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Brighthouse Financial, Inc.（BHF）与Primerica, Inc.（PRI）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Primerica, Inc.的2.0倍（$1.7B vs $853.7M）。Primerica, Inc.净利率更高（23.1% vs 8.1%，领先15.0%）。Brighthouse Financial, Inc.同比增速更快（40.2% vs 11.0%）。过去两年Brighthouse Financial, Inc.的营收复合增速更高（377.7% vs 7.2%）
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。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
BHF vs PRI — 直观对比
营收规模更大
BHF
是对方的2.0倍
$853.7M
营收增速更快
BHF
高出29.1%
11.0%
净利率更高
PRI
高出15.0%
8.1%
两年增速更快
BHF
近两年复合增速
7.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $853.7M |
| 净利润 | $137.0M | $197.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.9% | 28.9% |
| 净利率 | 8.1% | 23.1% |
| 营收同比 | 40.2% | 11.0% |
| 净利润同比 | -79.6% | 17.9% |
| 每股收益（稀释后） | $1.84 | $6.11 |
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BHFPRI
| Q4 25 | $1.7B | $853.7M | ||
| Q3 25 | $1.8B | $839.9M | ||
| Q2 25 | $871.0M | $793.3M | ||
| Q1 25 | $2.4B | $804.8M | ||
| Q4 24 | $1.2B | $768.8M | ||
| Q3 24 | $2.0B | $774.1M | ||
| Q2 24 | $1.4B | $803.4M | ||
| Q1 24 | $74.0M | $742.8M |
净利润BHFPRI
| Q4 25 | $137.0M | $197.0M | ||
| Q3 25 | $479.0M | $206.8M | ||
| Q2 25 | $85.0M | $178.3M | ||
| Q1 25 | $-268.0M | $169.1M | ||
| Q4 24 | $671.0M | $167.1M | ||
| Q3 24 | $176.0M | $164.4M | ||
| Q2 24 | $34.0M | $1.2M | ||
| Q1 24 | $-493.0M | $137.9M |
毛利率BHFPRI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.0% | ||
| Q1 24 | — | 98.2% |
营业利润率BHFPRI
| Q4 25 | 8.9% | 28.9% | ||
| Q3 25 | 32.2% | 32.3% | ||
| Q2 25 | 10.7% | 29.6% | ||
| Q1 25 | -14.8% | 27.5% | ||
| Q4 24 | 69.2% | 64.7% | ||
| Q3 24 | 9.3% | 32.9% | ||
| Q2 24 | 1.0% | 1.0% | ||
| Q1 24 | -829.7% | 24.1% |
净利率BHFPRI
| Q4 25 | 8.1% | 23.1% | ||
| Q3 25 | 26.4% | 24.6% | ||
| Q2 25 | 9.8% | 22.5% | ||
| Q1 25 | -11.2% | 21.0% | ||
| Q4 24 | 55.7% | 21.7% | ||
| Q3 24 | 8.7% | 21.2% | ||
| Q2 24 | 2.4% | 0.1% | ||
| Q1 24 | -666.2% | 18.6% |
每股收益（稀释后）BHFPRI
| Q4 25 | $1.84 | $6.11 | ||
| Q3 25 | $7.89 | $6.35 | ||
| Q2 25 | $1.02 | $5.40 | ||
| Q1 25 | $-5.04 | $5.05 | ||
| Q4 24 | $10.27 | $4.92 | ||
| Q3 24 | $2.47 | $4.83 | ||
| Q2 24 | $0.12 | $0.03 | ||
| Q1 24 | $-8.22 | $3.93 |
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 | — | $756.2M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $6.8B | $2.4B |
| 总资产 | $241.8B | $15.0B |
| 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BHFPRI
| Q4 25 | — | $756.2M | ||
| Q3 25 | — | $644.9M | ||
| Q2 25 | — | $621.2M | ||
| Q1 25 | — | $625.1M | ||
| Q4 24 | $1.9B | $687.8M | ||
| Q3 24 | $1.8B | $550.1M | ||
| Q2 24 | $1.4B | $627.3M | ||
| Q1 24 | $1.3B | $593.4M |
总债务BHFPRI
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.2B | — |
股东权益BHFPRI
| Q4 25 | $6.8B | $2.4B | ||
| Q3 25 | $6.4B | $2.3B | ||
| Q2 25 | $5.7B | $2.3B | ||
| Q1 25 | $5.2B | $2.3B | ||
| Q4 24 | $5.0B | $2.3B | ||
| Q3 24 | $5.5B | $1.9B | ||
| Q2 24 | $4.1B | $2.1B | ||
| Q1 24 | $4.2B | $2.2B |
总资产BHFPRI
| Q4 25 | $241.8B | $15.0B | ||
| Q3 25 | $244.7B | $14.8B | ||
| Q2 25 | $242.6B | $14.8B | ||
| Q1 25 | $234.7B | $14.6B | ||
| Q4 24 | $238.5B | $14.6B | ||
| Q3 24 | $245.2B | $14.8B | ||
| Q2 24 | $237.4B | $14.6B | ||
| Q1 24 | $239.7B | $14.9B |
负债/权益比BHFPRI
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.75× | — |
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 | $338.2M |
| 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× | 1.72× |
| 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BHFPRI
| Q4 25 | $-3.0M | $338.2M | ||
| Q3 25 | $117.0M | $202.9M | ||
| Q2 25 | $-1.0M | $162.6M | ||
| Q1 25 | $146.0M | $197.5M | ||
| Q4 24 | $-118.0M | $270.6M | ||
| Q3 24 | $24.0M | $207.3M | ||
| Q2 24 | $334.0M | $173.3M | ||
| Q1 24 | $-530.0M | $210.9M |
现金转化率BHFPRI
| Q4 25 | -0.02× | 1.72× | ||
| Q3 25 | 0.24× | 0.98× | ||
| Q2 25 | -0.01× | 0.91× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | -0.18× | 1.62× | ||
| Q3 24 | 0.14× | 1.26× | ||
| Q2 24 | 9.82× | 147.98× | ||
| Q1 24 | — | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
