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Brighthouse Financial, Inc.（BHF）与Jackson Financial Inc.（JXN）财务数据对比。点击上方公司名可切换其他公司
Jackson Financial Inc.的季度营收约是Brighthouse Financial, Inc.的1.2倍（$2.0B vs $1.7B）。Brighthouse Financial, Inc.净利率更高（8.1% vs -10.3%，领先18.4%）。Jackson Financial Inc.同比增速更快（783.6% vs 40.2%）
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。
本公司是美国大型金融服务企业，旗下子公司面向美国及全球逾40个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品及服务。2019年为美国最大保险提供商，总资产达8151亿美元，入选《财富》世界500强及美国500强榜单。
BHF vs JXN — 直观对比
营收规模更大
JXN
是对方的1.2倍
$1.7B
营收增速更快
JXN
高出743.4%
40.2%
净利率更高
BHF
高出18.4%
-10.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.0B |
| 净利润 | $137.0M | $-204.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.9% | -18.0% |
| 净利率 | 8.1% | -10.3% |
| 营收同比 | 40.2% | 783.6% |
| 净利润同比 | -79.6% | -159.1% |
| 每股收益（稀释后） | $1.84 | $-3.02 |
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BHFJXN
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $871.0M | $-471.0M | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $1.2B | $225.0M | ||
| Q3 24 | $2.0B | $2.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $74.0M | $-322.0M |
净利润BHFJXN
| Q4 25 | $137.0M | $-204.0M | ||
| Q3 25 | $479.0M | $76.0M | ||
| Q2 25 | $85.0M | $179.0M | ||
| Q1 25 | $-268.0M | $-24.0M | ||
| Q4 24 | $671.0M | $345.0M | ||
| Q3 24 | $176.0M | $-469.0M | ||
| Q2 24 | $34.0M | $275.0M | ||
| Q1 24 | $-493.0M | $795.0M |
营业利润率BHFJXN
| Q4 25 | 8.9% | -18.0% | ||
| Q3 25 | 32.2% | 5.1% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -14.8% | -0.5% | ||
| Q4 24 | 69.2% | — | ||
| Q3 24 | 9.3% | -27.3% | ||
| Q2 24 | 1.0% | 25.5% | ||
| Q1 24 | -829.7% | — |
净利率BHFJXN
| Q4 25 | 8.1% | -10.3% | ||
| Q3 25 | 26.4% | 5.4% | ||
| Q2 25 | 9.8% | -38.0% | ||
| Q1 25 | -11.2% | -0.6% | ||
| Q4 24 | 55.7% | 153.3% | ||
| Q3 24 | 8.7% | -22.1% | ||
| Q2 24 | 2.4% | 22.1% | ||
| Q1 24 | -666.2% | -246.9% |
每股收益（稀释后）BHFJXN
| Q4 25 | $1.84 | $-3.02 | ||
| Q3 25 | $7.89 | $0.92 | ||
| Q2 25 | $1.02 | $2.34 | ||
| Q1 25 | $-5.04 | $-0.48 | ||
| Q4 24 | $10.27 | $4.74 | ||
| Q3 24 | $2.47 | $-6.37 | ||
| Q2 24 | $0.12 | $3.43 | ||
| Q1 24 | $-8.22 | $9.94 |
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 | — | $5.7B |
| 总债务越低越好 | $3.2B | $2.0B |
| 股东权益账面价值 | $6.8B | $10.0B |
| 总资产 | $241.8B | $352.6B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资BHFJXN
| Q4 25 | — | $5.7B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | $1.9B | $3.8B | ||
| Q3 24 | $1.8B | $3.1B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.3B | $2.5B |
总债务BHFJXN
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.2B | $2.0B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.2B | $2.0B | ||
| Q1 24 | $3.2B | $2.0B |
股东权益BHFJXN
| Q4 25 | $6.8B | $10.0B | ||
| Q3 25 | $6.4B | $10.2B | ||
| Q2 25 | $5.7B | $10.4B | ||
| Q1 25 | $5.2B | $10.3B | ||
| Q4 24 | $5.0B | $9.8B | ||
| Q3 24 | $5.5B | $10.7B | ||
| Q2 24 | $4.1B | $10.1B | ||
| Q1 24 | $4.2B | $10.2B |
总资产BHFJXN
| Q4 25 | $241.8B | $352.6B | ||
| Q3 25 | $244.7B | $353.6B | ||
| Q2 25 | $242.6B | $343.7B | ||
| Q1 25 | $234.7B | $327.2B | ||
| Q4 24 | $238.5B | $338.4B | ||
| Q3 24 | $245.2B | $345.7B | ||
| Q2 24 | $237.4B | $337.8B | ||
| Q1 24 | $239.7B | $340.3B |
负债/权益比BHFJXN
| Q4 25 | 0.47× | 0.20× | ||
| Q3 25 | 0.50× | 0.20× | ||
| Q2 25 | 0.56× | 0.20× | ||
| Q1 25 | 0.60× | 0.20× | ||
| Q4 24 | 0.64× | 0.21× | ||
| Q3 24 | 0.57× | 0.19× | ||
| Q2 24 | 0.76× | 0.20× | ||
| Q1 24 | 0.75× | 0.20× |
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 | $1.6B |
| 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× | — |
| 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BHFJXN
| Q4 25 | $-3.0M | $1.6B | ||
| Q3 25 | $117.0M | $1.4B | ||
| Q2 25 | $-1.0M | $1.2B | ||
| Q1 25 | $146.0M | $1.6B | ||
| Q4 24 | $-118.0M | $1.5B | ||
| Q3 24 | $24.0M | $1.4B | ||
| Q2 24 | $334.0M | $1.5B | ||
| Q1 24 | $-530.0M | $1.4B |
现金转化率BHFJXN
| Q4 25 | -0.02× | — | ||
| Q3 25 | 0.24× | 18.03× | ||
| Q2 25 | -0.01× | 6.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | 4.42× | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 9.82× | 5.37× | ||
| Q1 24 | — | 1.79× |
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% |
JXN
| Retail Annuities Segment | $1.5B | 74% |
| Closed Life And Annuity Blocks Segment | $298.0M | 15% |
| Institutional Products Segment | $146.0M | 7% |
| Other | $70.0M | 4% |
