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JELD-WEN Holding, Inc.（JELD）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
JELD-WEN Holding, Inc.的季度营收约是怡安集团的1.1倍（$802.0M vs $738.0M），怡安集团净利率更高（1.1% vs -5.2%，领先6.3%），怡安集团同比增速更快（13.6% vs -10.5%），过去两年怡安集团的营收复合增速更高（17.1% vs -8.6%）
JELD-WEN是一家总部位于美国北卡罗来纳州夏洛特的企业，在全球19个国家运营着超过120家生产基地。公司主营设计、生产并销售室内外门窗、各类材质窗品、墙体系统、淋浴隔断、衣帽间系统等建筑部件，产品广泛应用于住宅与非住宅建筑的新建、维修及改造工程。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
JELD vs RYAN — 直观对比
营收规模更大
JELD
是对方的1.1倍
$738.0M
营收增速更快
RYAN
高出24.1%
-10.5%
净利率更高
RYAN
高出6.3%
-5.2%
两年增速更快
RYAN
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.0M | $738.0M |
| 净利润 | $-41.9M | $8.0M |
| 毛利率 | 14.7% | — |
| 营业利润率 | -1.8% | 12.4% |
| 净利率 | -5.2% | 1.1% |
| 营收同比 | -10.5% | 13.6% |
| 净利润同比 | 38.7% | -42.0% |
| 每股收益（稀释后） | $-0.50 | — |
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JELDRYAN
| Q4 25 | $802.0M | $738.0M | ||
| Q3 25 | $809.5M | $739.6M | ||
| Q2 25 | $823.7M | $840.9M | ||
| Q1 25 | $776.0M | $676.1M | ||
| Q4 24 | $895.7M | $649.4M | ||
| Q3 24 | $934.7M | $588.1M | ||
| Q2 24 | $986.0M | $680.2M | ||
| Q1 24 | $959.1M | $537.9M |
净利润JELDRYAN
| Q4 25 | $-41.9M | $8.0M | ||
| Q3 25 | $-367.6M | $31.1M | ||
| Q2 25 | $-21.5M | $52.0M | ||
| Q1 25 | $-190.1M | $-27.6M | ||
| Q4 24 | $-68.4M | $13.8M | ||
| Q3 24 | $-74.4M | $17.6M | ||
| Q2 24 | $-18.5M | $46.8M | ||
| Q1 24 | $-27.7M | $16.5M |
毛利率JELDRYAN
| Q4 25 | 14.7% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | 19.3% | — | ||
| Q1 24 | 18.0% | — |
营业利润率JELDRYAN
| Q4 25 | -1.8% | 12.4% | ||
| Q3 25 | -25.0% | 15.0% | ||
| Q2 25 | -1.7% | 22.7% | ||
| Q1 25 | -23.8% | 14.8% | ||
| Q4 24 | -5.7% | 16.8% | ||
| Q3 24 | -5.6% | 13.9% | ||
| Q2 24 | 0.5% | 24.2% | ||
| Q1 24 | -2.9% | 13.5% |
净利率JELDRYAN
| Q4 25 | -5.2% | 1.1% | ||
| Q3 25 | -45.4% | 4.2% | ||
| Q2 25 | -2.6% | 6.2% | ||
| Q1 25 | -24.5% | -4.1% | ||
| Q4 24 | -7.6% | 2.1% | ||
| Q3 24 | -8.0% | 3.0% | ||
| Q2 24 | -1.9% | 6.9% | ||
| Q1 24 | -2.9% | 3.1% |
每股收益（稀释后）JELDRYAN
| Q4 25 | $-0.50 | — | ||
| Q3 25 | $-4.30 | — | ||
| Q2 25 | $-0.25 | — | ||
| Q1 25 | $-2.24 | — | ||
| Q4 24 | $-0.80 | — | ||
| Q3 24 | $-0.88 | — | ||
| Q2 24 | $-0.22 | — | ||
| Q1 24 | $-0.32 | — |
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 | $136.1M | $158.3M |
| 总债务越低越好 | $1.1B | $3.3B |
| 股东权益账面价值 | $92.2M | $648.1M |
| 总资产 | $2.1B | $10.6B |
| 负债/权益比越低杠杆越低 | 12.47× | 5.16× |
8季度趋势，按日历期对齐
现金及短期投资JELDRYAN
| Q4 25 | $136.1M | $158.3M | ||
| Q3 25 | $106.7M | $153.5M | ||
| Q2 25 | $134.1M | $172.6M | ||
| Q1 25 | $132.5M | $203.5M | ||
| Q4 24 | $150.3M | $540.2M | ||
