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伯克希尔·哈撒韦（HEI）与罗宾汉（HOOD）财务数据对比。点击上方公司名可切换其他公司
伯克希尔·哈撒韦的季度营收约是罗宾汉的1.3倍（$1.2B vs $927.0M），罗宾汉净利率更高（36.2% vs 15.6%，领先20.7%），伯克希尔·哈撒韦同比增速更快（19.3% vs -27.7%），过去两年罗宾汉的营收复合增速更高（16.6% vs 16.2%）
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
HEI vs HOOD — 直观对比
营收规模更大
HEI
是对方的1.3倍
$927.0M
营收增速更快
HEI
高出47.1%
-27.7%
净利率更高
HOOD
高出20.7%
15.6%
两年增速更快
HOOD
近两年复合增速
16.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $927.0M |
| 净利润 | $188.3M | $336.0M |
| 毛利率 | 40.2% | — |
| 营业利润率 | 23.1% | — |
| 净利率 | 15.6% | 36.2% |
| 营收同比 | 19.3% | -27.7% |
| 净利润同比 | 34.8% | -2.9% |
| 每股收益（稀释后） | $1.32 | $336.00 |
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HEIHOOD
| Q1 26 | — | $927.0M | ||
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $989.0M | ||
| Q1 25 | $1.0B | $927.0M | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $992.2M | $637.0M | ||
| Q2 24 | $955.4M | $682.0M |
净利润HEIHOOD
| Q1 26 | — | $336.0M | ||
| Q4 25 | $188.3M | $605.0M | ||
| Q3 25 | $177.3M | $556.0M | ||
| Q2 25 | $156.8M | $386.0M | ||
| Q1 25 | $168.0M | $336.0M | ||
| Q4 24 | $139.7M | $916.0M | ||
| Q3 24 | $136.6M | $150.0M | ||
| Q2 24 | $123.1M | $188.0M |
毛利率HEIHOOD
| Q1 26 | — | — | ||
| Q4 25 | 40.2% | — | ||
| Q3 25 | 39.8% | — | ||
| Q2 25 | 39.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 38.9% | — | ||
| Q3 24 | 39.2% | — | ||
| Q2 24 | 38.9% | — |
营业利润率HEIHOOD
| Q1 26 | — | — | ||
| Q4 25 | 23.1% | 51.5% | ||
| Q3 25 | 23.1% | 49.8% | ||
| Q2 25 | 22.6% | 44.7% | ||
| Q1 25 | 22.0% | 40.0% | ||
| Q4 24 | 21.6% | 55.0% | ||
| Q3 24 | 21.8% | 24.0% | ||
| Q2 24 | 21.9% | 28.0% |
净利率HEIHOOD
| Q1 26 | — | 36.2% | ||
| Q4 25 | 15.6% | 47.2% | ||
| Q3 25 | 15.5% | 43.6% | ||
| Q2 25 | 14.3% | 39.0% | ||
| Q1 25 | 16.3% | 36.2% | ||
| Q4 24 | 13.8% | 90.3% | ||
| Q3 24 | 13.8% | 23.5% | ||
| Q2 24 | 12.9% | 27.6% |
每股收益（稀释后）HEIHOOD
| Q1 26 | — | $336.00 | ||
| Q4 25 | $1.32 | $0.65 | ||
| Q3 25 | $1.26 | $0.61 | ||
| Q2 25 | $1.12 | $0.42 | ||
| Q1 25 | $1.20 | $0.37 | ||
| Q4 24 | $1.00 | $1.00 | ||
| Q3 24 | $0.97 | $0.17 | ||
| Q2 24 | $0.88 | $0.21 |
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 | $217.8M | $4.3B |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $4.3B | $9.2B |
| 总资产 | $8.5B | $38.1B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资HEIHOOD
| Q1 26 | — | $4.3B | ||
| Q4 25 | $217.8M | $4.3B | ||
| Q3 25 | $261.9M | $4.3B | ||
| Q2 25 | $242.3M | $4.2B | ||
| Q1 25 | $165.5M | $4.4B | ||
| Q4 24 | $162.1M | $4.3B | ||
| Q3 24 | $202.9M | $4.6B | ||
| Q2 24 | $204.2M | $4.5B |
总债务HEIHOOD
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — |
股东权益HEIHOOD
| Q1 26 | — | $9.2B | ||
| Q4 25 | $4.3B | $9.2B | ||
| Q3 25 | $4.1B | $8.6B | ||
| Q2 25 | $4.0B | $8.1B | ||
| Q1 25 | $3.7B | $8.0B | ||
| Q4 24 | $3.6B | $8.0B | ||
| Q3 24 | $3.5B | $7.2B | ||
| Q2 24 | $3.4B | $7.1B |
总资产HEIHOOD
| Q1 26 | — | $38.1B | ||
| Q4 25 | $8.5B | $38.1B | ||
| Q3 25 | $8.5B | $41.5B | ||
| Q2 25 | $8.1B | $35.3B | ||
| Q1 25 | $7.9B | $27.5B | ||
| Q4 24 | $7.6B | $26.2B | ||
| Q3 24 | $7.4B | $43.2B | ||
| Q2 24 | $7.4B | $41.3B |
负债/权益比HEIHOOD
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.70× | — |
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 | $295.3M | $642.0M |
| 自由现金流经营现金流 - 资本支出 | $268.5M | — |
| 自由现金流率自由现金流/营收 | 22.2% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.57× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $861.4M | — |
8季度趋势，按日历期对齐
经营现金流HEIHOOD
| Q1 26 | — | $642.0M | ||
| Q4 25 | $295.3M | $-937.0M | ||
| Q3 25 | $231.2M | $-1.6B | ||
| Q2 25 | $204.7M | $3.5B | ||
| Q1 25 | $203.0M | $642.0M | ||
| Q4 24 | $205.6M | $-1.4B | ||
| Q3 24 | $214.0M | $1.8B | ||
| Q2 24 | $141.1M | $54.0M |
自由现金流HEIHOOD
| Q1 26 | — | — | ||
| Q4 25 | $268.5M | — | ||
| Q3 25 | $218.5M | — | ||
| Q2 25 | $188.7M | — | ||
| Q1 25 | $185.7M | — | ||
| Q4 24 | $189.5M | — | ||
| Q3 24 | $198.1M | — | ||
| Q2 24 | $128.2M | — |
自由现金流率HEIHOOD
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 13.4% | — |
资本支出强度HEIHOOD
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — |
现金转化率HEIHOOD
| Q1 26 | — | 1.91× | ||
| Q4 25 | 1.57× | -1.55× | ||
| Q3 25 | 1.30× | -2.83× | ||
| Q2 25 | 1.31× | 9.09× | ||
| Q1 25 | 1.21× | 1.91× | ||
| Q4 24 | 1.47× | -1.53× | ||
| Q3 24 | 1.57× | 12.08× | ||
| Q2 24 | 1.15× | 0.29× |
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
HEI
| Aftermarket Replacement Parts | $510.0M | 42% |
| Electronic Componentsfor Defense Spaceand Aerospace | $311.8M | 26% |
| Defenseand Space | $170.6M | 14% |
| Specialty Products | $118.9M | 10% |
| Other Electronic Components | $73.0M | 6% |
| Other Industries | $15.9M | 1% |
HOOD
| Transaction-based revenues | $583.0M | 63% |
| Other | $290.0M | 31% |
| Other revenues | $54.0M | 6% |
