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微牛（BULL）与Cohen & Co Inc.（COHN）财务数据对比。点击上方公司名可切换其他公司
微牛的季度营收约是Cohen & Co Inc.的1.3倍（$131.5M vs $102.7M）。Cohen & Co Inc.同比增速更快（454.1% vs 46.3%）。微牛自由现金流更多（$271.7M vs $-2.5M）
微牛（Webull）是总部位于美国佛罗里达州圣彼得堡的金融服务控股企业，核心运营与品牌同名的电子交易平台，面向用户提供便捷的线上证券等金融产品交易服务，是海外知名的互联网券商服务提供商。
科恩父子公司是一家总部位于伦敦商业路的废金属贸易商，由乔治·亨利·科恩于1834年创立，最初名为乔治·科恩公司，1883年创始人之子迈克尔·科恩入职后更名为现名。一战结束后，公司拿下多份大型合同，负责处理包括40万吨烈性炸药及炮弹在内的剩余军火。
BULL vs COHN — 直观对比
营收规模更大
BULL
是对方的1.3倍
$102.7M
营收增速更快
COHN
高出407.9%
46.3%
自由现金流更多
BULL
多$274.1M
$-2.5M
损益表 — Q2 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $131.5M | $102.7M |
| 净利润 | $-28.3M | — |
| 毛利率 | — | — |
| 营业利润率 | -16.3% | 29.2% |
| 净利率 | -21.5% | — |
| 营收同比 | 46.3% | 454.1% |
| 净利润同比 | -144.3% | — |
| 每股收益（稀释后） | — | $0.77 |
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BULLCOHN
| Q4 25 | — | $102.7M | ||
| Q3 25 | — | $84.2M | ||
| Q2 25 | $131.5M | $59.9M | ||
| Q1 25 | — | $28.7M | ||
| Q4 24 | — | $18.5M | ||
| Q3 24 | — | $31.7M | ||
| Q2 24 | $89.9M | $10.8M | ||
| Q1 24 | — | $18.6M |
净利润BULLCOHN
| Q4 25 | — | — | ||
| Q3 25 | — | $4.6M | ||
| Q2 25 | $-28.3M | $1.4M | ||
| Q1 25 | — | $329.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.1M | ||
| Q2 24 | $-11.6M | $-2.3M | ||
| Q1 24 | — | $2.0M |
营业利润率BULLCOHN
| Q4 25 | — | 29.2% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | -16.3% | 12.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | -29.7% | ||
| Q3 24 | — | 22.8% | ||
| Q2 24 | -11.4% | -59.0% | ||
| Q1 24 | — | -18.2% |
净利率BULLCOHN
| Q4 25 | — | — | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | -21.5% | 2.4% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | -12.9% | -21.8% | ||
| Q1 24 | — | 10.9% |
每股收益（稀释后）BULLCOHN
| Q4 25 | — | $0.77 | ||
| Q3 25 | — | $2.58 | ||
| Q2 25 | — | $0.81 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | — | $-1.20 | ||
| Q3 24 | — | $1.31 | ||
| Q2 24 | — | $-1.47 | ||
| Q1 24 | — | $1.28 |
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 | $476.7M | $56.8M |
| 总债务越低越好 | — | $32.9M |
| 股东权益账面价值 | $751.6M | $51.1M |
| 总资产 | $2.6B | $700.6M |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资BULLCOHN
| Q4 25 | — | $56.8M | ||
| Q3 25 | — | $54.7M | ||
| Q2 25 | $476.7M | $26.0M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | — | $19.6M | ||
| Q3 24 | — | $14.3M | ||
| Q2 24 | — | $9.6M | ||
| Q1 24 | — | $11.8M |
总债务BULLCOHN
| Q4 25 | — | $32.9M | ||
| Q3 25 | — | $32.7M | ||
| Q2 25 | — | $32.6M | ||
| Q1 25 | — | $35.0M | ||
| Q4 24 | — | $34.9M | ||
| Q3 24 | — | $34.9M | ||
| Q2 24 | — | $29.7M | ||
| Q1 24 | — | $29.7M |
股东权益BULLCOHN
| Q4 25 | — | $51.1M | ||
| Q3 25 | — | $47.8M | ||
| Q2 25 | $751.6M | $43.4M | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | — | $41.7M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | $-2.9B | $41.7M | ||
| Q1 24 | — | $43.8M |
总资产BULLCOHN
| Q4 25 | — | $700.6M | ||
| Q3 25 | — | $773.9M | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | — | $978.0M | ||
| Q4 24 | — | $971.1M | ||
| Q3 24 | — | $818.0M | ||
| Q2 24 | — | $826.0M | ||
| Q1 24 | — | $1.1B |
负债/权益比BULLCOHN
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.71× | ||
| Q1 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 | $272.1M | $-2.1M |
| 自由现金流经营现金流 - 资本支出 | $271.7M | $-2.5M |
| 自由现金流率自由现金流/营收 | 206.6% | -2.4% |
| 资本支出强度资本支出/营收 | 0.3% | 0.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $26.1M |
8季度趋势，按日历期对齐
经营现金流BULLCOHN
| Q4 25 | — | $-2.1M | ||
| Q3 25 | — | $22.4M | ||
| Q2 25 | $272.1M | $13.3M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $4.1M | ||
| Q2 24 | — | $-4.2M | ||
| Q1 24 | — | $5.1M |
自由现金流BULLCOHN
| Q4 25 | — | $-2.5M | ||
| Q3 25 | — | $22.2M | ||
| Q2 25 | $271.7M | $12.9M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $3.8M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $5.0M |
自由现金流率BULLCOHN
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | 206.6% | 21.6% | ||
| Q1 25 | — | -22.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | -42.4% | ||
| Q1 24 | — | 27.1% |
资本支出强度BULLCOHN
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | 0.3% | 0.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 0.5% |
现金转化率BULLCOHN
| Q4 25 | — | — | ||
| Q3 25 | — | 4.88× | ||
| Q2 25 | — | 9.48× | ||
| Q1 25 | — | -19.37× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.54× |
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
BULL
暂无分部数据
COHN
| Capital Markets | $68.5M | 67% |
| Other | $25.7M | 25% |
| Gestational Repo Business | $5.6M | 5% |
| Asset Management Segment | $2.9M | 3% |
