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CBIZ, Inc.（CBZ）与Centuri Holdings, Inc.（CTRI）财务数据对比。点击上方公司名可切换其他公司
Centuri Holdings, Inc.的季度营收约是CBIZ, Inc.的1.6倍（$858.6M vs $542.7M），Centuri Holdings, Inc.净利率更高（3.5% vs -14.6%，领先18.2%），Centuri Holdings, Inc.同比增速更快（19.7% vs 17.9%），CBIZ, Inc.自由现金流更多（$141.7M vs $66.3M），过去两年Centuri Holdings, Inc.的营收复合增速更高（27.5% vs 4.8%）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
Centuri Holdings前身为Allied Leisure，是美国街机游戏制造商，总部位于佛罗里达州海厄利亚。20世纪80年代初，它是美国排名前六的投币式街机视频游戏设备供应商之一。1980年，原Taito美国总裁埃德·米勒与合伙人比尔·奥利吉斯收购Allied Leisure后，将其更名为Centuri。
CBZ vs CTRI — 直观对比
营收规模更大
CTRI
是对方的1.6倍
$542.7M
营收增速更快
CTRI
高出1.8%
17.9%
净利率更高
CTRI
高出18.2%
-14.6%
自由现金流更多
CBZ
多$75.4M
$66.3M
两年增速更快
CTRI
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.7M | $858.6M |
| 净利润 | $-79.4M | $30.4M |
| 毛利率 | -9.4% | 9.4% |
| 营业利润率 | -15.7% | 4.3% |
| 净利率 | -14.6% | 3.5% |
| 营收同比 | 17.9% | 19.7% |
| 净利润同比 | 12.5% | 194.1% |
| 每股收益（稀释后） | $-1.22 | $0.34 |
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CBZCTRI
| Q4 25 | $542.7M | $858.6M | ||
| Q3 25 | $693.8M | $850.0M | ||
| Q2 25 | $683.5M | $724.1M | ||
| Q1 25 | $838.0M | $550.1M | ||
| Q4 24 | $460.3M | $717.1M | ||
| Q3 24 | $438.9M | $720.1M | ||
| Q2 24 | $420.0M | $672.1M | ||
| Q1 24 | $494.3M | $528.0M |
净利润CBZCTRI
| Q4 25 | $-79.4M | $30.4M | ||
| Q3 25 | $30.1M | $2.1M | ||
| Q2 25 | $41.9M | $8.1M | ||
| Q1 25 | $122.8M | $-17.9M | ||
| Q4 24 | $-90.7M | $10.3M | ||
| Q3 24 | $35.1M | $-3.7M | ||
| Q2 24 | $19.8M | $11.7M | ||
| Q1 24 | $76.9M | $-25.1M |
毛利率CBZCTRI
| Q4 25 | -9.4% | 9.4% | ||
| Q3 25 | 13.0% | 9.2% | ||
| Q2 25 | 12.9% | 9.4% | ||
| Q1 25 | 27.2% | 3.7% | ||
| Q4 24 | -13.4% | 9.9% | ||
| Q3 24 | 16.6% | 10.5% | ||
| Q2 24 | 12.8% | 9.0% | ||
| Q1 24 | 23.8% | 2.5% |
营业利润率CBZCTRI
| Q4 25 | -15.7% | 4.3% | ||
| Q3 25 | 8.5% | 4.3% | ||
| Q2 25 | 8.8% | 4.4% | ||
| Q1 25 | 23.9% | -2.3% | ||
| Q4 24 | -23.2% | 4.7% | ||
| Q3 24 | 11.3% | 5.8% | ||
| Q2 24 | 7.5% | 4.9% | ||
| Q1 24 | 20.0% | -4.2% |
净利率CBZCTRI
| Q4 25 | -14.6% | 3.5% | ||
| Q3 25 | 4.3% | 0.2% | ||
| Q2 25 | 6.1% | 1.1% | ||
| Q1 25 | 14.7% | -3.3% | ||
| Q4 24 | -19.7% | 1.4% | ||
| Q3 24 | 8.0% | -0.5% | ||
| Q2 24 | 4.7% | 1.7% | ||
| Q1 24 | 15.6% | -4.7% |
每股收益（稀释后）CBZCTRI
| Q4 25 | $-1.22 | $0.34 | ||
| Q3 25 | $0.48 | $0.02 | ||
| Q2 25 | $0.66 | $0.09 | ||
| Q1 25 | $1.91 | $-0.20 | ||
| Q4 24 | $-1.84 | $0.17 | ||
| Q3 24 | $0.70 | $-0.04 | ||
| Q2 24 | $0.39 | $0.14 | ||
| Q1 24 | $1.53 | $-0.35 |
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 | $18.3M | $126.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.8B | $873.0M |
| 总资产 | $4.4B | $2.4B |
