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贝莱德（BLK）与费森尤斯医疗（FMS）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费森尤斯医疗的1.3倍（$7.0B vs $5.5B），贝莱德净利率更高（16.1% vs 7.9%，领先8.2%）
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。
费森尤斯医疗是德国知名医疗保健企业，核心业务为肾脏透析服务，在全球运营4171家门诊透析中心，服务约34.54万名患者。公司主要为终末期肾病患者提供治疗服务，该类患者需终身每周接受3次透析治疗以维持生命。
BLK vs FMS — 直观对比
营收规模更大
BLK
是对方的1.3倍
$5.5B
净利率更高
BLK
高出8.2%
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $5.5B |
| 净利润 | $1.1B | $434.2M |
| 毛利率 | — | 27.4% |
| 营业利润率 | 23.7% | 11.7% |
| 净利率 | 16.1% | 7.9% |
| 营收同比 | — | -0.3% |
| 净利润同比 | — | 240.4% |
| 每股收益（稀释后） | $7.05 | — |
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BLKFMS
| Q4 25 | $7.0B | $5.5B | ||
| Q3 25 | $6.5B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | $5.2B | — | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $4.7B | — |
净利润BLKFMS
| Q4 25 | $1.1B | $434.2M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | — | $127.6M | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
毛利率BLKFMS
| Q4 25 | — | 27.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率BLKFMS
| Q4 25 | 23.7% | 11.7% | ||
| Q3 25 | 30.0% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 37.5% | — | ||
| Q1 24 | 35.8% | — |
净利率BLKFMS
| Q4 25 | 16.1% | 7.9% | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 29.4% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | 31.4% | — | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 33.3% | — |
每股收益（稀释后）BLKFMS
| Q4 25 | $7.05 | — | ||
| Q3 25 | $8.43 | — | ||
| Q2 25 | $10.19 | — | ||
| Q1 25 | $9.64 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $10.90 | — | ||
| Q2 24 | $9.99 | — | ||
| Q1 24 | $10.48 | — |
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 | $1.7B |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $55.9B | $15.4B |
| 总资产 | $170.0B | $33.5B |
| 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BLKFMS
| Q4 25 | $11.5B | $1.7B | ||
| Q3 25 | $10.0B | — | ||
| Q2 25 | $9.5B | — | ||
| Q1 25 | $7.7B | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $14.0B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务BLKFMS
| Q4 25 | $12.8B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $12.8B | — | ||
| Q1 25 | $12.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.4B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BLKFMS
| Q4 25 | $55.9B | $15.4B | ||
| Q3 25 | $55.5B | — | ||
| Q2 25 | $49.1B | — | ||
| Q1 25 | $48.0B | — | ||
| Q4 24 | — | $17.0B | ||
| Q3 24 | $41.2B | — | ||
| Q2 24 | $40.3B | — | ||
| Q1 24 | $39.9B | — |
总资产BLKFMS
| Q4 25 | $170.0B | $33.5B | ||
| Q3 25 | $162.7B | — | ||
| Q2 25 | $146.5B | — | ||
| Q1 25 | $141.9B | — | ||
| Q4 24 | — | $36.3B | ||
| Q3 24 | $132.8B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
负债/权益比BLKFMS
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | — | — | ||
| 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 | $2.9B |
| 自由现金流经营现金流 - 资本支出 | $2.1B | — |
| 自由现金流率自由现金流/营收 | 30.6% | — |
| 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× | 6.67× |
| 过去12个月自由现金流最近4个季度 | $3.6B | — |
8季度趋势，按日历期对齐
经营现金流BLKFMS
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $-1.1B | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-408.0M | — |
自由现金流BLKFMS
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $-1.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-472.0M | — |
自由现金流率BLKFMS
| Q4 25 | 30.6% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | -22.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -10.0% | — |
资本支出强度BLKFMS
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.4% | — |
现金转化率BLKFMS
| Q4 25 | 2.02× | 6.67× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | -0.75× | — | ||
| Q4 24 | — | 20.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.26× | — |
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% |
FMS
暂无分部数据
