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黑石集团（BX）与Ross Stores（ROST）财务数据对比。点击上方公司名可切换其他公司
Ross Stores的季度营收约是黑石集团的1.7倍（$5.6B vs $3.3B），黑石集团净利率更高（36.7% vs 9.1%，领先27.6%），Ross Stores同比增速更快（10.4% vs -9.1%），过去两年黑石集团的营收复合增速更高（8.5% vs -3.6%）
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。
Ross Stores, Inc.是美国知名折扣百货连锁集团，旗下核心品牌为Ross Dress for Less，总部位于加利福尼亚州都柏林，是美国规模最大的平价零售商。截至2024年7月，集团在全美43个州、华盛顿特区、波多黎各及关岛共运营1795家门店，暂未覆盖新英格兰地区及阿拉斯加，另拥有门店数超353家的折扣零售品牌DD's Discounts。
BX vs ROST — 直观对比
营收规模更大
ROST
是对方的1.7倍
$3.3B
营收增速更快
ROST
高出19.5%
-9.1%
净利率更高
BX
高出27.6%
9.1%
两年增速更快
BX
近两年复合增速
-3.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $5.6B |
| 净利润 | $1.2B | $511.9M |
| 毛利率 | — | 28.0% |
| 营业利润率 | — | 11.6% |
| 净利率 | 36.7% | 9.1% |
| 营收同比 | -9.1% | 10.4% |
| 净利润同比 | -3.9% | 4.7% |
| 每股收益（稀释后） | $0.80 | $1.58 |
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BXROST
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.4B | $5.6B | ||
| Q3 25 | $3.1B | $5.5B | ||
| Q2 25 | $3.7B | $5.0B | ||
| Q1 25 | $3.3B | $5.9B | ||
| Q4 24 | $3.1B | $5.1B | ||
| Q3 24 | $3.7B | $5.3B | ||
| Q2 24 | $2.8B | $4.9B |
净利润BXROST
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $511.9M | ||
| Q3 25 | $624.9M | $508.0M | ||
| Q2 25 | $764.2M | $479.2M | ||
| Q1 25 | $614.9M | $586.8M | ||
| Q4 24 | $703.9M | $488.8M | ||
| Q3 24 | $780.8M | $527.1M | ||
| Q2 24 | $444.4M | $488.0M |
毛利率BXROST
| Q1 26 | — | — | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 28.1% |
营业利润率BXROST
| Q1 26 | — | — | ||
| Q4 25 | 54.1% | 11.6% | ||
| Q3 25 | 46.8% | 11.5% | ||
| Q2 25 | 51.6% | 12.2% | ||
| Q1 25 | 44.2% | 12.4% | ||
| Q4 24 | 50.6% | 11.9% | ||
| Q3 24 | 49.4% | 12.5% | ||
| Q2 24 | 43.2% | 12.2% |
净利率BXROST
| Q1 26 | 36.7% | — | ||
| Q4 25 | 23.3% | 9.1% | ||
| Q3 25 | 20.2% | 9.2% | ||
| Q2 25 | 20.6% | 9.6% | ||
| Q1 25 | 18.7% | 9.9% | ||
| Q4 24 | 22.8% | 9.6% | ||
| Q3 24 | 21.3% | 10.0% | ||
| Q2 24 | 15.9% | 10.0% |
每股收益（稀释后）BXROST
| Q1 26 | $0.80 | — | ||
| Q4 25 | $1.29 | $1.58 | ||
| Q3 25 | $0.80 | $1.56 | ||
| Q2 25 | $0.98 | $1.47 | ||
| Q1 25 | $0.80 | $1.79 | ||
| Q4 24 | $0.91 | $1.48 | ||
| Q3 24 | $1.02 | $1.59 | ||
| Q2 24 | $0.58 | $1.46 |
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 | $4.1B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $18.5B | $5.9B |
| 总资产 | $45.3B | $15.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资BXROST
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.6B | $4.1B | ||
| Q3 25 | $2.4B | $3.8B | ||
| Q2 25 | $2.2B | $3.8B | ||
| Q1 25 | $2.4B | $4.7B | ||
