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布鲁克菲尔德（BNT）与凯悦酒店集团（H）财务数据对比。点击上方公司名可切换其他公司
布鲁克菲尔德的季度营收约是凯悦酒店集团的1.7倍（$3.0B vs $1.8B），布鲁克菲尔德净利率更高（17.0% vs -1.1%，领先18.1%），凯悦酒店集团同比增速更快（11.7% vs 4.7%）
布鲁克菲尔德是加拿大跨国企业，为全球规模最大的另类投资管理机构之一，管理资产规模超1万亿美元，资金多来自全球公共养老金的雇员递延收入，投资覆盖地产、可再生能源、基础设施、信贷、私募股权领域，2019年收购橡树资本后拓展了不良证券投资业务。
凯悦酒店集团是来自美国的跨国酒店管理企业，总部位于芝加哥河畔广场区域，由普利兹克家族运营管理。集团主营高端及商务酒店、度假村、度假物业的管理与特许经营业务，目前在全球69个国家拥有逾1350家酒店及一价全包物业，覆盖六大洲。
BNT vs H — 直观对比
营收规模更大
BNT
是对方的1.7倍
$1.8B
营收增速更快
H
高出7.0%
4.7%
净利率更高
BNT
高出18.1%
-1.1%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.8B |
| 净利润 | $516.0M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.0% | 0.4% |
| 净利率 | 17.0% | -1.1% |
| 营收同比 | 4.7% | 11.7% |
| 净利润同比 | 91.8% | 64.3% |
| 每股收益（稀释后） | — | $-0.20 |
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BNTH
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $2.9B | $1.7B | ||
| Q1 24 | — | $1.7B |
净利润BNTH
| Q4 25 | — | $-20.0M | ||
| Q3 25 | — | $-49.0M | ||
| Q2 25 | $516.0M | $-3.0M | ||
| Q1 25 | — | $20.0M | ||
| Q4 24 | — | $-56.0M | ||
| Q3 24 | — | $471.0M | ||
| Q2 24 | $269.0M | $359.0M | ||
| Q1 24 | — | $522.0M |
营业利润率BNTH
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | 20.0% | 2.1% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | -1.0% | 27.1% | ||
| Q1 24 | — | 31.6% |
净利率BNTH
| Q4 25 | — | -1.1% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | 17.0% | -0.2% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | 9.3% | 21.1% | ||
| Q1 24 | — | 30.5% |
每股收益（稀释后）BNTH
| Q4 25 | — | $-0.20 | ||
| Q3 25 | — | $-0.51 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | — | $-0.37 | ||
| Q3 24 | — | $4.63 | ||
| Q2 24 | — | $3.46 | ||
| Q1 24 | — | $4.93 |
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 | $17.5B | $813.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.8B | $3.3B |
| 总资产 | $148.9B | $14.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BNTH
| Q4 25 | — | $813.0M | ||
| Q3 25 | — | $749.0M | ||
| Q2 25 | $17.5B | $912.0M | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $17.2B | $2.0B | ||
| Q1 24 | — | $794.0M |
总债务BNTH
| Q4 25 | — | — | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.1B |
股东权益BNTH
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | $15.8B | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | $9.0B | $3.9B | ||
| Q1 24 | — | $3.7B |
总资产BNTH
| Q4 25 | — | $14.0B | ||
| Q3 25 | — | $15.7B | ||
| Q2 25 | $148.9B | $15.9B | ||
| Q1 25 | — | $14.0B | ||
| Q4 24 | — | $13.3B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | $130.5B | $12.8B | ||
| Q1 24 | — | $11.7B |
负债/权益比BNTH
| Q4 25 | — | — | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 0.84× |
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 | — | $313.0M |
| 自由现金流经营现金流 - 资本支出 | — | $236.0M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 4.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $159.0M |
8季度趋势，按日历期对齐
经营现金流BNTH
| Q4 25 | — | $313.0M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-67.0M | ||
| Q1 25 | — | $153.0M | ||
| Q4 24 | — | $235.0M | ||
| Q3 24 | — | $-21.0M | ||
| Q2 24 | — | $177.0M | ||
| Q1 24 | — | $242.0M |
自由现金流BNTH
| Q4 25 | — | $236.0M | ||
| Q3 25 | — | $-89.0M | ||
| Q2 25 | — | $-111.0M | ||
| Q1 25 | — | $123.0M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | — | $-64.0M | ||
| Q2 24 | — | $135.0M | ||
| Q1 24 | — | $208.0M |
自由现金流率BNTH
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | — | -6.1% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 12.1% |
资本支出强度BNTH
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 2.0% |
现金转化率BNTH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 7.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.04× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.46× |
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
BNT
暂无分部数据
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
