Image Source: Pexels

图片来源：Pexels

There are still undervalued stocks with attractive dividend yields to choose from, despite the market’s strong performance in 2025.

尽管市场在 2025 年表现强劲，但仍有一些被低估的股票具有吸引人的股息收益率可供选择。

For example, blue chip stocks that have increased their dividends for at least 10 consecutive years.

例如，蓝筹股在至少连续 10 年内增加了股息。

You can download our free blue chip stocks list with important financial metrics such as dividend yields and price-to-earnings ratios, by clicking on the link below:

您可以通过点击下面的链接下载我们的免费蓝筹股名单，其中包含重要的财务指标，如股息收益率和市盈率。

There are currently more than 500 securities in our blue chip stocks list.

目前我们的蓝筹股名单中有 超过 500 只证券。

Blue-chip stocks are established, financially strong, and consistently profitable publicly traded companies.

蓝筹股 是指那些成熟、财务稳健且持续盈利的上市公司。

As investors position their portfolios for 2026, quality dividend growth stocks should be in focus.

随着投资者为 2026 年调整投资组合，优质的股息增长股票应成为关注的重点。

The following 10 blue chip stocks have increased their dividends for at least 10 years, have Dividend Risk Scores of ‘A’ in the Sure Analysis Research Database, with the highest expected returns.

以下 10 只蓝筹股在至少 10 年内增加了股息，并在_Sure Analysis Research Database_中获得了 “A” 的股息风险评分，预期回报最高。

The 10 blue chip stocks are sorted by expected returns, in ascending order.

这 10 只蓝筹股按预期回报升序排列。

Blue Chip For 2026 #10: Lithia Motors (LAD)

2026 年蓝筹股 #10: Lithia Motors (LAD)

Annual Expected Returns: 16.2%

年预期回报：16.2%

Lithia Motors owns and operates automotive franchises and sells new and used vehicles, and related services. The corporation offers many brands of new vehicles and all brands of used vehicles in its ~298 stores across the U.S. Many of its dealerships are in California, Oregon, Texas, and New Jersey.

Lithia Motors 拥有并运营汽车特许经营，销售新车和二手车及相关服务。该公司在美国约 298 家门店提供多种品牌的新车和所有品牌的二手车。许多经销商位于加利福尼亚州、俄勒冈州、德克萨斯州和新泽西州。

On April 23rd, 2025, Lithia increased its quarterly dividend by 4% to $0.55 per share, or $2.20 annually.

在2025年4月23日，Lithia 将其季度股息提高了 4%，至每股 0.55 美元，年化为 2.20 美元。

Lithia Motors reported third quarter results on October 22nd, 2025. Third quarter revenue rose 5% to $9.7 billion from $9.2 billion in the same prior year period.

Lithia Motors 在2025年10月22日公布了第三季度业绩。第三季度收入从去年同期的 92 亿美元增长 5%，达到 97 亿美元。

Net income per diluted share was $8.61, up 11% from the prior year quarter’s $7.73. After adjustments, EPS increased 17% to $9.50 in the quarter, which beat the analysts’ consensus by $0.89.

每股稀释净收入为 8.61 美元，比去年同期的 7.73 美元增长 11%。经调整后，季度每股收益增长 17%，达到 9.50 美元，超出分析师共识 0.89 美元。

New vehicle retail sales increased 4.5% year-over-year, while used vehicles retail sales rose 8.9%. Aftersales (previously referred to as service, body and parts) revenue increased 2.4%. However, the average total vehicle gross profit per unit decreased 5.0% to $4,109.

新车零售销售同比增长 4.5%，而二手车零售销售增长 8.9%。售后服务（以前称为服务、车身和零件）收入增长 2.4%。然而，单位平均总车辆毛利下降 5.0%，至 4109 美元。

At the quarter-end, the company had roughly $1.9 billion in cash and cash equivalents and availability on its revolving lines of credit.

截至季度末，公司现金及现金等价物约为 19 亿美元，并且在其循环信贷额度上有可用额度。

In September, Lithia improved its network in the Southeast region as a result of its purchases of Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis. Through these acquisitions, Lithia essentially purchased $220 million in annualized revenues.

