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富兰克林邓普顿（BEN）与纳斯达克（NDAQ）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纳斯达克的1.1倍（$2.3B vs $2.1B），纳斯达克净利率更高（24.3% vs 11.0%，领先13.3%），富兰克林邓普顿同比增速更快（3.4% vs 2.0%），过去两年纳斯达克的营收复合增速更高（9.2% 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。
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
BEN vs NDAQ — 直观对比
营收规模更大
BEN
是对方的1.1倍
$2.1B
营收增速更快
BEN
高出1.4%
2.0%
净利率更高
NDAQ
高出13.3%
11.0%
两年增速更快
NDAQ
近两年复合增速
4.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.1B |
| 净利润 | $255.5M | $519.0M |
| 毛利率 | — | — |
| 营业利润率 | 12.1% | 30.7% |
| 净利率 | 11.0% | 24.3% |
| 营收同比 | 3.4% | 2.0% |
| 净利润同比 | 56.2% | 31.4% |
| 每股收益（稀释后） | $0.46 | $0.91 |
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BENNDAQ
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.3B | $2.1B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.1B | $2.1B | ||
| Q1 25 | $2.1B | $2.1B | ||
| Q4 24 | $2.3B | $2.0B | ||
| Q3 24 | $2.2B | $1.9B | ||
| Q2 24 | $2.1B | $1.8B |
净利润BENNDAQ
| Q1 26 | — | $519.0M | ||
| Q4 25 | $255.5M | $518.0M | ||
| Q3 25 | $117.6M | $423.0M | ||
| Q2 25 | $92.3M | $452.0M | ||
| Q1 25 | $151.4M | $395.0M | ||
| Q4 24 | $163.6M | $355.0M | ||
| Q3 24 | $-84.7M | $306.0M | ||
| Q2 24 | $174.0M | $222.0M |
毛利率BENNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 65.5% | ||
| Q3 25 | — | 67.2% | ||
| Q2 25 | — | 62.5% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 60.4% | ||
| Q3 24 | — | 60.3% | ||
| Q2 24 | — | 64.7% |
营业利润率BENNDAQ
| Q1 26 | — | 30.7% | ||
| Q4 25 | 12.1% | 29.7% | ||
| Q3 25 | 3.6% | 29.9% | ||
| Q2 25 | 7.5% | 27.2% | ||
| Q1 25 | 6.9% | 26.2% | ||
| Q4 24 | 9.7% | 25.4% | ||
| Q3 24 | -6.8% | 23.6% | ||
| Q2 24 | 10.5% | 23.6% |
净利率BENNDAQ
| Q1 26 | — | 24.3% | ||
| Q4 25 | 11.0% | 24.4% | ||
| Q3 25 | 5.0% | 21.6% | ||
| Q2 25 | 4.5% | 21.6% | ||
| Q1 25 | 7.2% | 18.9% | ||
| Q4 24 | 7.3% | 17.5% | ||
| Q3 24 | -3.8% | 16.1% | ||
| Q2 24 | 8.2% | 12.4% |
每股收益（稀释后）BENNDAQ
| Q1 26 | — | $0.91 | ||
| Q4 25 | $0.46 | $0.90 | ||
| Q3 25 | $0.21 | $0.73 | ||
| Q2 25 | $0.15 | $0.78 | ||
| Q1 25 | $0.26 | $0.68 | ||
| Q4 24 | $0.29 | $0.62 | ||
| Q3 24 | $-0.20 | $0.53 | ||
| Q2 24 | $0.32 | $0.38 |
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 | — | $515.0M |
| 总债务越低越好 | $2.4B | $9.0B |
| 股东权益账面价值 | $12.1B | $12.0B |
| 总资产 | $32.5B | $27.3B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资BENNDAQ
| Q1 26 | — | $515.0M | ||
| Q4 25 | — | $604.0M | ||
| Q3 25 | — | $470.0M | ||
| Q2 25 | — | $732.0M | ||
| Q1 25 | — | $690.0M | ||
| Q4 24 | — | $592.0M | ||
