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CULLEN/FROST BANKERS, INC.（CFR）与PennyMac Financial Services, Inc.（PFSI）财务数据对比。点击上方公司名可切换其他公司
CULLEN/FROST BANKERS, INC.的季度营收约是PennyMac Financial Services, Inc.的1.1倍（$580.9M vs $538.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 28.6%，领先1723.9%），PennyMac Financial Services, Inc.同比增速更快（14.4% vs 8.3%），CULLEN/FROST BANKERS, INC.自由现金流更多（$127.3M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% vs 7.6%）
Frost Bank是总部位于美国圣安东尼奥的德克萨斯州特许银行，为银行控股公司卡伦/弗罗斯特银行家集团的核心子公司。其在得克萨斯州共设有200家营业网点、1750台自动柜员机，按总资产规模统计位列全美前60大银行之列。
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
CFR vs PFSI — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $580.9M | $538.0M |
| 净利润 | $166.3M | $106.8M |
| 毛利率 | — | — |
| 营业利润率 | 34.1% | 25.0% |
| 净利率 | 28.6% | 1752.5% |
| 营收同比 | 8.3% | 14.4% |
| 净利润同比 | 7.4% | 2.2% |
| 每股收益（稀释后） | $2.56 | $1.97 |
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
| Q4 25 | $580.9M | $538.0M | ||
| Q3 25 | $567.3M | $632.9M | ||
| Q2 25 | $546.9M | $444.7M | ||
| Q1 25 | $540.2M | $430.9M | ||
| Q4 24 | $536.3M | $470.1M | ||
| Q3 24 | $518.0M | $411.8M | ||
| Q2 24 | $507.9M | $406.1M | ||
| Q1 24 | $501.4M | $305.7M |
| Q4 25 | $166.3M | $106.8M | ||
| Q3 25 | $174.4M | $181.5M | ||
| Q2 25 | $157.0M | $136.5M | ||
| Q1 25 | $150.9M | $76.3M | ||
| Q4 24 | $154.9M | $104.5M | ||
| Q3 24 | $146.5M | $69.4M | ||
| Q2 24 | $145.5M | $98.3M | ||
| Q1 24 | $135.7M | $39.3M |
| Q4 25 | 34.1% | 25.0% | ||
| Q3 25 | 36.7% | 37.3% | ||
| Q2 25 | 34.1% | 17.2% | ||
| Q1 25 | 33.2% | 24.2% | ||
| Q4 24 | 34.3% | 27.5% | ||
| Q3 24 | 33.8% | 22.8% | ||
| Q2 24 | 34.5% | 33.0% | ||
| Q1 24 | 32.2% | 14.4% |
| Q4 25 | 28.6% | 1752.5% | ||
| Q3 25 | 30.7% | 28.7% | ||
| Q2 25 | 28.7% | 30.7% | ||
| Q1 25 | 27.9% | 17.7% | ||
| Q4 24 | 28.9% | 2559.8% | ||
| Q3 24 | 28.3% | 16.8% | ||
| Q2 24 | 28.6% | 24.2% | ||
| Q1 24 | 27.1% | 12.9% |
| Q4 25 | $2.56 | $1.97 | ||
| Q3 25 | $2.67 | $3.37 | ||
| Q2 25 | $2.39 | $2.54 | ||
| Q1 25 | $2.30 | $1.42 | ||
| Q4 24 | $2.36 | $1.95 | ||
| Q3 24 | $2.24 | $1.30 | ||
| Q2 24 | $2.21 | $1.85 | ||
| Q1 24 | $2.06 | $0.74 |
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 | — | $410.0M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $4.6B | $4.3B |
| 总资产 | $53.0B | $29.4B |
| 负债/权益比越低杠杆越低 | — | 1.45× |
8季度趋势，按日历期对齐
| Q4 25 | — | $410.0M | ||
