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嘉信理财（SCHW）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
嘉信理财的季度营收约是Williams Companies的1.6倍（$6.3B vs $3.8B），嘉信理财净利率更高（38.8% vs 19.1%，领先19.7%），嘉信理财同比增速更快（18.9% vs 12.7%），Williams Companies自由现金流更多（$-379.0M vs $-921.0M），过去两年嘉信理财的营收复合增速更高（15.6% vs 7.3%）
嘉信理财是美国领先的金融服务企业，面向个人投资者、独立财务顾问及企业客户，提供零售与机构经纪、财富管理、银行服务、退休规划、投资咨询等解决方案，主打低成本高可及性的金融产品与数字化理财工具。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
SCHW vs WMB — 直观对比
营收规模更大
SCHW
是对方的1.6倍
$3.8B
营收增速更快
SCHW
高出6.2%
12.7%
净利率更高
SCHW
高出19.7%
19.1%
自由现金流更多
WMB
多$542.0M
$-921.0M
两年增速更快
SCHW
近两年复合增速
7.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $3.8B |
| 净利润 | $2.5B | $734.0M |
| 毛利率 | — | — |
| 营业利润率 | 50.2% | 27.3% |
| 净利率 | 38.8% | 19.1% |
| 营收同比 | 18.9% | 12.7% |
| 净利润同比 | 33.6% | 51.0% |
| 每股收益（稀释后） | $1.32 | $0.60 |
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SCHWWMB
| Q4 25 | $6.3B | $3.8B | ||
| Q3 25 | $6.1B | $3.5B | ||
| Q2 25 | $5.9B | $3.4B | ||
| Q1 25 | $5.6B | $4.2B | ||
| Q4 24 | $5.3B | $3.4B | ||
| Q3 24 | $4.8B | $3.0B | ||
| Q2 24 | $4.7B | $2.8B | ||
| Q1 24 | $4.7B | $3.3B |
净利润SCHWWMB
| Q4 25 | $2.5B | $734.0M | ||
| Q3 25 | $2.4B | $647.0M | ||
| Q2 25 | $2.1B | $546.0M | ||
| Q1 25 | $1.9B | $691.0M | ||
| Q4 24 | $1.8B | $486.0M | ||
| Q3 24 | $1.4B | $706.0M | ||
| Q2 24 | $1.3B | $401.0M | ||
| Q1 24 | $1.4B | $632.0M |
营业利润率SCHWWMB
| Q4 25 | 50.2% | 27.3% | ||
| Q3 25 | 49.2% | 31.8% | ||
| Q2 25 | 47.9% | 28.0% | ||
| Q1 25 | 43.8% | 26.1% | ||
| Q4 24 | 43.3% | 23.2% | ||
| Q3 24 | 38.0% | 27.6% | ||
| Q2 24 | 37.2% | 24.4% | ||
| Q1 24 | 37.9% | 30.3% |
净利率SCHWWMB
| Q4 25 | 38.8% | 19.1% | ||
| Q3 25 | 38.4% | 18.5% | ||
| Q2 25 | 36.3% | 16.2% | ||
| Q1 25 | 34.1% | 16.5% | ||
| Q4 24 | 34.5% | 14.2% | ||
| Q3 24 | 29.0% | 23.3% | ||
| Q2 24 | 28.4% | 14.1% | ||
| Q1 24 | 28.7% | 18.9% |
每股收益（稀释后）SCHWWMB
| Q4 25 | $1.32 | $0.60 | ||
| Q3 25 | $1.26 | $0.53 | ||
| Q2 25 | $1.08 | $0.45 | ||
| Q1 25 | $0.99 | $0.56 | ||
| Q4 24 | $0.94 | $0.39 | ||
| Q3 24 | $0.71 | $0.58 | ||
| Q2 24 | $0.66 | $0.33 | ||
| Q1 24 | $0.68 | $0.52 |
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 | $46.0B | — |
| 总债务越低越好 | $22.2B | $27.3B |
| 股东权益账面价值 | $49.4B | $12.8B |
| 总资产 | $491.0B | $58.6B |
| 负债/权益比越低杠杆越低 | 0.45× | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资SCHWWMB
| Q4 25 | $46.0B | — | ||
| Q3 25 | $30.6B | — | ||
| Q2 25 | $32.2B | — | ||
| Q1 25 | $35.0B | — | ||
| Q4 24 | $42.1B | — | ||
| Q3 24 | $34.9B | — | ||
| Q2 24 | $25.4B | — | ||
| Q1 24 | $31.8B | — |
总债务SCHWWMB
| Q4 25 | $22.2B | $27.3B | ||
| Q3 25 | $20.2B | $25.6B | ||
| Q2 25 | $20.2B | $25.6B | ||
| Q1 25 | $21.5B | $24.1B | ||
| Q4 24 | $22.4B | $24.7B | ||
