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伯克希尔·哈撒韦（HEI）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
伯克希尔·哈撒韦的季度营收约是Rithm Capital Corp.的1.5倍（$1.2B vs $828.2M），伯克希尔·哈撒韦净利率更高（15.6% vs 13.2%，领先2.4%），Rithm Capital Corp.同比增速更快（508.5% vs 19.3%），过去两年伯克希尔·哈撒韦的营收复合增速更高（16.2% vs -17.9%）
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。
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。
HEI vs RITM — 直观对比
营收规模更大
HEI
是对方的1.5倍
$828.2M
营收增速更快
RITM
高出489.2%
19.3%
净利率更高
HEI
高出2.4%
13.2%
两年增速更快
HEI
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $828.2M |
| 净利润 | $188.3M | $109.5M |
| 毛利率 | 40.2% | — |
| 营业利润率 | 23.1% | 29.9% |
| 净利率 | 15.6% | 13.2% |
| 营收同比 | 19.3% | 508.5% |
| 净利润同比 | 34.8% | 27.7% |
| 每股收益（稀释后） | $1.32 | $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HEIRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $768.4M | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $992.2M | $619.5M | ||
| Q2 24 | $955.4M | $1.2B |
净利润HEIRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $188.3M | $85.0M | ||
| Q3 25 | $177.3M | $221.5M | ||
| Q2 25 | $156.8M | $311.7M | ||
| Q1 25 | $168.0M | $78.8M | ||
| Q4 24 | $139.7M | $290.2M | ||
| Q3 24 | $136.6M | $121.7M | ||
| Q2 24 | $123.1M | $235.6M |
毛利率HEIRITM
| 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HEIRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 23.1% | 13.8% | ||
| Q3 25 | 23.1% | 21.4% | ||
| Q2 25 | 22.6% | 25.2% | ||
| Q1 25 | 22.0% | 7.4% | ||
| Q4 24 | 21.6% | 23.8% | ||
| Q3 24 | 21.8% | 7.3% | ||
| Q2 24 | 21.9% | 23.6% |
净利率HEIRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 15.6% | 5.7% | ||
| Q3 25 | 15.5% | 20.0% | ||
| Q2 25 | 14.3% | 25.6% | ||
| Q1 25 | 16.3% | 10.3% | ||
| Q4 24 | 13.8% | 14.0% | ||
| Q3 24 | 13.8% | 19.7% | ||
| Q2 24 | 12.9% | 19.2% |
每股收益（稀释后）HEIRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.32 | $0.09 | ||
| Q3 25 | $1.26 | $0.35 | ||
| Q2 25 | $1.12 | $0.53 | ||
| Q1 25 | $1.20 | $0.07 | ||
| Q4 24 | $1.00 | $0.50 | ||
| Q3 24 | $0.97 | $0.20 | ||
| Q2 24 | $0.88 | $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 | $217.8M | — |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $4.3B | $9.1B |
| 总资产 | $8.5B | $53.4B |
| 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HEIRITM
| Q1 26 | — | — | ||
| Q4 25 | $217.8M | $1.8B | ||
| Q3 25 | $261.9M | $1.6B | ||
| Q2 25 | $242.3M | $1.6B | ||
| Q1 25 | $165.5M | $1.5B | ||
| Q4 24 | $162.1M | $1.5B | ||
| Q3 24 | $202.9M | $1.6B | ||
| Q2 24 | $204.2M | $1.2B |
总债务HEIRITM
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $35.4B | ||
| Q3 25 | $2.4B | $32.2B | ||
| Q2 25 | $2.3B | $31.2B | ||
| Q1 25 | $2.3B | $32.2B | ||
| Q4 24 | $2.2B | $32.6B | ||
| Q3 24 | $2.3B | $29.6B | ||
| Q2 24 | $2.4B | $30.1B |
股东权益HEIRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $4.3B | $8.4B | ||
| Q3 25 | $4.1B | $8.5B | ||
| Q2 25 | $4.0B | $7.9B | ||
| Q1 25 | $3.7B | $7.8B | ||
| Q4 24 | $3.6B | $7.8B | ||
| Q3 24 | $3.5B | $7.7B | ||
| Q2 24 | $3.4B | $7.3B |
总资产HEIRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $8.5B | $53.1B | ||
| Q3 25 | $8.5B | $47.2B | ||
| Q2 25 | $8.1B | $44.3B | ||
| Q1 25 | $7.9B | $45.3B | ||
| Q4 24 | $7.6B | $46.0B | ||
| Q3 24 | $7.4B | $42.3B | ||
| Q2 24 | $7.4B | $42.0B |
负债/权益比HEIRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | 4.20× | ||
| Q3 25 | 0.59× | 3.79× | ||
| Q2 25 | 0.57× | 3.92× | ||
| Q1 25 | 0.63× | 4.14× | ||
| Q4 24 | 0.61× | 4.18× | ||
| Q3 24 | 0.64× | 3.87× | ||
| Q2 24 | 0.70× | 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 | $295.3M | — |
| 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× | — |
| 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HEIRITM
| Q1 26 | — | — | ||
| Q4 25 | $295.3M | $-114.6M | ||
| Q3 25 | $231.2M | $-2.0B | ||
| Q2 25 | $204.7M | $-557.1M | ||
| Q1 25 | $203.0M | $1.4B | ||
| Q4 24 | $205.6M | $-1.8B | ||
| Q3 24 | $214.0M | $768.1M | ||
| Q2 24 | $141.1M | $-55.7M |
自由现金流HEIRITM
| 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HEIRITM
| 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HEIRITM
| 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HEIRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.57× | -1.35× | ||
| Q3 25 | 1.30× | -9.22× | ||
| Q2 25 | 1.31× | -1.79× | ||
| Q1 25 | 1.21× | 18.03× | ||
| Q4 24 | 1.47× | -6.04× | ||
| Q3 24 | 1.57× | 6.31× | ||
| Q2 24 | 1.15× | -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
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% |
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% |
