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DigitalBridge Group, Inc.（DBRG）与华利安（HLI）财务数据对比。点击上方公司名可切换其他公司
华利安的季度营收约是DigitalBridge Group, Inc.的6.8倍（$717.1M vs $105.7M），DigitalBridge Group, Inc.净利率更高（61.5% vs 16.3%，领先45.3%），华利安同比增速更快（13.0% vs 4.1%），DigitalBridge Group, Inc.自由现金流更多（$258.0M vs $217.0M），过去两年DigitalBridge Group, Inc.的营收复合增速更高（19.2% vs 17.4%）
DigitalBridge Group（DBRG）是全球领先的数字基础设施投资企业，核心业务覆盖通信基站、数据中心、光纤网络、小基站及边缘算力设施的投资、持有与运营。公司总部位于美国博卡拉顿，在洛杉矶、纽约、丹佛、伦敦、新加坡多地设有办公点，截至2025年6月，旗下管理资产规模达1060亿美元。
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
DBRG vs HLI — 直观对比
营收规模更大
HLI
是对方的6.8倍
$105.7M
营收增速更快
HLI
高出8.9%
4.1%
净利率更高
DBRG
高出45.3%
16.3%
自由现金流更多
DBRG
多$40.9M
$217.0M
两年增速更快
DBRG
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $105.7M | $717.1M |
| 净利润 | $65.1M | $116.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | — | 22.4% |
| 净利率 | 61.5% | 16.3% |
| 营收同比 | 4.1% | 13.0% |
| 净利润同比 | — | 22.3% |
| 每股收益（稀释后） | $0.28 | $1.70 |
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DBRGHLI
| Q4 25 | $105.7M | $717.1M | ||
| Q3 25 | $93.3M | $659.5M | ||
| Q2 25 | $85.3M | $605.3M | ||
| Q1 25 | $90.1M | $666.4M | ||
| Q4 24 | $101.6M | $634.4M | ||
| Q3 24 | $76.6M | $575.0M | ||
| Q2 24 | $390.3M | $513.6M | ||
| Q1 24 | $74.4M | $520.5M |
净利润DBRGHLI
| Q4 25 | $65.1M | $116.5M | ||
| Q3 25 | $31.4M | $111.8M | ||
| Q2 25 | $31.6M | $97.5M | ||
| Q1 25 | $13.8M | $121.9M | ||
| Q4 24 | — | $95.3M | ||
| Q3 24 | $13.8M | $93.5M | ||
| Q2 24 | $91.4M | $88.9M | ||
| Q1 24 | $-29.6M | $81.1M |
毛利率DBRGHLI
| Q4 25 | — | 32.2% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | — | 33.0% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 30.3% |
营业利润率DBRGHLI
| Q4 25 | — | 22.4% | ||
| Q3 25 | -13.9% | 22.9% | ||
| Q2 25 | -31.2% | 14.8% | ||
| Q1 25 | -11.5% | 20.9% | ||
| Q4 24 | 5.7% | 21.5% | ||
| Q3 24 | 62.4% | 22.7% | ||
| Q2 24 | 33.5% | 18.6% | ||
| Q1 24 | -20.7% | 19.7% |
净利率DBRGHLI
| Q4 25 | 61.5% | 16.3% | ||
| Q3 25 | 33.7% | 17.0% | ||
| Q2 25 | 37.1% | 16.1% | ||
| Q1 25 | 15.3% | 18.3% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | 18.0% | 16.3% | ||
| Q2 24 | 23.4% | 17.3% | ||
| Q1 24 | -39.8% | 15.6% |
每股收益（稀释后）DBRGHLI
| Q4 25 | $0.28 | $1.70 | ||
| Q3 25 | $0.09 | $1.63 | ||
| Q2 25 | $0.10 | $1.42 | ||
| Q1 25 | $-0.01 | $1.76 | ||
| Q4 24 | — | $1.39 | ||
| Q3 24 | $-0.01 | $1.37 | ||
| Q2 24 | $0.44 | $1.30 | ||
| Q1 24 | $-0.28 | $1.18 |
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 | $382.5M | $1.1B |
| 总债务越低越好 | $298.8M | — |
| 股东权益账面价值 | $2.1B | $2.3B |
| 总资产 | $3.4B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.14× | — |
8季度趋势，按日历期对齐
