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Graham Holdings Co（GHC）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Graham Holdings Co的季度营收约是Rithm Capital Corp.的1.5倍（$1.3B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 8.7%，领先4.5%），Rithm Capital Corp.同比增速更快（508.5% vs 0.4%），过去两年Graham Holdings Co的营收复合增速更高（4.2% vs -17.9%）
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
GHC vs RITM — 直观对比
营收规模更大
GHC
是对方的1.5倍
$828.2M
营收增速更快
RITM
高出508.1%
0.4%
净利率更高
RITM
高出4.5%
8.7%
两年增速更快
GHC
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $828.2M |
| 净利润 | $108.7M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 3.8% | 29.9% |
| 净利率 | 8.7% | 13.2% |
| 营收同比 | 0.4% | 508.5% |
| 净利润同比 | -80.2% | 27.7% |
| 每股收益（稀释后） | $24.76 | $0.12 |
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GHCRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $768.4M | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.2B | $619.5M | ||
| Q2 24 | $1.2B | $1.2B |
净利润GHCRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $108.7M | $85.0M | ||
| Q3 25 | $122.9M | $221.5M | ||
| Q2 25 | $36.7M | $311.7M | ||
| Q1 25 | $23.9M | $78.8M | ||
| Q4 24 | $548.8M | $290.2M | ||
| Q3 24 | $72.5M | $121.7M | ||
| Q2 24 | $-21.0M | $235.6M |
营业利润率GHCRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 3.8% | 13.8% | ||
| Q3 25 | 5.2% | 21.4% | ||
| Q2 25 | 6.0% | 25.2% | ||
| Q1 25 | 4.1% | 7.4% | ||
| Q4 24 | 5.8% | 23.8% | ||
| Q3 24 | 6.8% | 7.3% | ||
| Q2 24 | 2.2% | 23.6% |
净利率GHCRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 8.7% | 5.7% | ||
| Q3 25 | 9.6% | 20.0% | ||
| Q2 25 | 3.0% | 25.6% | ||
| Q1 25 | 2.0% | 10.3% | ||
| Q4 24 | 44.1% | 14.0% | ||
| Q3 24 | 6.0% | 19.7% | ||
| Q2 24 | -1.8% | 19.2% |
每股收益（稀释后）GHCRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $24.76 | $0.09 | ||
| Q3 25 | $27.91 | $0.35 | ||
| Q2 25 | $8.35 | $0.53 | ||
| Q1 25 | $5.45 | $0.07 | ||
| Q4 24 | $124.05 | $0.50 | ||
| Q3 24 | $16.42 | $0.20 | ||
| Q2 24 | $-4.79 | $0.43 |
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 | $267.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $9.1B |
| 总资产 | $8.4B | $53.4B |
| 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GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | $267.0M | $1.8B | ||
| Q3 25 | $190.8M | $1.6B | ||
| Q2 25 | $176.2M | $1.6B | ||
| Q1 25 | $156.7M | $1.5B | ||
| Q4 24 | $260.9M | $1.5B | ||
| Q3 24 | $244.4M | $1.6B | ||
| Q2 24 | $140.7M | $1.2B |
总债务GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益GHCRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $4.8B | $8.4B | ||
| Q3 25 | $4.5B | $8.5B | ||
| Q2 25 | $4.4B | $7.9B | ||
| Q1 25 | $4.3B | $7.8B | ||
| Q4 24 | $4.3B | $7.8B | ||
| Q3 24 | $4.0B | $7.7B | ||
| Q2 24 | $4.0B | $7.3B |
总资产GHCRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $8.4B | $53.1B | ||
| Q3 25 | $7.9B | $47.2B | ||
| Q2 25 | $7.6B | $44.3B | ||
| Q1 25 | $7.6B | $45.3B | ||
| Q4 24 | $7.7B | $46.0B | ||
| Q3 24 | $7.4B | $42.3B | ||
| Q2 24 | $7.2B | $42.0B |
负债/权益比GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | $28.3M | — |
| 自由现金流经营现金流 - 资本支出 | $5.0M | — |
| 自由现金流率自由现金流/营收 | 0.4% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $275.3M | — |
8季度趋势，按日历期对齐
经营现金流GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | $28.3M | $-114.6M | ||
| Q3 25 | $178.1M | $-2.0B | ||
| Q2 25 | $94.8M | $-557.1M | ||
| Q1 25 | $46.0M | $1.4B | ||
| Q4 24 | $116.3M | $-1.8B | ||
| Q3 24 | $237.6M | $768.1M | ||
| Q2 24 | $52.0M | $-55.7M |
自由现金流GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $161.8M | — | ||
| Q2 25 | $78.0M | — | ||
| Q1 25 | $30.5M | — | ||
| Q4 24 | $91.1M | — | ||
| Q3 24 | $219.4M | — | ||
| Q2 24 | $33.7M | — |
自由现金流率GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 2.8% | — |
资本支出强度GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.5% | — |
现金转化率GHCRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | -1.35× | ||
| Q3 25 | 1.45× | -9.22× | ||
| Q2 25 | 2.58× | -1.79× | ||
| Q1 25 | 1.93× | 18.03× | ||
| Q4 24 | 0.21× | -6.04× | ||
| Q3 24 | 3.28× | 6.31× | ||
| Q2 24 | — | -0.24× |
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
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
