vs
Brown & Brown（BRO）与西联汇款（WU）财务数据对比。点击上方公司名可切换其他公司
Brown & Brown的季度营收约是西联汇款的1.6倍（$1.6B vs $982.7M），Brown & Brown净利率更高（16.5% vs 6.6%，领先9.9%），Brown & Brown同比增速更快（35.8% vs 0.0%），过去两年Brown & Brown的营收复合增速更高（13.0% vs -1.9%）
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。
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，在全球范围内为个人及机构用户提供便捷的跨境汇款、支付等相关金融服务，凭借广泛的服务网点覆盖和成熟的业务体系，在跨境资金流转领域拥有较高的行业知名度。
BRO vs WU — 直观对比
营收规模更大
BRO
是对方的1.6倍
$982.7M
营收增速更快
BRO
高出35.8%
0.0%
净利率更高
BRO
高出9.9%
6.6%
两年增速更快
BRO
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $982.7M |
| 净利润 | $265.0M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 12.5% |
| 净利率 | 16.5% | 6.6% |
| 营收同比 | 35.8% | 0.0% |
| 净利润同比 | 26.8% | -47.6% |
| 每股收益（稀释后） | $0.55 | $0.41 |
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BROWU
| Q1 26 | — | $982.7M | ||
| Q4 25 | $1.6B | $972.0M | ||
| Q3 25 | $1.6B | $985.3M | ||
| Q2 25 | $1.3B | $983.6M | ||
| Q1 25 | $1.4B | $938.7M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $993.4M | ||
| Q2 24 | $1.2B | $1.0B |
净利润BROWU
| Q1 26 | — | $64.7M | ||
| Q4 25 | $265.0M | $114.4M | ||
| Q3 25 | $227.0M | $139.6M | ||
| Q2 25 | $231.0M | $122.1M | ||
| Q1 25 | $331.0M | $123.5M | ||
| Q4 24 | $209.0M | $385.7M | ||
| Q3 24 | $234.0M | $264.8M | ||
| Q2 24 | $257.0M | $141.0M |
毛利率BROWU
| Q1 26 | — | — | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.0% |
营业利润率BROWU
| Q1 26 | — | 12.5% | ||
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | 23.3% | 17.5% | ||
| Q3 24 | 26.7% | 16.6% | ||
| Q2 24 | 29.4% | 18.7% |
净利率BROWU
| Q1 26 | — | 6.6% | ||
| Q4 25 | 16.5% | 11.8% | ||
| Q3 25 | 14.1% | 14.2% | ||
| Q2 25 | 18.0% | 12.4% | ||
| Q1 25 | 23.6% | 13.2% | ||
| Q4 24 | 17.7% | 37.9% | ||
| Q3 24 | 19.7% | 26.7% | ||
| Q2 24 | 21.8% | 13.8% |
每股收益（稀释后）BROWU
| Q1 26 | — | $0.41 | ||
| Q4 25 | $0.55 | $0.36 | ||
| Q3 25 | $0.68 | $0.43 | ||
| Q2 25 | $0.78 | $0.37 | ||
| Q1 25 | $1.15 | $0.36 | ||
| Q4 24 | $0.73 | $1.14 | ||
| Q3 24 | $0.81 | $0.78 | ||
| Q2 24 | $0.90 | $0.41 |
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 | $909.2M |
| 总债务越低越好 | $7.6B | — |
| 股东权益账面价值 | $12.6B | $910.5M |
| 总资产 | $30.0B | $8.1B |
| 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BROWU
| Q1 26 | — | $909.2M | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $947.8M | ||
| Q2 25 | $8.9B | $1.0B | ||
| Q1 25 | $669.0M | $1.3B | ||
| Q4 24 | $685.0M | $1.5B | ||
| Q3 24 | $968.0M | $1.1B | ||
| Q2 24 | $1.1B | $1.0B |
总债务BROWU
