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BGC Group, Inc.（BGC）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
BGC Group, Inc.的季度营收约是美森的1.1倍（$955.5M vs $851.9M），美森净利率更高（16.8% vs 8.4%，领先8.4%），BGC Group, Inc.同比增速更快（43.8% vs -4.3%），过去两年BGC Group, Inc.的营收复合增速更高（48.2% vs 8.6%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
BGC vs MATX — 直观对比
营收规模更大
BGC
是对方的1.1倍
$851.9M
营收增速更快
BGC
高出48.1%
-4.3%
净利率更高
MATX
高出8.4%
8.4%
两年增速更快
BGC
近两年复合增速
8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $955.5M | $851.9M |
| 净利润 | $80.6M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 16.9% |
| 净利率 | 8.4% | 16.8% |
| 营收同比 | 43.8% | -4.3% |
| 净利润同比 | — | 11.8% |
| 每股收益（稀释后） | $0.17 | $4.47 |
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BGCMATX
| Q1 26 | $955.5M | — | ||
| Q4 25 | $638.6M | $851.9M | ||
| Q3 25 | $620.8M | $880.1M | ||
| Q2 25 | $648.0M | $830.5M | ||
| Q1 25 | $534.6M | $782.0M | ||
| Q4 24 | $475.2M | $890.3M | ||
| Q3 24 | $448.9M | $962.0M | ||
| Q2 24 | $435.0M | $847.4M |
净利润BGCMATX
| Q1 26 | $80.6M | — | ||
| Q4 25 | $14.4M | $143.1M | ||
| Q3 25 | $27.9M | $134.7M | ||
| Q2 25 | $57.5M | $94.7M | ||
| Q1 25 | $55.2M | $72.3M | ||
| Q4 24 | $25.2M | $128.0M | ||
| Q3 24 | $14.7M | $199.1M | ||
| Q2 24 | $37.8M | $113.2M |
营业利润率BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 16.9% | ||
| Q3 25 | 5.4% | 18.3% | ||
| Q2 25 | 11.6% | 13.6% | ||
| Q1 25 | 15.0% | 10.5% | ||
| Q4 24 | 5.7% | 16.6% | ||
| Q3 24 | 4.4% | 25.2% | ||
| Q2 24 | 12.7% | 14.7% |
净利率BGCMATX
| Q1 26 | 8.4% | — | ||
| Q4 25 | 2.3% | 16.8% | ||
| Q3 25 | 4.5% | 15.3% | ||
| Q2 25 | 8.9% | 11.4% | ||
| Q1 25 | 10.3% | 9.2% | ||
| Q4 24 | 5.3% | 14.4% | ||
| Q3 24 | 3.3% | 20.7% | ||
| Q2 24 | 8.7% | 13.4% |
每股收益（稀释后）BGCMATX
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.03 | $4.47 | ||
| Q3 25 | $0.06 | $4.24 | ||
| Q2 25 | $0.11 | $2.92 | ||
| Q1 25 | $0.11 | $2.18 | ||
| Q4 24 | $0.04 | $3.69 | ||
| Q3 24 | $0.03 | $5.89 | ||
| Q2 24 | $0.08 | $3.31 |
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 | $781.0M | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $1.1B | $2.8B |
| 总资产 | $5.9B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资BGCMATX
| Q1 26 | $781.0M | — | ||
| Q4 25 | $851.5M | $141.9M | ||
| Q3 25 | $774.9M | $92.7M | ||
| Q2 25 | $827.8M | $59.1M | ||
| Q1 25 | $966.4M | $122.0M | ||
| Q4 24 | $711.6M | $266.8M | ||
| Q3 24 | $563.5M | $270.3M | ||
| Q2 24 | $571.7M | $168.2M |
总债务BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $361.2M | ||
