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Brighthouse Financial, Inc.（BHF）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是Brighthouse Financial, Inc.的1.1倍（$1.9B vs $1.7B），RPM INTERNATIONAL INC净利率更高（8.4% vs 8.1%，领先0.3%），Brighthouse Financial, Inc.同比增速更快（40.2% vs 3.5%），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% vs 9.8%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
BHF vs RPM — 直观对比
营收规模更大
RPM
是对方的1.1倍
$1.7B
营收增速更快
BHF
高出36.7%
3.5%
净利率更高
RPM
高出0.3%
8.1%
两年增速更快
RPM
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.9B |
| 净利润 | $137.0M | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 8.9% | 11.0% |
| 净利率 | 8.1% | 8.4% |
| 营收同比 | 40.2% | 3.5% |
| 净利润同比 | -79.6% | -12.0% |
| 每股收益（稀释后） | $1.84 | $1.26 |
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BHFRPM
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $871.0M | $2.1B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | — | $1.5B |
净利润BHFRPM
| Q4 25 | $137.0M | $161.2M | ||
| Q3 25 | $479.0M | $227.6M | ||
| Q2 25 | $85.0M | $225.8M | ||
| Q1 25 | $-268.0M | $52.0M | ||
| Q4 24 | $671.0M | $183.2M | ||
| Q3 24 | $176.0M | $227.7M | ||
| Q2 24 | $34.0M | $180.6M | ||
| Q1 24 | — | $61.2M |
毛利率BHFRPM
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 39.9% |
营业利润率BHFRPM
| Q4 25 | 8.9% | 11.0% | ||
| Q3 25 | 32.2% | 14.1% | ||
| Q2 25 | 10.7% | 11.9% | ||
| Q1 25 | -14.8% | 2.8% | ||
| Q4 24 | 69.2% | 11.5% | ||
| Q3 24 | 9.3% | 14.8% | ||
| Q2 24 | 1.0% | 11.9% | ||
| Q1 24 | — | 5.5% |
净利率BHFRPM
| Q4 25 | 8.1% | 8.4% | ||
| Q3 25 | 26.4% | 10.8% | ||
| Q2 25 | 9.8% | 10.8% | ||
| Q1 25 | -11.2% | 3.5% | ||
| Q4 24 | 55.7% | 9.9% | ||
| Q3 24 | 8.7% | 11.6% | ||
| Q2 24 | 2.4% | 9.0% | ||
| Q1 24 | — | 4.0% |
每股收益（稀释后）BHFRPM
| Q4 25 | $1.84 | $1.26 | ||
| Q3 25 | $7.89 | $1.77 | ||
| Q2 25 | $1.02 | $1.76 | ||
| Q1 25 | $-5.04 | $0.40 | ||
| Q4 24 | $10.27 | $1.42 | ||
| Q3 24 | $2.47 | $1.77 | ||
| Q2 24 | $0.12 | $1.40 | ||
| Q1 24 | — | $0.47 |
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 | — | $316.6M |
| 总债务越低越好 | $3.2B | $2.5B |
| 股东权益账面价值 | $6.8B | $3.1B |
| 总资产 | $241.8B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资BHFRPM
| Q4 25 | — | $316.6M | ||
| Q3 25 | — | $297.1M | ||
| Q2 25 | — | $302.1M | ||
| Q1 25 | — | $241.9M | ||
| Q4 24 | $1.9B | $268.7M | ||
| Q3 24 | $1.8B | $231.6M | ||
| Q2 24 | $1.4B | $237.4M | ||
| Q1 24 | — | $248.9M |
总债务BHFRPM
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $3.2B | $2.6B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.2B | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益BHFRPM
| Q4 25 | $6.8B | $3.1B | ||
| Q3 25 | $6.4B | $3.1B | ||
| Q2 25 | $5.7B | $2.9B | ||
| Q1 25 | $5.2B | $2.7B | ||
| Q4 24 | $5.0B | $2.7B | ||
| Q3 24 | $5.5B | $2.6B | ||
| Q2 24 | $4.1B | $2.5B | ||
| Q1 24 | — | $2.3B |
总资产BHFRPM
| Q4 25 | $241.8B | $7.9B | ||
| Q3 25 | $244.7B | $7.9B | ||
| Q2 25 | $242.6B | $7.8B | ||
| Q1 25 | $234.7B | $6.6B | ||
| Q4 24 | $238.5B | $6.7B | ||
| Q3 24 | $245.2B | $6.6B | ||
| Q2 24 | $237.4B | $6.6B | ||
| Q1 24 | — | $6.4B |
负债/权益比BHFRPM
| Q4 25 | 0.47× | 0.80× | ||
| Q3 25 | 0.50× | 0.87× | ||
| Q2 25 | 0.56× | 0.91× | ||
| Q1 25 | 0.60× | 0.78× | ||
| Q4 24 | 0.64× | 0.74× | ||
| Q3 24 | 0.57× | 0.77× | ||
| Q2 24 | 0.76× | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | — | $296.4M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | -0.02× | 2.14× |
| 过去12个月自由现金流最近4个季度 | — | $582.9M |
8季度趋势，按日历期对齐
经营现金流BHFRPM
| Q4 25 | $-3.0M | $345.7M | ||
| Q3 25 | $117.0M | $237.5M | ||
| Q2 25 | $-1.0M | $149.2M | ||
| Q1 25 | $146.0M | $91.5M | ||
| Q4 24 | $-118.0M | $279.4M | ||
| Q3 24 | $24.0M | $248.1M | ||
| Q2 24 | $334.0M | $181.2M | ||
| Q1 24 | — | $173.4M |
自由现金流BHFRPM
| Q4 25 | — | $296.4M | ||
| Q3 25 | — | $175.0M | ||
| Q2 25 | — | $78.2M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $105.3M | ||
| Q1 24 | — | $124.6M |
自由现金流率BHFRPM
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 8.2% |
资本支出强度BHFRPM
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 3.2% |
现金转化率BHFRPM
| Q4 25 | -0.02× | 2.14× | ||
| Q3 25 | 0.24× | 1.04× | ||
| Q2 25 | -0.01× | 0.66× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | -0.18× | 1.53× | ||
| Q3 24 | 0.14× | 1.09× | ||
| Q2 24 | 9.82× | 1.00× | ||
| Q1 24 | — | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
