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拉扎德（LAZ）与帕兰提尔科技（PLTR）财务数据对比。点击上方公司名可切换其他公司
帕兰提尔科技的季度营收约是拉扎德的1.5倍（$1.4B vs $929.4M），帕兰提尔科技净利率更高（43.3% vs 5.4%，领先37.9%），帕兰提尔科技同比增速更快（70.0% vs 10.8%），帕兰提尔科技自由现金流更多（$764.0M vs $396.1M），过去两年帕兰提尔科技的营收复合增速更高（48.9% 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。
帕兰提尔科技是美国上市企业，专注研发数据集成与分析平台，为政府机构、军方及各行业企业提供多源数据整合分析能力。旗下核心产品Gotham与Foundry可打通相互孤立的数据库，广泛支撑情报作业、反恐分析、执法工作及企业级数据分析场景。
LAZ vs PLTR — 直观对比
营收规模更大
PLTR
是对方的1.5倍
$929.4M
营收增速更快
PLTR
高出59.2%
10.8%
净利率更高
PLTR
高出37.9%
5.4%
自由现金流更多
PLTR
多$367.9M
$396.1M
两年增速更快
PLTR
近两年复合增速
8.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.4M | $1.4B |
| 净利润 | $49.9M | $608.7M |
| 毛利率 | — | 84.6% |
| 营业利润率 | 9.1% | 40.9% |
| 净利率 | 5.4% | 43.3% |
| 营收同比 | 10.8% | 70.0% |
| 净利润同比 | -42.2% | 670.4% |
| 每股收益（稀释后） | $0.44 | $0.24 |
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LAZPLTR
| Q4 25 | $929.4M | $1.4B | ||
| Q3 25 | $770.8M | $1.2B | ||
| Q2 25 | $817.2M | $1.0B | ||
| Q1 25 | $669.2M | $883.9M | ||
| Q4 24 | $839.0M | $827.5M | ||
| Q3 24 | $807.4M | $725.5M | ||
| Q2 24 | $708.0M | $678.1M | ||
| Q1 24 | $785.5M | $634.3M |
净利润LAZPLTR
| Q4 25 | $49.9M | $608.7M | ||
| Q3 25 | $71.2M | $475.6M | ||
| Q2 25 | $55.3M | $326.7M | ||
| Q1 25 | $60.4M | $214.0M | ||
| Q4 24 | $86.3M | $79.0M | ||
| Q3 24 | $107.9M | $143.5M | ||
| Q2 24 | $49.9M | $134.1M | ||
| Q1 24 | $35.8M | $105.5M |
毛利率LAZPLTR
| Q4 25 | — | 84.6% | ||
| Q3 25 | — | 82.4% | ||
| Q2 25 | — | 80.8% | ||
| Q1 25 | — | 80.4% | ||
| Q4 24 | — | 78.9% | ||
| Q3 24 | — | 79.8% | ||
| Q2 24 | — | 81.0% | ||
| Q1 24 | — | 81.7% |
营业利润率LAZPLTR
| Q4 25 | 9.1% | 40.9% | ||
| Q3 25 | 12.3% | 33.3% | ||
| Q2 25 | 11.4% | 26.8% | ||
| Q1 25 | 8.2% | 19.9% | ||
| Q4 24 | 12.8% | 1.3% | ||
| Q3 24 | 20.0% | 15.6% | ||
| Q2 24 | 9.0% | 15.5% | ||
| Q1 24 | 6.9% | 12.8% |
净利率LAZPLTR
| Q4 25 | 5.4% | 43.3% | ||
| Q3 25 | 9.2% | 40.3% | ||
| Q2 25 | 6.8% | 32.6% | ||
| Q1 25 | 9.0% | 24.2% | ||
| Q4 24 | 10.3% | 9.5% | ||
| Q3 24 | 13.4% | 19.8% | ||
| Q2 24 | 7.0% | 19.8% | ||
| Q1 24 | 4.6% | 16.6% |
每股收益（稀释后）LAZPLTR
| Q4 25 | $0.44 | $0.24 | ||
| Q3 25 | $0.65 | $0.18 | ||
| Q2 25 | $0.52 | $0.13 | ||
| Q1 25 | $0.56 | $0.08 | ||
| Q4 24 | $0.82 | $0.03 | ||
| Q3 24 | $1.02 | $0.06 | ||
| Q2 24 | $0.49 | $0.06 | ||
| Q1 24 | $0.35 | $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 | $1.5B | $7.2B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $873.7M | $7.4B |
| 总资产 | $4.9B | $8.9B |
