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BLUE OWL CAPITAL INC.（OWL）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是BLUE OWL CAPITAL INC.的1.4倍（$1.1B vs $755.6M），泰瑞达净利率更高（23.7% vs 6.3%，领先17.4%），泰瑞达同比增速更快（43.9% vs 19.7%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $218.8M），过去两年泰瑞达的营收复合增速更高（34.4% vs 21.3%）
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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
OWL vs TER — 直观对比
营收规模更大
TER
是对方的1.4倍
$755.6M
营收增速更快
TER
高出24.2%
19.7%
净利率更高
TER
高出17.4%
6.3%
自由现金流更多
OWL
多$140.4M
$218.8M
两年增速更快
TER
近两年复合增速
21.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $1.1B |
| 净利润 | $47.7M | $257.2M |
| 毛利率 | — | 57.2% |
| 营业利润率 | 22.2% | 27.1% |
| 净利率 | 6.3% | 23.7% |
| 营收同比 | 19.7% | 43.9% |
| 净利润同比 | 129.8% | 75.9% |
| 每股收益（稀释后） | $0.07 | $1.62 |
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OWLTER
| Q4 25 | $755.6M | $1.1B | ||
| Q3 25 | $728.0M | $769.2M | ||
| Q2 25 | $703.1M | $651.8M | ||
| Q1 25 | $683.5M | $685.7M | ||
| Q4 24 | $631.4M | $752.9M | ||
| Q3 24 | $600.9M | $737.3M | ||
| Q2 24 | $549.8M | $729.9M | ||
| Q1 24 | $513.3M | $599.8M |
净利润OWLTER
| Q4 25 | $47.7M | $257.2M | ||
| Q3 25 | $6.3M | $119.6M | ||
| Q2 25 | $17.4M | $78.4M | ||
| Q1 25 | $7.4M | $98.9M | ||
| Q4 24 | $20.7M | $146.3M | ||
| Q3 24 | $29.8M | $145.6M | ||
| Q2 24 | $33.9M | $186.3M | ||
| Q1 24 | $25.1M | $64.2M |
毛利率OWLTER
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% | ||
| Q1 24 | — | 56.6% |
营业利润率OWLTER
| Q4 25 | 22.2% | 27.1% | ||
| Q3 25 | 7.6% | 18.9% | ||
| Q2 25 | 12.0% | 13.9% | ||
| Q1 25 | 5.9% | 17.6% | ||
| Q4 24 | 11.7% | 20.4% | ||
| Q3 24 | 18.7% | 20.6% | ||
| Q2 24 | 28.4% | 28.8% | ||
| Q1 24 | 24.7% | 13.0% |
净利率OWLTER
| Q4 25 | 6.3% | 23.7% | ||
| Q3 25 | 0.9% | 15.5% | ||
| Q2 25 | 2.5% | 12.0% | ||
| Q1 25 | 1.1% | 14.4% | ||
| Q4 24 | 3.3% | 19.4% | ||
| Q3 24 | 5.0% | 19.8% | ||
| Q2 24 | 6.2% | 25.5% | ||
| Q1 24 | 4.9% | 10.7% |
每股收益（稀释后）OWLTER
| Q4 25 | $0.07 | $1.62 | ||
| Q3 25 | $0.01 | $0.75 | ||
| Q2 25 | $0.02 | $0.49 | ||
| Q1 25 | $0.00 | $0.61 | ||
| Q4 24 | $0.06 | $0.89 | ||
| Q3 24 | $0.04 | $0.89 | ||
| Q2 24 | $0.06 | $1.14 | ||
| Q1 24 | $0.04 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $2.2B | $2.8B |
| 总资产 | $12.5B | $4.2B |
| 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OWLTER
| Q4 25 | $194.5M | $293.8M | ||
| Q3 25 | $137.3M | $272.7M | ||
| Q2 25 | $117.6M | $339.3M | ||
| Q1 25 | $97.6M | $475.6M | ||
| Q4 24 | $152.1M | $553.4M | ||
| Q3 24 | $115.9M | $510.0M | ||
| Q2 24 | $436.8M | $421.9M | ||
| Q1 24 | $155.8M | $707.4M |
总债务OWLTER
| 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OWLTER
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.3B | $2.7B | ||
| Q2 25 | $2.4B | $2.8B | ||
| Q1 25 | $2.3B | $2.8B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.7B | $2.7B | ||
| Q1 24 | $1.6B | $2.6B |
总资产OWLTER
| Q4 25 | $12.5B | $4.2B | ||
| Q3 25 | $12.5B | $4.0B | ||
| Q2 25 | $12.3B | $3.8B | ||
| Q1 25 | $12.3B | $3.7B | ||
| Q4 24 | $11.0B | $3.7B | ||
| Q3 24 | $10.8B | $3.8B | ||
| Q2 24 | $9.7B | $3.6B | ||
| Q1 24 | $9.0B | $3.4B |
负债/权益比OWLTER
| 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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $218.8M |
| 自由现金流率自由现金流/营收 | 47.5% | 20.2% |
| 资本支出强度资本支出/营收 | 3.1% | 5.8% |
| 现金转化率经营现金流/净利润 | 8.03× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $450.4M |
8季度趋势，按日历期对齐
经营现金流OWLTER
| Q4 25 | $382.9M | $281.6M | ||
| Q3 25 | $433.1M | $49.0M | ||
| Q2 25 | $422.5M | $182.1M | ||
| Q1 25 | $17.6M | $161.6M | ||
| Q4 24 | $324.0M | $282.6M | ||
| Q3 24 | $326.0M | $166.3M | ||
| Q2 24 | $302.3M | $216.1M | ||
| Q1 24 | $47.2M | $7.3M |
自由现金流OWLTER
| Q4 25 | $359.1M | $218.8M | ||
| Q3 25 | $422.5M | $2.4M | ||
| Q2 25 | $412.5M | $131.7M | ||
| Q1 25 | $4.2M | $97.6M | ||
| Q4 24 | $310.1M | $225.2M | ||
| Q3 24 | $314.8M | $114.4M | ||
| Q2 24 | $269.4M | $171.2M | ||
| Q1 24 | $41.1M | $-36.7M |
自由现金流率OWLTER
| Q4 25 | 47.5% | 20.2% | ||
| Q3 25 | 58.0% | 0.3% | ||
| Q2 25 | 58.7% | 20.2% | ||
| Q1 25 | 0.6% | 14.2% | ||
| Q4 24 | 49.1% | 29.9% | ||
| Q3 24 | 52.4% | 15.5% | ||
| Q2 24 | 49.0% | 23.5% | ||
| Q1 24 | 8.0% | -6.1% |
资本支出强度OWLTER
| Q4 25 | 3.1% | 5.8% | ||
| Q3 25 | 1.5% | 6.1% | ||
| Q2 25 | 1.4% | 7.7% | ||
| Q1 25 | 2.0% | 9.3% | ||
| Q4 24 | 2.2% | 7.6% | ||
| Q3 24 | 1.9% | 7.0% | ||
| Q2 24 | 6.0% | 6.1% | ||
| Q1 24 | 1.2% | 7.3% |
现金转化率OWLTER
| Q4 25 | 8.03× | 1.09× | ||
| Q3 25 | 68.64× | 0.41× | ||
| Q2 25 | 24.25× | 2.32× | ||
| Q1 25 | 2.37× | 1.63× | ||
| Q4 24 | 15.62× | 1.93× | ||
| Q3 24 | 10.94× | 1.14× | ||
| Q2 24 | 8.91× | 1.16× | ||
| Q1 24 | 1.88× | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
