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Brighthouse Financial, Inc.（BHF）与RXO, Inc.（RXO）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RXO, Inc.的1.1倍（$1.7B vs $1.5B），Brighthouse Financial, Inc.净利率更高（8.1% vs -3.1%，领先11.2%），Brighthouse Financial, Inc.同比增速更快（40.2% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
BHF vs RXO — 直观对比
营收规模更大
BHF
是对方的1.1倍
$1.5B
营收增速更快
BHF
高出52.0%
-11.9%
净利率更高
BHF
高出11.2%
-3.1%
两年增速更快
RXO
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.5B |
| 净利润 | $137.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.9% | -2.9% |
| 净利率 | 8.1% | -3.1% |
| 营收同比 | 40.2% | -11.9% |
| 净利润同比 | -79.6% | -84.0% |
| 每股收益（稀释后） | $1.84 | $-0.28 |
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BHFRXO
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $871.0M | $1.4B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $1.4B | $930.0M | ||
| Q1 24 | — | $913.0M |
净利润BHFRXO
| Q4 25 | $137.0M | $-46.0M | ||
| Q3 25 | $479.0M | $-14.0M | ||
| Q2 25 | $85.0M | $-9.0M | ||
| Q1 25 | $-268.0M | $-31.0M | ||
| Q4 24 | $671.0M | $-25.0M | ||
| Q3 24 | $176.0M | $-243.0M | ||
| Q2 24 | $34.0M | $-7.0M | ||
| Q1 24 | — | $-15.0M |
营业利润率BHFRXO
| Q4 25 | 8.9% | -2.9% | ||
| Q3 25 | 32.2% | -0.5% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -14.8% | -2.1% | ||
| Q4 24 | 69.2% | -1.4% | ||
| Q3 24 | 9.3% | -1.9% | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | — | -1.3% |
净利率BHFRXO
| Q4 25 | 8.1% | -3.1% | ||
| Q3 25 | 26.4% | -1.0% | ||
| Q2 25 | 9.8% | -0.6% | ||
| Q1 25 | -11.2% | -2.2% | ||
| Q4 24 | 55.7% | -1.5% | ||
| Q3 24 | 8.7% | -23.4% | ||
| Q2 24 | 2.4% | -0.8% | ||
| Q1 24 | — | -1.6% |
每股收益（稀释后）BHFRXO
| Q4 25 | $1.84 | $-0.28 | ||
| Q3 25 | $7.89 | $-0.08 | ||
| Q2 25 | $1.02 | $-0.05 | ||
| Q1 25 | $-5.04 | $-0.18 | ||
| Q4 24 | $10.27 | $-0.17 | ||
| Q3 24 | $2.47 | $-1.81 | ||
| Q2 24 | $0.12 | $-0.06 | ||
| Q1 24 | — | $-0.13 |
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 | — | $17.0M |
| 总债务越低越好 | $3.2B | $387.0M |
| 股东权益账面价值 | $6.8B | $1.5B |
| 总资产 | $241.8B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资BHFRXO
| Q4 25 | — | $17.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | $1.9B | $35.0M | ||
| Q3 24 | $1.8B | $55.0M | ||
| Q2 24 | $1.4B | $7.0M | ||
| Q1 24 | — | $7.0M |
总债务BHFRXO
| Q4 25 | $3.2B | $387.0M | ||
| Q3 25 | $3.2B | $387.0M | ||
| Q2 25 | $3.2B | $387.0M | ||
| Q1 25 | $3.2B | $387.0M | ||
| Q4 24 | $3.2B | $351.0M | ||
| Q3 24 | $3.2B | $352.0M | ||
| Q2 24 | $3.2B | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益BHFRXO
| Q4 25 | $6.8B | $1.5B | ||
| Q3 25 | $6.4B | $1.6B | ||
| Q2 25 | $5.7B | $1.6B | ||
| Q1 25 | $5.2B | $1.6B | ||
| Q4 24 | $5.0B | $1.6B | ||
| Q3 24 | $5.5B | $1.7B | ||
| Q2 24 | $4.1B | $579.0M | ||
| Q1 24 | — | $582.0M |
总资产BHFRXO
| Q4 25 | $241.8B | $3.3B | ||
| Q3 25 | $244.7B | $3.2B | ||
| Q2 25 | $242.6B | $3.2B | ||
| Q1 25 | $234.7B | $3.3B | ||
| Q4 24 | $238.5B | $3.4B | ||
| Q3 24 | $245.2B | $3.4B | ||
| Q2 24 | $237.4B | $1.8B | ||
| Q1 24 | — | $1.8B |
负债/权益比BHFRXO
| Q4 25 | 0.47× | 0.25× | ||
| Q3 25 | 0.50× | 0.24× | ||
| Q2 25 | 0.56× | 0.24× | ||
| Q1 25 | 0.60× | 0.24× | ||
| Q4 24 | 0.64× | 0.22× | ||
| Q3 24 | 0.57× | 0.21× | ||
| Q2 24 | 0.76× | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 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 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流BHFRXO
| Q4 25 | $-3.0M | $7.0M | ||
| Q3 25 | $117.0M | $23.0M | ||
| Q2 25 | $-1.0M | $23.0M | ||
| Q1 25 | $146.0M | $-2.0M | ||
| Q4 24 | $-118.0M | $-7.0M | ||
| Q3 24 | $24.0M | $-7.0M | ||
| Q2 24 | $334.0M | $-5.0M | ||
| Q1 24 | — | $7.0M |
自由现金流BHFRXO
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
自由现金流率BHFRXO
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
资本支出强度BHFRXO
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
现金转化率BHFRXO
| Q4 25 | -0.02× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 9.82× | — | ||
| Q1 24 | — | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
