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Broadridge Financial Solutions（BR）与Brown & Brown（BRO）财务数据对比。点击上方公司名可切换其他公司
Broadridge Financial Solutions的季度营收约是Brown & Brown的1.1倍（$1.7B vs $1.6B），Broadridge Financial Solutions净利率更高（16.6% vs 16.5%，领先0.1%），Brown & Brown同比增速更快（35.8% vs -5.4%），过去两年Brown & Brown的营收复合增速更高（13.0% vs 10.4%）
Broadridge Financial Solutions是2007年从自动数据处理公司（ADP）分拆成立的上市企业服务及金融科技企业，总部位于纽约莱克萨克塞斯，为金融行业客户提供股东委托书、年报等金融单证服务，以及线上年会等股东沟通解决方案。
Brown & Brown是总部位于美国佛罗里达州代托纳比奇的保险经纪公司，是美国规模最大的独立保险中介机构之一，面向企业、政府机构、专业组织、行业协会及个人客户提供风险管理解决方案、保险产品及相关服务。
BR vs BRO — 直观对比
营收规模更大
BR
是对方的1.1倍
$1.6B
营收增速更快
BRO
高出41.2%
-5.4%
净利率更高
BR
高出0.1%
16.5%
两年增速更快
BRO
近两年复合增速
10.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.6B |
| 净利润 | $284.6M | $265.0M |
| 毛利率 | 27.6% | — |
| 营业利润率 | 12.0% | — |
| 净利率 | 16.6% | 16.5% |
| 营收同比 | -5.4% | 35.8% |
| 净利润同比 | 17.1% | 26.8% |
| 每股收益（稀释后） | $2.42 | $0.55 |
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BRBRO
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.7B | $1.3B |
净利润BRBRO
| Q4 25 | $284.6M | $265.0M | ||
| Q3 25 | — | $227.0M | ||
| Q2 25 | $374.2M | $231.0M | ||
| Q1 25 | $243.1M | $331.0M | ||
| Q4 24 | $142.4M | $209.0M | ||
| Q3 24 | $79.8M | $234.0M | ||
| Q2 24 | $323.2M | $257.0M | ||
| Q1 24 | $213.7M | $293.0M |
毛利率BRBRO
| Q4 25 | 27.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 35.5% | — | ||
| Q1 24 | 31.2% | — |
营业利润率BRBRO
| Q4 25 | 12.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 24.1% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 13.3% | 23.3% | ||
| Q3 24 | 9.4% | 26.7% | ||
| Q2 24 | 22.7% | 29.4% | ||
| Q1 24 | 17.5% | 28.9% |
净利率BRBRO
| Q4 25 | 16.6% | 16.5% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | 18.1% | 18.0% | ||
| Q1 25 | 13.4% | 23.6% | ||
| Q4 24 | 9.0% | 17.7% | ||
| Q3 24 | 5.6% | 19.7% | ||
| Q2 24 | 16.6% | 21.8% | ||
| Q1 24 | 12.4% | 23.3% |
每股收益（稀释后）BRBRO
| Q4 25 | $2.42 | $0.55 | ||
| Q3 25 | — | $0.68 | ||
| Q2 25 | $3.17 | $0.78 | ||
| Q1 25 | $2.05 | $1.15 | ||
| Q4 24 | $1.20 | $0.73 | ||
| Q3 24 | $0.68 | $0.81 | ||
| Q2 24 | $2.72 | $0.90 | ||
| Q1 24 | $1.79 | $1.02 |
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 | $371.5M | $1.1B |
| 总债务越低越好 | $3.2B | $7.6B |
| 股东权益账面价值 | $2.9B | $12.6B |
| 总资产 | $8.6B | $30.0B |
| 负债/权益比越低杠杆越低 | 1.10× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资BRBRO
| Q4 25 | $371.5M | $1.1B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $562.2M | $8.9B | ||
| Q1 25 | $317.9M | $669.0M | ||
| Q4 24 | $290.6M | $685.0M | ||
| Q3 24 | $293.5M | $968.0M | ||
| Q2 24 | $305.2M | $1.1B | ||
| Q1 24 | $236.4M | $591.0M |
总债务BRBRO
| Q4 25 | $3.2B | $7.6B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | $3.3B | $7.5B | ||
| Q1 25 | $3.4B | $3.8B | ||
| Q4 24 | $3.7B | $3.8B | ||
| Q3 24 | $3.6B | $3.6B | ||
| Q2 24 | $3.4B | $4.1B | ||
| Q1 24 | $3.5B | $3.9B |
股东权益BRBRO
| Q4 25 | $2.9B | $12.6B | ||
