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博格华纳（BWA）与信安金融集团（PFG）财务数据对比。点击上方公司名可切换其他公司
信安金融集团的季度营收约是博格华纳的1.3倍（$4.6B vs $3.6B），信安金融集团净利率更高（11.3% vs -7.3%，领先18.6%），博格华纳同比增速更快（3.9% vs -3.7%），过去两年信安金融集团的营收复合增速更高（6.3% vs -0.3%）
博格华纳是总部位于美国密歇根州奥本山的汽车及电动出行零部件供应商，位列全球前25大汽车供应商之列。截至2023年，公司在24个国家设有92处生产基地，年营收142亿美元，员工约3.99万人，2025年2月起由约瑟夫·法杜尔担任首席执行官。
信安金融集团（股票代码：PFG）是总部位于美国艾奥瓦州得梅因的全球性金融服务企业，核心业务涵盖投资管理、保险服务两大板块，在全球多个区域开展业务，为机构客户和个人用户提供专业定制化的金融解决方案，在行业内拥有较高知名度。
BWA vs PFG — 直观对比
营收规模更大
PFG
是对方的1.3倍
$3.6B
营收增速更快
BWA
高出7.6%
-3.7%
净利率更高
PFG
高出18.6%
-7.3%
两年增速更快
PFG
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $4.6B |
| 净利润 | $-262.0M | $517.0M |
| 毛利率 | 20.5% | — |
| 营业利润率 | -6.7% | — |
| 净利率 | -7.3% | 11.3% |
| 营收同比 | 3.9% | -3.7% |
| 净利润同比 | 35.3% | -42.9% |
| 每股收益（稀释后） | $-1.20 | $2.30 |
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BWAPFG
| Q4 25 | $3.6B | $4.6B | ||
| Q3 25 | $3.6B | $3.7B | ||
| Q2 25 | $3.6B | $3.7B | ||
| Q1 25 | $3.5B | $3.7B | ||
| Q4 24 | $3.4B | $4.8B | ||
| Q3 24 | $3.4B | $3.0B | ||
| Q2 24 | $3.6B | $4.3B | ||
| Q1 24 | $3.6B | $4.1B |
净利润BWAPFG
| Q4 25 | $-262.0M | $517.0M | ||
| Q3 25 | $158.0M | $213.8M | ||
| Q2 25 | $224.0M | $406.2M | ||
| Q1 25 | $157.0M | $48.1M | ||
| Q4 24 | $-405.0M | $905.4M | ||
| Q3 24 | $234.0M | $-220.0M | ||
| Q2 24 | $303.0M | $353.1M | ||
| Q1 24 | $206.0M | $532.5M |
毛利率BWAPFG
| Q4 25 | 20.5% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 19.0% | — | ||
| Q1 24 | 17.9% | — |
营业利润率BWAPFG
| Q4 25 | -6.7% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | -9.2% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 8.2% | — |
净利率BWAPFG
| Q4 25 | -7.3% | 11.3% | ||
| Q3 25 | 4.4% | 5.8% | ||
| Q2 25 | 6.2% | 11.1% | ||
| Q1 25 | 4.5% | 1.3% | ||
| Q4 24 | -11.8% | 19.1% | ||
| Q3 24 | 6.8% | -7.3% | ||
| Q2 24 | 8.4% | 8.2% | ||
| Q1 24 | 5.7% | 13.1% |
每股收益（稀释后）BWAPFG
| Q4 25 | $-1.20 | $2.30 | ||
| Q3 25 | $0.73 | $0.95 | ||
| Q2 25 | $1.03 | $1.79 | ||
| Q1 25 | $0.72 | $0.21 | ||
| Q4 24 | $-1.78 | $3.92 | ||
| Q3 24 | $1.04 | $-0.95 | ||
| Q2 24 | $1.34 | $1.49 | ||
| Q1 24 | $0.90 | $2.22 |
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 | — | $4.4B |
| 总债务越低越好 | $3.9B | $3.9B |
| 股东权益账面价值 | $5.4B | $11.9B |
| 总资产 | $13.8B | $341.4B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资BWAPFG
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $4.8B | ||
| Q1 24 | — | $4.2B |
总债务BWAPFG
| Q4 25 | $3.9B | $3.9B | ||
| Q3 25 | $3.9B | $3.9B | ||
