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First American Financial Corp（FAF）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是帕森斯公司的1.3倍（$2.0B vs $1.6B），First American Financial Corp净利率更高（10.3% vs 3.5%，领先6.9%），First American Financial Corp同比增速更快（21.6% vs -7.5%），First American Financial Corp自由现金流更多（$324.5M vs $135.6M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs 2.2%）
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
FAF vs PSN — 直观对比
营收规模更大
FAF
是对方的1.3倍
$1.6B
营收增速更快
FAF
高出29.2%
-7.5%
净利率更高
FAF
高出6.9%
3.5%
自由现金流更多
FAF
多$188.9M
$135.6M
两年增速更快
FAF
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.6B |
| 净利润 | $211.9M | $55.6M |
| 毛利率 | — | 23.0% |
| 营业利润率 | 14.0% | 6.6% |
| 净利率 | 10.3% | 3.5% |
| 营收同比 | 21.6% | -7.5% |
| 净利润同比 | 192.7% | -72.4% |
| 每股收益（稀释后） | $2.04 | $0.51 |
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FAFPSN
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.4B | $1.5B |
净利润FAFPSN
| Q4 25 | $211.9M | $55.6M | ||
| Q3 25 | $189.6M | $64.1M | ||
| Q2 25 | $146.1M | $55.2M | ||
| Q1 25 | $74.2M | $66.2M | ||
| Q4 24 | $72.4M | $201.3M | ||
| Q3 24 | $-104.0M | $72.0M | ||
| Q2 24 | $116.0M | $69.2M | ||
| Q1 24 | $46.7M | $-107.4M |
毛利率FAFPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率FAFPSN
| Q4 25 | 14.0% | 6.6% | ||
| Q3 25 | 12.5% | 6.7% | ||
| Q2 25 | 10.6% | 6.0% | ||
| Q1 25 | 6.1% | 7.0% | ||
| Q4 24 | 5.9% | 5.8% | ||
| Q3 24 | -10.3% | 6.4% | ||
| Q2 24 | 9.4% | 6.7% | ||
| Q1 24 | 4.1% | 6.6% |
净利率FAFPSN
| Q4 25 | 10.3% | 3.5% | ||
| Q3 25 | 9.6% | 4.0% | ||
| Q2 25 | 7.9% | 3.5% | ||
| Q1 25 | 4.7% | 4.3% | ||
| Q4 24 | 4.3% | 11.6% | ||
| Q3 24 | -7.4% | 4.0% | ||
| Q2 24 | 7.2% | 4.1% | ||
| Q1 24 | 3.3% | -7.0% |
每股收益（稀释后）FAFPSN
| Q4 25 | $2.04 | $0.51 | ||
| Q3 25 | $1.84 | $0.59 | ||
| Q2 25 | $1.41 | $0.50 | ||
| Q1 25 | $0.71 | $0.60 | ||
| Q4 24 | $0.70 | $1.85 | ||
| Q3 24 | $-1.00 | $0.65 | ||
| Q2 24 | $1.11 | $0.63 | ||
| Q1 24 | $0.45 | $-1.01 |
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 | $1.4B | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $5.5B | $2.6B |
| 总资产 | $16.2B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资FAFPSN
| Q4 25 | $1.4B | $466.4M | ||
| Q3 25 | $2.9B | $422.6M | ||
| Q2 25 | $2.0B | $411.3M | ||
| Q1 25 | $2.0B | $269.7M | ||
| Q4 24 | $1.7B | $453.5M | ||
| Q3 24 | $3.0B | $558.8M | ||
| Q2 24 | $2.0B | $528.5M | ||
| Q1 24 | $1.5B | $423.1M |
总债务FAFPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益FAFPSN
| Q4 25 | $5.5B | $2.6B | ||
| Q3 25 | $5.3B | $2.6B | ||
| Q2 25 | $5.1B | $2.5B | ||
| Q1 25 | $5.0B | $2.5B | ||
| Q4 24 | $4.9B | $2.4B | ||
| Q3 24 | $5.1B | $2.3B | ||
| Q2 24 | $4.8B | $2.2B | ||
| Q1 24 | $4.8B | $2.1B |
总资产FAFPSN
| Q4 25 | $16.2B | $5.8B | ||
| Q3 25 | $17.6B | $5.7B | ||
| Q2 25 | $16.3B | $5.7B | ||
| Q1 25 | $15.5B | $5.4B | ||
| Q4 24 | $14.9B | $5.5B | ||
| Q3 24 | $16.6B | $5.4B | ||
| Q2 24 | $15.2B | $5.2B | ||
| Q1 24 | $14.7B | $5.1B |
负债/权益比FAFPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $369.3M | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $324.5M | $135.6M |
| 自由现金流率自由现金流/营收 | 15.8% | 8.5% |
| 资本支出强度资本支出/营收 | 2.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.74× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $762.5M | $410.4M |
8季度趋势，按日历期对齐
经营现金流FAFPSN
| Q4 25 | $369.3M | $167.5M | ||
| Q3 25 | $272.5M | $162.8M | ||
| Q2 25 | $361.8M | $159.8M | ||
| Q1 25 | $-52.8M | $-11.8M | ||
| Q4 24 | $324.6M | $126.8M | ||
| Q3 24 | $236.9M | $299.0M | ||
| Q2 24 | $266.7M | $161.2M | ||
| Q1 24 | $69.3M | $-63.4M |
自由现金流FAFPSN
| Q4 25 | $324.5M | $135.6M | ||
| Q3 25 | $223.1M | $149.7M | ||
| Q2 25 | $309.4M | $150.4M | ||
| Q1 25 | $-94.5M | $-25.3M | ||
| Q4 24 | $266.2M | $108.0M | ||
| Q3 24 | $185.4M | $287.3M | ||
| Q2 24 | $210.0M | $152.0M | ||
| Q1 24 | $17.6M | $-72.9M |
自由现金流率FAFPSN
| Q4 25 | 15.8% | 8.5% | ||
| Q3 25 | 11.3% | 9.2% | ||
| Q2 25 | 16.8% | 9.5% | ||
| Q1 25 | -6.0% | -1.6% | ||
| Q4 24 | 15.8% | 6.2% | ||
| Q3 24 | 13.2% | 15.9% | ||
| Q2 24 | 13.0% | 9.1% | ||
| Q1 24 | 1.2% | -4.7% |
资本支出强度FAFPSN
| Q4 25 | 2.2% | 2.0% | ||
| Q3 25 | 2.5% | 0.8% | ||
| Q2 25 | 2.8% | 0.6% | ||
| Q1 25 | 2.6% | 0.9% | ||
| Q4 24 | 3.5% | 1.1% | ||
| Q3 24 | 3.7% | 0.6% | ||
| Q2 24 | 3.5% | 0.6% | ||
| Q1 24 | 3.6% | 0.6% |
现金转化率FAFPSN
| Q4 25 | 1.74× | 3.01× | ||
| Q3 25 | 1.44× | 2.54× | ||
| Q2 25 | 2.48× | 2.89× | ||
| Q1 25 | -0.71× | -0.18× | ||
| Q4 24 | 4.48× | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | 2.30× | 2.33× | ||
| Q1 24 | 1.48× | — |
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
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
