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戴德梁行（CWK）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
戴德梁行的季度营收约是Rocket Companies, Inc.的1.1倍（$2.9B vs $2.7B），Rocket Companies, Inc.净利率更高（2.5% vs -0.8%，领先3.3%），Rocket Companies, Inc.同比增速更快（52.2% vs 10.8%），戴德梁行自由现金流更多（$234.3M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 15.5%）
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
CWK vs RKT — 直观对比
营收规模更大
CWK
是对方的1.1倍
$2.7B
营收增速更快
RKT
高出41.3%
10.8%
净利率更高
RKT
高出3.3%
-0.8%
自由现金流更多
CWK
多$1.5B
$-1.3B
两年增速更快
RKT
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.7B |
| 净利润 | $-22.4M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.1% | 6.3% |
| 净利率 | -0.8% | 2.5% |
| 营收同比 | 10.8% | 52.2% |
| 净利润同比 | -119.8% | 100.8% |
| 每股收益（稀释后） | $-0.10 | $0.10 |
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CWKRKT
| Q4 25 | $2.9B | $2.7B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.3B | $1.0B | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.3B | $646.9M | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.2B | $1.4B |
净利润CWKRKT
| Q4 25 | $-22.4M | $68.0M | ||
| Q3 25 | $51.4M | $-123.9M | ||
| Q2 25 | $57.3M | $-1.8M | ||
| Q1 25 | $1.9M | $-10.4M | ||
| Q4 24 | $112.9M | $33.9M | ||
| Q3 24 | $33.7M | $-22.0M | ||
| Q2 24 | $13.5M | $1.3M | ||
| Q1 24 | $-28.8M | $16.2M |
毛利率CWKRKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率CWKRKT
| Q4 25 | 6.1% | 6.3% | ||
| Q3 25 | 4.1% | -11.5% | ||
| Q2 25 | 4.9% | 1.8% | ||
| Q1 25 | 2.0% | -21.5% | ||
| Q4 24 | 6.6% | 38.1% | ||
| Q3 24 | 3.2% | -76.9% | ||
| Q2 24 | 3.1% | 14.8% | ||
| Q1 24 | 0.9% | 21.6% |
净利率CWKRKT
| Q4 25 | -0.8% | 2.5% | ||
| Q3 25 | 2.0% | -7.7% | ||
| Q2 25 | 2.3% | -0.1% | ||
| Q1 25 | 0.1% | -1.0% | ||
| Q4 24 | 4.3% | 1.9% | ||
| Q3 24 | 1.4% | -3.4% | ||
| Q2 24 | 0.6% | 0.1% | ||
| Q1 24 | -1.3% | 1.2% |
每股收益（稀释后）CWKRKT
| Q4 25 | $-0.10 | $0.10 | ||
| Q3 25 | $0.22 | $-0.06 | ||
| Q2 25 | $0.25 | $-0.01 | ||
| Q1 25 | $0.01 | $-0.08 | ||
| Q4 24 | $0.49 | $0.28 | ||
| Q3 24 | $0.14 | $-0.19 | ||
| Q2 24 | $0.06 | $0.01 | ||
| Q1 24 | $-0.13 | $0.11 |
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 | $784.2M | $2.7B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.0B | $22.9B |
| 总资产 | $7.7B | $60.7B |
| 负债/权益比越低杠杆越低 | 1.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CWKRKT
| Q4 25 | $784.2M | $2.7B | ||
| Q3 25 | $634.4M | $5.8B | ||
| Q2 25 | $618.2M | $5.1B | ||
| Q1 25 | $623.2M | $1.4B | ||
| Q4 24 | $793.3M | $1.3B | ||
| Q3 24 | $775.4M | $1.2B | ||
| Q2 24 | $567.3M | $1.3B | ||
| Q1 24 | $553.5M | $861.4M |
总债务CWKRKT
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
股东权益CWKRKT
| Q4 25 | $2.0B | $22.9B | ||
| Q3 25 | $2.0B | $8.9B | ||
| Q2 25 | $1.9B | $7.4B | ||
| Q1 25 | $1.8B | $8.6B | ||
| Q4 24 | $1.8B | $9.0B | ||
| Q3 24 | $1.7B | $8.4B | ||
| Q2 24 | $1.6B | $8.8B | ||
| Q1 24 | $1.6B | $8.6B |
总资产CWKRKT
| Q4 25 | $7.7B | $60.7B | ||
| Q3 25 | $7.7B | $33.6B | ||
| Q2 25 | $7.6B | $30.4B | ||
| Q1 25 | $7.4B | $25.3B | ||
| Q4 24 | $7.5B | $24.5B | ||
| Q3 24 | $7.5B | $25.1B | ||
| Q2 24 | $7.3B | $23.6B | ||
| Q1 24 | $7.5B | $22.2B |
负债/权益比CWKRKT
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.96× | — |
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 | $257.3M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $234.3M | $-1.3B |
| 自由现金流率自由现金流/营收 | 8.0% | -47.2% |
| 资本支出强度资本支出/营收 | 0.8% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $293.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流CWKRKT
| Q4 25 | $257.3M | $-1.2B | ||
| Q3 25 | $235.5M | $-50.3M | ||
| Q2 25 | $9.6M | $-1.9B | ||
| Q1 25 | $-162.0M | $-797.0M | ||
| Q4 24 | $115.2M | $1.8B | ||
| Q3 24 | $196.1M | $-1.3B | ||
| Q2 24 | $21.8M | $-122.3M | ||
| Q1 24 | $-125.1M | $-3.0B |
自由现金流CWKRKT
| Q4 25 | $234.3M | $-1.3B | ||
| Q3 25 | $225.0M | $-71.8M | ||
| Q2 25 | $300.0K | $-1.9B | ||
| Q1 25 | $-166.6M | $-811.0M | ||
| Q4 24 | $105.9M | $1.8B | ||
| Q3 24 | $186.7M | $-1.4B | ||
| Q2 24 | $10.0M | $-138.3M | ||
| Q1 24 | $-135.6M | $-3.0B |
自由现金流率CWKRKT
| Q4 25 | 8.0% | -47.2% | ||
| Q3 25 | 8.6% | -4.5% | ||
| Q2 25 | 0.0% | -137.2% | ||
| Q1 25 | -7.3% | -78.2% | ||
| Q4 24 | 4.0% | 103.1% | ||
| Q3 24 | 8.0% | -209.6% | ||
| Q2 24 | 0.4% | -10.6% | ||
| Q1 24 | -6.2% | -218.7% |
资本支出强度CWKRKT
| Q4 25 | 0.8% | 1.5% | ||
| Q3 25 | 0.4% | 1.3% | ||
| Q2 25 | 0.4% | 1.1% | ||
| Q1 25 | 0.2% | 1.4% | ||
| Q4 24 | 0.4% | 1.1% | ||
| Q3 24 | 0.4% | 2.9% | ||
| Q2 24 | 0.5% | 1.2% | ||
| Q1 24 | 0.5% | 1.0% |
现金转化率CWKRKT
| Q4 25 | — | -18.08× | ||
| Q3 25 | 4.58× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | -85.26× | — | ||
| Q4 24 | 1.02× | 54.42× | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | -94.46× | ||
| Q1 24 | — | -185.80× |
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
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
