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Brighthouse Financial, Inc.（BHF）与Chipotle Mexican Grill（CMG）财务数据对比。点击上方公司名可切换其他公司
Chipotle Mexican Grill的季度营收约是Brighthouse Financial, Inc.的1.8倍（$3.0B vs $1.7B），Chipotle Mexican Grill净利率更高（11.1% vs 8.1%，领先3.0%），Brighthouse Financial, Inc.同比增速更快（40.2% vs 4.9%），过去两年Brighthouse Financial, Inc.的营收复合增速更高（9.8% vs 5.1%）
Brighthouse Financial是总部位于美国北卡罗来纳州夏洛特的保险公司，核心业务为销售年金和人寿保险产品。截至2018年3月，该公司是美国规模领先的年金和人寿保险提供商之一，总资产达2190亿美元，有效保单及年金合约数量约260万份。
Chipotle Mexican Grill（常简称为Chipotle）是源自美国的跨国休闲快餐连锁品牌，主营现点现做的碗餐、塔可、墨西哥卷饼等风味餐食，餐品制作过程全程向顾客公开。截至2025年12月，品牌全球门店数量已达4000家，品牌名来源于纳瓦特尔语中烟熏干哈拉佩尼奥辣椒的称谓。
BHF vs CMG — 直观对比
营收规模更大
CMG
是对方的1.8倍
$1.7B
营收增速更快
BHF
高出35.3%
4.9%
净利率更高
CMG
高出3.0%
8.1%
两年增速更快
BHF
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.0B |
| 净利润 | $137.0M | $330.9M |
| 毛利率 | — | — |
| 营业利润率 | 8.9% | 14.1% |
| 净利率 | 8.1% | 11.1% |
| 营收同比 | 40.2% | 4.9% |
| 净利润同比 | -79.6% | -0.3% |
| 每股收益（稀释后） | $1.84 | $0.25 |
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BHFCMG
| Q4 25 | $1.7B | $3.0B | ||
| Q3 25 | $1.8B | $3.0B | ||
| Q2 25 | $871.0M | $3.1B | ||
| Q1 25 | $2.4B | $2.9B | ||
| Q4 24 | $1.2B | $2.8B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $1.4B | $3.0B | ||
| Q1 24 | — | $2.7B |
净利润BHFCMG
| Q4 25 | $137.0M | $330.9M | ||
| Q3 25 | $479.0M | $382.1M | ||
| Q2 25 | $85.0M | $436.1M | ||
| Q1 25 | $-268.0M | $386.6M | ||
| Q4 24 | $671.0M | $331.8M | ||
| Q3 24 | $176.0M | $387.4M | ||
| Q2 24 | $34.0M | $455.7M | ||
| Q1 24 | — | $359.3M |
营业利润率BHFCMG
| Q4 25 | 8.9% | 14.1% | ||
| Q3 25 | 32.2% | 15.9% | ||
| Q2 25 | 10.7% | 18.2% | ||
| Q1 25 | -14.8% | 16.7% | ||
| Q4 24 | 69.2% | 14.6% | ||
| Q3 24 | 9.3% | 16.9% | ||
| Q2 24 | 1.0% | 19.7% | ||
| Q1 24 | — | 16.3% |
净利率BHFCMG
| Q4 25 | 8.1% | 11.1% | ||
| Q3 25 | 26.4% | 12.7% | ||
| Q2 25 | 9.8% | 14.2% | ||
| Q1 25 | -11.2% | 13.4% | ||
| Q4 24 | 55.7% | 11.7% | ||
| Q3 24 | 8.7% | 13.9% | ||
| Q2 24 | 2.4% | 15.3% | ||
| Q1 24 | — | 13.3% |
每股收益（稀释后）BHFCMG
| Q4 25 | $1.84 | $0.25 | ||
| Q3 25 | $7.89 | $0.29 | ||
| Q2 25 | $1.02 | $0.32 | ||
| Q1 25 | $-5.04 | $0.28 | ||
| Q4 24 | $10.27 | $-12.51 | ||
| Q3 24 | $2.47 | $0.28 | ||
| Q2 24 | $0.12 | $0.33 | ||
| Q1 24 | — | $13.01 |
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 | — | $1.0B |
| 总债务越低越好 | $3.2B | $0 |
| 股东权益账面价值 | $6.8B | $2.8B |
| 总资产 | $241.8B | $9.0B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BHFCMG
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.4B | $1.5B | ||
| Q1 24 | — | $1.4B |
总债务BHFCMG
| Q4 25 | $3.2B | $0 | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.2B | $0 | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | — | — |
股东权益BHFCMG
| Q4 25 | $6.8B | $2.8B | ||
| Q3 25 | $6.4B | $3.2B | ||
| Q2 25 | $5.7B | $3.5B | ||
| Q1 25 | $5.2B | $3.5B | ||
| Q4 24 | $5.0B | $3.7B | ||
| Q3 24 | $5.5B | $3.6B | ||
| Q2 24 | $4.1B | $3.7B | ||
| Q1 24 | — | $3.4B |
总资产BHFCMG
| Q4 25 | $241.8B | $9.0B | ||
| Q3 25 | $244.7B | $9.3B | ||
| Q2 25 | $242.6B | $9.3B | ||
| Q1 25 | $234.7B | $9.0B | ||
| Q4 24 | $238.5B | $9.2B | ||
| Q3 24 | $245.2B | $9.0B | ||
| Q2 24 | $237.4B | $8.9B | ||
| Q1 24 | — | $8.4B |
负债/权益比BHFCMG
| Q4 25 | 0.47× | 0.00× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.64× | 0.00× | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.76× | — | ||
| 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 | $-3.0M | $425.8M |
| 自由现金流经营现金流 - 资本支出 | — | $228.4M |
| 自由现金流率自由现金流/营收 | — | 7.7% |
| 资本支出强度资本支出/营收 | — | 6.6% |
| 现金转化率经营现金流/净利润 | -0.02× | 1.29× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流BHFCMG
| Q4 25 | $-3.0M | $425.8M | ||
| Q3 25 | $117.0M | $569.7M | ||
| Q2 25 | $-1.0M | $561.3M | ||
| Q1 25 | $146.0M | $557.1M | ||
| Q4 24 | $-118.0M | $526.8M | ||
| Q3 24 | $24.0M | $446.5M | ||
| Q2 24 | $334.0M | $562.6M | ||
| Q1 24 | — | $569.2M |
自由现金流BHFCMG
| Q4 25 | — | $228.4M | ||
| Q3 25 | — | $406.2M | ||
| Q2 25 | — | $400.7M | ||
| Q1 25 | — | $412.3M | ||
| Q4 24 | — | $353.9M | ||
| Q3 24 | — | $299.0M | ||
| Q2 24 | — | $422.1M | ||
| Q1 24 | — | $436.5M |
自由现金流率BHFCMG
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | 16.2% |
资本支出强度BHFCMG
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 4.9% |
现金转化率BHFCMG
| Q4 25 | -0.02× | 1.29× | ||
| Q3 25 | 0.24× | 1.49× | ||
| Q2 25 | -0.01× | 1.29× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | -0.18× | 1.59× | ||
| Q3 24 | 0.14× | 1.15× | ||
| Q2 24 | 9.82× | 1.23× | ||
| Q1 24 | — | 1.58× |
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
BHF
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
CMG
| U.S.Segment | $2.9B | 98% |
| Chipotle Rewards | $46.1M | 2% |
| Delivery Service | $14.3M | 0% |
