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Freedom Holding Corp.（FRHC）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Freedom Holding Corp.的季度营收约是Stitch Fix, Inc.的1.8倍（$628.6M vs $342.1M），Freedom Holding Corp.净利率更高（12.1% vs -1.9%，领先14.0%），Stitch Fix, Inc.同比增速更快（7.3% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $5.6M），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
FRHC vs SFIX — 直观对比
营收规模更大
FRHC
是对方的1.8倍
$342.1M
营收增速更快
SFIX
高出11.4%
-4.1%
净利率更高
FRHC
高出14.0%
-1.9%
自由现金流更多
FRHC
多$646.2M
$5.6M
两年增速更快
FRHC
近两年复合增速
1.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $342.1M |
| 净利润 | $76.2M | $-6.4M |
| 毛利率 | 96.0% | 43.6% |
| 营业利润率 | 14.9% | -2.5% |
| 净利率 | 12.1% | -1.9% |
| 营收同比 | -4.1% | 7.3% |
| 净利润同比 | -2.6% | -1.7% |
| 每股收益（稀释后） | $1.25 | $-0.05 |
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FRHCSFIX
| Q4 25 | $628.6M | $342.1M | ||
| Q3 25 | $526.1M | $311.2M | ||
| Q2 25 | $533.4M | $325.0M | ||
| Q1 25 | $363.7M | $312.1M | ||
| Q4 24 | $655.2M | $318.8M | ||
| Q3 24 | $580.9M | $319.6M | ||
| Q2 24 | $450.7M | $322.7M | ||
| Q1 24 | $464.7M | $330.4M |
净利润FRHCSFIX
| Q4 25 | $76.2M | $-6.4M | ||
| Q3 25 | $38.7M | $-8.6M | ||
| Q2 25 | $30.4M | $-7.4M | ||
| Q1 25 | $-142.7M | $-6.5M | ||
| Q4 24 | $78.3M | $-6.3M | ||
| Q3 24 | $114.7M | $-36.5M | ||
| Q2 24 | $34.4M | $-21.3M | ||
| Q1 24 | $95.2M | $-35.5M |
毛利率FRHCSFIX
| Q4 25 | 96.0% | 43.6% | ||
| Q3 25 | 97.1% | 43.6% | ||
| Q2 25 | 97.4% | 44.2% | ||
| Q1 25 | 96.6% | 44.5% | ||
| Q4 24 | 98.6% | 45.4% | ||
| Q3 24 | 99.1% | 44.6% | ||
| Q2 24 | 99.0% | 45.5% | ||
| Q1 24 | — | 43.4% |
营业利润率FRHCSFIX
| Q4 25 | 14.9% | -2.5% | ||
| Q3 25 | 11.5% | -3.6% | ||
| Q2 25 | 7.6% | -3.0% | ||
| Q1 25 | -42.7% | -2.9% | ||
| Q4 24 | 15.0% | -2.8% | ||
| Q3 24 | 22.1% | -13.1% | ||
| Q2 24 | 9.2% | -7.7% | ||
| Q1 24 | 22.5% | -11.5% |
净利率FRHCSFIX
| Q4 25 | 12.1% | -1.9% | ||
| Q3 25 | 7.4% | -2.8% | ||
| Q2 25 | 5.7% | -2.3% | ||
| Q1 25 | -39.2% | -2.1% | ||
| Q4 24 | 11.9% | -2.0% | ||
| Q3 24 | 19.7% | -11.4% | ||
| Q2 24 | 7.6% | -6.6% | ||
| Q1 24 | 20.5% | -10.8% |
每股收益（稀释后）FRHCSFIX
| Q4 25 | $1.25 | $-0.05 | ||
| Q3 25 | $0.63 | $-0.06 | ||
| Q2 25 | $0.50 | $-0.06 | ||
| Q1 25 | $-2.35 | $-0.05 | ||
| Q4 24 | $1.29 | $-0.05 | ||
| Q3 24 | $1.89 | $-0.29 | ||
| Q2 24 | $0.57 | $-0.18 | ||
