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凯雷集团（CG）与JBT Marel Corp（JBTM）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JBT Marel Corp的1.9倍（$1.9B vs $1.0B），凯雷集团净利率更高（18.8% vs 5.3%，领先13.6%），JBT Marel Corp同比增速更快（115.6% vs 84.1%），JBT Marel Corp自由现金流更多（$83.5M vs $-1.2B），过去两年凯雷集团的营收复合增速更高（66.2% vs 60.3%）
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。
JBT Marel Corp（原称JBT公司、约翰宾技术公司）是主营食品加工机械及自动化车辆的企业，2008年由FMC技术公司拆分非能源业务独立注册成立，总部位于美国伊利诺伊州芝加哥，发展历史可追溯至1884年加州洛斯加托斯果园主约翰·宾创办的企业。
CG vs JBTM — 直观对比
营收规模更大
CG
是对方的1.9倍
$1.0B
营收增速更快
JBTM
高出31.4%
84.1%
净利率更高
CG
高出13.6%
5.3%
自由现金流更多
JBTM
多$1.3B
$-1.2B
两年增速更快
CG
近两年复合增速
60.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.0B |
| 净利润 | $358.1M | $53.1M |
| 毛利率 | — | 34.5% |
| 营业利润率 | 24.3% | 7.2% |
| 净利率 | 18.8% | 5.3% |
| 营收同比 | 84.1% | 115.6% |
| 净利润同比 | 69.8% | 858.6% |
| 每股收益（稀释后） | $0.96 | $1.04 |
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CGJBTM
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $332.7M | $1.0B | ||
| Q2 25 | $1.6B | $934.8M | ||
| Q1 25 | $973.1M | $854.1M | ||
| Q4 24 | $1.0B | $467.6M | ||
| Q3 24 | $2.6B | $453.8M | ||
| Q2 24 | $1.1B | $402.3M | ||
| Q1 24 | $688.4M | $392.3M |
净利润CGJBTM
| Q4 25 | $358.1M | $53.1M | ||
| Q3 25 | $900.0K | $66.0M | ||
| Q2 25 | $319.7M | $3.4M | ||
| Q1 25 | $130.0M | $-173.0M | ||
| Q4 24 | $210.9M | $-7.0M | ||
| Q3 24 | $595.7M | $38.9M | ||
| Q2 24 | $148.2M | $30.7M | ||
| Q1 24 | $65.6M | $22.8M |
毛利率CGJBTM
| Q4 25 | — | 34.5% | ||
| Q3 25 | — | 35.9% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.8% |
营业利润率CGJBTM
| Q4 25 | 24.3% | 7.2% | ||
| Q3 25 | 25.8% | 10.2% | ||
| Q2 25 | 28.0% | 5.2% | ||
| Q1 25 | 17.6% | -3.9% | ||
| Q4 24 | 25.7% | 3.4% | ||
| Q3 24 | 29.9% | 10.3% | ||
| Q2 24 | 20.5% | 6.7% | ||
| Q1 24 | 17.5% | 7.4% |
净利率CGJBTM
| Q4 25 | 18.8% | 5.3% | ||
| Q3 25 | 0.3% | 6.6% | ||
| Q2 25 | 20.3% | 0.4% | ||
| Q1 25 | 13.4% | -20.3% | ||
| Q4 24 | 20.4% | -1.5% | ||
| Q3 24 | 22.6% | 8.6% | ||
| Q2 24 | 13.9% | 7.6% | ||
| Q1 24 | 9.5% | 5.8% |
每股收益（稀释后）CGJBTM
| Q4 25 | $0.96 | $1.04 | ||
| Q3 25 | $0.00 | $1.26 | ||
| Q2 25 | $0.87 | $0.07 | ||
| Q1 25 | $0.35 | $-3.35 | ||
| Q4 24 | $0.56 | $-0.22 | ||
| Q3 24 | $1.63 | $1.21 | ||
| Q2 24 | $0.40 | $0.95 | ||
| Q1 24 | $0.18 | $0.71 |
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 | $167.9M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $7.1B | $4.5B |
| 总资产 | $29.1B | $8.2B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资CGJBTM