在 9 月份，Lithia 通过收购 Palm Beach Acura、West Palm Beach Hyundai 和 West Palm Beach Genesis 改善了其在东南地区的网络。通过这些收购，Lithia 基本上购买了 2.2 亿美元的年化收入。

Click here to download our most recent Sure Analysis report on LAD (preview of page 1 of 3 shown below):

点击这里下载我们最新的 LAD Sure Analysis 报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #9: Hanover Insurance Group (THG)

2026 年蓝筹股 #9: Hanover Insurance Group (THG)

Annual Expected Returns: 16.3%

年预期回报：16.3%

The Hanover Insurance Group is a holding company whose primary business is offering property and casualty insurance products and services.

Hanover Insurance Group 是一家控股公司，其主要业务是提供财产和意外伤害保险产品和服务。

The company markets itself through independent agents and brokers in the United States. In 2024, Personal Lines accounted for approximately 41% of segmented revenues; Commercial Lines, 36%; Other Property & Casualty, 23%. The company operates an investment portfolio that is primarily exposed to fixed-income securities.

该公司通过美国的独立代理商和经纪人进行市场营销。在 2024 年，个人保险业务约占分部收入的 41%；商业保险业务占 36%；其他财产和意外伤害占 23%。该公司运营的投资组合主要暴露于固定收益证券。

On October 29th, 2025, The Hanover Insurance Group reported its financial results for the third quarter for the period ending September 30th, 2025.

在2025年10月29日，Hanover Insurance Group 公布了截至2025年9月30日的第三季度财务业绩。

The company announced net income of $178.7 million, or $4.90 per diluted share, a substantial improvement from $102.1 million, or $2.80 per diluted share, in the same period the previous year.

该公司宣布净收入为 1.787 亿美元，或每股稀释 4.90 美元，较去年同期的 1.021 亿美元，或每股稀释 2.80 美元有了显著改善。

Operating income for the quarter was $185.6 million, or $5.09 per diluted share, compared to $111.3 million, or $3.05 per diluted share, in the prior-year quarter.

该季度的营业收入为 1.856 亿美元，或每股稀释 5.09 美元，而去年同期为 1.113 亿美元，或每股稀释 3.05 美元。

The combined ratio for the third quarter, excluding catastrophes, was 88.1%, reflecting enhanced underwriting profitability across all segments.

第三季度的综合比率（不包括灾害）为 88.1%，反映出所有部门的承保盈利能力增强。

This improvement was underpinned by disciplined pricing, with renewal price increases of 8.3% in Specialty, 9.9% in Core Commercial, and 10.5% in Personal Lines.

这一改善得益于严格的定价，专业领域的续保价格上涨 8.3%，核心商业领域上涨 9.9%，个人保险领域上涨 10.5%。

Net investment income rose by 27.5% to $117.0 million, supported by higher earned yields and strong operational cash flows. The overall combined ratio stood at 91.1%, with catastrophe losses of $46.2 million, or 3.0 points of the combined ratio, mainly from weather-related events.

净投资收入增长 27.5%，达到 1.17 亿美元，得益于更高的收益率和强劲的运营现金流。整体综合比率为 91.1%，灾害损失为 4620 万美元，占综合比率的 3.0 个百分点，主要来自天气相关事件。

Click here to download our most recent Sure Analysis report on THG (preview of page 1 of 3 shown below):

点击这里下载我们最新的 THG Sure Analysis 报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #8: Brown & Brown (BRO)

2026 年蓝筹股 #8: Brown & Brown (BRO)

Annual Expected Returns: 16.6%

年预期回报：16.6%

Brown & Brown Inc. is a leading insurance brokerage firm that provides risk management solutions to both individuals and businesses, with a focus on property & casualty insurance. Brown & Brown has a notably high level of insider ownership.

Brown & Brown Inc.是一家领先的保险经纪公司，为个人和企业提供风险管理解决方案，专注于财产和意外伤害保险。Brown & Brown 的内部持股水平显著较高。

Brown & Brown posted third quarter earnings on October 27th, 2025, and results were better than expected. Adjusted earnings-per-share came to $1.05, which was 12 cents ahead of estimates. Revenue soared 35% year-over-year thanks to acquisitions, beating estimates by $70 million at $1.61 billion.

