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FactSet（FDS）与环球音乐集团（ULH）财务数据对比。点击上方公司名可切换其他公司
FactSet的季度营收约是环球音乐集团的1.6倍（$607.6M vs $385.4M），FactSet净利率更高（25.1% vs 1.0%，领先24.1%），FactSet同比增速更快（6.9% vs -17.1%），FactSet自由现金流更多（$90.4M vs $14.3M），过去两年FactSet的营收复合增速更高（5.5% vs -11.5%）
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
环球音乐集团是依据荷兰法律成立的跨国音乐企业集团，企业总部设在荷兰希尔弗瑟姆，运营总部位于美国加利福尼亚州圣莫尼卡。作为全球规模最大的音乐公司，它与索尼音乐娱乐、华纳音乐集团并称为三大唱片巨头。2020年腾讯斥资30亿欧元收购了其百分之二十的股份。
FDS vs ULH — 直观对比
营收规模更大
FDS
是对方的1.6倍
$385.4M
营收增速更快
FDS
高出24.0%
-17.1%
净利率更高
FDS
高出24.1%
1.0%
自由现金流更多
FDS
多$76.2M
$14.3M
两年增速更快
FDS
近两年复合增速
-11.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $607.6M | $385.4M |
| 净利润 | $152.6M | $3.7M |
| 毛利率 | 52.6% | — |
| 营业利润率 | 31.6% | 4.5% |
| 净利率 | 25.1% | 1.0% |
| 营收同比 | 6.9% | -17.1% |
| 净利润同比 | 1.7% | -81.5% |
| 每股收益（稀释后） | $4.06 | $0.14 |
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FDSULH
| Q4 25 | $607.6M | $385.4M | ||
| Q3 25 | $596.9M | $396.8M | ||
| Q2 25 | $585.5M | $393.8M | ||
| Q1 25 | $570.7M | $382.4M | ||
| Q4 24 | $568.7M | $465.1M | ||
| Q3 24 | $562.2M | $426.8M | ||
| Q2 24 | $552.7M | $462.2M | ||
| Q1 24 | $545.9M | $491.9M |
净利润FDSULH
| Q4 25 | $152.6M | $3.7M | ||
| Q3 25 | $153.6M | $-117.9M | ||
| Q2 25 | $148.5M | $8.3M | ||
| Q1 25 | $144.9M | $6.0M | ||
| Q4 24 | $150.0M | $20.2M | ||
| Q3 24 | $89.5M | $26.5M | ||
| Q2 24 | $158.1M | $30.7M | ||
| Q1 24 | $140.9M | $52.5M |
毛利率FDSULH
| Q4 25 | 52.6% | — | ||
| Q3 25 | 51.6% | — | ||
| Q2 25 | 52.1% | — | ||
| Q1 25 | 52.8% | — | ||
| Q4 24 | 54.5% | — | ||
| Q3 24 | 54.1% | — | ||
| Q2 24 | 55.3% | — | ||
| Q1 24 | 53.3% | — |
营业利润率FDSULH
| Q4 25 | 31.6% | 4.5% | ||
| Q3 25 | 29.7% | -29.6% | ||
| Q2 25 | 33.2% | 5.1% | ||
| Q1 25 | 32.5% | 4.1% | ||
| Q4 24 | 33.6% | 8.2% | ||
| Q3 24 | 22.7% | 10.0% | ||
| Q2 24 | 36.6% | 10.2% | ||
| Q1 24 | 33.3% | 15.3% |
净利率FDSULH
| Q4 25 | 25.1% | 1.0% | ||
| Q3 25 | 25.7% | -29.7% | ||
| Q2 25 | 25.4% | 2.1% | ||
| Q1 25 | 25.4% | 1.6% | ||
| Q4 24 | 26.4% | 4.3% | ||
| Q3 24 | 15.9% | 6.2% | ||
| Q2 24 | 28.6% | 6.7% | ||
| Q1 24 | 25.8% | 10.7% |
每股收益（稀释后）FDSULH
| Q4 25 | $4.06 | $0.14 | ||
| Q3 25 | $4.03 | $-4.48 | ||
| Q2 25 | $3.87 | $0.32 | ||
| Q1 25 | $3.76 | $0.23 | ||
| Q4 24 | $3.89 | $0.76 | ||
| Q3 24 | $2.33 | $1.01 | ||
| Q2 24 | $4.09 | $1.17 | ||
| Q1 24 | $3.65 | $1.99 |
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 | $292.7M | $26.8M |
| 总债务越低越好 | $1.4B | $797.6M |
| 股东权益账面价值 | $2.2B | $540.4M |
| 总资产 | $4.2B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.63× | 1.48× |
8季度趋势，按日历期对齐
现金及短期投资FDSULH
| Q4 25 | $292.7M | $26.8M | ||
| Q3 25 | $355.1M | $27.4M | ||
| Q2 25 | $364.0M | $24.3M | ||
| Q1 25 | $287.0M | $20.6M | ||
| Q4 24 | $358.8M | $19.4M | ||
| Q3 24 | $492.6M | $11.8M | ||
| Q2 24 | $522.0M | $7.5M | ||