| Q4 25 | $2.0B | $167.9M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $914.8M | — | ||
| Q1 24 | $1.3B | — |
总债务CGJBTM
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $648.3M | ||
| Q2 24 | — | $647.7M | ||
| Q1 24 | — | $647.0M |
股东权益CGJBTM
| Q4 25 | $7.1B | $4.5B | ||
| Q3 25 | $6.8B | $4.4B | ||
| Q2 25 | $6.7B | $4.4B | ||
| Q1 25 | $6.4B | $4.1B | ||
| Q4 24 | $6.3B | $1.5B | ||
| Q3 24 | $6.3B | $1.6B | ||
| Q2 24 | $5.7B | $1.5B | ||
| Q1 24 | $5.7B | $1.5B |
总资产CGJBTM
| Q4 25 | $29.1B | $8.2B | ||
| Q3 25 | $27.1B | $8.2B | ||
| Q2 25 | $25.1B | $8.3B | ||
| Q1 25 | $24.1B | $8.0B | ||
| Q4 24 | $23.1B | $3.4B | ||
| Q3 24 | $22.7B | $2.8B | ||
| Q2 24 | $22.3B | $2.7B | ||
| Q1 24 | $20.8B | $2.7B |
负债/权益比CGJBTM
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.43× |
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 | $117.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $83.5M |
| 自由现金流率自由现金流/营收 | -65.1% | 8.3% |
| 资本支出强度资本支出/营收 | 2.2% | 3.4% |
| 现金转化率经营现金流/净利润 | -3.34× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $-3.4B | $238.1M |
8季度趋势，按日历期对齐
经营现金流CGJBTM
| Q4 25 | $-1.2B | $117.4M | ||
| Q3 25 | $-1.6B | $87.7M | ||
| Q2 25 | $-168.8M | $102.2M | ||
| Q1 25 | $-352.1M | $34.4M | ||
| Q4 24 | $-352.8M | $128.7M | ||
| Q3 24 | $791.9M | $71.9M | ||
| Q2 24 | $-1.3B | $21.6M | ||
| Q1 24 | $71.1M | $10.4M |
自由现金流CGJBTM
| Q4 25 | $-1.2B | $83.5M | ||
| Q3 25 | $-1.6B | $56.5M | ||
| Q2 25 | $-186.3M | $83.7M | ||
| Q1 25 | $-368.8M | $14.4M | ||
| Q4 24 | $-379.5M | $118.7M | ||
| Q3 24 | $772.8M | $65.0M | ||
| Q2 24 | $-1.3B | $11.1M | ||
| Q1 24 | $56.9M | $-100.0K |
自由现金流率CGJBTM
| Q4 25 | -65.1% | 8.3% | ||
| Q3 25 | -475.7% | 5.6% | ||
| Q2 25 | -11.8% | 9.0% | ||
| Q1 25 | -37.9% | 1.7% | ||
| Q4 24 | -36.8% | 25.4% | ||
| Q3 24 | 29.3% | 14.3% | ||
| Q2 24 | -120.4% | 2.8% | ||
| Q1 24 | 8.3% | -0.0% |
资本支出强度CGJBTM
| Q4 25 | 2.2% | 3.4% | ||
| Q3 25 | 7.0% | 3.1% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 1.7% | 2.3% | ||
| Q4 24 | 2.6% | 2.1% | ||
| Q3 24 | 0.7% | 1.5% | ||
| Q2 24 | 1.7% | 2.6% | ||
| Q1 24 | 2.1% | 2.7% |
现金转化率CGJBTM
| Q4 25 | -3.34× | 2.21× | ||
| Q3 25 | -1732.78× | 1.33× | ||
| Q2 25 | -0.53× | 30.06× | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | — | ||
| Q3 24 | 1.33× | 1.85× | ||
| Q2 24 | -8.57× | 0.70× | ||
| Q1 24 | 1.08× | 0.46× |
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% |
JBTM
暂无分部数据
