Image Source: Pexels

圖片來源：Pexels

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

儘管市場在 2025 年表現強勁，但仍有一些被低估的股票具有吸引人的股息收益率可供選擇。

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

例如，藍籌股在至少連續 10 年內增加了股息。

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:

您可以通過點擊下面的鏈接下載我們的免費藍籌股名單，其中包含重要的財務指標，如股息收益率和市盈率。

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

目前我們的藍籌股名單中有 超過 500 只證券。

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

藍籌股 是指那些成熟、財務穩健且持續盈利的上市公司。

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

隨着投資者為 2026 年調整投資組合，優質的股息增長股票應成為關注的重點。

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 只藍籌股在至少 10 年內增加了股息，並在_Sure Analysis Research Database_中獲得了 “A” 的股息風險評分，預期回報最高。

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

這 10 只藍籌股按預期回報升序排列。

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

2026 年藍籌股 #10: Lithia Motors (LAD)

Annual Expected Returns: 16.2%

年預期回報：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 擁有並運營汽車特許經營，銷售新車和二手車及相關服務。該公司在美國約 298 家門店提供多種品牌的新車和所有品牌的二手車。許多經銷商位於加利福尼亞州、俄勒岡州、德克薩斯州和新澤西州。

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 將其季度股息提高了 4%，至每股 0.55 美元，年化為 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日公佈了第三季度業績。第三季度收入從去年同期的 92 億美元增長 5%，達到 97 億美元。

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.

每股稀釋淨收入為 8.61 美元，比去年同期的 7.73 美元增長 11%。經調整後，季度每股收益增長 17%，達到 9.50 美元，超出分析師共識 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.

新車零售銷售同比增長 4.5%，而二手車零售銷售增長 8.9%。售後服務（以前稱為服務、車身和零件）收入增長 2.4%。然而，單位平均總車輛毛利下降 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，公司現金及現金等價物約為 19 億美元，並且在其循環信貸額度上有可用額度。

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 通過收購 Palm Beach Acura、West Palm Beach Hyundai 和 West Palm Beach Genesis 改善了其在東南地區的網絡。通過這些收購，Lithia 基本上購買了 2.2 億美元的年化收入。

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

點擊這裏下載我們最新的 LAD Sure Analysis 報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #9: Hanover Insurance Group (THG)

Annual Expected Returns: 16.3%

年預期回報：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，其主要業務是提供財產和意外傷害保險產品和服務。

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.

該公司通過美國的獨立代理商和經紀人進行市場營銷。在 2024 年，個人保險業務約佔分部收入的 41%；商業保險業務佔 36%；其他財產和意外傷害佔 23%。該公司運營的投資組合主要暴露於固定收益證券。

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 公佈了截至2025年9月30日的第三季度財務業績。

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.

該公司宣佈淨收入為 1.787 億美元，或每股稀釋 4.90 美元，較去年同期的 1.021 億美元，或每股稀釋 2.80 美元有了顯著改善。

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.

該季度的營業收入為 1.856 億美元，或每股稀釋 5.09 美元，而去年同期為 1.113 億美元，或每股稀釋 3.05 美元。

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

第三季度的綜合比率（不包括災害）為 88.1%，反映出所有部門的承保盈利能力增強。

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.

這一改善得益於嚴格的定價，專業領域的續保價格上漲 8.3%，核心商業領域上漲 9.9%，個人保險領域上漲 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.

淨投資收入增長 27.5%，達到 1.17 億美元，得益於更高的收益率和強勁的運營現金流。整體綜合比率為 91.1%，災害損失為 4620 萬美元，佔綜合比率的 3.0 個百分點，主要來自天氣相關事件。

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

點擊這裏下載我們最新的 THG Sure Analysis 報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #8: Brown & Brown (BRO)

Annual Expected Returns: 16.6%

年預期回報：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.是一家領先的保險經紀公司，為個人和企業提供風險管理解決方案，專注於財產和意外傷害保險。Brown & Brown 的內部持股水平顯著較高。

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 於2025年10月27日發佈了第三季度財報，結果超出預期。調整後的每股收益為 1.05 美元，比預期高出 12 美分。由於收購，收入同比飆升 35%，達到 16.1 億美元，比預期高出 7000 萬美元。

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%.

佣金和費用同比增長 34%，而有機收入（不包括收購）增長 3.5%。税前收入為 3.11 億美元，同比下降 2%，利潤率從收入的 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.

在九個月內，收入同比增長 19%，達到 43 億美元，佣金和費用增長 18%。有機收入增長為 4.6%。税前收入為 10 億美元，同比增長 2%，利潤率從收入的 28.4% 下降至 24.4%。EBITDAC 為 16 億美元，EBITDAC 利潤率從收入的 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.

