vs
Brown & Brown（BRO）与CHART INDUSTRIES INC（GTLS）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CHART INDUSTRIES INC的1.5倍（$1.6B vs $1.1B），Brown & Brown净利率更高（16.5% vs 5.0%，领先11.5%），Brown & Brown同比增速更快（35.8% vs -2.5%），Brown & Brown自由现金流更多（$424.0M vs $66.2M），过去两年Brown & Brown的营收复合增速更高（13.0% vs 6.6%）
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。
Oricon Inc.成立于1999年，是日本知名音乐产业集团的控股主体，主营日本本土及西洋音乐相关的行业资讯与数据统计服务。其前身为小池宗光于1967年11月创立的Original Confidence公司，凭借权威音乐排行榜广为人知，2002年4月正式承接原公司旗下的Oricon唱片排行榜业务。
BRO vs GTLS — 直观对比
营收规模更大
BRO
是对方的1.5倍
$1.1B
营收增速更快
BRO
高出38.3%
-2.5%
净利率更高
BRO
高出11.5%
5.0%
自由现金流更多
BRO
多$357.8M
$66.2M
两年增速更快
BRO
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.1B |
| 净利润 | $265.0M | $53.6M |
| 毛利率 | — | 33.3% |
| 营业利润率 | — | 11.6% |
| 净利率 | 16.5% | 5.0% |
| 营收同比 | 35.8% | -2.5% |
| 净利润同比 | 26.8% | -32.7% |
| 每股收益（稀释后） | $0.55 | $1.06 |
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BROGTLS
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.0B | ||
| Q1 24 | $1.3B | $950.7M |
净利润BROGTLS
| Q4 25 | $265.0M | $53.6M | ||
| Q3 25 | $227.0M | $-138.5M | ||
| Q2 25 | $231.0M | $76.1M | ||
| Q1 25 | $331.0M | $49.5M | ||
| Q4 24 | $209.0M | $79.6M | ||
| Q3 24 | $234.0M | $69.0M | ||
| Q2 24 | $257.0M | $58.6M | ||
| Q1 24 | $293.0M | $11.3M |
毛利率BROGTLS
| Q4 25 | — | 33.3% | ||
| Q3 25 | — | 34.1% | ||
| Q2 25 | — | 33.6% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 33.8% | ||
| Q1 24 | — | 31.8% |
营业利润率BROGTLS
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | 15.7% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | 23.3% | 17.0% | ||
| Q3 24 | 26.7% | 16.8% | ||
| Q2 24 | 29.4% | 16.1% | ||
| Q1 24 | 28.9% | 11.9% |
净利率BROGTLS
| Q4 25 | 16.5% | 5.0% | ||
| Q3 25 | 14.1% | -12.6% | ||
| Q2 25 | 18.0% | 7.0% | ||
| Q1 25 | 23.6% | 4.9% | ||
| Q4 24 | 17.7% | 7.2% | ||
| Q3 24 | 19.7% | 6.5% | ||
| Q2 24 | 21.8% | 5.6% | ||
| Q1 24 | 23.3% | 1.2% |
每股收益（稀释后）BROGTLS
| Q4 25 | $0.55 | $1.06 | ||
| Q3 25 | $0.68 | $-3.23 | ||
| Q2 25 | $0.78 | $1.53 | ||
| Q1 25 | $1.15 | $0.94 | ||
| Q4 24 | $0.73 | $1.57 | ||
| Q3 24 | $0.81 | $1.33 | ||
| Q2 24 | $0.90 | $1.10 | ||
| Q1 24 | $1.02 | $0.10 |
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 | $366.0M |
| 总债务越低越好 | $7.6B | $3.7B |
| 股东权益账面价值 | $12.6B | $3.2B |
| 总资产 | $30.0B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.61× | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资BROGTLS
| Q4 25 | $1.1B | $366.0M | ||
| Q3 25 | $1.2B | $399.2M | ||
| Q2 25 | $8.9B | $342.3M | ||
| Q1 25 | $669.0M | $296.2M | ||
| Q4 24 | $685.0M | $308.6M | ||
| Q3 24 | $968.0M | $310.2M | ||
