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富兰克林邓普顿（BEN）与BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的3.1倍（$2.3B vs $755.6M）。富兰克林邓普顿净利率更高（11.0% vs 6.3%，领先4.7%）。BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 3.4%）。过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% 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。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
BEN vs OWL — 直观对比
营收规模更大
BEN
是对方的3.1倍
$755.6M
营收增速更快
OWL
高出16.3%
3.4%
净利率更高
BEN
高出4.7%
6.3%
两年增速更快
OWL
近两年复合增速
4.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $755.6M |
| 净利润 | $255.5M | $47.7M |
| 毛利率 | — | — |
| 营业利润率 | 12.1% | 22.2% |
| 净利率 | 11.0% | 6.3% |
| 营收同比 | 3.4% | 19.7% |
| 净利润同比 | 56.2% | 129.8% |
| 每股收益（稀释后） | $0.46 | $0.07 |
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BENOWL
| Q4 25 | $2.3B | $755.6M | ||
| Q3 25 | $2.3B | $728.0M | ||
| Q2 25 | $2.1B | $703.1M | ||
| Q1 25 | $2.1B | $683.5M | ||
| Q4 24 | $2.3B | $631.4M | ||
| Q3 24 | $2.2B | $600.9M | ||
| Q2 24 | $2.1B | $549.8M | ||
| Q1 24 | $2.2B | $513.3M |
净利润BENOWL
| Q4 25 | $255.5M | $47.7M | ||
| Q3 25 | $117.6M | $6.3M | ||
| Q2 25 | $92.3M | $17.4M | ||
| Q1 25 | $151.4M | $7.4M | ||
| Q4 24 | $163.6M | $20.7M | ||
| Q3 24 | $-84.7M | $29.8M | ||
| Q2 24 | $174.0M | $33.9M | ||
| Q1 24 | $124.2M | $25.1M |
营业利润率BENOWL
| Q4 25 | 12.1% | 22.2% | ||
| Q3 25 | 3.6% | 7.6% | ||
| Q2 25 | 7.5% | 12.0% | ||
| Q1 25 | 6.9% | 5.9% | ||
| Q4 24 | 9.7% | 11.7% | ||
| Q3 24 | -6.8% | 18.7% | ||
| Q2 24 | 10.5% | 28.4% | ||
| Q1 24 | 6.0% | 24.7% |
净利率BENOWL
| Q4 25 | 11.0% | 6.3% | ||
| Q3 25 | 5.0% | 0.9% | ||
| Q2 25 | 4.5% | 2.5% | ||
| Q1 25 | 7.2% | 1.1% | ||
| Q4 24 | 7.3% | 3.3% | ||
| Q3 24 | -3.8% | 5.0% | ||
| Q2 24 | 8.2% | 6.2% | ||
| Q1 24 | 5.8% | 4.9% |
每股收益（稀释后）BENOWL
| Q4 25 | $0.46 | $0.07 | ||
| Q3 25 | $0.21 | $0.01 | ||
| Q2 25 | $0.15 | $0.02 | ||
| Q1 25 | $0.26 | $0.00 | ||
| Q4 24 | $0.29 | $0.06 | ||
| Q3 24 | $-0.20 | $0.04 | ||
| Q2 24 | $0.32 | $0.06 | ||
| Q1 24 | $0.23 | $0.04 |
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 | — | $194.5M |
| 总债务越低越好 | $2.4B | $3.3B |
| 股东权益账面价值 | $12.1B | $2.2B |
| 总资产 | $32.5B | $12.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资BENOWL
| Q4 25 | — | $194.5M | ||
| Q3 25 | — | $137.3M | ||
| Q2 25 | — | $117.6M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $152.1M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | — | $436.8M | ||
| Q1 24 | — | $155.8M |
总债务BENOWL
| Q4 25 | $2.4B | $3.3B | ||
| Q3 25 | $2.4B | $3.2B | ||
