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骏利亨德森集团（JHG）与BLUE OWL CAPITAL INC.（OWL）财务数据对比。点击上方公司名可切换其他公司
骏利亨德森集团的季度营收约是BLUE OWL CAPITAL INC.的1.5倍（$1.1B vs $755.6M），骏利亨德森集团净利率更高（35.3% vs 6.3%，领先29.0%），骏利亨德森集团同比增速更快（61.3% vs 19.7%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $320.4M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 21.3%）
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
JHG vs OWL — 直观对比
营收规模更大
JHG
是对方的1.5倍
$755.6M
营收增速更快
JHG
高出41.6%
19.7%
净利率更高
JHG
高出29.0%
6.3%
自由现金流更多
OWL
多$38.7M
$320.4M
两年增速更快
JHG
近两年复合增速
21.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $755.6M |
| 净利润 | $403.2M | $47.7M |
| 毛利率 | — | — |
| 营业利润率 | 42.7% | 22.2% |
| 净利率 | 35.3% | 6.3% |
| 营收同比 | 61.3% | 19.7% |
| 净利润同比 | 231.0% | 129.8% |
| 每股收益（稀释后） | $2.59 | $0.07 |
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JHGOWL
| Q4 25 | $1.1B | $755.6M | ||
| Q3 25 | $700.4M | $728.0M | ||
| Q2 25 | $633.2M | $703.1M | ||
| Q1 25 | $621.4M | $683.5M | ||
| Q4 24 | $708.3M | $631.4M | ||
| Q3 24 | $624.8M | $600.9M | ||
| Q2 24 | $588.4M | $549.8M | ||
| Q1 24 | $551.7M | $513.3M |
净利润JHGOWL
| Q4 25 | $403.2M | $47.7M | ||
| Q3 25 | $142.1M | $6.3M | ||
| Q2 25 | $149.9M | $17.4M | ||
| Q1 25 | $120.7M | $7.4M | ||
| Q4 24 | $121.8M | $20.7M | ||
| Q3 24 | $27.3M | $29.8M | ||
| Q2 24 | $129.7M | $33.9M | ||
| Q1 24 | $130.1M | $25.1M |
营业利润率JHGOWL
| Q4 25 | 42.7% | 22.2% | ||
| Q3 25 | 24.6% | 7.6% | ||
| Q2 25 | 25.9% | 12.0% | ||
| Q1 25 | 24.7% | 5.9% | ||
| Q4 24 | 27.9% | 11.7% | ||
| Q3 24 | 26.4% | 18.7% | ||
| Q2 24 | 27.9% | 28.4% | ||
| Q1 24 | 21.6% | 24.7% |
净利率JHGOWL
| Q4 25 | 35.3% | 6.3% | ||
| Q3 25 | 20.3% | 0.9% | ||
| Q2 25 | 23.7% | 2.5% | ||
| Q1 25 | 19.4% | 1.1% | ||
| Q4 24 | 17.2% | 3.3% | ||
| Q3 24 | 4.4% | 5.0% | ||
| Q2 24 | 22.0% | 6.2% | ||
| Q1 24 | 23.6% | 4.9% |
每股收益（稀释后）JHGOWL
| Q4 25 | $2.59 | $0.07 | ||
| Q3 25 | $0.92 | $0.01 | ||
| Q2 25 | $0.95 | $0.02 | ||
| Q1 25 | $0.77 | $0.00 | ||
| Q4 24 | $0.77 | $0.06 | ||
| Q3 24 | $0.17 | $0.04 | ||
| Q2 24 | $0.81 | $0.06 | ||
| Q1 24 | $0.81 | $0.04 |
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 | $1.6B | $194.5M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $5.1B | $2.2B |
| 总资产 | $8.3B | $12.5B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资JHGOWL
| Q4 25 | $1.6B | $194.5M | ||
| Q3 25 | $1.4B | $137.3M | ||
| Q2 25 | $1.3B | $117.6M | ||
| Q1 25 | $1.4B | $97.6M | ||
