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黑石集团（BX）与CSX Corporation（CSX）财务数据对比。点击上方公司名可切换其他公司
CSX Corporation的季度营收约是黑石集团的1.1倍（$3.5B vs $3.3B），黑石集团净利率更高（36.7% vs 23.2%，领先13.6%），CSX Corporation同比增速更快（1.7% vs -77.7%），过去两年黑石集团的营收复合增速更高（8.5% vs -3.0%）
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。
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
BX vs CSX — 直观对比
营收规模更大
CSX
是对方的1.1倍
$3.3B
营收增速更快
CSX
高出79.5%
-77.7%
净利率更高
BX
高出13.6%
23.2%
两年增速更快
BX
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.5B |
| 净利润 | $1.2B | $807.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 29.9% |
| 净利率 | 36.7% | 23.2% |
| 营收同比 | -77.7% | 1.7% |
| 净利润同比 | -76.1% | 401.2% |
| 每股收益（稀释后） | $0.80 | — |
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BXCSX
| Q1 26 | $3.3B | $3.5B | ||
| Q4 25 | $4.4B | $3.5B | ||
| Q3 25 | $3.1B | $3.6B | ||
| Q2 25 | $3.7B | $3.6B | ||
| Q1 25 | $3.3B | $3.4B | ||
| Q4 24 | $3.1B | $3.5B | ||
| Q3 24 | $3.7B | $3.6B | ||
| Q2 24 | $2.8B | $3.7B |
净利润BXCSX
| Q1 26 | $1.2B | $807.0M | ||
| Q4 25 | $1.0B | $720.0M | ||
| Q3 25 | $624.9M | $694.0M | ||
| Q2 25 | $764.2M | $829.0M | ||
| Q1 25 | $614.9M | $646.0M | ||
| Q4 24 | $703.9M | $720.0M | ||
| Q3 24 | $780.8M | $894.0M | ||
| Q2 24 | $444.4M | $963.0M |
营业利润率BXCSX
| Q1 26 | — | 29.9% | ||
| Q4 25 | 54.1% | 31.6% | ||
| Q3 25 | 46.8% | 30.3% | ||
| Q2 25 | 51.6% | 35.9% | ||
| Q1 25 | 44.2% | 30.4% | ||
| Q4 24 | 50.6% | 30.8% | ||
| Q3 24 | 49.4% | 37.4% | ||
| Q2 24 | 43.2% | 39.1% |
净利率BXCSX
| Q1 26 | 36.7% | 23.2% | ||
| Q4 25 | 23.3% | 20.5% | ||
| Q3 25 | 20.2% | 19.3% | ||
| Q2 25 | 20.6% | 23.2% | ||
| Q1 25 | 18.7% | 18.9% | ||
| Q4 24 | 22.8% | 20.3% | ||
| Q3 24 | 21.3% | 24.7% | ||
| Q2 24 | 15.9% | 26.0% |
每股收益（稀释后）BXCSX
| Q1 26 | $0.80 | — | ||
| Q4 25 | $1.29 | $0.39 | ||
| Q3 25 | $0.80 | $0.37 | ||
| Q2 25 | $0.98 | $0.44 | ||
| Q1 25 | $0.80 | $0.34 | ||
| Q4 24 | $0.91 | $0.38 | ||
| Q3 24 | $1.02 | $0.46 | ||
| Q2 24 | $0.58 | $0.49 |
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 | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $18.5B | $13.6B |
| 总资产 | $45.3B | $44.2B |
| 负债/权益比越低杠杆越低 | — | 1.39× |
8季度趋势，按日历期对齐
现金及短期投资BXCSX
| Q1 26 | $2.4B | $1.1B | ||
| Q4 25 | $2.6B | $5.0M | ||
| Q3 25 | $2.4B | $6.0M | ||
| Q2 25 | $2.2B | $6.0M | ||
| Q1 25 | $2.4B | $8.0M | ||
| Q4 24 | $2.0B | $72.0M | ||
| Q3 24 | $2.4B | $12.0M | ||
| Q2 24 | $2.4B | $4.0M |
总债务BXCSX
| Q1 26 | — | $18.9B | ||