| Q3 25 | $1.8B | $370.9M | ||
| Q2 25 | $1.8B | $341.3M | ||
| Q1 25 | $1.1B | $351.1M | ||
| Q4 24 | $1.1B | $361.2M | ||
| Q3 24 | $1.4B | $370.9M | ||
| Q2 24 | $1.4B | $381.0M |
股东权益BGCMATX
| Q1 26 | $1.1B | — | ||
| Q4 25 | $972.5M | $2.8B | ||
| Q3 25 | $965.3M | $2.7B | ||
| Q2 25 | $930.5M | $2.6B | ||
| Q1 25 | $963.8M | $2.6B | ||
| Q4 24 | $898.5M | $2.7B | ||
| Q3 24 | $860.1M | $2.6B | ||
| Q2 24 | $858.1M | $2.4B |
总资产BGCMATX
| Q1 26 | $5.9B | — | ||
| Q4 25 | $4.4B | $4.6B | ||
| Q3 25 | $5.8B | $4.6B | ||
| Q2 25 | $4.9B | $4.5B | ||
| Q1 25 | $4.9B | $4.5B | ||
| Q4 24 | $3.6B | $4.6B | ||
| Q3 24 | $4.4B | $4.4B | ||
| Q2 24 | $4.3B | $4.3B |
负债/权益比BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | 0.13× | ||
| Q3 25 | 1.90× | 0.14× | ||
| Q2 25 | 1.97× | 0.13× | ||
| Q1 25 | 1.19× | 0.13× | ||
| Q4 24 | 1.27× | 0.14× | ||
| Q3 24 | 1.68× | 0.15× | ||
| Q2 24 | 1.68× | 0.16× |
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 | — | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | $180.4M | $176.9M | ||
| Q3 25 | $141.9M | $175.6M | ||
| Q2 25 | $71.2M | $105.6M | ||
| Q1 25 | $839.0K | $89.0M | ||
| Q4 24 | $251.9M | $174.7M | ||
| Q3 24 | $88.3M | $248.6M | ||
| Q2 24 | $-53.0M | $307.9M |
自由现金流BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | $175.1M | $42.2M | ||
| Q3 25 | $137.2M | $92.4M | ||
| Q2 25 | $65.0M | $19.3M | ||
| Q1 25 | $-4.4M | $-200.0K | ||
| Q4 24 | $245.6M | $49.3M | ||
| Q3 24 | $78.8M | $189.0M | ||
| Q2 24 | $-63.5M | $238.1M |
自由现金流率BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | 5.0% | ||
| Q3 25 | 22.1% | 10.5% | ||
| Q2 25 | 10.0% | 2.3% | ||
| Q1 25 | -0.8% | -0.0% | ||
| Q4 24 | 51.7% | 5.5% | ||
| Q3 24 | 17.5% | 19.6% | ||
| Q2 24 | -14.6% | 28.1% |
资本支出强度BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 15.8% | ||
| Q3 25 | 0.8% | 9.5% | ||
| Q2 25 | 1.0% | 10.4% | ||
| Q1 25 | 1.0% | 11.4% | ||
| Q4 24 | 1.3% | 14.1% | ||
| Q3 24 | 2.1% | 6.2% | ||
| Q2 24 | 2.4% | 8.2% |
现金转化率BGCMATX
| Q1 26 | — | — | ||
| Q4 25 | 12.55× | 1.24× | ||
| Q3 25 | 5.09× | 1.30× | ||
| Q2 25 | 1.24× | 1.12× | ||
| Q1 25 | 0.02× | 1.23× | ||
| Q4 24 | 9.99× | 1.36× | ||
| Q3 24 | 5.99× | 1.25× | ||
| Q2 24 | -1.40× | 2.72× |
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
BGC
| Commissions | $752.9M | 79% |
| Principal transactions | $142.9M | 15% |
| Data, network and post-trade | $34.5M | 4% |
| Other revenues | $10.3M | 1% |
| Fees from related parties | $4.3M | 0% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
