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贝莱德（BLK）与天弘科技（CLS）财务数据对比。点击上方公司名可切换其他公司
贝莱德的季度营收约是天弘科技的1.7倍（$7.0B vs $4.0B），贝莱德净利率更高（16.1% vs 5.2%，领先10.8%），贝莱德自由现金流更多（$2.1B vs $137.9M），过去两年天弘科技的营收复合增速更高（35.4% vs 24.5%）
贝莱德是美国跨国投资企业，成立于1988年，最初主打企业风险管理与固定收益机构资产管理业务，现为全球规模最大的资产管理机构，截至2025年管理资产规模达12.5万亿美元。公司总部位于纽约，在30个国家设有70个办事处，客户遍布全球100个国家。
天弘科技（Celestica Inc.）是总部位于加拿大安大略省多伦多的跨国电子制造服务（EMS）企业，业务涵盖设计、生产制造、硬件平台搭建及供应链服务，目前在全球15个国家设有50个运营站点，为各行业客户提供专业的电子产业链相关解决方案。
BLK vs CLS — 直观对比
营收规模更大
BLK
是对方的1.7倍
$4.0B
净利率更高
BLK
高出10.8%
5.2%
自由现金流更多
BLK
多$2.0B
$137.9M
两年增速更快
CLS
近两年复合增速
24.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $4.0B |
| 净利润 | $1.1B | $212.3M |
| 毛利率 | — | 10.8% |
| 营业利润率 | 23.7% | 6723.5% |
| 净利率 | 16.1% | 5.2% |
| 营收同比 | — | 52.8% |
| 净利润同比 | — | 146.3% |
| 每股收益（稀释后） | $7.05 | $1.83 |
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BLKCLS
| Q1 26 | — | $4.0B | ||
| Q4 25 | $7.0B | $3.7B | ||
| Q3 25 | $6.5B | $3.2B | ||
| Q2 25 | $5.4B | $2.9B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q3 24 | $5.2B | $2.5B | ||
| Q2 24 | $4.8B | $2.4B | ||
| Q1 24 | $4.7B | $2.2B |
净利润BLKCLS
| Q1 26 | — | $212.3M | ||
| Q4 25 | $1.1B | $267.5M | ||
| Q3 25 | $1.3B | $267.8M | ||
| Q2 25 | $1.6B | $211.0M | ||
| Q1 25 | $1.5B | $86.2M | ||
| Q3 24 | $1.6B | $89.5M | ||
| Q2 24 | $1.5B | $95.0M | ||
| Q1 24 | $1.6B | $91.8M |
毛利率BLKCLS
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 10.3% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 10.1% |
营业利润率BLKCLS
| Q1 26 | — | 6723.5% | ||
| Q4 25 | 23.7% | 8.6% | ||
| Q3 25 | 30.0% | 10.2% | ||
| Q2 25 | 31.9% | 9.4% | ||
| Q1 25 | 32.2% | 4.9% | ||
| Q3 24 | 38.6% | 5.5% | ||
| Q2 24 | 37.5% | 5.6% | ||
| Q1 24 | 35.8% | 5.7% |
净利率BLKCLS
| Q1 26 | — | 5.2% | ||
| Q4 25 | 16.1% | 7.3% | ||
| Q3 25 | 20.3% | 8.4% | ||
| Q2 25 | 29.4% | 7.3% | ||
| Q1 25 | 28.6% | 3.3% | ||
| Q3 24 | 31.4% | 3.6% | ||
| Q2 24 | 31.1% | 4.0% | ||
| Q1 24 | 33.3% | 4.2% |
每股收益（稀释后）BLKCLS
| Q1 26 | — | $1.83 | ||
| Q4 25 | $7.05 | $2.29 | ||
| Q3 25 | $8.43 | $2.31 | ||
| Q2 25 | $10.19 | $1.82 | ||
| Q1 25 | $9.64 | $0.74 | ||
| Q3 24 | $10.90 | $0.75 | ||
| Q2 24 | $9.99 | $0.80 | ||
| Q1 24 | $10.48 | $0.77 |
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 | $11.5B | $378.0M |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $55.9B | $2.1B |
| 总资产 | $170.0B | $8260.0B |
| 负债/权益比越低杠杆越低 | 0.23× | — |
8季度趋势，按日历期对齐
现金及短期投资BLKCLS
| Q1 26 | — | $378.0M | ||
| Q4 25 | $11.5B | $595.6M | ||
| Q3 25 | $10.0B | $305.9M | ||
| Q2 25 | $9.5B | $313.8M | ||
| Q1 25 | $7.7B | $303.0M | ||
