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COHEN & STEERS, INC.（CNS）与BLUE OWL CAPITAL INC.（OWL）财务数据对比。点击上方公司名可切换其他公司
BLUE OWL CAPITAL INC.的季度营收约是COHEN & STEERS, INC.的5.3倍（$755.6M vs $143.8M），COHEN & STEERS, INC.净利率更高（24.3% vs 6.3%，领先17.9%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 2.9%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $-126.4M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs 8.3%）
科恩斯蒂尔是一家美国投资管理企业，专注于通过房地产投资信托（REIT）开展不动产证券投资，同时布局优先证券相关的另类收益类投资业务，在全球不动产和另类收益投资领域拥有专业的运营经验。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
CNS vs OWL — 直观对比
营收规模更大
OWL
是对方的5.3倍
$143.8M
营收增速更快
OWL
高出16.8%
2.9%
净利率更高
CNS
高出17.9%
6.3%
自由现金流更多
OWL
多$485.5M
$-126.4M
两年增速更快
OWL
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.8M | $755.6M |
| 净利润 | $34.9M | $47.7M |
| 毛利率 | — | — |
| 营业利润率 | 28.0% | 22.2% |
| 净利率 | 24.3% | 6.3% |
| 营收同比 | 2.9% | 19.7% |
| 净利润同比 | -23.9% | 129.8% |
| 每股收益（稀释后） | $0.67 | $0.07 |
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CNSOWL
| Q4 25 | $143.8M | $755.6M | ||
| Q3 25 | $141.7M | $728.0M | ||
| Q2 25 | $136.1M | $703.1M | ||
| Q1 25 | $134.5M | $683.5M | ||
| Q4 24 | $139.8M | $631.4M | ||
| Q3 24 | $133.2M | $600.9M | ||
| Q2 24 | $121.7M | $549.8M | ||
| Q1 24 | $122.7M | $513.3M |
净利润CNSOWL
| Q4 25 | $34.9M | $47.7M | ||
| Q3 25 | $41.7M | $6.3M | ||
| Q2 25 | $36.8M | $17.4M | ||
| Q1 25 | $39.8M | $7.4M | ||
| Q4 24 | $45.8M | $20.7M | ||
| Q3 24 | $39.7M | $29.8M | ||
| Q2 24 | $31.8M | $33.9M | ||
| Q1 24 | $34.0M | $25.1M |
营业利润率CNSOWL
| Q4 25 | 28.0% | 22.2% | ||
| Q3 25 | 34.5% | 7.6% | ||
| Q2 25 | 31.8% | 12.0% | ||
| Q1 25 | 33.6% | 5.9% | ||
| Q4 24 | 35.3% | 11.7% | ||
| Q3 24 | 33.7% | 18.7% | ||
| Q2 24 | 31.5% | 28.4% | ||
| Q1 24 | 32.8% | 24.7% |
净利率CNSOWL
| Q4 25 | 24.3% | 6.3% | ||
| Q3 25 | 29.4% | 0.9% | ||
| Q2 25 | 27.1% | 2.5% | ||
| Q1 25 | 29.6% | 1.1% | ||
| Q4 24 | 32.8% | 3.3% | ||
| Q3 24 | 29.8% | 5.0% | ||
| Q2 24 | 26.1% | 6.2% | ||
| Q1 24 | 27.7% | 4.9% |
每股收益（稀释后）CNSOWL
| Q4 25 | $0.67 | $0.07 | ||
| Q3 25 | $0.81 | $0.01 | ||
| Q2 25 | $0.72 | $0.02 | ||
| Q1 25 | $0.77 | $0.00 | ||
| Q4 24 | $0.89 | $0.06 | ||
| Q3 24 | $0.77 | $0.04 | ||
| Q2 24 | $0.63 | $0.06 | ||
| Q1 24 | $0.68 | $0.04 |
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 | $145.5M | $194.5M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $562.0M | $2.2B |
| 总资产 | $876.7M | $12.5B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资CNSOWL
| Q4 25 | $145.5M | $194.5M | ||
| Q3 25 | $98.1M | $137.3M | ||
