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凯雷集团（CG）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是凯雷集团的1.0倍（$1.9B vs $1.9B），凯雷集团净利率更高（18.8% vs 11.9%，领先6.9%），凯雷集团同比增速更快（84.1% vs 6.5%），过去两年凯雷集团的营收复合增速更高（66.2% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
CG vs MAS — 直观对比
营收规模更大
MAS
是对方的1.0倍
$1.9B
营收增速更快
CG
高出77.6%
6.5%
净利率更高
CG
高出6.9%
11.9%
两年增速更快
CG
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $358.1M | $228.0M |
| 毛利率 | — | 35.8% |
| 营业利润率 | 24.3% | 16.5% |
| 净利率 | 18.8% | 11.9% |
| 营收同比 | 84.1% | 6.5% |
| 净利润同比 | 69.8% | 14.5% |
| 每股收益（稀释后） | $0.96 | — |
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CGMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $332.7M | $1.9B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $973.1M | $1.8B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B |
净利润CGMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $358.1M | $165.0M | ||
| Q3 25 | $900.0K | $189.0M | ||
| Q2 25 | $319.7M | $270.0M | ||
| Q1 25 | $130.0M | $186.0M | ||
| Q4 24 | $210.9M | $182.0M | ||
| Q3 24 | $595.7M | $167.0M | ||
| Q2 24 | $148.2M | $258.0M |
毛利率CGMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% |
营业利润率CGMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 24.3% | 13.8% | ||
| Q3 25 | 25.8% | 15.8% | ||
| Q2 25 | 28.0% | 20.1% | ||
| Q1 25 | 17.6% | 15.9% | ||
| Q4 24 | 25.7% | 15.9% | ||
| Q3 24 | 29.9% | 18.0% | ||
| Q2 24 | 20.5% | 19.0% |
净利率CGMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 18.8% | 9.2% | ||
| Q3 25 | 0.3% | 9.9% | ||
| Q2 25 | 20.3% | 13.2% | ||
| Q1 25 | 13.4% | 10.3% | ||
| Q4 24 | 20.4% | 10.0% | ||
| Q3 24 | 22.6% | 8.4% | ||
| Q2 24 | 13.9% | 12.3% |
每股收益（稀释后）CGMAS
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.81 | ||
| Q3 25 | $0.00 | $0.90 | ||
| Q2 25 | $0.87 | $1.28 | ||
| Q1 25 | $0.35 | $0.87 | ||
| Q4 24 | $0.56 | $0.85 | ||
| Q3 24 | $1.63 | $0.77 | ||
| Q2 24 | $0.40 | $1.17 |
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 | — | $2.9B |
| 股东权益账面价值 | $7.1B | $27.0M |
| 总资产 | $29.1B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资CGMAS
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $647.0M | ||
| Q3 25 | $2.2B | $559.0M | ||
| Q2 25 | $1.3B | $390.0M | ||
| Q1 25 | $1.2B | $377.0M | ||
| Q4 24 | $1.3B | $634.0M | ||
| Q3 24 | $1.4B | $646.0M | ||
| Q2 24 | $914.8M | $398.0M |
总债务CGMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CGMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $7.1B | $-185.0M | ||
| Q3 25 | $6.8B | $-78.0M | ||
| Q2 25 | $6.7B | $-84.0M | ||
| Q1 25 | $6.4B | $-254.0M | ||
| Q4 24 | $6.3B | $-279.0M | ||
| Q3 24 | $6.3B | $-88.0M | ||
| Q2 24 | $5.7B | $-26.0M |
总资产CGMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $29.1B | $5.2B | ||
| Q3 25 | $27.1B | $5.3B | ||
| Q2 25 | $25.1B | $5.3B | ||
| Q1 25 | $24.1B | $5.1B | ||
| Q4 24 | $23.1B | $5.0B | ||
| Q3 24 | $22.7B | $5.3B | ||
| Q2 24 | $22.3B | $5.4B |
负债/权益比CGMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | — |
| 自由现金流率自由现金流/营收 | -65.1% | — |
| 资本支出强度资本支出/营收 | 2.2% | 1.8% |
| 现金转化率经营现金流/净利润 | -3.34× | — |
| 过去12个月自由现金流最近4个季度 | $-3.4B | — |
8季度趋势，按日历期对齐
经营现金流CGMAS
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $418.0M | ||
| Q3 25 | $-1.6B | $456.0M | ||
| Q2 25 | $-168.8M | $306.0M | ||
| Q1 25 | $-352.1M | $-158.0M | ||
| Q4 24 | $-352.8M | $407.0M | ||
| Q3 24 | $791.9M | $416.0M | ||
| Q2 24 | $-1.3B | $346.0M |
自由现金流CGMAS
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $371.0M | ||
| Q3 25 | $-1.6B | $415.0M | ||
| Q2 25 | $-186.3M | $270.0M | ||
| Q1 25 | $-368.8M | $-190.0M | ||
| Q4 24 | $-379.5M | $351.0M | ||
| Q3 24 | $772.8M | $378.0M | ||
| Q2 24 | $-1.3B | $303.0M |
自由现金流率CGMAS
| Q1 26 | — | — | ||
| Q4 25 | -65.1% | 20.7% | ||
| Q3 25 | -475.7% | 21.6% | ||
| Q2 25 | -11.8% | 13.2% | ||
| Q1 25 | -37.9% | -10.5% | ||
| Q4 24 | -36.8% | 19.2% | ||
| Q3 24 | 29.3% | 19.1% | ||
| Q2 24 | -120.4% | 14.5% |
资本支出强度CGMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 2.2% | 2.6% | ||
| Q3 25 | 7.0% | 2.1% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 1.7% | 1.8% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 0.7% | 1.9% | ||
| Q2 24 | 1.7% | 2.1% |
现金转化率CGMAS
| Q1 26 | — | — | ||
| Q4 25 | -3.34× | 2.53× | ||
| Q3 25 | -1732.78× | 2.41× | ||
| Q2 25 | -0.53× | 1.13× | ||
| Q1 25 | -2.71× | -0.85× | ||
| Q4 24 | -1.67× | 2.24× | ||
| Q3 24 | 1.33× | 2.49× | ||
| Q2 24 | -8.57× | 1.34× |
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% |
MAS
暂无分部数据
