vs
Brown & Brown（BRO）与GENWORTH FINANCIAL INC（GNW）财务数据对比。点击上方公司名可切换其他公司
GENWORTH FINANCIAL INC的季度营收约是Brown & Brown的1.1倍（$1.8B vs $1.6B），Brown & Brown净利率更高（16.5% vs 0.1%，领先16.4%），Brown & Brown同比增速更快（35.8% vs 0.1%），过去两年Brown & Brown的营收复合增速更高（13.0% vs -2.2%）
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。
Genworth Financial是总部位于美国弗吉尼亚州里士满的金融服务企业，核心业务涵盖人寿保险、长期护理保险、按揭保险以及年金产品，为客户提供多元风险管理与财富保障解决方案。
BRO vs GNW — 直观对比
营收规模更大
GNW
是对方的1.1倍
$1.6B
营收增速更快
BRO
高出35.7%
0.1%
净利率更高
BRO
高出16.4%
0.1%
两年增速更快
BRO
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.8B |
| 净利润 | $265.0M | $2.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 1.0% |
| 净利率 | 16.5% | 0.1% |
| 营收同比 | 35.8% | 0.1% |
| 净利润同比 | 26.8% | 300.0% |
| 每股收益（稀释后） | $0.55 | $0.01 |
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BROGNW
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.3B | $1.9B |
净利润BROGNW
| Q4 25 | $265.0M | $2.0M | ||
| Q3 25 | $227.0M | $116.0M | ||
| Q2 25 | $231.0M | $51.0M | ||
| Q1 25 | $331.0M | $54.0M | ||
| Q4 24 | $209.0M | $-1.0M | ||
| Q3 24 | $234.0M | $85.0M | ||
| Q2 24 | $257.0M | $76.0M | ||
| Q1 24 | $293.0M | $139.0M |
营业利润率BROGNW
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | 23.3% | 3.1% | ||
| Q3 24 | 26.7% | 2.6% | ||
| Q2 24 | 29.4% | 7.1% | ||
| Q1 24 | 28.9% | 4.6% |
净利率BROGNW
| Q4 25 | 16.5% | 0.1% | ||
| Q3 25 | 14.1% | 6.0% | ||
| Q2 25 | 18.0% | 2.8% | ||
| Q1 25 | 23.6% | 3.0% | ||
| Q4 24 | 17.7% | -0.1% | ||
| Q3 24 | 19.7% | 4.5% | ||
| Q2 24 | 21.8% | 4.3% | ||
| Q1 24 | 23.3% | 7.5% |
每股收益（稀释后）BROGNW
| Q4 25 | $0.55 | $0.01 | ||
| Q3 25 | $0.68 | $0.28 | ||
| Q2 25 | $0.78 | $0.12 | ||
| Q1 25 | $1.15 | $0.13 | ||
| Q4 24 | $0.73 | $0.01 | ||
| Q3 24 | $0.81 | $0.19 | ||
| Q2 24 | $0.90 | $0.17 | ||
| Q1 24 | $1.02 | $0.31 |
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 | $1.5B |
| 股东权益账面价值 | $12.6B | $8.8B |
| 总资产 | $30.0B | $88.1B |
| 负债/权益比越低杠杆越低 | 0.61× | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资BROGNW
| 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BROGNW
| Q4 25 | $7.6B | $1.5B | ||
| Q3 25 | $7.7B | $1.5B | ||
| Q2 25 | $7.5B | $1.5B | ||
| Q1 25 | $3.8B | $1.5B | ||
| Q4 24 | $3.8B | $1.5B | ||
| Q3 24 | $3.6B | $1.5B | ||
| Q2 24 | $4.1B | $1.6B | ||
| Q1 24 | $3.9B | $1.6B |
股东权益BROGNW
| Q4 25 | $12.6B | $8.8B | ||
| Q3 25 | $12.4B | $8.8B | ||
| Q2 25 | $11.6B | $8.8B | ||
| Q1 25 | $6.8B | $8.7B | ||
| Q4 24 | $6.4B | $8.5B | ||
| Q3 24 | $6.5B | $8.3B | ||
| Q2 24 | $6.0B | $8.5B | ||
| Q1 24 | $5.8B | $8.0B |
总资产BROGNW
| Q4 25 | $30.0B | $88.1B | ||
| Q3 25 | $29.4B | $88.5B | ||
| Q2 25 | $25.6B | $87.3B | ||
| Q1 25 | $16.8B | $87.3B | ||
| Q4 24 | $17.6B | $86.9B | ||
| Q3 24 | $17.5B | $90.8B | ||
| Q2 24 | $15.9B | $87.5B | ||
| Q1 24 | $14.8B | $89.2B |
负债/权益比BROGNW
| Q4 25 | 0.61× | 0.17× | ||
| Q3 25 | 0.62× | 0.17× | ||
| Q2 25 | 0.65× | 0.17× | ||
| Q1 25 | 0.56× | 0.17× | ||
| Q4 24 | 0.59× | 0.18× | ||
| Q3 24 | 0.55× | 0.19× | ||
| Q2 24 | 0.68× | 0.18× | ||
| Q1 24 | 0.67× | 0.20× |
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 | $200.0M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 1.68× | 100.00× |
| 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BROGNW
| Q4 25 | $444.0M | $200.0M | ||
| Q3 25 | $468.0M | $87.0M | ||
| Q2 25 | $325.0M | $6.0M | ||
| Q1 25 | $213.0M | $34.0M | ||
| Q4 24 | $361.0M | $27.0M | ||
| Q3 24 | $440.0M | $161.0M | ||
| Q2 24 | $360.0M | $7.0M | ||
| Q1 24 | $13.0M | $-107.0M |
自由现金流BROGNW
| Q4 25 | $424.0M | — | ||
| Q3 25 | $452.0M | — | ||
| Q2 25 | $310.0M | — | ||
| Q1 25 | $196.0M | — | ||
| Q4 24 | $341.0M | — | ||
| Q3 24 | $417.0M | — | ||
| Q2 24 | $334.0M | — | ||
| Q1 24 | $0 | — |
自由现金流率BROGNW
| Q4 25 | 26.4% | — | ||
| Q3 25 | 28.1% | — | ||
| Q2 25 | 24.1% | — | ||
| Q1 25 | 14.0% | — | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 0.0% | — |
资本支出强度BROGNW
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.0% | — |
现金转化率BROGNW
| Q4 25 | 1.68× | 100.00× | ||
| Q3 25 | 2.06× | 0.75× | ||
| Q2 25 | 1.41× | 0.12× | ||
| Q1 25 | 0.64× | 0.63× | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.88× | 1.89× | ||
| Q2 24 | 1.40× | 0.09× | ||
| Q1 24 | 0.04× | -0.77× |
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% |
GNW
| Enact Segment | $1.3B | 70% |
| Other | $386.0M | 22% |
| Annuities | $106.0M | 6% |
| Utilities | $20.0M | 1% |
| Consumer Cyclical | $17.0M | 1% |
| Energy | $4.0M | 0% |
