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凯雷集团（CG）与COHEN & STEERS, INC.（CNS）财务数据对比。点击上方公司名可切换其他公司
凯雷集团的季度营收约是COHEN & STEERS, INC.的13.2倍（$1.9B vs $143.8M），COHEN & STEERS, INC.净利率更高（24.3% vs 18.8%，领先5.4%），凯雷集团同比增速更快（84.1% vs 2.9%），COHEN & STEERS, INC.自由现金流更多（$-126.4M vs $-1.2B），过去两年凯雷集团的营收复合增速更高（66.2% vs 8.3%）
凯雷集团是美国知名跨国企业，核心业务涵盖私募股权投资、另类资产管理及金融服务领域。截至2023年，公司管理资产总规模达4260亿美元，是全球另类资管行业的重要参与者。
科恩斯蒂尔是一家美国投资管理企业，专注于通过房地产投资信托（REIT）开展不动产证券投资，同时布局优先证券相关的另类收益类投资业务，在全球不动产和另类收益投资领域拥有专业的运营经验。
CG vs CNS — 直观对比
营收规模更大
CG
是对方的13.2倍
$143.8M
营收增速更快
CG
高出81.3%
2.9%
净利率更高
CNS
高出5.4%
18.8%
自由现金流更多
CNS
多$1.1B
$-1.2B
两年增速更快
CG
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $143.8M |
| 净利润 | $358.1M | $34.9M |
| 毛利率 | — | — |
| 营业利润率 | 24.3% | 28.0% |
| 净利率 | 18.8% | 24.3% |
| 营收同比 | 84.1% | 2.9% |
| 净利润同比 | 69.8% | -23.9% |
| 每股收益（稀释后） | $0.96 | $0.67 |
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CGCNS
| Q4 25 | $1.9B | $143.8M | ||
| Q3 25 | $332.7M | $141.7M | ||
| Q2 25 | $1.6B | $136.1M | ||
| Q1 25 | $973.1M | $134.5M | ||
| Q4 24 | $1.0B | $139.8M | ||
| Q3 24 | $2.6B | $133.2M | ||
| Q2 24 | $1.1B | $121.7M | ||
| Q1 24 | $688.4M | $122.7M |
净利润CGCNS
| Q4 25 | $358.1M | $34.9M | ||
| Q3 25 | $900.0K | $41.7M | ||
| Q2 25 | $319.7M | $36.8M | ||
| Q1 25 | $130.0M | $39.8M | ||
| Q4 24 | $210.9M | $45.8M | ||
| Q3 24 | $595.7M | $39.7M | ||
| Q2 24 | $148.2M | $31.8M | ||
| Q1 24 | $65.6M | $34.0M |
营业利润率CGCNS
| Q4 25 | 24.3% | 28.0% | ||
| Q3 25 | 25.8% | 34.5% | ||
| Q2 25 | 28.0% | 31.8% | ||
| Q1 25 | 17.6% | 33.6% | ||
| Q4 24 | 25.7% | 35.3% | ||
| Q3 24 | 29.9% | 33.7% | ||
| Q2 24 | 20.5% | 31.5% | ||
| Q1 24 | 17.5% | 32.8% |
净利率CGCNS
| Q4 25 | 18.8% | 24.3% | ||
| Q3 25 | 0.3% | 29.4% | ||
| Q2 25 | 20.3% | 27.1% | ||
| Q1 25 | 13.4% | 29.6% | ||
| Q4 24 | 20.4% | 32.8% | ||
| Q3 24 | 22.6% | 29.8% | ||
| Q2 24 | 13.9% | 26.1% | ||
| Q1 24 | 9.5% | 27.7% |
每股收益（稀释后）CGCNS
| Q4 25 | $0.96 | $0.67 | ||
| Q3 25 | $0.00 | $0.81 | ||
| Q2 25 | $0.87 | $0.72 | ||
| Q1 25 | $0.35 | $0.77 | ||
| Q4 24 | $0.56 | $0.89 | ||
| Q3 24 | $1.63 | $0.77 | ||
| Q2 24 | $0.40 | $0.63 | ||
| Q1 24 | $0.18 | $0.68 |
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 | $2.0B | $145.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.1B | $562.0M |
| 总资产 | $29.1B | $876.7M |
| 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CGCNS
| Q4 25 | $2.0B | $145.5M | ||
| Q3 25 | $2.2B | $98.1M | ||
| Q2 25 | $1.3B | $95.4M | ||
| Q1 25 | $1.2B | $65.2M | ||
| Q4 24 | $1.3B | $183.0M | ||
| Q3 24 | $1.4B | $106.5M | ||
