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Equitable Holdings, Inc.（EQH）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
Equitable Holdings, Inc.的季度营收约是怡安集团的4.4倍（$3.3B vs $738.0M）。Equitable Holdings, Inc.净利率更高（6.6% vs 1.1%，领先5.5%）。怡安集团同比增速更快（13.6% vs -9.5%）。过去两年Equitable Holdings, Inc.的营收复合增速更高（21.2% vs 17.1%）
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。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
EQH vs RYAN — 直观对比
营收规模更大
EQH
是对方的4.4倍
$738.0M
营收增速更快
RYAN
高出23.1%
-9.5%
净利率更高
EQH
高出5.5%
1.1%
两年增速更快
EQH
近两年复合增速
17.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $738.0M |
| 净利润 | $215.0M | $8.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 12.4% |
| 净利率 | 6.6% | 1.1% |
| 营收同比 | -9.5% | 13.6% |
| 净利润同比 | -76.1% | -42.0% |
| 每股收益（稀释后） | $0.69 | — |
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EQHRYAN
| Q4 25 | $3.3B | $738.0M | ||
| Q3 25 | $1.4B | $739.6M | ||
| Q2 25 | $2.4B | $840.9M | ||
| Q1 25 | $4.6B | $676.1M | ||
| Q4 24 | $3.6B | $649.4M | ||
| Q3 24 | $3.1B | $588.1M | ||
| Q2 24 | $3.5B | $680.2M | ||
| Q1 24 | $2.2B | $537.9M |
净利润EQHRYAN
| Q4 25 | $215.0M | $8.0M | ||
| Q3 25 | $-1.3B | $31.1M | ||
| Q2 25 | $-349.0M | $52.0M | ||
| Q1 25 | $63.0M | $-27.6M | ||
| Q4 24 | $899.0M | $13.8M | ||
| Q3 24 | $-134.0M | $17.6M | ||
| Q2 24 | $428.0M | $46.8M | ||
| Q1 24 | $114.0M | $16.5M |
营业利润率EQHRYAN
| Q4 25 | 10.5% | 12.4% | ||
| Q3 25 | -93.0% | 15.0% | ||
| Q2 25 | -15.4% | 22.7% | ||
| Q1 25 | 3.8% | 14.8% | ||
| Q4 24 | 33.1% | 16.8% | ||
| Q3 24 | -0.5% | 13.9% | ||
| Q2 24 | 19.4% | 24.2% | ||
| Q1 24 | 11.1% | 13.5% |
净利率EQHRYAN
| Q4 25 | 6.6% | 1.1% | ||
| Q3 25 | -90.3% | 4.2% | ||
| Q2 25 | -14.8% | 6.2% | ||
| Q1 25 | 1.4% | -4.1% | ||
| Q4 24 | 24.8% | 2.1% | ||
| Q3 24 | -4.4% | 3.0% | ||
| Q2 24 | 12.2% | 6.9% | ||
| Q1 24 | 5.1% | 3.1% |
每股收益（稀释后）EQHRYAN
| Q4 25 | $0.69 | — | ||
| Q3 25 | $-4.47 | — | ||
| Q2 25 | $-1.21 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $2.72 | — | ||
| Q3 24 | $-0.47 | — | ||
| Q2 24 | $1.23 | — | ||
| Q1 24 | $0.30 | — |
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 | $158.3M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $-74.0M | $648.1M |
| 总资产 | $318.0B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 5.16× |
8季度趋势，按日历期对齐
现金及短期投资EQHRYAN
| Q4 25 | $12.5B | $158.3M | ||
| Q3 25 | $13.6B | $153.5M | ||
| Q2 25 | $15.0B | $172.6M | ||
| Q1 25 | $8.2B | $203.5M | ||
| Q4 24 | $7.0B | $540.2M | ||
| Q3 24 | $9.6B | $235.2M | ||
| Q2 24 | $9.7B | $1.7B | ||
| Q1 24 | $10.4B | $1.6B |
总债务EQHRYAN
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EQHRYAN
| Q4 25 | $-74.0M | $648.1M | ||
| Q3 25 | $148.0M | $630.5M | ||
| Q2 25 | $1.1B | $610.1M | ||
| Q1 25 | $2.4B | $542.5M | ||
| Q4 24 | $1.6B | $627.7M | ||
| Q3 24 | $3.2B | $632.8M | ||
| Q2 24 | $1.6B | $605.9M | ||
| Q1 24 | $2.0B | $554.4M |
总资产EQHRYAN
| Q4 25 | $318.0B | $10.6B | ||
| Q3 25 | $314.4B | $9.9B | ||
| Q2 25 | $303.1B | $10.6B | ||
| Q1 25 | $287.4B | $9.9B | ||
| Q4 24 | $295.9B | $9.6B | ||
| Q3 24 | $299.0B | $8.5B | ||
| Q2 24 | $287.8B | $8.3B | ||
| Q1 24 | $285.6B | $7.1B |
负债/权益比EQHRYAN
| Q4 25 | — | 5.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $263.2M |
| 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 | — | 0.0% |
| 现金转化率经营现金流/净利润 | -0.72× | 32.99× |
| 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EQHRYAN
| Q4 25 | $-154.0M | $263.2M | ||
| Q3 25 | $369.0M | $169.7M | ||
| Q2 25 | $341.0M | $353.6M | ||
| Q1 25 | $158.0M | $-142.8M | ||
| Q4 24 | $400.0M | $259.6M | ||
| Q3 24 | $683.0M | $100.9M | ||
| Q2 24 | $892.0M | $270.8M | ||
| Q1 24 | $31.0M | $-116.5M |
自由现金流EQHRYAN
| Q4 25 | — | — | ||
| Q3 25 | — | $167.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-143.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率EQHRYAN
| Q4 25 | — | — | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度EQHRYAN
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率EQHRYAN
| Q4 25 | -0.72× | 32.99× | ||
| Q3 25 | — | 5.46× | ||
| Q2 25 | — | 6.80× | ||
| Q1 25 | 2.51× | — | ||
| Q4 24 | 0.44× | 18.88× | ||
| Q3 24 | — | 5.74× | ||
| Q2 24 | 2.08× | 5.79× | ||
| Q1 24 | 0.27× | -7.05× |
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% |
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