| Q4 24 | $2.0B | $4.3B | ||
| Q3 24 | $2.4B | $4.7B | ||
| Q2 24 | $2.4B | $4.7B |
总债务BXROST
| Q1 26 | — | — | ||
| Q4 25 | $12.6B | $1.5B | ||
| Q3 25 | $12.1B | $1.5B | ||
| Q2 25 | $12.1B | $1.5B | ||
| Q1 25 | $12.6B | $2.2B | ||
| Q4 24 | $11.5B | $2.2B | ||
| Q3 24 | $10.9B | $2.5B | ||
| Q2 24 | $10.8B | $2.5B |
股东权益BXROST
| Q1 26 | $18.5B | — | ||
| Q4 25 | $8.7B | $5.9B | ||
| Q3 25 | $8.4B | $5.7B | ||
| Q2 25 | $8.4B | $5.6B | ||
| Q1 25 | $8.0B | $5.5B | ||
| Q4 24 | $8.2B | $5.3B | ||
| Q3 24 | $7.0B | $5.1B | ||
| Q2 24 | $6.8B | $4.9B |
总资产BXROST
| Q1 26 | $45.3B | — | ||
| Q4 25 | $47.7B | $15.4B | ||
| Q3 25 | $46.6B | $14.5B | ||
| Q2 25 | $45.4B | $14.3B | ||
| Q1 25 | $45.3B | $14.9B | ||
| Q4 24 | $43.5B | $14.9B | ||
| Q3 24 | $42.6B | $14.7B | ||
| Q2 24 | $40.6B | $14.5B |
负债/权益比BXROST
| Q1 26 | — | — | ||
| Q4 25 | 1.45× | 0.26× | ||
| Q3 25 | 1.44× | 0.26× | ||
| Q2 25 | 1.45× | 0.27× | ||
| Q1 25 | 1.58× | 0.40× | ||
| Q4 24 | 1.40× | 0.42× | ||
| Q3 24 | 1.55× | 0.48× | ||
| Q2 24 | 1.58× | 0.50× |
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 | — | $827.1M |
| 自由现金流经营现金流 - 资本支出 | — | $617.8M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 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BXROST
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $827.1M | ||
| Q3 25 | $1.6B | $668.4M | ||
| Q2 25 | $888.5M | $409.7M | ||
| Q1 25 | $1.1B | $882.6M | ||
| Q4 24 | $161.4M | $513.4M | ||
| Q3 24 | $1.2B | $592.1M | ||
| Q2 24 | $1.2B | $368.9M |
自由现金流BXROST
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $617.8M | ||
| Q3 25 | $1.6B | $466.6M | ||
| Q2 25 | $848.4M | $202.3M | ||
| Q1 25 | $1.1B | $676.6M | ||
| Q4 24 | $149.5M | $333.0M | ||
| Q3 24 | $1.2B | $394.6M | ||
| Q2 24 | $1.1B | $232.7M |
自由现金流率BXROST
| Q1 26 | — | — | ||
| Q4 25 | 24.0% | 11.0% | ||
| Q3 25 | 51.0% | 8.4% | ||
| Q2 25 | 22.9% | 4.1% | ||
| Q1 25 | 32.8% | 11.4% | ||
| Q4 24 | 4.9% | 6.6% | ||
| Q3 24 | 32.8% | 7.5% | ||
| Q2 24 | 41.0% | 4.8% |
资本支出强度BXROST
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.7% | ||
| Q3 25 | 0.8% | 3.6% | ||
| Q2 25 | 1.1% | 4.2% | ||
| Q1 25 | 0.9% | 3.5% | ||
| Q4 24 | 0.4% | 3.6% | ||
| Q3 24 | 0.5% | 3.7% | ||
| Q2 24 | 0.4% | 2.8% |
现金转化率BXROST
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | 1.62× | ||
| Q3 25 | 2.56× | 1.32× | ||
| Q2 25 | 1.16× | 0.85× | ||
| Q1 25 | 1.80× | 1.50× | ||
| Q4 24 | 0.23× | 1.05× | ||
| Q3 24 | 1.56× | 1.12× | ||
| Q2 24 | 2.61× | 0.76× |
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% |
ROST
暂无分部数据
