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Freedom Holding Corp.（FRHC）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Freedom Holding Corp.的1.2倍（$725.6M vs $628.6M），Reddit, Inc.净利率更高（34.7% vs 12.1%，领先22.5%），Reddit, Inc.同比增速更快（69.7% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $263.6M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
FRHC vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.2倍
$628.6M
营收增速更快
RDDT
高出73.7%
-4.1%
净利率更高
RDDT
高出22.5%
12.1%
自由现金流更多
FRHC
多$388.1M
$263.6M
两年增速更快
RDDT
近两年复合增速
16.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $725.6M |
| 净利润 | $76.2M | $251.6M |
| 毛利率 | 96.0% | 91.9% |
| 营业利润率 | 14.9% | 31.9% |
| 净利率 | 12.1% | 34.7% |
| 营收同比 | -4.1% | 69.7% |
| 净利润同比 | -2.6% | 254.2% |
| 每股收益（稀释后） | $1.25 | $1.24 |
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FRHCRDDT
| Q4 25 | $628.6M | $725.6M | ||
| Q3 25 | $526.1M | $584.9M | ||
| Q2 25 | $533.4M | $499.6M | ||
| Q1 25 | $363.7M | $392.4M | ||
| Q4 24 | $655.2M | $427.7M | ||
| Q3 24 | $580.9M | $348.4M | ||
| Q2 24 | $450.7M | $281.2M | ||
| Q1 24 | $464.7M | $243.0M |
净利润FRHCRDDT
| Q4 25 | $76.2M | $251.6M | ||
| Q3 25 | $38.7M | $162.7M | ||
| Q2 25 | $30.4M | $89.3M | ||
| Q1 25 | $-142.7M | $26.2M | ||
| Q4 24 | $78.3M | $71.0M | ||
| Q3 24 | $114.7M | $29.9M | ||
| Q2 24 | $34.4M | $-10.1M | ||
| Q1 24 | $95.2M | $-575.1M |
毛利率FRHCRDDT
| Q4 25 | 96.0% | 91.9% | ||
| Q3 25 | 97.1% | 91.0% | ||
| Q2 25 | 97.4% | 90.8% | ||
| Q1 25 | 96.6% | 90.5% | ||
| Q4 24 | 98.6% | 92.6% | ||
| Q3 24 | 99.1% | 90.1% | ||
| Q2 24 | 99.0% | 89.5% | ||
| Q1 24 | — | 88.6% |
营业利润率FRHCRDDT
| Q4 25 | 14.9% | 31.9% | ||
| Q3 25 | 11.5% | 23.7% | ||
| Q2 25 | 7.6% | 13.6% | ||
| Q1 25 | -42.7% | 1.0% | ||
| Q4 24 | 15.0% | 12.4% | ||
| Q3 24 | 22.1% | 2.0% | ||
| Q2 24 | 9.2% | -11.0% | ||
| Q1 24 | 22.5% | -242.5% |
净利率FRHCRDDT
| Q4 25 | 12.1% | 34.7% | ||
| Q3 25 | 7.4% | 27.8% | ||
| Q2 25 | 5.7% | 17.9% | ||
| Q1 25 | -39.2% | 6.7% | ||
| Q4 24 | 11.9% | 16.6% | ||
| Q3 24 | 19.7% | 8.6% | ||
| Q2 24 | 7.6% | -3.6% | ||
| Q1 24 | 20.5% | -236.7% |
每股收益（稀释后）FRHCRDDT
| Q4 25 | $1.25 | $1.24 | ||
| Q3 25 | $0.63 | $0.80 | ||
| Q2 25 | $0.50 | $0.45 | ||
| Q1 25 | $-2.35 | $0.13 | ||
| Q4 24 | $1.29 | $4.76 | ||
| Q3 24 | $1.89 | $0.16 | ||
| Q2 24 | $0.57 | $-0.06 | ||
| Q1 24 | $1.60 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $2.9B |
| 总资产 | $12.4B | $3.2B |
| 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FRHCRDDT
| Q4 25 | $869.2M | $953.6M | ||
| Q3 25 | $636.0M | $911.7M | ||
| Q2 25 | $567.9M | $734.1M | ||
| Q1 25 | $837.3M | $635.7M | ||
| Q4 24 | $577.9M | $562.1M | ||
| Q3 24 | $569.2M | $515.9M | ||
| Q2 24 | $718.7M | $468.0M | ||
| Q1 24 | $545.1M | $968.5M |
股东权益FRHCRDDT
| Q4 25 | $1.4B | $2.9B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.2B | $2.2B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.2B | $1.8B |
总资产FRHCRDDT
| Q4 25 | $12.4B | $3.2B | ||
| Q3 25 | $10.3B | $2.9B | ||
| Q2 25 | $9.7B | $2.6B | ||
| Q1 25 | $9.9B | $2.4B | ||
| Q4 24 | $9.1B | $2.3B | ||
| Q3 24 | $8.8B | $2.2B | ||
| Q2 24 | $8.5B | $2.1B | ||
| Q1 24 | $8.3B | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $263.6M |
| 自由现金流率自由现金流/营收 | 103.7% | 36.3% |
| 资本支出强度资本支出/营收 | 10.5% | 0.4% |
| 现金转化率经营现金流/净利润 | 9.42× | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流FRHCRDDT
| Q4 25 | $717.8M | $266.8M | ||
| Q3 25 | $535.3M | $185.2M | ||
| Q2 25 | $480.8M | $111.3M | ||
| Q1 25 | $1.3B | $127.6M | ||
| Q4 24 | $-72.8M | $90.0M | ||
| Q3 24 | $-438.0M | $71.6M | ||
| Q2 24 | $854.1M | $28.4M | ||
| Q1 24 | $309.0M | $32.1M |
自由现金流FRHCRDDT
| Q4 25 | $651.7M | $263.6M | ||
| Q3 25 | $456.4M | $183.1M | ||
| Q2 25 | $450.0M | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | $-92.7M | $89.2M | ||
| Q3 24 | $-447.5M | $70.3M | ||
| Q2 24 | $829.9M | $27.2M | ||
| Q1 24 | — | $29.2M |
自由现金流率FRHCRDDT
| Q4 25 | 103.7% | 36.3% | ||
| Q3 25 | 86.7% | 31.3% | ||
| Q2 25 | 84.4% | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | -14.1% | 20.8% | ||
| Q3 24 | -77.0% | 20.2% | ||
| Q2 24 | 184.1% | 9.7% | ||
| Q1 24 | — | 12.0% |
资本支出强度FRHCRDDT
| Q4 25 | 10.5% | 0.4% | ||
| Q3 25 | 15.0% | 0.4% | ||
| Q2 25 | 5.8% | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 3.0% | 0.2% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 5.4% | 0.4% | ||
| Q1 24 | — | 1.2% |
现金转化率FRHCRDDT
| Q4 25 | 9.42× | 1.06× | ||
| Q3 25 | 13.82× | 1.14× | ||
| Q2 25 | 15.82× | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | -0.93× | 1.27× | ||
| Q3 24 | -3.82× | 2.40× | ||
| 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
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
