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Freedom Holding Corp.（FRHC）与Jefferies Financial Group Inc.（JEF）财务数据对比。点击上方公司名可切换其他公司
Jefferies Financial Group Inc.的季度营收约是Freedom Holding Corp.的2.7倍（$1.7B vs $628.6M）。Jefferies Financial Group Inc.净利率更高（12.6% vs 12.1%，领先0.5%）。Jefferies Financial Group Inc.自由现金流更多（$1.9B vs $651.7M）
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。
杰富瑞金融集团是总部位于美国纽约的金融服务企业，在纽约证券交易所挂牌上市，同时位列财富1000强榜单，为全球客户提供专业的金融相关服务。
FRHC vs JEF — 直观对比
营收规模更大
JEF
是对方的2.7倍
$628.6M
净利率更高
JEF
高出0.5%
12.1%
自由现金流更多
JEF
多$1.3B
$651.7M
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $1.7B |
| 净利润 | $76.2M | $211.3M |
| 毛利率 | 96.0% | 95.7% |
| 营业利润率 | 14.9% | 15.2% |
| 净利率 | 12.1% | 12.6% |
| 营收同比 | -4.1% | — |
| 净利润同比 | -2.6% | — |
| 每股收益（稀释后） | $1.25 | $0.85 |
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FRHCJEF
| Q4 25 | $628.6M | $1.7B | ||
| Q3 25 | $526.1M | $1.5B | ||
| Q2 25 | $533.4M | $1.2B | ||
| Q1 25 | $363.7M | $1.1B | ||
| Q4 24 | $655.2M | — | ||
| Q3 24 | $580.9M | $1.2B | ||
| Q2 24 | $450.7M | $1.0B | ||
| Q1 24 | $464.7M | $971.2M |
净利润FRHCJEF
| Q4 25 | $76.2M | $211.3M | ||
| Q3 25 | $38.7M | $242.5M | ||
| Q2 25 | $30.4M | $91.4M | ||
| Q1 25 | $-142.7M | $136.8M | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $114.7M | $181.0M | ||
| Q2 24 | $34.4M | $154.7M | ||
| Q1 24 | $95.2M | $156.4M |
毛利率FRHCJEF
| Q4 25 | 96.0% | 95.7% | ||
| Q3 25 | 97.1% | 97.7% | ||
| Q2 25 | 97.4% | 96.5% | ||
| Q1 25 | 96.6% | 96.4% | ||
| Q4 24 | 98.6% | — | ||
| Q3 24 | 99.1% | 96.9% | ||
| Q2 24 | 99.0% | 96.4% | ||
| Q1 24 | — | 96.4% |
营业利润率FRHCJEF
| Q4 25 | 14.9% | 15.2% | ||
| Q3 25 | 11.5% | 22.1% | ||
| Q2 25 | 7.6% | 11.0% | ||
| Q1 25 | -42.7% | 13.2% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 22.1% | 20.7% | ||
| Q2 24 | 9.2% | 22.0% | ||
| Q1 24 | 22.5% | 22.7% |
净利率FRHCJEF
| Q4 25 | 12.1% | 12.6% | ||
| Q3 25 | 7.4% | 16.1% | ||
| Q2 25 | 5.7% | 7.4% | ||
| Q1 25 | -39.2% | 12.0% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 19.7% | 14.8% | ||
| Q2 24 | 7.6% | 14.9% | ||
| Q1 24 | 20.5% | 16.1% |
每股收益（稀释后）FRHCJEF
| Q4 25 | $1.25 | $0.85 | ||
| Q3 25 | $0.63 | $1.01 | ||
| Q2 25 | $0.50 | $0.40 | ||
| Q1 25 | $-2.35 | $0.57 | ||
| Q4 24 | $1.29 | — | ||
| Q3 24 | $1.89 | $0.75 | ||
| Q2 24 | $0.57 | $0.64 | ||
| Q1 24 | $1.60 | $0.66 |
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 | $14.0B |
| 总债务越低越好 | — | $15.9B |
| 股东权益账面价值 | $1.4B | $10.6B |
| 总资产 | $12.4B | $76.0B |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资FRHCJEF
| Q4 25 | $869.2M | $14.0B | ||
| Q3 25 | $636.0M | $11.5B | ||
| Q2 25 | $567.9M | $11.3B | ||
| Q1 25 | $837.3M | $11.2B | ||
| Q4 24 | $577.9M | — | ||
| Q3 24 | $569.2M | $10.6B | ||
| Q2 24 | $718.7M | $10.8B | ||
