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FEDERATED HERMES, INC.（FHI）与温德姆酒店及度假村集团（WH）财务数据对比。点击上方公司名可切换其他公司
FEDERATED HERMES, INC.的季度营收约是温德姆酒店及度假村集团的1.4倍（$482.8M vs $334.0M），FEDERATED HERMES, INC.净利率更高（22.2% vs -18.0%，领先40.1%），FEDERATED HERMES, INC.同比增速更快（13.7% vs -0.6%），FEDERATED HERMES, INC.自由现金流更多（$294.6M vs $136.0M），过去两年FEDERATED HERMES, INC.的营收复合增速更高（10.4% vs 4.6%）
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。
温德姆酒店及度假村集团是总部位于美国新泽西州帕西帕尼的酒店企业，自称是全球规模最大的酒店特许经营商，在全球范围内共设有9100家门店，旗下拥有多个酒店及度假住宿品牌，服务全球各地的出行旅客。
FHI vs WH — 直观对比
营收规模更大
FHI
是对方的1.4倍
$334.0M
营收增速更快
FHI
高出14.3%
-0.6%
净利率更高
FHI
高出40.1%
-18.0%
自由现金流更多
FHI
多$158.6M
$136.0M
两年增速更快
FHI
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $482.8M | $334.0M |
| 净利润 | $107.0M | $-60.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | -11.4% |
| 净利率 | 22.2% | -18.0% |
| 营收同比 | 13.7% | -0.6% |
| 净利润同比 | 26.4% | -170.6% |
| 每股收益（稀释后） | $1.38 | $-0.77 |
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FHIWH
| Q4 25 | $482.8M | $334.0M | ||
| Q3 25 | $469.4M | $382.0M | ||
| Q2 25 | $424.8M | $397.0M | ||
| Q1 25 | $423.5M | $316.0M | ||
| Q4 24 | $424.7M | $336.0M | ||
| Q3 24 | $408.5M | $396.0M | ||
| Q2 24 | $402.6M | $367.0M | ||
| Q1 24 | $396.4M | $305.0M |
净利润FHIWH
| Q4 25 | $107.0M | $-60.0M | ||
| Q3 25 | $104.1M | $105.0M | ||
| Q2 25 | $91.0M | $87.0M | ||
| Q1 25 | $101.1M | $61.0M | ||
| Q4 24 | $84.7M | $85.0M | ||
| Q3 24 | $87.5M | $102.0M | ||
| Q2 24 | $21.0M | $86.0M | ||
| Q1 24 | $75.0M | $16.0M |
营业利润率FHIWH
| Q4 25 | 28.1% | -11.4% | ||
| Q3 25 | 27.6% | 46.6% | ||
| Q2 25 | 27.6% | 37.8% | ||
| Q1 25 | 31.1% | 35.4% | ||
| Q4 24 | 26.0% | 38.4% | ||
| Q3 24 | 27.4% | 43.2% | ||
| Q2 24 | 10.1% | 39.5% | ||
| Q1 24 | 24.9% | 16.4% |
净利率FHIWH
| Q4 25 | 22.2% | -18.0% | ||
| Q3 25 | 22.2% | 27.5% | ||
| Q2 25 | 21.4% | 21.9% | ||
| Q1 25 | 23.9% | 19.3% | ||
| Q4 24 | 19.9% | 25.3% | ||
| Q3 24 | 21.4% | 25.8% | ||
| Q2 24 | 5.2% | 23.4% | ||
| Q1 24 | 18.9% | 5.2% |
每股收益（稀释后）FHIWH
| Q4 25 | $1.38 | $-0.77 | ||
| Q3 25 | $1.34 | $1.36 | ||
| Q2 25 | $1.16 | $1.13 | ||
| Q1 25 | $1.25 | $0.78 | ||
| Q4 24 | $1.08 | $1.06 | ||
| Q3 24 | $1.06 | $1.29 | ||
| Q2 24 | $0.20 | $1.07 | ||
| Q1 24 | $0.89 | $0.19 |
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 | $64.0M |
| 总债务越低越好 | $348.4M | $2.5B |
| 股东权益账面价值 | $1.2B | $468.0M |
| 总资产 | $2.2B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.29× | 5.37× |
8季度趋势，按日历期对齐
现金及短期投资FHIWH
| Q4 25 | $582.5M | $64.0M | ||
| Q3 25 | $506.3M | $70.0M | ||
| Q2 25 | $371.0M | $50.0M | ||
| Q1 25 | $387.6M | $48.0M | ||
| Q4 24 | $504.4M | $103.0M | ||