| Q2 24 | $1.1B | $247.4M | ||
| Q1 24 | $591.0M | $191.9M |
总债务BROGTLS
| Q4 25 | $7.6B | $3.7B | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | $3.8B | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $3.9B | — |
股东权益BROGTLS
| Q4 25 | $12.6B | $3.2B | ||
| Q3 25 | $12.4B | $3.2B | ||
| Q2 25 | $11.6B | $3.4B | ||
| Q1 25 | $6.8B | $3.0B | ||
| Q4 24 | $6.4B | $2.8B | ||
| Q3 24 | $6.5B | $3.0B | ||
| Q2 24 | $6.0B | $2.7B | ||
| Q1 24 | $5.8B | $2.7B |
总资产BROGTLS
| Q4 25 | $30.0B | $9.8B | ||
| Q3 25 | $29.4B | $9.8B | ||
| Q2 25 | $25.6B | $9.7B | ||
| Q1 25 | $16.8B | $9.3B | ||
| Q4 24 | $17.6B | $9.1B | ||
| Q3 24 | $17.5B | $9.5B | ||
| Q2 24 | $15.9B | $9.3B | ||
| Q1 24 | $14.8B | $9.2B |
负债/权益比BROGTLS
| Q4 25 | 0.61× | 1.13× | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | 1.33× | ||
| 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 | $88.8M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $66.2M |
| 自由现金流率自由现金流/营收 | 26.4% | 6.1% |
| 资本支出强度资本支出/营收 | 1.2% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $202.8M |
8季度趋势，按日历期对齐
经营现金流BROGTLS
| Q4 25 | $444.0M | $88.8M | ||
| Q3 25 | $468.0M | $118.0M | ||
| Q2 25 | $325.0M | $145.9M | ||
| Q1 25 | $213.0M | $-60.0M | ||
| Q4 24 | $361.0M | $281.4M | ||
| Q3 24 | $440.0M | $200.6M | ||
| Q2 24 | $360.0M | $116.1M | ||
| Q1 24 | $13.0M | $-95.1M |
自由现金流BROGTLS
| Q4 25 | $424.0M | $66.2M | ||
| Q3 25 | $452.0M | $94.7M | ||
| Q2 25 | $310.0M | $122.0M | ||
| Q1 25 | $196.0M | $-80.1M | ||
| Q4 24 | $341.0M | $260.9M | ||
| Q3 24 | $417.0M | $174.5M | ||
| Q2 24 | $334.0M | $88.0M | ||
| Q1 24 | $0 | $-141.2M |
自由现金流率BROGTLS
| Q4 25 | 26.4% | 6.1% | ||
| Q3 25 | 28.1% | 8.6% | ||
| Q2 25 | 24.1% | 11.3% | ||
| Q1 25 | 14.0% | -8.0% | ||
| Q4 24 | 28.8% | 23.6% | ||
| Q3 24 | 35.2% | 16.4% | ||
| Q2 24 | 28.4% | 8.5% | ||
| Q1 24 | 0.0% | -14.9% |
资本支出强度BROGTLS
| Q4 25 | 1.2% | 2.1% | ||
| Q3 25 | 1.0% | 2.1% | ||
| Q2 25 | 1.2% | 2.2% | ||
| Q1 25 | 1.2% | 2.0% | ||
| Q4 24 | 1.7% | 1.9% | ||
| Q3 24 | 1.9% | 2.5% | ||
| Q2 24 | 2.2% | 2.7% | ||
| Q1 24 | 1.0% | 4.8% |
现金转化率BROGTLS
| Q4 25 | 1.68× | 1.66× | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 1.41× | 1.92× | ||
| Q1 25 | 0.64× | -1.21× | ||
| Q4 24 | 1.73× | 3.54× | ||
| Q3 24 | 1.88× | 2.91× | ||
| Q2 24 | 1.40× | 1.98× | ||
| Q1 24 | 0.04× | -8.42× |
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% |
GTLS
| Repair Service And Leasing Segment | $330.4M | 31% |
| Heat Transfer Systems Segment | $325.8M | 30% |
| Specialty Products Segment | $259.5M | 24% |
| Transferred Over Time | $94.4M | 9% |
| Transferred At Point In Time | $69.5M | 6% |
