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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是BRIGHT HORIZONS FAMILY SOLUTIONS INC.的1.5倍（$1.1B vs $733.7M），泰瑞达同比增速更快（43.9% vs 8.8%），BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $218.8M），过去两年泰瑞达的营收复合增速更高（34.4% vs 8.5%）
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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
BFAM vs TER — 直观对比
营收规模更大
TER
是对方的1.5倍
$733.7M
营收增速更快
TER
高出35.1%
8.8%
自由现金流更多
BFAM
多$39.8M
$218.8M
两年增速更快
TER
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $1.1B |
| 净利润 | — | $257.2M |
| 毛利率 | 19.3% | 57.2% |
| 营业利润率 | 6.2% | 27.1% |
| 净利率 | — | 23.7% |
| 营收同比 | 8.8% | 43.9% |
| 净利润同比 | — | 75.9% |
| 每股收益（稀释后） | $0.38 | $1.62 |
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BFAMTER
| Q4 25 | $733.7M | $1.1B | ||
| Q3 25 | $802.8M | $769.2M | ||
| Q2 25 | $731.6M | $651.8M | ||
| Q1 25 | $665.5M | $685.7M | ||
| Q4 24 | $674.1M | $752.9M | ||
| Q3 24 | $719.1M | $737.3M | ||
| Q2 24 | $670.1M | $729.9M | ||
| Q1 24 | $622.7M | $599.8M |
净利润BFAMTER
| Q4 25 | — | $257.2M | ||
| Q3 25 | $78.6M | $119.6M | ||
| Q2 25 | $54.8M | $78.4M | ||
| Q1 25 | $38.0M | $98.9M | ||
| Q4 24 | — | $146.3M | ||
| Q3 24 | $54.9M | $145.6M | ||
| Q2 24 | $39.2M | $186.3M | ||
| Q1 24 | $17.0M | $64.2M |
毛利率BFAMTER
| Q4 25 | 19.3% | 57.2% | ||
| Q3 25 | 27.0% | 58.4% | ||
| Q2 25 | 25.0% | 57.2% | ||
| Q1 25 | 23.4% | 60.6% | ||
| Q4 24 | 20.8% | 59.4% | ||
| Q3 24 | 25.2% | 59.2% | ||
| Q2 24 | 24.2% | 58.3% | ||
| Q1 24 | 21.7% | 56.6% |
营业利润率BFAMTER
| Q4 25 | 6.2% | 27.1% | ||
| Q3 25 | 15.1% | 18.9% | ||
| Q2 25 | 11.8% | 13.9% | ||
| Q1 25 | 9.4% | 17.6% | ||
| Q4 24 | 7.2% | 20.4% | ||
| Q3 24 | 12.4% | 20.6% | ||
| Q2 24 | 10.3% | 28.8% | ||
| Q1 24 | 6.4% | 13.0% |
净利率BFAMTER
| Q4 25 | — | 23.7% | ||
| Q3 25 | 9.8% | 15.5% | ||
| Q2 25 | 7.5% | 12.0% | ||
| Q1 25 | 5.7% | 14.4% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | 7.6% | 19.8% | ||
| Q2 24 | 5.8% | 25.5% | ||
| Q1 24 | 2.7% | 10.7% |
每股收益（稀释后）BFAMTER
| Q4 25 | $0.38 | $1.62 | ||
| Q3 25 | $1.37 | $0.75 | ||
| Q2 25 | $0.95 | $0.49 | ||
| Q1 25 | $0.66 | $0.61 | ||
| Q4 24 | $0.50 | $0.89 | ||
| Q3 24 | $0.94 | $0.89 | ||
| Q2 24 | $0.67 | $1.14 | ||
| Q1 24 | $0.29 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | $747.6M | — |
| 股东权益账面价值 | $1.3B | $2.8B |
| 总资产 | $3.9B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
现金及短期投资BFAMTER
| Q4 25 | $140.1M | $293.8M | ||
| Q3 25 | $116.6M | $272.7M | ||
| Q2 25 | $179.2M | $339.3M | ||
| Q1 25 | $112.0M | $475.6M | ||
| Q4 24 | $110.3M | $553.4M | ||
| Q3 24 | $109.9M | $510.0M | ||
| Q2 24 | $140.2M | $421.9M | ||
| Q1 24 | $63.7M | $707.4M |
总债务BFAMTER
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
股东权益BFAMTER
| Q4 25 | $1.3B | $2.8B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.4B | $2.8B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | $1.2B | $2.6B |
总资产BFAMTER
| Q4 25 | $3.9B | $4.2B | ||
| Q3 25 | $3.9B | $4.0B | ||
| Q2 25 | $3.9B | $3.8B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $3.9B | $3.7B | ||
| Q3 24 | $3.9B | $3.8B | ||
| Q2 24 | $3.8B | $3.6B | ||
| Q1 24 | $3.8B | $3.4B |
负债/权益比BFAMTER
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $218.8M |
| 自由现金流率自由现金流/营收 | 35.2% | 20.2% |
| 资本支出强度资本支出/营收 | 12.6% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 1.09× |
| 过去12个月自由现金流最近4个季度 | $402.4M | $450.4M |
8季度趋势，按日历期对齐
经营现金流BFAMTER
| Q4 25 | $350.7M | $281.6M | ||
| Q3 25 | $-17.6M | $49.0M | ||
| Q2 25 | $134.2M | $182.1M | ||
| Q1 25 | $86.2M | $161.6M | ||
| Q4 24 | $337.5M | $282.6M | ||
| Q3 24 | $-8.9M | $166.3M | ||
| Q2 24 | $109.4M | $216.1M | ||
| Q1 24 | $116.3M | $7.3M |
自由现金流BFAMTER
| Q4 25 | $258.5M | $218.8M | ||
| Q3 25 | $-42.4M | $2.4M | ||
| Q2 25 | $115.4M | $131.7M | ||
| Q1 25 | $70.9M | $97.6M | ||
| Q4 24 | $240.2M | $225.2M | ||
| Q3 24 | $-32.2M | $114.4M | ||
| Q2 24 | $86.8M | $171.2M | ||
| Q1 24 | $96.9M | $-36.7M |
自由现金流率BFAMTER
| Q4 25 | 35.2% | 20.2% | ||
| Q3 25 | -5.3% | 0.3% | ||
| Q2 25 | 15.8% | 20.2% | ||
| Q1 25 | 10.7% | 14.2% | ||
| Q4 24 | 35.6% | 29.9% | ||
| Q3 24 | -4.5% | 15.5% | ||
| Q2 24 | 13.0% | 23.5% | ||
| Q1 24 | 15.6% | -6.1% |
资本支出强度BFAMTER
| Q4 25 | 12.6% | 5.8% | ||
| Q3 25 | 3.1% | 6.1% | ||
| Q2 25 | 2.6% | 7.7% | ||
| Q1 25 | 2.3% | 9.3% | ||
| Q4 24 | 14.4% | 7.6% | ||
| Q3 24 | 3.2% | 7.0% | ||
| Q2 24 | 3.4% | 6.1% | ||
| Q1 24 | 3.1% | 7.3% |
现金转化率BFAMTER
| Q4 25 | — | 1.09× | ||
| Q3 25 | -0.22× | 0.41× | ||
| Q2 25 | 2.45× | 2.32× | ||
| Q1 25 | 2.26× | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | -0.16× | 1.14× | ||
| Q2 24 | 2.79× | 1.16× | ||
| Q1 24 | 6.85× | 0.11× |
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
BFAM
暂无分部数据
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
