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Broadridge Financial Solutions（BR）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
Broadridge Financial Solutions的季度营收约是沃特世的1.8倍（$1.7B vs $932.4M），沃特世净利率更高（24.2% vs 16.6%，领先7.5%），沃特世同比增速更快（6.8% vs -5.4%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
BR vs WAT — 直观对比
营收规模更大
BR
是对方的1.8倍
$932.4M
营收增速更快
WAT
高出12.2%
-5.4%
净利率更高
WAT
高出7.5%
16.6%
两年增速更快
WAT
近两年复合增速
10.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $932.4M |
| 净利润 | $284.6M | $225.2M |
| 毛利率 | 27.6% | 61.1% |
| 营业利润率 | 12.0% | 29.0% |
| 净利率 | 16.6% | 24.2% |
| 营收同比 | -5.4% | 6.8% |
| 净利润同比 | 17.1% | -2.7% |
| 每股收益（稀释后） | $2.42 | $3.76 |
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BRWAT
| Q4 25 | $1.7B | $932.4M | ||
| Q3 25 | — | $799.9M | ||
| Q2 25 | $2.1B | $771.3M | ||
| Q1 25 | $1.8B | $661.7M | ||
| Q4 24 | $1.6B | $872.7M | ||
| Q3 24 | $1.4B | $740.3M | ||
| Q2 24 | $1.9B | $708.5M | ||
| Q1 24 | $1.7B | $636.8M |
净利润BRWAT
| Q4 25 | $284.6M | $225.2M | ||
| Q3 25 | — | $148.9M | ||
| Q2 25 | $374.2M | $147.1M | ||
| Q1 25 | $243.1M | $121.4M | ||
| Q4 24 | $142.4M | $231.4M | ||
| Q3 24 | $79.8M | $161.5M | ||
| Q2 24 | $323.2M | $142.7M | ||
| Q1 24 | $213.7M | $102.2M |
毛利率BRWAT
| Q4 25 | 27.6% | 61.1% | ||
| Q3 25 | — | 59.0% | ||
| Q2 25 | 37.3% | 58.3% | ||
| Q1 25 | 31.8% | 58.2% | ||
| Q4 24 | 27.9% | 60.1% | ||
| Q3 24 | 24.5% | 59.3% | ||
| Q2 24 | 35.5% | 59.3% | ||
| Q1 24 | 31.2% | 58.9% |
营业利润率BRWAT
| Q4 25 | 12.0% | 29.0% | ||
| Q3 25 | — | 24.0% | ||
| Q2 25 | 24.1% | 24.4% | ||
| Q1 25 | 19.0% | 22.9% | ||
| Q4 24 | 13.3% | 33.5% | ||
| Q3 24 | 9.4% | 28.5% | ||
| Q2 24 | 22.7% | 26.7% | ||
| Q1 24 | 17.5% | 21.0% |
净利率BRWAT
| Q4 25 | 16.6% | 24.2% | ||
| Q3 25 | — | 18.6% | ||
| Q2 25 | 18.1% | 19.1% | ||
| Q1 25 | 13.4% | 18.3% | ||
| Q4 24 | 9.0% | 26.5% | ||
| Q3 24 | 5.6% | 21.8% | ||
| Q2 24 | 16.6% | 20.1% | ||
| Q1 24 | 12.4% | 16.0% |
每股收益（稀释后）BRWAT
| Q4 25 | $2.42 | $3.76 | ||
| Q3 25 | — | $2.50 | ||
| Q2 25 | $3.17 | $2.47 | ||
| Q1 25 | $2.05 | $2.03 | ||
| Q4 24 | $1.20 | $3.88 | ||
| Q3 24 | $0.68 | $2.71 | ||
| Q2 24 | $2.72 | $2.40 | ||
| Q1 24 | $1.79 | $1.72 |
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 | $587.8M |
| 总债务越低越好 | $3.2B | $1.4B |
| 股东权益账面价值 | $2.9B | $2.6B |
| 总资产 | $8.6B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.10× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资BRWAT
| Q4 25 | $371.5M | $587.8M | ||
| Q3 25 | — | $459.1M | ||
| Q2 25 | $562.2M | $367.2M | ||
| Q1 25 | $317.9M | $382.9M | ||
| Q4 24 | $290.6M | $325.4M | ||
| Q3 24 | $293.5M | $331.5M | ||
| Q2 24 | $305.2M | $327.4M | ||
| Q1 24 | $236.4M | $338.2M |
总债务BRWAT
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.7B | $1.6B | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | — |
股东权益BRWAT
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.2B | $1.4B | ||
| Q1 24 | $2.3B | $1.3B |
总资产BRWAT
| Q4 25 | $8.6B | $5.1B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | $8.5B | $4.7B | ||
| Q1 25 | $8.3B | $4.6B | ||
| Q4 24 | $8.2B | $4.6B | ||
| Q3 24 | $8.0B | $4.5B | ||
| Q2 24 | $8.2B | $4.4B | ||
| Q1 24 | $8.2B | $4.5B |
负债/权益比BRWAT
| Q4 25 | 1.10× | 0.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.64× | 0.89× | ||
| 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 | — | $164.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.73× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BRWAT
| Q4 25 | — | $164.6M | ||
| Q3 25 | — | $187.3M | ||
| Q2 25 | $699.7M | $41.1M | ||
| Q1 25 | $360.4M | $259.6M | ||
| Q4 24 | $236.7M | $240.1M | ||
| Q3 24 | $-125.5M | $204.6M | ||
| Q2 24 | $721.0M | $54.5M | ||
| Q1 24 | $207.4M | $262.9M |
自由现金流BRWAT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $684.1M | — | ||
| Q1 25 | $348.9M | — | ||
| Q4 24 | $227.9M | — | ||
| Q3 24 | $-133.4M | — | ||
| Q2 24 | $703.2M | — | ||
| Q1 24 | $184.6M | — |
自由现金流率BRWAT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 33.1% | — | ||
| Q1 25 | 19.3% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | -9.4% | — | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 10.7% | — |
资本支出强度BRWAT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.3% | — |
现金转化率BRWAT
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | 1.87× | 0.28× | ||
| Q1 25 | 1.48× | 2.14× | ||
| Q4 24 | 1.66× | 1.04× | ||
| Q3 24 | -1.57× | 1.27× | ||
| Q2 24 | 2.23× | 0.38× | ||
| Q1 24 | 0.97× | 2.57× |
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% |
WAT
暂无分部数据