| Q3 24 | $22.4B | $24.8B | ||
| Q2 24 | $22.4B | $24.1B | ||
| Q1 24 | $22.9B | $24.1B |
股东权益SCHWWMB
| Q4 25 | $49.4B | $12.8B | ||
| Q3 25 | $49.4B | $12.5B | ||
| Q2 25 | $49.5B | $12.4B | ||
| Q1 25 | $49.5B | $12.5B | ||
| Q4 24 | $48.4B | $12.4B | ||
| Q3 24 | $47.2B | $12.4B | ||
| Q2 24 | $44.0B | $12.3B | ||
| Q1 24 | $42.4B | $12.4B |
总资产SCHWWMB
| Q4 25 | $491.0B | $58.6B | ||
| Q3 25 | $465.3B | $55.7B | ||
| Q2 25 | $458.9B | $56.1B | ||
| Q1 25 | $462.9B | $54.9B | ||
| Q4 24 | $479.8B | $54.5B | ||
| Q3 24 | $466.1B | $53.8B | ||
| Q2 24 | $449.7B | $52.4B | ||
| Q1 24 | $468.8B | $52.7B |
负债/权益比SCHWWMB
| Q4 25 | 0.45× | 2.13× | ||
| Q3 25 | 0.41× | 2.04× | ||
| Q2 25 | 0.41× | 2.06× | ||
| Q1 25 | 0.43× | 1.93× | ||
| Q4 24 | 0.46× | 1.99× | ||
| Q3 24 | 0.48× | 2.00× | ||
| Q2 24 | 0.51× | 1.96× | ||
| Q1 24 | 0.54× | 1.94× |
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 | $-763.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-921.0M | $-379.0M |
| 自由现金流率自由现金流/营收 | -14.5% | -9.9% |
| 资本支出强度资本支出/营收 | 2.5% | 50.9% |
| 现金转化率经营现金流/净利润 | -0.31× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $8.8B | $1.0B |
8季度趋势，按日历期对齐
经营现金流SCHWWMB
| Q4 25 | $-763.0M | $1.6B | ||
| Q3 25 | $538.0M | $1.4B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $6.4B | $1.4B | ||
| Q4 24 | $-10.8B | $1.2B | ||
| Q3 24 | $19.1B | $1.2B | ||
| Q2 24 | $-4.3B | $1.3B | ||
| Q1 24 | $-1.3B | $1.2B |
自由现金流SCHWWMB
| Q4 25 | $-921.0M | $-379.0M | ||
| Q3 25 | $393.0M | $485.0M | ||
| Q2 25 | $3.0B | $478.0M | ||
| Q1 25 | $6.2B | $421.0M | ||
| Q4 24 | $-11.1B | $450.0M | ||
| Q3 24 | $19.0B | $561.0M | ||
| Q2 24 | $-4.3B | $700.0M | ||
| Q1 24 | $-1.5B | $690.0M |
自由现金流率SCHWWMB
| Q4 25 | -14.5% | -9.9% | ||
| Q3 25 | 6.4% | 13.9% | ||
| Q2 25 | 52.1% | 14.2% | ||
| Q1 25 | 111.5% | 10.1% | ||
| Q4 24 | -207.9% | 13.2% | ||
| Q3 24 | 391.4% | 18.5% | ||
| Q2 24 | -92.6% | 24.6% | ||
| Q1 24 | -31.6% | 20.7% |
资本支出强度SCHWWMB
| Q4 25 | 2.5% | 50.9% | ||
| Q3 25 | 2.4% | 27.3% | ||
| Q2 25 | 2.2% | 28.8% | ||
| Q1 25 | 2.1% | 24.2% | ||
| Q4 24 | 4.8% | 22.5% | ||
| Q3 24 | 2.6% | 22.5% | ||
| Q2 24 | 1.9% | 20.3% | ||
| Q1 24 | 3.1% | 16.3% |
现金转化率SCHWWMB
| Q4 25 | -0.31× | 2.15× | ||
| Q3 25 | 0.23× | 2.22× | ||
| Q2 25 | 1.49× | 2.66× | ||
| Q1 25 | 3.33× | 2.07× | ||
| Q4 24 | -5.88× | 2.51× | ||
| Q3 24 | 13.56× | 1.76× | ||
| Q2 24 | -3.19× | 3.19× | ||
| Q1 24 | -0.99× | 1.95× |
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
SCHW
| Investor Services | $5.0B | 79% |
| Order Flow Revenue | $531.0M | 8% |
| Commissions | $482.0M | 8% |
| Other | $127.0M | 2% |
| Financial Service Other | $100.0M | 2% |
| Principal Transactions | $53.0M | 1% |
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
