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LPL Financial Holdings Inc.（LPLA）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
LPL Financial Holdings Inc.的季度营收约是史丹利百得的1.3倍（$4.9B vs $3.8B），LPL Financial Holdings Inc.净利率更高（7.2% vs 1.5%，领先5.7%），LPL Financial Holdings Inc.同比增速更快（34.6% vs 2.7%），过去两年LPL Financial Holdings Inc.的营收复合增速更高（29.8% vs -0.3%）
LPL Financial Holdings Inc.成立于1989年，是美国规模最大的独立经纪自营商。截至2021年，公司拥有超17500名财务顾问，咨询及经纪类资产规模超1万亿美元，2023财年总营收约103亿美元，在波士顿、福特米尔、奥斯汀、圣迭戈设有核心办事处，是FINRA和SIPC成员。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
LPLA vs SWK — 直观对比
营收规模更大
LPLA
是对方的1.3倍
$3.8B
营收增速更快
LPLA
高出31.8%
2.7%
净利率更高
LPLA
高出5.7%
1.5%
两年增速更快
LPLA
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.8B |
| 净利润 | $356.4M | $59.6M |
| 毛利率 | 32.3% | 30.1% |
| 营业利润率 | — | 4.2% |
| 净利率 | 7.2% | 1.5% |
| 营收同比 | 34.6% | 2.7% |
| 净利润同比 | — | -34.1% |
| 每股收益（稀释后） | $4.43 | $0.39 |
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LPLASWK
| Q1 26 | $4.9B | $3.8B | ||
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.6B | $3.8B | ||
| Q2 25 | $3.8B | $3.9B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $3.5B | $3.7B | ||
| Q3 24 | $3.1B | $3.8B | ||
| Q2 24 | $2.9B | $4.0B |
净利润LPLASWK
| Q1 26 | $356.4M | $59.6M | ||
| Q4 25 | $300.7M | — | ||
| Q3 25 | $-29.5M | $51.4M | ||
| Q2 25 | $273.2M | $101.9M | ||
| Q1 25 | $318.6M | $90.4M | ||
| Q4 24 | $270.7M | $194.9M | ||
| Q3 24 | $255.3M | $91.1M | ||
| Q2 24 | $243.8M | $-11.2M |
毛利率LPLASWK
| Q1 26 | 32.3% | 30.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.0% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 28.4% |
营业利润率LPLASWK
| Q1 26 | — | 4.2% | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | 9.6% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 9.7% | 3.4% | ||
| Q3 24 | 11.2% | 10.6% | ||
| Q2 24 | 11.3% | 9.5% |
净利率LPLASWK
| Q1 26 | 7.2% | 1.5% | ||
| Q4 25 | 6.1% | — | ||
| Q3 25 | -0.6% | 1.4% | ||
| Q2 25 | 7.1% | 2.6% | ||
| Q1 25 | 8.7% | 2.4% | ||
| Q4 24 | 7.7% | 5.2% | ||
| Q3 24 | 8.2% | 2.4% | ||
| Q2 24 | 8.3% | -0.3% |
每股收益（稀释后）LPLASWK
| Q1 26 | $4.43 | $0.39 | ||
| Q4 25 | $3.65 | — | ||
| Q3 25 | $-0.37 | $0.34 | ||
| Q2 25 | $3.40 | $0.67 | ||
| Q1 25 | $4.24 | $0.60 | ||
| Q4 24 | $3.58 | $1.29 | ||
| Q3 24 | $3.39 | $0.60 | ||
| Q2 24 | $3.23 | $-0.07 |
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 | $1.0B | $333.7M |
| 总债务越低越好 | — | $6.4B |
| 股东权益账面价值 | $5.7B | — |
| 总资产 | $18.8B | $21.6B |
| 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LPLASWK
| Q1 26 | $1.0B | $333.7M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.6B | $268.3M | ||
| Q2 25 | $4.3B | $311.8M | ||
| Q1 25 | $1.4B | $344.8M | ||
