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Brookdale Senior Living Inc.（BKD）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
Brookdale Senior Living Inc.的季度营收约是怡安集团的1.0倍（$754.1M vs $738.0M），怡安集团净利率更高（1.1% vs -5.3%，领先6.4%），怡安集团同比增速更快（13.6% vs -3.4%），过去两年怡安集团的营收复合增速更高（17.1% vs -1.9%）
布鲁克代尔老年生活公司成立于1978年，总部位于美国田纳西州布伦特伍德，是美国规模最大的老年住宅运营商，业务覆盖全美各地的养老社区，目前服务超过6万名入住老年人。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
BKD vs RYAN — 直观对比
营收规模更大
BKD
是对方的1.0倍
$738.0M
营收增速更快
RYAN
高出17.1%
-3.4%
净利率更高
RYAN
高出6.4%
-5.3%
两年增速更快
RYAN
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $754.1M | $738.0M |
| 净利润 | $-40.0M | $8.0M |
| 毛利率 | 24.9% | — |
| 营业利润率 | 3.0% | 12.4% |
| 净利率 | -5.3% | 1.1% |
| 营收同比 | -3.4% | 13.6% |
| 净利润同比 | 52.4% | -42.0% |
| 每股收益（稀释后） | $-0.18 | — |
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BKDRYAN
| Q4 25 | $754.1M | $738.0M | ||
| Q3 25 | $813.2M | $739.6M | ||
| Q2 25 | $812.9M | $840.9M | ||
| Q1 25 | $813.9M | $676.1M | ||
| Q4 24 | $780.9M | $649.4M | ||
| Q3 24 | $784.2M | $588.1M | ||
| Q2 24 | $777.5M | $680.2M | ||
| Q1 24 | $782.8M | $537.9M |
净利润BKDRYAN
| Q4 25 | $-40.0M | $8.0M | ||
| Q3 25 | $-114.7M | $31.1M | ||
| Q2 25 | $-43.0M | $52.0M | ||
| Q1 25 | $-65.0M | $-27.6M | ||
| Q4 24 | $-83.9M | $13.8M | ||
| Q3 24 | $-50.7M | $17.6M | ||
| Q2 24 | $-37.7M | $46.8M | ||
| Q1 24 | $-29.6M | $16.5M |
毛利率BKDRYAN
| Q4 25 | 24.9% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 26.6% | — | ||
| Q1 25 | 27.4% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.3% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 26.1% | — |
营业利润率BKDRYAN
| Q4 25 | 3.0% | 12.4% | ||
| Q3 25 | -6.6% | 15.0% | ||
| Q2 25 | 1.8% | 22.7% | ||
| Q1 25 | 3.6% | 14.8% | ||
| Q4 24 | -0.3% | 16.8% | ||
| Q3 24 | 1.3% | 13.9% | ||
| Q2 24 | 2.5% | 24.2% | ||
| Q1 24 | 2.5% | 13.5% |
净利率BKDRYAN
| Q4 25 | -5.3% | 1.1% | ||
| Q3 25 | -14.1% | 4.2% | ||
| Q2 25 | -5.3% | 6.2% | ||
| Q1 25 | -8.0% | -4.1% | ||
| Q4 24 | -10.7% | 2.1% | ||
| Q3 24 | -6.5% | 3.0% | ||
| Q2 24 | -4.9% | 6.9% | ||
| Q1 24 | -3.8% | 3.1% |
每股收益（稀释后）BKDRYAN
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.48 | — | ||
| Q2 25 | $-0.18 | — | ||
| Q1 25 | $-0.28 | — | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $-0.22 | — | ||
| Q2 24 | $-0.17 | — | ||
| 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 | $279.1M | $158.3M |
| 总债务越低越好 | $4.3B | $3.3B |
| 股东权益账面价值 | $-44.8M | $648.1M |
| 总资产 | $6.0B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 5.16× |
8季度趋势，按日历期对齐
现金及短期投资BKDRYAN
| Q4 25 | $279.1M | $158.3M | ||
| Q3 25 | $253.4M | $153.5M | ||
| Q2 25 | $251.9M | $172.6M | ||
| Q1 25 | $239.7M | $203.5M | ||
| Q4 24 | $328.8M | $540.2M | ||
| Q3 24 | $284.4M | $235.2M | ||