Brown & Brown 于2025年10月27日发布了第三季度财报，结果超出预期。调整后的每股收益为 1.05 美元，比预期高出 12 美分。由于收购，收入同比飙升 35%，达到 16.1 亿美元，比预期高出 7000 万美元。

Commissions and fees rose 34% year-over-year, while organic revenue (which excludes acquisitions) rose 3.5%. Income before taxes was $311 million, which was off 2% year-over-year, with margin declining from 26.7% of revenue to 19.4%.

佣金和费用同比增长 34%，而有机收入（不包括收购）增长 3.5%。税前收入为 3.11 亿美元，同比下降 2%，利润率从收入的 26.7% 下降至 19.4%。

For the nine months, revenue was up 19% year-over-year to $4.3 billion, with commissions and fees up 18%. Organic revenue growth was 4.6%. Income before taxes was $1 billion, up 2%, on margin that fell from 28.4% to 24.4% of revenue. EBITDAC was $1.6 billion on EBITDAC margin that rose from 35.9% to 37.1% of revenue.

在九个月内，收入同比增长 19%，达到 43 亿美元，佣金和费用增长 18%。有机收入增长为 4.6%。税前收入为 10 亿美元，同比增长 2%，利润率从收入的 28.4% 下降至 24.4%。EBITDAC 为 16 亿美元，EBITDAC 利润率从收入的 35.9% 上升至 37.1%。

We have slightly boosted our estimate of earnings-per-share for this year to $4.20. The company also boosted its dividend for the 32nd consecutive year, raising it by 10% to a new payout of 66 cents per share annually.

我们略微提高了对今年每股收益的预估至 4.20 美元。该公司连续第 32 年提高股息，将其提高 10% 至每股 66 美分的年度派息。

Click here to download our most recent Sure Analysis report on BRO(preview of page 1 of 3 shown below):

点击这里下载我们最新的 BRO 详细分析报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #7: Globe Life (GL)

2026 年蓝筹股 #7: Globe Life (GL)

Annual Expected Returns: 17.1%

年度预期回报：17.1%

Globe Life is an insurance holding company providing primarily life and supplemental health insurance via direct to consumer, exclusive agents, and independent agents. Founded in 1979, Globe Life has raised its dividend every year for the past 20 years.

Globe Life 是一家保险控股公司，主要通过直接面向消费者、专属代理和独立代理提供人寿和补充健康保险。成立于 1979 年，Globe Life 在过去 20 年中每年都提高股息。

On October 22nd, GL shared its earnings report for the third quarter ended September 30th, 2025. The company’s net operating income per diluted share surged 37.8% year-over-year to $4.81 in the quarter. That came in $0.27 ahead of the analyst consensus during the quarter.

在2025年9月30日结束的第三季度，GL 于 10 月 22 日发布了其财报。该公司的每稀释股净营业收入同比激增 37.8%，达到 4.81 美元，超出分析师共识预期 0.27 美元。

GL logged yet another vigorous return on equity result for the third quarter. Backing out accumulated other comprehensive income, the ROE was 16.6% in the quarter. That represented a 130-basis-point improvement over the 15.3% figure logged in Q3 2024.

GL 在第三季度再次实现了强劲的股本回报率。扣除累计其他综合收益后，第三季度的股本回报率为 16.6%。这比 2024 年第三季度的 15.3% 提高了 130 个基点。

During the third quarter, GL continued to retire its shares via its share repurchase program. The company repurchased more than 840,000 shares at an average share price of about $134 a share.

在第三季度，GL 继续通过其股票回购计划回购股票。该公司以约 134 美元的平均股价回购了超过 840,000 股股票。

Click here to download our most recent Sure Analysis report on GL (preview of page 1 of 3 shown below):

点击这里下载我们最新的 GL 详细分析报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #6: Sonoco Products (SON)

2026 年蓝筹股 #6: Sonoco Products (SON)

Annual Expected Returns: 17.6%

年度预期回报：17.6%

Sonoco Products Company provides packaging, industrial products, and supply chains services to its customers. The markets that use the company’s products include those in the appliances, electronics, beverage, construction and food industries.

