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FTI CONSULTING, INC（FCN）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是FTI CONSULTING, INC的1.8倍（$1.8B vs $990.7M），西蒙地产集团净利率更高（197.6% vs 5.5%，领先192.1%），西蒙地产集团同比增速更快（13.2% vs 10.7%），西蒙地产集团自由现金流更多（$948.8M vs $351.4M），过去两年西蒙地产集团的营收复合增速更高（11.4% vs 3.3%）
FTI咨询成立于1982年，总部位于美国华盛顿特区，是全球顶尖的金融咨询服务商之一。公司核心业务涵盖企业融资与重组、经济咨询、法务与诉讼咨询、战略传播、科技及战略咨询等领域，在31个国家拥有逾7700名员工。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
FCN vs SPG — 直观对比
营收规模更大
SPG
是对方的1.8倍
$990.7M
营收增速更快
SPG
高出2.5%
10.7%
净利率更高
SPG
高出192.1%
5.5%
自由现金流更多
SPG
多$597.5M
$351.4M
两年增速更快
SPG
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $990.7M | $1.8B |
| 净利润 | $54.5M | $3.5B |
| 毛利率 | 31.1% | — |
| 营业利润率 | 9.4% | 49.7% |
| 净利率 | 5.5% | 197.6% |
| 营收同比 | 10.7% | 13.2% |
| 净利润同比 | 9.7% | 358.7% |
| 每股收益（稀释后） | $1.77 | $9.34 |
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FCNSPG
| Q4 25 | $990.7M | $1.8B | ||
| Q3 25 | $956.2M | $1.6B | ||
| Q2 25 | $943.7M | $1.5B | ||
| Q1 25 | $898.3M | $1.5B | ||
| Q4 24 | $894.9M | $1.6B | ||
| Q3 24 | $926.0M | $1.5B | ||
| Q2 24 | $949.2M | $1.5B | ||
| Q1 24 | $928.6M | $1.4B |
净利润FCNSPG
| Q4 25 | $54.5M | $3.5B | ||
| Q3 25 | $82.8M | $702.7M | ||
| Q2 25 | $71.7M | $643.7M | ||
| Q1 25 | $61.8M | $477.9M | ||
| Q4 24 | $49.7M | $771.8M | ||
| Q3 24 | $66.5M | $546.7M | ||
| Q2 24 | $83.9M | $569.4M | ||
| Q1 24 | $80.0M | $841.2M |
毛利率FCNSPG
| Q4 25 | 31.1% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 32.1% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 30.2% | — | ||
| Q3 24 | 32.2% | — | ||
| Q2 24 | 32.8% | — | ||
| Q1 24 | 32.6% | — |
营业利润率FCNSPG
| Q4 25 | 9.4% | 49.7% | ||
| Q3 25 | 12.3% | 50.8% | ||
| Q2 25 | 10.5% | 49.7% | ||
| Q1 25 | 8.8% | 49.4% | ||
| Q4 24 | 5.9% | 52.8% | ||
| Q3 24 | 9.8% | 51.9% | ||
| Q2 24 | 11.0% | 51.7% | ||
| Q1 24 | 10.7% | 51.0% |
净利率FCNSPG
| Q4 25 | 5.5% | 197.6% | ||
| Q3 25 | 8.7% | 43.9% | ||
| Q2 25 | 7.6% | 43.0% | ||
| Q1 25 | 6.9% | 32.4% | ||
| Q4 24 | 5.6% | 48.8% | ||
| Q3 24 | 7.2% | 36.9% | ||
| Q2 24 | 8.8% | 39.0% | ||
| Q1 24 | 8.6% | 58.3% |
每股收益（稀释后）FCNSPG
| Q4 25 | $1.77 | $9.34 | ||
| Q3 25 | $2.60 | $1.86 | ||
| Q2 25 | $2.13 | $1.70 | ||
| Q1 25 | $1.74 | $1.27 | ||
| Q4 24 | $1.39 | $2.04 | ||
| Q3 24 | $1.85 | $1.46 | ||
| Q2 24 | $2.34 | $1.51 | ||
| Q1 24 | $2.23 | $2.25 |
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 | $265.1M | $823.1M |
| 总债务越低越好 | — | $28.4B |
| 股东权益账面价值 | $1.7B | $5.2B |
| 总资产 | $3.5B | $40.6B |
| 负债/权益比越低杠杆越低 | — | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资FCNSPG
| Q4 25 | $265.1M | $823.1M | ||
| Q3 25 | $146.0M | $1.6B | ||
| Q2 25 | $152.8M | $1.2B | ||
| Q1 25 | $151.1M | $1.4B | ||
| Q4 24 | $660.5M | $1.4B | ||
| Q3 24 | $386.3M | $2.5B | ||
| Q2 24 | $226.4M | $2.5B | ||