| Q2 25 | $95.4M | $117.6M | ||
| Q1 25 | $65.2M | $97.6M | ||
| Q4 24 | $183.0M | $152.1M | ||
| Q3 24 | $106.5M | $115.9M | ||
| Q2 24 | $122.0M | $436.8M | ||
| Q1 24 | $99.5M | $155.8M |
总债务CNSOWL
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.1B |
股东权益CNSOWL
| Q4 25 | $562.0M | $2.2B | ||
| Q3 25 | $550.3M | $2.3B | ||
| Q2 25 | $528.5M | $2.4B | ||
| Q1 25 | $507.7M | $2.3B | ||
| Q4 24 | $511.7M | $2.1B | ||
| Q3 24 | $491.0M | $2.0B | ||
| Q2 24 | $463.2M | $1.7B | ||
| Q1 24 | $378.9M | $1.6B |
总资产CNSOWL
| Q4 25 | $876.7M | $12.5B | ||
| Q3 25 | $801.6M | $12.5B | ||
| Q2 25 | $751.0M | $12.3B | ||
| Q1 25 | $834.9M | $12.3B | ||
| Q4 24 | $812.4M | $11.0B | ||
| Q3 24 | $727.8M | $10.8B | ||
| Q2 24 | $784.1M | $9.7B | ||
| Q1 24 | $680.7M | $9.0B |
负债/权益比CNSOWL
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.26× |
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 | $-120.4M | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $-126.4M | $359.1M |
| 自由现金流率自由现金流/营收 | -87.9% | 47.5% |
| 资本支出强度资本支出/营收 | 4.2% | 3.1% |
| 现金转化率经营现金流/净利润 | -3.45× | 8.03× |
| 过去12个月自由现金流最近4个季度 | $-253.6M | $1.2B |
8季度趋势，按日历期对齐
经营现金流CNSOWL
| Q4 25 | $-120.4M | $382.9M | ||
| Q3 25 | $55.1M | $433.1M | ||
| Q2 25 | $-67.6M | $422.5M | ||
| Q1 25 | $-108.9M | $17.6M | ||
| Q4 24 | $96.7M | $324.0M | ||
| Q3 24 | $25.6M | $326.0M | ||
| Q2 24 | $31.4M | $302.3M | ||
| Q1 24 | $4.9M | $47.2M |
自由现金流CNSOWL
| Q4 25 | $-126.4M | $359.1M | ||
| Q3 25 | $52.6M | $422.5M | ||
| Q2 25 | $-69.8M | $412.5M | ||
| Q1 25 | $-110.0M | $4.2M | ||
| Q4 24 | $85.0M | $310.1M | ||
| Q3 24 | $24.2M | $314.8M | ||
| Q2 24 | $27.1M | $269.4M | ||
| Q1 24 | $537.0K | $41.1M |
自由现金流率CNSOWL
| Q4 25 | -87.9% | 47.5% | ||
| Q3 25 | 37.1% | 58.0% | ||
| Q2 25 | -51.3% | 58.7% | ||
| Q1 25 | -81.8% | 0.6% | ||
| Q4 24 | 60.8% | 49.1% | ||
| Q3 24 | 18.2% | 52.4% | ||
| Q2 24 | 22.3% | 49.0% | ||
| Q1 24 | 0.4% | 8.0% |
资本支出强度CNSOWL
| Q4 25 | 4.2% | 3.1% | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 1.6% | 1.4% | ||
| Q1 25 | 0.8% | 2.0% | ||
| Q4 24 | 8.3% | 2.2% | ||
| Q3 24 | 1.1% | 1.9% | ||
| Q2 24 | 3.5% | 6.0% | ||
| Q1 24 | 3.5% | 1.2% |
现金转化率CNSOWL
| Q4 25 | -3.45× | 8.03× | ||
| Q3 25 | 1.32× | 68.64× | ||
| Q2 25 | -1.84× | 24.25× | ||
| Q1 25 | -2.74× | 2.37× | ||
| Q4 24 | 2.11× | 15.62× | ||
| Q3 24 | 0.65× | 10.94× | ||
| Q2 24 | 0.99× | 8.91× | ||
| Q1 24 | 0.14× | 1.88× |
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
CNS
暂无分部数据
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