Sonoco Products Company 为客户提供包装、工业产品和供应链服务。使用该公司产品的市场包括家电、电子、饮料、建筑和食品行业。

Sonoco Products is now composed of 2 major segments, Consumer Packaging, and Industrial Packaging, with all other businesses listed as “All Other”.

Sonoco Products 现在由两个主要部门组成，消费包装和工业包装，所有其他业务被列为 “其他”。

Sonoco Products reported third-quarter results on October 22nd, 2025.

Sonoco Products 于2025年10月22日发布了第三季度业绩。

Source: Investor Presentation

来源：投资者演示文稿

Revenue for the quarter surged 58% to $2.13 billion, though this was $20 million less than expected. Adjusted earnings-per-share of $1.92 compared favorably to $1.49 in the prior year, but this was $0.01 below estimates.

该季度的收入激增 58%，达到 21.3 亿美元，尽管比预期少了 2000 万美元。调整后的每股收益为 1.92 美元，较去年同期的 1.49 美元有所改善，但比预期低 0.01 美元。

As with prior quarters, revenue and earnings-per-share benefited from the company’s purchase of Eviosys in December of 2024.

与之前的季度一样，收入和每股收益受益于公司在 2024 年 12 月收购 Eviosys。

Revenue for Consumer Packing was up 117% to $1.44 billion, mostly due to contributions from Eviosys. Results were also positively impacted by price increases that were implemented to offset tariffs.

消费包装的收入增长 117%，达到 14.4 亿美元，主要得益于 Eviosys 的贡献。结果也受到实施价格上涨以抵消关税的积极影响。

Industrial Paper Packing sales were unchanged at $585 million as price increases were offset by weaker volume resulting from two plant divestitures in China last year.

工业纸包装的销售保持在 5.85 亿美元不变，因为价格上涨被去年在中国的两家工厂剥离导致的销量下降所抵消。

All Other grew 1% to $108 million due to volume gains in temperature-assured packaging.

其他业务增长 1%，达到 1.08 亿美元，得益于温控包装的销量增长。

Click here to download our most recent Sure Analysis report on SON(preview of page 1 of 3 shown below):

点击这里下载我们最新的 SON 详细分析报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #5: Becton Dickison & Co. (BDX)

2026 年蓝筹股 #5: Becton Dickison & Co. (BDX)

Annual Expected Returns: 17.7%

年度预期回报：17.7%

Becton, Dickinson & Co. is a global leader in the medical supply industry. The company was founded in 1897 and has 75,000 employees across 190 countries.

Becton, Dickinson & Co.是医疗供应行业的全球领导者。该公司成立于 1897 年，在 190 个国家拥有 75,000 名员工。

The company generates about $20 billion in annual revenue, with approximately 43% of revenues coming from outside of the U.S.

该公司每年产生约 200 亿美元的收入，其中约 43% 的收入来自美国以外的地区。

Becton, Dickinson & Co., or BD, is a global leader in the medical supply industry. The company generates almost $22 billion in annual revenue, with approximately 43% of revenues coming from outside of the U.S.

Becton, Dickinson & Co.，或称 BD，是医疗供应行业的全球领导者。该公司每年产生近 220 亿美元的收入，其中约 43% 的收入来自美国以外的地区。

On November 6th, 2025, BD increased its quarterly dividend 1.0% to $1.05, extending the company’s dividend growth streak to 54 consecutive years.

在2025年11月6日，BD 将季度股息提高 1.0% 至 1.05 美元，使公司的股息增长连续达到 54 年。

BD also reported results for the fourth quarter and fiscal year 2025, which ended September 30th, 2025. For the quarter, revenue grew 8.3% to $5.89 billion, but this was $20 million below estimates.

BD 还报告了 2025 财年第四季度和全年业绩，截止至2025年9月30日。该季度收入增长 8.3%，达到 58.9 亿美元，但比预期少了 2000 万美元。

Adjusted earnings-per-share of $3.96 compared favorably to $3.81 in the prior year and was $0.05 more than expected. For the fiscal year, revenue grew 8.2% to $21.8 billion while adjusted earnings-per-share of $14.40 compared to $13.14 in FY 2024.

