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凯雷集团（CG）与Evercore Inc.（EVR）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Evercore Inc.的1.5倍（$1.9B vs $1.3B）。凯雷集团净利率更高（18.8% vs 15.7%，领先3.1%）。凯雷集团同比增速更快（84.1% vs 32.4%）。Evercore Inc.自由现金流更多（$798.6M vs $-1.2B）。过去两年凯雷集团的营收复合增速更高（66.2% vs 48.9%）
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。
Evercore Inc.（前称Evercore Partners）是1995年由罗杰·奥尔特曼、大卫·奥芬森德、奥斯汀·博伊特纳联合创立的全球独立投资银行咨询机构。成立至今，公司已为总规模超4.7万亿美元的并购、重组交易提供专业咨询服务，在全球投行业务领域拥有较高声誉。
CG vs EVR — 直观对比
营收规模更大
CG
是对方的1.5倍
$1.3B
营收增速更快
CG
高出51.7%
32.4%
净利率更高
CG
高出3.1%
15.7%
自由现金流更多
EVR
多$2.0B
$-1.2B
两年增速更快
CG
近两年复合增速
48.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.3B |
| 净利润 | $358.1M | $204.0M |
| 毛利率 | — | — |
| 营业利润率 | 24.3% | 24.2% |
| 净利率 | 18.8% | 15.7% |
| 营收同比 | 84.1% | 32.4% |
| 净利润同比 | 69.8% | 45.2% |
| 每股收益（稀释后） | $0.96 | $4.80 |
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CGEVR
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $332.7M | $1.0B | ||
| Q2 25 | $1.6B | $838.0M | ||
| Q1 25 | $973.1M | $699.0M | ||
| Q4 24 | $1.0B | $979.5M | ||
| Q3 24 | $2.6B | $738.4M | ||
| Q2 24 | $1.1B | $693.4M | ||
| Q1 24 | $688.4M | $585.0M |
净利润CGEVR
| Q4 25 | $358.1M | $204.0M | ||
| Q3 25 | $900.0K | $144.6M | ||
| Q2 25 | $319.7M | $97.2M | ||
| Q1 25 | $130.0M | $146.2M | ||
| Q4 24 | $210.9M | $140.4M | ||
| Q3 24 | $595.7M | $78.4M | ||
| Q2 24 | $148.2M | $73.8M | ||
| Q1 24 | $65.6M | $85.7M |
营业利润率CGEVR
| Q4 25 | 24.3% | 24.2% | ||
| Q3 25 | 25.8% | 20.8% | ||
| Q2 25 | 28.0% | 18.0% | ||
| Q1 25 | 17.6% | 16.0% | ||
| Q4 24 | 25.7% | 21.8% | ||
| Q3 24 | 29.9% | 16.7% | ||
| Q2 24 | 20.5% | 15.9% | ||
| Q1 24 | 17.5% | 14.8% |
净利率CGEVR
| Q4 25 | 18.8% | 15.7% | ||
| Q3 25 | 0.3% | 13.8% | ||
| Q2 25 | 20.3% | 11.6% | ||
| Q1 25 | 13.4% | 20.9% | ||
| Q4 24 | 20.4% | 14.3% | ||
| Q3 24 | 22.6% | 10.6% | ||
| Q2 24 | 13.9% | 10.6% | ||
| Q1 24 | 9.5% | 14.6% |
每股收益（稀释后）CGEVR
| Q4 25 | $0.96 | $4.80 | ||
| Q3 25 | $0.00 | $3.41 | ||
| Q2 25 | $0.87 | $2.36 | ||
| Q1 25 | $0.35 | $3.48 | ||
| Q4 24 | $0.56 | $3.32 | ||
| Q3 24 | $1.63 | $1.86 | ||
| Q2 24 | $0.40 | $1.81 | ||
| Q1 24 | $0.18 | $2.09 |
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 | $3.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.1B | $2.0B |
| 总资产 | $29.1B | $5.4B |
| 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CGEVR