| Q1 24 | $244.0M | $2.6B |
总债务FCNSPG
| Q4 25 | — | $28.4B | ||
| Q3 25 | — | $25.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $24.8B | ||
| Q4 24 | $0 | $24.3B | ||
| Q3 24 | — | $25.4B | ||
| Q2 24 | $60.0M | $25.3B | ||
| Q1 24 | $205.0M | $25.5B |
股东权益FCNSPG
| Q4 25 | $1.7B | $5.2B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $2.3B | $2.7B | ||
| Q2 24 | $2.1B | $2.9B | ||
| Q1 24 | $2.1B | $3.1B |
总资产FCNSPG
| Q4 25 | $3.5B | $40.6B | ||
| Q3 25 | $3.5B | $33.6B | ||
| Q2 25 | $3.5B | $33.3B | ||
| Q1 25 | $3.3B | $32.5B | ||
| Q4 24 | $3.6B | $32.4B | ||
| Q3 24 | $3.5B | $33.3B | ||
| Q2 24 | $3.4B | $33.4B | ||
| Q1 24 | $3.3B | $33.7B |
负债/权益比FCNSPG
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 10.98× | ||
| Q2 25 | — | 10.36× | ||
| Q1 25 | — | 9.50× | ||
| Q4 24 | 0.00× | 8.25× | ||
| Q3 24 | — | 9.37× | ||
| Q2 24 | 0.03× | 8.59× | ||
| Q1 24 | 0.10× | 8.22× |
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 | $359.8M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $351.4M | $948.8M |
| 自由现金流率自由现金流/营收 | 35.5% | 53.0% |
| 资本支出强度资本支出/营收 | 0.8% | 14.2% |
| 现金转化率经营现金流/净利润 | 6.60× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $93.6M | $3.2B |
8季度趋势，按日历期对齐
经营现金流FCNSPG
| Q4 25 | $359.8M | $1.2B | ||
| Q3 25 | $201.9M | $890.3M | ||
| Q2 25 | $55.7M | $1.2B | ||
| Q1 25 | $-465.2M | $827.2M | ||
| Q4 24 | $315.3M | $1.1B | ||
| Q3 24 | $219.4M | $892.9M | ||
| Q2 24 | $135.2M | $1.1B | ||
| Q1 24 | $-274.8M | $773.1M |
自由现金流FCNSPG
| Q4 25 | $351.4M | $948.8M | ||
| Q3 25 | $187.0M | $685.0M | ||
| Q2 25 | $38.3M | $971.3M | ||
| Q1 25 | $-483.0M | $597.0M | ||
| Q4 24 | $301.6M | $867.7M | ||
| Q3 24 | $212.3M | $706.5M | ||
| Q2 24 | $125.2M | $874.8M | ||
| Q1 24 | $-279.5M | $610.1M |
自由现金流率FCNSPG
| Q4 25 | 35.5% | 53.0% | ||
| Q3 25 | 19.6% | 42.8% | ||
| Q2 25 | 4.1% | 64.8% | ||
| Q1 25 | -53.8% | 40.5% | ||
| Q4 24 | 33.7% | 54.8% | ||
| Q3 24 | 22.9% | 47.7% | ||
| Q2 24 | 13.2% | 60.0% | ||
| Q1 24 | -30.1% | 42.3% |
资本支出强度FCNSPG
| Q4 25 | 0.8% | 14.2% | ||
| Q3 25 | 1.6% | 12.8% | ||
| Q2 25 | 1.8% | 16.3% | ||
| Q1 25 | 2.0% | 15.6% | ||
| Q4 24 | 1.5% | 13.8% | ||
| Q3 24 | 0.8% | 12.6% | ||
| Q2 24 | 1.1% | 12.9% | ||
| Q1 24 | 0.5% | 11.3% |
现金转化率FCNSPG
| Q4 25 | 6.60× | 0.34× | ||
| Q3 25 | 2.44× | 1.27× | ||
| Q2 25 | 0.78× | 1.89× | ||
| Q1 25 | -7.52× | 1.73× | ||
| Q4 24 | 6.34× | 1.41× | ||
| Q3 24 | 3.30× | 1.63× | ||
| Q2 24 | 1.61× | 1.87× | ||
| Q1 24 | -3.44× | 0.92× |
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
FCN
| Corporate Finance Segment | $423.2M | 43% |
| Forensic And Litigation Consulting | $192.9M | 19% |
| Economic Consulting | $176.2M | 18% |
| Strategic Communications | $99.4M | 10% |
| Other | $99.0M | 10% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
