vs
Brown & Brown（BRO）与Church & Dwight（CHD）财务数据对比。点击上方公司名可切换其他公司
Church & Dwight的季度营收约是Brown & Brown的1.0倍（$1.6B vs $1.6B），Brown & Brown净利率更高（16.5% vs 8.7%，领先7.8%），Brown & Brown同比增速更快（35.8% vs 3.9%），过去两年Brown & Brown的营收复合增速更高（13.0% vs 4.6%）
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。
Church & Dwight是美国知名消费品企业，成立于1847年，总部位于新泽西州尤因。公司主营个人护理、家居用品及特色产品，旗下拥有Arm & Hammer、Trojan、OxiClean等知名品牌，2022年全年营收达54亿美元。
BRO vs CHD — 直观对比
营收规模更大
CHD
是对方的1.0倍
$1.6B
营收增速更快
BRO
高出31.9%
3.9%
净利率更高
BRO
高出7.8%
8.7%
两年增速更快
BRO
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.6B |
| 净利润 | $265.0M | $143.5M |
| 毛利率 | — | 45.8% |
| 营业利润率 | — | 16.2% |
| 净利率 | 16.5% | 8.7% |
| 营收同比 | 35.8% | 3.9% |
| 净利润同比 | 26.8% | -24.2% |
| 每股收益（稀释后） | $0.55 | $0.60 |
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BROCHD
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
净利润BROCHD
| Q4 25 | $265.0M | $143.5M | ||
| Q3 25 | $227.0M | $182.2M | ||
| Q2 25 | $231.0M | $191.0M | ||
| Q1 25 | $331.0M | $220.1M | ||
| Q4 24 | $209.0M | $189.2M | ||
| Q3 24 | $234.0M | $-75.1M | ||
| Q2 24 | $257.0M | $243.5M | ||
| Q1 24 | $293.0M | $227.7M |
毛利率BROCHD
| Q4 25 | — | 45.8% | ||
| Q3 25 | — | 45.1% | ||
| Q2 25 | — | 43.0% | ||
| Q1 25 | — | 45.0% | ||
| Q4 24 | — | 44.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 47.1% | ||
| Q1 24 | — | 45.7% |
营业利润率BROCHD
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | 23.3% | 16.2% | ||
| Q3 24 | 26.7% | -6.1% | ||
| Q2 24 | 29.4% | 22.3% | ||
| Q1 24 | 28.9% | 20.3% |
净利率BROCHD
| Q4 25 | 16.5% | 8.7% | ||
| Q3 25 | 14.1% | 11.5% | ||
| Q2 25 | 18.0% | 12.7% | ||
| Q1 25 | 23.6% | 15.0% | ||
| Q4 24 | 17.7% | 12.0% | ||
| Q3 24 | 19.7% | -5.0% | ||
| Q2 24 | 21.8% | 16.1% | ||
| Q1 24 | 23.3% | 15.1% |
每股收益（稀释后）BROCHD
| Q4 25 | $0.55 | $0.60 | ||
| Q3 25 | $0.68 | $0.75 | ||
| Q2 25 | $0.78 | $0.78 | ||
| Q1 25 | $1.15 | $0.89 | ||
| Q4 24 | $0.73 | $0.76 | ||
| Q3 24 | $0.81 | $-0.31 | ||
| Q2 24 | $0.90 | $0.99 | ||
| Q1 24 | $1.02 | $0.93 |
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 | $1.1B | $409.0M |
| 总债务越低越好 | $7.6B | $2.2B |
| 股东权益账面价值 | $12.6B | $4.0B |
| 总资产 | $30.0B | $8.9B |
| 负债/权益比越低杠杆越低 | 0.61× | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资BROCHD
| Q4 25 | $1.1B | $409.0M | ||
| Q3 25 | $1.2B | $305.3M | ||
| Q2 25 | $8.9B | $923.2M | ||
| Q1 25 | $669.0M | $1.1B | ||
| Q4 24 | $685.0M | $964.1M | ||
| Q3 24 | $968.0M | $752.1M | ||
| Q2 24 | $1.1B | $491.7M | ||
| Q1 24 | $591.0M | $349.7M |
总债务BROCHD
| Q4 25 | $7.6B | $2.2B | ||
| Q3 25 | $7.7B | $2.2B | ||
