vs
Brown & Brown（BRO）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是Brown & Brown的1.3倍（$2.1B vs $1.6B），Brown & Brown净利率更高（16.5% vs 15.8%，领先0.7%），Brown & Brown同比增速更快（35.8% vs 11.3%），Roper Technologies自由现金流更多（$507.0M vs $424.0M），过去两年Brown & Brown的营收复合增速更高（13.0% vs 10.5%）
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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
BRO vs ROP — 直观对比
营收规模更大
ROP
是对方的1.3倍
$1.6B
营收增速更快
BRO
高出24.6%
11.3%
净利率更高
BRO
高出0.7%
15.8%
自由现金流更多
ROP
多$83.0M
$424.0M
两年增速更快
BRO
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.1B |
| 净利润 | $265.0M | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | — | 27.2% |
| 净利率 | 16.5% | 15.8% |
| 营收同比 | 35.8% | 11.3% |
| 净利润同比 | 26.8% | 53.7% |
| 每股收益（稀释后） | $0.55 | $4.87 |
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BROROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.7B |
净利润BROROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $265.0M | $428.4M | ||
| Q3 25 | $227.0M | $398.5M | ||
| Q2 25 | $231.0M | $378.3M | ||
| Q1 25 | $331.0M | $331.1M | ||
| Q4 24 | $209.0M | $462.3M | ||
| Q3 24 | $234.0M | $367.9M | ||
| Q2 24 | $257.0M | $337.1M |
毛利率BROROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率BROROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 27.9% | ||
| Q4 24 | 23.3% | 28.0% | ||
| Q3 24 | 26.7% | 28.1% | ||
| Q2 24 | 29.4% | 28.8% |
净利率BROROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 16.5% | 20.8% | ||
| Q3 25 | 14.1% | 19.8% | ||
| Q2 25 | 18.0% | 19.5% | ||
| Q1 25 | 23.6% | 17.6% | ||
| Q4 24 | 17.7% | 24.6% | ||
| Q3 24 | 19.7% | 20.8% | ||
| Q2 24 | 21.8% | 19.6% |
每股收益（稀释后）BROROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $0.55 | $3.97 | ||
| Q3 25 | $0.68 | $3.68 | ||
| Q2 25 | $0.78 | $3.49 | ||
| Q1 25 | $1.15 | $3.06 | ||
| Q4 24 | $0.73 | $4.29 | ||
| Q3 24 | $0.81 | $3.40 | ||
| Q2 24 | $0.90 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $7.6B | $9.7B |
| 股东权益账面价值 | $12.6B | $18.8B |
| 总资产 | $30.0B | $34.6B |
| 负债/权益比越低杠杆越低 | 0.61× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资BROROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $1.1B | $297.4M | ||
| Q3 25 | $1.2B | $320.0M | ||
| Q2 25 | $8.9B | $242.4M | ||
| Q1 25 | $669.0M | $372.8M | ||
| Q4 24 | $685.0M | $188.2M | ||
| Q3 24 | $968.0M | $269.6M | ||
| Q2 24 | $1.1B | $251.5M |
总债务BROROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $7.6B | $9.3B | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | $7.6B | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $4.1B | — |
股东权益BROROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $12.6B | $19.9B | ||
| Q3 25 | $12.4B | $20.0B | ||
| Q2 25 | $11.6B | $19.6B | ||
| Q1 25 | $6.8B | $19.2B | ||
| Q4 24 | $6.4B | $18.9B | ||
| Q3 24 | $6.5B | $18.5B | ||
| Q2 24 | $6.0B | $18.1B |
总资产BROROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $30.0B | $34.6B | ||
| Q3 25 | $29.4B | $34.6B | ||
| Q2 25 | $25.6B | $33.2B | ||
| Q1 25 | $16.8B | $31.4B | ||
| Q4 24 | $17.6B | $31.3B | ||
| Q3 24 | $17.5B | $31.6B | ||
| Q2 24 | $15.9B | $29.8B |
负债/权益比BROROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 0.61× | 0.47× | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | 0.40× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.68× | — |
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 | $507.0M |
| 自由现金流率自由现金流/营收 | 26.4% | 24.2% |
| 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× | — |
| 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BROROP
| Q1 26 | — | — | ||
| Q4 25 | $444.0M | $738.0M | ||
| Q3 25 | $468.0M | $869.5M | ||
| Q2 25 | $325.0M | $404.1M | ||
| Q1 25 | $213.0M | $528.7M | ||
| Q4 24 | $361.0M | $722.2M | ||
| Q3 24 | $440.0M | $755.4M | ||
| Q2 24 | $360.0M | $384.1M |
自由现金流BROROP
| Q1 26 | — | $507.0M | ||
| 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 | — |
自由现金流率BROROP
| Q1 26 | — | 24.2% | ||
| 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% | — |
资本支出强度BROROP
| Q1 26 | — | 0.5% | ||
| 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% | — |
现金转化率BROROP
| Q1 26 | — | — | ||
| Q4 25 | 1.68× | 1.72× | ||
| Q3 25 | 2.06× | 2.18× | ||
| Q2 25 | 1.41× | 1.07× | ||
| Q1 25 | 0.64× | 1.60× | ||
| Q4 24 | 1.73× | 1.56× | ||
| Q3 24 | 1.88× | 2.05× | ||
| Q2 24 | 1.40× | 1.14× |
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% |
ROP
暂无分部数据
