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柯蒂斯-莱特（CW）与NEWMARK GROUP, INC.（NMRK）财务数据对比。点击上方公司名可切换其他公司
柯蒂斯-莱特的季度营收约是NEWMARK GROUP, INC.的1.1倍（$947.0M vs $859.5M），柯蒂斯-莱特净利率更高（14.5% vs 7.9%，领先6.6%），NEWMARK GROUP, INC.同比增速更快（18.1% vs 14.9%），NEWMARK GROUP, INC.自由现金流更多（$608.8M vs $315.1M），过去两年NEWMARK GROUP, INC.的营收复合增速更高（38.2% vs 15.2%）
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
CW vs NMRK — 直观对比
营收规模更大
CW
是对方的1.1倍
$859.5M
营收增速更快
NMRK
高出3.3%
14.9%
净利率更高
CW
高出6.6%
7.9%
自由现金流更多
NMRK
多$293.7M
$315.1M
两年增速更快
NMRK
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $947.0M | $859.5M |
| 净利润 | $137.0M | $68.0M |
| 毛利率 | 37.5% | — |
| 营业利润率 | 19.2% | 14.4% |
| 净利率 | 14.5% | 7.9% |
| 营收同比 | 14.9% | 18.1% |
| 净利润同比 | 16.2% | 49.7% |
| 每股收益（稀释后） | $3.69 | $0.37 |
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CWNMRK
| Q4 25 | $947.0M | $859.5M | ||
| Q3 25 | $869.2M | $715.0M | ||
| Q2 25 | $876.6M | $639.6M | ||
| Q1 25 | $805.6M | $556.2M | ||
| Q4 24 | $824.3M | $727.5M | ||
| Q3 24 | $798.9M | $568.0M | ||
| Q2 24 | $784.8M | $527.3M | ||
| Q1 24 | $713.2M | $450.2M |
净利润CWNMRK
| Q4 25 | $137.0M | $68.0M | ||
| Q3 25 | $124.8M | $46.2M | ||
| Q2 25 | $121.1M | $20.8M | ||
| Q1 25 | $101.3M | $-8.8M | ||
| Q4 24 | $117.9M | $45.4M | ||
| Q3 24 | $111.2M | $17.8M | ||
| Q2 24 | $99.5M | $14.3M | ||
| Q1 24 | $76.5M | $-16.3M |
毛利率CWNMRK
| Q4 25 | 37.5% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 36.3% | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 35.6% | — |
营业利润率CWNMRK
| Q4 25 | 19.2% | 14.4% | ||
| Q3 25 | 19.1% | 11.9% | ||
| Q2 25 | 17.8% | 6.7% | ||
| Q1 25 | 16.0% | -3.1% | ||
| Q4 24 | 18.8% | 14.3% | ||
| Q3 24 | 18.1% | 7.2% | ||
| Q2 24 | 16.4% | 7.7% | ||
| Q1 24 | 14.0% | -5.0% |
净利率CWNMRK
| Q4 25 | 14.5% | 7.9% | ||
| Q3 25 | 14.4% | 6.5% | ||
| Q2 25 | 13.8% | 3.3% | ||
| Q1 25 | 12.6% | -1.6% | ||
| Q4 24 | 14.3% | 6.2% | ||
| Q3 24 | 13.9% | 3.1% | ||
| Q2 24 | 12.7% | 2.7% | ||
| Q1 24 | 10.7% | -3.6% |
每股收益（稀释后）CWNMRK
| Q4 25 | $3.69 | $0.37 | ||
| Q3 25 | $3.31 | $0.25 | ||
| Q2 25 | $3.19 | $0.11 | ||
| Q1 25 | $2.68 | $-0.05 | ||
| Q4 24 | $3.09 | $0.25 | ||
| Q3 24 | $2.89 | $0.10 | ||
| Q2 24 | $2.58 | $0.08 | ||
| Q1 24 | $1.99 | $-0.09 |
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 | — | $229.1M |
| 总债务越低越好 | $957.9M | $671.7M |
| 股东权益账面价值 | $2.5B | $1.5B |
| 总资产 | $5.2B | $5.0B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资CWNMRK
| Q4 25 | — | $229.1M | ||
| Q3 25 | — | $224.1M | ||
| Q2 25 | — | $195.8M | ||
| Q1 25 | $226.5M | $157.1M | ||
| Q4 24 | $385.0M | $197.7M | ||
| Q3 24 | — | $178.6M | ||
| Q2 24 | — | $176.4M | ||
| Q1 24 | $338.0M | $140.9M |
