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贝莱德（BLK）与罗宾汉（HOOD）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罗宾汉的7.6倍（$7.0B vs $927.0M），罗宾汉净利率更高（36.2% vs 16.1%，领先20.2%），过去两年贝莱德的营收复合增速更高（24.5% vs 16.6%）
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。
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
BLK vs HOOD — 直观对比
营收规模更大
BLK
是对方的7.6倍
$927.0M
净利率更高
HOOD
高出20.2%
16.1%
两年增速更快
BLK
近两年复合增速
16.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.0B | $927.0M |
| 净利润 | $1.1B | $336.0M |
| 毛利率 | — | — |
| 营业利润率 | 23.7% | — |
| 净利率 | 16.1% | 36.2% |
| 营收同比 | — | -27.7% |
| 净利润同比 | — | -2.9% |
| 每股收益（稀释后） | $7.05 | $336.00 |
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BLKHOOD
| Q1 26 | — | $927.0M | ||
| Q4 25 | $7.0B | $1.3B | ||
| Q3 25 | $6.5B | $1.3B | ||
| Q2 25 | $5.4B | $989.0M | ||
| Q1 25 | $5.3B | $927.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $5.2B | $637.0M | ||
| Q2 24 | $4.8B | $682.0M |
净利润BLKHOOD
| Q1 26 | — | $336.0M | ||
| Q4 25 | $1.1B | $605.0M | ||
| Q3 25 | $1.3B | $556.0M | ||
| Q2 25 | $1.6B | $386.0M | ||
| Q1 25 | $1.5B | $336.0M | ||
| Q4 24 | — | $916.0M | ||
| Q3 24 | $1.6B | $150.0M | ||
| Q2 24 | $1.5B | $188.0M |
营业利润率BLKHOOD
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 51.5% | ||
| Q3 25 | 30.0% | 49.8% | ||
| Q2 25 | 31.9% | 44.7% | ||
| Q1 25 | 32.2% | 40.0% | ||
| Q4 24 | — | 55.0% | ||
| Q3 24 | 38.6% | 24.0% | ||
| Q2 24 | 37.5% | 28.0% |
净利率BLKHOOD
| Q1 26 | — | 36.2% | ||
| Q4 25 | 16.1% | 47.2% | ||
| Q3 25 | 20.3% | 43.6% | ||
| Q2 25 | 29.4% | 39.0% | ||
| Q1 25 | 28.6% | 36.2% | ||
| Q4 24 | — | 90.3% | ||
| Q3 24 | 31.4% | 23.5% | ||
| Q2 24 | 31.1% | 27.6% |
每股收益（稀释后）BLKHOOD
| Q1 26 | — | $336.00 | ||
| Q4 25 | $7.05 | $0.65 | ||
| Q3 25 | $8.43 | $0.61 | ||
| Q2 25 | $10.19 | $0.42 | ||
| Q1 25 | $9.64 | $0.37 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $10.90 | $0.17 | ||
| Q2 24 | $9.99 | $0.21 |
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 | $4.3B |
| 总债务越低越好 | $12.8B | — |
| 股东权益账面价值 | $55.9B | $9.2B |
| 总资产 | $170.0B | $38.1B |
| 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BLKHOOD
| Q1 26 | — | $4.3B | ||
| Q4 25 | $11.5B | $4.3B | ||
| Q3 25 | $10.0B | $4.3B | ||
| Q2 25 | $9.5B | $4.2B | ||
| Q1 25 | $7.7B | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $14.0B | $4.6B | ||
| Q2 24 | — | $4.5B |
总债务BLKHOOD
| Q1 26 | — | — | ||
| Q4 25 | $12.8B | — | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $12.8B | — | ||
| Q1 25 | $12.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.4B | — | ||
| Q2 24 | — | — |
股东权益BLKHOOD
| Q1 26 | — | $9.2B | ||
| Q4 25 | $55.9B | $9.2B | ||
| Q3 25 | $55.5B | $8.6B | ||
| Q2 25 | $49.1B | $8.1B | ||
| Q1 25 | $48.0B | $8.0B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | $41.2B | $7.2B | ||
| Q2 24 | $40.3B | $7.1B |
总资产BLKHOOD
| Q1 26 | — | $38.1B | ||
| Q4 25 | $170.0B | $38.1B | ||
| Q3 25 | $162.7B | $41.5B | ||
| Q2 25 | $146.5B | $35.3B | ||
| Q1 25 | $141.9B | $27.5B | ||
| Q4 24 | — | $26.2B | ||
| Q3 24 | $132.8B | $43.2B | ||
| Q2 24 | — | $41.3B |
负债/权益比BLKHOOD
| Q1 26 | — | — | ||
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 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 | $642.0M |
| 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× | 1.91× |
| 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BLKHOOD
| Q1 26 | — | $642.0M | ||
| Q4 25 | $2.3B | $-937.0M | ||
| Q3 25 | $1.4B | $-1.6B | ||
| Q2 25 | $1.4B | $3.5B | ||
| Q1 25 | $-1.1B | $642.0M | ||
| Q4 24 | — | $-1.4B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $54.0M |
自由现金流BLKHOOD
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $-1.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率BLKHOOD
| Q1 26 | — | — | ||
| Q4 25 | 30.6% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | -22.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度BLKHOOD
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率BLKHOOD
| Q1 26 | — | 1.91× | ||
| Q4 25 | 2.02× | -1.55× | ||
| Q3 25 | 1.07× | -2.83× | ||
| Q2 25 | 0.86× | 9.09× | ||
| Q1 25 | -0.75× | 1.91× | ||
| Q4 24 | — | -1.53× | ||
| Q3 24 | — | 12.08× | ||
| Q2 24 | — | 0.29× |
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% |
HOOD
| Transaction-based revenues | $583.0M | 63% |
| Other | $290.0M | 31% |
| Other revenues | $54.0M | 6% |