| Q3 24 | $208.5M | $235.2M | ||
| Q2 24 | $212.8M | $1.7B | ||
| Q1 24 | $234.5M | $1.6B |
总债务JELDRYAN
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益JELDRYAN
| Q4 25 | $92.2M | $648.1M | ||
| Q3 25 | $113.9M | $630.5M | ||
| Q2 25 | $477.1M | $610.1M | ||
| Q1 25 | $452.1M | $542.5M | ||
| Q4 24 | $620.1M | $627.7M | ||
| Q3 24 | $720.3M | $632.8M | ||
| Q2 24 | $770.0M | $605.9M | ||
| Q1 24 | $811.5M | $554.4M |
总资产JELDRYAN
| Q4 25 | $2.1B | $10.6B | ||
| Q3 25 | $2.2B | $9.9B | ||
| Q2 25 | $2.5B | $10.6B | ||
| Q1 25 | $2.4B | $9.9B | ||
| Q4 24 | $2.6B | $9.6B | ||
| Q3 24 | $2.8B | $8.5B | ||
| Q2 24 | $2.9B | $8.3B | ||
| Q1 24 | $2.9B | $7.1B |
负债/权益比JELDRYAN
| Q4 25 | 12.47× | 5.16× | ||
| Q3 25 | 10.14× | — | ||
| Q2 25 | 2.42× | — | ||
| Q1 25 | 2.56× | — | ||
| Q4 24 | 1.86× | 5.22× | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.46× | — |
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 | $32.8M | $263.2M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | — |
| 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 | 3.7% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 32.99× |
| 过去12个月自由现金流最近4个季度 | $-124.6M | — |
8季度趋势，按日历期对齐
经营现金流JELDRYAN
| Q4 25 | $32.8M | $263.2M | ||
| Q3 25 | $11.2M | $169.7M | ||
| Q2 25 | $34.6M | $353.6M | ||
| Q1 25 | $-83.5M | $-142.8M | ||
| Q4 24 | $28.2M | $259.6M | ||
| Q3 24 | $37.6M | $100.9M | ||
| Q2 24 | $51.4M | $270.8M | ||
| Q1 24 | $-11.0M | $-116.5M |
自由现金流JELDRYAN
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-13.1M | $167.3M | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $-120.3M | $-143.5M | ||
| Q4 24 | $-23.9M | — | ||
| Q3 24 | $-4.3M | — | ||
| Q2 24 | $14.7M | — | ||
| Q1 24 | $-42.2M | — |
自由现金流率JELDRYAN
| Q4 25 | 0.4% | — | ||
| Q3 25 | -1.6% | 22.6% | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | -15.5% | -21.2% | ||
| Q4 24 | -2.7% | — | ||
| Q3 24 | -0.5% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | -4.4% | — |
资本支出强度JELDRYAN
| Q4 25 | 3.7% | 0.0% | ||
| Q3 25 | 3.0% | 0.3% | ||
| Q2 25 | 3.6% | 0.0% | ||
| Q1 25 | 4.7% | 0.1% | ||
| Q4 24 | 5.8% | 0.0% | ||
| Q3 24 | 4.5% | 0.0% | ||
| Q2 24 | 3.7% | 0.0% | ||
| Q1 24 | 3.3% | 0.0% |
现金转化率JELDRYAN
| Q4 25 | — | 32.99× | ||
| Q3 25 | — | 5.46× | ||
| Q2 25 | — | 6.80× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.88× | ||
| Q3 24 | — | 5.74× | ||
| Q2 24 | — | 5.79× | ||
| Q1 24 | — | -7.05× |
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
JELD
| North America Segment | $522.0M | 65% |
| Europe Segment | $280.0M | 35% |
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