| Q2 25 | $3.9B | $3.9B | ||
| Q1 25 | $3.8B | $4.3B | ||
| Q4 24 | $3.8B | $4.0B | ||
| Q3 24 | $4.2B | $3.9B | ||
| Q2 24 | $3.3B | $3.9B | ||
| Q1 24 | $3.3B | $3.9B |
股东权益BWAPFG
| Q4 25 | $5.4B | $11.9B | ||
| Q3 25 | $6.0B | $11.7B | ||
| Q2 25 | $5.9B | $11.4B | ||
| Q1 25 | $5.7B | $11.2B | ||
| Q4 24 | $5.5B | $11.1B | ||
| Q3 24 | $6.2B | $11.2B | ||
| Q2 24 | $6.1B | $11.0B | ||
| Q1 24 | $5.8B | $11.2B |
总资产BWAPFG
| Q4 25 | $13.8B | $341.4B | ||
| Q3 25 | $14.5B | $334.5B | ||
| Q2 25 | $14.4B | $323.1B | ||
| Q1 25 | $13.8B | $313.0B | ||
| Q4 24 | $14.0B | $313.7B | ||
| Q3 24 | $15.1B | $322.9B | ||
| Q2 24 | $14.1B | $308.8B | ||
| Q1 24 | $14.1B | $308.7B |
负债/权益比BWAPFG
| Q4 25 | 0.72× | 0.33× | ||
| Q3 25 | 0.65× | 0.34× | ||
| Q2 25 | 0.66× | 0.34× | ||
| Q1 25 | 0.66× | 0.39× | ||
| Q4 24 | 0.68× | 0.36× | ||
| Q3 24 | 0.68× | 0.35× | ||
| Q2 24 | 0.54× | 0.36× | ||
| Q1 24 | 0.56× | 0.35× |
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 | $619.0M | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $457.0M | — |
| 自由现金流率自由现金流/营收 | 12.8% | — |
| 资本支出强度资本支出/营收 | 4.5% | — |
| 现金转化率经营现金流/净利润 | — | 3.37× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流BWAPFG
| Q4 25 | $619.0M | $1.7B | ||
| Q3 25 | $368.0M | $1.0B | ||
| Q2 25 | $579.0M | $811.9M | ||
| Q1 25 | $82.0M | $977.3M | ||
| Q4 24 | $682.0M | $1.5B | ||
| Q3 24 | $356.0M | $1.1B | ||
| Q2 24 | $462.0M | $1.4B | ||
| Q1 24 | $-118.0M | $584.2M |
自由现金流BWAPFG
| Q4 25 | $457.0M | — | ||
| Q3 25 | $257.0M | — | ||
| Q2 25 | $502.0M | — | ||
| Q1 25 | $-37.0M | — | ||
| Q4 24 | $521.0M | — | ||
| Q3 24 | $201.0M | — | ||
| Q2 24 | $297.0M | — | ||
| Q1 24 | $-308.0M | — |
自由现金流率BWAPFG
| Q4 25 | 12.8% | — | ||
| Q3 25 | 7.2% | — | ||
| Q2 25 | 13.8% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | 15.1% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | -8.6% | — |
资本支出强度BWAPFG
| Q4 25 | 4.5% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 5.3% | — |
现金转化率BWAPFG
| Q4 25 | — | 3.37× | ||
| Q3 25 | 2.33× | 4.70× | ||
| Q2 25 | 2.58× | 2.00× | ||
| Q1 25 | 0.52× | 20.32× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.52× | 4.05× | ||
| Q1 24 | -0.57× | 1.10× |
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
BWA
| Foundational Products | $2.9B | 81% |
| Drivetrain Morse Systems | $506.0M | 14% |
| Power Drive Systems | $112.0M | 3% |
| Battery Charging Systems | $64.0M | 2% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
