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Freedom Holding Corp.（FRHC）与盈透证券（IBKR）财务数据对比。点击上方公司名可切换其他公司
盈透证券的季度营收约是Freedom Holding Corp.的2.7倍（$1.7B vs $628.6M）。盈透证券净利率更高（70.2% vs 12.1%，领先58.0%）。盈透证券同比增速更快（17.0% vs -4.1%）。过去两年盈透证券的营收复合增速更高（87.6% vs 16.3%）
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。
盈透证券集团是总部位于美国康涅狄格州格林威治的跨国经纪机构，运营着美国日均营收交易量最高的电子交易平台，2024年日均处理交易达260万笔。作为全球最大的外汇市场经纪商，同时也是头部主经纪商之一，服务商品经纪机构，可提供股票、期权、期货等多品类资产的经纪服务。
FRHC vs IBKR — 直观对比
营收规模更大
IBKR
是对方的2.7倍
$628.6M
营收增速更快
IBKR
高出21.0%
-4.1%
净利率更高
IBKR
高出58.0%
12.1%
两年增速更快
IBKR
近两年复合增速
16.3%
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $1.7B |
| 净利润 | $76.2M | $1.2B |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | — |
| 净利率 | 12.1% | 70.2% |
| 营收同比 | -4.1% | 17.0% |
| 净利润同比 | -2.6% | 21.5% |
| 每股收益（稀释后） | $1.25 | $0.59 |
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FRHCIBKR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $628.6M | $667.0M | ||
| Q3 25 | $526.1M | $603.0M | ||
| Q2 25 | $533.4M | $578.0M | ||
| Q1 25 | $363.7M | $592.0M | ||
| Q4 24 | $655.2M | $558.0M | ||
| Q3 24 | $580.9M | $507.0M | ||
| Q2 24 | $450.7M | $474.0M |
净利润FRHCIBKR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $76.2M | $1.2B | ||
| Q3 25 | $38.7M | $1.2B | ||
| Q2 25 | $30.4M | $1.0B | ||
| Q1 25 | $-142.7M | $964.0M | ||
| Q4 24 | $78.3M | $969.0M | ||
| Q3 24 | $114.7M | $834.0M | ||
| Q2 24 | $34.4M | $809.0M |
毛利率FRHCIBKR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FRHCIBKR
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -42.7% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 9.2% | — |
净利率FRHCIBKR
| Q1 26 | — | 70.2% | ||
| Q4 25 | 12.1% | 180.1% | ||
| Q3 25 | 7.4% | 196.7% | ||
| Q2 25 | 5.7% | 174.0% | ||
| Q1 25 | -39.2% | 162.8% | ||
| Q4 24 | 11.9% | 173.7% | ||
| Q3 24 | 19.7% | 164.5% | ||
| Q2 24 | 7.6% | 170.7% |
每股收益（稀释后）FRHCIBKR
| Q1 26 | — | $0.59 | ||
| Q4 25 | $1.25 | $-0.82 | ||
| Q3 25 | $0.63 | $0.59 | ||
| Q2 25 | $0.50 | $0.51 | ||
| Q1 25 | $-2.35 | $1.94 | ||
| Q4 24 | $1.29 | $2.00 | ||
| Q3 24 | $1.89 | $1.67 | ||
| Q2 24 | $0.57 | $1.65 |
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 | $5.1B |
| 总债务越低越好 | — | $12.0M |
| 股东权益账面价值 | $1.4B | $5.6B |
| 总资产 | $12.4B | $218.7B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FRHCIBKR
| Q1 26 | — | $5.1B | ||
| Q4 25 | $869.2M | $5.0B | ||
| Q3 25 | $636.0M | $5.1B | ||
| Q2 25 | $567.9M | $4.7B | ||
| Q1 25 | $837.3M | $3.5B | ||
| Q4 24 | $577.9M | $3.6B | ||
| Q3 24 | $569.2M | $3.6B | ||
| Q2 24 | $718.7M | $3.9B |
总债务FRHCIBKR
| Q1 26 | — | $12.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FRHCIBKR
| Q1 26 | — | $5.6B | ||
| Q4 25 | $1.4B | $5.4B | ||
| Q3 25 | $1.2B | $5.1B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.2B | $4.5B | ||
| Q4 24 | $1.3B | $4.3B | ||
| Q3 24 | $1.3B | $4.1B | ||
| Q2 24 | $1.1B | $3.9B |
总资产FRHCIBKR
| Q1 26 | — | $218.7B | ||
| Q4 25 | $12.4B | $203.2B | ||
| Q3 25 | $10.3B | $200.2B | ||
| Q2 25 | $9.7B | $181.5B | ||
| Q1 25 | $9.9B | $157.7B | ||
| Q4 24 | $9.1B | $150.1B | ||
| Q3 24 | $8.8B | $148.5B | ||
| Q2 24 | $8.5B | $136.6B |
负债/权益比FRHCIBKR
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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FRHCIBKR
| Q1 26 | — | — | ||
| Q4 25 | $717.8M | $1.6B | ||
| Q3 25 | $535.3M | $4.5B | ||
| Q2 25 | $480.8M | $7.1B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $-72.8M | $1.8B | ||
| Q3 24 | $-438.0M | $3.6B | ||
| Q2 24 | $854.1M | $1.6B |
自由现金流FRHCIBKR
| Q1 26 | — | — | ||
| Q4 25 | $651.7M | — | ||
| Q3 25 | $456.4M | — | ||
| Q2 25 | $450.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-92.7M | — | ||
| Q3 24 | $-447.5M | — | ||
| Q2 24 | $829.9M | — |
自由现金流率FRHCIBKR
| Q1 26 | — | — | ||
| Q4 25 | 103.7% | — | ||
| Q3 25 | 86.7% | — | ||
| Q2 25 | 84.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -14.1% | — | ||
| Q3 24 | -77.0% | — | ||
| Q2 24 | 184.1% | — |
资本支出强度FRHCIBKR
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 5.4% | — |
现金转化率FRHCIBKR
| Q1 26 | — | — | ||
| Q4 25 | 9.42× | 1.34× | ||
| Q3 25 | 13.82× | 3.78× | ||
| Q2 25 | 15.82× | 7.10× | ||
| Q1 25 | — | 2.68× | ||
| Q4 24 | -0.93× | 1.90× | ||
| Q3 24 | -3.82× | 4.29× | ||
| Q2 24 | 24.83× | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
