vs
拉扎德（LAZ）与纽约时报公司（NYT）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纽约时报公司的1.2倍（$929.4M vs $802.3M），纽约时报公司净利率更高（16.2% vs 5.4%，领先10.8%），拉扎德同比增速更快（10.8% vs 10.4%），拉扎德自由现金流更多（$396.1M vs $157.6M），过去两年纽约时报公司的营收复合增速更高（16.2% 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。
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
LAZ vs NYT — 直观对比
营收规模更大
LAZ
是对方的1.2倍
$802.3M
营收增速更快
LAZ
高出0.4%
10.4%
净利率更高
NYT
高出10.8%
5.4%
自由现金流更多
LAZ
多$238.5M
$157.6M
两年增速更快
NYT
近两年复合增速
8.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $802.3M |
| 净利润 | $49.9M | $129.8M |
| 毛利率 | — | — |
| 营业利润率 | 9.1% | 20.1% |
| 净利率 | 5.4% | 16.2% |
| 营收同比 | 10.8% | 10.4% |
| 净利润同比 | -42.2% | 4.9% |
| 每股收益（稀释后） | $0.44 | $0.79 |
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LAZNYT
| Q4 25 | $929.4M | $802.3M | ||
| Q3 25 | $770.8M | $700.8M | ||
| Q2 25 | $817.2M | $685.9M | ||
| Q1 25 | $669.2M | $635.9M | ||
| Q4 24 | $839.0M | $726.6M | ||
| Q3 24 | $807.4M | $640.2M | ||
| Q2 24 | $708.0M | $625.1M | ||
| Q1 24 | $785.5M | $594.0M |
净利润LAZNYT
| Q4 25 | $49.9M | $129.8M | ||
| Q3 25 | $71.2M | $81.6M | ||
| Q2 25 | $55.3M | $82.9M | ||
| Q1 25 | $60.4M | $49.6M | ||
| Q4 24 | $86.3M | $123.7M | ||
| Q3 24 | $107.9M | $64.1M | ||
| Q2 24 | $49.9M | $65.5M | ||
| Q1 24 | $35.8M | $40.4M |
营业利润率LAZNYT
| Q4 25 | 9.1% | 20.1% | ||
| Q3 25 | 12.3% | 15.0% | ||
| Q2 25 | 11.4% | 15.5% | ||
| Q1 25 | 8.2% | 9.2% | ||
| Q4 24 | 12.8% | 20.2% | ||
| Q3 24 | 20.0% | 12.0% | ||
| Q2 24 | 9.0% | 12.7% | ||
| Q1 24 | 6.9% | 8.1% |
净利率LAZNYT
| Q4 25 | 5.4% | 16.2% | ||
| Q3 25 | 9.2% | 11.7% | ||
| Q2 25 | 6.8% | 12.1% | ||
| Q1 25 | 9.0% | 7.8% | ||
| Q4 24 | 10.3% | 17.0% | ||
| Q3 24 | 13.4% | 10.0% | ||
| Q2 24 | 7.0% | 10.5% | ||
| Q1 24 | 4.6% | 6.8% |
每股收益（稀释后）LAZNYT
| Q4 25 | $0.44 | $0.79 | ||
| Q3 25 | $0.65 | $0.50 | ||
| Q2 25 | $0.52 | $0.50 | ||
| Q1 25 | $0.56 | $0.30 | ||
| Q4 24 | $0.82 | $0.74 | ||
| Q3 24 | $1.02 | $0.39 | ||
| Q2 24 | $0.49 | $0.40 | ||
| Q1 24 | $0.35 | $0.24 |
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 | $642.2M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $873.7M | $2.0B |
| 总资产 | $4.9B | $3.0B |
| 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LAZNYT
| Q4 25 | $1.5B | $642.2M | ||
| Q3 25 | $1.2B | $617.4M | ||
| Q2 25 | $978.3M | $540.2M | ||
| Q1 25 | $908.6M | $522.1M | ||
