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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与凯撒娱乐（CZR）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是BRIGHT HORIZONS FAMILY SOLUTIONS INC.的4.0倍（$2.9B vs $733.7M）。BRIGHT HORIZONS FAMILY SOLUTIONS INC.同比增速更快（8.8% vs 4.2%）。BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $147.0M）。过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs 3.1%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
BFAM vs CZR — 直观对比
营收规模更大
CZR
是对方的4.0倍
$733.7M
营收增速更快
BFAM
高出4.7%
4.2%
自由现金流更多
BFAM
多$111.5M
$147.0M
两年增速更快
BFAM
近两年复合增速
3.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $2.9B |
| 净利润 | — | $-250.0M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | 11.4% |
| 净利率 | — | -8.6% |
| 营收同比 | 8.8% | 4.2% |
| 净利润同比 | — | -2372.7% |
| 每股收益（稀释后） | $0.38 | $-1.22 |
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BFAMCZR
| Q4 25 | $733.7M | $2.9B | ||
| Q3 25 | $802.8M | $2.9B | ||
| Q2 25 | $731.6M | $2.9B | ||
| Q1 25 | $665.5M | $2.8B | ||
| Q4 24 | $674.1M | $2.8B | ||
| Q3 24 | $719.1M | $2.9B | ||
| Q2 24 | $670.1M | $2.8B | ||
| Q1 24 | $622.7M | $2.7B |
净利润BFAMCZR
| Q4 25 | — | $-250.0M | ||
| Q3 25 | $78.6M | $-55.0M | ||
| Q2 25 | $54.8M | $-82.0M | ||
| Q1 25 | $38.0M | $-115.0M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | $54.9M | $-9.0M | ||
| Q2 24 | $39.2M | $-122.0M | ||
| Q1 24 | $17.0M | $-158.0M |
毛利率BFAMCZR
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
营业利润率BFAMCZR
| Q4 25 | 6.2% | 11.4% | ||
| Q3 25 | 15.1% | 17.9% | ||
| Q2 25 | 11.8% | 18.1% | ||
| Q1 25 | 9.4% | 17.5% | ||
| Q4 24 | 7.2% | 23.9% | ||
| Q3 24 | 12.4% | 22.4% | ||
| Q2 24 | 10.3% | 17.9% | ||
| Q1 24 | 6.4% | 17.7% |
净利率BFAMCZR
| Q4 25 | — | -8.6% | ||
| Q3 25 | 9.8% | -1.9% | ||
| Q2 25 | 7.5% | -2.8% | ||
| Q1 25 | 5.7% | -4.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 7.6% | -0.3% | ||
| Q2 24 | 5.8% | -4.3% | ||
| Q1 24 | 2.7% | -5.8% |
每股收益（稀释后）BFAMCZR
| Q4 25 | $0.38 | $-1.22 | ||
| Q3 25 | $1.37 | $-0.27 | ||
| Q2 25 | $0.95 | $-0.39 | ||
| Q1 25 | $0.66 | $-0.54 | ||
| Q4 24 | $0.50 | $0.04 | ||
| Q3 24 | $0.94 | $-0.04 | ||
| Q2 24 | $0.67 | $-0.56 | ||
| Q1 24 | $0.29 | $-0.73 |
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 | $140.1M | $887.0M |
| 总债务越低越好 | $747.6M | $11.9B |
| 股东权益账面价值 | $1.3B | $3.5B |
| 总资产 | $3.9B | $31.6B |
| 负债/权益比越低杠杆越低 | 0.56× | 3.40× |
8季度趋势，按日历期对齐
现金及短期投资BFAMCZR
| Q4 25 | $140.1M | $887.0M | ||
| Q3 25 | $116.6M | $836.0M | ||
| Q2 25 | $179.2M | $982.0M | ||
| Q1 25 | $112.0M | $884.0M | ||
