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Equitable Holdings, Inc.（EQH）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是Equitable Holdings, Inc.的1.4倍（$4.4B vs $3.3B），标普全球净利率更高（26.8% vs 6.6%，领先20.2%），标普全球同比增速更快（191.7% vs -9.5%），过去两年标普全球的营收复合增速更高（77.3% 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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
EQH vs VG — 直观对比
营收规模更大
VG
是对方的1.4倍
$3.3B
营收增速更快
VG
高出201.2%
-9.5%
净利率更高
VG
高出20.2%
6.6%
两年增速更快
VG
近两年复合增速
21.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.4B |
| 净利润 | $215.0M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | 38.7% |
| 净利率 | 6.6% | 26.8% |
| 营收同比 | -9.5% | 191.7% |
| 净利润同比 | -76.1% | 20.3% |
| 每股收益（稀释后） | $0.69 | $0.41 |
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EQHVG
| Q4 25 | $3.3B | $4.4B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $2.4B | $3.1B | ||
| Q1 25 | $4.6B | $2.9B | ||
| Q4 24 | $3.6B | $1.5B | ||
| Q3 24 | $3.1B | $926.0M | ||
| Q2 24 | $3.5B | $1.1B | ||
| Q1 24 | $2.2B | $1.4B |
净利润EQHVG
| Q4 25 | $215.0M | $1.2B | ||
| Q3 25 | $-1.3B | $550.0M | ||
| Q2 25 | $-349.0M | $475.0M | ||
| Q1 25 | $63.0M | $517.0M | ||
| Q4 24 | $899.0M | $990.0M | ||
| Q3 24 | $-134.0M | $-294.0M | ||
| Q2 24 | $428.0M | $352.0M | ||
| Q1 24 | $114.0M | $698.0M |
营业利润率EQHVG
| Q4 25 | 10.5% | 38.7% | ||
| Q3 25 | -93.0% | 39.7% | ||
| Q2 25 | -15.4% | 33.5% | ||
| Q1 25 | 3.8% | 37.3% | ||
| Q4 24 | 33.1% | 39.0% | ||
| Q3 24 | -0.5% | 20.4% | ||
| Q2 24 | 19.4% | 32.8% | ||
| Q1 24 | 11.1% | 43.6% |
净利率EQHVG
| Q4 25 | 6.6% | 26.8% | ||
| Q3 25 | -90.3% | 16.5% | ||
| Q2 25 | -14.8% | 15.3% | ||
| Q1 25 | 1.4% | 17.9% | ||
| Q4 24 | 24.8% | 65.0% | ||
| Q3 24 | -4.4% | -31.7% | ||
| Q2 24 | 12.2% | 31.8% | ||
| Q1 24 | 5.1% | 49.4% |
每股收益（稀释后）EQHVG
| Q4 25 | $0.69 | $0.41 | ||
| Q3 25 | $-4.47 | $0.16 | ||
| Q2 25 | $-1.21 | $0.14 | ||
| Q1 25 | $0.16 | $0.15 | ||
| Q4 24 | $2.72 | $0.35 | ||
| Q3 24 | $-0.47 | $-0.15 | ||
| Q2 24 | $1.23 | $0.12 | ||
| Q1 24 | $0.30 | $0.25 |
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 | $2.4B |
| 总债务越低越好 | — | $34.2B |
| 股东权益账面价值 | $-74.0M | $6.7B |
| 总资产 | $318.0B | $53.4B |
| 负债/权益比越低杠杆越低 | — | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资EQHVG
| Q4 25 | $12.5B | $2.4B | ||
| Q3 25 | $13.6B | $1.9B | ||
| Q2 25 | $15.0B | $2.2B | ||
| Q1 25 | $8.2B | $3.6B | ||
| Q4 24 | $7.0B | $3.6B | ||
| Q3 24 | $9.6B | — | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $10.4B | — |
总债务EQHVG
| Q4 25 | — | $34.2B | ||
| Q3 25 | — | $32.6B | ||
| Q2 25 | — | $30.0B | ||
| Q1 25 | — | $29.3B | ||
| Q4 24 | — | $29.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EQHVG
| Q4 25 | $-74.0M | $6.7B | ||
| Q3 25 | $148.0M | $5.7B | ||
| Q2 25 | $1.1B | $5.3B | ||
| Q1 25 | $2.4B | $4.9B | ||
| Q4 24 | $1.6B | $2.9B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $2.0B | — |
总资产EQHVG
| Q4 25 | $318.0B | $53.4B | ||
| Q3 25 | $314.4B | $50.1B | ||
| Q2 25 | $303.1B | $46.5B | ||
| Q1 25 | $287.4B | $45.1B | ||
| Q4 24 | $295.9B | $43.5B | ||
| Q3 24 | $299.0B | — | ||
| Q2 24 | $287.8B | — | ||
| Q1 24 | $285.6B | — |
负债/权益比EQHVG
| Q4 25 | — | 5.07× | ||
| Q3 25 | — | 5.73× | ||
| Q2 25 | — | 5.69× | ||
| Q1 25 | — | 6.01× | ||
| Q4 24 | — | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.5B |
| 自由现金流率自由现金流/营收 | — | -34.1% |
| 资本支出强度资本支出/营收 | — | 81.6% |
| 现金转化率经营现金流/净利润 | -0.72× | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | $-6.8B |
8季度趋势，按日历期对齐
经营现金流EQHVG
| Q4 25 | $-154.0M | $2.1B | ||
| Q3 25 | $369.0M | $1.9B | ||
| Q2 25 | $341.0M | $1.5B | ||
| Q1 25 | $158.0M | $1.1B | ||
| Q4 24 | $400.0M | — | ||
| Q3 24 | $683.0M | — | ||
| Q2 24 | $892.0M | — | ||
| Q1 24 | $31.0M | $638.0M |
自由现金流EQHVG
| Q4 25 | — | $-1.5B | ||
| Q3 25 | — | $-1.4B | ||
| Q2 25 | — | $-1.5B | ||
| Q1 25 | — | $-2.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-2.4B |
自由现金流率EQHVG
| Q4 25 | — | -34.1% | ||
| Q3 25 | — | -42.4% | ||
| Q2 25 | — | -49.1% | ||
| Q1 25 | — | -81.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -167.3% |
资本支出强度EQHVG
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 98.9% | ||
| Q2 25 | — | 96.1% | ||
| Q1 25 | — | 119.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 212.4% |
现金转化率EQHVG
| Q4 25 | -0.72× | 1.77× | ||
| Q3 25 | — | 3.42× | ||
| Q2 25 | — | 3.07× | ||
| Q1 25 | 2.51× | 2.15× | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.08× | — | ||
| Q1 24 | 0.27× | 0.91× |
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
