vs
Freedom Holding Corp.（FRHC）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
STIFEL FINANCIAL CORP的季度营收约是Freedom Holding Corp.的1.8倍（$1.1B vs $628.6M）。STIFEL FINANCIAL CORP净利率更高（23.5% vs 12.1%，领先11.3%）。STIFEL FINANCIAL CORP同比增速更快（23.0% vs -4.1%）。Freedom Holding Corp.自由现金流更多（$651.7M vs $369.0M）。过去两年STIFEL FINANCIAL CORP的营收复合增速更高（21.1% 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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
FRHC vs SF — 直观对比
营收规模更大
SF
是对方的1.8倍
$628.6M
营收增速更快
SF
高出27.1%
-4.1%
净利率更高
SF
高出11.3%
12.1%
自由现金流更多
FRHC
多$282.8M
$369.0M
两年增速更快
SF
近两年复合增速
16.3%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $1.1B |
| 净利润 | $76.2M | $264.4M |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | 27.3% |
| 净利率 | 12.1% | 23.5% |
| 营收同比 | -4.1% | 23.0% |
| 净利润同比 | -2.6% | 8.3% |
| 每股收益（稀释后） | $1.25 | $2.30 |
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FRHCSF
| Q4 25 | $628.6M | $1.1B | ||
| Q3 25 | $526.1M | $962.6M | ||
| Q2 25 | $533.4M | $838.9M | ||
| Q1 25 | $363.7M | $842.5M | ||
| Q4 24 | $655.2M | $916.0M | ||
| Q3 24 | $580.9M | $810.9M | ||
| Q2 24 | $450.7M | $798.9M | ||
| Q1 24 | $464.7M | $768.1M |
净利润FRHCSF
| Q4 25 | $76.2M | $264.4M | ||
| Q3 25 | $38.7M | $211.4M | ||
| Q2 25 | $30.4M | $155.1M | ||
| Q1 25 | $-142.7M | $53.0M | ||
| Q4 24 | $78.3M | $244.0M | ||
| Q3 24 | $114.7M | $158.5M | ||
| Q2 24 | $34.4M | $165.3M | ||
| Q1 24 | $95.2M | $163.6M |
毛利率FRHCSF
| 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FRHCSF
| Q4 25 | 14.9% | 27.3% | ||
| Q3 25 | 11.5% | 29.7% | ||
| Q2 25 | 7.6% | 25.5% | ||
| Q1 25 | -42.7% | 7.5% | ||
| Q4 24 | 15.0% | 29.1% | ||
| Q3 24 | 22.1% | 26.7% | ||
| Q2 24 | 9.2% | 28.4% | ||
| Q1 24 | 22.5% | 28.5% |
净利率FRHCSF
| Q4 25 | 12.1% | 23.5% | ||
| Q3 25 | 7.4% | 22.0% | ||
| Q2 25 | 5.7% | 18.5% | ||
| Q1 25 | -39.2% | 6.3% | ||
| Q4 24 | 11.9% | 26.6% | ||
| Q3 24 | 19.7% | 19.5% | ||
| Q2 24 | 7.6% | 20.7% | ||
| Q1 24 | 20.5% | 21.3% |
每股收益（稀释后）FRHCSF
| Q4 25 | $1.25 | $2.30 | ||
| Q3 25 | $0.63 | $1.84 | ||
| Q2 25 | $0.50 | $1.34 | ||
| Q1 25 | $-2.35 | $0.39 | ||
| Q4 24 | $1.29 | $2.10 | ||
| Q3 24 | $1.89 | $1.34 | ||
| Q2 24 | $0.57 | $1.41 | ||
| Q1 24 | $1.60 | $1.40 |
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 | $2.3B |
| 总债务越低越好 | — | $617.4M |
| 股东权益账面价值 | $1.4B | $6.0B |
| 总资产 | $12.4B | $41.3B |
| 负债/权益比越低杠杆越低 | — | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资FRHCSF
| Q4 25 | $869.2M | $2.3B | ||