| Q4 24 | $110.3M | $866.0M | ||
| Q3 24 | $109.9M | $802.0M | ||
| Q2 24 | $140.2M | $830.0M | ||
| Q1 24 | $63.7M | $726.0M |
总债务BFAMCZR
| Q4 25 | $747.6M | $11.9B | ||
| Q3 25 | $747.5M | $11.9B | ||
| Q2 25 | $797.0M | $12.3B | ||
| Q1 25 | $872.7M | $12.3B | ||
| Q4 24 | $918.4M | $12.3B | ||
| Q3 24 | $925.7M | $12.7B | ||
| Q2 24 | $931.9M | $12.4B | ||
| Q1 24 | $938.1M | $12.4B |
股东权益BFAMCZR
| Q4 25 | $1.3B | $3.5B | ||
| Q3 25 | $1.4B | $3.8B | ||
| Q2 25 | $1.4B | $3.9B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | $1.3B | $4.2B | ||
| Q3 24 | $1.4B | $4.2B | ||
| Q2 24 | $1.3B | $4.3B | ||
| Q1 24 | $1.2B | $4.4B |
总资产BFAMCZR
| Q4 25 | $3.9B | $31.6B | ||
| Q3 25 | $3.9B | $31.9B | ||
| Q2 25 | $3.9B | $32.5B | ||
| Q1 25 | $3.8B | $32.4B | ||
| Q4 24 | $3.9B | $32.6B | ||
| Q3 24 | $3.9B | $33.0B | ||
| Q2 24 | $3.8B | $33.1B | ||
| Q1 24 | $3.8B | $33.1B |
负债/权益比BFAMCZR
| Q4 25 | 0.56× | 3.40× | ||
| Q3 25 | 0.52× | 3.15× | ||
| Q2 25 | 0.57× | 3.15× | ||
| Q1 25 | 0.66× | 3.04× | ||
| Q4 24 | 0.72× | 2.96× | ||
| Q3 24 | 0.66× | 3.04× | ||
| Q2 24 | 0.73× | 2.89× | ||
| Q1 24 | 0.76× | 2.82× |
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 | $350.7M | $304.0M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $147.0M |
| 自由现金流率自由现金流/营收 | 35.2% | 5.0% |
| 资本支出强度资本支出/营收 | 12.6% | 5.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $402.4M | $497.0M |
8季度趋势，按日历期对齐
经营现金流BFAMCZR
| Q4 25 | $350.7M | $304.0M | ||
| Q3 25 | $-17.6M | $318.0M | ||
| Q2 25 | $134.2M | $462.0M | ||
| Q1 25 | $86.2M | $218.0M | ||
| Q4 24 | $337.5M | $309.0M | ||
| Q3 24 | $-8.9M | $232.0M | ||
| Q2 24 | $109.4M | $454.0M | ||
| Q1 24 | $116.3M | $80.0M |
自由现金流BFAMCZR
| Q4 25 | $258.5M | $147.0M | ||
| Q3 25 | $-42.4M | $123.0M | ||
| Q2 25 | $115.4M | $232.0M | ||
| Q1 25 | $70.9M | $-5.0M | ||
| Q4 24 | $240.2M | $30.0M | ||
| Q3 24 | $-32.2M | $-192.0M | ||
| Q2 24 | $86.8M | $125.0M | ||
| Q1 24 | $96.9M | $-184.0M |
自由现金流率BFAMCZR
| Q4 25 | 35.2% | 5.0% | ||
| Q3 25 | -5.3% | 4.3% | ||
| Q2 25 | 15.8% | 8.0% | ||
| Q1 25 | 10.7% | -0.2% | ||
| Q4 24 | 35.6% | 1.1% | ||
| Q3 24 | -4.5% | -6.7% | ||
| Q2 24 | 13.0% | 4.4% | ||
| Q1 24 | 15.6% | -6.7% |
资本支出强度BFAMCZR
| Q4 25 | 12.6% | 5.4% | ||
| Q3 25 | 3.1% | 6.8% | ||
| Q2 25 | 2.6% | 7.9% | ||
| Q1 25 | 2.3% | 8.0% | ||
| Q4 24 | 14.4% | 10.0% | ||
| Q3 24 | 3.2% | 14.8% | ||
| Q2 24 | 3.4% | 11.6% | ||
| Q1 24 | 3.1% | 9.6% |
现金转化率BFAMCZR
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | 28.09× | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
