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新闻集团（NWSA）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
韦莱韬悦的季度营收约是新闻集团的1.2倍（$2.9B vs $2.4B），韦莱韬悦净利率更高（25.5% vs 8.2%，领先17.3%），新闻集团同比增速更快（5.5% vs -3.5%），韦莱韬悦自由现金流更多（$708.0M vs $132.0M），过去两年韦莱韬悦的营收复合增速更高（12.0% vs -1.3%）
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
NWSA vs WTW — 直观对比
营收规模更大
WTW
是对方的1.2倍
$2.4B
营收增速更快
NWSA
高出9.1%
-3.5%
净利率更高
WTW
高出17.3%
8.2%
自由现金流更多
WTW
多$576.0M
$132.0M
两年增速更快
WTW
近两年复合增速
-1.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $2.9B |
| 净利润 | $193.0M | $735.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 35.3% |
| 净利率 | 8.2% | 25.5% |
| 营收同比 | 5.5% | -3.5% |
| 净利润同比 | -10.2% | -41.0% |
| 每股收益（稀释后） | $0.34 | $7.50 |
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NWSAWTW
| Q4 25 | $2.4B | $2.9B | ||
| Q3 25 | $2.1B | $2.2B | ||
| Q2 25 | $1.6B | $2.2B | ||
| Q1 25 | $2.0B | $2.2B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.6B | $2.2B | ||
| Q1 24 | $2.4B | $2.3B |
净利润NWSAWTW
| Q4 25 | $193.0M | $735.0M | ||
| Q3 25 | $112.0M | $304.0M | ||
| Q2 25 | $743.0M | $331.0M | ||
| Q1 25 | $103.0M | $235.0M | ||
| Q4 24 | $215.0M | $1.2B | ||
| Q3 24 | $119.0M | $-1.7B | ||
| Q2 24 | $50.0M | $141.0M | ||
| Q1 24 | $30.0M | $190.0M |
营业利润率NWSAWTW
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | 8.5% | 16.6% | ||
| Q1 25 | 7.5% | 19.8% | ||
| Q4 24 | 19.2% | 30.2% | ||
| Q3 24 | 7.9% | -34.2% | ||
| Q2 24 | 4.3% | 9.6% | ||
| Q1 24 | 2.6% | 12.2% |
净利率NWSAWTW
| Q4 25 | 8.2% | 25.5% | ||
| Q3 25 | 5.2% | 13.6% | ||
| Q2 25 | 45.6% | 14.9% | ||
| Q1 25 | 5.1% | 10.8% | ||
| Q4 24 | 9.6% | 41.7% | ||
| Q3 24 | 4.6% | -74.8% | ||
| Q2 24 | 1.9% | 6.4% | ||
| Q1 24 | 1.2% | 8.3% |
每股收益（稀释后）NWSAWTW
| Q4 25 | $0.34 | $7.50 | ||
| Q3 25 | $0.20 | $3.11 | ||
| Q2 25 | $1.30 | $3.32 | ||
| Q1 25 | $0.18 | $2.33 | ||
| Q4 24 | $0.38 | $12.29 | ||
| Q3 24 | $0.21 | $-16.44 | ||
| Q2 24 | $0.09 | $1.36 | ||
| Q1 24 | $0.05 | $1.83 |
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 | $2.1B | $3.2B |
| 总债务越低越好 | $2.0B | $9.7B |
| 股东权益账面价值 | $8.8B | $8.0B |
| 总资产 | $15.5B | $29.5B |
| 负债/权益比越低杠杆越低 | 0.22× | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资NWSAWTW
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $2.4B | $2.0B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.9B | $1.9B |
总债务NWSAWTW
| Q4 25 | $2.0B | $9.7B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $8.6B | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
股东权益NWSAWTW
| Q4 25 | $8.8B | $8.0B | ||
| Q3 25 | $8.7B | $7.7B | ||
| Q2 25 | $8.8B | $8.1B | ||
| Q1 25 | $8.2B | $8.1B | ||
| Q4 24 | $8.1B | $7.9B | ||
| Q3 24 | $8.3B | $7.5B | ||
| Q2 24 | $8.1B | $9.3B | ||
| Q1 24 | $8.1B | $9.5B |
总资产NWSAWTW
| Q4 25 | $15.5B | $29.5B | ||
| Q3 25 | $15.3B | $27.4B | ||
| Q2 25 | $15.5B | $28.5B | ||
| Q1 25 | $16.6B | $28.1B | ||
| Q4 24 | $16.2B | $27.7B | ||
| Q3 24 | $16.9B | $27.2B | ||
| Q2 24 | $16.7B | $29.6B | ||
| Q1 24 | $16.5B | $30.2B |
负债/权益比NWSAWTW
| Q4 25 | 0.22× | 1.21× | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.24× | 1.08× | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.36× | — |
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 | $231.0M | $771.0M |
| 自由现金流经营现金流 - 资本支出 | $132.0M | $708.0M |
| 自由现金流率自由现金流/营收 | 5.6% | 24.6% |
| 资本支出强度资本支出/营收 | 4.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.20× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $586.0M | $1.5B |
8季度趋势，按日历期对齐
经营现金流NWSAWTW
| Q4 25 | $231.0M | $771.0M | ||
| Q3 25 | $85.0M | $678.0M | ||
| Q2 25 | $189.0M | $361.0M | ||
| Q1 25 | $511.0M | $-35.0M | ||
| Q4 24 | $252.0M | $599.0M | ||
| Q3 24 | $64.0M | $482.0M | ||
| Q2 24 | $254.0M | $407.0M | ||
| Q1 24 | $539.0M | $24.0M |
自由现金流NWSAWTW
| Q4 25 | $132.0M | $708.0M | ||
| Q3 25 | $4.0M | $621.0M | ||
| Q2 25 | $32.0M | $303.0M | ||
| Q1 25 | $418.0M | $-86.0M | ||
| Q4 24 | $190.0M | $543.0M | ||
| Q3 24 | $-31.0M | $419.0M | ||
| Q2 24 | $111.0M | $341.0M | ||
| Q1 24 | $422.0M | $-36.0M |
自由现金流率NWSAWTW
| Q4 25 | 5.6% | 24.6% | ||
| Q3 25 | 0.2% | 27.7% | ||
| Q2 25 | 2.0% | 13.7% | ||
| Q1 25 | 20.8% | -3.9% | ||
| Q4 24 | 8.5% | 18.2% | ||
| Q3 24 | -1.2% | 18.7% | ||
| Q2 24 | 4.3% | 15.4% | ||
| Q1 24 | 17.4% | -1.6% |
资本支出强度NWSAWTW
| Q4 25 | 4.2% | 2.2% | ||
| Q3 25 | 3.8% | 2.5% | ||
| Q2 25 | 9.6% | 2.6% | ||
| Q1 25 | 4.6% | 2.3% | ||
| Q4 24 | 2.8% | 1.9% | ||
| Q3 24 | 3.7% | 2.8% | ||
| Q2 24 | 5.5% | 3.0% | ||
| Q1 24 | 4.8% | 2.6% |
现金转化率NWSAWTW
| Q4 25 | 1.20× | 1.05× | ||
| Q3 25 | 0.76× | 2.23× | ||
| Q2 25 | 0.25× | 1.09× | ||
| Q1 25 | 4.96× | -0.15× | ||
| Q4 24 | 1.17× | 0.48× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 5.08× | 2.89× | ||
| Q1 24 | 17.97× | 0.13× |
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
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