调整后的每股收益为 3.96 美元，较去年同期的 3.81 美元有所改善，并比预期高出 0.05 美元。对于财年，收入增长 8.2%，达到 218 亿美元，而调整后的每股收益为 14.40 美元，较 2024 财年的 13.14 美元有所提高。

BD provided an outlook for fiscal year 2026 as well. Revenue is projected to grow at a low single-digit rate. Adjusted earnings-per-share are expected to be in a range of $14.75 to $15.05.

BD 还提供了 2026 财年的展望。预计收入将以低个位数的速度增长。调整后的每股收益预计在 14.75 美元至 15.05 美元之间。

At the midpoint, this would represent growth of 3.5% from FY 2025.

在中间值上，这将代表比 2025 财年增长 3.5%。

Click here to download our most recent Sure Analysis report on BDX (preview of page 1 of 3 shown below):

点击这里下载我们最新的 BDX 详细分析报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #4: H2O America (HTO)

2026 年蓝筹股 #4: H2O America (HTO)

Annual Expected Returns: 20.3%

年度预期回报：20.3%

H2O America, formerly known as SJW Group, is a water utility company that produces, purchases, stores, purifies and distributes water to consumers and businesses in California, Texas, Connecticut, and Maine.

H2O America，前身为 SJW Group，是一家水务公司，负责生产、购买、储存、净化和分配加利福尼亚州、德克萨斯州、康涅狄格州和缅因州的水给消费者和企业。

H2O America has a small real estate division that owns and develops properties for residential and warehouse customers in California and Tennessee.

H2O America 还有一个小型房地产部门，负责在加利福尼亚州和田纳西州为住宅和仓储客户拥有和开发物业。

Source: Investor Relations

来源：投资者关系

H2O America reported third-quarter results on October 28th, 2025. Revenue for the period grew 6.9% to $240.6 million and topped expectations by $2.1 million. Earnings-per-share of $1.27 was up from $1.18 in the same period of the prior year and was $0.09 ahead of estimates.

H2O America 于2025年10月28日发布了第三季度业绩。该期间的收入增长 6.9%，达到 2.406 亿美元，超出预期 210 万美元。每股收益为 1.27 美元，高于去年同期的 1.18 美元，并超出预期 0.09 美元。

Water rates added $21.2 million to results while higher customer usage contributed $700K. Operating expenses increased 6% to $175.9 million as pensions costs, salaries and wages, and inflationary increases did impact the business.

水费增加了 2120 万美元的业绩，而客户使用量的增加贡献了 70 万美元。运营费用增长了 6%，达到 1.759 亿美元，养老金成本、薪资和工资以及通货膨胀的增加对业务产生了影响。

H2O America expects to invest more than $2 billion in capital over the next five years in its wastewater operations. The company invested nearly $358 million through the end of the third-quarter.

H2O America 预计在未来五年内将在其废水业务上投资超过 20 亿美元。该公司截至第三季度末已投资近 3.58 亿美元。

The company also noted it had received approval for several rate cases during the quarter as well as recently submitted rate cases to regulators.

公司还指出，在本季度获得了多个费率案件的批准，并最近向监管机构提交了费率案件。

Click here to download our most recent Sure Analysis report on HTO (preview of page 1 of 3 shown below):

点击此处下载我们最新的 HTO Sure Analysis 报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #3: Stepan Co. (SCL)

2026 年蓝筹股 #3: Stepan Co. (SCL)

Annual Expected Returns: 20.8%

年度预期回报：20.8%

Stepan manufactures basic and intermediate chemicals, including surfactants, specialty products, germicidal and fabric softening quaternaries, phthalic anhydride, polyurethane polyols and special ingredients for the food, supplement, and pharmaceutical markets.

Stepan 生产基础和中间化学品，包括表面活性剂、特种产品、杀菌剂和织物柔软剂的季铵盐、邻苯二甲酸酐、聚氨酯聚醇以及食品、补充剂和制药市场的特殊成分。

It is organized into three distinct business lines: surfactants, polymers, and specialty products. These businesses serve a wide variety of end markets, meaning that Stepan is not beholden to just a handful of industries.