| Q2 25 | $2.7B | $3.2B | ||
| Q1 25 | $2.7B | $3.2B | ||
| Q4 24 | $2.8B | $2.6B | ||
| Q3 24 | $2.8B | $2.5B | ||
| Q2 24 | $3.0B | $2.5B | ||
| Q1 24 | $3.0B | $2.1B |
股东权益BENOWL
| Q4 25 | $12.1B | $2.2B | ||
| Q3 25 | $12.1B | $2.3B | ||
| Q2 25 | $12.2B | $2.4B | ||
| Q1 25 | $12.3B | $2.3B | ||
| Q4 24 | $12.5B | $2.1B | ||
| Q3 24 | $12.5B | $2.0B | ||
| Q2 24 | $12.9B | $1.7B | ||
| Q1 24 | $12.9B | $1.6B |
总资产BENOWL
| Q4 25 | $32.5B | $12.5B | ||
| Q3 25 | $32.4B | $12.5B | ||
| Q2 25 | $32.6B | $12.3B | ||
| Q1 25 | $32.0B | $12.3B | ||
| Q4 24 | $32.4B | $11.0B | ||
| Q3 24 | $32.5B | $10.8B | ||
| Q2 24 | $33.3B | $9.7B | ||
| Q1 24 | $32.9B | $9.0B |
负债/权益比BENOWL
| Q4 25 | 0.19× | 1.51× | ||
| Q3 25 | 0.20× | 1.41× | ||
| Q2 25 | 0.22× | 1.38× | ||
| Q1 25 | 0.22× | 1.37× | ||
| Q4 24 | 0.22× | 1.22× | ||
| Q3 24 | 0.22× | 1.27× | ||
| Q2 24 | 0.24× | 1.41× | ||
| Q1 24 | 0.24× | 1.26× |
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 | $382.9M |
| 自由现金流经营现金流 - 资本支出 | — | $359.1M |
| 自由现金流率自由现金流/营收 | — | 47.5% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | -1.00× | 8.03× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流BENOWL
| Q4 25 | $-255.1M | $382.9M | ||
| Q3 25 | $-20.7M | $433.1M | ||
| Q2 25 | $1.3B | $422.5M | ||
| Q1 25 | $-50.1M | $17.6M | ||
| Q4 24 | $-145.2M | $324.0M | ||
| Q3 24 | $558.2M | $326.0M | ||
| Q2 24 | $528.4M | $302.3M | ||
| Q1 24 | $136.6M | $47.2M |
自由现金流BENOWL
| Q4 25 | — | $359.1M | ||
| Q3 25 | $-51.9M | $422.5M | ||
| Q2 25 | $1.3B | $412.5M | ||
| Q1 25 | $-87.6M | $4.2M | ||
| Q4 24 | $-217.0M | $310.1M | ||
| Q3 24 | $488.4M | $314.8M | ||
| Q2 24 | $482.3M | $269.4M | ||
| Q1 24 | $94.9M | $41.1M |
自由现金流率BENOWL
| Q4 25 | — | 47.5% | ||
| Q3 25 | -2.2% | 58.0% | ||
| Q2 25 | 61.4% | 58.7% | ||
| Q1 25 | -4.1% | 0.6% | ||
| Q4 24 | -9.6% | 49.1% | ||
| Q3 24 | 22.1% | 52.4% | ||
| Q2 24 | 22.7% | 49.0% | ||
| Q1 24 | 4.4% | 8.0% |
资本支出强度BENOWL
| Q4 25 | — | 3.1% | ||
| Q3 25 | 1.3% | 1.5% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 1.8% | 2.0% | ||
| Q4 24 | 3.2% | 2.2% | ||
| Q3 24 | 3.2% | 1.9% | ||
| Q2 24 | 2.2% | 6.0% | ||
| Q1 24 | 1.9% | 1.2% |
现金转化率BENOWL
| Q4 25 | -1.00× | 8.03× | ||
| Q3 25 | -0.18× | 68.64× | ||
| Q2 25 | 13.89× | 24.25× | ||
| Q1 25 | -0.33× | 2.37× | ||
| Q4 24 | -0.89× | 15.62× | ||
| Q3 24 | — | 10.94× | ||
| Q2 24 | 3.04× | 8.91× | ||
| Q1 24 | 1.10× | 1.88× |
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% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
