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Freedom Holding Corp.（FRHC）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是Freedom Holding Corp.的1.9倍（$1.2B vs $628.6M），先锋自然资源公司净利率更高（29.0% vs 12.1%，领先16.9%），Freedom Holding Corp.同比增速更快（-4.1% vs -9.8%），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
FRHC vs PR — 直观对比
营收规模更大
PR
是对方的1.9倍
$628.6M
营收增速更快
FRHC
高出5.7%
-9.8%
净利率更高
PR
高出16.9%
12.1%
两年增速更快
FRHC
近两年复合增速
-3.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $1.2B |
| 净利润 | $76.2M | $339.5M |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | 23.1% |
| 净利率 | 12.1% | 29.0% |
| 营收同比 | -4.1% | -9.8% |
| 净利润同比 | -2.6% | 56.7% |
| 每股收益（稀释后） | $1.25 | $0.48 |
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FRHCPR
| Q4 25 | $628.6M | $1.2B | ||
| Q3 25 | $526.1M | $1.3B | ||
| Q2 25 | $533.4M | $1.2B | ||
| Q1 25 | $363.7M | $1.4B | ||
| Q4 24 | $655.2M | $1.3B | ||
| Q3 24 | $580.9M | $1.2B | ||
| Q2 24 | $450.7M | $1.2B | ||
| Q1 24 | $464.7M | $1.2B |
净利润FRHCPR
| Q4 25 | $76.2M | $339.5M | ||
| Q3 25 | $38.7M | $59.2M | ||
| Q2 25 | $30.4M | $207.1M | ||
| Q1 25 | $-142.7M | $329.3M | ||
| Q4 24 | $78.3M | $216.7M | ||
| Q3 24 | $114.7M | $386.4M | ||
| Q2 24 | $34.4M | $235.1M | ||
| Q1 24 | $95.2M | $146.6M |
毛利率FRHCPR
| 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FRHCPR
| Q4 25 | 14.9% | 23.1% | ||
| Q3 25 | 11.5% | 29.6% | ||
| Q2 25 | 7.6% | 24.8% | ||
| Q1 25 | -42.7% | 36.6% | ||
| Q4 24 | 15.0% | 32.8% | ||
| Q3 24 | 22.1% | 32.5% | ||
| Q2 24 | 9.2% | 36.5% | ||
| Q1 24 | 22.5% | 37.7% |
净利率FRHCPR
| Q4 25 | 12.1% | 29.0% | ||
| Q3 25 | 7.4% | 4.5% | ||
| Q2 25 | 5.7% | 17.3% | ||
| Q1 25 | -39.2% | 23.9% | ||
| Q4 24 | 11.9% | 16.7% | ||
| Q3 24 | 19.7% | 31.8% | ||
| Q2 24 | 7.6% | 18.9% | ||
| Q1 24 | 20.5% | 11.8% |
每股收益（稀释后）FRHCPR
| Q4 25 | $1.25 | $0.48 | ||
| Q3 25 | $0.63 | $0.08 | ||
| Q2 25 | $0.50 | $0.28 | ||
| Q1 25 | $-2.35 | $0.44 | ||
| Q4 24 | $1.29 | $0.31 | ||
| Q3 24 | $1.89 | $0.53 | ||
| Q2 24 | $0.57 | $0.36 | ||
| Q1 24 | $1.60 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $1.4B | $10.3B |
| 总资产 | $12.4B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资FRHCPR
| Q4 25 | $869.2M | $153.7M | ||
| Q3 25 | $636.0M | $111.8M | ||
| Q2 25 | $567.9M | $451.0M | ||
| Q1 25 | $837.3M | $702.2M | ||
| Q4 24 | $577.9M | $479.3M | ||
| Q3 24 | $569.2M | $272.0M | ||
| Q2 24 | $718.7M | $47.8M | ||
| Q1 24 | $545.1M | $12.7M |
总债务FRHCPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益FRHCPR
| Q4 25 | $1.4B | $10.3B | ||
| Q3 25 | $1.2B | $10.0B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.2B | $9.4B | ||
| Q4 24 | $1.3B | $9.1B | ||
| Q3 24 | $1.3B | $9.0B | ||
| Q2 24 | $1.1B | $8.3B | ||
| Q1 24 | $1.2B | $7.0B |
总资产FRHCPR
| Q4 25 | $12.4B | $17.9B | ||
| Q3 25 | $10.3B | $17.3B | ||
| Q2 25 | $9.7B | $17.5B | ||
| Q1 25 | $9.9B | $17.1B | ||
| Q4 24 | $9.1B | $16.9B | ||
| Q3 24 | $8.8B | $16.6B | ||
| Q2 24 | $8.5B | $15.4B | ||
| Q1 24 | $8.3B | $15.1B |
负债/权益比FRHCPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 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× | 2.66× |
| 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FRHCPR
| Q4 25 | $717.8M | $904.3M | ||
| Q3 25 | $535.3M | $766.5M | ||
| Q2 25 | $480.8M | $1.0B | ||
| Q1 25 | $1.3B | $898.0M | ||
| Q4 24 | $-72.8M | $871.6M | ||
| Q3 24 | $-438.0M | $954.4M | ||
| Q2 24 | $854.1M | $938.4M | ||
| Q1 24 | $309.0M | $647.6M |
自由现金流FRHCPR
| 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 | — | ||
| Q1 24 | — | — |
自由现金流率FRHCPR
| 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% | — | ||
| Q1 24 | — | — |
资本支出强度FRHCPR
| 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% | — | ||
| Q1 24 | — | — |
现金转化率FRHCPR
| Q4 25 | 9.42× | 2.66× | ||
| Q3 25 | 13.82× | 12.94× | ||
| Q2 25 | 15.82× | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | -0.93× | 4.02× | ||
| Q3 24 | -3.82× | 2.47× | ||
| Q2 24 | 24.83× | 3.99× | ||
| Q1 24 | 3.24× | 4.42× |
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
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
