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Equitable Holdings, Inc.（EQH）与TransDigm Group（TDG）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TransDigm Group的1.4倍（$3.3B vs $2.3B），TransDigm Group净利率更高（19.5% vs 6.6%，领先12.9%），TransDigm Group同比增速更快（13.9% vs -9.5%），过去两年Equitable Holdings, Inc.的营收复合增速更高（21.2% vs 9.1%）
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。
TransDigm Group是总部位于美国俄亥俄州克利夫兰的上市航空航天制造企业，1993年由私募股权机构通过杠杆收购整合四家工业航空企业组建而成。公司专注于研发生产定制化航空航天部件，多年来通过多起收购持续拓展自身产品矩阵。
EQH vs TDG — 直观对比
营收规模更大
EQH
是对方的1.4倍
$2.3B
营收增速更快
TDG
高出23.4%
-9.5%
净利率更高
TDG
高出12.9%
6.6%
两年增速更快
EQH
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.3B |
| 净利润 | $215.0M | $445.0M |
| 毛利率 | — | 59.2% |
| 营业利润率 | 10.5% | 45.6% |
| 净利率 | 6.6% | 19.5% |
| 营收同比 | -9.5% | 13.9% |
| 净利润同比 | -76.1% | -9.7% |
| 每股收益（稀释后） | $0.69 | $6.62 |
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EQHTDG
| Q4 25 | $3.3B | $2.3B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $2.4B | $2.2B | ||
| Q1 25 | $4.6B | $2.1B | ||
| Q4 24 | $3.6B | $2.0B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.5B | $2.0B | ||
| Q1 24 | $2.2B | $1.9B |
净利润EQHTDG
| Q4 25 | $215.0M | $445.0M | ||
| Q3 25 | $-1.3B | $610.0M | ||
| Q2 25 | $-349.0M | $492.0M | ||
| Q1 25 | $63.0M | $479.0M | ||
| Q4 24 | $899.0M | $493.0M | ||
| Q3 24 | $-134.0M | $468.0M | ||
| Q2 24 | $428.0M | $461.0M | ||
| Q1 24 | $114.0M | $403.0M |
毛利率EQHTDG
| Q4 25 | — | 59.2% | ||
| Q3 25 | — | 60.3% | ||
| Q2 25 | — | 59.5% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 61.6% | ||
| Q3 24 | — | 57.5% | ||
| Q2 24 | — | 59.6% | ||
| Q1 24 | — | 60.0% |
营业利润率EQHTDG
| Q4 25 | 10.5% | 45.6% | ||
| Q3 25 | -93.0% | 47.6% | ||
| Q2 25 | -15.4% | 46.4% | ||
| Q1 25 | 3.8% | 46.1% | ||
| Q4 24 | 33.1% | 48.6% | ||
| Q3 24 | -0.5% | 43.1% | ||
| Q2 24 | 19.4% | 45.7% | ||
| Q1 24 | 11.1% | 45.2% |
净利率EQHTDG
| Q4 25 | 6.6% | 19.5% | ||
| Q3 25 | -90.3% | 25.0% | ||
| Q2 25 | -14.8% | 22.0% | ||
| Q1 25 | 1.4% | 22.3% | ||
| Q4 24 | 24.8% | 24.6% | ||
| Q3 24 | -4.4% | 21.4% | ||
| Q2 24 | 12.2% | 22.5% | ||
| Q1 24 | 5.1% | 21.0% |
每股收益（稀释后）EQHTDG
| Q4 25 | $0.69 | $6.62 | ||
| Q3 25 | $-4.47 | $7.75 | ||
| Q2 25 | $-1.21 | $8.47 | ||
| Q1 25 | $0.16 | $8.24 | ||
| Q4 24 | $2.72 | $7.62 | ||
| Q3 24 | $-0.47 | $5.82 | ||
| Q2 24 | $1.23 | $7.96 | ||
| Q1 24 | $0.30 | $6.97 |
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 | $2.5B |
| 总债务越低越好 | — | $29.2B |
| 股东权益账面价值 | $-74.0M | $-9.3B |
| 总资产 | $318.0B | $23.8B |
| 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EQHTDG
| Q4 25 | $12.5B | $2.5B | ||
| Q3 25 | $13.6B | $2.8B | ||
| Q2 25 | $15.0B | $2.8B | ||
| Q1 25 | $8.2B | $2.4B | ||
| Q4 24 | $7.0B | $2.5B | ||
| Q3 24 | $9.6B | $6.3B | ||
| Q2 24 | $9.7B | $3.4B | ||
| Q1 24 | $10.4B | $4.3B |
总债务EQHTDG
| Q4 25 | — | $29.2B | ||
| Q3 25 | — | $29.2B | ||
| Q2 25 | — | $24.3B | ||
| Q1 25 | — | $24.3B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | — | $24.3B | ||
| Q2 24 | — | $21.4B | ||
| Q1 24 | — | $21.3B |
股东权益EQHTDG
| Q4 25 | $-74.0M | $-9.3B | ||
| Q3 25 | $148.0M | $-9.7B | ||
| Q2 25 | $1.1B | $-5.0B | ||
| Q1 25 | $2.4B | $-5.7B | ||
| Q4 24 | $1.6B | $-6.3B | ||
| Q3 24 | $3.2B | $-6.3B | ||
| Q2 24 | $1.6B | $-2.5B | ||
| Q1 24 | $2.0B | $-3.0B |
总资产EQHTDG
| Q4 25 | $318.0B | $23.8B | ||
| Q3 25 | $314.4B | $22.9B | ||
| Q2 25 | $303.1B | $22.7B | ||
| Q1 25 | $287.4B | $21.9B | ||
| Q4 24 | $295.9B | $21.5B | ||
| Q3 24 | $299.0B | $25.6B | ||
| Q2 24 | $287.8B | $21.8B | ||
| Q1 24 | $285.6B | $21.6B |
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 | $832.0M |
| 自由现金流经营现金流 - 资本支出 | — | $772.0M |
| 自由现金流率自由现金流/营收 | — | 33.8% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | -0.72× | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | $1.9B |
8季度趋势，按日历期对齐
经营现金流EQHTDG
| Q4 25 | $-154.0M | $832.0M | ||
| Q3 25 | $369.0M | $507.0M | ||
| Q2 25 | $341.0M | $631.0M | ||
| Q1 25 | $158.0M | $148.0M | ||
| Q4 24 | $400.0M | $752.0M | ||
| Q3 24 | $683.0M | $572.0M | ||
| Q2 24 | $892.0M | $608.0M | ||
| Q1 24 | $31.0M | $229.0M |
自由现金流EQHTDG
| Q4 25 | — | $772.0M | ||
| Q3 25 | — | $441.0M | ||
| Q2 25 | — | $573.0M | ||
| Q1 25 | — | $92.0M | ||
| Q4 24 | — | $710.0M | ||
| Q3 24 | — | $531.0M | ||
| Q2 24 | — | $568.0M | ||
| Q1 24 | — | $181.0M |
自由现金流率EQHTDG
| Q4 25 | — | 33.8% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 25.6% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 24.3% | ||
| Q2 24 | — | 27.8% | ||
| Q1 24 | — | 9.4% |
资本支出强度EQHTDG
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.5% |
现金转化率EQHTDG
| Q4 25 | -0.72× | 1.87× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | 2.51× | 0.31× | ||
| Q4 24 | 0.44× | 1.53× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | 2.08× | 1.32× | ||
| Q1 24 | 0.27× | 0.57× |
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% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