| Q3 25 | — | $62.2M | ||
| Q2 25 | — | $462.3M | ||
| Q1 25 | — | $443.4M | ||
| Q4 24 | — | $420.6M | ||
| Q3 24 | — | $667.9M | ||
| Q2 24 | — | $188.8M | ||
| Q1 24 | — | $69.0K |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $4.6B | $4.3B | ||
| Q3 25 | $4.5B | $4.2B | ||
| Q2 25 | $4.2B | $4.0B | ||
| Q1 25 | $4.1B | $3.9B | ||
| Q4 24 | $3.9B | $3.8B | ||
| Q3 24 | $4.1B | $3.7B | ||
| Q2 24 | $3.7B | $3.7B | ||
| Q1 24 | $3.6B | $3.6B |
| Q4 25 | $53.0B | $29.4B | ||
| Q3 25 | $52.5B | $25.4B | ||
| Q2 25 | $51.4B | $24.2B | ||
| Q1 25 | $52.0B | $23.9B | ||
| Q4 24 | $52.5B | $26.1B | ||
| Q3 24 | $51.0B | $22.9B | ||
| Q2 24 | $48.8B | $21.6B | ||
| Q1 24 | $49.5B | $19.8B |
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 1.27× |
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 | $274.0M | $-1.7B |
| 自由现金流经营现金流 - 资本支出 | $127.3M | $-1.7B |
| 自由现金流率自由现金流/营收 | 21.9% | -309.3% |
| 资本支出强度资本支出/营收 | 25.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.65× | -15.46× |
| 过去12个月自由现金流最近4个季度 | $116.4M | $-1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $274.0M | $-1.7B | ||
| Q3 25 | $248.6M | $-697.4M | ||
| Q2 25 | $140.8M | $-131.3M | ||
| Q1 25 | $-296.1M | $1.1B | ||
| Q4 24 | $989.5M | $-4.5B | ||
| Q3 24 | $307.2M | $-393.7M | ||
| Q2 24 | $129.6M | $-1.1B | ||
| Q1 24 | $488.4M | $-897.9M |
| Q4 25 | $127.3M | $-1.7B | ||
| Q3 25 | $211.7M | $-699.4M | ||
| Q2 25 | $114.5M | $-132.6M | ||
| Q1 25 | $-337.1M | $1.1B | ||
| Q4 24 | $861.8M | $-4.5B | ||
| Q3 24 | $281.9M | $-393.9M | ||
| Q2 24 | $103.0M | $-1.1B | ||
| Q1 24 | $450.3M | $-898.9M |
| Q4 25 | 21.9% | -309.3% | ||
| Q3 25 | 37.3% | -110.5% | ||
| Q2 25 | 20.9% | -29.8% | ||
| Q1 25 | -62.4% | 247.3% | ||
| Q4 24 | 160.7% | -964.7% | ||
| Q3 24 | 54.4% | -95.6% | ||
| Q2 24 | 20.3% | -269.2% | ||
| Q1 24 | 89.8% | -294.1% |
| Q4 25 | 25.2% | 2.2% | ||
| Q3 25 | 6.5% | 0.3% | ||
| Q2 25 | 4.8% | 0.3% | ||
| Q1 25 | 7.6% | 0.1% | ||
| Q4 24 | 23.8% | 0.4% | ||
| Q3 24 | 4.9% | 0.0% | ||
| Q2 24 | 5.2% | 0.1% | ||
| Q1 24 | 7.6% | 0.3% |
| Q4 25 | 1.65× | -15.46× | ||
| Q3 25 | 1.43× | -3.84× | ||
| Q2 25 | 0.90× | -0.96× | ||
| Q1 25 | -1.96× | 13.97× | ||
| Q4 24 | 6.39× | -43.39× | ||
| Q3 24 | 2.10× | -5.68× | ||
| Q2 24 | 0.89× | -11.12× | ||
| Q1 24 | 3.60× | -22.84× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