| Q1 26 | — | — | ||
| Q4 25 | $7.6B | $2.9B | ||
| Q3 25 | $7.7B | $2.5B | ||
| Q2 25 | $7.5B | $2.5B | ||
| Q1 25 | $3.8B | $2.5B | ||
| Q4 24 | $3.8B | $3.0B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $4.1B | $2.1B |
股东权益BROWU
| Q1 26 | — | $910.5M | ||
| Q4 25 | $12.6B | $957.8M | ||
| Q3 25 | $12.4B | $925.4M | ||
| Q2 25 | $11.6B | $883.6M | ||
| Q1 25 | $6.8B | $939.4M | ||
| Q4 24 | $6.4B | $968.9M | ||
| Q3 24 | $6.5B | $652.7M | ||
| Q2 24 | $6.0B | $440.8M |
总资产BROWU
| Q1 26 | — | $8.1B | ||
| Q4 25 | $30.0B | $8.3B | ||
| Q3 25 | $29.4B | $7.8B | ||
| Q2 25 | $25.6B | $8.0B | ||
| Q1 25 | $16.8B | $8.3B | ||
| Q4 24 | $17.6B | $8.4B | ||
| Q3 24 | $17.5B | $7.7B | ||
| Q2 24 | $15.9B | $8.0B |
负债/权益比BROWU
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 3.01× | ||
| Q3 25 | 0.62× | 2.70× | ||
| Q2 25 | 0.65× | 2.83× | ||
| Q1 25 | 0.56× | 2.61× | ||
| Q4 24 | 0.59× | 3.04× | ||
| Q3 24 | 0.55× | 3.29× | ||
| Q2 24 | 0.68× | 4.88× |
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 | $109.0M |
| 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% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.68× | 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BROWU
| Q1 26 | — | $109.0M | ||
| Q4 25 | $444.0M | $135.4M | ||
| Q3 25 | $468.0M | $260.4M | ||
| Q2 25 | $325.0M | $-300.0K | ||
| Q1 25 | $213.0M | $148.2M | ||
| Q4 24 | $361.0M | $134.0M | ||
| Q3 24 | $440.0M | $212.1M | ||
| Q2 24 | $360.0M | $-33.8M |
自由现金流BROWU
| Q1 26 | — | — | ||
| Q4 25 | $424.0M | $115.5M | ||
| Q3 25 | $452.0M | $252.7M | ||
| Q2 25 | $310.0M | $-7.8M | ||
| Q1 25 | $196.0M | $144.8M | ||
| Q4 24 | $341.0M | $119.7M | ||
| Q3 24 | $417.0M | $205.1M | ||
| Q2 24 | $334.0M | $-38.9M |
自由现金流率BROWU
| Q1 26 | — | — | ||
| Q4 25 | 26.4% | 11.9% | ||
| Q3 25 | 28.1% | 25.6% | ||
| Q2 25 | 24.1% | -0.8% | ||
| Q1 25 | 14.0% | 15.4% | ||
| Q4 24 | 28.8% | 11.8% | ||
| Q3 24 | 35.2% | 20.6% | ||
| Q2 24 | 28.4% | -3.8% |
资本支出强度BROWU
| Q1 26 | — | 4.8% | ||
| Q4 25 | 1.2% | 2.0% | ||
| Q3 25 | 1.0% | 0.8% | ||
| Q2 25 | 1.2% | 0.8% | ||
| Q1 25 | 1.2% | 0.4% | ||
| Q4 24 | 1.7% | 1.4% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 2.2% | 0.5% |
现金转化率BROWU
| Q1 26 | — | 1.68× | ||
| Q4 25 | 1.68× | 1.18× | ||
| Q3 25 | 2.06× | 1.87× | ||
| Q2 25 | 1.41× | -0.00× | ||
| Q1 25 | 0.64× | 1.20× | ||
| Q4 24 | 1.73× | 0.35× | ||
| Q3 24 | 1.88× | 0.80× | ||
| Q2 24 | 1.40× | -0.24× |
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% |
WU
暂无分部数据
