vs
盈透证券（IBKR）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
盈透证券的季度营收约是STIFEL FINANCIAL CORP的1.5倍（$1.7B vs $1.1B）。盈透证券净利率更高（70.2% vs 23.5%，领先46.7%）。STIFEL FINANCIAL CORP同比增速更快（23.0% vs 17.0%）。过去两年盈透证券的营收复合增速更高（87.6% vs 21.1%）
盈透证券集团是总部位于美国康涅狄格州格林威治的跨国经纪机构，运营着美国日均营收交易量最高的电子交易平台，2024年日均处理交易达260万笔。作为全球最大的外汇市场经纪商，同时也是头部主经纪商之一，服务商品经纪机构，可提供股票、期权、期货等多品类资产的经纪服务。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
IBKR vs SF — 直观对比
营收规模更大
IBKR
是对方的1.5倍
$1.1B
营收增速更快
SF
高出6.1%
17.0%
净利率更高
IBKR
高出46.7%
23.5%
两年增速更快
IBKR
近两年复合增速
21.1%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.1B |
| 净利润 | $1.2B | $264.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 27.3% |
| 净利率 | 70.2% | 23.5% |
| 营收同比 | 17.0% | 23.0% |
| 净利润同比 | 21.5% | 8.3% |
| 每股收益（稀释后） | $0.59 | $2.30 |
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IBKRSF
| Q1 26 | $1.7B | — | ||
| Q4 25 | $667.0M | $1.1B | ||
| Q3 25 | $603.0M | $962.6M | ||
| Q2 25 | $578.0M | $838.9M | ||
| Q1 25 | $592.0M | $842.5M | ||
| Q4 24 | $558.0M | $916.0M | ||
| Q3 24 | $507.0M | $810.9M | ||
| Q2 24 | $474.0M | $798.9M |
净利润IBKRSF
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $264.4M | ||
| Q3 25 | $1.2B | $211.4M | ||
| Q2 25 | $1.0B | $155.1M | ||
| Q1 25 | $964.0M | $53.0M | ||
| Q4 24 | $969.0M | $244.0M | ||
| Q3 24 | $834.0M | $158.5M | ||
| Q2 24 | $809.0M | $165.3M |
营业利润率IBKRSF
| Q1 26 | — | — | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 28.4% |
净利率IBKRSF
| Q1 26 | 70.2% | — | ||
| Q4 25 | 180.1% | 23.5% | ||
| Q3 25 | 196.7% | 22.0% | ||
| Q2 25 | 174.0% | 18.5% | ||
| Q1 25 | 162.8% | 6.3% | ||
| Q4 24 | 173.7% | 26.6% | ||
| Q3 24 | 164.5% | 19.5% | ||
| Q2 24 | 170.7% | 20.7% |
每股收益（稀释后）IBKRSF
| Q1 26 | $0.59 | — | ||
| Q4 25 | $-0.82 | $2.30 | ||
| Q3 25 | $0.59 | $1.84 | ||
| Q2 25 | $0.51 | $1.34 | ||
| Q1 25 | $1.94 | $0.39 | ||
| Q4 24 | $2.00 | $2.10 | ||
| Q3 24 | $1.67 | $1.34 | ||
| Q2 24 | $1.65 | $1.41 |
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 | $5.1B | $2.3B |
| 总债务越低越好 | $12.0M | $617.4M |
| 股东权益账面价值 | $5.6B | $6.0B |
| 总资产 | $218.7B | $41.3B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资IBKRSF
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.0B | $2.3B | ||
| Q3 25 | $5.1B | $3.2B | ||
| Q2 25 | $4.7B | $1.9B | ||
| Q1 25 | $3.5B | $2.7B | ||
| Q4 24 | $3.6B | $2.6B | ||
| Q3 24 | $3.6B | $1.9B | ||
| Q2 24 | $3.9B | $2.6B |
总债务IBKRSF
| Q1 26 | $12.0M | — | ||
| Q4 25 | — | $617.4M | ||
| Q3 25 | — | $617.2M | ||
| Q2 25 | — | $617.0M | ||
| Q1 25 | — | $616.8M | ||
| Q4 24 | — | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B |
股东权益IBKRSF
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.4B | $6.0B | ||
| Q3 25 | $5.1B | $5.8B | ||
| Q2 25 | $4.8B | $5.6B | ||
| Q1 25 | $4.5B | $5.5B | ||
| Q4 24 | $4.3B | $5.7B | ||
| Q3 24 | $4.1B | $5.6B | ||
| Q2 24 | $3.9B | $5.4B |
总资产IBKRSF
| Q1 26 | $218.7B | — | ||
| Q4 25 | $203.2B | $41.3B | ||
| Q3 25 | $200.2B | $41.7B | ||
| Q2 25 | $181.5B | $39.9B | ||
| Q1 25 | $157.7B | $40.4B | ||
| Q4 24 | $150.1B | $39.9B | ||
| Q3 24 | $148.5B | $38.9B | ||
| Q2 24 | $136.6B | $37.8B |
负债/权益比IBKRSF
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× |
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 | — | $382.4M |
| 自由现金流经营现金流 - 资本支出 | — | $369.0M |
| 自由现金流率自由现金流/营收 | — | 32.7% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.45× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流IBKRSF
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $382.4M | ||
| Q3 25 | $4.5B | $338.3M | ||
| Q2 25 | $7.1B | $607.5M | ||
| Q1 25 | $2.6B | $-211.2M | ||
| Q4 24 | $1.8B | $694.6M | ||
| Q3 24 | $3.6B | $198.3M | ||
| Q2 24 | $1.6B | $207.2M |
自由现金流IBKRSF
| Q1 26 | — | — | ||
| Q4 25 | — | $369.0M | ||
| Q3 25 | — | $321.1M | ||
| Q2 25 | — | $592.7M | ||
| Q1 25 | — | $-227.8M | ||
| Q4 24 | — | $677.2M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | — | $173.3M |
自由现金流率IBKRSF
| Q1 26 | — | — | ||
| Q4 25 | — | 32.7% | ||
| Q3 25 | — | 33.4% | ||
| Q2 25 | — | 70.6% | ||
| Q1 25 | — | -27.0% | ||
| Q4 24 | — | 73.9% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 21.7% |
资本支出强度IBKRSF
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 4.2% |
现金转化率IBKRSF
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 1.45× | ||
| Q3 25 | 3.78× | 1.60× | ||
| Q2 25 | 7.10× | 3.92× | ||
| Q1 25 | 2.68× | -3.99× | ||
| Q4 24 | 1.90× | 2.85× | ||
| Q3 24 | 4.29× | 1.25× | ||
| Q2 24 | 2.00× | 1.25× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