| Q4 25 | $12.6B | $18.2B | ||
| Q3 25 | $12.1B | $18.6B | ||
| Q2 25 | $12.1B | $18.6B | ||
| Q1 25 | $12.6B | $18.5B | ||
| Q4 24 | $11.5B | $17.9B | ||
| Q3 24 | $10.9B | $18.5B | ||
| Q2 24 | $10.8B | $18.0B |
股东权益BXCSX
| Q1 26 | $18.5B | $13.6B | ||
| Q4 25 | $8.7B | $13.2B | ||
| Q3 25 | $8.4B | $12.8B | ||
| Q2 25 | $8.4B | $12.4B | ||
| Q1 25 | $8.0B | $12.2B | ||
| Q4 24 | $8.2B | $12.5B | ||
| Q3 24 | $7.0B | $12.9B | ||
| Q2 24 | $6.8B | $12.6B |
总资产BXCSX
| Q1 26 | $45.3B | $44.2B | ||
| Q4 25 | $47.7B | $43.7B | ||
| Q3 25 | $46.6B | $43.3B | ||
| Q2 25 | $45.4B | $42.9B | ||
| Q1 25 | $45.3B | $43.2B | ||
| Q4 24 | $43.5B | $42.8B | ||
| Q3 24 | $42.6B | $43.1B | ||
| Q2 24 | $40.6B | $42.4B |
负债/权益比BXCSX
| Q1 26 | — | 1.39× | ||
| Q4 25 | 1.45× | 1.38× | ||
| Q3 25 | 1.44× | 1.45× | ||
| Q2 25 | 1.45× | 1.50× | ||
| Q1 25 | 1.58× | 1.52× | ||
| Q4 24 | 1.40× | 1.43× | ||
| Q3 24 | 1.55× | 1.43× | ||
| Q2 24 | 1.58× | 1.42× |
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 | — | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $793.0M |
| 自由现金流率自由现金流/营收 | — | 22.8% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.58× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流BXCSX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $888.5M | $635.0M | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $161.4M | $1.4B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.2B | $1.1B |
自由现金流BXCSX
| Q1 26 | — | $793.0M | ||
| Q4 25 | $1.0B | $709.0M | ||
| Q3 25 | $1.6B | $607.0M | ||
| Q2 25 | $848.4M | $-141.0M | ||
| Q1 25 | $1.1B | $536.0M | ||
| Q4 24 | $149.5M | $550.0M | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $547.0M |
自由现金流率BXCSX
| Q1 26 | — | 22.8% | ||
| Q4 25 | 24.0% | 20.2% | ||
| Q3 25 | 51.0% | 16.9% | ||
| Q2 25 | 22.9% | -3.9% | ||
| Q1 25 | 32.8% | 15.7% | ||
| Q4 24 | 4.9% | 15.5% | ||
| Q3 24 | 32.8% | 29.3% | ||
| Q2 24 | 41.0% | 14.8% |
资本支出强度BXCSX
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 19.3% | ||
| Q3 25 | 0.8% | 20.4% | ||
| Q2 25 | 1.1% | 21.7% | ||
| Q1 25 | 0.9% | 21.0% | ||
| Q4 24 | 0.4% | 23.7% | ||
| Q3 24 | 0.5% | 17.3% | ||
| Q2 24 | 0.4% | 14.6% |
现金转化率BXCSX
| Q1 26 | — | 1.58× | ||
| Q4 25 | 1.05× | 1.93× | ||
| Q3 25 | 2.56× | 1.93× | ||
| Q2 25 | 1.16× | 0.77× | ||
| Q1 25 | 1.80× | 1.94× | ||
| Q4 24 | 0.23× | 1.93× | ||
| Q3 24 | 1.56× | 1.89× | ||
| Q2 24 | 2.61× | 1.13× |
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% |
CSX
暂无分部数据
