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Equitable Holdings, Inc.（EQH）与Northern Trust（NTRS）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Northern Trust的1.5倍（$3.3B vs $2.2B），Northern Trust净利率更高（23.7% vs 6.6%，领先17.2%），Northern Trust同比增速更快（13.8% vs -9.5%），过去两年Northern Trust的营收复合增速更高（37.8% vs 21.2%）
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。
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
EQH vs NTRS — 直观对比
营收规模更大
EQH
是对方的1.5倍
$2.2B
营收增速更快
NTRS
高出23.3%
-9.5%
净利率更高
NTRS
高出17.2%
6.6%
两年增速更快
NTRS
近两年复合增速
21.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.2B |
| 净利润 | $215.0M | $525.5M |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | — |
| 净利率 | 6.6% | 23.7% |
| 营收同比 | -9.5% | 13.8% |
| 净利润同比 | -76.1% | 13.0% |
| 每股收益（稀释后） | $0.69 | $2.71 |
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EQHNTRS
| Q1 26 | — | $2.2B | ||
| Q4 25 | $3.3B | $1.3B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $4.6B | $1.2B | ||
| Q4 24 | $3.6B | $1.2B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $3.5B | $1.2B |
净利润EQHNTRS
| Q1 26 | — | $525.5M | ||
| Q4 25 | $215.0M | $466.0M | ||
| Q3 25 | $-1.3B | $457.6M | ||
| Q2 25 | $-349.0M | $421.3M | ||
| Q1 25 | $63.0M | $392.0M | ||
| Q4 24 | $899.0M | $455.4M | ||
| Q3 24 | $-134.0M | $464.9M | ||
| Q2 24 | $428.0M | $896.1M |
营业利润率EQHNTRS
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | 48.5% | ||
| Q3 25 | -93.0% | 49.0% | ||
| Q2 25 | -15.4% | 45.9% | ||
| Q1 25 | 3.8% | 43.0% | ||
| Q4 24 | 33.1% | 48.6% | ||
| Q3 24 | -0.5% | 50.2% | ||
| Q2 24 | 19.4% | — |
净利率EQHNTRS
| Q1 26 | — | 23.7% | ||
| Q4 25 | 6.6% | 35.6% | ||
| Q3 25 | -90.3% | 36.2% | ||
| Q2 25 | -14.8% | 34.2% | ||
| Q1 25 | 1.4% | 32.3% | ||
| Q4 24 | 24.8% | 37.3% | ||
| Q3 24 | -4.4% | 38.9% | ||
| Q2 24 | 12.2% | 76.8% |
每股收益（稀释后）EQHNTRS
| Q1 26 | — | $2.71 | ||
| Q4 25 | $0.69 | $2.42 | ||
| Q3 25 | $-4.47 | $2.29 | ||
| Q2 25 | $-1.21 | $2.13 | ||
| Q1 25 | $0.16 | $1.90 | ||
| Q4 24 | $2.72 | $2.25 | ||
| Q3 24 | $-0.47 | $2.22 | ||
| Q2 24 | $1.23 | $4.34 |
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 | — | $2.9B |
| 股东权益账面价值 | $-74.0M | $13.0B |
| 总资产 | $318.0B | $174.6B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资EQHNTRS
| Q1 26 | — | — | ||
| 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 | — |
总债务EQHNTRS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EQHNTRS
| Q1 26 | — | $13.0B | ||
| Q4 25 | $-74.0M | $13.0B | ||
| Q3 25 | $148.0M | $13.0B | ||
| Q2 25 | $1.1B | $12.9B | ||
| Q1 25 | $2.4B | $12.9B | ||
| Q4 24 | $1.6B | $12.8B | ||
| Q3 24 | $3.2B | $12.7B | ||
| Q2 24 | $1.6B | $12.7B |
总资产EQHNTRS
| Q1 26 | — | $174.6B | ||
| Q4 25 | $318.0B | $177.1B | ||
| Q3 25 | $314.4B | $170.3B | ||
| Q2 25 | $303.1B | $171.9B | ||
| Q1 25 | $287.4B | $165.1B | ||
| Q4 24 | $295.9B | $155.5B | ||
| Q3 24 | $299.0B | $155.8B | ||
| Q2 24 | $287.8B | $156.8B |
负债/权益比EQHNTRS
| Q1 26 | — | 0.22× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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× | — |
| 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EQHNTRS
| Q1 26 | — | — | ||
| Q4 25 | $-154.0M | $388.4M | ||
| Q3 25 | $369.0M | $525.8M | ||
| Q2 25 | $341.0M | $1.9B | ||
| Q1 25 | $158.0M | $2.7B | ||
| Q4 24 | $400.0M | $-2.6B | ||
| Q3 24 | $683.0M | $611.1M | ||
| Q2 24 | $892.0M | $3.0B |
自由现金流EQHNTRS
| Q1 26 | — | — | ||
| Q4 25 | — | $355.6M | ||
| Q3 25 | — | $509.4M | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | — | $585.4M | ||
| Q2 24 | — | $3.0B |
自由现金流率EQHNTRS
| Q1 26 | — | — | ||
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 40.3% | ||
| Q2 25 | — | 150.8% | ||
| Q1 25 | — | 225.5% | ||
| Q4 24 | — | -218.9% | ||
| Q3 24 | — | 48.9% | ||
| Q2 24 | — | 254.7% |
资本支出强度EQHNTRS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.8% |
现金转化率EQHNTRS
| Q1 26 | — | — | ||
| Q4 25 | -0.72× | 0.83× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | 2.51× | 7.01× | ||
| Q4 24 | 0.44× | -5.79× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 2.08× | 3.34× |
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% |
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
