2M | $941.6M | ||
| Q3 24 | $558.2M | $695.3M | ||
| Q2 24 | $528.4M | $325.6M | ||
| Q1 24 | $136.6M | $569.1M |
自由现金流BENHSY
| Q4 25 | — | $788.5M | ||
| Q3 25 | $-51.9M | $756.0M | ||
| Q2 25 | $1.3B | $27.1M | ||
| Q1 25 | $-87.6M | $251.2M | ||
| Q4 24 | $-217.0M | $807.1M | ||
| Q3 24 | $488.4M | $567.3M | ||
| Q2 24 | $482.3M | $195.5M | ||
| Q1 24 | $94.9M | $355.8M |
自由现金流率BENHSY
| Q4 25 | — | 25.5% | ||
| Q3 25 | -2.2% | 23.8% | ||
| Q2 25 | 61.4% | 1.0% | ||
| Q1 25 | -4.1% | 9.0% | ||
| Q4 24 | -9.6% | 28.0% | ||
| Q3 24 | 22.1% | 19.0% | ||
| Q2 24 | 22.7% | 9.4% | ||
| Q1 24 | 4.4% | 10.9% |
资本支出强度BENHSY
| Q4 25 | — | 4.5% | ||
| Q3 25 | 1.3% | 2.7% | ||
| Q2 25 | 0.7% | 3.3% | ||
| Q1 25 | 1.8% | 5.2% | ||
| Q4 24 | 3.2% | 4.7% | ||
| Q3 24 | 3.2% | 4.3% | ||
| Q2 24 | 2.2% | 6.3% | ||
| Q1 24 | 1.9% | 6.6% |
现金转化率BENHSY
| Q4 25 | -1.00× | 2.90× | ||
| Q3 25 | -0.18× | 3.05× | ||
| Q2 25 | 13.89× | 1.79× | ||
| Q1 25 | -0.33× | 1.77× | ||
| Q4 24 | -0.89× | 1.18× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | 3.04× | 1.80× | ||
| Q1 24 | 1.10× | 0.71× |
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% |
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
