vs
Brown & Brown（BRO）与CenterPoint Energy（CNP）财务数据对比。点击上方公司名可切换其他公司
CenterPoint Energy的季度营收约是Brown & Brown的1.5倍（$2.4B vs $1.6B），Brown & Brown净利率更高（16.5% vs 10.8%，领先5.7%），Brown & Brown同比增速更快（35.8% vs 10.7%），Brown & Brown自由现金流更多（$424.0M vs $-707.0M），过去两年Brown & Brown的营收复合增速更高（13.0% vs -3.1%）
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。
CenterPoint Energy是总部位于美国得克萨斯州休斯敦的公用事业企业，位列《财富》美国500强，为印第安纳、俄亥俄、路易斯安那、明尼苏达、密西西比、得克萨斯六州多个区域的用户提供电力及天然气公用事业服务，曾使用Reliant Energy、Houston Industries等名称开展业务。
BRO vs CNP — 直观对比
营收规模更大
CNP
是对方的1.5倍
$1.6B
营收增速更快
BRO
高出25.2%
10.7%
净利率更高
BRO
高出5.7%
10.8%
自由现金流更多
BRO
多$1.1B
$-707.0M
两年增速更快
BRO
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.4B |
| 净利润 | $265.0M | $264.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 22.2% |
| 净利率 | 16.5% | 10.8% |
| 营收同比 | 35.8% | 10.7% |
| 净利润同比 | 26.8% | 6.5% |
| 每股收益（稀释后） | $0.55 | $0.40 |
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BROCNP
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.3B | $2.6B |
净利润BROCNP
| Q4 25 | $265.0M | $264.0M | ||
| Q3 25 | $227.0M | $293.0M | ||
| Q2 25 | $231.0M | $198.0M | ||
| Q1 25 | $331.0M | $297.0M | ||
| Q4 24 | $209.0M | $248.0M | ||
| Q3 24 | $234.0M | $193.0M | ||
| Q2 24 | $257.0M | $228.0M | ||
| Q1 24 | $293.0M | $350.0M |
毛利率BROCNP
| Q4 25 | — | — | ||
| Q3 25 | — | 99.9% | ||
| Q2 25 | — | 99.9% | ||
| Q1 25 | — | 100.0% | ||
| Q4 24 | — | 100.0% | ||
| Q3 24 | — | 99.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 100.0% |
营业利润率BROCNP
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 21.4% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | 23.3% | 21.9% | ||
| Q3 24 | 26.7% | 22.9% | ||
| Q2 24 | 29.4% | 24.5% | ||
| Q1 24 | 28.9% | 23.7% |
净利率BROCNP
| Q4 25 | 16.5% | 10.8% | ||
| Q3 25 | 14.1% | 14.7% | ||
| Q2 25 | 18.0% | 10.1% | ||
| Q1 25 | 23.6% | 10.0% | ||
| Q4 24 | 17.7% | 11.3% | ||
| Q3 24 | 19.7% | 10.4% | ||
| Q2 24 | 21.8% | 12.0% | ||
| Q1 24 | 23.3% | 13.5% |
每股收益（稀释后）BROCNP
| Q4 25 | $0.55 | $0.40 | ||
| Q3 25 | $0.68 | $0.45 | ||
| Q2 25 | $0.78 | $0.30 | ||
| Q1 25 | $1.15 | $0.45 | ||
| Q4 24 | $0.73 | $0.37 | ||
| Q3 24 | $0.81 | $0.30 | ||
| Q2 24 | $0.90 | $0.36 | ||
| Q1 24 | $1.02 | $0.55 |
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 | $548.0M |
| 总债务越低越好 | $7.6B | $20.6B |
| 股东权益账面价值 | $12.6B | $11.2B |
| 总资产 | $30.0B | $46.5B |
| 负债/权益比越低杠杆越低 | 0.61× | 1.84× |
8季度趋势，按日历期对齐
现金及短期投资BROCNP
| Q4 25 | $1.1B | $548.0M | ||
| Q3 25 | $1.2B | $616.0M | ||
| Q2 25 | $8.9B | $776.0M | ||
| Q1 25 | $669.0M | $1.9B | ||
| Q4 24 | $685.0M | $585.0M | ||
| Q3 24 | $968.0M | $643.0M | ||
