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Brown & Brown（BRO）与铁姆肯公司（TKR）财务数据对比。点击上方公司名可切换其他公司
Brown & Brown的季度营收约是铁姆肯公司的1.4倍（$1.6B vs $1.1B），Brown & Brown净利率更高（16.5% vs 5.6%，领先10.9%），Brown & Brown同比增速更快（35.8% vs 3.5%），Brown & Brown自由现金流更多（$424.0M vs $140.7M），过去两年Brown & Brown的营收复合增速更高（13.0% vs -3.4%）
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。
铁姆肯公司是全球领先的工程轴承与工业运动产品制造商，总部位于美国俄亥俄州北坎顿市，业务覆盖全球45个国家，可为多个工业领域客户提供高品质的相关产品及适配解决方案。
BRO vs TKR — 直观对比
营收规模更大
BRO
是对方的1.4倍
$1.1B
营收增速更快
BRO
高出32.4%
3.5%
净利率更高
BRO
高出10.9%
5.6%
自由现金流更多
BRO
多$283.3M
$140.7M
两年增速更快
BRO
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.1B |
| 净利润 | $265.0M | $62.3M |
| 毛利率 | — | 29.3% |
| 营业利润率 | — | 9.8% |
| 净利率 | 16.5% | 5.6% |
| 营收同比 | 35.8% | 3.5% |
| 净利润同比 | 26.8% | -12.5% |
| 每股收益（稀释后） | $0.55 | $0.89 |
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BROTKR
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
净利润BROTKR
| Q4 25 | $265.0M | $62.3M | ||
| Q3 25 | $227.0M | $69.3M | ||
| Q2 25 | $231.0M | $78.5M | ||
| Q1 25 | $331.0M | $78.3M | ||
| Q4 24 | $209.0M | $71.2M | ||
| Q3 24 | $234.0M | $81.8M | ||
| Q2 24 | $257.0M | $96.2M | ||
| Q1 24 | $293.0M | $103.5M |
毛利率BROTKR
| Q4 25 | — | 29.3% | ||
| Q3 25 | — | 30.2% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 30.6% | ||
| Q2 24 | — | 31.6% | ||
| Q1 24 | — | 33.4% |
营业利润率BROTKR
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | 23.3% | 10.5% | ||
| Q3 24 | 26.7% | 13.0% | ||
| Q2 24 | 29.4% | 14.1% | ||
| Q1 24 | 28.9% | 15.5% |
净利率BROTKR
| Q4 25 | 16.5% | 5.6% | ||
| Q3 25 | 14.1% | 6.0% | ||
| Q2 25 | 18.0% | 6.7% | ||
| Q1 25 | 23.6% | 6.9% | ||
| Q4 24 | 17.7% | 6.6% | ||
| Q3 24 | 19.7% | 7.3% | ||
| Q2 24 | 21.8% | 8.1% | ||
| Q1 24 | 23.3% | 8.7% |
每股收益（稀释后）BROTKR
| Q4 25 | $0.55 | $0.89 | ||
| Q3 25 | $0.68 | $0.99 | ||
| Q2 25 | $0.78 | $1.12 | ||
| Q1 25 | $1.15 | $1.11 | ||
| Q4 24 | $0.73 | $1.01 | ||
| Q3 24 | $0.81 | $1.16 | ||
| Q2 24 | $0.90 | $1.36 | ||
| Q1 24 | $1.02 | $1.46 |
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 | $364.4M |
| 总债务越低越好 | $7.6B | $1.9B |
| 股东权益账面价值 | $12.6B | $3.2B |
| 总资产 | $30.0B | $6.7B |
| 负债/权益比越低杠杆越低 | 0.61× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资BROTKR
| Q4 25 | $1.1B | $364.4M | ||
| Q3 25 | $1.2B | $449.1M | ||
| Q2 25 | $8.9B | $419.3M | ||
| Q1 25 | $669.0M | $376.1M | ||
| Q4 24 | $685.0M | $373.2M | ||
| Q3 24 | $968.0M | $412.7M | ||
| Q2 24 | $1.1B | $469.9M | ||
| Q1 24 | $591.0M | $421.9M |
总债务BROTKR
| Q4 25 | $7.6B | $1.9B | ||
| Q3 25 | $7.7B | $2.1B | ||
