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FTI CONSULTING, INC（FCN）与Travel & Leisure Co.（TNL）财务数据对比。点击上方公司名可切换其他公司
FTI CONSULTING, INC的季度营收约是Travel & Leisure Co.的1.0倍（$990.7M vs $961.0M），Travel & Leisure Co.净利率更高（8.2% vs 5.5%，领先2.7%），FTI CONSULTING, INC同比增速更快（10.7% vs 2.9%），FTI CONSULTING, INC自由现金流更多（$351.4M vs $0），过去两年FTI CONSULTING, INC的营收复合增速更高（3.3% vs -1.2%）
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。
Travel + Leisure Co.是一家总部位于美国佛罗里达州奥兰多的分时度假企业，旗下运营温德姆俱乐部、温德姆WorldMark、玛格丽塔维尔度假俱乐部、雅高度假俱乐部等多个度假所有权品牌，开发、销售并管理分时度假物业，同时主要通过RCI提供分时度假交换服务，还运营Travel + Leisure GO等旅行俱乐部。
FCN vs TNL — 直观对比
营收规模更大
FCN
是对方的1.0倍
$961.0M
营收增速更快
FCN
高出7.8%
2.9%
净利率更高
TNL
高出2.7%
5.5%
自由现金流更多
FCN
多$351.4M
$0
两年增速更快
FCN
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $990.7M | $961.0M |
| 净利润 | $54.5M | $79.0M |
| 毛利率 | 31.1% | — |
| 营业利润率 | 9.4% | 16.5% |
| 净利率 | 5.5% | 8.2% |
| 营收同比 | 10.7% | 2.9% |
| 净利润同比 | 9.7% | 8.2% |
| 每股收益（稀释后） | $1.77 | $1.22 |
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FCNTNL
| Q1 26 | — | $961.0M | ||
| Q4 25 | $990.7M | $1.0B | ||
| Q3 25 | $956.2M | $1.0B | ||
| Q2 25 | $943.7M | $1.0B | ||
| Q1 25 | $898.3M | $934.0M | ||
| Q4 24 | $894.9M | $970.0M | ||
| Q3 24 | $926.0M | $993.0M | ||
| Q2 24 | $949.2M | $985.0M |
净利润FCNTNL
| Q1 26 | — | $79.0M | ||
| Q4 25 | $54.5M | $-62.0M | ||
| Q3 25 | $82.8M | $111.0M | ||
| Q2 25 | $71.7M | $108.0M | ||
| Q1 25 | $61.8M | $73.0M | ||
| Q4 24 | $49.7M | $119.0M | ||
| Q3 24 | $66.5M | $97.0M | ||
| Q2 24 | $83.9M | $129.0M |
毛利率FCNTNL
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | 78.9% | ||
| Q3 25 | 33.3% | 98.8% | ||
| Q2 25 | 32.1% | 97.9% | ||
| Q1 25 | 32.2% | 97.5% | ||
| Q4 24 | 30.2% | 99.0% | ||
| Q3 24 | 32.2% | 97.3% | ||
| Q2 24 | 32.8% | 97.9% |
营业利润率FCNTNL
| Q1 26 | — | 16.5% | ||
| Q4 25 | 9.4% | -2.2% | ||
| Q3 25 | 12.3% | 20.5% | ||
| Q2 25 | 10.5% | 20.2% | ||
| Q1 25 | 8.8% | 16.7% | ||
| Q4 24 | 5.9% | 21.1% | ||
| Q3 24 | 9.8% | 19.0% | ||
| Q2 24 | 11.0% | 19.2% |
净利率FCNTNL
| Q1 26 | — | 8.2% | ||
| Q4 25 | 5.5% | -6.0% | ||
| Q3 25 | 8.7% | 10.6% | ||
| Q2 25 | 7.6% | 10.6% | ||
| Q1 25 | 6.9% | 7.8% | ||
| Q4 24 | 5.6% | 12.3% | ||
| Q3 24 | 7.2% | 9.8% | ||
| Q2 24 | 8.8% | 13.1% |
每股收益（稀释后）FCNTNL
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.77 | $-0.92 | ||
| Q3 25 | $2.60 | $1.67 | ||
| Q2 25 | $2.13 | $1.62 | ||
| Q1 25 | $1.74 | $1.07 | ||
| Q4 24 | $1.39 | $1.70 | ||
| Q3 24 | $1.85 | $1.39 | ||
| Q2 24 | $2.34 | $1.81 |
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 | $254.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | — |
| 总资产 | $3.5B | $6.8B |
| 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FCNTNL