| Q3 24 | $14.0B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务BLKCLS
| Q1 26 | — | — | ||
| Q4 25 | $12.8B | $750.5M | ||
| Q3 25 | $12.8B | $756.7M | ||
| Q2 25 | $12.8B | $848.6M | ||
| Q1 25 | $12.3B | $915.0M | ||
| Q3 24 | $12.4B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BLKCLS
| Q1 26 | — | $2.1B | ||
| Q4 25 | $55.9B | $2.2B | ||
| Q3 25 | $55.5B | $2.0B | ||
| Q2 25 | $49.1B | $1.8B | ||
| Q1 25 | $48.0B | $1.6B | ||
| Q3 24 | $41.2B | $1.8B | ||
| Q2 24 | $40.3B | $1.8B | ||
| Q1 24 | $39.9B | $1.7B |
总资产BLKCLS
| Q1 26 | — | $8260.0B | ||
| Q4 25 | $170.0B | $7.2B | ||
| Q3 25 | $162.7B | $6.6B | ||
| Q2 25 | $146.5B | $6.2B | ||
| Q1 25 | $141.9B | $5.8B | ||
| Q3 24 | $132.8B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
负债/权益比BLKCLS
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | 0.34× | ||
| Q3 25 | 0.23× | 0.37× | ||
| Q2 25 | 0.26× | 0.48× | ||
| Q1 25 | 0.26× | 0.59× | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.3B | $356.3M |
| 自由现金流经营现金流 - 资本支出 | $2.1B | $137.9M |
| 自由现金流率自由现金流/营收 | 30.6% | 3.4% |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 2.02× | 1.68× |
| 过去12个月自由现金流最近4个季度 | $3.6B | $502.6M |
8季度趋势，按日历期对齐
经营现金流BLKCLS
| Q1 26 | — | $356.3M | ||
| Q4 25 | $2.3B | $250.6M | ||
| Q3 25 | $1.4B | $126.2M | ||
| Q2 25 | $1.4B | $152.4M | ||
| Q1 25 | $-1.1B | $130.3M | ||
| Q3 24 | — | $122.8M | ||
| Q2 24 | — | $99.6M | ||
| Q1 24 | $-408.0M | $108.1M |
自由现金流BLKCLS
| Q1 26 | — | $137.9M | ||
| Q4 25 | $2.1B | $155.9M | ||
| Q3 25 | $1.3B | $88.9M | ||
| Q2 25 | $1.3B | $119.9M | ||
| Q1 25 | $-1.2B | $93.6M | ||
| Q3 24 | — | $76.8M | ||
| Q2 24 | — | $62.7M | ||
| Q1 24 | $-472.0M | $67.7M |
自由现金流率BLKCLS
| Q1 26 | — | 3.4% | ||
| Q4 25 | 30.6% | 4.3% | ||
| Q3 25 | 20.5% | 2.8% | ||
| Q2 25 | 23.5% | 4.1% | ||
| Q1 25 | -22.9% | 3.5% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | -10.0% | 3.1% |
资本支出强度BLKCLS
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 2.6% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 1.5% | 1.4% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | 1.4% | 1.8% |
现金转化率BLKCLS
| Q1 26 | — | 1.68× | ||
| Q4 25 | 2.02× | 0.94× | ||
| Q3 25 | 1.07× | 0.47× | ||
| Q2 25 | 0.86× | 0.72× | ||
| Q1 25 | -0.75× | 1.51× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | -0.26× | 1.18× |
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
BLK
| Investment Advice | $5.3B | 75% |
| Investment Performance | $754.0M | 11% |
| Technology Services And Subscription Revenue | $531.0M | 8% |
| Distribution And Shareholder Service | $359.0M | 5% |
| Service Other | $86.0M | 1% |
CLS
暂无分部数据