| 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LAZPLTR
| Q4 25 | $1.5B | $7.2B | ||
| Q3 25 | $1.2B | $6.4B | ||
| Q2 25 | $978.3M | $6.0B | ||
| Q1 25 | $908.6M | $5.4B | ||
| Q4 24 | $1.3B | $5.2B | ||
| Q3 24 | $1.2B | $4.6B | ||
| Q2 24 | $847.6M | $4.0B | ||
| Q1 24 | $923.2M | $3.9B |
总债务LAZPLTR
| 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LAZPLTR
| Q4 25 | $873.7M | $7.4B | ||
| Q3 25 | $841.5M | $6.6B | ||
| Q2 25 | $741.6M | $5.9B | ||
| Q1 25 | $603.0M | $5.4B | ||
| Q4 24 | $636.2M | $5.0B | ||
| Q3 24 | $624.3M | $4.5B | ||
| Q2 24 | $458.7M | $4.1B | ||
| Q1 24 | $392.7M | $3.8B |
总资产LAZPLTR
| Q4 25 | $4.9B | $8.9B | ||
| Q3 25 | $4.6B | $8.1B | ||
| Q2 25 | $4.5B | $7.4B | ||
| Q1 25 | $4.2B | $6.7B | ||
| Q4 24 | $4.8B | $6.3B | ||
| Q3 24 | $4.8B | $5.8B | ||
| Q2 24 | $4.5B | $5.2B | ||
| Q1 24 | $4.6B | $4.8B |
负债/权益比LAZPLTR
| 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 | $777.3M |
| 自由现金流经营现金流 - 资本支出 | $396.1M | $764.0M |
| 自由现金流率自由现金流/营收 | 42.6% | 54.3% |
| 资本支出强度资本支出/营收 | 0.4% | 0.9% |
| 现金转化率经营现金流/净利润 | 8.02× | 1.28× |
| 过去12个月自由现金流最近4个季度 | $487.4M | $2.1B |
8季度趋势，按日历期对齐
经营现金流LAZPLTR
| Q4 25 | $399.7M | $777.3M | ||
| Q3 25 | $287.5M | $507.7M | ||
| Q2 25 | $49.7M | $539.3M | ||
| Q1 25 | $-217.5M | $310.3M | ||
| Q4 24 | $362.9M | $460.3M | ||
| Q3 24 | $293.7M | $419.8M | ||
| Q2 24 | $176.2M | $144.2M | ||
| Q1 24 | $-90.0M | $129.6M |
自由现金流LAZPLTR
| Q4 25 | $396.1M | $764.0M | ||
| Q3 25 | $284.6M | $500.9M | ||
| Q2 25 | $38.0M | $531.6M | ||
| Q1 25 | $-231.3M | $304.1M | ||
| Q4 24 | $348.0M | $457.2M | ||
| Q3 24 | $276.2M | $415.8M | ||
| Q2 24 | $169.8M | $141.3M | ||
| Q1 24 | $-96.6M | $126.9M |
自由现金流率LAZPLTR
| Q4 25 | 42.6% | 54.3% | ||
| Q3 25 | 36.9% | 42.4% | ||
| Q2 25 | 4.6% | 53.0% | ||
| Q1 25 | -34.6% | 34.4% | ||
| Q4 24 | 41.5% | 55.3% | ||
| Q3 24 | 34.2% | 57.3% | ||
| Q2 24 | 24.0% | 20.8% | ||
| Q1 24 | -12.3% | 20.0% |
资本支出强度LAZPLTR
| Q4 25 | 0.4% | 0.9% | ||
| Q3 25 | 0.4% | 0.6% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 2.1% | 0.7% | ||
| Q4 24 | 1.8% | 0.4% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 0.9% | 0.4% | ||
| Q1 24 | 0.8% | 0.4% |
现金转化率LAZPLTR
| Q4 25 | 8.02× | 1.28× | ||
| Q3 25 | 4.03× | 1.07× | ||
| Q2 25 | 0.90× | 1.65× | ||
| Q1 25 | -3.60× | 1.45× | ||
| Q4 24 | 4.20× | 5.83× | ||
| Q3 24 | 2.72× | 2.92× | ||
| Q2 24 | 3.53× | 1.08× | ||
| Q1 24 | -2.52× | 1.23× |
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% |
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