| Q3 24 | — | $266.0M | ||
| Q2 24 | — | $416.0M |
总债务BENNDAQ
| Q1 26 | — | $9.0B | ||
| Q4 25 | $2.4B | $8.6B | ||
| Q3 25 | $2.4B | $8.7B | ||
| Q2 25 | $2.7B | $8.7B | ||
| Q1 25 | $2.7B | $8.9B | ||
| Q4 24 | $2.8B | $9.1B | ||
| Q3 24 | $2.8B | $9.4B | ||
| Q2 24 | $3.0B | $9.2B |
股东权益BENNDAQ
| Q1 26 | — | $12.0B | ||
| Q4 25 | $12.1B | $12.2B | ||
| Q3 25 | $12.1B | $12.0B | ||
| Q2 25 | $12.2B | $11.8B | ||
| Q1 25 | $12.3B | $11.5B | ||
| Q4 24 | $12.5B | $11.2B | ||
| Q3 24 | $12.5B | $11.1B | ||
| Q2 24 | $12.9B | $10.9B |
总资产BENNDAQ
| Q1 26 | — | $27.3B | ||
| Q4 25 | $32.5B | $31.1B | ||
| Q3 25 | $32.4B | $30.7B | ||
| Q2 25 | $32.6B | $30.4B | ||
| Q1 25 | $32.0B | $30.6B | ||
| Q4 24 | $32.4B | $30.4B | ||
| Q3 24 | $32.5B | $30.6B | ||
| Q2 24 | $33.3B | $30.2B |
负债/权益比BENNDAQ
| Q1 26 | — | 0.74× | ||
| Q4 25 | 0.19× | 0.70× | ||
| Q3 25 | 0.20× | 0.72× | ||
| Q2 25 | 0.22× | 0.73× | ||
| Q1 25 | 0.22× | 0.77× | ||
| Q4 24 | 0.22× | 0.81× | ||
| Q3 24 | 0.22× | 0.85× | ||
| Q2 24 | 0.24× | 0.85× |
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 | — |
| 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 | -1.00× | — |
| 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BENNDAQ
| Q1 26 | — | — | ||
| Q4 25 | $-255.1M | $625.0M | ||
| Q3 25 | $-20.7M | $221.0M | ||
| Q2 25 | $1.3B | $746.0M | ||
| Q1 25 | $-50.1M | $663.0M | ||
| Q4 24 | $-145.2M | $705.0M | ||
| Q3 24 | $558.2M | $244.0M | ||
| Q2 24 | $528.4M | $460.0M |
自由现金流BENNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | $536.0M | ||
| Q3 25 | $-51.9M | $152.0M | ||
| Q2 25 | $1.3B | $687.0M | ||
| Q1 25 | $-87.6M | $614.0M | ||
| Q4 24 | $-217.0M | $645.0M | ||
| Q3 24 | $488.4M | $188.0M | ||
| Q2 24 | $482.3M | $408.0M |
自由现金流率BENNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 25.2% | ||
| Q3 25 | -2.2% | 7.8% | ||
| Q2 25 | 61.4% | 32.9% | ||
| Q1 25 | -4.1% | 29.4% | ||
| Q4 24 | -9.6% | 31.7% | ||
| Q3 24 | 22.1% | 9.9% | ||
| Q2 24 | 22.7% | 22.8% |
资本支出强度BENNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | 1.3% | 3.5% | ||
| Q2 25 | 0.7% | 2.8% | ||
| Q1 25 | 1.8% | 2.3% | ||
| Q4 24 | 3.2% | 3.0% | ||
| Q3 24 | 3.2% | 2.9% | ||
| Q2 24 | 2.2% | 2.9% |
现金转化率BENNDAQ
| Q1 26 | — | — | ||
| Q4 25 | -1.00× | 1.21× | ||
| Q3 25 | -0.18× | 0.52× | ||
| Q2 25 | 13.89× | 1.65× | ||
| Q1 25 | -0.33× | 1.68× | ||
| Q4 24 | -0.89× | 1.99× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | 3.04× | 2.07× |
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% |
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
