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FRIEDMAN INDUSTRIES INC（FRD）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是FRIEDMAN INDUSTRIES INC的1.1倍（$188.3M vs $168.0M），BRC Group Holdings, Inc.净利率更高（47.9% vs 1.8%，领先46.1%），FRIEDMAN INDUSTRIES INC同比增速更快（78.6% vs -21.9%），过去两年FRIEDMAN INDUSTRIES INC的营收复合增速更高（13.3% vs -15.4%）
赫尔曼与弗里德曼（H&F）是一家美国私募股权公司，由沃伦·赫尔曼与塔利·弗里德曼于1984年创立，主要通过杠杆收购及成长资本开展投资业务，核心投资方向覆盖传媒、金融服务、专业服务与信息服务等多个领域。
FRD vs RILY — 直观对比
营收规模更大
RILY
是对方的1.1倍
$168.0M
营收增速更快
FRD
高出100.4%
-21.9%
净利率更高
RILY
高出46.1%
1.8%
两年增速更快
FRD
近两年复合增速
-15.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $168.0M | $188.3M |
| 净利润 | $3.0M | $90.3M |
| 毛利率 | 2.3% | 79.5% |
| 营业利润率 | 2.3% | 32.3% |
| 净利率 | 1.8% | 47.9% |
| 营收同比 | 78.6% | -21.9% |
| 净利润同比 | 364.1% | 1710.8% |
| 每股收益（稀释后） | $0.43 | $2.78 |
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FRDRILY
| Q4 25 | $168.0M | $188.3M | ||
| Q3 25 | $152.4M | $215.3M | ||
| Q2 25 | $134.8M | $188.2M | ||
| Q1 25 | — | $197.2M | ||
| Q4 24 | $94.1M | $241.0M | ||
| Q3 24 | $106.8M | $225.5M | ||
| Q2 24 | $114.6M | $256.0M | ||
| Q1 24 | — | $263.4M |
净利润FRDRILY
| Q4 25 | $3.0M | $90.3M | ||
| Q3 25 | $2.2M | $91.1M | ||
| Q2 25 | $5.0M | $139.5M | ||
| Q1 25 | — | $-10.0M | ||
| Q4 24 | $-1.2M | $-5.6M | ||
| Q3 24 | $-675.0K | $-284.4M | ||
| Q2 24 | $2.6M | $-433.6M | ||
| Q1 24 | — | $-49.2M |
毛利率FRDRILY
| Q4 25 | 2.3% | 79.5% | ||
| Q3 25 | 1.9% | 83.7% | ||
| Q2 25 | 5.2% | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | -0.2% | 82.1% | ||
| Q2 24 | -1.2% | 84.5% | ||
| Q1 24 | — | 85.3% |
营业利润率FRDRILY
| Q4 25 | 2.3% | 32.3% | ||
| Q3 25 | 1.9% | 30.4% | ||
| Q2 25 | 5.2% | 5.7% | ||
| Q1 25 | — | -31.2% | ||
| Q4 24 | -1.3% | -69.2% | ||
| Q3 24 | -0.2% | -36.4% | ||
| Q2 24 | -1.2% | -90.8% | ||
| Q1 24 | — | -6.1% |
净利率FRDRILY
| Q4 25 | 1.8% | 47.9% | ||
| Q3 25 | 1.5% | 42.3% | ||
| Q2 25 | 3.7% | 74.1% | ||
| Q1 25 | — | -5.1% | ||
| Q4 24 | -1.2% | -2.3% | ||
| Q3 24 | -0.6% | -126.1% | ||
| Q2 24 | 2.2% | -169.4% | ||
| Q1 24 | — | -18.7% |
每股收益（稀释后）FRDRILY
| Q4 25 | $0.43 | $2.78 | ||
| Q3 25 | $0.32 | $2.91 | ||
| Q2 25 | $0.71 | $4.50 | ||
| Q1 25 | — | $-0.39 | ||
| Q4 24 | $-0.17 | $-0.01 | ||
| Q3 24 | $-0.10 | $-9.39 | ||
| Q2 24 | $0.37 | $-14.35 | ||
| Q1 24 | — | $-1.71 |
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 | $3.0M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $142.2M | $-171.5M |
| 总资产 | $311.9M | $1.7B |
| 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FRDRILY
| Q4 25 | $3.0M | $226.6M | ||
| Q3 25 | $4.6M | $184.2M | ||
| Q2 25 | $2.1M | $267.4M | ||
| Q1 25 | — | $138.3M | ||
| Q4 24 | $1.1M | $146.9M | ||
| Q3 24 | $2.5M | $159.2M | ||
| Q2 24 | $4.1M | $236.9M | ||
| Q1 24 | — | $190.7M |
总债务FRDRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FRDRILY
| Q4 25 | $142.2M | $-171.5M | ||
| Q3 25 | $139.3M | $-260.5M | ||
| Q2 25 | $137.3M | $-351.7M | ||
| Q1 25 | — | $-496.8M | ||
| Q4 24 | $127.3M | $-488.2M | ||
| Q3 24 | $128.8M | $-497.6M | ||
| Q2 24 | $129.7M | $-218.3M | ||
| Q1 24 | — | $228.4M |
总资产FRDRILY
| Q4 25 | $311.9M | $1.7B | ||
| Q3 25 | $311.3M | $1.7B | ||
| Q2 25 | $219.1M | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $210.3M | $1.8B | ||
| Q3 24 | $209.2M | $2.2B | ||
| Q2 24 | $222.8M | $3.2B | ||
| Q1 24 | — | $5.0B |
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 | $-4.7M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $-6.3M | — |
| 自由现金流率自由现金流/营收 | -3.8% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | -1.56× | 0.29× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FRDRILY
| Q4 25 | $-4.7M | $26.2M | ||
| Q3 25 | $434.0K | $-60.6M | ||
| Q2 25 | $15.5M | $-25.6M | ||
| Q1 25 | — | $184.0K | ||
| Q4 24 | — | $-2.7M | ||
| Q3 24 | — | $19.5M | ||
| Q2 24 | $-6.1M | $111.5M | ||
| Q1 24 | — | $135.4M |
自由现金流FRDRILY
| Q4 25 | $-6.3M | — | ||
| Q3 25 | $-2.0M | — | ||
| Q2 25 | $13.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-7.1M | — | ||
| Q1 24 | — | — |
自由现金流率FRDRILY
| Q4 25 | -3.8% | — | ||
| Q3 25 | -1.3% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -6.2% | — | ||
| Q1 24 | — | — |
资本支出强度FRDRILY
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | — | — |
现金转化率FRDRILY
| Q4 25 | -1.56× | 0.29× | ||
| Q3 25 | 0.19× | -0.66× | ||
| Q2 25 | 3.08× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.36× | — | ||
| Q1 24 | — | — |
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
FRD
| Prime Coil | $152.0M | 90% |
| Manufactured Pipe | $14.9M | 9% |
| Customer Owned | $1.1M | 1% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