| Q2 24 | $914.8M | $122.0M | ||
| Q1 24 | $1.3B | $99.5M |
股东权益CGCNS
| Q4 25 | $7.1B | $562.0M | ||
| Q3 25 | $6.8B | $550.3M | ||
| Q2 25 | $6.7B | $528.5M | ||
| Q1 25 | $6.4B | $507.7M | ||
| Q4 24 | $6.3B | $511.7M | ||
| Q3 24 | $6.3B | $491.0M | ||
| Q2 24 | $5.7B | $463.2M | ||
| Q1 24 | $5.7B | $378.9M |
总资产CGCNS
| Q4 25 | $29.1B | $876.7M | ||
| Q3 25 | $27.1B | $801.6M | ||
| Q2 25 | $25.1B | $751.0M | ||
| Q1 25 | $24.1B | $834.9M | ||
| Q4 24 | $23.1B | $812.4M | ||
| Q3 24 | $22.7B | $727.8M | ||
| Q2 24 | $22.3B | $784.1M | ||
| Q1 24 | $20.8B | $680.7M |
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 | $-1.2B | $-120.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $-126.4M |
| 自由现金流率自由现金流/营收 | -65.1% | -87.9% |
| 资本支出强度资本支出/营收 | 2.2% | 4.2% |
| 现金转化率经营现金流/净利润 | -3.34× | -3.45× |
| 过去12个月自由现金流最近4个季度 | $-3.4B | $-253.6M |
8季度趋势，按日历期对齐
经营现金流CGCNS
| Q4 25 | $-1.2B | $-120.4M | ||
| Q3 25 | $-1.6B | $55.1M | ||
| Q2 25 | $-168.8M | $-67.6M | ||
| Q1 25 | $-352.1M | $-108.9M | ||
| Q4 24 | $-352.8M | $96.7M | ||
| Q3 24 | $791.9M | $25.6M | ||
| Q2 24 | $-1.3B | $31.4M | ||
| Q1 24 | $71.1M | $4.9M |
自由现金流CGCNS
| Q4 25 | $-1.2B | $-126.4M | ||
| Q3 25 | $-1.6B | $52.6M | ||
| Q2 25 | $-186.3M | $-69.8M | ||
| Q1 25 | $-368.8M | $-110.0M | ||
| Q4 24 | $-379.5M | $85.0M | ||
| Q3 24 | $772.8M | $24.2M | ||
| Q2 24 | $-1.3B | $27.1M | ||
| Q1 24 | $56.9M | $537.0K |
自由现金流率CGCNS
| Q4 25 | -65.1% | -87.9% | ||
| Q3 25 | -475.7% | 37.1% | ||
| Q2 25 | -11.8% | -51.3% | ||
| Q1 25 | -37.9% | -81.8% | ||
| Q4 24 | -36.8% | 60.8% | ||
| Q3 24 | 29.3% | 18.2% | ||
| Q2 24 | -120.4% | 22.3% | ||
| Q1 24 | 8.3% | 0.4% |
资本支出强度CGCNS
| Q4 25 | 2.2% | 4.2% | ||
| Q3 25 | 7.0% | 1.8% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 1.7% | 0.8% | ||
| Q4 24 | 2.6% | 8.3% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 1.7% | 3.5% | ||
| Q1 24 | 2.1% | 3.5% |
现金转化率CGCNS
| Q4 25 | -3.34× | -3.45× | ||
| Q3 25 | -1732.78× | 1.32× | ||
| Q2 25 | -0.53× | -1.84× | ||
| Q1 25 | -2.71× | -2.74× | ||
| Q4 24 | -1.67× | 2.11× | ||
| Q3 24 | 1.33× | 0.65× | ||
| Q2 24 | -8.57× | 0.99× | ||
| Q1 24 | 1.08× | 0.14× |
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
CG
| Fund Management Fee | $606.8M | 32% |
| Other | $528.7M | 28% |
| Global Private Equity Segment | $307.3M | 16% |
| Global Credit Segment | $238.0M | 13% |
| Carlyle Alp Invest Segment | $124.6M | 7% |
| Incentive Fee | $55.4M | 3% |
| Fee Related Performance Revenues | $29.2M | 2% |
| Investment Advice | $11.1M | 1% |
CNS
暂无分部数据
