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Equitable Holdings, Inc.（EQH）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
Equitable Holdings, Inc.的季度营收约是Rocket Companies, Inc.的1.2倍（$3.3B vs $2.7B），Equitable Holdings, Inc.净利率更高（6.6% vs 2.5%，领先4.0%），Rocket Companies, Inc.同比增速更快（52.2% vs -9.5%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
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。
EQH vs RKT — 直观对比
营收规模更大
EQH
是对方的1.2倍
$2.7B
营收增速更快
RKT
高出61.7%
-9.5%
净利率更高
EQH
高出4.0%
2.5%
两年增速更快
RKT
近两年复合增速
21.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.7B |
| 净利润 | $215.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 6.3% |
| 净利率 | 6.6% | 2.5% |
| 营收同比 | -9.5% | 52.2% |
| 净利润同比 | -76.1% | 100.8% |
| 每股收益（稀释后） | $0.69 | $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EQHRKT
| Q4 25 | $3.3B | $2.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $4.6B | $1.0B | ||
| Q4 24 | $3.6B | $1.8B | ||
| Q3 24 | $3.1B | $646.9M | ||
| Q2 24 | $3.5B | $1.3B | ||
| Q1 24 | $2.2B | $1.4B |
净利润EQHRKT
| Q4 25 | $215.0M | $68.0M | ||
| Q3 25 | $-1.3B | $-123.9M | ||
| Q2 25 | $-349.0M | $-1.8M | ||
| Q1 25 | $63.0M | $-10.4M | ||
| Q4 24 | $899.0M | $33.9M | ||
| Q3 24 | $-134.0M | $-22.0M | ||
| Q2 24 | $428.0M | $1.3M | ||
| Q1 24 | $114.0M | $16.2M |
毛利率EQHRKT
| 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EQHRKT
| Q4 25 | 10.5% | 6.3% | ||
| Q3 25 | -93.0% | -11.5% | ||
| Q2 25 | -15.4% | 1.8% | ||
| Q1 25 | 3.8% | -21.5% | ||
| Q4 24 | 33.1% | 38.1% | ||
| Q3 24 | -0.5% | -76.9% | ||
| Q2 24 | 19.4% | 14.8% | ||
| Q1 24 | 11.1% | 21.6% |
净利率EQHRKT
| Q4 25 | 6.6% | 2.5% | ||
| Q3 25 | -90.3% | -7.7% | ||
| Q2 25 | -14.8% | -0.1% | ||
| Q1 25 | 1.4% | -1.0% | ||
| Q4 24 | 24.8% | 1.9% | ||
| Q3 24 | -4.4% | -3.4% | ||
| Q2 24 | 12.2% | 0.1% | ||
| Q1 24 | 5.1% | 1.2% |
每股收益（稀释后）EQHRKT
| Q4 25 | $0.69 | $0.10 | ||
| Q3 25 | $-4.47 | $-0.06 | ||
| Q2 25 | $-1.21 | $-0.01 | ||
| Q1 25 | $0.16 | $-0.08 | ||
| Q4 24 | $2.72 | $0.28 | ||
| Q3 24 | $-0.47 | $-0.19 | ||
| Q2 24 | $1.23 | $0.01 | ||
| Q1 24 | $0.30 | $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 | $12.5B | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-74.0M | $22.9B |
| 总资产 | $318.0B | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EQHRKT
| Q4 25 | $12.5B | $2.7B | ||
| Q3 25 | $13.6B | $5.8B | ||
| Q2 25 | $15.0B | $5.1B | ||
| Q1 25 | $8.2B | $1.4B | ||
| Q4 24 | $7.0B | $1.3B | ||
| Q3 24 | $9.6B | $1.2B | ||
| Q2 24 | $9.7B | $1.3B | ||
| Q1 24 | $10.4B | $861.4M |
股东权益EQHRKT
| Q4 25 | $-74.0M | $22.9B | ||
| Q3 25 | $148.0M | $8.9B | ||
| Q2 25 | $1.1B | $7.4B | ||
| Q1 25 | $2.4B | $8.6B | ||
| Q4 24 | $1.6B | $9.0B | ||
| Q3 24 | $3.2B | $8.4B | ||
| Q2 24 | $1.6B | $8.8B | ||
| Q1 24 | $2.0B | $8.6B |
总资产EQHRKT
| Q4 25 | $318.0B | $60.7B | ||
| Q3 25 | $314.4B | $33.6B | ||
| Q2 25 | $303.1B | $30.4B | ||
| Q1 25 | $287.4B | $25.3B | ||
| Q4 24 | $295.9B | $24.5B | ||
| Q3 24 | $299.0B | $25.1B | ||
| Q2 24 | $287.8B | $23.6B | ||
| Q1 24 | $285.6B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | -0.72× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流EQHRKT
| Q4 25 | $-154.0M | $-1.2B | ||
| Q3 25 | $369.0M | $-50.3M | ||
| Q2 25 | $341.0M | $-1.9B | ||
| Q1 25 | $158.0M | $-797.0M | ||
| Q4 24 | $400.0M | $1.8B | ||
| Q3 24 | $683.0M | $-1.3B | ||
| Q2 24 | $892.0M | $-122.3M | ||
| Q1 24 | $31.0M | $-3.0B |
自由现金流EQHRKT
| Q4 25 | — | $-1.3B | ||
| Q3 25 | — | $-71.8M | ||
| Q2 25 | — | $-1.9B | ||
| Q1 25 | — | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流率EQHRKT
| Q4 25 | — | -47.2% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | -137.2% | ||
| Q1 25 | — | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -218.7% |
资本支出强度EQHRKT
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.0% |
现金转化率EQHRKT
| Q4 25 | -0.72× | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | 0.44× | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.08× | -94.46× | ||
| Q1 24 | 0.27× | -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
EQH
| Other | $1.5B | 46% |
| Asset Management | $1.2B | 37% |
| Wealth Management | $545.0M | 17% |
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% |
