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骏利亨德森集团（JHG）与STERLING INFRASTRUCTURE, INC.（STRL）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STERLING INFRASTRUCTURE, 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 11.6%，领先23.7%），骏利亨德森集团同比增速更快（61.3% vs 51.5%），骏利亨德森集团自由现金流更多（$320.4M vs $159.7M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 31.0%）
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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
JHG vs STRL — 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9.8%
51.5%
净利率更高
JHG
高出23.7%
11.6%
自由现金流更多
JHG
多$160.7M
$159.7M
两年增速更快
JHG
近两年复合增速
31.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $755.6M |
| 净利润 | $403.2M | $87.6M |
| 毛利率 | — | 21.7% |
| 营业利润率 | 42.7% | 15.9% |
| 净利率 | 35.3% | 11.6% |
| 营收同比 | 61.3% | 51.5% |
| 净利润同比 | 231.0% | -22.6% |
| 每股收益（稀释后） | $2.59 | $2.82 |
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JHGSTRL
| Q4 25 | $1.1B | $755.6M | ||
| Q3 25 | $700.4M | $689.0M | ||
| Q2 25 | $633.2M | $614.5M | ||
| Q1 25 | $621.4M | $430.9M | ||
| Q4 24 | $708.3M | $498.8M | ||
| Q3 24 | $624.8M | $593.7M | ||
| Q2 24 | $588.4M | $582.8M | ||
| Q1 24 | $551.7M | $440.4M |
净利润JHGSTRL
| Q4 25 | $403.2M | $87.6M | ||
| Q3 25 | $142.1M | $92.1M | ||
| Q2 25 | $149.9M | $71.0M | ||
| Q1 25 | $120.7M | $39.5M | ||
| Q4 24 | $121.8M | $113.2M | ||
| Q3 24 | $27.3M | $61.3M | ||
| Q2 24 | $129.7M | $51.9M | ||
| Q1 24 | $130.1M | $31.0M |
毛利率JHGSTRL
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 19.3% | ||
| Q1 24 | — | 17.5% |
营业利润率JHGSTRL
| Q4 25 | 42.7% | 15.9% | ||
| Q3 25 | 24.6% | 18.2% | ||
| Q2 25 | 25.9% | 17.0% | ||
| Q1 25 | 24.7% | 13.0% | ||
| Q4 24 | 27.9% | 12.5% | ||
| Q3 24 | 26.4% | 14.7% | ||
| Q2 24 | 27.9% | 12.5% | ||
| Q1 24 | 21.6% | 9.6% |
净利率JHGSTRL
| Q4 25 | 35.3% | 11.6% | ||
| Q3 25 | 20.3% | 13.4% | ||
| Q2 25 | 23.7% | 11.6% | ||
| Q1 25 | 19.4% | 9.2% | ||
| Q4 24 | 17.2% | 22.7% | ||
| Q3 24 | 4.4% | 10.3% | ||
| Q2 24 | 22.0% | 8.9% | ||
| Q1 24 | 23.6% | 7.1% |
每股收益（稀释后）JHGSTRL
| Q4 25 | $2.59 | $2.82 | ||
| Q3 25 | $0.92 | $2.97 | ||
| Q2 25 | $0.95 | $2.31 | ||
| Q1 25 | $0.77 | $1.28 | ||
| Q4 24 | $0.77 | $3.63 | ||
| Q3 24 | $0.17 | $1.97 | ||
| Q2 24 | $0.81 | $1.67 | ||
| Q1 24 | $0.81 | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.1B | $1.1B |
| 总资产 | $8.3B | $2.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资JHGSTRL
| Q4 25 | $1.6B | $390.7M | ||
| Q3 25 | $1.4B | $306.4M | ||
| Q2 25 | $1.3B | $699.4M | ||
| Q1 25 | $1.4B | $638.6M | ||
| Q4 24 | $1.6B | $664.2M | ||
| Q3 24 | $1.8B | $648.1M | ||
| Q2 24 | $1.3B | $540.0M | ||
| Q1 24 | $1.1B | $480.4M |
股东权益JHGSTRL
| Q4 25 | $5.1B | $1.1B | ||
| Q3 25 | $4.8B | $1.1B | ||
| Q2 25 | $4.8B | $881.7M | ||
| Q1 25 | $4.7B | $805.4M | ||
| Q4 24 | $4.6B | $808.1M | ||
| Q3 24 | $4.6B | $716.5M | ||
| Q2 24 | $4.5B | $670.7M | ||
| Q1 24 | $4.4B | $644.6M |
总资产JHGSTRL
| Q4 25 | $8.3B | $2.6B | ||
| Q3 25 | $7.6B | $2.6B | ||
| Q2 25 | $7.5B | $2.2B | ||
| Q1 25 | $7.1B | $2.0B | ||
| Q4 24 | $7.0B | $2.0B | ||
| Q3 24 | $7.3B | $2.0B | ||
| Q2 24 | $6.4B | $2.0B | ||
| Q1 24 | $6.3B | $1.8B |
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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $159.7M |
| 自由现金流率自由现金流/营收 | 28.0% | 21.1% |
| 资本支出强度资本支出/营收 | 0.2% | 3.5% |
| 现金转化率经营现金流/净利润 | 0.80× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $710.9M | $362.7M |
8季度趋势，按日历期对齐
经营现金流JHGSTRL
| Q4 25 | $322.7M | $186.1M | ||
| Q3 25 | $258.8M | $83.6M | ||
| Q2 25 | $135.2M | $85.4M | ||
| Q1 25 | $2.8M | $84.9M | ||
| Q4 24 | $247.3M | $174.3M | ||
| Q3 24 | $228.5M | $152.3M | ||
| Q2 24 | $223.8M | $121.0M | ||
| Q1 24 | $-5.0M | $49.6M |
自由现金流JHGSTRL
| Q4 25 | $320.4M | $159.7M | ||
| Q3 25 | $256.4M | $64.0M | ||
| Q2 25 | $133.2M | $72.1M | ||
| Q1 25 | $900.0K | $67.0M | ||
| Q4 24 | $243.5M | $158.6M | ||
| Q3 24 | $225.9M | $138.3M | ||
| Q2 24 | $221.9M | $92.1M | ||
| Q1 24 | $-6.8M | $27.2M |
自由现金流率JHGSTRL
| Q4 25 | 28.0% | 21.1% | ||
| Q3 25 | 36.6% | 9.3% | ||
| Q2 25 | 21.0% | 11.7% | ||
| Q1 25 | 0.1% | 15.5% | ||
| Q4 24 | 34.4% | 31.8% | ||
| Q3 24 | 36.2% | 23.3% | ||
| Q2 24 | 37.7% | 15.8% | ||
| Q1 24 | -1.2% | 6.2% |
资本支出强度JHGSTRL
| Q4 25 | 0.2% | 3.5% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.3% | 4.2% | ||
| Q4 24 | 0.5% | 3.1% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.3% | 5.0% | ||
| Q1 24 | 0.3% | 5.1% |
现金转化率JHGSTRL
| Q4 25 | 0.80× | 2.12× | ||
| Q3 25 | 1.82× | 0.91× | ||
| Q2 25 | 0.90× | 1.20× | ||
| Q1 25 | 0.02× | 2.15× | ||
| Q4 24 | 2.03× | 1.54× | ||
| Q3 24 | 8.37× | 2.48× | ||
| Q2 24 | 1.73× | 2.33× | ||
| Q1 24 | -0.04× | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
