vs
格罗方德（GFS）与普信集团（TROW）财务数据对比。点击上方公司名可切换其他公司
普信集团的季度营收约是格罗方德的1.1倍（$1.9B vs $1.7B），普信集团净利率更高（23.0% vs 14.8%，领先8.3%），普信集团同比增速更快（6.0% vs -2.9%），过去两年普信集团的营收复合增速更高（5.1% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
普信集团（T. Rowe Price）是美国上市的全球性资产管理机构，面向个人、机构及金融中介提供基金、次咨询服务、独立账户管理、退休规划等多元金融服务。截至2023年，公司管理资产规模超1.51万亿美元，年营收64.8亿美元，位列美国财富1000强第537位。
GFS vs TROW — 直观对比
营收规模更大
TROW
是对方的1.1倍
$1.7B
营收增速更快
TROW
高出8.9%
-2.9%
净利率更高
TROW
高出8.3%
14.8%
两年增速更快
TROW
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.9B |
| 净利润 | $249.0M | $445.3M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | 24.4% |
| 净利率 | 14.8% | 23.0% |
| 营收同比 | -2.9% | 6.0% |
| 净利润同比 | 39.9% | 1.2% |
| 每股收益（稀释后） | $0.44 | $1.98 |
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GFSTROW
| Q4 25 | — | $1.9B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.5B | $1.8B |
净利润GFSTROW
| Q4 25 | — | $445.3M | ||
| Q3 25 | $249.0M | $646.1M | ||
| Q2 25 | $228.0M | $505.2M | ||
| Q1 25 | $211.0M | $490.5M | ||
| Q4 24 | — | $439.9M | ||
| Q3 24 | $178.0M | $603.0M | ||
| Q2 24 | $155.0M | $483.4M | ||
| Q1 24 | $134.0M | $573.8M |
毛利率GFSTROW
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 25.4% | — |
营业利润率GFSTROW
| Q4 25 | — | 24.4% | ||
| Q3 25 | 11.6% | 34.0% | ||
| Q2 25 | 11.6% | 27.8% | ||
| Q1 25 | 9.5% | 33.8% | ||
| Q4 24 | — | 31.2% | ||
| Q3 24 | 10.6% | 34.4% | ||
| Q2 24 | 9.5% | 32.6% | ||
| Q1 24 | 9.5% | 33.5% |
净利率GFSTROW
| Q4 25 | — | 23.0% | ||
| Q3 25 | 14.8% | 34.1% | ||
| Q2 25 | 13.5% | 29.3% | ||
| Q1 25 | 13.3% | 27.8% | ||
| Q4 24 | — | 24.1% | ||
| Q3 24 | 10.2% | 33.8% | ||
| Q2 24 | 9.5% | 27.9% | ||
| Q1 24 | 8.7% | 32.8% |
每股收益（稀释后）GFSTROW
| Q4 25 | — | $1.98 | ||
| Q3 25 | $0.44 | $2.87 | ||
| Q2 25 | $0.41 | $2.24 | ||
| Q1 25 | $0.38 | $2.15 | ||
| Q4 24 | — | $1.91 | ||
| Q3 24 | $0.32 | $2.64 | ||
| Q2 24 | $0.28 | $2.11 | ||
| Q1 24 | $0.24 | $2.49 |
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 | $2.0B | $3.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $10.9B |
| 总资产 | $16.7B | $14.3B |
| 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GFSTROW
| Q4 25 | — | $3.4B | ||
| Q3 25 | $2.0B | $3.6B | ||
| Q2 25 | $1.8B | $3.1B | ||
| Q1 25 | $1.6B | $2.8B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $2.2B | $2.7B | ||
| Q1 24 | $2.2B | $2.4B |
股东权益GFSTROW
| Q4 25 | — | $10.9B | ||
| Q3 25 | $11.8B | $10.8B | ||
| Q2 25 | $11.5B | $10.6B | ||
| Q1 25 | $11.1B | $10.4B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | $11.6B | $10.2B | ||
| Q2 24 | $11.3B | $9.9B | ||
| Q1 24 | $11.3B | $9.8B |
总资产GFSTROW
| Q4 25 | — | $14.3B | ||
| Q3 25 | $16.7B | $14.7B | ||
| Q2 25 | $16.8B | $14.3B | ||
| Q1 25 | $16.5B | $14.0B | ||
| Q4 24 | — | $13.5B | ||
| Q3 24 | $18.1B | $13.7B | ||
| Q2 24 | — | $13.1B | ||
| Q1 24 | — | $12.9B |
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 | $595.0M | $-18.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-85.4M |
| 自由现金流率自由现金流/营收 | — | -4.4% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | 2.39× | -0.04× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流GFSTROW
| Q4 25 | — | $-18.7M | ||
| Q3 25 | $595.0M | $609.3M | ||
| Q2 25 | $431.0M | $529.9M | ||
| Q1 25 | $331.0M | $632.9M | ||
| Q4 24 | — | $-281.9M | ||
| Q3 24 | $375.0M | $652.5M | ||
| Q2 24 | $402.0M | $677.7M | ||
| Q1 24 | $488.0M | $637.3M |
自由现金流GFSTROW
| Q4 25 | — | $-85.4M | ||
| Q3 25 | — | $546.0M | ||
| Q2 25 | — | $467.7M | ||
| Q1 25 | — | $550.9M | ||
| Q4 24 | — | $-394.9M | ||
| Q3 24 | — | $547.9M | ||
| Q2 24 | — | $574.4M | ||
| Q1 24 | — | $534.8M |
自由现金流率GFSTROW
| Q4 25 | — | -4.4% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | — | 27.1% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | -21.6% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 30.6% |
资本支出强度GFSTROW
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 5.9% |
现金转化率GFSTROW
| Q4 25 | — | -0.04× | ||
| Q3 25 | 2.39× | 0.94× | ||
| Q2 25 | 1.89× | 1.05× | ||
| Q1 25 | 1.57× | 1.29× | ||
| Q4 24 | — | -0.64× | ||
| Q3 24 | 2.11× | 1.08× | ||
| Q2 24 | 2.59× | 1.40× | ||
| Q1 24 | 3.64× | 1.11× |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
TROW
| Asset Management1 | $1.7B | 90% |
| Administrative Distribution Servicing And Other Fee Revenue | $141.5M | 7% |
| Other | $40.8M | 2% |
| Performance Based Advisory Fees | $14.2M | 1% |
