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BGC Group, Inc.（BGC）与MIDDLEBY Corp（MIDD）财务数据对比。点击上方公司名可切换其他公司
MIDDLEBY Corp的季度营收约是BGC Group, Inc.的1.4倍（$866.4M vs $638.6M），MIDDLEBY Corp净利率更高（4.3% vs 2.3%，领先2.0%），BGC Group, Inc.同比增速更快（34.4% vs -30.6%），BGC Group, Inc.自由现金流更多（$175.1M vs $165.5M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs -3.3%）
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。
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
BGC vs MIDD — 直观对比
营收规模更大
MIDD
是对方的1.4倍
$638.6M
营收增速更快
BGC
高出64.9%
-30.6%
净利率更高
MIDD
高出2.0%
2.3%
自由现金流更多
BGC
多$9.6M
$165.5M
两年增速更快
BGC
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $866.4M |
| 净利润 | $14.4M | $36.9M |
| 毛利率 | — | 38.8% |
| 营业利润率 | 3.9% | 17.3% |
| 净利率 | 2.3% | 4.3% |
| 营收同比 | 34.4% | -30.6% |
| 净利润同比 | -43.0% | -67.1% |
| 每股收益（稀释后） | $0.03 | $0.74 |
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BGCMIDD
| Q4 25 | $638.6M | $866.4M | ||
| Q3 25 | $620.8M | $982.1M | ||
| Q2 25 | $648.0M | $977.9M | ||
| Q1 25 | $534.6M | $906.6M | ||
| Q4 24 | $475.2M | $1.0B | ||
| Q3 24 | $448.9M | $942.8M | ||
| Q2 24 | $435.0M | $991.5M | ||
| Q1 24 | $453.6M | $926.9M |
净利润BGCMIDD
| Q4 25 | $14.4M | $36.9M | ||
| Q3 25 | $27.9M | $-513.0M | ||
| Q2 25 | $57.5M | $106.0M | ||
| Q1 25 | $55.2M | $92.4M | ||
| Q4 24 | $25.2M | $112.3M | ||
| Q3 24 | $14.7M | $114.2M | ||
| Q2 24 | $37.8M | $115.4M | ||
| Q1 24 | $49.2M | $86.6M |
毛利率BGCMIDD
| Q4 25 | — | 38.8% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 38.0% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | — | 37.4% |
营业利润率BGCMIDD
| Q4 25 | 3.9% | 17.3% | ||
| Q3 25 | 5.4% | -56.4% | ||
| Q2 25 | 11.6% | 15.9% | ||
| Q1 25 | 15.0% | 15.5% | ||
| Q4 24 | 5.7% | 16.8% | ||
| Q3 24 | 4.4% | 18.4% | ||
| Q2 24 | 12.7% | 17.7% | ||
| Q1 24 | 15.7% | 14.8% |
净利率BGCMIDD
| Q4 25 | 2.3% | 4.3% | ||
| Q3 25 | 4.5% | -52.2% | ||
| Q2 25 | 8.9% | 10.8% | ||
| Q1 25 | 10.3% | 10.2% | ||
| Q4 24 | 5.3% | 11.1% | ||
| Q3 24 | 3.3% | 12.1% | ||
| Q2 24 | 8.7% | 11.6% | ||
| Q1 24 | 10.8% | 9.3% |
每股收益（稀释后）BGCMIDD
| Q4 25 | $0.03 | $0.74 | ||
| Q3 25 | $0.06 | $-10.15 | ||
| Q2 25 | $0.11 | $1.99 | ||
| Q1 25 | $0.11 | $1.69 | ||
| Q4 24 | $0.04 | $2.07 | ||
| Q3 24 | $0.03 | $2.11 | ||
| Q2 24 | $0.08 | $2.13 | ||
| Q1 24 | $0.10 | $1.59 |
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 | $851.5M | $222.2M |
| 总债务越低越好 | $1.5B | $2.2B |
| 股东权益账面价值 | $972.5M | $2.8B |
| 总资产 | $4.4B | $6.3B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资BGCMIDD
| Q4 25 | $851.5M | $222.2M | ||
| Q3 25 | $774.9M | $175.1M | ||
| Q2 25 | $827.8M | $511.5M | ||