| Q1 24 | $450.2M | $11.1M |
总债务FDSULH
| Q4 25 | $1.4B | $797.6M | ||
| Q3 25 | $1.4B | $824.2M | ||
| Q2 25 | $1.4B | $795.5M | ||
| Q1 25 | $1.5B | $736.7M | ||
| Q4 24 | $1.4B | $759.1M | ||
| Q3 24 | $1.4B | $557.4M | ||
| Q2 24 | $1.4B | $483.8M | ||
| Q1 24 | $1.5B | $414.1M |
股东权益FDSULH
| Q4 25 | $2.2B | $540.4M | ||
| Q3 25 | $2.2B | $534.9M | ||
| Q2 25 | $2.2B | $653.7M | ||
| Q1 25 | $2.1B | $646.4M | ||
| Q4 24 | $2.0B | $647.0M | ||
| Q3 24 | $1.9B | $631.0M | ||
| Q2 24 | $1.9B | $608.9M | ||
| Q1 24 | $1.8B | $583.9M |
总资产FDSULH
| Q4 25 | $4.2B | $1.8B | ||
| Q3 25 | $4.3B | $1.8B | ||
| Q2 25 | $4.3B | $1.9B | ||
| Q1 25 | $4.2B | $1.8B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $4.1B | $1.6B | ||
| Q2 24 | $4.0B | $1.5B | ||
| Q1 24 | $4.0B | $1.4B |
负债/权益比FDSULH
| Q4 25 | 0.63× | 1.48× | ||
| Q3 25 | 0.63× | 1.54× | ||
| Q2 25 | 0.66× | 1.22× | ||
| Q1 25 | 0.72× | 1.14× | ||
| Q4 24 | 0.68× | 1.17× | ||
| Q3 24 | 0.71× | 0.88× | ||
| Q2 24 | 0.76× | 0.79× | ||
| Q1 24 | 0.83× | 0.71× |
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 | $121.3M | $47.1M |
| 自由现金流经营现金流 - 资本支出 | $90.4M | $14.3M |
| 自由现金流率自由现金流/营收 | 14.9% | 3.7% |
| 资本支出强度资本支出/营收 | 5.1% | 8.5% |
| 现金转化率经营现金流/净利润 | 0.79× | 12.62× |
| 过去12个月自由现金流最近4个季度 | $647.4M | $-41.1M |
8季度趋势，按日历期对齐
经营现金流FDSULH
| Q4 25 | $121.3M | $47.1M | ||
| Q3 25 | $212.1M | $25.9M | ||
| Q2 25 | $253.8M | $25.7M | ||
| Q1 25 | $174.0M | $84.3M | ||
| Q4 24 | $86.4M | $59.7M | ||
| Q3 24 | $163.2M | $6.2M | ||
| Q2 24 | $238.2M | $9.6M | ||
| Q1 24 | $143.8M | $36.9M |
自由现金流FDSULH
| Q4 25 | $90.4M | $14.3M | ||
| Q3 25 | $178.1M | $-28.6M | ||
| Q2 25 | $228.6M | $-58.5M | ||
| Q1 25 | $150.2M | $31.7M | ||
| Q4 24 | $60.5M | $18.9M | ||
| Q3 24 | $137.2M | $-58.9M | ||
| Q2 24 | $216.9M | $-67.6M | ||
| Q1 24 | $121.9M | $-31.7M |
自由现金流率FDSULH
| Q4 25 | 14.9% | 3.7% | ||
| Q3 25 | 29.8% | -7.2% | ||
| Q2 25 | 39.0% | -14.9% | ||
| Q1 25 | 26.3% | 8.3% | ||
| Q4 24 | 10.6% | 4.1% | ||
| Q3 24 | 24.4% | -13.8% | ||
| Q2 24 | 39.2% | -14.6% | ||
| Q1 24 | 22.3% | -6.4% |
资本支出强度FDSULH
| Q4 25 | 5.1% | 8.5% | ||
| Q3 25 | 5.7% | 13.7% | ||
| Q2 25 | 4.3% | 21.4% | ||
| Q1 25 | 4.2% | 13.7% | ||
| Q4 24 | 4.5% | 8.8% | ||
| Q3 24 | 4.6% | 15.3% | ||
| Q2 24 | 3.9% | 16.7% | ||
| Q1 24 | 4.0% | 13.9% |
现金转化率FDSULH
| Q4 25 | 0.79× | 12.62× | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 1.71× | 3.09× | ||
| Q1 25 | 1.20× | 14.02× | ||
| Q4 24 | 0.58× | 2.96× | ||
| Q3 24 | 1.82× | 0.23× | ||
| Q2 24 | 1.51× | 0.31× | ||
| Q1 24 | 1.02× | 0.70× |
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
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
ULH
| Value Added Services | $183.7M | 48% |
| Dedicated Services | $84.9M | 22% |
| Intermodal | $52.7M | 14% |
| Truckload Services | $48.8M | 13% |
| Brokerage Services | $16.1M | 4% |