| Q4 24 | $1.3B | $565.9M | ||
| Q3 24 | $1.2B | $492.9M | ||
| Q2 24 | $847.6M | $411.4M | ||
| Q1 24 | $923.2M | $379.1M |
总债务LAZNYT
| 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LAZNYT
| Q4 25 | $873.7M | $2.0B | ||
| Q3 25 | $841.5M | $2.0B | ||
| Q2 25 | $741.6M | $1.9B | ||
| Q1 25 | $603.0M | $1.9B | ||
| Q4 24 | $636.2M | $1.9B | ||
| Q3 24 | $624.3M | $1.9B | ||
| Q2 24 | $458.7M | $1.8B | ||
| Q1 24 | $392.7M | $1.7B |
总资产LAZNYT
| Q4 25 | $4.9B | $3.0B | ||
| Q3 25 | $4.6B | $2.9B | ||
| Q2 25 | $4.5B | $2.8B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.8B | $2.8B | ||
| Q3 24 | $4.8B | $2.8B | ||
| Q2 24 | $4.5B | $2.7B | ||
| Q1 24 | $4.6B | $2.6B |
负债/权益比LAZNYT
| 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 | $164.2M |
| 自由现金流经营现金流 - 资本支出 | $396.1M | $157.6M |
| 自由现金流率自由现金流/营收 | 42.6% | 19.6% |
| 资本支出强度资本支出/营收 | 0.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 8.02× | 1.26× |
| 过去12个月自由现金流最近4个季度 | $487.4M | $550.5M |
8季度趋势，按日历期对齐
经营现金流LAZNYT
| Q4 25 | $399.7M | $164.2M | ||
| Q3 25 | $287.5M | $207.6M | ||
| Q2 25 | $49.7M | $113.6M | ||
| Q1 25 | $-217.5M | $99.1M | ||
| Q4 24 | $362.9M | $151.7M | ||
| Q3 24 | $293.7M | $125.5M | ||
| Q2 24 | $176.2M | $80.2M | ||
| Q1 24 | $-90.0M | $53.1M |
自由现金流LAZNYT
| Q4 25 | $396.1M | $157.6M | ||
| Q3 25 | $284.6M | $199.7M | ||
| Q2 25 | $38.0M | $103.3M | ||
| Q1 25 | $-231.3M | $89.9M | ||
| Q4 24 | $348.0M | $143.6M | ||
| Q3 24 | $276.2M | $118.4M | ||
| Q2 24 | $169.8M | $72.6M | ||
| Q1 24 | $-96.6M | $46.7M |
自由现金流率LAZNYT
| Q4 25 | 42.6% | 19.6% | ||
| Q3 25 | 36.9% | 28.5% | ||
| Q2 25 | 4.6% | 15.1% | ||
| Q1 25 | -34.6% | 14.1% | ||
| Q4 24 | 41.5% | 19.8% | ||
| Q3 24 | 34.2% | 18.5% | ||
| Q2 24 | 24.0% | 11.6% | ||
| Q1 24 | -12.3% | 7.9% |
资本支出强度LAZNYT
| Q4 25 | 0.4% | 0.8% | ||
| Q3 25 | 0.4% | 1.1% | ||
| Q2 25 | 1.4% | 1.5% | ||
| Q1 25 | 2.1% | 1.5% | ||
| Q4 24 | 1.8% | 1.1% | ||
| Q3 24 | 2.2% | 1.1% | ||
| Q2 24 | 0.9% | 1.2% | ||
| Q1 24 | 0.8% | 1.1% |
现金转化率LAZNYT
| Q4 25 | 8.02× | 1.26× | ||
| Q3 25 | 4.03× | 2.54× | ||
| Q2 25 | 0.90× | 1.37× | ||
| Q1 25 | -3.60× | 2.00× | ||
| Q4 24 | 4.20× | 1.23× | ||
| Q3 24 | 2.72× | 1.96× | ||
| Q2 24 | 3.53× | 1.22× | ||
| Q1 24 | -2.52× | 1.31× |
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% |
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