| Q4 24 | $1.0B | $290.5M | ||
| Q3 24 | $1.6B | $298.7M | ||
| Q2 24 | $1.4B | $318.5M |
总债务LPLASWK
| Q1 26 | — | $6.4B | ||
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.5B | $5.3B | ||
| Q2 25 | $7.2B | $5.6B | ||
| Q1 25 | $5.7B | $5.6B | ||
| Q4 24 | $5.5B | $6.1B | ||
| Q3 24 | $4.4B | $6.1B | ||
| Q2 24 | $4.4B | $6.1B |
股东权益LPLASWK
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.0B | $9.0B | ||
| Q2 25 | $5.1B | $9.1B | ||
| Q1 25 | $3.1B | $8.8B | ||
| Q4 24 | $2.9B | $8.7B | ||
| Q3 24 | $2.8B | $8.9B | ||
| Q2 24 | $2.5B | $8.7B |
总资产LPLASWK
| Q1 26 | $18.8B | $21.6B | ||
| Q4 25 | $18.5B | — | ||
| Q3 25 | $18.0B | $21.8B | ||
| Q2 25 | $17.5B | $22.5B | ||
| Q1 25 | $14.0B | $22.5B | ||
| Q4 24 | $13.3B | $21.8B | ||
| Q3 24 | $11.9B | $22.5B | ||
| Q2 24 | $11.5B | $22.5B |
负债/权益比LPLASWK
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.49× | 0.59× | ||
| Q2 25 | 1.41× | 0.62× | ||
| Q1 25 | 1.82× | 0.63× | ||
| Q4 24 | 1.87× | 0.70× | ||
| Q3 24 | 1.60× | 0.69× | ||
| Q2 24 | 1.77× | 0.70× |
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 | — | $-388.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-447.3M |
| 自由现金流率自由现金流/营收 | — | -11.6% |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | -6.52× |
| 过去12个月自由现金流最近4个季度 | — | $-642.3M |
8季度趋势，按日历期对齐
经营现金流LPLASWK
| Q1 26 | — | $-388.8M | ||
| Q4 25 | $785.0M | — | ||
| Q3 25 | $-1.7B | $221.2M | ||
| Q2 25 | $193.3M | $214.3M | ||
| Q1 25 | $339.8M | $-420.0M | ||
| Q4 24 | $-178.8M | $679.1M | ||
| Q3 24 | $209.3M | $285.8M | ||
| Q2 24 | $-178.9M | $573.0M |
自由现金流LPLASWK
| Q1 26 | — | $-447.3M | ||
| Q4 25 | $613.3M | — | ||
| Q3 25 | $-1.9B | $155.3M | ||
| Q2 25 | $56.3M | $134.7M | ||
| Q1 25 | $220.3M | $-485.0M | ||
| Q4 24 | $-344.3M | $564.6M | ||
| Q3 24 | $62.3M | $199.3M | ||
| Q2 24 | $-307.8M | $485.8M |
自由现金流率LPLASWK
| Q1 26 | — | -11.6% | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | -41.1% | 4.1% | ||
| Q2 25 | 1.5% | 3.4% | ||
| Q1 25 | 6.0% | -13.0% | ||
| Q4 24 | -9.8% | 15.2% | ||
| Q3 24 | 2.0% | 5.3% | ||
| Q2 24 | -10.5% | 12.1% |
资本支出强度LPLASWK
| Q1 26 | 0.0% | — | ||
| Q4 25 | 3.5% | — | ||
| Q3 25 | 3.1% | 1.8% | ||
| Q2 25 | 3.6% | 2.0% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 4.7% | 3.1% | ||
| Q3 24 | 4.7% | 2.3% | ||
| Q2 24 | 4.4% | 2.2% |
现金转化率LPLASWK
| Q1 26 | — | -6.52× | ||
| Q4 25 | 2.61× | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | 0.71× | 2.10× | ||
| Q1 25 | 1.07× | -4.65× | ||
| Q4 24 | -0.66× | 3.48× | ||
| Q3 24 | 0.82× | 3.14× | ||
| Q2 24 | -0.73× | — |
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
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
SWK
暂无分部数据