总债务CWNMRK
| Q4 25 | $957.9M | $671.7M | ||
| Q3 25 | $968.6M | $746.5M | ||
| Q2 25 | $958.4M | $871.2M | ||
| Q1 25 | $958.6M | $770.9M | ||
| Q4 24 | $1.0B | $670.7M | ||
| Q3 24 | $1.0B | $770.4M | ||
| Q2 24 | $1.0B | $745.2M | ||
| Q1 24 | $1.1B | $670.2M |
股东权益CWNMRK
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.7B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.4B | $1.2B |
总资产CWNMRK
| Q4 25 | $5.2B | $5.0B | ||
| Q3 25 | $5.1B | $5.5B | ||
| Q2 25 | $5.2B | $5.4B | ||
| Q1 25 | $5.0B | $4.8B | ||
| Q4 24 | $5.0B | $4.7B | ||
| Q3 24 | $4.9B | $5.0B | ||
| Q2 24 | $4.7B | $4.8B | ||
| Q1 24 | $4.6B | $4.4B |
负债/权益比CWNMRK
| Q4 25 | 0.38× | 0.46× | ||
| Q3 25 | 0.38× | 0.55× | ||
| Q2 25 | 0.35× | 0.68× | ||
| Q1 25 | 0.37× | 0.58× | ||
| Q4 24 | 0.43× | 0.56× | ||
| Q3 24 | 0.42× | 0.66× | ||
| Q2 24 | 0.43× | 0.62× | ||
| Q1 24 | 0.44× | 0.54× |
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 | $352.7M | $618.5M |
| 自由现金流经营现金流 - 资本支出 | $315.1M | $608.8M |
| 自由现金流率自由现金流/营收 | 33.3% | 70.8% |
| 资本支出强度资本支出/营收 | 4.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.57× | 9.10× |
| 过去12个月自由现金流最近4个季度 | $553.7M | $142.6M |
8季度趋势，按日历期对齐
经营现金流CWNMRK
| Q4 25 | $352.7M | $618.5M | ||
| Q3 25 | $192.8M | $112.6M | ||
| Q2 25 | $136.6M | $-379.7M | ||
| Q1 25 | $-38.8M | $-179.4M | ||
| Q4 24 | $301.3M | $402.6M | ||
| Q3 24 | $177.3M | $-85.2M | ||
| Q2 24 | $111.3M | $-258.5M | ||
| Q1 24 | $-45.6M | $-68.8M |
自由现金流CWNMRK
| Q4 25 | $315.1M | $608.8M | ||
| Q3 25 | $175.9M | $104.9M | ||
| Q2 25 | $117.2M | $-386.2M | ||
| Q1 25 | $-54.5M | $-184.8M | ||
| Q4 24 | $278.0M | $396.6M | ||
| Q3 24 | $162.7M | $-94.4M | ||
| Q2 24 | $100.3M | $-267.8M | ||
| Q1 24 | $-57.7M | $-75.8M |
自由现金流率CWNMRK
| Q4 25 | 33.3% | 70.8% | ||
| Q3 25 | 20.2% | 14.7% | ||
| Q2 25 | 13.4% | -60.4% | ||
| Q1 25 | -6.8% | -33.2% | ||
| Q4 24 | 33.7% | 54.5% | ||
| Q3 24 | 20.4% | -16.6% | ||
| Q2 24 | 12.8% | -50.8% | ||
| Q1 24 | -8.1% | -16.8% |
资本支出强度CWNMRK
| Q4 25 | 4.0% | 1.1% | ||
| Q3 25 | 1.9% | 1.1% | ||
| Q2 25 | 2.2% | 1.0% | ||
| Q1 25 | 2.0% | 1.0% | ||
| Q4 24 | 2.8% | 0.8% | ||
| Q3 24 | 1.8% | 1.6% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 1.7% | 1.6% |
现金转化率CWNMRK
| Q4 25 | 2.57× | 9.10× | ||
| Q3 25 | 1.54× | 2.44× | ||
| Q2 25 | 1.13× | -18.24× | ||
| Q1 25 | -0.38× | — | ||
| Q4 24 | 2.56× | 8.86× | ||
| Q3 24 | 1.59× | -4.79× | ||
| Q2 24 | 1.12× | -18.10× | ||
| Q1 24 | -0.60× | — |
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
CW
| Naval Power | $417.4M | 44% |
| Defense Electronics | $268.3M | 28% |
| Aerospace Industrial | $262.4M | 28% |
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
