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Freedom Holding Corp.（FRHC）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
美森的季度营收约是Freedom Holding Corp.的1.4倍（$851.9M vs $628.6M），美森净利率更高（16.8% vs 12.1%，领先4.7%），Freedom Holding Corp.同比增速更快（-4.1% vs -4.3%），Freedom Holding Corp.自由现金流更多（$651.7M vs $42.2M），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
FRHC vs MATX — 直观对比
营收规模更大
MATX
是对方的1.4倍
$628.6M
营收增速更快
FRHC
高出0.3%
-4.3%
净利率更高
MATX
高出4.7%
12.1%
自由现金流更多
FRHC
多$609.5M
$42.2M
两年增速更快
FRHC
近两年复合增速
8.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $851.9M |
| 净利润 | $76.2M | $143.1M |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | 16.9% |
| 净利率 | 12.1% | 16.8% |
| 营收同比 | -4.1% | -4.3% |
| 净利润同比 | -2.6% | 11.8% |
| 每股收益（稀释后） | $1.25 | $4.47 |
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FRHCMATX
| Q4 25 | $628.6M | $851.9M | ||
| Q3 25 | $526.1M | $880.1M | ||
| Q2 25 | $533.4M | $830.5M | ||
| Q1 25 | $363.7M | $782.0M | ||
| Q4 24 | $655.2M | $890.3M | ||
| Q3 24 | $580.9M | $962.0M | ||
| Q2 24 | $450.7M | $847.4M | ||
| Q1 24 | $464.7M | $722.1M |
净利润FRHCMATX
| Q4 25 | $76.2M | $143.1M | ||
| Q3 25 | $38.7M | $134.7M | ||
| Q2 25 | $30.4M | $94.7M | ||
| Q1 25 | $-142.7M | $72.3M | ||
| Q4 24 | $78.3M | $128.0M | ||
| Q3 24 | $114.7M | $199.1M | ||
| Q2 24 | $34.4M | $113.2M | ||
| Q1 24 | $95.2M | $36.1M |
毛利率FRHCMATX
| 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FRHCMATX
| Q4 25 | 14.9% | 16.9% | ||
| Q3 25 | 11.5% | 18.3% | ||
| Q2 25 | 7.6% | 13.6% | ||
| Q1 25 | -42.7% | 10.5% | ||
| Q4 24 | 15.0% | 16.6% | ||
| Q3 24 | 22.1% | 25.2% | ||
| Q2 24 | 9.2% | 14.7% | ||
| Q1 24 | 22.5% | 5.1% |
净利率FRHCMATX
| Q4 25 | 12.1% | 16.8% | ||
| Q3 25 | 7.4% | 15.3% | ||
| Q2 25 | 5.7% | 11.4% | ||
| Q1 25 | -39.2% | 9.2% | ||
| Q4 24 | 11.9% | 14.4% | ||
| Q3 24 | 19.7% | 20.7% | ||
| Q2 24 | 7.6% | 13.4% | ||
| Q1 24 | 20.5% | 5.0% |
每股收益（稀释后）FRHCMATX
| Q4 25 | $1.25 | $4.47 | ||
| Q3 25 | $0.63 | $4.24 | ||
| Q2 25 | $0.50 | $2.92 | ||
| Q1 25 | $-2.35 | $2.18 | ||
| Q4 24 | $1.29 | $3.69 | ||
| Q3 24 | $1.89 | $5.89 | ||
| Q2 24 | $0.57 | $3.31 | ||
| Q1 24 | $1.60 | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $1.4B | $2.8B |
| 总资产 | $12.4B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资FRHCMATX
| Q4 25 | $869.2M | $141.9M | ||
| Q3 25 | $636.0M | $92.7M | ||
| Q2 25 | $567.9M | $59.1M | ||
| Q1 25 | $837.3M | $122.0M | ||
| Q4 24 | $577.9M | $266.8M | ||
| Q3 24 | $569.2M | $270.3M | ||
| Q2 24 | $718.7M | $168.2M | ||
| Q1 24 | $545.1M | $25.9M |
总债务FRHCMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益FRHCMATX
| Q4 25 | $1.4B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $1.1B | $2.4B | ||
| Q1 24 | $1.2B | $2.4B |
总资产FRHCMATX
| Q4 25 | $12.4B | $4.6B | ||
| Q3 25 | $10.3B | $4.6B | ||
| Q2 25 | $9.7B | $4.5B | ||
| Q1 25 | $9.9B | $4.5B | ||
| Q4 24 | $9.1B | $4.6B | ||
| Q3 24 | $8.8B | $4.4B | ||
| Q2 24 | $8.5B | $4.3B | ||
| Q1 24 | $8.3B | $4.2B |
负债/权益比FRHCMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $42.2M |
| 自由现金流率自由现金流/营收 | 103.7% | 5.0% |
| 资本支出强度资本支出/营收 | 10.5% | 15.8% |
| 现金转化率经营现金流/净利润 | 9.42× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流FRHCMATX
| Q4 25 | $717.8M | $176.9M | ||
| Q3 25 | $535.3M | $175.6M | ||
| Q2 25 | $480.8M | $105.6M | ||
| Q1 25 | $1.3B | $89.0M | ||
| Q4 24 | $-72.8M | $174.7M | ||
| Q3 24 | $-438.0M | $248.6M | ||
| Q2 24 | $854.1M | $307.9M | ||
| Q1 24 | $309.0M | $36.6M |
自由现金流FRHCMATX
| Q4 25 | $651.7M | $42.2M | ||
| Q3 25 | $456.4M | $92.4M | ||
| Q2 25 | $450.0M | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | $-92.7M | $49.3M | ||
| Q3 24 | $-447.5M | $189.0M | ||
| Q2 24 | $829.9M | $238.1M | ||
| Q1 24 | — | $-18.7M |
自由现金流率FRHCMATX
| Q4 25 | 103.7% | 5.0% | ||
| Q3 25 | 86.7% | 10.5% | ||
| Q2 25 | 84.4% | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | -14.1% | 5.5% | ||
| Q3 24 | -77.0% | 19.6% | ||
| Q2 24 | 184.1% | 28.1% | ||
| Q1 24 | — | -2.6% |
资本支出强度FRHCMATX
| Q4 25 | 10.5% | 15.8% | ||
| Q3 25 | 15.0% | 9.5% | ||
| Q2 25 | 5.8% | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | 3.0% | 14.1% | ||
| Q3 24 | 1.6% | 6.2% | ||
| Q2 24 | 5.4% | 8.2% | ||
| Q1 24 | — | 7.7% |
现金转化率FRHCMATX
| Q4 25 | 9.42× | 1.24× | ||
| Q3 25 | 13.82× | 1.30× | ||
| Q2 25 | 15.82× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | -0.93× | 1.36× | ||
| Q3 24 | -3.82× | 1.25× | ||
| Q2 24 | 24.83× | 2.72× | ||
| Q1 24 | 3.24× | 1.01× |
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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
