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骏利亨德森集团（JHG）与Tri Pointe Homes, Inc.（TPH）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Tri Pointe Homes, Inc.的1.2倍（$1.1B vs $972.6M），骏利亨德森集团净利率更高（35.3% vs 6.2%，领先29.1%），骏利亨德森集团同比增速更快（61.3% vs -22.4%），骏利亨德森集团自由现金流更多（$320.4M vs $213.2M），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
JHG vs TPH — 直观对比
营收规模更大
JHG
是对方的1.2倍
$972.6M
营收增速更快
JHG
高出83.7%
-22.4%
净利率更高
JHG
高出29.1%
6.2%
自由现金流更多
JHG
多$107.2M
$213.2M
两年增速更快
JHG
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $972.6M |
| 净利润 | $403.2M | $60.2M |
| 毛利率 | — | — |
| 营业利润率 | 42.7% | 8.1% |
| 净利率 | 35.3% | 6.2% |
| 营收同比 | 61.3% | -22.4% |
| 净利润同比 | 231.0% | -53.4% |
| 每股收益（稀释后） | $2.59 | $0.70 |
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JHGTPH
| Q4 25 | $1.1B | $972.6M | ||
| Q3 25 | $700.4M | $854.7M | ||
| Q2 25 | $633.2M | $902.4M | ||
| Q1 25 | $621.4M | $740.9M | ||
| Q4 24 | $708.3M | $1.3B | ||
| Q3 24 | $624.8M | $1.1B | ||
| Q2 24 | $588.4M | $1.2B | ||
| Q1 24 | $551.7M | $939.4M |
净利润JHGTPH
| Q4 25 | $403.2M | $60.2M | ||
| Q3 25 | $142.1M | $56.1M | ||
| Q2 25 | $149.9M | $60.7M | ||
| Q1 25 | $120.7M | $64.0M | ||
| Q4 24 | $121.8M | $129.2M | ||
| Q3 24 | $27.3M | $111.8M | ||
| Q2 24 | $129.7M | $118.0M | ||
| Q1 24 | $130.1M | $99.1M |
营业利润率JHGTPH
| Q4 25 | 42.7% | 8.1% | ||
| Q3 25 | 24.6% | 8.1% | ||
| Q2 25 | 25.9% | 8.5% | ||
| Q1 25 | 24.7% | 10.4% | ||
| Q4 24 | 27.9% | 13.4% | ||
| Q3 24 | 26.4% | 12.6% | ||
| Q2 24 | 27.9% | 12.9% | ||
| Q1 24 | 21.6% | 12.3% |
净利率JHGTPH
| Q4 25 | 35.3% | 6.2% | ||
| Q3 25 | 20.3% | 6.6% | ||
| Q2 25 | 23.7% | 6.7% | ||
| Q1 25 | 19.4% | 8.6% | ||
| Q4 24 | 17.2% | 10.3% | ||
| Q3 24 | 4.4% | 9.8% | ||
| Q2 24 | 22.0% | 10.2% | ||
| Q1 24 | 23.6% | 10.5% |
每股收益（稀释后）JHGTPH
| Q4 25 | $2.59 | $0.70 | ||
| Q3 25 | $0.92 | $0.64 | ||
| Q2 25 | $0.95 | $0.68 | ||
| Q1 25 | $0.77 | $0.70 | ||
| Q4 24 | $0.77 | $1.37 | ||
| Q3 24 | $0.17 | $1.18 | ||
| Q2 24 | $0.81 | $1.25 | ||
| Q1 24 | $0.81 | $1.03 |
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 | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.1B | $3.3B |
| 总资产 | $8.3B | $5.0B |
| 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JHGTPH
| Q4 25 | $1.6B | $982.8M | ||
| Q3 25 | $1.4B | $792.0M | ||
| Q2 25 | $1.3B | $622.6M | ||
| Q1 25 | $1.4B | $812.9M | ||
| Q4 24 | $1.6B | $970.0M | ||
| Q3 24 | $1.8B | $676.0M | ||
| Q2 24 | $1.3B | $492.9M | ||
| Q1 24 | $1.1B | $944.0M |
总债务JHGTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益JHGTPH
| Q4 25 | $5.1B | $3.3B | ||
| Q3 25 | $4.8B | $3.3B | ||
| Q2 25 | $4.8B | $3.3B | ||
| Q1 25 | $4.7B | $3.3B | ||
| Q4 24 | $4.6B | $3.3B | ||
| Q3 24 | $4.6B | $3.2B | ||
| Q2 24 | $4.5B | $3.1B | ||
| Q1 24 | $4.4B | $3.0B |
总资产JHGTPH
| Q4 25 | $8.3B | $5.0B | ||
| Q3 25 | $7.6B | $5.0B | ||
| Q2 25 | $7.5B | $4.8B | ||
| Q1 25 | $7.1B | $4.8B | ||
| Q4 24 | $7.0B | $4.9B | ||
| Q3 24 | $7.3B | $4.8B | ||
| Q2 24 | $6.4B | $4.6B | ||
| Q1 24 | $6.3B | $5.0B |
负债/权益比JHGTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $213.2M |
| 自由现金流率自由现金流/营收 | 28.0% | 21.9% |
| 资本支出强度资本支出/营收 | 0.2% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.80× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $710.9M | $128.5M |
8季度趋势，按日历期对齐
经营现金流JHGTPH
| Q4 25 | $322.7M | $221.0M | ||
| Q3 25 | $258.8M | $45.9M | ||
| Q2 25 | $135.2M | $-74.3M | ||
| Q1 25 | $2.8M | $-31.2M | ||
| Q4 24 | $247.3M | $360.3M | ||
| Q3 24 | $228.5M | $167.9M | ||
| Q2 24 | $223.8M | $23.1M | ||
| Q1 24 | $-5.0M | $144.7M |
自由现金流JHGTPH
| Q4 25 | $320.4M | $213.2M | ||
| Q3 25 | $256.4M | $39.1M | ||
| Q2 25 | $133.2M | $-84.5M | ||
| Q1 25 | $900.0K | $-39.3M | ||
| Q4 24 | $243.5M | $355.9M | ||
| Q3 24 | $225.9M | $161.5M | ||
| Q2 24 | $221.9M | $17.0M | ||
| Q1 24 | $-6.8M | $138.3M |
自由现金流率JHGTPH
| Q4 25 | 28.0% | 21.9% | ||
| Q3 25 | 36.6% | 4.6% | ||
| Q2 25 | 21.0% | -9.4% | ||
| Q1 25 | 0.1% | -5.3% | ||
| Q4 24 | 34.4% | 28.4% | ||
| Q3 24 | 36.2% | 14.1% | ||
| Q2 24 | 37.7% | 1.5% | ||
| Q1 24 | -1.2% | 14.7% |
资本支出强度JHGTPH
| Q4 25 | 0.2% | 0.8% | ||
| Q3 25 | 0.3% | 0.8% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.3% | 1.1% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 0.4% | 0.6% | ||
| Q2 24 | 0.3% | 0.5% | ||
| Q1 24 | 0.3% | 0.7% |
现金转化率JHGTPH
| Q4 25 | 0.80× | 3.67× | ||
| Q3 25 | 1.82× | 0.82× | ||
| Q2 25 | 0.90× | -1.22× | ||
| Q1 25 | 0.02× | -0.49× | ||
| Q4 24 | 2.03× | 2.79× | ||
| Q3 24 | 8.37× | 1.50× | ||
| Q2 24 | 1.73× | 0.20× | ||
| Q1 24 | -0.04× | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
