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Freedom Holding Corp.（FRHC）与XP Inc.（XP）财务数据对比。点击上方公司名可切换其他公司
XP Inc.的季度营收约是Freedom Holding Corp.的21.4倍（$13.5B vs $628.6M）。Freedom Holding Corp.净利率更高（12.1% vs 0.0%，领先12.1%）
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。
XP Inc.是巴西知名投资管理企业，提供固定收益产品、股票、投资基金、私人养老金产品，同时开展财富管理及其他金融服务。公司主要服务巴西本土客户，在圣保罗、里约热内卢、纽约、迈阿密、伦敦、日内瓦均设有办事处。
FRHC vs XP — 直观对比
营收规模更大
XP
是对方的21.4倍
$628.6M
净利率更高
FRHC
高出12.1%
0.0%
损益表 — Q3 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $13.5B |
| 净利润 | $76.2M | $22.0K |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | 1.1% |
| 净利率 | 12.1% | 0.0% |
| 营收同比 | -4.1% | — |
| 净利润同比 | -2.6% | — |
| 每股收益（稀释后） | $1.25 | $536884.00 |
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FRHCXP
| Q4 25 | $628.6M | — | ||
| Q3 25 | $526.1M | $13.5B | ||
| Q2 25 | $533.4M | $8.8B | ||
| Q1 25 | $363.7M | $4.3B | ||
| Q4 24 | $655.2M | — | ||
| Q3 24 | $580.9M | $12.6B | ||
| Q2 24 | $450.7M | $8.3B | ||
| Q1 24 | $464.7M | $4.1B |
净利润FRHCXP
| Q4 25 | $76.2M | — | ||
| Q3 25 | $38.7M | $22.0K | ||
| Q2 25 | $30.4M | $22.0K | ||
| Q1 25 | $-142.7M | $22.0K | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $114.7M | $21.0K | ||
| Q2 24 | $34.4M | $21.0K | ||
| Q1 24 | $95.2M | $21.0K |
毛利率FRHCXP
| 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FRHCXP
| Q4 25 | 14.9% | — | ||
| Q3 25 | 11.5% | 1.1% | ||
| Q2 25 | 7.6% | 1.0% | ||
| Q1 25 | -42.7% | 1.1% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 22.1% | 1.0% | ||
| Q2 24 | 9.2% | 0.9% | ||
| Q1 24 | 22.5% | 1.0% |
净利率FRHCXP
| Q4 25 | 12.1% | — | ||
| Q3 25 | 7.4% | 0.0% | ||
| Q2 25 | 5.7% | 0.0% | ||
| Q1 25 | -39.2% | 0.0% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 19.7% | 0.0% | ||
| Q2 24 | 7.6% | 0.0% | ||
| Q1 24 | 20.5% | 0.0% |
每股收益（稀释后）FRHCXP
| Q4 25 | $1.25 | — | ||
| Q3 25 | $0.63 | $536884.00 | ||
| Q2 25 | $0.50 | $537811.00 | ||
| Q1 25 | $-2.35 | $539533.00 | ||
| Q4 24 | $1.29 | — | ||
| Q3 24 | $1.89 | $550958.00 | ||
| Q2 24 | $0.57 | $554030.00 | ||
| Q1 24 | $1.60 | $556675.00 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $20.0B |
| 总资产 | $12.4B | $347.5B |
| 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FRHCXP
| Q4 25 | $869.2M | — | ||
| Q3 25 | $636.0M | — | ||
| Q2 25 | $567.9M | — | ||
| Q1 25 | $837.3M | — | ||
| Q4 24 | $577.9M | — | ||
| Q3 24 | $569.2M | — | ||
| Q2 24 | $718.7M | — | ||
| Q1 24 | $545.1M | — |
股东权益FRHCXP
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.2B | $20.0B | ||
| Q2 25 | $1.2B | $20.0B | ||
| Q1 25 | $1.2B | $20.0B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $19.5B | ||
| Q2 24 | $1.1B | $19.5B | ||
| Q1 24 | $1.2B | $19.5B |
总资产FRHCXP
| Q4 25 | $12.4B | — | ||
| Q3 25 | $10.3B | $347.5B | ||
| Q2 25 | $9.7B | $347.5B | ||
| Q1 25 | $9.9B | $347.5B | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $8.8B | $249.0B | ||
| Q2 24 | $8.5B | $249.0B | ||
| Q1 24 | $8.3B | $249.0B |
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 | — |
| 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× | — |
| 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FRHCXP
| Q4 25 | $717.8M | — | ||
| Q3 25 | $535.3M | — | ||
| Q2 25 | $480.8M | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $-72.8M | — | ||
| Q3 24 | $-438.0M | — | ||
| Q2 24 | $854.1M | — | ||
| Q1 24 | $309.0M | — |
自由现金流FRHCXP
| 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FRHCXP
| 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FRHCXP
| 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FRHCXP
| 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