| Q4 24 | $1.6B | $152.1M | ||
| Q3 24 | $1.8B | $115.9M | ||
| Q2 24 | $1.3B | $436.8M | ||
| Q1 24 | $1.1B | $155.8M |
总债务JHGOWL
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.1B |
股东权益JHGOWL
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $4.8B | $2.3B | ||
| Q2 25 | $4.8B | $2.4B | ||
| Q1 25 | $4.7B | $2.3B | ||
| Q4 24 | $4.6B | $2.1B | ||
| Q3 24 | $4.6B | $2.0B | ||
| Q2 24 | $4.5B | $1.7B | ||
| Q1 24 | $4.4B | $1.6B |
总资产JHGOWL
| Q4 25 | $8.3B | $12.5B | ||
| Q3 25 | $7.6B | $12.5B | ||
| Q2 25 | $7.5B | $12.3B | ||
| Q1 25 | $7.1B | $12.3B | ||
| Q4 24 | $7.0B | $11.0B | ||
| Q3 24 | $7.3B | $10.8B | ||
| Q2 24 | $6.4B | $9.7B | ||
| Q1 24 | $6.3B | $9.0B |
负债/权益比JHGOWL
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.26× |
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 | $322.7M | $382.9M |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $359.1M |
| 自由现金流率自由现金流/营收 | 28.0% | 47.5% |
| 资本支出强度资本支出/营收 | 0.2% | 3.1% |
| 现金转化率经营现金流/净利润 | 0.80× | 8.03× |
| 过去12个月自由现金流最近4个季度 | $710.9M | $1.2B |
8季度趋势，按日历期对齐
经营现金流JHGOWL
| Q4 25 | $322.7M | $382.9M | ||
| Q3 25 | $258.8M | $433.1M | ||
| Q2 25 | $135.2M | $422.5M | ||
| Q1 25 | $2.8M | $17.6M | ||
| Q4 24 | $247.3M | $324.0M | ||
| Q3 24 | $228.5M | $326.0M | ||
| Q2 24 | $223.8M | $302.3M | ||
| Q1 24 | $-5.0M | $47.2M |
自由现金流JHGOWL
| Q4 25 | $320.4M | $359.1M | ||
| Q3 25 | $256.4M | $422.5M | ||
| Q2 25 | $133.2M | $412.5M | ||
| Q1 25 | $900.0K | $4.2M | ||
| Q4 24 | $243.5M | $310.1M | ||
| Q3 24 | $225.9M | $314.8M | ||
| Q2 24 | $221.9M | $269.4M | ||
| Q1 24 | $-6.8M | $41.1M |
自由现金流率JHGOWL
| Q4 25 | 28.0% | 47.5% | ||
| Q3 25 | 36.6% | 58.0% | ||
| Q2 25 | 21.0% | 58.7% | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 34.4% | 49.1% | ||
| Q3 24 | 36.2% | 52.4% | ||
| Q2 24 | 37.7% | 49.0% | ||
| Q1 24 | -1.2% | 8.0% |
资本支出强度JHGOWL
| Q4 25 | 0.2% | 3.1% | ||
| Q3 25 | 0.3% | 1.5% | ||
| Q2 25 | 0.3% | 1.4% | ||
| Q1 25 | 0.3% | 2.0% | ||
| Q4 24 | 0.5% | 2.2% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 0.3% | 6.0% | ||
| Q1 24 | 0.3% | 1.2% |
现金转化率JHGOWL
| Q4 25 | 0.80× | 8.03× | ||
| Q3 25 | 1.82× | 68.64× | ||
| Q2 25 | 0.90× | 24.25× | ||
| Q1 25 | 0.02× | 2.37× | ||
| Q4 24 | 2.03× | 15.62× | ||
| Q3 24 | 8.37× | 10.94× | ||
| Q2 24 | 1.73× | 8.91× | ||
| Q1 24 | -0.04× | 1.88× |
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
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
