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黑石集团（BX）与高乐氏（CLX）财务数据对比。点击上方公司名可切换其他公司
黑石集团的季度营收约是高乐氏的2.0倍（$3.3B vs $1.7B），黑石集团净利率更高（36.7% vs 9.4%，领先27.4%），高乐氏同比增速更快（0.3% vs -77.7%），过去两年黑石集团的营收复合增速更高（8.5% vs -8.3%）
黑石集团是总部位于美国纽约的另类资产管理机构，1985年由曾共同任职于雷曼兄弟的彼得·彼得森和斯蒂芬·施瓦茨曼创立，最初主营并购咨询业务。过去三十年间，其私募股权业务是全球最大的杠杆收购投资方之一，地产业务也在全球积极布局商业不动产投资。
高乐氏是美国跨国企业，专业从事消费级与专业用途产品的生产及营销。2000年至2024年持续入选《财富》500强榜单，最新排名为第485位，旗下产品覆盖清洁护理、家居日用等多个品类，在全球消费市场拥有较高认可度。
BX vs CLX — 直观对比
营收规模更大
BX
是对方的2.0倍
$1.7B
营收增速更快
CLX
高出78.0%
-77.7%
净利率更高
BX
高出27.4%
9.4%
两年增速更快
BX
近两年复合增速
-8.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $1.7B |
| 净利润 | $1.2B | $157.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | — | — |
| 净利率 | 36.7% | 9.4% |
| 营收同比 | -77.7% | 0.3% |
| 净利润同比 | -76.1% | -15.6% |
| 每股收益（稀释后） | $0.80 | $1.29 |
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BXCLX
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.4B | $1.7B | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.7B | $2.0B | ||
| Q1 25 | $3.3B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $3.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.9B |
净利润BXCLX
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $157.0M | ||
| Q3 25 | $624.9M | — | ||
| Q2 25 | $764.2M | $332.0M | ||
| Q1 25 | $614.9M | $186.0M | ||
| Q4 24 | $703.9M | $193.0M | ||
| Q3 24 | $780.8M | $99.0M | ||
| Q2 24 | $444.4M | $216.0M |
毛利率BXCLX
| Q1 26 | — | — | ||
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 46.5% | ||
| Q1 25 | — | 44.6% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 46.5% |
营业利润率BXCLX
| Q1 26 | — | — | ||
| Q4 25 | 54.1% | — | ||
| Q3 25 | 46.8% | — | ||
| Q2 25 | 51.6% | 20.6% | ||
| Q1 25 | 44.2% | 15.2% | ||
| Q4 24 | 50.6% | 14.1% | ||
| Q3 24 | 49.4% | 10.0% | ||
| Q2 24 | 43.2% | 14.5% |
净利率BXCLX
| Q1 26 | 36.7% | — | ||
| Q4 25 | 23.3% | 9.4% | ||
| Q3 25 | 20.2% | — | ||
| Q2 25 | 20.6% | 16.7% | ||
| Q1 25 | 18.7% | 11.2% | ||
| Q4 24 | 22.8% | 11.4% | ||
| Q3 24 | 21.3% | 5.6% | ||
| Q2 24 | 15.9% | 11.4% |
每股收益（稀释后）BXCLX
| Q1 26 | $0.80 | — | ||
| Q4 25 | $1.29 | $1.29 | ||
| Q3 25 | $0.80 | — | ||
| Q2 25 | $0.98 | $2.68 | ||
| Q1 25 | $0.80 | $1.50 | ||
| Q4 24 | $0.91 | $1.54 | ||
| Q3 24 | $1.02 | $0.80 | ||
| Q2 24 | $0.58 | $1.74 |
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 | $2.4B | $227.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $18.5B | $-125.0M |
| 总资产 | $45.3B | $5.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BXCLX
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.6B | $227.0M | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | $167.0M | ||
| Q1 25 | $2.4B | $226.0M | ||
| Q4 24 | $2.0B | $290.0M | ||
| Q3 24 | $2.4B | $278.0M | ||
| Q2 24 | $2.4B | $202.0M |
总债务BXCLX
| Q1 26 | — | — | ||
| Q4 25 | $12.6B | — | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $12.1B | $2.5B | ||
| Q1 25 | $12.6B | — | ||
| Q4 24 | $11.5B | — | ||
| Q3 24 | $10.9B | — | ||
| Q2 24 | $10.8B | $2.5B |
股东权益BXCLX
| Q1 26 | $18.5B | — | ||
| Q4 25 | $8.7B | $-125.0M | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.4B | $321.0M | ||
| Q1 25 | $8.0B | $27.0M | ||
| Q4 24 | $8.2B | $-41.0M | ||
| Q3 24 | $7.0B | $60.0M | ||
| Q2 24 | $6.8B | $328.0M |
总资产BXCLX
| Q1 26 | $45.3B | — | ||
| Q4 25 | $47.7B | $5.6B | ||
| Q3 25 | $46.6B | — | ||
| Q2 25 | $45.4B | $5.6B | ||
| Q1 25 | $45.3B | $5.5B | ||
| Q4 24 | $43.5B | $5.6B | ||
| Q3 24 | $42.6B | $5.5B | ||
| Q2 24 | $40.6B | $5.8B |
负债/权益比BXCLX
| Q1 26 | — | — | ||
| Q4 25 | 1.45× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 1.45× | 7.74× | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.58× | 7.56× |
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
BX
| Management and Advisory Fees, Net | $1.9B | 58% |
| Realized | $562.0M | 17% |
| Other | $368.1M | 11% |
| Unrealized | $263.2M | 8% |
| Incentive Fees | $191.8M | 6% |
CLX
| Health And Wellness | $643.0M | 38% |
| Household | $419.0M | 25% |
| Lifestyle | $321.0M | 19% |
| Other | $290.0M | 17% |
