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拉扎德（LAZ）与上海建工集团（NOA）财务数据对比。点击上方公司名可切换其他公司
拉扎德的季度营收约是上海建工集团的1.1倍（$929.4M vs $860.2M），拉扎德净利率更高（5.4% vs 4.7%，领先0.7%），过去两年上海建工集团的营收复合增速更高（58.0% vs 8.8%）
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
上海建工集团是中国知名建筑工程企业，凭借优异的经营规模与工程实力，在2011年以营业收入统计位居全球建筑企业第16位，业务覆盖国内外众多大型建筑工程项目领域。
LAZ vs NOA — 直观对比
营收规模更大
LAZ
是对方的1.1倍
$860.2M
净利率更高
LAZ
高出0.7%
4.7%
两年增速更快
NOA
近两年复合增速
8.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $860.2M |
| 净利润 | $49.9M | $40.5M |
| 毛利率 | — | 19.7% |
| 营业利润率 | 9.1% | 15.4% |
| 净利率 | 5.4% | 4.7% |
| 营收同比 | 10.8% | — |
| 净利润同比 | -42.2% | — |
| 每股收益（稀释后） | $0.44 | — |
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LAZNOA
| Q4 25 | $929.4M | — | ||
| Q3 25 | $770.8M | $860.2M | ||
| Q2 25 | $817.2M | $573.3M | ||
| Q1 25 | $669.2M | $297.0M | ||
| Q4 24 | $839.0M | — | ||
| Q3 24 | $807.4M | $636.4M | ||
| Q2 24 | $708.0M | $439.5M | ||
| Q1 24 | $785.5M | $244.3M |
净利润LAZNOA
| Q4 25 | $49.9M | — | ||
| Q3 25 | $71.2M | $40.5M | ||
| Q2 25 | $55.3M | $26.0M | ||
| Q1 25 | $60.4M | $11.5M | ||
| Q4 24 | $86.3M | — | ||
| Q3 24 | $107.9M | $45.5M | ||
| Q2 24 | $49.9M | $34.1M | ||
| Q1 24 | $35.8M | $21.8M |
毛利率LAZNOA
| Q4 25 | — | — | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 16.8% |
营业利润率LAZNOA
| Q4 25 | 9.1% | — | ||
| Q3 25 | 12.3% | 15.4% | ||
| Q2 25 | 11.4% | 13.6% | ||
| Q1 25 | 8.2% | 13.0% | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 20.0% | 7.9% | ||
| Q2 24 | 9.0% | 8.2% | ||
| Q1 24 | 6.9% | 10.5% |
净利率LAZNOA
| Q4 25 | 5.4% | — | ||
| Q3 25 | 9.2% | 4.7% | ||
| Q2 25 | 6.8% | 4.5% | ||
| Q1 25 | 9.0% | 3.9% | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 13.4% | 7.1% | ||
| Q2 24 | 7.0% | 7.8% | ||
| Q1 24 | 4.6% | 8.9% |
每股收益（稀释后）LAZNOA
| Q4 25 | $0.44 | — | ||
| Q3 25 | $0.65 | — | ||
| Q2 25 | $0.52 | — | ||
| Q1 25 | $0.56 | — | ||
| Q4 24 | $0.82 | — | ||
| Q3 24 | $1.02 | — | ||
| Q2 24 | $0.49 | — | ||
| Q1 24 | $0.35 | — |
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 | $1.5B | — |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $873.7M | — |
| 总资产 | $4.9B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.93× | — |
8季度趋势，按日历期对齐
现金及短期投资LAZNOA
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $978.3M | — | ||
| Q1 25 | $908.6M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $847.6M | — | ||
| Q1 24 | $923.2M | — |
总债务LAZNOA
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益LAZNOA
| Q4 25 | $873.7M | — | ||
| Q3 25 | $841.5M | — | ||
| Q2 25 | $741.6M | — | ||
| Q1 25 | $603.0M | — | ||
| Q4 24 | $636.2M | — | ||
| Q3 24 | $624.3M | — | ||
| Q2 24 | $458.7M | — | ||
| Q1 24 | $392.7M | — |
总资产LAZNOA
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.6B | $1.7B | ||
| Q2 25 | $4.5B | $1.7B | ||
| Q1 25 | $4.2B | $1.7B | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $4.8B | $1.5B | ||
| Q2 24 | $4.5B | $1.5B | ||
| Q1 24 | $4.6B | $1.5B |
负债/权益比LAZNOA
| Q4 25 | 1.93× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 2.80× | — | ||
| Q4 24 | 2.65× | — | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | 4.04× | — | ||
| Q1 24 | 4.71× | — |
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 | $399.7M | $140.7M |
| 自由现金流经营现金流 - 资本支出 | $396.1M | — |
| 自由现金流率自由现金流/营收 | 42.6% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 8.02× | 3.47× |
| 过去12个月自由现金流最近4个季度 | $487.4M | — |
8季度趋势，按日历期对齐
经营现金流LAZNOA
| Q4 25 | $399.7M | — | ||
| Q3 25 | $287.5M | $140.7M | ||
| Q2 25 | $49.7M | $85.4M | ||
| Q1 25 | $-217.5M | $19.0M | ||
| Q4 24 | $362.9M | — | ||
| Q3 24 | $293.7M | $109.5M | ||
| Q2 24 | $176.2M | $72.0M | ||
| Q1 24 | $-90.0M | $31.8M |
自由现金流LAZNOA
| Q4 25 | $396.1M | — | ||
| Q3 25 | $284.6M | — | ||
| Q2 25 | $38.0M | — | ||
| Q1 25 | $-231.3M | — | ||
| Q4 24 | $348.0M | — | ||
| Q3 24 | $276.2M | — | ||
| Q2 24 | $169.8M | — | ||
| Q1 24 | $-96.6M | — |
自由现金流率LAZNOA
| Q4 25 | 42.6% | — | ||
| Q3 25 | 36.9% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | -34.6% | — | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | 34.2% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | -12.3% | — |
资本支出强度LAZNOA
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 0.8% | — |
现金转化率LAZNOA
| Q4 25 | 8.02× | — | ||
| Q3 25 | 4.03× | 3.47× | ||
| Q2 25 | 0.90× | 3.28× | ||
| Q1 25 | -3.60× | 1.65× | ||
| Q4 24 | 4.20× | — | ||
| Q3 24 | 2.72× | 2.41× | ||
| Q2 24 | 3.53× | 2.11× | ||
| Q1 24 | -2.52× | 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
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
NOA
暂无分部数据
