vs
Equitable Holdings, Inc.（EQH）与M&T Bank（MTB）财务数据对比。点击上方公司名可切换其他公司
Equitable Holdings, Inc.的季度营收约是M&T Bank的1.3倍（$3.3B vs $2.5B），M&T Bank净利率更高（30.7% vs 6.6%，领先24.1%），M&T Bank同比增速更快（3.8% vs -9.5%），过去两年Equitable Holdings, Inc.的营收复合增速更高（21.2% vs 4.6%）
Equitable Holdings, Inc.是美国领先的金融服务与保险企业，1859年由亨利·鲍德温·海德创立，业务覆盖保险、财富管理等多元金融领域，拥有逾百年发展历史，在全球金融服务市场具备深厚的行业积淀与广泛的客户基础。
M&T银行是总部位于美国纽约州布法罗的银行控股企业，业务覆盖美国东部从缅因州到弗吉尼亚州的12个州及华盛顿特区，运营超过950家线下网点。其控股主体1998年5月前名为第一帝国州公司，之后更为现名。
EQH vs MTB — 直观对比
营收规模更大
EQH
是对方的1.3倍
$2.5B
营收增速更快
MTB
高出13.3%
-9.5%
净利率更高
MTB
高出24.1%
6.6%
两年增速更快
EQH
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.5B |
| 净利润 | $215.0M | $759.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 39.2% |
| 净利率 | 6.6% | 30.7% |
| 营收同比 | -9.5% | 3.8% |
| 净利润同比 | -76.1% | 11.5% |
| 每股收益（稀释后） | $0.69 | $4.62 |
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EQHMTB
| Q4 25 | $3.3B | $2.5B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $2.4B | $2.4B | ||
| Q1 25 | $4.6B | $2.3B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $3.5B | $2.3B | ||
| Q1 24 | $2.2B | $2.3B |
净利润EQHMTB
| Q4 25 | $215.0M | $759.0M | ||
| Q3 25 | $-1.3B | $792.0M | ||
| Q2 25 | $-349.0M | $716.0M | ||
| Q1 25 | $63.0M | $584.0M | ||
| Q4 24 | $899.0M | $681.0M | ||
| Q3 24 | $-134.0M | $721.0M | ||
| Q2 24 | $428.0M | $655.0M | ||
| Q1 24 | $114.0M | $531.0M |
营业利润率EQHMTB
| Q4 25 | 10.5% | 39.2% | ||
| Q3 25 | -93.0% | 40.8% | ||
| Q2 25 | -15.4% | 39.0% | ||
| Q1 25 | 3.8% | 33.0% | ||
| Q4 24 | 33.1% | 37.0% | ||
| Q3 24 | -0.5% | 39.0% | ||
| Q2 24 | 19.4% | 37.1% | ||
| Q1 24 | 11.1% | 29.4% |
净利率EQHMTB
| Q4 25 | 6.6% | 30.7% | ||
| Q3 25 | -90.3% | 31.5% | ||
| Q2 25 | -14.8% | 29.9% | ||
| Q1 25 | 1.4% | 25.3% | ||
| Q4 24 | 24.8% | 28.6% | ||
| Q3 24 | -4.4% | 30.9% | ||
| Q2 24 | 12.2% | 28.5% | ||
| Q1 24 | 5.1% | 23.5% |
每股收益（稀释后）EQHMTB
| Q4 25 | $0.69 | $4.62 | ||
| Q3 25 | $-4.47 | $4.82 | ||
| Q2 25 | $-1.21 | $4.24 | ||
| Q1 25 | $0.16 | $3.32 | ||
| Q4 24 | $2.72 | $3.87 | ||
| Q3 24 | $-0.47 | $4.02 | ||
| Q2 24 | $1.23 | $3.73 | ||
| Q1 24 | $0.30 | $3.02 |
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 | $12.5B | — |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $-74.0M | $29.2B |
| 总资产 | $318.0B | $213.5B |
| 负债/权益比越低杠杆越低 | — | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资EQHMTB
| Q4 25 | $12.5B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $15.0B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $9.6B | — | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $10.4B | — |
总债务EQHMTB
| Q4 25 | — | $10.9B | ||
| Q3 25 | — | $12.9B | ||
| Q2 25 | — | $12.4B | ||
| Q1 25 | — | $10.5B | ||
| Q4 24 | — | $12.6B | ||
| Q3 24 | — | $11.6B | ||
| Q2 24 | — | $11.3B | ||
| Q1 24 | — | $11.4B |
股东权益EQHMTB
| Q4 25 | $-74.0M | $29.2B | ||
| Q3 25 | $148.0M | $28.7B | ||
| Q2 25 | $1.1B | $28.5B | ||
| Q1 25 | $2.4B | $29.0B | ||
| Q4 24 | $1.6B | $29.0B | ||
| Q3 24 | $3.2B | $28.9B | ||
| Q2 24 | $1.6B | $28.4B | ||
| Q1 24 | $2.0B | $27.2B |
总资产EQHMTB
| Q4 25 | $318.0B | $213.5B | ||
| Q3 25 | $314.4B | $211.3B | ||
| Q2 25 | $303.1B | $211.6B | ||
| Q1 25 | $287.4B | $210.3B | ||
| Q4 24 | $295.9B | $208.1B | ||
| Q3 24 | $299.0B | $211.8B | ||
| Q2 24 | $287.8B | $208.9B | ||
| Q1 24 | $285.6B | $215.1B |
负债/权益比EQHMTB
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | — | 0.42× |
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 | $-154.0M | $3.0B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -0.72× | 3.96× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流EQHMTB
| Q4 25 | $-154.0M | $3.0B | ||
| Q3 25 | $369.0M | $1.0B | ||
| Q2 25 | $341.0M | $844.0M | ||
| Q1 25 | $158.0M | $635.0M | ||
| Q4 24 | $400.0M | $3.6B | ||
| Q3 24 | $683.0M | $-28.0M | ||
| Q2 24 | $892.0M | $1.4B | ||
| Q1 24 | $31.0M | $608.0M |
现金转化率EQHMTB
| Q4 25 | -0.72× | 3.96× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | 2.51× | 1.09× | ||
| Q4 24 | 0.44× | 5.30× | ||
| Q3 24 | — | -0.04× | ||
| Q2 24 | 2.08× | 2.07× | ||
| Q1 24 | 0.27× | 1.15× |
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
EQH
| Other | $1.5B | 46% |
| Asset Management | $1.2B | 37% |
| Wealth Management | $545.0M | 17% |
MTB
暂无分部数据
