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凯雷集团（CG）与Floor & Decor Holdings, Inc.（FND）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Floor & Decor Holdings, Inc.的1.7倍（$1.9B vs $1.1B），凯雷集团净利率更高（18.8% vs 3.5%，领先15.4%），凯雷集团同比增速更快（84.1% vs 2.0%），Floor & Decor Holdings, Inc.自由现金流更多（$45.1M vs $-1.2B），过去两年凯雷集团的营收复合增速更高（66.2% vs 1.5%）
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。
Floor & Decor Holdings, Inc.是美国多渠道专业零售企业，对外使用Floor & Decor品牌开展业务，创立于2000年，总部位于美国佐治亚州士麦那，主营各类硬质面地板及相关配套配件，线上线下销售渠道全面覆盖。
CG vs FND — 直观对比
营收规模更大
CG
是对方的1.7倍
$1.1B
营收增速更快
CG
高出82.1%
2.0%
净利率更高
CG
高出15.4%
3.5%
自由现金流更多
FND
多$1.3B
$-1.2B
两年增速更快
CG
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.1B |
| 净利润 | $358.1M | $39.3M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 24.3% | 4.6% |
| 净利率 | 18.8% | 3.5% |
| 营收同比 | 84.1% | 2.0% |
| 净利润同比 | 69.8% | -17.2% |
| 每股收益（稀释后） | $0.96 | $0.36 |
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CGFND
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $332.7M | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $973.1M | $1.2B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $688.4M | $1.1B |
净利润CGFND
| Q4 25 | $358.1M | $39.3M | ||
| Q3 25 | $900.0K | $57.3M | ||
| Q2 25 | $319.7M | $63.2M | ||
| Q1 25 | $130.0M | $48.9M | ||
| Q4 24 | $210.9M | $47.5M | ||
| Q3 24 | $595.7M | $51.7M | ||
| Q2 24 | $148.2M | $56.7M | ||
| Q1 24 | $65.6M | $50.0M |
毛利率CGFND
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 43.9% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 43.5% | ||
| Q2 24 | — | 43.3% | ||
| Q1 24 | — | 42.8% |
营业利润率CGFND
| Q4 25 | 24.3% | 4.6% | ||
| Q3 25 | 25.8% | 6.1% | ||
| Q2 25 | 28.0% | 6.7% | ||
| Q1 25 | 17.6% | 5.5% | ||
| Q4 24 | 25.7% | 5.3% | ||
| Q3 24 | 29.9% | 5.9% | ||
| Q2 24 | 20.5% | 6.3% | ||
| Q1 24 | 17.5% | 5.4% |
净利率CGFND
| Q4 25 | 18.8% | 3.5% | ||
| Q3 25 | 0.3% | 4.9% | ||
| Q2 25 | 20.3% | 5.2% | ||
| Q1 25 | 13.4% | 4.2% | ||
| Q4 24 | 20.4% | 4.3% | ||
| Q3 24 | 22.6% | 4.6% | ||
| Q2 24 | 13.9% | 5.0% | ||
| Q1 24 | 9.5% | 4.6% |
每股收益（稀释后）CGFND
| Q4 25 | $0.96 | $0.36 | ||
| Q3 25 | $0.00 | $0.53 | ||
| Q2 25 | $0.87 | $0.58 | ||
| Q1 25 | $0.35 | $0.45 | ||
| Q4 24 | $0.56 | $0.44 | ||
| Q3 24 | $1.63 | $0.48 | ||
| Q2 24 | $0.40 | $0.52 | ||
| Q1 24 | $0.18 | $0.46 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.1B | $2.4B |
| 总资产 | $29.1B | $5.5B |
| 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CGFND