它分为三个不同的业务线：表面活性剂、聚合物和特种产品。这些业务服务于各种终端市场，这意味着 Stepan 并不依赖于少数几个行业。

The surfactants business is Stepan’s largest by revenue, accounting for ~68% of total sales in the most recent quarter. A surfactant is an organic compound that contains both water-soluble and water-insoluble components.

表面活性剂业务是 Stepan 按收入计算的最大业务，占最近一个季度总销售额的约 68%。表面活性剂是一种有机化合物，包含水溶性和水不溶性成分。

Stepan posted third quarter earnings on October 29th, 2025. Adjusted earnings-per-share came to 48 cents, but that missed estimates widely by 13 cents. Revenue was up 8% year-over-year to $590 million, but also missed by $3.5 million.

Stepan 于2025年10月29日发布了第三季度财报。调整后的每股收益为 48 美分，但比预期低了 13 美分。收入同比增长 8%，达到 5.9 亿美元，但也比预期低了 350 万美元。

Surfactants net sales were $422 million, a 10% increase from the year-ago period. Adjusted EBITDA fell $6.2 million, or 14%, due to volume contraction, higher startup expenses, and rising raw material prices.

表面活性剂的净销售额为 4.22 亿美元，比去年同期增长 10%。调整后的息税折旧摊销前利润下降了 620 万美元，或 14%，由于销量收缩、启动费用增加和原材料价格上涨。

Polymers net sales were $144 million, a 4% decline year-over-year. Volume was up 8%, while adjusted EBITDA was down 4%, or $1 million, due to lower unit margins and unfavorable mix.

聚合物的净销售额为 1.44 亿美元，同比下降 4%。销量增长了 8%，而调整后的息税折旧摊销前利润下降了 4%，或 100 万美元，原因是单位利润下降和不利的产品组合。

Consolidated adjusted EBITDA was up $3.1 million, or 6%, year-over-year. Cash from operations was $69.8 million, while free cash flow was $40.2 million driven by reductions in working capital.

合并调整后的息税折旧摊销前利润同比增长 310 万美元，或 6%。运营现金流为 6980 万美元，自由现金流为 4020 万美元，得益于营运资本的减少。

The dividend was raised by 2.6%, Stepan’s 58th consecutive annual increase.

股息提高了 2.6%，这是 Stepan 连续第 58 年增加股息。

Click here to download our most recent Sure Analysis report on SCL (preview of page 1 of 3 shown below):

点击此处下载我们最新的 SCL Sure Analysis 报告（下面显示的是第 1 页的预览）：

Blue Chip For 2026 #2: FactSet Research Systems (FDS)

2026 年蓝筹股 #2: FactSet Research Systems (FDS)

Annual Expected Returns: 21.0%

年度预期回报：21.0%

FactSet Research Systems, a financial data and analytics firm founded in 1978, provides integrated financial information and analytical tools to the investment community in the Americas, Europe, the Middle East, Africa, and Asia-Pacific.

FactSet Research Systems 是一家成立于 1978 年的金融数据和分析公司，为美洲、欧洲、中东、非洲和亚太地区的投资社区提供综合金融信息和分析工具。

The company provides insight and information through research, analytics, trading workflow solutions, content and technology solutions, and wealth management.

该公司通过研究、分析、交易工作流程解决方案、内容和技术解决方案以及财富管理提供洞察和信息。

On September 18th, 2025, FactSet Research Systems announced Q4 2025 results, reporting non-GAAP EPS of $4.05 for the period, which missed market consensus by $0.08, and revenue grew 6.2% to $596.9 million. Operating performance also strengthened, with Q4 GAAP operating margin rising sharply to 29.7%.

在2025年9月18日，FactSet Research Systems 公布了 2025 年第四季度的业绩，报告期内非 GAAP 每股收益为 4.05 美元，低于市场共识 0.08 美元，收入增长 6.2%，达到 5.969 亿美元。运营表现也有所增强，第四季度 GAAP 运营利润率大幅上升至 29.7%。

GAAP diluted EPS surged 73.7% to $4.03, reflecting higher revenue and one-time gains from a business divestiture. For the full year, GAAP revenues climbed 5.4% to $2.32 billion, marking the company’s 46th consecutive year of revenue growth.