| 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CBZCTRI
| Q4 25 | $18.3M | $126.6M | ||
| Q3 25 | $17.0M | $16.1M | ||
| Q2 25 | $39.8M | $28.3M | ||
| Q1 25 | $8.8M | $15.3M | ||
| Q4 24 | $13.8M | $49.0M | ||
| Q3 24 | $1.1M | $52.5M | ||
| Q2 24 | $1.1M | $30.9M | ||
| Q1 24 | $1.4M | $18.4M |
股东权益CBZCTRI
| Q4 25 | $1.8B | $873.0M | ||
| Q3 25 | $1.9B | $585.2M | ||
| Q2 25 | $1.9B | $567.1M | ||
| Q1 25 | $1.9B | $536.5M | ||
| Q4 24 | $1.8B | $555.6M | ||
| Q3 24 | $927.9M | $527.3M | ||
| Q2 24 | $891.4M | $530.4M | ||
| Q1 24 | $867.1M | $197.8M |
总资产CBZCTRI
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $4.5B | $2.2B | ||
| Q2 25 | $4.5B | $2.1B | ||
| Q1 25 | $4.6B | $2.0B | ||
| Q4 24 | $4.5B | $2.1B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.2B | $2.2B | ||
| Q1 24 | $2.2B | $2.1B |
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 | $143.6M | $83.9M |
| 自由现金流经营现金流 - 资本支出 | $141.7M | $66.3M |
| 自由现金流率自由现金流/营收 | 26.1% | 7.7% |
| 资本支出强度资本支出/营收 | 0.4% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 2.76× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $-8.2M |
8季度趋势，按日历期对齐
经营现金流CBZCTRI
| Q4 25 | $143.6M | $83.9M | ||
| Q3 25 | $24.0M | $5.2M | ||
| Q2 25 | $113.1M | $-27.7M | ||
| Q1 25 | $-88.3M | $16.7M | ||
| Q4 24 | $55.5M | $61.0M | ||
| Q3 24 | $43.7M | $180.2M | ||
| Q2 24 | $88.2M | $-56.6M | ||
| Q1 24 | $-63.7M | $-26.5M |
自由现金流CBZCTRI
| Q4 25 | $141.7M | $66.3M | ||
| Q3 25 | $22.1M | $-18.4M | ||
| Q2 25 | $105.2M | $-48.5M | ||
| Q1 25 | $-93.4M | $-7.7M | ||
| Q4 24 | $52.3M | $27.8M | ||
| Q3 24 | $41.1M | $160.7M | ||
| Q2 24 | $86.3M | $-76.9M | ||
| Q1 24 | $-68.8M | $-52.7M |
自由现金流率CBZCTRI
| Q4 25 | 26.1% | 7.7% | ||
| Q3 25 | 3.2% | -2.2% | ||
| Q2 25 | 15.4% | -6.7% | ||
| Q1 25 | -11.2% | -1.4% | ||
| Q4 24 | 11.4% | 3.9% | ||
| Q3 24 | 9.4% | 22.3% | ||
| Q2 24 | 20.5% | -11.4% | ||
| Q1 24 | -13.9% | -10.0% |
资本支出强度CBZCTRI
| Q4 25 | 0.4% | 2.0% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 1.2% | 2.9% | ||
| Q1 25 | 0.6% | 4.4% | ||
| Q4 24 | 0.7% | 4.6% | ||
| Q3 24 | 0.6% | 2.7% | ||
| Q2 24 | 0.4% | 3.0% | ||
| Q1 24 | 1.0% | 5.0% |
现金转化率CBZCTRI
| Q4 25 | — | 2.76× | ||
| Q3 25 | 0.79× | 2.48× | ||
| Q2 25 | 2.70× | -3.43× | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | 5.90× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 4.45× | -4.84× | ||
| Q1 24 | -0.83× | — |
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
CBZ
| Financial Services | $439.5M | 81% |
| Benefits And Insurance Services | $91.3M | 17% |
| National Practices | $11.9M | 2% |
CTRI
| Master Services Agreement | $660.7M | 77% |
| Non Union Electric Segment | $163.4M | 19% |
| Related Party | $25.6M | 3% |
