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Broadridge Financial Solutions（BR）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
韦莱韬悦的季度营收约是Broadridge Financial Solutions的1.7倍（$2.9B vs $1.7B），韦莱韬悦净利率更高（25.5% vs 16.6%，领先8.9%），韦莱韬悦同比增速更快（-3.5% vs -5.4%），过去两年韦莱韬悦的营收复合增速更高（12.0% 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。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
BR vs WTW — 直观对比
营收规模更大
WTW
是对方的1.7倍
$1.7B
营收增速更快
WTW
高出1.8%
-5.4%
净利率更高
WTW
高出8.9%
16.6%
两年增速更快
WTW
近两年复合增速
10.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.9B |
| 净利润 | $284.6M | $735.0M |
| 毛利率 | 27.6% | — |
| 营业利润率 | 12.0% | 35.3% |
| 净利率 | 16.6% | 25.5% |
| 营收同比 | -5.4% | -3.5% |
| 净利润同比 | 17.1% | -41.0% |
| 每股收益（稀释后） | $2.42 | $7.50 |
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BRWTW
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.9B | $2.2B | ||
| Q1 24 | $1.7B | $2.3B |
净利润BRWTW
| Q4 25 | $284.6M | $735.0M | ||
| Q3 25 | — | $304.0M | ||
| Q2 25 | $374.2M | $331.0M | ||
| Q1 25 | $243.1M | $235.0M | ||
| Q4 24 | $142.4M | $1.2B | ||
| Q3 24 | $79.8M | $-1.7B | ||
| Q2 24 | $323.2M | $141.0M | ||
| Q1 24 | $213.7M | $190.0M |
毛利率BRWTW
| 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BRWTW
| Q4 25 | 12.0% | 35.3% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | 24.1% | 16.6% | ||
| Q1 25 | 19.0% | 19.8% | ||
| Q4 24 | 13.3% | 30.2% | ||
| Q3 24 | 9.4% | -34.2% | ||
| Q2 24 | 22.7% | 9.6% | ||
| Q1 24 | 17.5% | 12.2% |
净利率BRWTW
| Q4 25 | 16.6% | 25.5% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | 18.1% | 14.9% | ||
| Q1 25 | 13.4% | 10.8% | ||
| Q4 24 | 9.0% | 41.7% | ||
| Q3 24 | 5.6% | -74.8% | ||
| Q2 24 | 16.6% | 6.4% | ||
| Q1 24 | 12.4% | 8.3% |
每股收益（稀释后）BRWTW
| Q4 25 | $2.42 | $7.50 | ||
| Q3 25 | — | $3.11 | ||
| Q2 25 | $3.17 | $3.32 | ||
| Q1 25 | $2.05 | $2.33 | ||
| Q4 24 | $1.20 | $12.29 | ||
| Q3 24 | $0.68 | $-16.44 | ||
| Q2 24 | $2.72 | $1.36 | ||
| Q1 24 | $1.79 | $1.83 |
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 | $3.2B |
| 总债务越低越好 | $3.2B | $9.7B |
| 股东权益账面价值 | $2.9B | $8.0B |
| 总资产 | $8.6B | $29.5B |
| 负债/权益比越低杠杆越低 | 1.10× | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资BRWTW
| Q4 25 | $371.5M | $3.2B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $562.2M | $2.0B | ||
| Q1 25 | $317.9M | $1.5B | ||
| Q4 24 | $290.6M | $1.9B | ||
| Q3 24 | $293.5M | $1.4B | ||
| Q2 24 | $305.2M | $1.2B | ||
| Q1 24 | $236.4M | $1.9B |
总债务BRWTW
| Q4 25 | $3.2B | $9.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.7B | $8.6B | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.5B | — |
股东权益BRWTW
| Q4 25 | $2.9B | $8.0B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | $2.7B | $8.1B | ||
| Q1 25 | $2.4B | $8.1B | ||
| Q4 24 | $2.2B | $7.9B | ||
| Q3 24 | $2.2B | $7.5B | ||
| Q2 24 | $2.2B | $9.3B | ||
| Q1 24 | $2.3B | $9.5B |
总资产BRWTW
| Q4 25 | $8.6B | $29.5B | ||
| Q3 25 | — | $27.4B | ||
| Q2 25 | $8.5B | $28.5B | ||
| Q1 25 | $8.3B | $28.1B | ||
| Q4 24 | $8.2B | $27.7B | ||
| Q3 24 | $8.0B | $27.2B | ||
| Q2 24 | $8.2B | $29.6B | ||
| Q1 24 | $8.2B | $30.2B |
负债/权益比BRWTW
| Q4 25 | 1.10× | 1.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.64× | 1.08× | ||
| 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 | — | $771.0M |
| 自由现金流经营现金流 - 资本支出 | — | $708.0M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 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 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流BRWTW
| Q4 25 | — | $771.0M | ||
| Q3 25 | — | $678.0M | ||
| Q2 25 | $699.7M | $361.0M | ||
| Q1 25 | $360.4M | $-35.0M | ||
| Q4 24 | $236.7M | $599.0M | ||
| Q3 24 | $-125.5M | $482.0M | ||
| Q2 24 | $721.0M | $407.0M | ||
| Q1 24 | $207.4M | $24.0M |
自由现金流BRWTW
| Q4 25 | — | $708.0M | ||
| Q3 25 | — | $621.0M | ||
| Q2 25 | $684.1M | $303.0M | ||
| Q1 25 | $348.9M | $-86.0M | ||
| Q4 24 | $227.9M | $543.0M | ||
| Q3 24 | $-133.4M | $419.0M | ||
| Q2 24 | $703.2M | $341.0M | ||
| Q1 24 | $184.6M | $-36.0M |
自由现金流率BRWTW
| Q4 25 | — | 24.6% | ||
| Q3 25 | — | 27.7% | ||
| Q2 25 | 33.1% | 13.7% | ||
| Q1 25 | 19.3% | -3.9% | ||
| Q4 24 | 14.3% | 18.2% | ||
| Q3 24 | -9.4% | 18.7% | ||
| Q2 24 | 36.2% | 15.4% | ||
| Q1 24 | 10.7% | -1.6% |
资本支出强度BRWTW
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 0.8% | 2.6% | ||
| Q1 25 | 0.6% | 2.3% | ||
| Q4 24 | 0.6% | 1.9% | ||
| Q3 24 | 0.6% | 2.8% | ||
| Q2 24 | 0.9% | 3.0% | ||
| Q1 24 | 1.3% | 2.6% |
现金转化率BRWTW
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | 1.87× | 1.09× | ||
| Q1 25 | 1.48× | -0.15× | ||
| Q4 24 | 1.66× | 0.48× | ||
| Q3 24 | -1.57× | — | ||
| Q2 24 | 2.23× | 2.89× | ||
| Q1 24 | 0.97× | 0.13× |
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% |
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
