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BREAD FINANCIAL HOLDINGS, INC.（BFH）与CREDIT ACCEPTANCE CORP（CACC）财务数据对比。点击上方公司名可切换其他公司
BREAD FINANCIAL HOLDINGS, INC.的季度营收约是CREDIT ACCEPTANCE CORP的1.7倍（$975.0M vs $579.9M）。BREAD FINANCIAL HOLDINGS, INC.同比增速更快（5.4% vs 2.5%）。过去两年CREDIT ACCEPTANCE CORP的营收复合增速更高（6.8% vs -0.8%）
Bread Financial Holdings, Inc.是美国上市金融科技企业，核心业务包括联名信用卡发行、联盟忠诚度计划运营及精准营销服务，依托海量交易数据的捕捉与分析为合作品牌及消费者提供定制化商业解决方案，助力合作方提升用户粘性与经营效益。
Credit Acceptance是一家汽车金融服务提供商，主要提供汽车贷款及相关金融产品。公司通过覆盖全国的合作汽车经销商网络开展业务，设有“投资组合计划”和“采购计划”两大业务项目，可向汽车经销商提供资金，以此换取对应消费者贷款的后续服务权利。
BFH vs CACC — 直观对比
营收规模更大
BFH
是对方的1.7倍
$579.9M
营收增速更快
BFH
高出2.9%
2.5%
两年增速更快
CACC
近两年复合增速
-0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $975.0M | $579.9M |
| 净利润 | — | $122.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.9% | 27.1% |
| 净利率 | — | 21.0% |
| 营收同比 | 5.4% | 2.5% |
| 净利润同比 | — | -19.7% |
| 每股收益（稀释后） | $1.21 | $10.87 |
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BFHCACC
| Q4 25 | $975.0M | $579.9M | ||
| Q3 25 | $971.0M | $582.4M | ||
| Q2 25 | $929.0M | $583.8M | ||
| Q1 25 | $970.0M | $571.1M | ||
| Q4 24 | $925.0M | $565.9M | ||
| Q3 24 | $983.0M | $550.3M | ||
| Q2 24 | $939.0M | $538.2M | ||
| Q1 24 | $991.0M | $508.0M |
净利润BFHCACC
| Q4 25 | — | $122.0M | ||
| Q3 25 | $188.0M | $108.2M | ||
| Q2 25 | $139.0M | $87.4M | ||
| Q1 25 | $138.0M | $106.3M | ||
| Q4 24 | — | $151.9M | ||
| Q3 24 | $2.0M | $78.8M | ||
| Q2 24 | $133.0M | $-47.1M | ||
| Q1 24 | $134.0M | $64.3M |
营业利润率BFHCACC
| Q4 25 | 4.9% | 27.1% | ||
| Q3 25 | 20.2% | 25.6% | ||
| Q2 25 | 18.7% | 20.2% | ||
| Q1 25 | 20.3% | 24.8% | ||
| Q4 24 | -2.9% | 33.9% | ||
| Q3 24 | 4.1% | 19.4% | ||
| Q2 24 | 19.2% | -10.3% | ||
| Q1 24 | 19.0% | 17.0% |
净利率BFHCACC
| Q4 25 | — | 21.0% | ||
| Q3 25 | 19.4% | 18.6% | ||
| Q2 25 | 15.0% | 15.0% | ||
| Q1 25 | 14.2% | 18.6% | ||
| Q4 24 | — | 26.8% | ||
| Q3 24 | 0.2% | 14.3% | ||
| Q2 24 | 14.2% | -8.8% | ||
| Q1 24 | 13.5% | 12.7% |
每股收益（稀释后）BFHCACC
| Q4 25 | $1.21 | $10.87 | ||
| Q3 25 | $3.96 | $9.43 | ||
| Q2 25 | $2.94 | $7.42 | ||
| Q1 25 | $2.78 | $8.66 | ||
| Q4 24 | $0.08 | $12.28 | ||
| Q3 24 | $0.05 | $6.35 | ||
| Q2 24 | $2.66 | $-3.83 | ||
| Q1 24 | $2.70 | $5.08 |
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 | $3.6B | $22.8M |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $3.3B | $1.5B |
| 总资产 | $22.7B | $8.6B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资BFHCACC
| Q4 25 | $3.6B | $22.8M | ||
| Q3 25 | $3.8B | $15.9M | ||
| Q2 25 | $3.8B | $70.0M | ||
| Q1 25 | $4.2B | $528.8M | ||
| Q4 24 | $4.0B | $343.7M | ||
| Q3 24 | $3.5B | $159.7M | ||
| Q2 24 | $4.1B | $8.3M | ||
| Q1 24 | $3.8B | $8.4M |
总债务BFHCACC
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BFHCACC
| Q4 25 | $3.3B | $1.5B | ||
| Q3 25 | $3.3B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.1B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $3.2B | $1.6B | ||
| Q1 24 | $3.0B | $1.7B |
总资产BFHCACC
| Q4 25 | $22.7B | $8.6B | ||
| Q3 25 | $21.7B | $8.6B | ||
| Q2 25 | $21.8B | $8.7B | ||
| Q1 25 | $22.4B | $9.3B | ||
| Q4 24 | $22.9B | $8.9B | ||
| Q3 24 | $21.7B | $8.7B | ||
| Q2 24 | $22.1B | $8.3B | ||
| Q1 24 | $22.3B | $8.1B |
负债/权益比BFHCACC
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $568.0M | $269.3M |
| 自由现金流经营现金流 - 资本支出 | — | $268.9M |
| 自由现金流率自由现金流/营收 | — | 46.4% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流BFHCACC
| Q4 25 | $568.0M | $269.3M | ||
| Q3 25 | $605.0M | $299.4M | ||
| Q2 25 | $526.0M | $139.7M | ||
| Q1 25 | $393.0M | $346.2M | ||
| Q4 24 | $479.0M | $306.2M | ||
| Q3 24 | $456.0M | $317.7M | ||
| Q2 24 | $477.0M | $204.0M | ||
| Q1 24 | $447.0M | $310.0M |
自由现金流BFHCACC
| Q4 25 | — | $268.9M | ||
| Q3 25 | — | $298.8M | ||
| Q2 25 | — | $139.4M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $305.5M | ||
| Q3 24 | — | $317.3M | ||
| Q2 24 | — | $203.6M | ||
| Q1 24 | — | $309.7M |
自由现金流率BFHCACC
| Q4 25 | — | 46.4% | ||
| Q3 25 | — | 51.3% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 54.0% | ||
| Q3 24 | — | 57.7% | ||
| Q2 24 | — | 37.8% | ||
| Q1 24 | — | 61.0% |
资本支出强度BFHCACC
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
现金转化率BFHCACC
| Q4 25 | — | 2.21× | ||
| Q3 25 | 3.22× | 2.77× | ||
| Q2 25 | 3.78× | 1.60× | ||
| Q1 25 | 2.85× | 3.26× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 228.00× | 4.03× | ||
| Q2 24 | 3.59× | — | ||
| Q1 24 | 3.34× | 4.82× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
