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BLUE OWL CAPITAL INC.（OWL）与Royalty Pharma plc（RPRX）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Royalty Pharma plc的1.2倍（$755.6M vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 6.3%，领先28.1%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 4.8%），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs 4.6%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
OWL vs RPRX — 直观对比
营收规模更大
OWL
是对方的1.2倍
$622.0M
营收增速更快
OWL
高出14.9%
4.8%
净利率更高
RPRX
高出28.1%
6.3%
两年增速更快
OWL
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $622.0M |
| 净利润 | $47.7M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 22.2% | 62.4% |
| 净利率 | 6.3% | 34.4% |
| 营收同比 | 19.7% | 4.8% |
| 净利润同比 | 129.8% | 2.9% |
| 每股收益（稀释后） | $0.07 | $0.49 |
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OWLRPRX
| Q4 25 | $755.6M | $622.0M | ||
| Q3 25 | $728.0M | $609.3M | ||
| Q2 25 | $703.1M | $578.7M | ||
| Q1 25 | $683.5M | $568.2M | ||
| Q4 24 | $631.4M | $593.6M | ||
| Q3 24 | $600.9M | $564.7M | ||
| Q2 24 | $549.8M | $537.3M | ||
| Q1 24 | $513.3M | $568.0M |
净利润OWLRPRX
| Q4 25 | $47.7M | $214.2M | ||
| Q3 25 | $6.3M | $288.2M | ||
| Q2 25 | $17.4M | $30.2M | ||
| Q1 25 | $7.4M | $238.3M | ||
| Q4 24 | $20.7M | $208.2M | ||
| Q3 24 | $29.8M | $544.0M | ||
| Q2 24 | $33.9M | $102.0M | ||
| Q1 24 | $25.1M | $4.8M |
营业利润率OWLRPRX
| Q4 25 | 22.2% | 62.4% | ||
| Q3 25 | 7.6% | 70.1% | ||
| Q2 25 | 12.0% | 36.3% | ||
| Q1 25 | 5.9% | 94.0% | ||
| Q4 24 | 11.7% | 60.9% | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 28.4% | 50.2% | ||
| Q1 24 | 24.7% | -13.0% |
净利率OWLRPRX
| Q4 25 | 6.3% | 34.4% | ||
| Q3 25 | 0.9% | 47.3% | ||
| Q2 25 | 2.5% | 5.2% | ||
| Q1 25 | 1.1% | 41.9% | ||
| Q4 24 | 3.3% | 35.1% | ||
| Q3 24 | 5.0% | 96.3% | ||
| Q2 24 | 6.2% | 19.0% | ||
| Q1 24 | 4.9% | 0.8% |
每股收益（稀释后）OWLRPRX
| Q4 25 | $0.07 | $0.49 | ||
| Q3 25 | $0.01 | $0.67 | ||
| Q2 25 | $0.02 | $0.07 | ||
| Q1 25 | $0.00 | $0.55 | ||
| Q4 24 | $0.06 | $0.46 | ||
| Q3 24 | $0.04 | $1.21 | ||
| Q2 24 | $0.06 | $0.23 | ||
| Q1 24 | $0.04 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $3.3B | $9.0B |
| 股东权益账面价值 | $2.2B | $9.7B |
| 总资产 | $12.5B | $19.6B |
| 负债/权益比越低杠杆越低 | 1.51× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资OWLRPRX
| Q4 25 | $194.5M | $618.7M | ||
| Q3 25 | $137.3M | $938.9M | ||
| Q2 25 | $117.6M | $631.9M | ||
| Q1 25 | $97.6M | $1.1B | ||
