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Freedom Holding Corp.（FRHC）与Galaxy Digital Inc.（GLXY）财务数据对比。点击上方公司名可切换其他公司
Galaxy Digital Inc.的季度营收约是Freedom Holding Corp.的37.1倍（$23.3B vs $628.6M）。Freedom Holding Corp.净利率更高（12.1% vs -3.3%，领先15.5%）
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
Digital Chocolate是总部位于美国加州圣马特奥的电子游戏开发发行商，由艺电（EA）及3DO公司创始人特里普·霍金斯于2003年创立，主打Java ME功能机、iOS、Windows平台游戏，也推出过部分非娱乐类产品，品牌口号为「把握当下」。
FRHC vs GLXY — 直观对比
营收规模更大
GLXY
是对方的37.1倍
$628.6M
净利率更高
FRHC
高出15.5%
-3.3%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $23.3B |
| 净利润 | $76.2M | $-777.1M |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | -3.7% |
| 净利率 | 12.1% | -3.3% |
| 营收同比 | -4.1% | — |
| 净利润同比 | -2.6% | — |
| 每股收益（稀释后） | $1.25 | — |
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FRHCGLXY
| Q4 25 | $628.6M | $23.3B | ||
| Q3 25 | $526.1M | $28.4B | ||
| Q2 25 | $533.4M | $8.6B | ||
| Q1 25 | $363.7M | $0 | ||
| Q4 24 | $655.2M | — | ||
| Q3 24 | $580.9M | $8.5B | ||
| Q2 24 | $450.7M | $8.9B | ||
| Q1 24 | $464.7M | $0 |
净利润FRHCGLXY
| Q4 25 | $76.2M | $-777.1M | ||
| Q3 25 | $38.7M | $505.1M | ||
| Q2 25 | $30.4M | $30.7M | ||
| Q1 25 | $-142.7M | $0 | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $114.7M | $-33.3M | ||
| Q2 24 | $34.4M | $-125.6M | ||
| Q1 24 | $95.2M | $-1.0K |
毛利率FRHCGLXY
| Q4 25 | 96.0% | — | ||
| Q3 25 | 97.1% | — | ||
| Q2 25 | 97.4% | — | ||
| Q1 25 | 96.6% | — | ||
| Q4 24 | 98.6% | — | ||
| Q3 24 | 99.1% | — | ||
| Q2 24 | 99.0% | — | ||
| Q1 24 | — | — |
营业利润率FRHCGLXY
| Q4 25 | 14.9% | -3.7% | ||
| Q3 25 | 11.5% | 1.9% | ||
| Q2 25 | 7.6% | 0.5% | ||
| Q1 25 | -42.7% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 22.1% | -0.5% | ||
| Q2 24 | 9.2% | -1.6% | ||
| Q1 24 | 22.5% | — |
净利率FRHCGLXY
| Q4 25 | 12.1% | -3.3% | ||
| Q3 25 | 7.4% | 1.8% | ||
| Q2 25 | 5.7% | 0.4% | ||
| Q1 25 | -39.2% | — | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 19.7% | -0.4% | ||
| Q2 24 | 7.6% | -1.4% | ||
| Q1 24 | 20.5% | — |
每股收益（稀释后）FRHCGLXY
| Q4 25 | $1.25 | — | ||
| Q3 25 | $0.63 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $-2.35 | — | ||
| Q4 24 | $1.29 | — | ||
| Q3 24 | $1.89 | — | ||
| Q2 24 | $0.57 | — | ||
| Q1 24 | $1.60 | — |
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 | $869.2M | $2.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $2.0B |
| 总资产 | $12.4B | $11.3B |
| 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FRHCGLXY
| Q4 25 | $869.2M | $2.0B | ||
| Q3 25 | $636.0M | $2.0B | ||
| Q2 25 | $567.9M | $1.4B | ||
| Q1 25 | $837.3M | $1.0K | ||
| Q4 24 | $577.9M | — | ||
| Q3 24 | $569.2M | — | ||
| Q2 24 | $718.7M | — | ||
| Q1 24 | $545.1M | — |
股东权益FRHCGLXY
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.0K | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.1B | $2.1B | ||
| Q1 24 | $1.2B | $2.0K |
总资产FRHCGLXY
| Q4 25 | $12.4B | $11.3B | ||
| Q3 25 | $10.3B | $11.5B | ||
| Q2 25 | $9.7B | $9.1B | ||
| Q1 25 | $9.9B | $1.0K | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $8.8B | — | ||
| Q2 24 | $8.5B | — | ||
| Q1 24 | $8.3B | — |
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 | $717.8M | $-1.1B |
| 自由现金流经营现金流 - 资本支出 | $651.7M | — |
| 自由现金流率自由现金流/营收 | 103.7% | — |
| 资本支出强度资本支出/营收 | 10.5% | — |
| 现金转化率经营现金流/净利润 | 9.42× | — |
| 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FRHCGLXY
| Q4 25 | $717.8M | $-1.1B | ||
| Q3 25 | $535.3M | $427.7M | ||
| Q2 25 | $480.8M | $329.3M | ||
| Q1 25 | $1.3B | $0 | ||
| Q4 24 | $-72.8M | — | ||
| Q3 24 | $-438.0M | — | ||
| Q2 24 | $854.1M | — | ||
| Q1 24 | $309.0M | $-1.0K |
自由现金流FRHCGLXY
| Q4 25 | $651.7M | — | ||
| Q3 25 | $456.4M | $189.6M | ||
| Q2 25 | $450.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-92.7M | — | ||
| Q3 24 | $-447.5M | — | ||
| Q2 24 | $829.9M | — | ||
| Q1 24 | — | — |
自由现金流率FRHCGLXY
| Q4 25 | 103.7% | — | ||
| Q3 25 | 86.7% | 0.7% | ||
| Q2 25 | 84.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -14.1% | — | ||
| Q3 24 | -77.0% | — | ||
| Q2 24 | 184.1% | — | ||
| Q1 24 | — | — |
资本支出强度FRHCGLXY
| Q4 25 | 10.5% | — | ||
| Q3 25 | 15.0% | 0.8% | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | — | — |
现金转化率FRHCGLXY
| Q4 25 | 9.42× | — | ||
| Q3 25 | 13.82× | 0.85× | ||
| Q2 25 | 15.82× | 10.73× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -3.82× | — | ||
| Q2 24 | 24.83× | — | ||
| Q1 24 | 3.24× | — |
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
FRHC
暂无分部数据
GLXY
| Other | $13.0B | 56% |
| Digital Assets Sales | $10.2B | 44% |
| Blockchain Rewards | $57.0M | 0% |
| Fee | $27.4M | 0% |
| Blockchain Rewards From Non Customers | $1.7M | 0% |