| Q1 24 | $1.60 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $204.1M |
| 总资产 | $12.4B | $530.7M |
| 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FRHCSFIX
| Q4 25 | $869.2M | $244.2M | ||
| Q3 25 | $636.0M | $234.9M | ||
| Q2 25 | $567.9M | $234.2M | ||
| Q1 25 | $837.3M | $219.1M | ||
| Q4 24 | $577.9M | $253.3M | ||
| Q3 24 | $569.2M | $247.0M | ||
| Q2 24 | $718.7M | $244.5M | ||
| Q1 24 | $545.1M | $229.8M |
股东权益FRHCSFIX
| Q4 25 | $1.4B | $204.1M | ||
| Q3 25 | $1.2B | $203.0M | ||
| Q2 25 | $1.2B | $200.4M | ||
| Q1 25 | $1.2B | $197.8M | ||
| Q4 24 | $1.3B | $190.5M | ||
| Q3 24 | $1.3B | $187.0M | ||
| Q2 24 | $1.1B | $208.9M | ||
| Q1 24 | $1.2B | $213.3M |
总资产FRHCSFIX
| Q4 25 | $12.4B | $530.7M | ||
| Q3 25 | $10.3B | $480.6M | ||
| Q2 25 | $9.7B | $484.7M | ||
| Q1 25 | $9.9B | $472.6M | ||
| Q4 24 | $9.1B | $507.1M | ||
| Q3 24 | $8.8B | $486.9M | ||
| Q2 24 | $8.5B | $537.0M | ||
| Q1 24 | $8.3B | $538.3M |
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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $5.6M |
| 自由现金流率自由现金流/营收 | 103.7% | 1.6% |
| 资本支出强度资本支出/营收 | 10.5% | 1.6% |
| 现金转化率经营现金流/净利润 | 9.42× | — |
| 过去12个月自由现金流最近4个季度 | — | $4.9M |
8季度趋势，按日历期对齐
经营现金流FRHCSFIX
| Q4 25 | $717.8M | $10.9M | ||
| Q3 25 | $535.3M | $7.0M | ||
| Q2 25 | $480.8M | $20.5M | ||
| Q1 25 | $1.3B | $-16.2M | ||
| Q4 24 | $-72.8M | $14.3M | ||
| Q3 24 | $-438.0M | $8.2M | ||
| Q2 24 | $854.1M | $21.7M | ||
| Q1 24 | $309.0M | $-22.3M |
自由现金流FRHCSFIX
| Q4 25 | $651.7M | $5.6M | ||
| Q3 25 | $456.4M | $2.8M | ||
| Q2 25 | $450.0M | $16.0M | ||
| Q1 25 | — | $-19.4M | ||
| Q4 24 | $-92.7M | $9.9M | ||
| Q3 24 | $-447.5M | $4.5M | ||
| Q2 24 | $829.9M | $18.9M | ||
| Q1 24 | — | $-26.1M |
自由现金流率FRHCSFIX
| Q4 25 | 103.7% | 1.6% | ||
| Q3 25 | 86.7% | 0.9% | ||
| Q2 25 | 84.4% | 4.9% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | -14.1% | 3.1% | ||
| Q3 24 | -77.0% | 1.4% | ||
| Q2 24 | 184.1% | 5.9% | ||
| Q1 24 | — | -7.9% |
资本支出强度FRHCSFIX
| Q4 25 | 10.5% | 1.6% | ||
| Q3 25 | 15.0% | 1.4% | ||
| Q2 25 | 5.8% | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 1.6% | 1.2% | ||
| Q2 24 | 5.4% | 0.9% | ||
| Q1 24 | — | 1.1% |
现金转化率FRHCSFIX
| Q4 25 | 9.42× | — | ||
| Q3 25 | 13.82× | — | ||
| Q2 25 | 15.82× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -3.82× | — | ||
| 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
