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信安金融集团（PFG）与威富集团（VFC）财务数据对比。点击上方公司名可切换其他公司
信安金融集团的季度营收约是威富集团的1.6倍（$4.6B vs $2.9B），信安金融集团净利率更高（11.3% vs 10.5%，领先0.8%），威富集团同比增速更快（1.5% vs -3.7%），过去两年威富集团的营收复合增速更高（10.1% vs 6.3%）
信安金融集团（股票代码：PFG）是总部位于美国艾奥瓦州得梅因的全球性金融服务企业，核心业务涵盖投资管理、保险服务两大板块，在全球多个区域开展业务，为机构客户和个人用户提供专业定制化的金融解决方案，在行业内拥有较高知名度。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
PFG vs VFC — 直观对比
营收规模更大
PFG
是对方的1.6倍
$2.9B
营收增速更快
VFC
高出5.2%
-3.7%
净利率更高
PFG
高出0.8%
10.5%
两年增速更快
VFC
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.6B | $2.9B |
| 净利润 | $517.0M | $300.8M |
| 毛利率 | — | 56.6% |
| 营业利润率 | — | 10.1% |
| 净利率 | 11.3% | 10.5% |
| 营收同比 | -3.7% | 1.5% |
| 净利润同比 | -42.9% | 79.3% |
| 每股收益（稀释后） | $2.30 | $0.76 |
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PFGVFC
| Q4 25 | $4.6B | $2.9B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $4.8B | $2.8B | ||
| Q3 24 | $3.0B | $2.8B | ||
| Q2 24 | $4.3B | $1.9B | ||
| Q1 24 | $4.1B | $2.4B |
净利润PFGVFC
| Q4 25 | $517.0M | $300.8M | ||
| Q3 25 | $213.8M | $189.8M | ||
| Q2 25 | $406.2M | $-116.4M | ||
| Q1 25 | $48.1M | $-150.8M | ||
| Q4 24 | $905.4M | $167.8M | ||
| Q3 24 | $-220.0M | $52.2M | ||
| Q2 24 | $353.1M | $-258.9M | ||
| Q1 24 | $532.5M | $-418.3M |
毛利率PFGVFC
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% | ||
| Q1 24 | — | 48.4% |
营业利润率PFGVFC
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | -12.6% | ||
| Q1 24 | — | -15.0% |
净利率PFGVFC
| Q4 25 | 11.3% | 10.5% | ||
| Q3 25 | 5.8% | 6.8% | ||
| Q2 25 | 11.1% | -6.6% | ||
| Q1 25 | 1.3% | -7.5% | ||
| Q4 24 | 19.1% | 5.9% | ||
| Q3 24 | -7.3% | 1.9% | ||
| Q2 24 | 8.2% | -13.6% | ||
| Q1 24 | 13.1% | -17.6% |
每股收益（稀释后）PFGVFC
| Q4 25 | $2.30 | $0.76 | ||
| Q3 25 | $0.95 | $0.48 | ||
| Q2 25 | $1.79 | $-0.30 | ||
| Q1 25 | $0.21 | $-0.37 | ||
| Q4 24 | $3.92 | $0.43 | ||
| Q3 24 | $-0.95 | $0.13 | ||
| Q2 24 | $1.49 | $-0.67 | ||
| Q1 24 | $2.22 | $-1.07 |
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 | $4.4B | $1.5B |
| 总债务越低越好 | $3.9B | $3.6B |
| 股东权益账面价值 | $11.9B | $1.8B |
| 总资产 | $341.4B | $10.4B |
| 负债/权益比越低杠杆越低 | 0.33× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资PFGVFC
| Q4 25 | $4.4B | $1.5B | ||
| Q3 25 | $5.1B | $419.1M | ||
| Q2 25 | $3.7B | $642.4M | ||
| Q1 25 | $3.9B | $429.4M | ||
| Q4 24 | $4.2B | $1.4B | ||
| Q3 24 | $6.2B | $492.2M | ||
| Q2 24 | $4.8B | $637.4M | ||
| Q1 24 | $4.2B | $674.6M |
总债务PFGVFC
| Q4 25 | $3.9B | $3.6B | ||
| Q3 25 | $3.9B | $3.5B | ||
| Q2 25 | $3.9B | $3.6B | ||
| Q1 25 | $4.3B | $3.4B | ||
| Q4 24 | $4.0B | $3.9B | ||
| Q3 24 | $3.9B | $4.0B | ||
| Q2 24 | $3.9B | $3.9B | ||
| Q1 24 | $3.9B | $4.7B |
股东权益PFGVFC
| Q4 25 | $11.9B | $1.8B | ||
| Q3 25 | $11.7B | $1.5B | ||
| Q2 25 | $11.4B | $1.3B | ||
| Q1 25 | $11.2B | $1.5B | ||
| Q4 24 | $11.1B | $1.7B | ||
| Q3 24 | $11.2B | $1.4B | ||
| Q2 24 | $11.0B | $1.4B | ||
| Q1 24 | $11.2B | $1.7B |
总资产PFGVFC
| Q4 25 | $341.4B | $10.4B | ||
| Q3 25 | $334.5B | $10.6B | ||
| Q2 25 | $323.1B | $10.2B | ||
| Q1 25 | $313.0B | $9.4B | ||
| Q4 24 | $313.7B | $10.6B | ||
| Q3 24 | $322.9B | $12.2B | ||
| Q2 24 | $308.8B | $11.5B | ||
| Q1 24 | $308.7B | $11.6B |
负债/权益比PFGVFC
| Q4 25 | 0.33× | 1.99× | ||
| Q3 25 | 0.34× | 2.40× | ||
| Q2 25 | 0.34× | 2.76× | ||
| Q1 25 | 0.39× | 2.30× | ||
| Q4 24 | 0.36× | 2.31× | ||
| Q3 24 | 0.35× | 2.86× | ||
| Q2 24 | 0.36× | 2.84× | ||
| Q1 24 | 0.35× | 2.84× |
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 | $1.7B | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $977.9M |
| 自由现金流率自由现金流/营收 | — | 34.0% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 3.37× | 3.36× |
| 过去12个月自由现金流最近4个季度 | — | $357.6M |
8季度趋势，按日历期对齐
经营现金流PFGVFC
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.0B | $-227.0M | ||
| Q2 25 | $811.9M | $-145.5M | ||
| Q1 25 | $977.3M | $-171.1M | ||
| Q4 24 | $1.5B | $918.1M | ||
| Q3 24 | $1.1B | $-301.6M | ||
| Q2 24 | $1.4B | $19.8M | ||
| Q1 24 | $584.2M | — |
自由现金流PFGVFC
| Q4 25 | — | $977.9M | ||
| Q3 25 | — | $-253.5M | ||
| Q2 25 | — | $-173.7M | ||
| Q1 25 | — | $-193.0M | ||
| Q4 24 | — | $899.7M | ||
| Q3 24 | — | $-322.4M | ||
| Q2 24 | — | $-5.4M | ||
| Q1 24 | — | — |
自由现金流率PFGVFC
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -0.3% | ||
| Q1 24 | — | — |
资本支出强度PFGVFC
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | — |
现金转化率PFGVFC
| Q4 25 | 3.37× | 3.36× | ||
| Q3 25 | 4.70× | -1.20× | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 20.32× | — | ||
| Q4 24 | 1.61× | 5.47× | ||
| Q3 24 | — | -5.78× | ||
| Q2 24 | 4.05× | — | ||
| Q1 24 | 1.10× | — |
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
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