我們略微提高了對今年每股收益的預估至 4.20 美元。該公司連續第 32 年提高股息，將其提高 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):

點擊這裏下載我們最新的 BRO 詳細分析報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #7: Globe Life (GL)

Annual Expected Returns: 17.1%

年度預期回報：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 是一家保險控股公司，主要通過直接面向消費者、專屬代理和獨立代理提供人壽和補充健康保險。成立於 1979 年，Globe Life 在過去 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日結束的第三季度，GL 於 10 月 22 日發佈了其財報。該公司的每稀釋股淨營業收入同比激增 37.8%，達到 4.81 美元，超出分析師共識預期 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 在第三季度再次實現了強勁的股本回報率。扣除累計其他綜合收益後，第三季度的股本回報率為 16.6%。這比 2024 年第三季度的 15.3% 提高了 130 個基點。

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 繼續通過其股票回購計劃回購股票。該公司以約 134 美元的平均股價回購了超過 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):

點擊這裏下載我們最新的 GL 詳細分析報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #6: Sonoco Products (SON)

Annual Expected Returns: 17.6%

年度預期回報：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 為客户提供包裝、工業產品和供應鏈服務。使用該公司產品的市場包括家電、電子、飲料、建築和食品行業。

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

Sonoco Products 現在由兩個主要部門組成，消費包裝和工業包裝，所有其他業務被列為 “其他”。

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

Sonoco Products 於2025年10月22日發佈了第三季度業績。

Source: Investor Presentation

來源：投資者演示文稿

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.

該季度的收入激增 58%，達到 21.3 億美元，儘管比預期少了 2000 萬美元。調整後的每股收益為 1.92 美元，較去年同期的 1.49 美元有所改善，但比預期低 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.

與之前的季度一樣，收入和每股收益受益於公司在 2024 年 12 月收購 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.

消費包裝的收入增長 117%，達到 14.4 億美元，主要得益於 Eviosys 的貢獻。結果也受到實施價格上漲以抵消關税的積極影響。

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.

工業紙包裝的銷售保持在 5.85 億美元不變，因為價格上漲被去年在中國的兩家工廠剝離導致的銷量下降所抵消。

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

其他業務增長 1%，達到 1.08 億美元，得益於温控包裝的銷量增長。

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

點擊這裏下載我們最新的 SON 詳細分析報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #5: Becton Dickison & Co. (BDX)

Annual Expected Returns: 17.7%

年度預期回報：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.是醫療供應行業的全球領導者。該公司成立於 1897 年，在 190 個國家擁有 75,000 名員工。

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

該公司每年產生約 200 億美元的收入，其中約 43% 的收入來自美國以外的地區。

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.，或稱 BD，是醫療供應行業的全球領導者。該公司每年產生近 220 億美元的收入，其中約 43% 的收入來自美國以外的地區。

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 將季度股息提高 1.0% 至 1.05 美元，使公司的股息增長連續達到 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 還報告了 2025 財年第四季度和全年業績，截止至2025年9月30日。該季度收入增長 8.3%，達到 58.9 億美元，但比預期少了 2000 萬美元。

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.

調整後的每股收益為 3.96 美元，較去年同期的 3.81 美元有所改善，並比預期高出 0.05 美元。對於財年，收入增長 8.2%，達到 218 億美元，而調整後的每股收益為 14.40 美元，較 2024 財年的 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 還提供了 2026 財年的展望。預計收入將以低個位數的速度增長。調整後的每股收益預計在 14.75 美元至 15.05 美元之間。

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

在中間值上，這將代表比 2025 財年增長 3.5%。

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

點擊這裏下載我們最新的 BDX 詳細分析報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #4: H2O America (HTO)

Annual Expected Returns: 20.3%

年度預期回報：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，前身為 SJW Group，是一家水務公司，負責生產、購買、儲存、淨化和分配加利福尼亞州、德克薩斯州、康涅狄格州和緬因州的水給消費者和企業。

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

H2O America 還有一個小型房地產部門，負責在加利福尼亞州和田納西州為住宅和倉儲客户擁有和開發物業。

Source: Investor Relations

來源：投資者關係

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 於2025年10月28日發佈了第三季度業績。該期間的收入增長 6.9%，達到 2.406 億美元，超出預期 210 萬美元。每股收益為 1.27 美元，高於去年同期的 1.18 美元，並超出預期 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.

水費增加了 2120 萬美元的業績，而客户使用量的增加貢獻了 70 萬美元。運營費用增長了 6%，達到 1.759 億美元，養老金成本、薪資和工資以及通貨膨脹的增加對業務產生了影響。

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 預計在未來五年內將在其廢水業務上投資超過 20 億美元。該公司截至第三季度末已投資近 3.58 億美元。

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

公司還指出，在本季度獲得了多個費率案件的批准，並最近向監管機構提交了費率案件。

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

點擊此處下載我們最新的 HTO Sure Analysis 報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #3: Stepan Co. (SCL)

Annual Expected Returns: 20.8%

年度預期回報：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 生產基礎和中間化學品，包括表面活性劑、特種產品、殺菌劑和織物柔軟劑的季銨鹽、鄰苯二甲酸酐、聚氨酯聚醇以及食品、補充劑和製藥市場的特殊成分。

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.

