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黑石集团（BX）与Roper Technologies（ROP）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Roper Technologies的1.6倍（$3.3B vs $2.1B），黑石集团净利率更高（36.7% vs 15.8%，领先20.9%），Roper Technologies同比增速更快（11.3% vs -9.1%），过去两年Roper Technologies的营收复合增速更高（10.5% vs 8.5%）
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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
BX vs ROP — 直观对比
营收规模更大
BX
是对方的1.6倍
$2.1B
营收增速更快
ROP
高出20.4%
-9.1%
净利率更高
BX
高出20.9%
15.8%
两年增速更快
ROP
近两年复合增速
8.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.1B |
| 净利润 | $1.2B | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | — | 27.2% |
| 净利率 | 36.7% | 15.8% |
| 营收同比 | -9.1% | 11.3% |
| 净利润同比 | -3.9% | 53.7% |
| 每股收益（稀释后） | $0.80 | $4.87 |
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BXROP
| Q1 26 | $3.3B | $2.1B | ||
| Q4 25 | $4.4B | $2.1B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $3.3B | $1.9B | ||
| Q4 24 | $3.1B | $1.9B | ||
| Q3 24 | $3.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.7B |
净利润BXROP
| Q1 26 | $1.2B | $331.0M | ||
| Q4 25 | $1.0B | $428.4M | ||
| Q3 25 | $624.9M | $398.5M | ||
| Q2 25 | $764.2M | $378.3M | ||
| Q1 25 | $614.9M | $331.1M | ||
| Q4 24 | $703.9M | $462.3M | ||
| Q3 24 | $780.8M | $367.9M | ||
| Q2 24 | $444.4M | $337.1M |
毛利率BXROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率BXROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 54.1% | 28.6% | ||
| Q3 25 | 46.8% | 28.4% | ||
| Q2 25 | 51.6% | 28.2% | ||
| Q1 25 | 44.2% | 27.9% | ||
| Q4 24 | 50.6% | 28.0% | ||
| Q3 24 | 49.4% | 28.1% | ||
| Q2 24 | 43.2% | 28.8% |
净利率BXROP
| Q1 26 | 36.7% | 15.8% | ||
| Q4 25 | 23.3% | 20.8% | ||
| Q3 25 | 20.2% | 19.8% | ||
| Q2 25 | 20.6% | 19.5% | ||
| Q1 25 | 18.7% | 17.6% | ||
| Q4 24 | 22.8% | 24.6% | ||
| Q3 24 | 21.3% | 20.8% | ||
| Q2 24 | 15.9% | 19.6% |
每股收益（稀释后）BXROP
| Q1 26 | $0.80 | $4.87 | ||
| Q4 25 | $1.29 | $3.97 | ||
| Q3 25 | $0.80 | $3.68 | ||
| Q2 25 | $0.98 | $3.49 | ||
| Q1 25 | $0.80 | $3.06 | ||
| Q4 24 | $0.91 | $4.29 | ||
| Q3 24 | $1.02 | $3.40 | ||
| Q2 24 | $0.58 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $18.5B | $18.8B |
| 总资产 | $45.3B | $34.6B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资BXROP
| Q1 26 | $2.4B | $382.9M | ||
| Q4 25 | $2.6B | $297.4M | ||
| Q3 25 | $2.4B | $320.0M | ||
| Q2 25 | $2.2B | $242.4M | ||
| Q1 25 | $2.4B | $372.8M | ||
| Q4 24 | $2.0B | $188.2M | ||
| Q3 24 | $2.4B | $269.6M | ||
| Q2 24 | $2.4B | $251.5M |
总债务BXROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $12.6B | $9.3B | ||
| Q3 25 | $12.1B | — | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $12.6B | — | ||
| Q4 24 | $11.5B | $7.6B | ||
| Q3 24 | $10.9B | — | ||
| Q2 24 | $10.8B | — |
股东权益BXROP
| Q1 26 | $18.5B | $18.8B | ||
| Q4 25 | $8.7B | $19.9B | ||
| Q3 25 | $8.4B | $20.0B | ||
| Q2 25 | $8.4B | $19.6B | ||
| Q1 25 | $8.0B | $19.2B | ||
| Q4 24 | $8.2B | $18.9B | ||
| Q3 24 | $7.0B | $18.5B | ||
| Q2 24 | $6.8B | $18.1B |
总资产BXROP
| Q1 26 | $45.3B | $34.6B | ||
| Q4 25 | $47.7B | $34.6B | ||
| Q3 25 | $46.6B | $34.6B | ||
| Q2 25 | $45.4B | $33.2B | ||
| Q1 25 | $45.3B | $31.4B | ||
| Q4 24 | $43.5B | $31.3B | ||
| Q3 24 | $42.6B | $31.6B | ||
| Q2 24 | $40.6B | $29.8B |
负债/权益比BXROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 1.45× | 0.47× | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.58× | — | ||
| Q4 24 | 1.40× | 0.40× | ||
| Q3 24 | 1.55× | — | ||
| Q2 24 | 1.58× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $507.0M |
| 自由现金流率自由现金流/营收 | — | 24.2% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BXROP
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $738.0M | ||
| Q3 25 | $1.6B | $869.5M | ||
| Q2 25 | $888.5M | $404.1M | ||
| Q1 25 | $1.1B | $528.7M | ||
| Q4 24 | $161.4M | $722.2M | ||
| Q3 24 | $1.2B | $755.4M | ||
| Q2 24 | $1.2B | $384.1M |
自由现金流BXROP
| Q1 26 | — | $507.0M | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $848.4M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $149.5M | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — |
自由现金流率BXROP
| Q1 26 | — | 24.2% | ||
| Q4 25 | 24.0% | — | ||
| Q3 25 | 51.0% | — | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 32.8% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 41.0% | — |
资本支出强度BXROP
| Q1 26 | — | 0.5% | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — |
现金转化率BXROP
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | 1.72× | ||
| Q3 25 | 2.56× | 2.18× | ||
| Q2 25 | 1.16× | 1.07× | ||
| Q1 25 | 1.80× | 1.60× | ||
| Q4 24 | 0.23× | 1.56× | ||
| Q3 24 | 1.56× | 2.05× | ||
| Q2 24 | 2.61× | 1.14× |
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% |
ROP
暂无分部数据