GAAP 稀释每股收益激增 73.7%，达到 4.03 美元，反映出收入增加和来自业务剥离的一次性收益。全年 GAAP 收入增长 5.4%，达到 23.2 亿美元，标志着公司连续第 46 年收入增长。

Organic ASV grew 5.7% to $2.37 billion, underscoring steady client demand and expansion across all regions. For the full fiscal year, FactSet delivered a 32.2% GAAP operating margin and $15.55 in diluted EPS, up 11.8% year over year.

有机年经常性收入增长 5.7%，达到 23.7 亿美元，凸显出客户需求稳定和各地区的扩张。对于整个财政年度，FactSet 实现了 32.2% 的 GAAP 运营利润率和每股稀释收益 15.55 美元，同比增长 11.8%。

Adjusted metrics were slightly lower, as increased technology spending weighed on margins, but overall profitability remained strong. Looking ahead, FactSet expects fiscal 2026 GAAP revenues between $2.42 billion and $2.45 billion and organic ASV growth of 4% to 6%.

调整后的指标略有下降，因为增加的技术支出对利润率造成了压力，但整体盈利能力仍然强劲。展望未来，FactSet 预计 2026 财年的 GAAP 收入在 24.2 亿至 24.5 亿美元之间，有机年经常性收入增长 4% 至 6%。

Click here to download our most recent Sure Analysis report on FDS (preview of page 1 of 3 shown below):

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Blue Chip For 2026 #1: Morningstar Inc. (MORN)

2026 年蓝筹股 #1: Morningstar Inc. (MORN)

Morningstar was founded in 1984 as a way for investors to seek information about hundreds of popular mutual funds that was out of reach prior to the company’s Sourcebook product.

Morningstar 成立于 1984 年，旨在为投资者提供有关数百只流行共同基金的信息，这在公司推出 Sourcebook 产品之前是无法获得的。

Since that time, Morningstar has grown tremendously, serving about nine million clients. It produces ~$2.4 billion in annual revenue.

自那时以来，Morningstar 发展迅速，服务约 900 万客户。其年收入约为 24 亿美元。

Morningstar posted third quarter earnings on October 29th, 2025, and results were better than expected on both the top and bottom lines. Adjusted earnings-per-share came to $2.55, which was 13 cents ahead of estimates.

Morningstar 于2025年10月29日发布了第三季度财报，业绩在收入和利润两方面均好于预期。调整后的每股收益为 2.55 美元，比预期高出 13 美分。

Revenue was up 8.4% year-over-year to $617 million, beating expectations by almost $12 million. Organic revenue was up 9% year-over-year, which excludes acquisitions and divestitures.

收入同比增长 8.4%，达到 6.17 亿美元，比预期高出近 1200 万美元。有机收入同比增长 9%，不包括收购和剥离。

Operating income was up 10.6% year-over-year to $128 million, while adjusted operating income rose almost 16%. Net income per share was up 28% on an adjusted basis.

营业收入同比增长 10.6%，达到 1.28 亿美元，而调整后的营业收入增长近 16%。调整后的每股净收入增长 28%。

Morningstar noted a further $1.05 per share gain from the sale of its Commodity and Energy Data business.

Morningstar 还指出，出售其商品和能源数据业务后每股收益进一步增加了 1.05 美元。

Cash from operating activities came to $196 million while free cash flow was $160 million. Both were up fractionally year-over-year.

经营活动产生的现金流为 1.96 亿美元，自由现金流为 1.6 亿美元，均同比小幅增长。

Morningstar repurchased $487 million in shares so far this year, or about 4% of its float. It has a new program to repurchase up to $1 billion in shares over the next three years.

截至目前，Morningstar 已回购 4.87 亿美元的股票，约占其流通股的 4%。它有一个新的计划，在未来三年内回购最多 10 亿美元的股票。

Click here to download our most recent Sure Analysis report on MORN (preview of page 1 of 3 shown below):

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