| Q3 25 | — | $12.4B | ||
| Q2 25 | $2.7B | $11.6B | ||
| Q1 25 | $2.4B | $6.8B | ||
| Q4 24 | $2.2B | $6.4B | ||
| Q3 24 | $2.2B | $6.5B | ||
| Q2 24 | $2.2B | $6.0B | ||
| Q1 24 | $2.3B | $5.8B |
总资产BRBRO
| Q4 25 | $8.6B | $30.0B | ||
| Q3 25 | — | $29.4B | ||
| Q2 25 | $8.5B | $25.6B | ||
| Q1 25 | $8.3B | $16.8B | ||
| Q4 24 | $8.2B | $17.6B | ||
| Q3 24 | $8.0B | $17.5B | ||
| Q2 24 | $8.2B | $15.9B | ||
| Q1 24 | $8.2B | $14.8B |
负债/权益比BRBRO
| Q4 25 | 1.10× | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | 1.22× | 0.65× | ||
| Q1 25 | 1.44× | 0.56× | ||
| Q4 24 | 1.64× | 0.59× | ||
| Q3 24 | 1.63× | 0.55× | ||
| Q2 24 | 1.55× | 0.68× | ||
| Q1 24 | 1.55× | 0.67× |
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 | — | $444.0M |
| 自由现金流经营现金流 - 资本支出 | — | $424.0M |
| 自由现金流率自由现金流/营收 | — | 26.4% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.68× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流BRBRO
| Q4 25 | — | $444.0M | ||
| Q3 25 | — | $468.0M | ||
| Q2 25 | $699.7M | $325.0M | ||
| Q1 25 | $360.4M | $213.0M | ||
| Q4 24 | $236.7M | $361.0M | ||
| Q3 24 | $-125.5M | $440.0M | ||
| Q2 24 | $721.0M | $360.0M | ||
| Q1 24 | $207.4M | $13.0M |
自由现金流BRBRO
| Q4 25 | — | $424.0M | ||
| Q3 25 | — | $452.0M | ||
| Q2 25 | $684.1M | $310.0M | ||
| Q1 25 | $348.9M | $196.0M | ||
| Q4 24 | $227.9M | $341.0M | ||
| Q3 24 | $-133.4M | $417.0M | ||
| Q2 24 | $703.2M | $334.0M | ||
| Q1 24 | $184.6M | $0 |
自由现金流率BRBRO
| Q4 25 | — | 26.4% | ||
| Q3 25 | — | 28.1% | ||
| Q2 25 | 33.1% | 24.1% | ||
| Q1 25 | 19.3% | 14.0% | ||
| Q4 24 | 14.3% | 28.8% | ||
| Q3 24 | -9.4% | 35.2% | ||
| Q2 24 | 36.2% | 28.4% | ||
| Q1 24 | 10.7% | 0.0% |
资本支出强度BRBRO
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 0.8% | 1.2% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | 0.6% | 1.7% | ||
| Q3 24 | 0.6% | 1.9% | ||
| Q2 24 | 0.9% | 2.2% | ||
| Q1 24 | 1.3% | 1.0% |
现金转化率BRBRO
| Q4 25 | — | 1.68× | ||
| Q3 25 | — | 2.06× | ||
| Q2 25 | 1.87× | 1.41× | ||
| Q1 25 | 1.48× | 0.64× | ||
| Q4 24 | 1.66× | 1.73× | ||
| Q3 24 | -1.57× | 1.88× | ||
| Q2 24 | 2.23× | 1.40× | ||
| Q1 24 | 0.97× | 0.04× |
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
BR
| Recurring Fee Revenue Investor Communication Solutions | $589.5M | 34% |
| Recurring Fee Revenue Capital Markets | $300.9M | 18% |
| Recurring Fee Revenue Regulatory | $248.7M | 15% |
| Recurring Fee Revenue Customer Communications | $189.2M | 11% |
| Recurring Fee Revenue Wealth And Investment Management | $179.7M | 10% |
| Recurring Fee Revenue Data Driven Fund Solutions | $112.7M | 7% |
| Event Driven Revenue Mutual Funds | $51.4M | 3% |
| Event Driven Revenue Equity And Other | $39.2M | 2% |
| Global Technology And Operations | $7.5M | 0% |
BRO
| US | $1.4B | 87% |
| GB | $147.0M | 9% |
| Profit Sharing Contingent Commission Revenue | $33.0M | 2% |
| Other Supplemental Commissions Revenue | $25.0M | 2% |