| Q2 25 | $7.5B | $2.2B | ||
| Q1 25 | $3.8B | $2.2B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $4.1B | $2.2B | ||
| Q1 24 | $3.9B | $2.2B |
股东权益BROCHD
| Q4 25 | $12.6B | $4.0B | ||
| Q3 25 | $12.4B | $4.2B | ||
| Q2 25 | $11.6B | $4.4B | ||
| Q1 25 | $6.8B | $4.6B | ||
| Q4 24 | $6.4B | $4.4B | ||
| Q3 24 | $6.5B | $4.2B | ||
| Q2 24 | $6.0B | $4.3B | ||
| Q1 24 | $5.8B | $4.1B |
总资产BROCHD
| Q4 25 | $30.0B | $8.9B | ||
| Q3 25 | $29.4B | $9.1B | ||
| Q2 25 | $25.6B | $8.8B | ||
| Q1 25 | $16.8B | $9.0B | ||
| Q4 24 | $17.6B | $8.9B | ||
| Q3 24 | $17.5B | $8.7B | ||
| Q2 24 | $15.9B | $8.8B | ||
| Q1 24 | $14.8B | $8.6B |
负债/权益比BROCHD
| Q4 25 | 0.61× | 0.55× | ||
| Q3 25 | 0.62× | 0.52× | ||
| Q2 25 | 0.65× | 0.50× | ||
| Q1 25 | 0.56× | 0.48× | ||
| Q4 24 | 0.59× | 0.51× | ||
| Q3 24 | 0.55× | 0.53× | ||
| Q2 24 | 0.68× | 0.51× | ||
| Q1 24 | 0.67× | 0.54× |
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% | 3.4% |
| 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BROCHD
| Q4 25 | $444.0M | — | ||
| Q3 25 | $468.0M | — | ||
| Q2 25 | $325.0M | — | ||
| Q1 25 | $213.0M | — | ||
| Q4 24 | $361.0M | $292.3M | ||
| Q3 24 | $440.0M | $364.0M | ||
| Q2 24 | $360.0M | $236.9M | ||
| Q1 24 | $13.0M | $263.0M |
自由现金流BROCHD
| Q4 25 | $424.0M | — | ||
| Q3 25 | $452.0M | — | ||
| Q2 25 | $310.0M | — | ||
| Q1 25 | $196.0M | — | ||
| Q4 24 | $341.0M | $237.7M | ||
| Q3 24 | $417.0M | $315.4M | ||
| Q2 24 | $334.0M | $206.6M | ||
| Q1 24 | $0 | $216.7M |
自由现金流率BROCHD
| Q4 25 | 26.4% | — | ||
| Q3 25 | 28.1% | — | ||
| Q2 25 | 24.1% | — | ||
| Q1 25 | 14.0% | — | ||
| Q4 24 | 28.8% | 15.0% | ||
| Q3 24 | 35.2% | 20.9% | ||
| Q2 24 | 28.4% | 13.7% | ||
| Q1 24 | 0.0% | 14.4% |
资本支出强度BROCHD
| Q4 25 | 1.2% | 3.4% | ||
| Q3 25 | 1.0% | 1.8% | ||
| Q2 25 | 1.2% | 1.5% | ||
| Q1 25 | 1.2% | 1.1% | ||
| Q4 24 | 1.7% | 3.5% | ||
| Q3 24 | 1.9% | 3.2% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 1.0% | 3.1% |
现金转化率BROCHD
| Q4 25 | 1.68× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 1.73× | 1.54× | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.40× | 0.97× | ||
| Q1 24 | 0.04× | 1.16× |
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
BRO
| US | $1.4B | 87% |
| GB | $147.0M | 9% |
| Profit Sharing Contingent Commission Revenue | $33.0M | 2% |
| Other Supplemental Commissions Revenue | $25.0M | 2% |
CHD
| Household Products | $645.3M | 39% |
| Personal Care Products | $625.9M | 38% |
| Consumer International | $299.8M | 18% |
| Specialty Products Division | $73.2M | 4% |