| Q2 25 | $7.5B | $2.2B | ||
| Q1 25 | $3.8B | $2.1B | ||
| Q4 24 | $3.8B | $2.1B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $4.1B | $2.1B | ||
| Q1 24 | $3.9B | $2.2B |
股东权益BROTKR
| Q4 25 | $12.6B | $3.2B | ||
| Q3 25 | $12.4B | $3.1B | ||
| Q2 25 | $11.6B | $3.1B | ||
| Q1 25 | $6.8B | $2.9B | ||
| Q4 24 | $6.4B | $2.8B | ||
| Q3 24 | $6.5B | $2.9B | ||
| Q2 24 | $6.0B | $2.8B | ||
| Q1 24 | $5.8B | $2.6B |
总资产BROTKR
| Q4 25 | $30.0B | $6.7B | ||
| Q3 25 | $29.4B | $6.8B | ||
| Q2 25 | $25.6B | $6.8B | ||
| Q1 25 | $16.8B | $6.6B | ||
| Q4 24 | $17.6B | $6.4B | ||
| Q3 24 | $17.5B | $6.8B | ||
| Q2 24 | $15.9B | $6.6B | ||
| Q1 24 | $14.8B | $6.5B |
负债/权益比BROTKR
| Q4 25 | 0.61× | 0.60× | ||
| Q3 25 | 0.62× | 0.67× | ||
| Q2 25 | 0.65× | 0.70× | ||
| Q1 25 | 0.56× | 0.73× | ||
| Q4 24 | 0.59× | 0.73× | ||
| Q3 24 | 0.55× | 0.75× | ||
| Q2 24 | 0.68× | 0.77× | ||
| Q1 24 | 0.67× | 0.83× |
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 | $183.3M |
| 自由现金流经营现金流 - 资本支出 | $424.0M | $140.7M |
| 自由现金流率自由现金流/营收 | 26.4% | 12.7% |
| 资本支出强度资本支出/营收 | 1.2% | 3.8% |
| 现金转化率经营现金流/净利润 | 1.68× | 2.94× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $406.1M |
8季度趋势，按日历期对齐
经营现金流BROTKR
| Q4 25 | $444.0M | $183.3M | ||
| Q3 25 | $468.0M | $201.1M | ||
| Q2 25 | $325.0M | $111.3M | ||
| Q1 25 | $213.0M | $58.6M | ||
| Q4 24 | $361.0M | $178.6M | ||
| Q3 24 | $440.0M | $123.2M | ||
| Q2 24 | $360.0M | $124.6M | ||
| Q1 24 | $13.0M | $49.3M |
自由现金流BROTKR
| Q4 25 | $424.0M | $140.7M | ||
| Q3 25 | $452.0M | $163.8M | ||
| Q2 25 | $310.0M | $78.2M | ||
| Q1 25 | $196.0M | $23.4M | ||
| Q4 24 | $341.0M | $125.0M | ||
| Q3 24 | $417.0M | $88.2M | ||
| Q2 24 | $334.0M | $87.3M | ||
| Q1 24 | $0 | $5.2M |
自由现金流率BROTKR
| Q4 25 | 26.4% | 12.7% | ||
| Q3 25 | 28.1% | 14.2% | ||
| Q2 25 | 24.1% | 6.7% | ||
| Q1 25 | 14.0% | 2.1% | ||
| Q4 24 | 28.8% | 11.6% | ||
| Q3 24 | 35.2% | 7.8% | ||
| Q2 24 | 28.4% | 7.4% | ||
| Q1 24 | 0.0% | 0.4% |
资本支出强度BROTKR
| Q4 25 | 1.2% | 3.8% | ||
| Q3 25 | 1.0% | 3.2% | ||
| Q2 25 | 1.2% | 2.8% | ||
| Q1 25 | 1.2% | 3.1% | ||
| Q4 24 | 1.7% | 5.0% | ||
| Q3 24 | 1.9% | 3.1% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 1.0% | 3.7% |
现金转化率BROTKR
| Q4 25 | 1.68× | 2.94× | ||
| Q3 25 | 2.06× | 2.90× | ||
| Q2 25 | 1.41× | 1.42× | ||
| Q1 25 | 0.64× | 0.75× | ||
| Q4 24 | 1.73× | 2.51× | ||
| Q3 24 | 1.88× | 1.51× | ||
| Q2 24 | 1.40× | 1.30× | ||
| Q1 24 | 0.04× | 0.48× |
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% |
TKR
| Industrial Motion | $574.1M | 52% |
| Other | $536.9M | 48% |
