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Brown & Brown（BRO）与GoDaddy（GDDY）财务数据对比。点击上方公司名可切换其他公司
Brown & Brown的季度营收约是GoDaddy的1.3倍（$1.6B vs $1.3B），GoDaddy净利率更高（19.2% vs 16.5%，领先2.7%），Brown & Brown同比增速更快（35.8% vs 6.8%），Brown & Brown自由现金流更多（$424.0M vs $363.7M），过去两年Brown & Brown的营收复合增速更高（13.0% vs 7.2%）
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。
GoDaddy是美国上市的互联网域名注册管理、域名服务及网络托管服务商，总部位于亚利桑那州坦佩。2023年按市场份额计为全球第五大网络主机服务商，管理超6200万个注册域名，旗下2000万用户中绝大多数为中小微企业，是全球领先的互联网基础服务供应商。
BRO vs GDDY — 直观对比
营收规模更大
BRO
是对方的1.3倍
$1.3B
营收增速更快
BRO
高出29.0%
6.8%
净利率更高
GDDY
高出2.7%
16.5%
自由现金流更多
BRO
多$60.3M
$363.7M
两年增速更快
BRO
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $265.0M | $245.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 24.9% |
| 净利率 | 16.5% | 19.2% |
| 营收同比 | 35.8% | 6.8% |
| 净利润同比 | 26.8% | 23.4% |
| 每股收益（稀释后） | $0.55 | — |
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BROGDDY
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
净利润BROGDDY
| Q4 25 | $265.0M | $245.1M | ||
| Q3 25 | $227.0M | $210.5M | ||
| Q2 25 | $231.0M | $199.9M | ||
| Q1 25 | $331.0M | $219.5M | ||
| Q4 24 | $209.0M | $198.6M | ||
| Q3 24 | $234.0M | $190.5M | ||
| Q2 24 | $257.0M | $146.3M | ||
| Q1 24 | $293.0M | $401.5M |
营业利润率BROGDDY
| Q4 25 | — | 24.9% | ||
| Q3 25 | — | 23.4% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 20.7% | ||
| Q4 24 | 23.3% | 21.4% | ||
| Q3 24 | 26.7% | 22.1% | ||
| Q2 24 | 29.4% | 18.5% | ||
| Q1 24 | 28.9% | 15.9% |
净利率BROGDDY
| Q4 25 | 16.5% | 19.2% | ||
| Q3 25 | 14.1% | 16.6% | ||
| Q2 25 | 18.0% | 16.4% | ||
| Q1 25 | 23.6% | 18.4% | ||
| Q4 24 | 17.7% | 16.7% | ||
| Q3 24 | 19.7% | 16.6% | ||
| Q2 24 | 21.8% | 13.0% | ||
| Q1 24 | 23.3% | 36.2% |
每股收益（稀释后）BROGDDY
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.68 | $1.51 | ||
| Q2 25 | $0.78 | $1.41 | ||
| Q1 25 | $1.15 | — | ||
| Q4 24 | $0.73 | — | ||
| Q3 24 | $0.81 | $1.32 | ||
| Q2 24 | $0.90 | $1.01 | ||
| Q1 24 | $1.02 | — |
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 | — |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $12.6B | $215.1M |
| 总资产 | $30.0B | $8.0B |
| 负债/权益比越低杠杆越低 | 0.61× | — |
8季度趋势，按日历期对齐
现金及短期投资BROGDDY
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $669.0M | — | ||
| Q4 24 | $685.0M | — | ||
| Q3 24 | $968.0M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $591.0M | — |
总债务BROGDDY
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $3.9B | — |
股东权益BROGDDY
| Q4 25 | $12.6B | $215.1M | ||
| Q3 25 | $12.4B | $91.8M | ||
| Q2 25 | $11.6B | $404.4M | ||
| Q1 25 | $6.8B | $199.7M | ||
| Q4 24 | $6.4B | $692.1M | ||
| Q3 24 | $6.5B | $356.7M | ||
| Q2 24 | $6.0B | $157.0M | ||
| Q1 24 | $5.8B | $414.8M |
总资产BROGDDY
| Q4 25 | $30.0B | $8.0B | ||
| Q3 25 | $29.4B | $8.0B | ||
| Q2 25 | $25.6B | $8.3B | ||
| Q1 25 | $16.8B | $7.8B | ||
| Q4 24 | $17.6B | $8.2B | ||
| Q3 24 | $17.5B | $8.0B | ||
| Q2 24 | $15.9B | $7.7B | ||
| Q1 24 | $14.8B | $8.0B |
负债/权益比BROGDDY
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | — | ||
| 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 | $370.6M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $363.7M |
| 自由现金流率自由现金流/营收 | 26.4% | 28.6% |
| 资本支出强度资本支出/营收 | 1.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.6B |
8季度趋势，按日历期对齐
经营现金流BROGDDY
| Q4 25 | $444.0M | $370.6M | ||
| Q3 25 | $468.0M | $444.2M | ||
| Q2 25 | $325.0M | $379.9M | ||
| Q1 25 | $213.0M | $404.7M | ||
| Q4 24 | $361.0M | $340.5M | ||
| Q3 24 | $440.0M | $355.2M | ||
| Q2 24 | $360.0M | $294.8M | ||
| Q1 24 | $13.0M | $297.2M |
自由现金流BROGDDY
| Q4 25 | $424.0M | $363.7M | ||
| Q3 25 | $452.0M | $434.9M | ||
| Q2 25 | $310.0M | $375.8M | ||
| Q1 25 | $196.0M | $401.1M | ||
| Q4 24 | $341.0M | $326.1M | ||
| Q3 24 | $417.0M | $350.2M | ||
| Q2 24 | $334.0M | $292.0M | ||
| Q1 24 | $0 | $292.8M |
自由现金流率BROGDDY
| Q4 25 | 26.4% | 28.6% | ||
| Q3 25 | 28.1% | 34.4% | ||
| Q2 25 | 24.1% | 30.9% | ||
| Q1 25 | 14.0% | 33.6% | ||
| Q4 24 | 28.8% | 27.3% | ||
| Q3 24 | 35.2% | 30.5% | ||
| Q2 24 | 28.4% | 26.0% | ||
| Q1 24 | 0.0% | 26.4% |
资本支出强度BROGDDY
| Q4 25 | 1.2% | 0.5% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 1.2% | 0.3% | ||
| Q1 25 | 1.2% | 0.3% | ||
| Q4 24 | 1.7% | 1.2% | ||
| Q3 24 | 1.9% | 0.4% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | 1.0% | 0.4% |
现金转化率BROGDDY
| Q4 25 | 1.68× | 1.51× | ||
| Q3 25 | 2.06× | 2.11× | ||
| Q2 25 | 1.41× | 1.90× | ||
| Q1 25 | 0.64× | 1.84× | ||
| Q4 24 | 1.73× | 1.71× | ||
| Q3 24 | 1.88× | 1.86× | ||
| Q2 24 | 1.40× | 2.02× | ||
| Q1 24 | 0.04× | 0.74× |
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% |
GDDY
| Domains | $586.5M | 46% |
| Applications And Commerce | $497.7M | 39% |
| Other | $189.7M | 15% |