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $914.8M | — | ||
| Q1 24 | $1.3B | — |
股东权益CGFND
| Q4 25 | $7.1B | $2.4B | ||
| Q3 25 | $6.8B | $2.4B | ||
| Q2 25 | $6.7B | $2.3B | ||
| Q1 25 | $6.4B | $2.2B | ||
| Q4 24 | $6.3B | $2.2B | ||
| Q3 24 | $6.3B | $2.1B | ||
| Q2 24 | $5.7B | $2.0B | ||
| Q1 24 | $5.7B | $2.0B |
总资产CGFND
| Q4 25 | $29.1B | $5.5B | ||
| Q3 25 | $27.1B | $5.5B | ||
| Q2 25 | $25.1B | $5.4B | ||
| Q1 25 | $24.1B | $5.4B | ||
| Q4 24 | $23.1B | $5.1B | ||
| Q3 24 | $22.7B | $4.9B | ||
| Q2 24 | $22.3B | $4.8B | ||
| Q1 24 | $20.8B | $4.7B |
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 | $124.1M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $45.1M |
| 自由现金流率自由现金流/营收 | -65.1% | 4.0% |
| 资本支出强度资本支出/营收 | 2.2% | 7.0% |
| 现金转化率经营现金流/净利润 | -3.34× | 3.15× |
| 过去12个月自由现金流最近4个季度 | $-3.4B | $64.1M |
8季度趋势，按日历期对齐
经营现金流CGFND
| Q4 25 | $-1.2B | $124.1M | ||
| Q3 25 | $-1.6B | $102.5M | ||
| Q2 25 | $-168.8M | $84.1M | ||
| Q1 25 | $-352.1M | $71.2M | ||
| Q4 24 | $-352.8M | $101.4M | ||
| Q3 24 | $791.9M | $160.3M | ||
| Q2 24 | $-1.3B | $194.0M | ||
| Q1 24 | $71.1M | $147.5M |
自由现金流CGFND
| Q4 25 | $-1.2B | $45.1M | ||
| Q3 25 | $-1.6B | $24.5M | ||
| Q2 25 | $-186.3M | $-10.0M | ||
| Q1 25 | $-368.8M | $4.4M | ||
| Q4 24 | $-379.5M | $3.9M | ||
| Q3 24 | $772.8M | $36.5M | ||
| Q2 24 | $-1.3B | $80.0M | ||
| Q1 24 | $56.9M | $35.8M |
自由现金流率CGFND
| Q4 25 | -65.1% | 4.0% | ||
| Q3 25 | -475.7% | 2.1% | ||
| Q2 25 | -11.8% | -0.8% | ||
| Q1 25 | -37.9% | 0.4% | ||
| Q4 24 | -36.8% | 0.4% | ||
| Q3 24 | 29.3% | 3.3% | ||
| Q2 24 | -120.4% | 7.1% | ||
| Q1 24 | 8.3% | 3.3% |
资本支出强度CGFND
| Q4 25 | 2.2% | 7.0% | ||
| Q3 25 | 7.0% | 6.6% | ||
| Q2 25 | 1.1% | 7.8% | ||
| Q1 25 | 1.7% | 5.7% | ||
| Q4 24 | 2.6% | 8.8% | ||
| Q3 24 | 0.7% | 11.1% | ||
| Q2 24 | 1.7% | 10.1% | ||
| Q1 24 | 2.1% | 10.2% |
现金转化率CGFND
| Q4 25 | -3.34× | 3.15× | ||
| Q3 25 | -1732.78× | 1.79× | ||
| Q2 25 | -0.53× | 1.33× | ||
| Q1 25 | -2.71× | 1.46× | ||
| Q4 24 | -1.67× | 2.14× | ||
| Q3 24 | 1.33× | 3.10× | ||
| Q2 24 | -8.57× | 3.42× | ||
| Q1 24 | 1.08× | 2.95× |
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% |
FND
| Laminate And Vinyl | $310.1M | 27% |
| Tile | $259.1M | 23% |
| Installation Materials And Tools | $218.4M | 19% |
| Decorative Accessories And Wall Tile | $177.0M | 16% |
| Wood | $83.2M | 7% |
| Natural Stone | $46.8M | 4% |
| Adjacent Categories | $26.6M | 2% |
| Other | $8.5M | 1% |
