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Brighthouse Financial, Inc.（BHF）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
Brighthouse Financial, Inc.的季度营收约是北极星的1.0倍（$1.7B vs $1.7B），Brighthouse Financial, Inc.净利率更高（8.1% vs -2.8%，领先11.0%），Brighthouse Financial, Inc.同比增速更快（40.2% vs 8.0%），过去两年Brighthouse Financial, Inc.的营收复合增速更高（9.8% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
BHF vs PII — 直观对比
营收规模更大
BHF
是对方的1.0倍
$1.7B
营收增速更快
BHF
高出32.2%
8.0%
净利率更高
BHF
高出11.0%
-2.8%
两年增速更快
BHF
近两年复合增速
-8.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $137.0M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 8.9% | — |
| 净利率 | 8.1% | -2.8% |
| 营收同比 | 40.2% | 8.0% |
| 净利润同比 | -79.6% | 29.2% |
| 每股收益（稀释后） | $1.84 | $-0.83 |
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BHFPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $871.0M | $1.9B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.4B | $2.0B |
净利润BHFPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | $137.0M | $-303.6M | ||
| Q3 25 | $479.0M | $-15.8M | ||
| Q2 25 | $85.0M | $-79.3M | ||
| Q1 25 | $-268.0M | $-66.8M | ||
| Q4 24 | $671.0M | $10.6M | ||
| Q3 24 | $176.0M | $27.7M | ||
| Q2 24 | $34.0M | $68.7M |
毛利率BHFPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率BHFPII
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | -16.7% | ||
| Q3 25 | 32.2% | 1.1% | ||
| Q2 25 | 10.7% | -0.7% | ||
| Q1 25 | -14.8% | -2.4% | ||
| Q4 24 | 69.2% | 3.7% | ||
| Q3 24 | 9.3% | 3.8% | ||
| Q2 24 | 1.0% | 6.1% |
净利率BHFPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | 8.1% | -15.8% | ||
| Q3 25 | 26.4% | -0.9% | ||
| Q2 25 | 9.8% | -4.3% | ||
| Q1 25 | -11.2% | -4.3% | ||
| Q4 24 | 55.7% | 0.6% | ||
| Q3 24 | 8.7% | 1.6% | ||
| Q2 24 | 2.4% | 3.5% |
每股收益（稀释后）BHFPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $1.84 | $-5.34 | ||
| Q3 25 | $7.89 | $-0.28 | ||
| Q2 25 | $1.02 | $-1.39 | ||
| Q1 25 | $-5.04 | $-1.17 | ||
| Q4 24 | $10.27 | $0.18 | ||
| Q3 24 | $2.47 | $0.49 | ||
| Q2 24 | $0.12 | $1.21 |
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 | — | $282.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $6.8B | $750.4M |
| 总资产 | $241.8B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资BHFPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | — | $138.0M | ||
| Q3 25 | — | $335.5M | ||
| Q2 25 | — | $324.3M | ||
| Q1 25 | — | $291.7M | ||
| Q4 24 | $1.9B | $287.8M | ||
| Q3 24 | $1.8B | $291.3M | ||
| Q2 24 | $1.4B | $322.7M |
总债务BHFPII
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.2B | $1.3B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $3.2B | $1.7B | ||
| Q2 24 | $3.2B | $2.1B |
股东权益BHFPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | $6.8B | $828.4M | ||
| Q3 25 | $6.4B | $1.1B | ||
| Q2 25 | $5.7B | $1.2B | ||
| Q1 25 | $5.2B | $1.2B | ||
| Q4 24 | $5.0B | $1.3B | ||
| Q3 24 | $5.5B | $1.3B | ||
| Q2 24 | $4.1B | $1.3B |
总资产BHFPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | $241.8B | $4.9B | ||
| Q3 25 | $244.7B | $5.3B | ||
| Q2 25 | $242.6B | $5.4B | ||
| Q1 25 | $234.7B | $5.5B | ||
| Q4 24 | $238.5B | $5.5B | ||
| Q3 24 | $245.2B | $5.6B | ||
| Q2 24 | $237.4B | $5.7B |
负债/权益比BHFPII
| Q1 26 | — | — | ||
| Q4 25 | 0.47× | 1.82× | ||
| Q3 25 | 0.50× | 1.13× | ||
| Q2 25 | 0.56× | 1.17× | ||
| Q1 25 | 0.60× | 1.32× | ||
| Q4 24 | 0.64× | 1.27× | ||
| Q3 24 | 0.57× | 1.29× | ||
| Q2 24 | 0.76× | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $-342.5M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 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 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流BHFPII
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | $178.7M | ||
| Q3 25 | $117.0M | $158.8M | ||
| Q2 25 | $-1.0M | $320.3M | ||
| Q1 25 | $146.0M | $83.2M | ||
| Q4 24 | $-118.0M | $206.3M | ||
| Q3 24 | $24.0M | $21.0M | ||
| Q2 24 | $334.0M | $146.3M |
自由现金流BHFPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | — | $114.0M | ||
| Q3 25 | — | $116.7M | ||
| Q2 25 | — | $279.8M | ||
| Q1 25 | — | $47.6M | ||
| Q4 24 | — | $137.3M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $79.1M |
自由现金流率BHFPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | 4.0% |
资本支出强度BHFPII
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 3.4% |
现金转化率BHFPII
| Q1 26 | — | — | ||
| Q4 25 | -0.02× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | 19.46× | ||
| Q3 24 | 0.14× | 0.76× | ||
| Q2 24 | 9.82× | 2.13× |
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% |
PII
暂无分部数据