| Q2 24 | $1.1B | $543.0M | ||
| Q1 24 | $591.0M | $619.0M |
总债务BROCNP
| Q4 25 | $7.6B | $20.6B | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | $20.4B | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $3.9B | — |
股东权益BROCNP
| Q4 25 | $12.6B | $11.2B | ||
| Q3 25 | $12.4B | $11.0B | ||
| Q2 25 | $11.6B | $11.0B | ||
| Q1 25 | $6.8B | $11.0B | ||
| Q4 24 | $6.4B | $10.7B | ||
| Q3 24 | $6.5B | $10.5B | ||
| Q2 24 | $6.0B | $10.4B | ||
| Q1 24 | $5.8B | $10.0B |
总资产BROCNP
| Q4 25 | $30.0B | $46.5B | ||
| Q3 25 | $29.4B | $45.0B | ||
| Q2 25 | $25.6B | $44.1B | ||
| Q1 25 | $16.8B | $44.5B | ||
| Q4 24 | $17.6B | $43.8B | ||
| Q3 24 | $17.5B | $42.9B | ||
| Q2 24 | $15.9B | $41.0B | ||
| Q1 24 | $14.8B | $40.2B |
负债/权益比BROCNP
| Q4 25 | 0.61× | 1.84× | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | 1.91× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 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 | $774.0M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $-707.0M |
| 自由现金流率自由现金流/营收 | 26.4% | -29.0% |
| 资本支出强度资本支出/营收 | 1.2% | 60.7% |
| 现金转化率经营现金流/净利润 | 1.68× | 2.93× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-2.4B |
8季度趋势，按日历期对齐
经营现金流BROCNP
| Q4 25 | $444.0M | $774.0M | ||
| Q3 25 | $468.0M | $742.0M | ||
| Q2 25 | $325.0M | $560.0M | ||
| Q1 25 | $213.0M | $410.0M | ||
| Q4 24 | $361.0M | $889.0M | ||
| Q3 24 | $440.0M | $136.0M | ||
| Q2 24 | $360.0M | $576.0M | ||
| Q1 24 | $13.0M | $538.0M |
自由现金流BROCNP
| Q4 25 | $424.0M | $-707.0M | ||
| Q3 25 | $452.0M | $-480.0M | ||
| Q2 25 | $310.0M | $-569.0M | ||
| Q1 25 | $196.0M | $-628.0M | ||
| Q4 24 | $341.0M | $-1.1B | ||
| Q3 24 | $417.0M | $-708.0M | ||
| Q2 24 | $334.0M | $-236.0M | ||
| Q1 24 | $0 | $-307.0M |
自由现金流率BROCNP
| Q4 25 | 26.4% | -29.0% | ||
| Q3 25 | 28.1% | -24.1% | ||
| Q2 25 | 24.1% | -29.1% | ||
| Q1 25 | 14.0% | -21.2% | ||
| Q4 24 | 28.8% | -51.0% | ||
| Q3 24 | 35.2% | -38.3% | ||
| Q2 24 | 28.4% | -12.4% | ||
| Q1 24 | 0.0% | -11.8% |
资本支出强度BROCNP
| Q4 25 | 1.2% | 60.7% | ||
| Q3 25 | 1.0% | 61.4% | ||
| Q2 25 | 1.2% | 57.8% | ||
| Q1 25 | 1.2% | 35.1% | ||
| Q4 24 | 1.7% | 91.3% | ||
| Q3 24 | 1.9% | 45.6% | ||
| Q2 24 | 2.2% | 42.6% | ||
| Q1 24 | 1.0% | 32.6% |
现金转化率BROCNP
| Q4 25 | 1.68× | 2.93× | ||
| Q3 25 | 2.06× | 2.53× | ||
| Q2 25 | 1.41× | 2.83× | ||
| Q1 25 | 0.64× | 1.38× | ||
| Q4 24 | 1.73× | 3.58× | ||
| Q3 24 | 1.88× | 0.70× | ||
| Q2 24 | 1.40× | 2.53× | ||
| Q1 24 | 0.04× | 1.54× |
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% |
CNP
| Electric Segment | $945.0M | 39% |
| Electric | $890.0M | 37% |
| Other | $603.0M | 25% |