| Q2 24 | $309.7M | $1.7B | ||
| Q1 24 | $318.5M | $1.6B |
总债务BKDRYAN
| Q4 25 | $4.3B | $3.3B | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.1B | $3.3B | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.8B | — |
股东权益BKDRYAN
| Q4 25 | $-44.8M | $648.1M | ||
| Q3 25 | $-6.7M | $630.5M | ||
| Q2 25 | $105.4M | $610.1M | ||
| Q1 25 | $146.7M | $542.5M | ||
| Q4 24 | $212.5M | $627.7M | ||
| Q3 24 | $292.9M | $632.8M | ||
| Q2 24 | $340.2M | $605.9M | ||
| Q1 24 | $374.0M | $554.4M |
总资产BKDRYAN
| Q4 25 | $6.0B | $10.6B | ||
| Q3 25 | $6.0B | $9.9B | ||
| Q2 25 | $6.1B | $10.6B | ||
| Q1 25 | $6.2B | $9.9B | ||
| Q4 24 | $6.3B | $9.6B | ||
| Q3 24 | $5.9B | $8.5B | ||
| Q2 24 | $5.5B | $8.3B | ||
| Q1 24 | $5.5B | $7.1B |
负债/权益比BKDRYAN
| Q4 25 | — | 5.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | 40.72× | — | ||
| Q1 25 | 29.39× | — | ||
| Q4 24 | 19.12× | 5.22× | ||
| Q3 24 | 12.65× | — | ||
| Q2 24 | 10.99× | — | ||
| Q1 24 | 10.05× | — |
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 | $34.5M | $263.2M |
| 自由现金流经营现金流 - 资本支出 | $-29.1M | — |
| 自由现金流率自由现金流/营收 | -3.9% | — |
| 资本支出强度资本支出/营收 | 8.4% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 32.99× |
| 过去12个月自由现金流最近4个季度 | $16.5M | — |
8季度趋势，按日历期对齐
经营现金流BKDRYAN
| Q4 25 | $34.5M | $263.2M | ||
| Q3 25 | $76.5M | $169.7M | ||
| Q2 25 | $83.6M | $353.6M | ||
| Q1 25 | $23.4M | $-142.8M | ||
| Q4 24 | $45.2M | $259.6M | ||
| Q3 24 | $66.5M | $100.9M | ||
| Q2 24 | $55.7M | $270.8M | ||
| Q1 24 | $-1.1M | $-116.5M |
自由现金流BKDRYAN
| Q4 25 | $-29.1M | — | ||
| Q3 25 | $34.9M | $167.3M | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $-18.4M | $-143.5M | ||
| Q4 24 | $-5.1M | — | ||
| Q3 24 | $11.5M | — | ||
| Q2 24 | $4.1M | — | ||
| Q1 24 | $-45.5M | — |
自由现金流率BKDRYAN
| Q4 25 | -3.9% | — | ||
| Q3 25 | 4.3% | 22.6% | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | -2.3% | -21.2% | ||
| Q4 24 | -0.7% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | -5.8% | — |
资本支出强度BKDRYAN
| Q4 25 | 8.4% | 0.0% | ||
| Q3 25 | 5.1% | 0.3% | ||
| Q2 25 | 6.7% | 0.0% | ||
| Q1 25 | 5.1% | 0.1% | ||
| Q4 24 | 6.4% | 0.0% | ||
| Q3 24 | 7.0% | 0.0% | ||
| Q2 24 | 6.6% | 0.0% | ||
| Q1 24 | 5.7% | 0.0% |
现金转化率BKDRYAN
| Q4 25 | — | 32.99× | ||
| Q3 25 | — | 5.46× | ||
| Q2 25 | — | 6.80× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.88× | ||
| Q3 24 | — | 5.74× | ||
| Q2 24 | — | 5.79× | ||
| Q1 24 | — | -7.05× |
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
BKD
| Assisted Living And Memory Care | $506.7M | 67% |
| Independent Living | $121.6M | 16% |
| Ccrcs Rental | $86.3M | 11% |
| Reimbursement Costs Managed Communities | $36.7M | 5% |
| Management Service | $2.9M | 0% |
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