| Q4 24 | $152.1M | $929.0M | ||
| Q3 24 | $115.9M | $950.1M | ||
| Q2 24 | $436.8M | $1.8B | ||
| Q1 24 | $155.8M | $843.0M |
总债务OWLRPRX
| Q4 25 | $3.3B | $9.0B | ||
| Q3 25 | $3.2B | $8.9B | ||
| Q2 25 | $3.2B | $8.0B | ||
| Q1 25 | $3.2B | $7.6B | ||
| Q4 24 | $2.6B | $7.6B | ||
| Q3 24 | $2.5B | $7.6B | ||
| Q2 24 | $2.5B | $7.6B | ||
| Q1 24 | $2.1B | $6.1B |
股东权益OWLRPRX
| Q4 25 | $2.2B | $9.7B | ||
| Q3 25 | $2.3B | $9.6B | ||
| Q2 25 | $2.4B | $9.5B | ||
| Q1 25 | $2.3B | $9.8B | ||
| Q4 24 | $2.1B | $10.3B | ||
| Q3 24 | $2.0B | $10.3B | ||
| Q2 24 | $1.7B | $9.8B | ||
| Q1 24 | $1.6B | $9.9B |
总资产OWLRPRX
| Q4 25 | $12.5B | $19.6B | ||
| Q3 25 | $12.5B | $19.3B | ||
| Q2 25 | $12.3B | $18.3B | ||
| Q1 25 | $12.3B | $17.6B | ||
| Q4 24 | $11.0B | $18.2B | ||
| Q3 24 | $10.8B | $18.0B | ||
| Q2 24 | $9.7B | $17.7B | ||
| Q1 24 | $9.0B | $16.1B |
负债/权益比OWLRPRX
| Q4 25 | 1.51× | 0.92× | ||
| Q3 25 | 1.41× | 0.93× | ||
| Q2 25 | 1.38× | 0.84× | ||
| Q1 25 | 1.37× | 0.78× | ||
| Q4 24 | 1.22× | 0.74× | ||
| Q3 24 | 1.27× | 0.74× | ||
| Q2 24 | 1.41× | 0.78× | ||
| Q1 24 | 1.26× | 0.62× |
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 | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | — |
| 自由现金流率自由现金流/营收 | 47.5% | — |
| 资本支出强度资本支出/营收 | 3.1% | — |
| 现金转化率经营现金流/净利润 | 8.03× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流OWLRPRX
| Q4 25 | $382.9M | $827.1M | ||
| Q3 25 | $433.1M | $702.6M | ||
| Q2 25 | $422.5M | $364.0M | ||
| Q1 25 | $17.6M | $596.1M | ||
| Q4 24 | $324.0M | $742.5M | ||
| Q3 24 | $326.0M | $703.6M | ||
| Q2 24 | $302.3M | $658.2M | ||
| Q1 24 | $47.2M | $664.6M |
自由现金流OWLRPRX
| Q4 25 | $359.1M | — | ||
| Q3 25 | $422.5M | — | ||
| Q2 25 | $412.5M | — | ||
| Q1 25 | $4.2M | — | ||
| Q4 24 | $310.1M | — | ||
| Q3 24 | $314.8M | — | ||
| Q2 24 | $269.4M | — | ||
| Q1 24 | $41.1M | — |
自由现金流率OWLRPRX
| Q4 25 | 47.5% | — | ||
| Q3 25 | 58.0% | — | ||
| Q2 25 | 58.7% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 49.1% | — | ||
| Q3 24 | 52.4% | — | ||
| Q2 24 | 49.0% | — | ||
| Q1 24 | 8.0% | — |
资本支出强度OWLRPRX
| Q4 25 | 3.1% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 1.2% | — |
现金转化率OWLRPRX
| Q4 25 | 8.03× | 3.86× | ||
| Q3 25 | 68.64× | 2.44× | ||
| Q2 25 | 24.25× | 12.06× | ||
| Q1 25 | 2.37× | 2.50× | ||
| Q4 24 | 15.62× | 3.57× | ||
| Q3 24 | 10.94× | 1.29× | ||
| Q2 24 | 8.91× | 6.45× | ||
| Q1 24 | 1.88× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
