vs
FEDERATED HERMES, INC.（FHI）与Figma, Inc.（FIG）财务数据对比。点击上方公司名可切换其他公司
FEDERATED HERMES, INC.的季度营收约是Figma, Inc.的1.8倍（$482.8M vs $274.2M），FEDERATED HERMES, INC.净利率更高（22.2% vs -400.1%，领先422.3%），Figma, Inc.同比增速更快（38.0% vs 13.7%），FEDERATED HERMES, INC.自由现金流更多（$294.6M vs $49.5M）
方德贺明是总部位于美国宾夕法尼亚州匹兹堡的投资管理机构，成立于1955年，1957年10月18日正式注册。截至2025年12月，公司受托管理客户资产规模达9026亿美元，可为客户提供股票、固定收益、另类/私募市场、多资产及流动性管理等多元投资策略，产品覆盖共同基金、ETF、独立账户、封闭式基金和集合投资基金等品类。
Figma是主打界面设计的协作式网页应用，同时适配macOS与Windows桌面端，支持离线使用。产品聚焦UI/UX设计场景，内置矢量图形编辑、原型制作工具，主打多人实时协作，安卓及iOS移动端应用可支持用户在手机、平板上随时查看并交互预览设计原型。
FHI vs FIG — 直观对比
营收规模更大
FHI
是对方的1.8倍
$274.2M
营收增速更快
FIG
高出24.3%
13.7%
净利率更高
FHI
高出422.3%
-400.1%
自由现金流更多
FHI
多$245.1M
$49.5M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $482.8M | $274.2M |
| 净利润 | $107.0M | $-1.1B |
| 毛利率 | — | 69.4% |
| 营业利润率 | 28.1% | -414.6% |
| 净利率 | 22.2% | -400.1% |
| 营收同比 | 13.7% | 38.0% |
| 净利润同比 | 26.4% | -6933.0% |
| 每股收益（稀释后） | $1.38 | $-2.72 |
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FHIFIG
| Q4 25 | $482.8M | — | ||
| Q3 25 | $469.4M | $274.2M | ||
| Q2 25 | $424.8M | $249.6M | ||
| Q1 25 | $423.5M | — | ||
| Q4 24 | $424.7M | — | ||
| Q3 24 | $408.5M | $198.6M | ||
| Q2 24 | $402.6M | $177.2M | ||
| Q1 24 | $396.4M | — |
净利润FHIFIG
| Q4 25 | $107.0M | — | ||
| Q3 25 | $104.1M | $-1.1B | ||
| Q2 25 | $91.0M | $28.2M | ||
| Q1 25 | $101.1M | — | ||
| Q4 24 | $84.7M | — | ||
| Q3 24 | $87.5M | $-15.6M | ||
| Q2 24 | $21.0M | $-827.9M | ||
| Q1 24 | $75.0M | — |
毛利率FHIFIG
| Q4 25 | — | — | ||
| Q3 25 | — | 69.4% | ||
| Q2 25 | — | 88.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 90.6% | ||
| Q2 24 | — | 77.7% | ||
| Q1 24 | — | — |
营业利润率FHIFIG
| Q4 25 | 28.1% | — | ||
| Q3 25 | 27.6% | -414.6% | ||
| Q2 25 | 27.6% | 0.8% | ||
| Q1 25 | 31.1% | — | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 27.4% | -23.8% | ||
| Q2 24 | 10.1% | -504.7% | ||
| Q1 24 | 24.9% | — |
净利率FHIFIG
| Q4 25 | 22.2% | — | ||
| Q3 25 | 22.2% | -400.1% | ||
| Q2 25 | 21.4% | 11.3% | ||
| Q1 25 | 23.9% | — | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 21.4% | -7.9% | ||
| Q2 24 | 5.2% | -467.2% | ||
| Q1 24 | 18.9% | — |
每股收益（稀释后）FHIFIG
| Q4 25 | $1.38 | — | ||
| Q3 25 | $1.34 | $-2.72 | ||
| Q2 25 | $1.16 | $0.00 | ||
| Q1 25 | $1.25 | — | ||
| Q4 24 | $1.08 | — | ||
| Q3 24 | $1.06 | $-0.07 | ||
| Q2 24 | $0.20 | $-4.39 | ||
| Q1 24 | $0.89 | — |
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 | $582.5M | $1.6B |
| 总债务越低越好 | $348.4M | — |
| 股东权益账面价值 | $1.2B | $1.4B |
| 总资产 | $2.2B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资FHIFIG
| Q4 25 | $582.5M | — | ||
| Q3 25 | $506.3M | $1.6B | ||
| Q2 25 | $371.0M | $1.6B | ||
| Q1 25 | $387.6M | — | ||
| Q4 24 | $504.4M | — | ||
| Q3 24 | $375.0M | $416.1M | ||
| Q2 24 | $307.4M | $586.1M | ||
| Q1 24 | $359.8M | — |
总债务FHIFIG
| Q4 25 | $348.4M | — | ||
| Q3 25 | $348.3M | — | ||
| Q2 25 | $348.2M | — | ||
| Q1 25 | $348.2M | — | ||
| Q4 24 | $348.1M | — | ||
| Q3 24 | $348.0M | — | ||
| Q2 24 | $348.0M | — | ||
| Q1 24 | $347.9M | — |
股东权益FHIFIG
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.0B | $862.4M | ||
| Q1 24 | $1.1B | — |
总资产FHIFIG
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
负债/权益比FHIFIG
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.30× | — |
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 | $297.3M | $51.2M |
| 自由现金流经营现金流 - 资本支出 | $294.6M | $49.5M |
| 自由现金流率自由现金流/营收 | 61.0% | 18.0% |
| 资本支出强度资本支出/营收 | 0.6% | 0.6% |
| 现金转化率经营现金流/净利润 | 2.78× | — |
| 过去12个月自由现金流最近4个季度 | $427.5M | — |
8季度趋势，按日历期对齐
经营现金流FHIFIG
| Q4 25 | $297.3M | — | ||
| Q3 25 | $103.1M | $51.2M | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $346.6M | — | ||
| Q3 24 | $117.1M | — | ||
| Q2 24 | $88.7M | — | ||
| Q1 24 | $14.0M | — |
自由现金流FHIFIG
| Q4 25 | $294.6M | — | ||
| Q3 25 | $101.6M | $49.5M | ||
| Q2 25 | $18.0M | — | ||
| Q1 25 | $13.3M | — | ||
| Q4 24 | $342.5M | — | ||
| Q3 24 | $114.1M | — | ||
| Q2 24 | $82.7M | — | ||
| Q1 24 | $13.5M | — |
自由现金流率FHIFIG
| Q4 25 | 61.0% | — | ||
| Q3 25 | 21.6% | 18.0% | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 80.7% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 3.4% | — |
资本支出强度FHIFIG
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 0.1% | — |
现金转化率FHIFIG
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.09× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 4.22× | — | ||
| Q1 24 | 0.19× | — |
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
FHI
| Investment Advisory Management And Administrative Service | $314.0M | 65% |
| Separateaccounts | $63.9M | 13% |
| Other | $61.2M | 13% |
| Distribution Service | $43.7M | 9% |
FIG
| Non Us | $147.4M | 54% |
| US | $126.8M | 46% |