| Q1 26 | — | $254.0M | ||
| Q4 25 | $265.1M | $271.0M | ||
| Q3 25 | $146.0M | $240.0M | ||
| Q2 25 | $152.8M | $212.0M | ||
| Q1 25 | $151.1M | $188.0M | ||
| Q4 24 | $660.5M | $185.0M | ||
| Q3 24 | $386.3M | $194.0M | ||
| Q2 24 | $226.4M | $166.0M |
总债务FCNTNL
| Q1 26 | — | — | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | $0 | $5.6B | ||
| Q3 24 | — | $5.6B | ||
| Q2 24 | $60.0M | $5.6B |
股东权益FCNTNL
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $-981.0M | ||
| Q3 25 | $1.7B | $-821.0M | ||
| Q2 25 | $1.9B | $-852.0M | ||
| Q1 25 | $2.1B | $-903.0M | ||
| Q4 24 | $2.3B | $-881.0M | ||
| Q3 24 | $2.3B | $-862.0M | ||
| Q2 24 | $2.1B | $-885.0M |
总资产FCNTNL
| Q1 26 | — | $6.8B | ||
| Q4 25 | $3.5B | $6.8B | ||
| Q3 25 | $3.5B | $6.9B | ||
| Q2 25 | $3.5B | $6.8B | ||
| Q1 25 | $3.3B | $6.8B | ||
| Q4 24 | $3.6B | $6.7B | ||
| Q3 24 | $3.5B | $6.7B | ||
| Q2 24 | $3.4B | $6.7B |
负债/权益比FCNTNL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.03× | — |
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 | $38.0M |
| 自由现金流经营现金流 - 资本支出 | $351.4M | $0 |
| 自由现金流率自由现金流/营收 | 35.5% | 0.0% |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 6.60× | 0.48× |
| 过去12个月自由现金流最近4个季度 | $93.6M | $423.0M |
8季度趋势，按日历期对齐
经营现金流FCNTNL
| Q1 26 | — | $38.0M | ||
| Q4 25 | $359.8M | $124.0M | ||
| Q3 25 | $201.9M | $163.0M | ||
| Q2 25 | $55.7M | $232.0M | ||
| Q1 25 | $-465.2M | $121.0M | ||
| Q4 24 | $315.3M | $98.0M | ||
| Q3 24 | $219.4M | $145.0M | ||
| Q2 24 | $135.2M | $174.0M |
自由现金流FCNTNL
| Q1 26 | — | $0 | ||
| Q4 25 | $351.4M | $92.0M | ||
| Q3 25 | $187.0M | $136.0M | ||
| Q2 25 | $38.3M | $195.0M | ||
| Q1 25 | $-483.0M | $100.0M | ||
| Q4 24 | $301.6M | $75.0M | ||
| Q3 24 | $212.3M | $125.0M | ||
| Q2 24 | $125.2M | $153.0M |
自由现金流率FCNTNL
| Q1 26 | — | 0.0% | ||
| Q4 25 | 35.5% | 9.0% | ||
| Q3 25 | 19.6% | 13.0% | ||
| Q2 25 | 4.1% | 19.2% | ||
| Q1 25 | -53.8% | 10.7% | ||
| Q4 24 | 33.7% | 7.7% | ||
| Q3 24 | 22.9% | 12.6% | ||
| Q2 24 | 13.2% | 15.5% |
资本支出强度FCNTNL
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 3.1% | ||
| Q3 25 | 1.6% | 2.6% | ||
| Q2 25 | 1.8% | 3.6% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | 1.5% | 2.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 1.1% | 2.1% |
现金转化率FCNTNL
| Q1 26 | — | 0.48× | ||
| Q4 25 | 6.60× | — | ||
| Q3 25 | 2.44× | 1.47× | ||
| Q2 25 | 0.78× | 2.15× | ||
| Q1 25 | -7.52× | 1.66× | ||
| Q4 24 | 6.34× | 0.82× | ||
| Q3 24 | 3.30× | 1.49× | ||
| Q2 24 | 1.61× | 1.35× |
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% |
TNL
| Other | $452.0M | 47% |
| Service and membership fees | $396.0M | 41% |
| Consumer financing | $113.0M | 12% |