| Q1 24 | $545.1M | $7.6B |
总债务FRHCJEF
| Q4 25 | — | $15.9B | ||
| Q3 25 | — | $16.0B | ||
| Q2 25 | — | $15.4B | ||
| Q1 25 | — | $14.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $12.9B | ||
| Q2 24 | — | $12.7B | ||
| Q1 24 | — | $9.9B |
股东权益FRHCJEF
| Q4 25 | $1.4B | $10.6B | ||
| Q3 25 | $1.2B | $10.4B | ||
| Q2 25 | $1.2B | $10.3B | ||
| Q1 25 | $1.2B | $10.2B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $10.0B | ||
| Q2 24 | $1.1B | $9.9B | ||
| Q1 24 | $1.2B | $9.8B |
总资产FRHCJEF
| Q4 25 | $12.4B | $76.0B | ||
| Q3 25 | $10.3B | $69.3B | ||
| Q2 25 | $9.7B | $67.3B | ||
| Q1 25 | $9.9B | $70.2B | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $8.8B | $63.3B | ||
| Q2 24 | $8.5B | $63.0B | ||
| Q1 24 | $8.3B | $60.9B |
负债/权益比FRHCJEF
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.01× |
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 | $2.0B |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $1.9B |
| 自由现金流率自由现金流/营收 | 103.7% | 114.2% |
| 资本支出强度资本支出/营收 | 10.5% | 3.4% |
| 现金转化率经营现金流/净利润 | 9.42× | 9.30× |
| 过去12个月自由现金流最近4个季度 | — | $-1.7B |
8季度趋势，按日历期对齐
经营现金流FRHCJEF
| Q4 25 | $717.8M | $2.0B | ||
| Q3 25 | $535.3M | $184.2M | ||
| Q2 25 | $480.8M | $-978.3M | ||
| Q1 25 | $1.3B | $-2.7B | ||
| Q4 24 | $-72.8M | — | ||
| Q3 24 | $-438.0M | — | ||
| Q2 24 | $854.1M | — | ||
| Q1 24 | $309.0M | $-1.3B |
自由现金流FRHCJEF
| Q4 25 | $651.7M | $1.9B | ||
| Q3 25 | $456.4M | $126.0M | ||
| Q2 25 | $450.0M | $-1.0B | ||
| Q1 25 | — | $-2.7B | ||
| Q4 24 | $-92.7M | — | ||
| Q3 24 | $-447.5M | — | ||
| Q2 24 | $829.9M | — | ||
| Q1 24 | — | $-1.4B |
自由现金流率FRHCJEF
| Q4 25 | 103.7% | 114.2% | ||
| Q3 25 | 86.7% | 8.4% | ||
| Q2 25 | 84.4% | -83.3% | ||
| Q1 25 | — | -237.2% | ||
| Q4 24 | -14.1% | — | ||
| Q3 24 | -77.0% | — | ||
| Q2 24 | 184.1% | — | ||
| Q1 24 | — | -139.4% |
资本支出强度FRHCJEF
| Q4 25 | 10.5% | 3.4% | ||
| Q3 25 | 15.0% | 3.9% | ||
| Q2 25 | 5.8% | 3.6% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | — | 9.9% |
现金转化率FRHCJEF
| Q4 25 | 9.42× | 9.30× | ||
| Q3 25 | 13.82× | 0.76× | ||
| Q2 25 | 15.82× | -10.70× | ||
| Q1 25 | — | -19.48× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -3.82× | — | ||
| Q2 24 | 24.83× | — | ||
| Q1 24 | 3.24× | -8.04× |
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
JEF
| Investment Banking Underwriting | $555.6M | 33% |
| Principal Transactions Revenue | $378.3M | 23% |
| Commissions And Other Fees | $356.0M | 21% |
| Other | $177.8M | 11% |
| Internet Connection And Boadband Revenue | $57.0M | 3% |
| Other Sources Of Revenue Miscellaneous | $53.3M | 3% |
| Real Estate | $50.7M | 3% |
| Strategic Affiliates Revenue | $13.8M | 1% |
| Asset Management1 | $12.1M | 1% |
| Fixed Income Services | $1.6M | 0% |
