vs
null（SDHC）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是VIRTUS INVESTMENT PARTNERS, INC.的1.3倍（$260.4M vs $199.5M），VIRTUS INVESTMENT PARTNERS, INC.净利率更高（3.6% vs 1.4%，领先2.2%），VIRTUS INVESTMENT PARTNERS, INC.同比增速更快（-4.1% vs -9.4%），过去两年null的营收复合增速更高（17.3% vs -5.7%）
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
SDHC vs VRTS — 直观对比
营收规模更大
SDHC
是对方的1.3倍
$199.5M
营收增速更快
VRTS
高出5.3%
-9.4%
净利率更高
VRTS
高出2.2%
1.4%
两年增速更快
SDHC
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $260.4M | $199.5M |
| 净利润 | $3.5M | $7.1M |
| 毛利率 | 19.9% | — |
| 营业利润率 | 6.5% | 7.7% |
| 净利率 | 1.4% | 3.6% |
| 营收同比 | -9.4% | -4.1% |
| 净利润同比 | -14.3% | -78.1% |
| 每股收益（稀释后） | $0.39 | $1.05 |
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SDHCVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $260.4M | $208.0M | ||
| Q3 25 | $262.0M | $216.4M | ||
| Q2 25 | $223.9M | $210.5M | ||
| Q1 25 | $224.7M | $217.9M | ||
| Q4 24 | $287.5M | $233.5M | ||
| Q3 24 | $277.8M | $227.0M | ||
| Q2 24 | $220.9M | $224.4M |
净利润SDHCVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $3.5M | $33.9M | ||
| Q3 25 | $2.1M | $31.3M | ||
| Q2 25 | $2.4M | $42.7M | ||
| Q1 25 | $2.7M | $28.1M | ||
| Q4 24 | $4.1M | $39.5M | ||
| Q3 24 | $5.3M | $49.1M | ||
| Q2 24 | $3.6M | $26.0M |
毛利率SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 25.5% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 26.7% | — |
营业利润率SDHCVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | 6.5% | 19.1% | ||
| Q3 25 | 6.6% | 21.7% | ||
| Q2 25 | 7.7% | 21.5% | ||
| Q1 25 | 8.7% | 16.8% | ||
| Q4 24 | 10.4% | 21.7% | ||
| Q3 24 | 14.2% | 24.3% | ||
| Q2 24 | 11.7% | 19.7% |
净利率SDHCVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | 1.4% | 16.3% | ||
| Q3 25 | 0.8% | 14.5% | ||
| Q2 25 | 1.1% | 20.3% | ||
| Q1 25 | 1.2% | 12.9% | ||
| Q4 24 | 1.4% | 16.9% | ||
| Q3 24 | 1.9% | 21.6% | ||
| Q2 24 | 1.7% | 11.6% |
每股收益（稀释后）SDHCVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.39 | $5.15 | ||
| Q3 25 | $0.24 | $4.65 | ||
| Q2 25 | $0.26 | $6.12 | ||
| Q1 25 | $0.30 | $4.05 | ||
| Q4 24 | $0.50 | $4.65 | ||
| Q3 24 | $0.58 | $5.71 | ||
| Q2 24 | $0.40 | $2.43 |
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 | $12.7M | $136.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $86.7M | $93.6B |
| 总资产 | $557.6M | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资SDHCVRTS
| Q1 26 | — | $136.6M | ||
| Q4 25 | $12.7M | — | ||
| Q3 25 | $14.8M | — | ||
| Q2 25 | $16.8M | — | ||
| Q1 25 | $12.7M | — | ||
| Q4 24 | $22.4M | — | ||
| Q3 24 | $23.7M | — | ||
| Q2 24 | $17.3M | — |
总债务SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
股东权益SDHCVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $86.7M | $934.0M | ||
| Q3 25 | $82.2M | $918.7M | ||
| Q2 25 | $80.0M | $896.4M | ||
| Q1 25 | $76.9M | $893.7M | ||
| Q4 24 | $73.6M | $897.5M | ||
| Q3 24 | $68.4M | $889.0M | ||
| Q2 24 | $62.1M | $868.7M |
总资产SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | $557.6M | $4.3B | ||
| Q3 25 | $571.6M | $3.9B | ||
| Q2 25 | $570.2M | $3.7B | ||
| Q1 25 | $513.9M | $3.7B | ||
| Q4 24 | $475.9M | $4.0B | ||
| Q3 24 | $460.1M | $3.6B | ||
| Q2 24 | $429.3M | $3.6B |
负债/权益比SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | $9.8M | — |
| 自由现金流经营现金流 - 资本支出 | $8.7M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 2.77× | — |
| 过去12个月自由现金流最近4个季度 | $-36.9M | — |
8季度趋势，按日历期对齐
经营现金流SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | $9.8M | $-67.2M | ||
| Q3 25 | $22.8M | $108.3M | ||
| Q2 25 | $-28.9M | $75.8M | ||
| Q1 25 | $-34.9M | $-3.8M | ||
| Q4 24 | $5.5M | $1.8M | ||
| Q3 24 | $22.9M | $69.1M | ||
| Q2 24 | $39.0K | $70.0M |
自由现金流SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | $8.7M | $-74.1M | ||
| Q3 25 | $21.4M | $106.9M | ||
| Q2 25 | $-31.1M | $74.2M | ||
| Q1 25 | $-35.9M | $-6.8M | ||
| Q4 24 | $4.8M | $-3.8M | ||
| Q3 24 | $22.3M | $68.7M | ||
| Q2 24 | $-2.1M | $68.6M |
自由现金流率SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | -35.6% | ||
| Q3 25 | 8.2% | 49.4% | ||
| Q2 25 | -13.9% | 35.2% | ||
| Q1 25 | -16.0% | -3.1% | ||
| Q4 24 | 1.7% | -1.6% | ||
| Q3 24 | 8.0% | 30.3% | ||
| Q2 24 | -1.0% | 30.6% |
资本支出强度SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 3.3% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 0.2% | 2.4% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 1.0% | 0.6% |
现金转化率SDHCVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2.77× | -1.99× | ||
| Q3 25 | 10.70× | 3.45× | ||
| Q2 25 | -12.24× | 1.77× | ||
| Q1 25 | -13.01× | -0.13× | ||
| Q4 24 | 1.33× | 0.04× | ||
| Q3 24 | 4.28× | 1.41× | ||
| Q2 24 | 0.01× | 2.69× |
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
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
