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American Bitcoin Corp.（ABTC）与Arch Capital Group（ACGL）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是American Bitcoin Corp.的41.8倍（$4.9B vs $118.0M）。American Bitcoin Corp.同比增速更快（151.5% vs 8.5%）。过去两年American Bitcoin Corp.的营收复合增速更高（296.9% vs 11.9%）
美国比特币公司专注于比特币相关业务领域。比特币是首个去中心化加密货币，由化名为中本聪的匿名人士于2008年发布白皮书后诞生，2009年随着开源代码上线正式投入使用，问世以来对全球金融与数字货币领域都产生了极为深远的影响。
百慕大注册上市企业Arch Capital Group面向全球提供保险、再保险及按揭保险服务，专注于特种类保险业务，承保保险业内难度较高的特殊风险。公司总部位于百慕大，在北美、欧洲、亚洲及澳洲共设有60个办事处，实现全球布局运营。
ABTC vs ACGL — 直观对比
营收规模更大
ACGL
是对方的41.8倍
$118.0M
营收增速更快
ABTC
高出143.0%
8.5%
两年增速更快
ABTC
近两年复合增速
11.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $118.0M | $4.9B |
| 净利润 | — | $1.2B |
| 毛利率 | 49.1% | — |
| 营业利润率 | -192.8% | — |
| 净利率 | — | 25.1% |
| 营收同比 | 151.5% | 8.5% |
| 净利润同比 | — | 32.4% |
| 每股收益（稀释后） | $-0.07 | $3.33 |
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ABTCACGL
| Q4 25 | $118.0M | $4.9B | ||
| Q3 25 | $64.2M | $5.1B | ||
| Q2 25 | $1.4M | $5.2B | ||
| Q1 25 | $1.6M | $4.7B | ||
| Q4 24 | $46.9M | $4.5B | ||
| Q3 24 | $11.6M | $4.7B | ||
| Q2 24 | $5.5M | $4.2B | ||
| Q1 24 | $7.5M | $3.9B |
净利润ABTCACGL
| Q4 25 | — | $1.2B | ||
| Q3 25 | $3.5M | $1.4B | ||
| Q2 25 | $3.4M | $1.2B | ||
| Q1 25 | $-100.6M | $574.0M | ||
| Q4 24 | — | $935.0M | ||
| Q3 24 | $-576.0K | $988.0M | ||
| Q2 24 | $-61.1M | $1.3B | ||
| Q1 24 | $230.4M | $1.1B |
毛利率ABTCACGL
| Q4 25 | 49.1% | — | ||
| Q3 25 | 56.0% | — | ||
| Q2 25 | -16.8% | — | ||
| Q1 25 | -31.8% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 35.4% | — |
营业利润率ABTCACGL
| Q4 25 | -192.8% | — | ||
| Q3 25 | 11.2% | — | ||
| Q2 25 | -162.1% | — | ||
| Q1 25 | -350.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -87.8% | — | ||
| Q2 24 | -106.4% | — | ||
| Q1 24 | -20.8% | — |
净利率ABTCACGL
| Q4 25 | — | 25.1% | ||
| Q3 25 | 5.4% | 26.4% | ||
| Q2 25 | 249.2% | 23.7% | ||
| Q1 25 | -6458.5% | 12.3% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | -5.0% | 20.9% | ||
| Q2 24 | -1107.2% | 30.0% | ||
| Q1 24 | 3076.2% | 28.4% |
每股收益（稀释后）ABTCACGL
| Q4 25 | $-0.07 | $3.33 | ||
| Q3 25 | $0.06 | $3.56 | ||
| Q2 25 | $-0.07 | $3.23 | ||
| Q1 25 | $-0.09 | $1.48 | ||
| Q4 24 | $1.10 | $2.41 | ||
| Q3 24 | $-0.15 | $2.56 | ||
| Q2 24 | $-0.10 | $3.30 | ||
| Q1 24 | $-0.36 | $2.92 |
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 | — | $993.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $665.8M | $24.2B |
| 总资产 | $1.2B | $79.2B |
| 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ABTCACGL
| Q4 25 | — | $993.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $750.0K | $983.0M | ||
| Q1 25 | $367.0K | $1.2B | ||
| Q4 24 | $850.0K | $979.0M | ||
| Q3 24 | $478.0K | $1.0B | ||
| Q2 24 | $1.4M | $1.0B | ||
| Q1 24 | $1.9M | $993.0M |
股东权益ABTCACGL
| Q4 25 | $665.8M | $24.2B | ||
| Q3 25 | $575.5M | $23.7B | ||
| Q2 25 | $339.7M | $23.0B | ||
| Q1 25 | $115.8M | $21.5B | ||
| Q4 24 | $1.0B | $20.8B | ||
| Q3 24 | $697.5M | $22.3B | ||
| Q2 24 | $614.3M | $20.7B | ||
| Q1 24 | $696.8M | $19.4B |
总资产ABTCACGL
| Q4 25 | $1.2B | $79.2B | ||
| Q3 25 | $1.2B | $79.2B | ||
| Q2 25 | $6.2M | $78.8B | ||
| Q1 25 | $9.0M | $75.2B | ||
| Q4 24 | $1.1B | $70.9B | ||
| Q3 24 | $7.5M | $73.7B | ||
| Q2 24 | $11.4M | $65.5B | ||
| Q1 24 | $17.8M | $62.8B |
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 | $-36.5M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $1.4B |
| 自由现金流率自由现金流/营收 | — | 28.2% |
| 资本支出强度资本支出/营收 | — | 0.2% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $6.1B |
8季度趋势，按日历期对齐
经营现金流ABTCACGL
| Q4 25 | $-36.5M | $1.4B | ||
| Q3 25 | $-39.0M | $2.2B | ||
| Q2 25 | $-879.0K | $1.1B | ||
| Q1 25 | $-3.2M | $1.5B | ||
| Q4 24 | $23.6M | $1.6B | ||
| Q3 24 | $-76.8M | $2.0B | ||
| Q2 24 | $201.0K | $1.5B | ||
| Q1 24 | $-983.0K | $1.6B |
自由现金流ABTCACGL
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $-79.3M | $2.0B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
自由现金流率ABTCACGL
| Q4 25 | — | 28.2% | ||
| Q3 25 | — | 42.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 31.0% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | -683.2% | 42.5% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 39.3% |
资本支出强度ABTCACGL
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 21.6% | 0.3% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.4% |
现金转化率ABTCACGL
| Q4 25 | — | 1.13× | ||
| Q3 25 | -11.21× | 1.62× | ||
| Q2 25 | -0.26× | 0.91× | ||
| Q1 25 | — | 2.54× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | -0.00× | 1.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