现金及短期投资DBRGHLI
| Q4 25 | $382.5M | $1.1B | ||
| Q3 25 | $358.4M | $923.6M | ||
| Q2 25 | $340.7M | $793.8M | ||
| Q1 25 | $349.9M | $971.0M | ||
| Q4 24 | $302.2M | $799.3M | ||
| Q3 24 | $294.4M | $691.4M | ||
| Q2 24 | $261.2M | $449.7M | ||
| Q1 24 | $247.4M | $721.2M |
总债务DBRGHLI
| Q4 25 | $298.8M | — | ||
| Q3 25 | $327.9M | — | ||
| Q2 25 | $298.0M | — | ||
| Q1 25 | $296.9M | — | ||
| Q4 24 | $296.4M | — | ||
| Q3 24 | $295.8M | — | ||
| Q2 24 | $295.3M | — | ||
| Q1 24 | $366.5M | — |
股东权益DBRGHLI
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $2.0B | $2.2B | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.0B | $1.8B | ||
| Q1 24 | $1.8B | $1.8B |
总资产DBRGHLI
| Q4 25 | $3.4B | $3.9B | ||
| Q3 25 | $3.5B | $3.8B | ||
| Q2 25 | $3.4B | $3.5B | ||
| Q1 25 | $3.4B | $3.8B | ||
| Q4 24 | $3.5B | $3.5B | ||
| Q3 24 | $3.5B | $3.2B | ||
| Q2 24 | $3.5B | $2.9B | ||
| Q1 24 | $3.5B | $3.2B |
负债/权益比DBRGHLI
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.20× | — |
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 | $259.3M | $217.7M |
| 自由现金流经营现金流 - 资本支出 | $258.0M | $217.0M |
| 自由现金流率自由现金流/营收 | 244.0% | 30.3% |
| 资本支出强度资本支出/营收 | 1.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 3.99× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $440.5M | $738.9M |
8季度趋势，按日历期对齐
经营现金流DBRGHLI
| Q4 25 | $259.3M | $217.7M | ||
| Q3 25 | $56.5M | $325.0M | ||
| Q2 25 | $77.0M | $-131.6M | ||
| Q1 25 | $50.3M | $358.4M | ||
| Q4 24 | $60.1M | $265.5M | ||
| Q3 24 | $35.9M | $289.2M | ||
| Q2 24 | $22.5M | $-64.5M | ||
| Q1 24 | $-27.0M | $225.3M |
自由现金流DBRGHLI
| Q4 25 | $258.0M | $217.0M | ||
| Q3 25 | $56.1M | $322.8M | ||
| Q2 25 | $76.4M | $-144.8M | ||
| Q1 25 | $50.0M | $343.9M | ||
| Q4 24 | $56.5M | $261.7M | ||
| Q3 24 | — | $278.7M | ||
| Q2 24 | $22.3M | $-75.4M | ||
| Q1 24 | $-30.1M | $213.1M |
自由现金流率DBRGHLI
| Q4 25 | 244.0% | 30.3% | ||
| Q3 25 | 60.2% | 49.0% | ||
| Q2 25 | 89.5% | -23.9% | ||
| Q1 25 | 55.5% | 51.6% | ||
| Q4 24 | 55.7% | 41.2% | ||
| Q3 24 | — | 48.5% | ||
| Q2 24 | 5.7% | -14.7% | ||
| Q1 24 | -40.4% | 40.9% |
资本支出强度DBRGHLI
| Q4 25 | 1.3% | 0.1% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 3.5% | 0.6% | ||
| Q3 24 | 0.0% | 1.8% | ||
| Q2 24 | 0.1% | 2.1% | ||
| Q1 24 | 4.1% | 2.3% |
现金转化率DBRGHLI
| Q4 25 | 3.99× | 1.87× | ||
| Q3 25 | 1.80× | 2.91× | ||
| Q2 25 | 2.43× | -1.35× | ||
| Q1 25 | 3.65× | 2.94× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | 2.61× | 3.09× | ||
| Q2 24 | 0.25× | -0.73× | ||
| Q1 24 | — | 2.78× |
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
DBRG
暂无分部数据
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
