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Broadridge Financial Solutions（BR）与佳明（GRMN）财务数据对比。点击上方公司名可切换其他公司
佳明的季度营收约是Broadridge Financial Solutions的1.2倍（$2.1B vs $1.7B），佳明净利率更高（24.9% vs 16.6%，领先8.3%），佳明同比增速更快（16.6% vs -5.4%），过去两年佳明的营收复合增速更高（24.0% 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。
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
BR vs GRMN — 直观对比
营收规模更大
GRMN
是对方的1.2倍
$1.7B
营收增速更快
GRMN
高出22.0%
-5.4%
净利率更高
GRMN
高出8.3%
16.6%
两年增速更快
GRMN
近两年复合增速
10.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.1B |
| 净利润 | $284.6M | $528.7M |
| 毛利率 | 27.6% | 59.2% |
| 营业利润率 | 12.0% | 28.9% |
| 净利率 | 16.6% | 24.9% |
| 营收同比 | -5.4% | 16.6% |
| 净利润同比 | 17.1% | 21.3% |
| 每股收益（稀释后） | $2.42 | $2.72 |
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BRGRMN
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.9B | $1.5B | ||
| Q1 24 | $1.7B | $1.4B |
净利润BRGRMN
| Q4 25 | $284.6M | $528.7M | ||
| Q3 25 | — | $401.6M | ||
| Q2 25 | $374.2M | $400.8M | ||
| Q1 25 | $243.1M | $332.8M | ||
| Q4 24 | $142.4M | $435.7M | ||
| Q3 24 | $79.8M | $399.1M | ||
| Q2 24 | $323.2M | $300.6M | ||
| Q1 24 | $213.7M | $276.0M |
毛利率BRGRMN
| Q4 25 | 27.6% | 59.2% | ||
| Q3 25 | — | 59.1% | ||
| Q2 25 | 37.3% | 58.8% | ||
| Q1 25 | 31.8% | 57.6% | ||
| Q4 24 | 27.9% | 59.3% | ||
| Q3 24 | 24.5% | 60.0% | ||
| Q2 24 | 35.5% | 57.3% | ||
| Q1 24 | 31.2% | 58.1% |
营业利润率BRGRMN
| Q4 25 | 12.0% | 28.9% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | 24.1% | 26.0% | ||
| Q1 25 | 19.0% | 21.7% | ||
| Q4 24 | 13.3% | 28.3% | ||
| Q3 24 | 9.4% | 27.6% | ||
| Q2 24 | 22.7% | 22.7% | ||
| Q1 24 | 17.5% | 21.6% |
净利率BRGRMN
| Q4 25 | 16.6% | 24.9% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | 18.1% | 22.1% | ||
| Q1 25 | 13.4% | 21.7% | ||
| Q4 24 | 9.0% | 23.9% | ||
| Q3 24 | 5.6% | 25.2% | ||
| Q2 24 | 16.6% | 20.0% | ||
| Q1 24 | 12.4% | 20.0% |
每股收益（稀释后）BRGRMN
| Q4 25 | $2.42 | $2.72 | ||
| Q3 25 | — | $2.08 | ||
| Q2 25 | $3.17 | $2.07 | ||
| Q1 25 | $2.05 | $1.72 | ||
| Q4 24 | $1.20 | $2.24 | ||
| Q3 24 | $0.68 | $2.07 | ||
| Q2 24 | $2.72 | $1.56 | ||
| Q1 24 | $1.79 | $1.43 |
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 | $2.3B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.9B | $9.0B |
| 总资产 | $8.6B | $11.0B |
| 负债/权益比越低杠杆越低 | 1.10× | — |
8季度趋势，按日历期对齐
现金及短期投资BRGRMN
| Q4 25 | $371.5M | $2.3B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $562.2M | $2.1B | ||
| Q1 25 | $317.9M | $2.2B | ||
| Q4 24 | $290.6M | $2.1B | ||
| Q3 24 | $293.5M | $2.0B | ||
| Q2 24 | $305.2M | $1.9B | ||
| Q1 24 | $236.4M | $1.9B |
总债务BRGRMN
| Q4 25 | $3.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | — |
股东权益BRGRMN
| Q4 25 | $2.9B | $9.0B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | $2.7B | $8.1B | ||
| Q1 25 | $2.4B | $8.2B | ||
| Q4 24 | $2.2B | $7.8B | ||
| Q3 24 | $2.2B | $7.5B | ||
| Q2 24 | $2.2B | $7.0B | ||
| Q1 24 | $2.3B | $7.2B |
总资产BRGRMN
| Q4 25 | $8.6B | $11.0B | ||
| Q3 25 | — | $10.5B | ||
| Q2 25 | $8.5B | $10.3B | ||
| Q1 25 | $8.3B | $9.8B | ||
| Q4 24 | $8.2B | $9.6B | ||
| Q3 24 | $8.0B | $9.3B | ||
| Q2 24 | $8.2B | $8.9B | ||
| Q1 24 | $8.2B | $8.6B |
负债/权益比BRGRMN
| Q4 25 | 1.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.64× | — | ||
| Q3 24 | 1.63× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 1.55× | — |
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 | — | $553.8M |
| 自由现金流经营现金流 - 资本支出 | — | $429.6M |
| 自由现金流率自由现金流/营收 | — | 20.2% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | — | 1.05× |
| 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BRGRMN
| Q4 25 | — | $553.8M | ||
| Q3 25 | — | $485.6M | ||
| Q2 25 | $699.7M | $173.2M | ||
| Q1 25 | $360.4M | $420.8M | ||
| Q4 24 | $236.7M | $483.9M | ||
| Q3 24 | $-125.5M | $258.0M | ||
| Q2 24 | $721.0M | $255.3M | ||
| Q1 24 | $207.4M | $435.3M |
自由现金流BRGRMN
| Q4 25 | — | $429.6M | ||
| Q3 25 | — | $425.1M | ||
| Q2 25 | $684.1M | $127.5M | ||
| Q1 25 | $348.9M | $380.7M | ||
| Q4 24 | $227.9M | $399.2M | ||
| Q3 24 | $-133.4M | $219.4M | ||
| Q2 24 | $703.2M | $218.2M | ||
| Q1 24 | $184.6M | $402.1M |
自由现金流率BRGRMN
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 24.0% | ||
| Q2 25 | 33.1% | 7.0% | ||
| Q1 25 | 19.3% | 24.8% | ||
| Q4 24 | 14.3% | 21.9% | ||
| Q3 24 | -9.4% | 13.8% | ||
| Q2 24 | 36.2% | 14.5% | ||
| Q1 24 | 10.7% | 29.1% |
资本支出强度BRGRMN
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 0.8% | 2.5% | ||
| Q1 25 | 0.6% | 2.6% | ||
| Q4 24 | 0.6% | 4.6% | ||
| Q3 24 | 0.6% | 2.4% | ||
| Q2 24 | 0.9% | 2.5% | ||
| Q1 24 | 1.3% | 2.4% |
现金转化率BRGRMN
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | 1.87× | 0.43× | ||
| Q1 25 | 1.48× | 1.26× | ||
| Q4 24 | 1.66× | 1.11× | ||
| Q3 24 | -1.57× | 0.65× | ||
| Q2 24 | 2.23× | 0.85× | ||
| Q1 24 | 0.97× | 1.58× |
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% |
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