| Q1 25 | $966.4M | $745.1M | ||
| Q4 24 | $711.6M | $689.5M | ||
| Q3 24 | $563.5M | $606.0M | ||
| Q2 24 | $571.7M | $459.5M | ||
| Q1 24 | $566.8M | $341.0M |
总债务BGCMIDD
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $945.0M | — |
股东权益BGCMIDD
| Q4 25 | $972.5M | $2.8B | ||
| Q3 25 | $965.3M | $2.9B | ||
| Q2 25 | $930.5M | $3.6B | ||
| Q1 25 | $963.8M | $3.7B | ||
| Q4 24 | $898.5M | $3.6B | ||
| Q3 24 | $860.1M | $3.6B | ||
| Q2 24 | $858.1M | $3.4B | ||
| Q1 24 | $912.1M | $3.3B |
总资产BGCMIDD
| Q4 25 | $4.4B | $6.3B | ||
| Q3 25 | $5.8B | $6.4B | ||
| Q2 25 | $4.9B | $7.3B | ||
| Q1 25 | $4.9B | $7.4B | ||
| Q4 24 | $3.6B | $7.3B | ||
| Q3 24 | $4.4B | $7.2B | ||
| Q2 24 | $4.3B | $7.0B | ||
| Q1 24 | $4.4B | $6.9B |
负债/权益比BGCMIDD
| Q4 25 | 1.58× | 0.78× | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.97× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.27× | 0.66× | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.68× | — | ||
| Q1 24 | 1.04× | — |
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 | $180.4M | — |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $165.5M |
| 自由现金流率自由现金流/营收 | 27.4% | 19.1% |
| 资本支出强度资本支出/营收 | 0.8% | 1.5% |
| 现金转化率经营现金流/净利润 | 12.55× | — |
| 过去12个月自由现金流最近4个季度 | $372.9M | $530.1M |
8季度趋势，按日历期对齐
经营现金流BGCMIDD
| Q4 25 | $180.4M | — | ||
| Q3 25 | $141.9M | $176.3M | ||
| Q2 25 | $71.2M | $122.0M | ||
| Q1 25 | $839.0K | $141.1M | ||
| Q4 24 | $251.9M | $239.7M | ||
| Q3 24 | $88.3M | $156.7M | ||
| Q2 24 | $-53.0M | $149.5M | ||
| Q1 24 | $28.1M | $140.9M |
自由现金流BGCMIDD
| Q4 25 | $175.1M | $165.5M | ||
| Q3 25 | $137.2M | $156.1M | ||
| Q2 25 | $65.0M | $101.1M | ||
| Q1 25 | $-4.4M | $107.4M | ||
| Q4 24 | $245.6M | $226.6M | ||
| Q3 24 | $78.8M | $145.2M | ||
| Q2 24 | $-63.5M | $138.6M | ||
| Q1 24 | $24.9M | $127.2M |
自由现金流率BGCMIDD
| Q4 25 | 27.4% | 19.1% | ||
| Q3 25 | 22.1% | 15.9% | ||
| Q2 25 | 10.0% | 10.3% | ||
| Q1 25 | -0.8% | 11.8% | ||
| Q4 24 | 51.7% | 22.3% | ||
| Q3 24 | 17.5% | 15.4% | ||
| Q2 24 | -14.6% | 14.0% | ||
| Q1 24 | 5.5% | 13.7% |
资本支出强度BGCMIDD
| Q4 25 | 0.8% | 1.5% | ||
| Q3 25 | 0.8% | 2.1% | ||
| Q2 25 | 1.0% | 2.1% | ||
| Q1 25 | 1.0% | 3.7% | ||
| Q4 24 | 1.3% | 1.3% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.4% | 1.1% | ||
| Q1 24 | 0.7% | 1.5% |
现金转化率BGCMIDD
| Q4 25 | 12.55× | — | ||
| Q3 25 | 5.09× | — | ||
| Q2 25 | 1.24× | 1.15× | ||
| Q1 25 | 0.02× | 1.53× | ||
| Q4 24 | 9.99× | 2.13× | ||
| Q3 24 | 5.99× | 1.37× | ||
| Q2 24 | -1.40× | 1.30× | ||
| Q1 24 | 0.57× | 1.63× |
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 | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
MIDD
暂无分部数据
