vs
信安金融集团（PFG）与Wayfair Inc.（W）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Wayfair Inc.的1.4倍（$4.6B vs $3.3B），信安金融集团净利率更高（11.3% vs -3.5%，领先14.8%），Wayfair Inc.同比增速更快（6.9% vs -3.7%），过去两年Wayfair Inc.的营收复合增速更高（10.6% 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。
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
PFG vs W — 直观对比
营收规模更大
PFG
是对方的1.4倍
$3.3B
营收增速更快
W
高出10.6%
-3.7%
净利率更高
PFG
高出14.8%
-3.5%
两年增速更快
W
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.6B | $3.3B |
| 净利润 | $517.0M | $-116.0M |
| 毛利率 | — | 30.3% |
| 营业利润率 | — | 2.5% |
| 净利率 | 11.3% | -3.5% |
| 营收同比 | -3.7% | 6.9% |
| 净利润同比 | -42.9% | 9.4% |
| 每股收益（稀释后） | $2.30 | $-0.90 |
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PFGW
| Q4 25 | $4.6B | $3.3B | ||
| Q3 25 | $3.7B | $3.1B | ||
| Q2 25 | $3.7B | $3.3B | ||
| Q1 25 | $3.7B | $2.7B | ||
| Q4 24 | $4.8B | $3.1B | ||
| Q3 24 | $3.0B | $2.9B | ||
| Q2 24 | $4.3B | $3.1B | ||
| Q1 24 | $4.1B | $2.7B |
净利润PFGW
| Q4 25 | $517.0M | $-116.0M | ||
| Q3 25 | $213.8M | $-99.0M | ||
| Q2 25 | $406.2M | $15.0M | ||
| Q1 25 | $48.1M | $-113.0M | ||
| Q4 24 | $905.4M | $-128.0M | ||
| Q3 24 | $-220.0M | $-74.0M | ||
| Q2 24 | $353.1M | $-42.0M | ||
| Q1 24 | $532.5M | $-248.0M |
毛利率PFGW
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 30.0% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 30.0% |
营业利润率PFGW
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | -4.5% | ||
| Q4 24 | — | -3.7% | ||
| Q3 24 | — | -2.6% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | -8.6% |
净利率PFGW
| Q4 25 | 11.3% | -3.5% | ||
| Q3 25 | 5.8% | -3.2% | ||
| Q2 25 | 11.1% | 0.5% | ||
| Q1 25 | 1.3% | -4.1% | ||
| Q4 24 | 19.1% | -4.1% | ||
| Q3 24 | -7.3% | -2.6% | ||
| Q2 24 | 8.2% | -1.3% | ||
| Q1 24 | 13.1% | -9.1% |
每股收益（稀释后）PFGW
| Q4 25 | $2.30 | $-0.90 | ||
| Q3 25 | $0.95 | $-0.76 | ||
| Q2 25 | $1.79 | $0.11 | ||
| Q1 25 | $0.21 | $-0.89 | ||
| Q4 24 | $3.92 | $-1.01 | ||
| Q3 24 | $-0.95 | $-0.60 | ||
| Q2 24 | $1.49 | $-0.34 | ||
| Q1 24 | $2.22 | $-2.06 |
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 | $3.3B |
| 股东权益账面价值 | $11.9B | $-2.8B |
| 总资产 | $341.4B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资PFGW
| Q4 25 | $4.4B | $1.5B | ||
| Q3 25 | $5.1B | $1.2B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $3.9B | $1.4B | ||
| Q4 24 | $4.2B | $1.4B | ||
| Q3 24 | $6.2B | $1.3B | ||
| Q2 24 | $4.8B | $1.3B | ||
| Q1 24 | $4.2B | $1.2B |
总债务PFGW
| Q4 25 | $3.9B | $3.3B | ||
| Q3 25 | $3.9B | $2.9B | ||
| Q2 25 | $3.9B | $3.0B | ||
| Q1 25 | $4.3B | $3.2B | ||
| Q4 24 | $4.0B | $3.1B | ||
| Q3 24 | $3.9B | $3.2B | ||
| Q2 24 | $3.9B | $3.2B | ||
| Q1 24 | $3.9B | $3.2B |
股东权益PFGW
| Q4 25 | $11.9B | $-2.8B | ||
| Q3 25 | $11.7B | $-2.8B | ||
| Q2 25 | $11.4B | $-2.7B | ||
| Q1 25 | $11.2B | $-2.8B | ||
| Q4 24 | $11.1B | $-2.8B | ||
| Q3 24 | $11.2B | $-2.7B | ||
| Q2 24 | $11.0B | $-2.8B | ||
| Q1 24 | $11.2B | $-2.8B |
总资产PFGW
| Q4 25 | $341.4B | $3.4B | ||
| Q3 25 | $334.5B | $3.1B | ||
| Q2 25 | $323.1B | $3.3B | ||
| Q1 25 | $313.0B | $3.4B | ||
| Q4 24 | $313.7B | $3.5B | ||
| Q3 24 | $322.9B | $3.4B | ||
| Q2 24 | $308.8B | $3.4B | ||
| Q1 24 | $308.7B | $3.2B |
负债/权益比PFGW
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.35× | — |
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 | $202.0M |
| 自由现金流经营现金流 - 资本支出 | — | $177.0M |
| 自由现金流率自由现金流/营收 | — | 5.3% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | 3.37× | — |
| 过去12个月自由现金流最近4个季度 | — | $464.0M |
8季度趋势，按日历期对齐
经营现金流PFGW
| Q4 25 | $1.7B | $202.0M | ||
| Q3 25 | $1.0B | $155.0M | ||
| Q2 25 | $811.9M | $273.0M | ||
| Q1 25 | $977.3M | $-96.0M | ||
| Q4 24 | $1.5B | $162.0M | ||
| Q3 24 | $1.1B | $49.0M | ||
| Q2 24 | $1.4B | $245.0M | ||
| Q1 24 | $584.2M | $-139.0M |
自由现金流PFGW
| Q4 25 | — | $177.0M | ||
| Q3 25 | — | $128.0M | ||
| Q2 25 | — | $260.0M | ||
| Q1 25 | — | $-101.0M | ||
| Q4 24 | — | $142.0M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | — | $222.0M | ||
| Q1 24 | — | $-152.0M |
自由现金流率PFGW
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | -3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | -5.6% |
资本支出强度PFGW
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.5% |
现金转化率PFGW
| Q4 25 | 3.37× | — | ||
| Q3 25 | 4.70× | — | ||
| Q2 25 | 2.00× | 18.20× | ||
| Q1 25 | 20.32× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| 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% |
W
| US Segment | $2.9B | 88% |
| International Segment | $395.0M | 12% |