| Q3 24 | $375.0M | $72.0M | ||
| Q2 24 | $307.4M | $70.0M | ||
| Q1 24 | $359.8M | $50.0M |
总债务FHIWH
| Q4 25 | $348.4M | $2.5B | ||
| Q3 25 | $348.3M | $2.6B | ||
| Q2 25 | $348.2M | $2.5B | ||
| Q1 25 | $348.2M | $2.5B | ||
| Q4 24 | $348.1M | $2.4B | ||
| Q3 24 | $348.0M | $2.4B | ||
| Q2 24 | $348.0M | $2.4B | ||
| Q1 24 | $347.9M | $2.2B |
股东权益FHIWH
| Q4 25 | $1.2B | $468.0M | ||
| Q3 25 | $1.2B | $583.0M | ||
| Q2 25 | $1.1B | $570.0M | ||
| Q1 25 | $1.1B | $579.0M | ||
| Q4 24 | $1.1B | $650.0M | ||
| Q3 24 | $1.1B | $583.0M | ||
| Q2 24 | $1.0B | $623.0M | ||
| Q1 24 | $1.1B | $674.0M |
总资产FHIWH
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.2B | $4.3B | ||
| Q2 25 | $2.2B | $4.3B | ||
| Q1 25 | $2.0B | $4.2B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.0B | $4.2B | ||
| Q2 24 | $1.9B | $4.2B | ||
| Q1 24 | $2.1B | $4.1B |
负债/权益比FHIWH
| Q4 25 | 0.29× | 5.37× | ||
| Q3 25 | 0.29× | 4.43× | ||
| Q2 25 | 0.31× | 4.44× | ||
| Q1 25 | 0.32× | 4.29× | ||
| Q4 24 | 0.32× | 3.72× | ||
| Q3 24 | 0.32× | 4.19× | ||
| Q2 24 | 0.34× | 3.83× | ||
| Q1 24 | 0.30× | 3.27× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | $294.6M | $136.0M |
| 自由现金流率自由现金流/营收 | 61.0% | 40.7% |
| 资本支出强度资本支出/营收 | 0.6% | 4.8% |
| 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 | $321.0M |
8季度趋势，按日历期对齐
经营现金流FHIWH
| Q4 25 | $297.3M | $152.0M | ||
| Q3 25 | $103.1M | $86.0M | ||
| Q2 25 | $18.8M | $70.0M | ||
| Q1 25 | $14.3M | $59.0M | ||
| Q4 24 | $346.6M | $134.0M | ||
| Q3 24 | $117.1M | $79.0M | ||
| Q2 24 | $88.7M | $1.0M | ||
| Q1 24 | $14.0M | $76.0M |
自由现金流FHIWH
| Q4 25 | $294.6M | $136.0M | ||
| Q3 25 | $101.6M | $75.0M | ||
| Q2 25 | $18.0M | $58.0M | ||
| Q1 25 | $13.3M | $52.0M | ||
| Q4 24 | $342.5M | $109.0M | ||
| Q3 24 | $114.1M | $71.0M | ||
| Q2 24 | $82.7M | $-6.0M | ||
| Q1 24 | $13.5M | $67.0M |
自由现金流率FHIWH
| Q4 25 | 61.0% | 40.7% | ||
| Q3 25 | 21.6% | 19.6% | ||
| Q2 25 | 4.2% | 14.6% | ||
| Q1 25 | 3.1% | 16.5% | ||
| Q4 24 | 80.7% | 32.4% | ||
| Q3 24 | 27.9% | 17.9% | ||
| Q2 24 | 20.5% | -1.6% | ||
| Q1 24 | 3.4% | 22.0% |
资本支出强度FHIWH
| Q4 25 | 0.6% | 4.8% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.2% | 3.0% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.9% | 7.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 0.1% | 3.0% |
现金转化率FHIWH
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.99× | 0.82× | ||
| Q2 25 | 0.21× | 0.80× | ||
| Q1 25 | 0.14× | 0.97× | ||
| Q4 24 | 4.09× | 1.58× | ||
| Q3 24 | 1.34× | 0.77× | ||
| Q2 24 | 4.22× | 0.01× | ||
| Q1 24 | 0.19× | 4.75× |
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% |
WH
暂无分部数据
