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P10, Inc.（PX）与Silvercrest Asset Management Group Inc.（SAMG）财务数据对比。点击上方公司名可切换其他公司
P10, Inc.的季度营收约是Silvercrest Asset Management Group Inc.的2.5倍（$81.0M vs $32.0M），P10, Inc.净利率更高（11.7% vs -0.4%，领先12.0%），Silvercrest Asset Management Group Inc.同比增速更快（-0.0% vs -4.7%），P10, Inc.自由现金流更多（$18.1M vs $15.0M），过去两年P10, Inc.的营收复合增速更高（10.7% vs 2.7%）
P10, Inc.是一家全球另类资产管理公司，提供涵盖私募股权、私募信贷、实物资产、风险投资的多元化投资解决方案，主要服务北美、欧洲、亚太市场的养老基金、捐赠基金、基金会及高净值个人等客户群体。
PX vs SAMG — 直观对比
营收规模更大
PX
是对方的2.5倍
$32.0M
营收增速更快
SAMG
高出4.7%
-4.7%
净利率更高
PX
高出12.0%
-0.4%
自由现金流更多
PX
多$3.1M
$15.0M
两年增速更快
PX
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.0M | $32.0M |
| 净利润 | $9.5M | $-120.0K |
| 毛利率 | — | — |
| 营业利润率 | 31.9% | -2.8% |
| 净利率 | 11.7% | -0.4% |
| 营收同比 | -4.7% | -0.0% |
| 净利润同比 | 79.0% | -107.4% |
| 每股收益（稀释后） | $0.08 | $0.02 |
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PXSAMG
| Q4 25 | $81.0M | $32.0M | ||
| Q3 25 | $75.9M | $31.3M | ||
| Q2 25 | $72.7M | $30.7M | ||
| Q1 25 | $67.7M | $31.4M | ||
| Q4 24 | $85.0M | $32.0M | ||
| Q3 24 | $74.2M | $30.4M | ||
| Q2 24 | $71.1M | $31.0M | ||
| Q1 24 | $66.1M | $30.3M |
净利润PXSAMG
| Q4 25 | $9.5M | $-120.0K | ||
| Q3 25 | $2.1M | $618.0K | ||
| Q2 25 | $3.4M | $1.9M | ||
| Q1 25 | $4.5M | $2.5M | ||
| Q4 24 | $5.3M | $1.6M | ||
| Q3 24 | $1.4M | $2.3M | ||
| Q2 24 | $7.0M | $2.7M | ||
| Q1 24 | $5.0M | $3.0M |
营业利润率PXSAMG
| Q4 25 | 31.9% | -2.8% | ||
| Q3 25 | 14.1% | 4.3% | ||
| Q2 25 | 24.4% | 13.2% | ||
| Q1 25 | 16.6% | 15.4% | ||
| Q4 24 | 26.9% | 6.1% | ||
| Q3 24 | 11.9% | 14.6% | ||
| Q2 24 | 23.7% | 17.1% | ||
| Q1 24 | 18.3% | 19.5% |
净利率PXSAMG
| Q4 25 | 11.7% | -0.4% | ||
| Q3 25 | 2.8% | 2.0% | ||
| Q2 25 | 4.7% | 6.3% | ||
| Q1 25 | 6.7% | 7.9% | ||
| Q4 24 | 6.2% | 5.1% | ||
| Q3 24 | 1.9% | 7.4% | ||
| Q2 24 | 9.8% | 8.6% | ||
| Q1 24 | 7.6% | 9.9% |
每股收益（稀释后）PXSAMG
| Q4 25 | $0.08 | $0.02 | ||
| Q3 25 | $0.02 | $0.07 | ||
| Q2 25 | $0.03 | $0.21 | ||
| Q1 25 | $0.04 | $0.26 | ||
| Q4 24 | $0.05 | $0.16 | ||
| Q3 24 | $0.01 | $0.24 | ||
| Q2 24 | $0.06 | $0.28 | ||
| Q1 24 | $0.04 | $0.32 |
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 | $28.2M | $44.1M |
| 总债务越低越好 | $373.2M | — |
| 股东权益账面价值 | $403.5M | $50.3M |
| 总资产 | $928.3M | $166.6M |
| 负债/权益比越低杠杆越低 | 0.93× | — |
8季度趋势，按日历期对齐
现金及短期投资PXSAMG
| Q4 25 | $28.2M | $44.1M | ||
| Q3 25 | $40.0M | $36.1M | ||
| Q2 25 | $33.4M | $30.0M | ||
| Q1 25 | $74.4M | $36.3M | ||
| Q4 24 | $67.5M | $68.6M | ||
| Q3 24 | $61.5M | $58.1M | ||
| Q2 24 | $31.2M | $49.9M | ||
| Q1 24 | $29.0M | $39.7M |
总债务PXSAMG
| Q4 25 | $373.2M | — | ||
