vs
Brighthouse Financial, Inc.（BHF）与GREIF, INC（GEF）财务数据对比。点击上方公司名可切换其他公司
Brighthouse Financial, Inc.的季度营收约是GREIF, INC的1.7倍（$1.7B vs $994.8M），GREIF, INC净利率更高（17.6% vs 8.1%，领先9.4%），Brighthouse Financial, Inc.同比增速更快（40.2% vs -21.4%），过去两年Brighthouse Financial, Inc.的营收复合增速更高（9.8% vs -9.2%）
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。
格瑞夫公司是全球工业包装产品及服务领域的领先企业，总部位于美国俄亥俄州特拉华市。公司最初以制桶业务起家，目前核心产品涵盖钢桶、纤维桶、塑料桶、中型散装容器、油桶、塑料瓶、密封件、箱板纸、瓦楞制品及粘合剂等，2018年位列《财富》美国1000强第617位。
BHF vs GEF — 直观对比
营收规模更大
BHF
是对方的1.7倍
$994.8M
营收增速更快
BHF
高出61.6%
-21.4%
净利率更高
GEF
高出9.4%
8.1%
两年增速更快
BHF
近两年复合增速
-9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $994.8M |
| 净利润 | $137.0M | $174.6M |
| 毛利率 | — | 20.4% |
| 营业利润率 | 8.9% | 25.8% |
| 净利率 | 8.1% | 17.6% |
| 营收同比 | 40.2% | -21.4% |
| 净利润同比 | -79.6% | 1930.2% |
| 每股收益（稀释后） | $1.84 | — |
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BHFGEF
| Q4 25 | $1.7B | $994.8M | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $871.0M | $1.4B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | — | $1.2B |
净利润BHFGEF
| Q4 25 | $137.0M | $174.6M | ||
| Q3 25 | $479.0M | $64.0M | ||
| Q2 25 | $85.0M | $47.3M | ||
| Q1 25 | $-268.0M | $8.6M | ||
| Q4 24 | $671.0M | $70.1M | ||
| Q3 24 | $176.0M | $87.1M | ||
| Q2 24 | $34.0M | $44.4M | ||
| Q1 24 | — | $67.2M |
毛利率BHFGEF
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | — | 23.1% | ||
| Q1 25 | — | 19.4% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 19.7% | ||
| Q1 24 | — | 18.4% |
营业利润率BHFGEF
| Q4 25 | 8.9% | 25.8% | ||
| Q3 25 | 32.2% | 6.4% | ||
| Q2 25 | 10.7% | 8.6% | ||
| Q1 25 | -14.8% | 4.7% | ||
| Q4 24 | 69.2% | 8.9% | ||
| Q3 24 | 9.3% | 11.8% | ||
| Q2 24 | 1.0% | 7.2% | ||
| Q1 24 | — | 5.7% |
净利率BHFGEF
| Q4 25 | 8.1% | 17.6% | ||
| Q3 25 | 26.4% | 5.6% | ||
| Q2 25 | 9.8% | 3.4% | ||
| Q1 25 | -11.2% | 0.7% | ||
| Q4 24 | 55.7% | 4.9% | ||
| Q3 24 | 8.7% | 6.0% | ||
| Q2 24 | 2.4% | 3.2% | ||
| Q1 24 | — | 5.6% |
每股收益（稀释后）BHFGEF
| Q4 25 | $1.84 | — | ||
| Q3 25 | $7.89 | — | ||
| Q2 25 | $1.02 | — | ||
| Q1 25 | $-5.04 | — | ||
| Q4 24 | $10.27 | — | ||
| Q3 24 | $2.47 | — | ||
| Q2 24 | $0.12 | — | ||
| Q1 24 | — | — |
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 | — | $243.5M |
| 总债务越低越好 | $3.2B | $655.1M |
| 股东权益账面价值 | $6.8B | $2.9B |
| 总资产 | $241.8B | $5.5B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资BHFGEF
| Q4 25 | — | $243.5M | ||
| Q3 25 | — | $285.2M | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | — | $201.1M | ||
| Q4 24 | $1.9B | $197.7M | ||
| Q3 24 | $1.8B | $194.2M | ||
| Q2 24 | $1.4B | $196.0M | ||
| Q1 24 | — | $179.3M |
总债务BHFGEF
| Q4 25 | $3.2B | $655.1M | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $3.2B | $2.7B | ||
| Q3 24 | $3.2B | $2.9B | ||
| Q2 24 | $3.2B | $2.9B | ||
| Q1 24 | — | $2.3B |
股东权益BHFGEF
| Q4 25 | $6.8B | $2.9B | ||
| Q3 25 | $6.4B | $2.2B | ||
| Q2 25 | $5.7B | $2.1B | ||
| Q1 25 | $5.2B | $2.0B | ||
| Q4 24 | $5.0B | $2.1B | ||
| Q3 24 | $5.5B | $2.1B | ||
| Q2 24 | $4.1B | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产BHFGEF
| Q4 25 | $241.8B | $5.5B | ||
| Q3 25 | $244.7B | $6.7B | ||
| Q2 25 | $242.6B | $6.8B | ||
| Q1 25 | $234.7B | $6.6B | ||
| Q4 24 | $238.5B | $6.6B | ||
| Q3 24 | $245.2B | $6.8B | ||
| Q2 24 | $237.4B | $6.8B | ||
| Q1 24 | — | $6.0B |
负债/权益比BHFGEF
| Q4 25 | 0.47× | 0.22× | ||
| Q3 25 | 0.50× | 1.06× | ||
| Q2 25 | 0.56× | 1.12× | ||
| Q1 25 | 0.60× | 1.24× | ||
| Q4 24 | 0.64× | 1.31× | ||
| Q3 24 | 0.57× | 1.41× | ||
| Q2 24 | 0.76× | 1.44× | ||
| Q1 24 | — | 1.15× |
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 | $-24.4M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -0.02× | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BHFGEF
| Q4 25 | $-3.0M | $-24.4M | ||
| Q3 25 | $117.0M | $197.7M | ||
| Q2 25 | $-1.0M | $136.4M | ||
| Q1 25 | $146.0M | $-30.8M | ||
| Q4 24 | $-118.0M | $187.2M | ||
| Q3 24 | $24.0M | $76.8M | ||
| Q2 24 | $334.0M | $87.5M | ||
| Q1 24 | — | $4.5M |
现金转化率BHFGEF
| Q4 25 | -0.02× | -0.14× | ||
| Q3 25 | 0.24× | 3.09× | ||
| Q2 25 | -0.01× | 2.88× | ||
| Q1 25 | — | -3.58× | ||
| Q4 24 | -0.18× | 2.67× | ||
| Q3 24 | 0.14× | 0.88× | ||
| Q2 24 | 9.82× | 1.97× | ||
| Q1 24 | — | 0.07× |
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% |
GEF
| Other | $501.0M | 50% |
| Sustainable Fiber Solutions Segment | $300.4M | 30% |
| Customized Polymer Solutions Segment | $124.8M | 13% |
| Durable Metal Solutions Segment | $62.5M | 6% |
| Innovative Closure Solutions Segment | $6.1M | 1% |
