vs
BLUE OWL CAPITAL INC.（OWL）与Real Brokerage Inc（REAX）财务数据对比。点击上方公司名可切换其他公司
BLUE OWL CAPITAL INC.的季度营收约是Real Brokerage Inc的1.3倍（$755.6M vs $568.5M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs -0.1%，领先6.4%），Real Brokerage Inc同比增速更快（52.6% vs 19.7%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $8.4M）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
OWL vs REAX — 直观对比
营收规模更大
OWL
是对方的1.3倍
$568.5M
营收增速更快
REAX
高出33.0%
19.7%
净利率更高
OWL
高出6.4%
-0.1%
自由现金流更多
OWL
多$350.7M
$8.4M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $568.5M |
| 净利润 | $47.7M | $-447.0K |
| 毛利率 | — | 7.9% |
| 营业利润率 | 22.2% | -0.1% |
| 净利率 | 6.3% | -0.1% |
| 营收同比 | 19.7% | 52.6% |
| 净利润同比 | 129.8% | 82.7% |
| 每股收益（稀释后） | $0.07 | $0.00 |
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OWLREAX
| Q4 25 | $755.6M | — | ||
| Q3 25 | $728.0M | $568.5M | ||
| Q2 25 | $703.1M | $540.7M | ||
| Q1 25 | $683.5M | $354.0M | ||
| Q4 24 | $631.4M | — | ||
| Q3 24 | $600.9M | $372.5M | ||
| Q2 24 | $549.8M | — | ||
| Q1 24 | $513.3M | $200.7M |
净利润OWLREAX
| Q4 25 | $47.7M | — | ||
| Q3 25 | $6.3M | $-447.0K | ||
| Q2 25 | $17.4M | $1.5M | ||
| Q1 25 | $7.4M | $-5.0M | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $29.8M | $-2.6M | ||
| Q2 24 | $33.9M | — | ||
| Q1 24 | $25.1M | $-16.1M |
毛利率OWLREAX
| Q4 25 | — | — | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.3% |
营业利润率OWLREAX
| Q4 25 | 22.2% | — | ||
| Q3 25 | 7.6% | -0.1% | ||
| Q2 25 | 12.0% | 0.3% | ||
| Q1 25 | 5.9% | -1.5% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 18.7% | -0.7% | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 24.7% | -7.8% |
净利率OWLREAX
| Q4 25 | 6.3% | — | ||
| Q3 25 | 0.9% | -0.1% | ||
| Q2 25 | 2.5% | 0.3% | ||
| Q1 25 | 1.1% | -1.4% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 5.0% | -0.7% | ||
| Q2 24 | 6.2% | — | ||
| Q1 24 | 4.9% | -8.0% |
每股收益（稀释后）OWLREAX
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.01 | $0.00 | ||
| Q2 25 | $0.02 | $0.01 | ||
| Q1 25 | $0.00 | $-0.02 | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.04 | $-0.01 | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $0.04 | $-0.09 |
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 | $194.5M | $38.7M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $2.2B | $53.6M |
| 总资产 | $12.5B | $145.2M |
| 负债/权益比越低杠杆越低 | 1.51× | — |
8季度趋势，按日历期对齐
现金及短期投资OWLREAX
| Q4 25 | $194.5M | — | ||
| Q3 25 | $137.3M | $38.7M | ||
| Q2 25 | $117.6M | $49.7M | ||
| Q1 25 | $97.6M | $24.7M | ||
| Q4 24 | $152.1M | — | ||
| Q3 24 | $115.9M | $22.6M | ||
| Q2 24 | $436.8M | — | ||
| Q1 24 | $155.8M | $20.1M |
总债务OWLREAX
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
股东权益OWLREAX
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.3B | $53.6M | ||
| Q2 25 | $2.4B | $49.2M | ||
| Q1 25 | $2.3B | $32.8M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.0B | $29.8M | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.6B | $25.6M |
总资产OWLREAX
| Q4 25 | $12.5B | — | ||
| Q3 25 | $12.5B | $145.2M | ||
| Q2 25 | $12.3B | $149.4M | ||
| Q1 25 | $12.3B | $100.5M | ||
| Q4 24 | $11.0B | — | ||
| Q3 24 | $10.8B | $102.5M | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $9.0B | — |
负债/权益比OWLREAX
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
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 | $382.9M | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $8.4M |
| 自由现金流率自由现金流/营收 | 47.5% | 1.5% |
| 资本支出强度资本支出/营收 | 3.1% | 0.1% |
| 现金转化率经营现金流/净利润 | 8.03× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $71.7M |
8季度趋势，按日历期对齐
经营现金流OWLREAX
| Q4 25 | $382.9M | — | ||
| Q3 25 | $433.1M | $8.8M | ||
| Q2 25 | $422.5M | $41.0M | ||
| Q1 25 | $17.6M | $15.9M | ||
| Q4 24 | $324.0M | — | ||
| Q3 24 | $326.0M | $7.2M | ||
| Q2 24 | $302.3M | — | ||
| Q1 24 | $47.2M | $21.5M |
自由现金流OWLREAX
| Q4 25 | $359.1M | — | ||
| Q3 25 | $422.5M | $8.4M | ||
| Q2 25 | $412.5M | $40.8M | ||
| Q1 25 | $4.2M | $15.7M | ||
| Q4 24 | $310.1M | — | ||
| Q3 24 | $314.8M | $6.8M | ||
| Q2 24 | $269.4M | — | ||
| Q1 24 | $41.1M | $21.4M |
自由现金流率OWLREAX
| Q4 25 | 47.5% | — | ||
| Q3 25 | 58.0% | 1.5% | ||
| Q2 25 | 58.7% | 7.5% | ||
| Q1 25 | 0.6% | 4.4% | ||
| Q4 24 | 49.1% | — | ||
| Q3 24 | 52.4% | 1.8% | ||
| Q2 24 | 49.0% | — | ||
| Q1 24 | 8.0% | 10.7% |
资本支出强度OWLREAX
| Q4 25 | 3.1% | — | ||
| Q3 25 | 1.5% | 0.1% | ||
| Q2 25 | 1.4% | 0.0% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.9% | 0.1% | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 1.2% | 0.0% |
现金转化率OWLREAX
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | — | ||
| Q2 25 | 24.25× | 27.13× | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | — |
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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
REAX
暂无分部数据