| Q4 25 | $2.0B | $3.0B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $914.8M | $1.7B | ||
| Q1 24 | $1.3B | $1.4B |
股东权益CGEVR
| Q4 25 | $7.1B | $2.0B | ||
| Q3 25 | $6.8B | $1.8B | ||
| Q2 25 | $6.7B | $1.7B | ||
| Q1 25 | $6.4B | $1.5B | ||
| Q4 24 | $6.3B | $1.7B | ||
| Q3 24 | $6.3B | $1.6B | ||
| Q2 24 | $5.7B | $1.5B | ||
| Q1 24 | $5.7B | $1.4B |
总资产CGEVR
| Q4 25 | $29.1B | $5.4B | ||
| Q3 25 | $27.1B | $4.4B | ||
| Q2 25 | $25.1B | $3.7B | ||
| Q1 25 | $24.1B | $3.3B | ||
| Q4 24 | $23.1B | $4.2B | ||
| Q3 24 | $22.7B | $3.6B | ||
| Q2 24 | $22.3B | $3.3B | ||
| Q1 24 | $20.8B | $3.0B |
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 | $807.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $798.6M |
| 自由现金流率自由现金流/营收 | -65.1% | 61.6% |
| 资本支出强度资本支出/营收 | 2.2% | 0.7% |
| 现金转化率经营现金流/净利润 | -3.34× | 3.96× |
| 过去12个月自由现金流最近4个季度 | $-3.4B | $1.2B |
8季度趋势，按日历期对齐
经营现金流CGEVR
| Q4 25 | $-1.2B | $807.5M | ||
| Q3 25 | $-1.6B | $560.9M | ||
| Q2 25 | $-168.8M | $437.7M | ||
| Q1 25 | $-352.1M | $-549.7M | ||
| Q4 24 | $-352.8M | $686.4M | ||
| Q3 24 | $791.9M | $234.5M | ||
| Q2 24 | $-1.3B | $348.5M | ||
| Q1 24 | $71.1M | $-281.2M |
自由现金流CGEVR
| Q4 25 | $-1.2B | $798.6M | ||
| Q3 25 | $-1.6B | $541.5M | ||
| Q2 25 | $-186.3M | $411.7M | ||
| Q1 25 | $-368.8M | $-569.3M | ||
| Q4 24 | $-379.5M | $673.1M | ||
| Q3 24 | $772.8M | $226.6M | ||
| Q2 24 | $-1.3B | $340.7M | ||
| Q1 24 | $56.9M | $-282.3M |
自由现金流率CGEVR
| Q4 25 | -65.1% | 61.6% | ||
| Q3 25 | -475.7% | 51.8% | ||
| Q2 25 | -11.8% | 49.1% | ||
| Q1 25 | -37.9% | -81.4% | ||
| Q4 24 | -36.8% | 68.7% | ||
| Q3 24 | 29.3% | 30.7% | ||
| Q2 24 | -120.4% | 49.1% | ||
| Q1 24 | 8.3% | -48.3% |
资本支出强度CGEVR
| Q4 25 | 2.2% | 0.7% | ||
| Q3 25 | 7.0% | 1.9% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.7% | 2.8% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 1.7% | 1.1% | ||
| Q1 24 | 2.1% | 0.2% |
现金转化率CGEVR
| Q4 25 | -3.34× | 3.96× | ||
| Q3 25 | -1732.78× | 3.88× | ||
| Q2 25 | -0.53× | 4.50× | ||
| Q1 25 | -2.71× | -3.76× | ||
| Q4 24 | -1.67× | 4.89× | ||
| Q3 24 | 1.33× | 2.99× | ||
| Q2 24 | -8.57× | 4.72× | ||
| Q1 24 | 1.08× | -3.28× |
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% |
EVR
| Advisory Fees | $1.1B | 87% |
| Commissions And Related Revenue | $66.5M | 5% |
| Underwriting Fees | $49.5M | 4% |
| Other | $29.6M | 2% |
| Investment Management | $23.2M | 2% |
