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伯克希尔·哈撒韦（HEI）与Primerica, Inc.（PRI）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Primerica, Inc.的1.4倍（$1.2B vs $853.7M），Primerica, Inc.净利率更高（23.1% vs 15.6%，领先7.5%），伯克希尔·哈撒韦同比增速更快（19.3% vs 11.0%），过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs 7.2%）
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。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
HEI vs PRI — 直观对比
营收规模更大
HEI
是对方的1.4倍
$853.7M
营收增速更快
HEI
高出8.3%
11.0%
净利率更高
PRI
高出7.5%
15.6%
两年增速更快
HEI
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $853.7M |
| 净利润 | $188.3M | $197.0M |
| 毛利率 | 40.2% | — |
| 营业利润率 | 23.1% | 28.9% |
| 净利率 | 15.6% | 23.1% |
| 营收同比 | 19.3% | 11.0% |
| 净利润同比 | 34.8% | 17.9% |
| 每股收益（稀释后） | $1.32 | $6.11 |
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HEIPRI
| Q4 25 | $1.2B | $853.7M | ||
| Q3 25 | $1.1B | $839.9M | ||
| Q2 25 | $1.1B | $793.3M | ||
| Q1 25 | $1.0B | $804.8M | ||
| Q4 24 | $1.0B | $768.8M | ||
| Q3 24 | $992.2M | $774.1M | ||
| Q2 24 | $955.4M | $803.4M | ||
| Q1 24 | $896.4M | $742.8M |
净利润HEIPRI
| Q4 25 | $188.3M | $197.0M | ||
| Q3 25 | $177.3M | $206.8M | ||
| Q2 25 | $156.8M | $178.3M | ||
| Q1 25 | $168.0M | $169.1M | ||
| Q4 24 | $139.7M | $167.1M | ||
| Q3 24 | $136.6M | $164.4M | ||
| Q2 24 | $123.1M | $1.2M | ||
| Q1 24 | $114.7M | $137.9M |
毛利率HEIPRI
| 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% | 98.0% | ||
| Q1 24 | 38.7% | 98.2% |
营业利润率HEIPRI
| Q4 25 | 23.1% | 28.9% | ||
| Q3 25 | 23.1% | 32.3% | ||
| Q2 25 | 22.6% | 29.6% | ||
| Q1 25 | 22.0% | 27.5% | ||
| Q4 24 | 21.6% | 64.7% | ||
| Q3 24 | 21.8% | 32.9% | ||
| Q2 24 | 21.9% | 1.0% | ||
| Q1 24 | 20.1% | 24.1% |
净利率HEIPRI
| Q4 25 | 15.6% | 23.1% | ||
| Q3 25 | 15.5% | 24.6% | ||
| Q2 25 | 14.3% | 22.5% | ||
| Q1 25 | 16.3% | 21.0% | ||
| Q4 24 | 13.8% | 21.7% | ||
| Q3 24 | 13.8% | 21.2% | ||
| Q2 24 | 12.9% | 0.1% | ||
| Q1 24 | 12.8% | 18.6% |
每股收益（稀释后）HEIPRI
| Q4 25 | $1.32 | $6.11 | ||
| Q3 25 | $1.26 | $6.35 | ||
| Q2 25 | $1.12 | $5.40 | ||
| Q1 25 | $1.20 | $5.05 | ||
| Q4 24 | $1.00 | $4.92 | ||
| Q3 24 | $0.97 | $4.83 | ||
| Q2 24 | $0.88 | $0.03 | ||
| Q1 24 | $0.82 | $3.93 |
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 | $756.2M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $4.3B | $2.4B |
| 总资产 | $8.5B | $15.0B |
| 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HEIPRI
| Q4 25 | $217.8M | $756.2M | ||
| Q3 25 | $261.9M | $644.9M | ||
| Q2 25 | $242.3M | $621.2M | ||
| Q1 25 | $165.5M | $625.1M | ||
| Q4 24 | $162.1M | $687.8M | ||
| Q3 24 | $202.9M | $550.1M | ||
| Q2 24 | $204.2M | $627.3M | ||
| Q1 24 | $196.3M | $593.4M |
总债务HEIPRI
| 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 | — | ||
| Q1 24 | $2.5B | — |
股东权益HEIPRI
| Q4 25 | $4.3B | $2.4B | ||
| Q3 25 | $4.1B | $2.3B | ||
| Q2 25 | $4.0B | $2.3B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.6B | $2.3B | ||
| Q3 24 | $3.5B | $1.9B | ||
| Q2 24 | $3.4B | $2.1B | ||
| Q1 24 | $3.3B | $2.2B |
总资产HEIPRI
| Q4 25 | $8.5B | $15.0B | ||
| Q3 25 | $8.5B | $14.8B | ||
| Q2 25 | $8.1B | $14.8B | ||
| Q1 25 | $7.9B | $14.6B | ||
| Q4 24 | $7.6B | $14.6B | ||
| Q3 24 | $7.4B | $14.8B | ||
| Q2 24 | $7.4B | $14.6B | ||
| Q1 24 | $7.3B | $14.9B |
负债/权益比HEIPRI
| 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× | — | ||
| Q1 24 | 0.76× | — |
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 | $338.2M |
| 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× | 1.72× |
| 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HEIPRI
| Q4 25 | $295.3M | $338.2M | ||
| Q3 25 | $231.2M | $202.9M | ||
| Q2 25 | $204.7M | $162.6M | ||
| Q1 25 | $203.0M | $197.5M | ||
| Q4 24 | $205.6M | $270.6M | ||
| Q3 24 | $214.0M | $207.3M | ||
| Q2 24 | $141.1M | $173.3M | ||
| Q1 24 | $111.7M | $210.9M |
自由现金流HEIPRI
| 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 | — | ||
| Q1 24 | $98.3M | — |
自由现金流率HEIPRI
| 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% | — | ||
| Q1 24 | 11.0% | — |
资本支出强度HEIPRI
| 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% | — | ||
| Q1 24 | 1.5% | — |
现金转化率HEIPRI
| Q4 25 | 1.57× | 1.72× | ||
| Q3 25 | 1.30× | 0.98× | ||
| Q2 25 | 1.31× | 0.91× | ||
| Q1 25 | 1.21× | 1.17× | ||
| Q4 24 | 1.47× | 1.62× | ||
| Q3 24 | 1.57× | 1.26× | ||
| Q2 24 | 1.15× | 147.98× | ||
| Q1 24 | 0.97× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
