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FEDERATED HERMES, INC.（FHI）与纽约时报公司（NYT）财务数据对比。点击上方公司名可切换其他公司
纽约时报公司的季度营收约是FEDERATED HERMES, INC.的1.7倍（$802.3M vs $482.8M），FEDERATED HERMES, INC.净利率更高（22.2% vs 16.2%，领先6.0%），FEDERATED HERMES, INC.同比增速更快（13.7% vs 10.4%），FEDERATED HERMES, INC.自由现金流更多（$294.6M vs $157.6M），过去两年纽约时报公司的营收复合增速更高（16.2% vs 10.4%）
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。
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
FHI vs NYT — 直观对比
营收规模更大
NYT
是对方的1.7倍
$482.8M
营收增速更快
FHI
高出3.3%
10.4%
净利率更高
FHI
高出6.0%
16.2%
自由现金流更多
FHI
多$137.0M
$157.6M
两年增速更快
NYT
近两年复合增速
10.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $482.8M | $802.3M |
| 净利润 | $107.0M | $129.8M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | 20.1% |
| 净利率 | 22.2% | 16.2% |
| 营收同比 | 13.7% | 10.4% |
| 净利润同比 | 26.4% | 4.9% |
| 每股收益（稀释后） | $1.38 | $0.79 |
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FHINYT
| Q4 25 | $482.8M | $802.3M | ||
| Q3 25 | $469.4M | $700.8M | ||
| Q2 25 | $424.8M | $685.9M | ||
| Q1 25 | $423.5M | $635.9M | ||
| Q4 24 | $424.7M | $726.6M | ||
| Q3 24 | $408.5M | $640.2M | ||
| Q2 24 | $402.6M | $625.1M | ||
| Q1 24 | $396.4M | $594.0M |
净利润FHINYT
| Q4 25 | $107.0M | $129.8M | ||
| Q3 25 | $104.1M | $81.6M | ||
| Q2 25 | $91.0M | $82.9M | ||
| Q1 25 | $101.1M | $49.6M | ||
| Q4 24 | $84.7M | $123.7M | ||
| Q3 24 | $87.5M | $64.1M | ||
| Q2 24 | $21.0M | $65.5M | ||
| Q1 24 | $75.0M | $40.4M |
营业利润率FHINYT
| Q4 25 | 28.1% | 20.1% | ||
| Q3 25 | 27.6% | 15.0% | ||
| Q2 25 | 27.6% | 15.5% | ||
| Q1 25 | 31.1% | 9.2% | ||
| Q4 24 | 26.0% | 20.2% | ||
| Q3 24 | 27.4% | 12.0% | ||
| Q2 24 | 10.1% | 12.7% | ||
| Q1 24 | 24.9% | 8.1% |
净利率FHINYT
| Q4 25 | 22.2% | 16.2% | ||
| Q3 25 | 22.2% | 11.7% | ||
| Q2 25 | 21.4% | 12.1% | ||
| Q1 25 | 23.9% | 7.8% | ||
| Q4 24 | 19.9% | 17.0% | ||
| Q3 24 | 21.4% | 10.0% | ||
| Q2 24 | 5.2% | 10.5% | ||
| Q1 24 | 18.9% | 6.8% |
每股收益（稀释后）FHINYT
| Q4 25 | $1.38 | $0.79 | ||
| Q3 25 | $1.34 | $0.50 | ||
| Q2 25 | $1.16 | $0.50 | ||
| Q1 25 | $1.25 | $0.30 | ||
| Q4 24 | $1.08 | $0.74 | ||
| Q3 24 | $1.06 | $0.39 | ||
| Q2 24 | $0.20 | $0.40 | ||
| Q1 24 | $0.89 | $0.24 |
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 | $642.2M |
| 总债务越低越好 | $348.4M | — |
| 股东权益账面价值 | $1.2B | $2.0B |
| 总资产 | $2.2B | $3.0B |
| 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FHINYT
| Q4 25 | $582.5M | $642.2M | ||
| Q3 25 | $506.3M | $617.4M | ||
| Q2 25 | $371.0M | $540.2M | ||
| Q1 25 | $387.6M | $522.1M | ||
| Q4 24 | $504.4M | $565.9M | ||
| Q3 24 | $375.0M | $492.9M | ||
| Q2 24 | $307.4M | $411.4M | ||
| Q1 24 | $359.8M | $379.1M |
总债务FHINYT
| 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FHINYT
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.0B | $1.8B | ||
| Q1 24 | $1.1B | $1.7B |
总资产FHINYT
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $1.9B | $2.7B | ||
| Q1 24 | $2.1B | $2.6B |
负债/权益比FHINYT
| 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 | $164.2M |
| 自由现金流经营现金流 - 资本支出 | $294.6M | $157.6M |
| 自由现金流率自由现金流/营收 | 61.0% | 19.6% |
| 资本支出强度资本支出/营收 | 0.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.78× | 1.26× |
| 过去12个月自由现金流最近4个季度 | $427.5M | $550.5M |
8季度趋势，按日历期对齐
经营现金流FHINYT
| Q4 25 | $297.3M | $164.2M | ||
| Q3 25 | $103.1M | $207.6M | ||
| Q2 25 | $18.8M | $113.6M | ||
| Q1 25 | $14.3M | $99.1M | ||
| Q4 24 | $346.6M | $151.7M | ||
| Q3 24 | $117.1M | $125.5M | ||
| Q2 24 | $88.7M | $80.2M | ||
| Q1 24 | $14.0M | $53.1M |
自由现金流FHINYT
| Q4 25 | $294.6M | $157.6M | ||
| Q3 25 | $101.6M | $199.7M | ||
| Q2 25 | $18.0M | $103.3M | ||
| Q1 25 | $13.3M | $89.9M | ||
| Q4 24 | $342.5M | $143.6M | ||
| Q3 24 | $114.1M | $118.4M | ||
| Q2 24 | $82.7M | $72.6M | ||
| Q1 24 | $13.5M | $46.7M |
自由现金流率FHINYT
| Q4 25 | 61.0% | 19.6% | ||
| Q3 25 | 21.6% | 28.5% | ||
| Q2 25 | 4.2% | 15.1% | ||
| Q1 25 | 3.1% | 14.1% | ||
| Q4 24 | 80.7% | 19.8% | ||
| Q3 24 | 27.9% | 18.5% | ||
| Q2 24 | 20.5% | 11.6% | ||
| Q1 24 | 3.4% | 7.9% |
资本支出强度FHINYT
| Q4 25 | 0.6% | 0.8% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.2% | 1.5% | ||
| Q4 24 | 0.9% | 1.1% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 0.1% | 1.1% |
现金转化率FHINYT
| Q4 25 | 2.78× | 1.26× | ||
| Q3 25 | 0.99× | 2.54× | ||
| Q2 25 | 0.21× | 1.37× | ||
| Q1 25 | 0.14× | 2.00× | ||
| Q4 24 | 4.09× | 1.23× | ||
| Q3 24 | 1.34× | 1.96× | ||
| Q2 24 | 4.22× | 1.22× | ||
| Q1 24 | 0.19× | 1.31× |
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% |
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