它分為三個不同的業務線：表面活性劑、聚合物和特種產品。這些業務服務於各種終端市場，這意味着 Stepan 並不依賴於少數幾個行業。

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.

表面活性劑業務是 Stepan 按收入計算的最大業務，佔最近一個季度總銷售額的約 68%。表面活性劑是一種有機化合物，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 於2025年10月29日發佈了第三季度財報。調整後的每股收益為 48 美分，但比預期低了 13 美分。收入同比增長 8%，達到 5.9 億美元，但也比預期低了 350 萬美元。

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.

表面活性劑的淨銷售額為 4.22 億美元，比去年同期增長 10%。調整後的息税折舊攤銷前利潤下降了 620 萬美元，或 14%，由於銷量收縮、啓動費用增加和原材料價格上漲。

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.

聚合物的淨銷售額為 1.44 億美元，同比下降 4%。銷量增長了 8%，而調整後的息税折舊攤銷前利潤下降了 4%，或 100 萬美元，原因是單位利潤下降和不利的產品組合。

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.

合併調整後的息税折舊攤銷前利潤同比增長 310 萬美元，或 6%。運營現金流為 6980 萬美元，自由現金流為 4020 萬美元，得益於營運資本的減少。

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

股息提高了 2.6%，這是 Stepan 連續第 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):

點擊此處下載我們最新的 SCL Sure Analysis 報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #2: FactSet Research Systems (FDS)

Annual Expected Returns: 21.0%

年度預期回報：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 是一家成立於 1978 年的金融數據和分析公司，為美洲、歐洲、中東、非洲和亞太地區的投資社區提供綜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.

該公司通過研究、分析、交易工作流程解決方案、內容和技術解決方案以及財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 公佈了 2025 年第四季度的業績，報告期內非 GAAP 每股收益為 4.05 美元，低於市場共識 0.08 美元，收入增長 6.2%，達到 5.969 億美元。運營表現也有所增強，第四季度 GAAP 運營利潤率大幅上升至 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 稀釋每股收益激增 73.7%，達到 4.03 美元，反映出收入增加和來自業務剝離的一次性收益。全年 GAAP 收入增長 5.4%，達到 23.2 億美元，標誌着公司連續第 46 年收入增長。

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.

有機年經常性收入增長 5.7%，達到 23.7 億美元，凸顯出客户需求穩定和各地區的擴張。對於整個財政年度，FactSet 實現了 32.2% 的 GAAP 運營利潤率和每股稀釋收益 15.55 美元，同比增長 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%.

調整後的指標略有下降，因為增加的技術支出對利潤率造成了壓力，但整體盈利能力仍然強勁。展望未來，FactSet 預計 2026 財年的 GAAP 收入在 24.2 億至 24.5 億美元之間，有機年經常性收入增長 4% 至 6%。

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

點擊此處下載我們最新的 FDS Sure Analysis 報告（下面顯示的是第 1 頁的預覽）：

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

2026 年藍籌股 #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 成立於 1984 年，旨在為投資者提供有關數百隻流行共同基金的信息，這在公司推出 Sourcebook 產品之前是無法獲得的。

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

自那時以來，Morningstar 發展迅速，服務約 900 萬客户。其年收入約為 24 億美元。

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 於2025年10月29日發佈了第三季度財報，業績在收入和利潤兩方面均好於預期。調整後的每股收益為 2.55 美元，比預期高出 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.

收入同比增長 8.4%，達到 6.17 億美元，比預期高出近 1200 萬美元。有機收入同比增長 9%，不包括收購和剝離。

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.

營業收入同比增長 10.6%，達到 1.28 億美元，而調整後的營業收入增長近 16%。調整後的每股淨收入增長 28%。

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

Morningstar 還指出，出售其商品和能源數據業務後每股收益進一步增加了 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.

經營活動產生的現金流為 1.96 億美元，自由現金流為 1.6 億美元，均同比小幅增長。

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 已回購 4.87 億美元的股票，約佔其流通股的 4%。它有一個新的計劃，在未來三年內回購最多 10 億美元的股票。

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

點擊此處下載我們最新的 MORN Sure Analysis 報告（下面顯示的是第 1 頁的預覽）：

More By This Author:

更多來自此作者的內容：

10 Best Performing Monthly Dividend Stocks In The Past 10 Years

過去 10 年表現最佳的 10 只月度分紅股票

3 Top Dividend Stocks For Monthly Payouts

3 只適合月度分紅的頂級股票

10 Dividend Stocks For Conservative Retirement Income

10 只適合保守退休收入的分紅股票

2026 年十大最佳分紅股票