vs
凯雷集团（CG）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC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 8.4%，领先10.4%），凯雷集团同比增速更快（84.1% vs 3.5%），RPM INTERNATIONAL INC自由现金流更多（$296.4M vs $-1.2B），过去两年凯雷集团的营收复合增速更高（66.2% vs 12.0%）
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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
CG vs RPM — 直观对比
营收规模更大
RPM
是对方的1.0倍
$1.9B
营收增速更快
CG
高出80.6%
3.5%
净利率更高
CG
高出10.4%
8.4%
自由现金流更多
RPM
多$1.5B
$-1.2B
两年增速更快
CG
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.9B |
| 净利润 | $358.1M | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 24.3% | 11.0% |
| 净利率 | 18.8% | 8.4% |
| 营收同比 | 84.1% | 3.5% |
| 净利润同比 | 69.8% | -12.0% |
| 每股收益（稀释后） | $0.96 | $1.26 |
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CGRPM
| Q4 25 | $1.9B | $1.9B | ||
| Q3 25 | $332.7M | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $973.1M | $1.5B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $688.4M | $1.5B |
净利润CGRPM
| Q4 25 | $358.1M | $161.2M | ||
| Q3 25 | $900.0K | $227.6M | ||
| Q2 25 | $319.7M | $225.8M | ||
| Q1 25 | $130.0M | $52.0M | ||
| Q4 24 | $210.9M | $183.2M | ||
| Q3 24 | $595.7M | $227.7M | ||
| Q2 24 | $148.2M | $180.6M | ||
| Q1 24 | $65.6M | $61.2M |
毛利率CGRPM
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 39.9% |
营业利润率CGRPM
| Q4 25 | 24.3% | 11.0% | ||
| Q3 25 | 25.8% | 14.1% | ||
| Q2 25 | 28.0% | 11.9% | ||
| Q1 25 | 17.6% | 2.8% | ||
| Q4 24 | 25.7% | 11.5% | ||
| Q3 24 | 29.9% | 14.8% | ||
| Q2 24 | 20.5% | 11.9% | ||
| Q1 24 | 17.5% | 5.5% |
净利率CGRPM
| Q4 25 | 18.8% | 8.4% | ||
| Q3 25 | 0.3% | 10.8% | ||
| Q2 25 | 20.3% | 10.8% | ||
| Q1 25 | 13.4% | 3.5% | ||
| Q4 24 | 20.4% | 9.9% | ||
| Q3 24 | 22.6% | 11.6% | ||
| Q2 24 | 13.9% | 9.0% | ||
| Q1 24 | 9.5% | 4.0% |
每股收益（稀释后）CGRPM
| Q4 25 | $0.96 | $1.26 | ||
| Q3 25 | $0.00 | $1.77 | ||
| Q2 25 | $0.87 | $1.76 | ||
| Q1 25 | $0.35 | $0.40 | ||
| Q4 24 | $0.56 | $1.42 | ||
| Q3 24 | $1.63 | $1.77 | ||
| Q2 24 | $0.40 | $1.40 | ||
| Q1 24 | $0.18 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $7.1B | $3.1B |
| 总资产 | $29.1B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资CGRPM
| Q4 25 | $2.0B | $316.6M | ||
| Q3 25 | $2.2B | $297.1M | ||
| Q2 25 | $1.3B | $302.1M | ||
| Q1 25 | $1.2B | $241.9M | ||
| Q4 24 | $1.3B | $268.7M | ||
| Q3 24 | $1.4B | $231.6M | ||
| Q2 24 | $914.8M | $237.4M | ||
| Q1 24 | $1.3B | $248.9M |
总债务CGRPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益CGRPM
| Q4 25 | $7.1B | $3.1B | ||
| Q3 25 | $6.8B | $3.1B | ||
| Q2 25 | $6.7B | $2.9B | ||
| Q1 25 | $6.4B | $2.7B | ||
| Q4 24 | $6.3B | $2.7B | ||
| Q3 24 | $6.3B | $2.6B | ||
| Q2 24 | $5.7B | $2.5B | ||
| Q1 24 | $5.7B | $2.3B |
总资产CGRPM
| Q4 25 | $29.1B | $7.9B | ||
| Q3 25 | $27.1B | $7.9B | ||
| Q2 25 | $25.1B | $7.8B | ||
| Q1 25 | $24.1B | $6.6B | ||
| Q4 24 | $23.1B | $6.7B | ||
| Q3 24 | $22.7B | $6.6B | ||
| Q2 24 | $22.3B | $6.6B | ||
| Q1 24 | $20.8B | $6.4B |
负债/权益比CGRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $296.4M |
| 自由现金流率自由现金流/营收 | -65.1% | 15.5% |
| 资本支出强度资本支出/营收 | 2.2% | 2.6% |
| 现金转化率经营现金流/净利润 | -3.34× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $-3.4B | $582.9M |
8季度趋势，按日历期对齐
经营现金流CGRPM
| Q4 25 | $-1.2B | $345.7M | ||
| Q3 25 | $-1.6B | $237.5M | ||
| Q2 25 | $-168.8M | $149.2M | ||
| Q1 25 | $-352.1M | $91.5M | ||
| Q4 24 | $-352.8M | $279.4M | ||
| Q3 24 | $791.9M | $248.1M | ||
| Q2 24 | $-1.3B | $181.2M | ||
| Q1 24 | $71.1M | $173.4M |
自由现金流CGRPM
| Q4 25 | $-1.2B | $296.4M | ||
| Q3 25 | $-1.6B | $175.0M | ||
| Q2 25 | $-186.3M | $78.2M | ||
| Q1 25 | $-368.8M | $33.3M | ||
| Q4 24 | $-379.5M | $229.5M | ||
| Q3 24 | $772.8M | $197.3M | ||
| Q2 24 | $-1.3B | $105.3M | ||
| Q1 24 | $56.9M | $124.6M |
自由现金流率CGRPM
| Q4 25 | -65.1% | 15.5% | ||
| Q3 25 | -475.7% | 8.3% | ||
| Q2 25 | -11.8% | 3.8% | ||
| Q1 25 | -37.9% | 2.3% | ||
| Q4 24 | -36.8% | 12.4% | ||
| Q3 24 | 29.3% | 10.0% | ||
| Q2 24 | -120.4% | 5.2% | ||
| Q1 24 | 8.3% | 8.2% |
资本支出强度CGRPM
| Q4 25 | 2.2% | 2.6% | ||
| Q3 25 | 7.0% | 3.0% | ||
| Q2 25 | 1.1% | 3.4% | ||
| Q1 25 | 1.7% | 3.9% | ||
| Q4 24 | 2.6% | 2.7% | ||
| Q3 24 | 0.7% | 2.6% | ||
| Q2 24 | 1.7% | 3.8% | ||
| Q1 24 | 2.1% | 3.2% |
现金转化率CGRPM
| Q4 25 | -3.34× | 2.14× | ||
| Q3 25 | -1732.78× | 1.04× | ||
| Q2 25 | -0.53× | 0.66× | ||
| Q1 25 | -2.71× | 1.76× | ||
| Q4 24 | -1.67× | 1.53× | ||
| Q3 24 | 1.33× | 1.09× | ||
| Q2 24 | -8.57× | 1.00× | ||
| Q1 24 | 1.08× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
