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道富集团（STT）与W. R. Berkley Corporation（WRB）财务数据对比。点击上方公司名可切换其他公司
W. R. Berkley Corporation的季度营收约是道富集团的1.0倍（$3.7B vs $3.7B），道富集团净利率更高（20.4% vs 14.0%，领先6.4%），道富集团同比增速更快（7.5% vs 4.0%），过去两年道富集团的营收复合增速更高（8.1% vs 5.5%）
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
W. R. Berkley Corporation由威廉·罗伯特·伯克利创立，他目前担任该公司董事长，同时兼任纽约大学校董会主席，在企业经营管理及高等教育治理领域均具备深厚的经验积累。
STT vs WRB — 直观对比
营收规模更大
WRB
是对方的1.0倍
$3.7B
营收增速更快
STT
高出3.4%
4.0%
净利率更高
STT
高出6.4%
14.0%
两年增速更快
STT
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $3.7B |
| 净利润 | $747.0M | $515.2M |
| 毛利率 | — | — |
| 营业利润率 | 25.0% | — |
| 净利率 | 20.4% | 14.0% |
| 营收同比 | 7.5% | 4.0% |
| 净利润同比 | -4.6% | 23.4% |
| 每股收益（稀释后） | $2.41 | $1.31 |
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STTWRB
| Q1 26 | — | $3.7B | ||
| Q4 25 | $3.7B | $3.7B | ||
| Q3 25 | $3.5B | $3.8B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.3B | $3.5B | ||
| Q4 24 | $3.4B | $3.7B | ||
| Q3 24 | $3.3B | $3.4B | ||
| Q2 24 | $3.2B | $3.3B |
净利润STTWRB
| Q1 26 | — | $515.2M | ||
| Q4 25 | $747.0M | $449.5M | ||
| Q3 25 | $861.0M | $511.0M | ||
| Q2 25 | $693.0M | $401.3M | ||
| Q1 25 | $644.0M | $417.6M | ||
| Q4 24 | $783.0M | $576.1M | ||
| Q3 24 | $730.0M | $365.6M | ||
| Q2 24 | $711.0M | $371.9M |
营业利润率STTWRB
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 15.4% | ||
| Q3 25 | 31.1% | 17.2% | ||
| Q2 25 | 25.8% | 14.2% | ||
| Q1 25 | 25.0% | 15.2% | ||
| Q4 24 | 28.1% | 19.9% | ||
| Q3 24 | 28.4% | 14.0% | ||
| Q2 24 | 28.6% | 14.7% |
净利率STTWRB
| Q1 26 | — | 14.0% | ||
| Q4 25 | 20.4% | 12.1% | ||
| Q3 25 | 24.3% | 13.6% | ||
| Q2 25 | 20.1% | 10.9% | ||
| Q1 25 | 19.6% | 11.8% | ||
| Q4 24 | 22.9% | 15.7% | ||
| Q3 24 | 22.4% | 10.8% | ||
| Q2 24 | 22.3% | 11.2% |
每股收益（稀释后）STTWRB
| Q1 26 | — | $1.31 | ||
| Q4 25 | $2.41 | $1.13 | ||
| Q3 25 | $2.78 | $1.28 | ||
| Q2 25 | $2.17 | $1.00 | ||
| Q1 25 | $2.04 | $1.04 | ||
| Q4 24 | $2.43 | $0.89 | ||
| Q3 24 | $2.26 | $0.91 | ||
| Q2 24 | $2.15 | $0.92 |
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 | — | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $27.8B | — |
| 总资产 | $366.0B | $44.3B |
| 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STTWRB
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
股东权益STTWRB
| Q1 26 | — | — | ||
| Q4 25 | $27.8B | $9.7B | ||
| Q3 25 | $27.6B | $9.8B | ||
| Q2 25 | $27.3B | $9.3B | ||
| Q1 25 | $26.7B | $8.9B | ||
| Q4 24 | $25.3B | $8.4B | ||
| Q3 24 | $25.8B | $8.4B | ||
| Q2 24 | $24.8B | $7.8B |
总资产STTWRB
| Q1 26 | — | $44.3B | ||
| Q4 25 | $366.0B | $44.1B | ||
| Q3 25 | $371.1B | $43.7B | ||
| Q2 25 | $376.7B | $42.7B | ||
| Q1 25 | $372.7B | $41.3B | ||
| Q4 24 | $353.2B | $40.6B | ||
| Q3 24 | $338.5B | $40.4B | ||
| Q2 24 | $325.6B | $38.9B |
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 | $10.0B | — |
| 自由现金流经营现金流 - 资本支出 | $9.8B | — |
| 自由现金流率自由现金流/营收 | 266.6% | — |
| 资本支出强度资本支出/营收 | 7.3% | — |
| 现金转化率经营现金流/净利润 | 13.44× | — |
| 过去12个月自由现金流最近4个季度 | $10.8B | — |
8季度趋势，按日历期对齐
经营现金流STTWRB
| Q1 26 | — | — | ||
| Q4 25 | $10.0B | $995.1M | ||
| Q3 25 | $7.9B | $1.1B | ||
| Q2 25 | $-8.4B | $703.8M | ||
| Q1 25 | $2.4B | $743.8M | ||
| Q4 24 | $-7.4B | $810.0M | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $-7.6B | $881.3M |
自由现金流STTWRB
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | — | ||
| Q3 25 | $7.7B | — | ||
| Q2 25 | $-8.8B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $-7.7B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $-7.9B | — |
自由现金流率STTWRB
| Q1 26 | — | — | ||
| Q4 25 | 266.6% | — | ||
| Q3 25 | 216.0% | — | ||
| Q2 25 | -254.1% | — | ||
| Q1 25 | 66.1% | — | ||
| Q4 24 | -225.1% | — | ||
| Q3 24 | 75.9% | — | ||
| Q2 24 | -246.2% | — |
资本支出强度STTWRB
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 6.9% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 6.7% | — |
现金转化率STTWRB
| Q1 26 | — | — | ||
| Q4 25 | 13.44× | 2.21× | ||
| Q3 25 | 9.18× | 2.23× | ||
| Q2 25 | -12.18× | 1.75× | ||
| Q1 25 | 3.72× | 1.78× | ||
| Q4 24 | -9.49× | 1.41× | ||
| Q3 24 | 3.71× | 3.39× | ||
| Q2 24 | -10.75× | 2.37× |
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
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
WRB
暂无分部数据