| Q3 25 | $393.4M | — | ||
| Q2 25 | $373.0M | — | ||
| Q1 25 | $357.2M | — | ||
| Q4 24 | $319.8M | — | ||
| Q3 24 | $319.4M | — | ||
| Q2 24 | $300.6M | — | ||
| Q1 24 | $314.0M | — |
股东权益PXSAMG
| Q4 25 | $403.5M | $50.3M | ||
| Q3 25 | $396.8M | $58.9M | ||
| Q2 25 | $388.9M | $64.6M | ||
| Q1 25 | $374.3M | $80.0M | ||
| Q4 24 | $386.9M | $80.7M | ||
| Q3 24 | $394.1M | $84.6M | ||
| Q2 24 | $396.9M | $85.3M | ||
| Q1 24 | $400.1M | $83.9M |
总资产PXSAMG
| Q4 25 | $928.3M | $166.6M | ||
| Q3 25 | $936.0M | $157.6M | ||
| Q2 25 | $932.2M | $152.7M | ||
| Q1 25 | $877.4M | $159.9M | ||
| Q4 24 | $869.3M | $194.4M | ||
| Q3 24 | $857.0M | $184.2M | ||
| Q2 24 | $823.2M | $177.6M | ||
| Q1 24 | $832.8M | $170.2M |
负债/权益比PXSAMG
| Q4 25 | 0.93× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.78× | — |
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 | $23.0M | $18.6M |
| 自由现金流经营现金流 - 资本支出 | $18.1M | $15.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 46.9% |
| 资本支出强度资本支出/营收 | 6.0% | 11.4% |
| 现金转化率经营现金流/净利润 | 2.43× | — |
| 过去12个月自由现金流最近4个季度 | $14.1M | $17.0M |
8季度趋势，按日历期对齐
经营现金流PXSAMG
| Q4 25 | $23.0M | $18.6M | ||
| Q3 25 | $-8.6M | $14.6M | ||
| Q2 25 | $13.4M | $13.8M | ||
| Q1 25 | $-4.7M | $-24.7M | ||
| Q4 24 | $101.0M | $21.6M | ||
| Q3 24 | $27.5M | $13.3M | ||
| Q2 24 | $34.8M | $16.0M | ||
| Q1 24 | $11.0M | $-24.1M |
自由现金流PXSAMG
| Q4 25 | $18.1M | $15.0M | ||
| Q3 25 | $-9.5M | $13.8M | ||
| Q2 25 | $11.6M | $13.4M | ||
| Q1 25 | $-6.0M | $-25.1M | ||
| Q4 24 | $96.6M | $19.9M | ||
| Q3 24 | $25.2M | $12.9M | ||
| Q2 24 | $33.9M | $15.6M | ||
| Q1 24 | $10.7M | $-24.7M |
自由现金流率PXSAMG
| Q4 25 | 22.3% | 46.9% | ||
| Q3 25 | -12.6% | 44.1% | ||
| Q2 25 | 15.9% | 43.6% | ||
| Q1 25 | -8.9% | -80.0% | ||
| Q4 24 | 113.6% | 62.2% | ||
| Q3 24 | 34.0% | 42.4% | ||
| Q2 24 | 47.7% | 50.4% | ||
| Q1 24 | 16.2% | -81.6% |
资本支出强度PXSAMG
| Q4 25 | 6.0% | 11.4% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 2.5% | 1.5% | ||
| Q1 25 | 1.9% | 1.3% | ||
| Q4 24 | 5.2% | 5.3% | ||
| Q3 24 | 3.0% | 1.2% | ||
| Q2 24 | 1.3% | 1.1% | ||
| Q1 24 | 0.4% | 2.0% |
现金转化率PXSAMG
| Q4 25 | 2.43× | — | ||
| Q3 25 | -4.01× | 23.62× | ||
| Q2 25 | 3.96× | 7.22× | ||
| Q1 25 | -1.05× | -10.01× | ||
| Q4 24 | 19.12× | 13.34× | ||
| Q3 24 | 19.54× | 5.90× | ||
| Q2 24 | 4.98× | 6.00× | ||
| Q1 24 | 2.18× | -8.03× |
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
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
SAMG
| Investment Advisory Management And Administrative Service | $30.7M | 96% |
| Tax And Family Office Services | $1.2M | 4% |