| Q3 25 | $636.0M | $3.2B | ||
| Q2 25 | $567.9M | $1.9B | ||
| Q1 25 | $837.3M | $2.7B | ||
| Q4 24 | $577.9M | $2.6B | ||
| Q3 24 | $569.2M | $1.9B | ||
| Q2 24 | $718.7M | $2.6B | ||
| Q1 24 | $545.1M | $3.4B |
总债务FRHCSF
| Q4 25 | — | $617.4M | ||
| Q3 25 | — | $617.2M | ||
| Q2 25 | — | $617.0M | ||
| Q1 25 | — | $616.8M | ||
| Q4 24 | — | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益FRHCSF
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.2B | $5.8B | ||
| Q2 25 | $1.2B | $5.6B | ||
| Q1 25 | $1.2B | $5.5B | ||
| Q4 24 | $1.3B | $5.7B | ||
| Q3 24 | $1.3B | $5.6B | ||
| Q2 24 | $1.1B | $5.4B | ||
| Q1 24 | $1.2B | $5.3B |
总资产FRHCSF
| Q4 25 | $12.4B | $41.3B | ||
| Q3 25 | $10.3B | $41.7B | ||
| Q2 25 | $9.7B | $39.9B | ||
| Q1 25 | $9.9B | $40.4B | ||
| Q4 24 | $9.1B | $39.9B | ||
| Q3 24 | $8.8B | $38.9B | ||
| Q2 24 | $8.5B | $37.8B | ||
| Q1 24 | $8.3B | $38.3B |
负债/权益比FRHCSF
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $382.4M |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $369.0M |
| 自由现金流率自由现金流/营收 | 103.7% | 32.7% |
| 资本支出强度资本支出/营收 | 10.5% | 1.2% |
| 现金转化率经营现金流/净利润 | 9.42× | 1.45× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流FRHCSF
| Q4 25 | $717.8M | $382.4M | ||
| Q3 25 | $535.3M | $338.3M | ||
| Q2 25 | $480.8M | $607.5M | ||
| Q1 25 | $1.3B | $-211.2M | ||
| Q4 24 | $-72.8M | $694.6M | ||
| Q3 24 | $-438.0M | $198.3M | ||
| Q2 24 | $854.1M | $207.2M | ||
| Q1 24 | $309.0M | $-609.7M |
自由现金流FRHCSF
| Q4 25 | $651.7M | $369.0M | ||
| Q3 25 | $456.4M | $321.1M | ||
| Q2 25 | $450.0M | $592.7M | ||
| Q1 25 | — | $-227.8M | ||
| Q4 24 | $-92.7M | $677.2M | ||
| Q3 24 | $-447.5M | $185.6M | ||
| Q2 24 | $829.9M | $173.3M | ||
| Q1 24 | — | $-619.4M |
自由现金流率FRHCSF
| Q4 25 | 103.7% | 32.7% | ||
| Q3 25 | 86.7% | 33.4% | ||
| Q2 25 | 84.4% | 70.6% | ||
| Q1 25 | — | -27.0% | ||
| Q4 24 | -14.1% | 73.9% | ||
| Q3 24 | -77.0% | 22.9% | ||
| Q2 24 | 184.1% | 21.7% | ||
| Q1 24 | — | -80.6% |
资本支出强度FRHCSF
| Q4 25 | 10.5% | 1.2% | ||
| Q3 25 | 15.0% | 1.8% | ||
| Q2 25 | 5.8% | 1.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 3.0% | 1.9% | ||
| Q3 24 | 1.6% | 1.6% | ||
| Q2 24 | 5.4% | 4.2% | ||
| Q1 24 | — | 1.3% |
现金转化率FRHCSF
| Q4 25 | 9.42× | 1.45× | ||
| Q3 25 | 13.82× | 1.60× | ||
| Q2 25 | 15.82× | 3.92× | ||
| Q1 25 | — | -3.99× | ||
| Q4 24 | -0.93× | 2.85× | ||
| Q3 24 | -3.82× | 1.25× | ||
| Q2 24 | 24.83× | 1.25× | ||
| Q1 24 | 3.24× | -3.73× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
