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凯雷集团（CG）与DXC Technology Co（DXC）财务数据对比。点击上方公司名可切换其他公司
DXC Technology Co的季度营收约是凯雷集团的1.7倍（$3.2B vs $1.9B），凯雷集团净利率更高（18.8% vs 3.4%，领先15.5%），凯雷集团同比增速更快（84.1% vs -1.0%），DXC Technology Co自由现金流更多（$359.0M vs $-1.2B），过去两年凯雷集团的营收复合增速更高（66.2% vs -2.9%）
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。
DXC Technology是总部位于美国弗吉尼亚州阿什本的跨国信息技术服务与咨询企业，为全球客户提供专业的IT解决方案及相关咨询服务，助力企业实现数字化转型、提升运营效率。
CG vs DXC — 直观对比
营收规模更大
DXC
是对方的1.7倍
$1.9B
营收增速更快
CG
高出85.1%
-1.0%
净利率更高
CG
高出15.5%
3.4%
自由现金流更多
DXC
多$1.6B
$-1.2B
两年增速更快
CG
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.2B |
| 净利润 | $358.1M | $107.0M |
| 毛利率 | — | — |
| 营业利润率 | 24.3% | 8.2% |
| 净利率 | 18.8% | 3.4% |
| 营收同比 | 84.1% | -1.0% |
| 净利润同比 | 69.8% | 87.7% |
| 每股收益（稀释后） | $0.96 | $0.61 |
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CGDXC
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $332.7M | $3.2B | ||
| Q2 25 | $1.6B | $3.2B | ||
| Q1 25 | $973.1M | $3.2B | ||
| Q4 24 | $1.0B | $3.2B | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $1.1B | $3.2B | ||
| Q1 24 | $688.4M | $3.4B |
净利润CGDXC
| Q4 25 | $358.1M | $107.0M | ||
| Q3 25 | $900.0K | $36.0M | ||
| Q2 25 | $319.7M | $16.0M | ||
| Q1 25 | $130.0M | $264.0M | ||
| Q4 24 | $210.9M | $57.0M | ||
| Q3 24 | $595.7M | $42.0M | ||
| Q2 24 | $148.2M | $26.0M | ||
| Q1 24 | $65.6M | $-200.0M |
营业利润率CGDXC
| Q4 25 | 24.3% | 8.2% | ||
| Q3 25 | 25.8% | 8.0% | ||
| Q2 25 | 28.0% | 6.8% | ||
| Q1 25 | 17.6% | 7.3% | ||
| Q4 24 | 25.7% | 8.9% | ||
| Q3 24 | 29.9% | 8.6% | ||
| Q2 24 | 20.5% | 6.9% | ||
| Q1 24 | 17.5% | 8.2% |
净利率CGDXC
| Q4 25 | 18.8% | 3.4% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 20.3% | 0.5% | ||
| Q1 25 | 13.4% | 8.3% | ||
| Q4 24 | 20.4% | 1.8% | ||
| Q3 24 | 22.6% | 1.3% | ||
| Q2 24 | 13.9% | 0.8% | ||
| Q1 24 | 9.5% | -5.9% |
每股收益（稀释后）CGDXC
| Q4 25 | $0.96 | $0.61 | ||
| Q3 25 | $0.00 | $0.20 | ||
| Q2 25 | $0.87 | $0.09 | ||
| Q1 25 | $0.35 | $1.42 | ||
| Q4 24 | $0.56 | $0.31 | ||
| Q3 24 | $1.63 | $0.23 | ||
| Q2 24 | $0.40 | $0.14 | ||
| Q1 24 | $0.18 | $-1.01 |
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 | $1.7B |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $7.1B | $3.1B |
| 总资产 | $29.1B | $13.2B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资CGDXC
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $914.8M | $1.3B | ||
| Q1 24 | $1.3B | $1.2B |
总债务CGDXC
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.8B |
股东权益CGDXC
| Q4 25 | $7.1B | $3.1B | ||
| Q3 25 | $6.8B | $3.1B | ||
| Q2 25 | $6.7B | $3.2B | ||
| Q1 25 | $6.4B | $3.2B | ||
| Q4 24 | $6.3B | $3.0B | ||
| Q3 24 | $6.3B | $3.0B | ||
| Q2 24 | $5.7B | $2.9B | ||
| Q1 24 | $5.7B | $2.8B |
总资产CGDXC
| Q4 25 | $29.1B | $13.2B | ||
| Q3 25 | $27.1B | $13.6B | ||
| Q2 25 | $25.1B | $13.4B | ||
| Q1 25 | $24.1B | $13.2B | ||
| Q4 24 | $23.1B | $13.0B | ||
| Q3 24 | $22.7B | $13.5B | ||
| Q2 24 | $22.3B | $13.4B | ||
| Q1 24 | $20.8B | $13.9B |
负债/权益比CGDXC
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 1.36× |
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 | $414.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $359.0M |
| 自由现金流率自由现金流/营收 | -65.1% | 11.2% |
| 资本支出强度资本支出/营收 | 2.2% | 1.7% |
| 现金转化率经营现金流/净利润 | -3.34× | 3.87× |
| 过去12个月自由现金流最近4个季度 | $-3.4B | $1.1B |
8季度趋势，按日历期对齐
经营现金流CGDXC
| Q4 25 | $-1.2B | $414.0M | ||
| Q3 25 | $-1.6B | $409.0M | ||
| Q2 25 | $-168.8M | $186.0M | ||
| Q1 25 | $-352.1M | $315.0M | ||
| Q4 24 | $-352.8M | $650.0M | ||
| Q3 24 | $791.9M | $195.0M | ||
| Q2 24 | $-1.3B | $238.0M | ||
| Q1 24 | $71.1M | $280.0M |
自由现金流CGDXC
| Q4 25 | $-1.2B | $359.0M | ||
| Q3 25 | $-1.6B | $365.0M | ||
| Q2 25 | $-186.3M | $143.0M | ||
| Q1 25 | $-368.8M | $238.0M | ||
| Q4 24 | $-379.5M | $568.0M | ||
| Q3 24 | $772.8M | $154.0M | ||
| Q2 24 | $-1.3B | $190.0M | ||
| Q1 24 | $56.9M | $242.0M |
自由现金流率CGDXC
| Q4 25 | -65.1% | 11.2% | ||
| Q3 25 | -475.7% | 11.5% | ||
| Q2 25 | -11.8% | 4.5% | ||
| Q1 25 | -37.9% | 7.5% | ||
| Q4 24 | -36.8% | 17.6% | ||
| Q3 24 | 29.3% | 4.8% | ||
| Q2 24 | -120.4% | 5.9% | ||
| Q1 24 | 8.3% | 7.1% |
资本支出强度CGDXC
| Q4 25 | 2.2% | 1.7% | ||
| Q3 25 | 7.0% | 1.4% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | 1.7% | 2.4% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 0.7% | 1.3% | ||
| Q2 24 | 1.7% | 1.5% | ||
| Q1 24 | 2.1% | 1.1% |
现金转化率CGDXC
| Q4 25 | -3.34× | 3.87× | ||
| Q3 25 | -1732.78× | 11.36× | ||
| Q2 25 | -0.53× | 11.63× | ||
| Q1 25 | -2.71× | 1.19× | ||
| Q4 24 | -1.67× | 11.40× | ||
| Q3 24 | 1.33× | 4.64× | ||
| Q2 24 | -8.57× | 9.15× | ||
| Q1 24 | 1.08× | — |
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% |
DXC
| GIS Segment | $1.6B | 50% |
| CES Segment | $1.3B | 40% |
| Insurance Segment | $321.0M | 10% |
