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Arch Capital Group（ACGL）与Ares Commercial Real Estate Corp（ACRE）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Ares Commercial Real Estate Corp的373.4倍（$4.9B vs $13.2M）。Arch Capital Group净利率更高（25.1% vs -29.2%，领先54.3%）。Arch Capital Group同比增速更快（8.5% vs -24.5%）。过去两年Arch Capital Group的营收复合增速更高（11.9% vs -15.9%）
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。
Ares Commercial Real Estate Corp是隶属于阿瑞斯管理集团的专业金融企业，专注于商业地产领域，提供优先抵押贷款、次级债务、优先股投资等各类定制化融资解决方案，主要服务覆盖美国全境的中型商业地产所有者及运营主体。
ACGL vs ACRE — 直观对比
营收规模更大
ACGL
是对方的373.4倍
$13.2M
营收增速更快
ACGL
高出33.0%
-24.5%
净利率更高
ACGL
高出54.3%
-29.2%
两年增速更快
ACGL
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $13.2M |
| 净利润 | $1.2B | $-3.9M |
| 毛利率 | — | — |
| 营业利润率 | — | -29.2% |
| 净利率 | 25.1% | -29.2% |
| 营收同比 | 8.5% | -24.5% |
| 净利润同比 | 32.4% | 63.8% |
| 每股收益（稀释后） | $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ACGLACRE
| Q4 25 | $4.9B | $13.2M | ||
| Q3 25 | $5.1B | $14.1M | ||
| Q2 25 | $5.2B | $12.6M | ||
| Q1 25 | $4.7B | $14.9M | ||
| Q4 24 | $4.5B | $17.5M | ||
| Q3 24 | $4.7B | $16.7M | ||
| Q2 24 | $4.2B | $16.8M | ||
| Q1 24 | $3.9B | $18.7M |
净利润ACGLACRE
| Q4 25 | $1.2B | $-3.9M | ||
| Q3 25 | $1.4B | $4.7M | ||
| Q2 25 | $1.2B | $-11.0M | ||
| Q1 25 | $574.0M | $9.3M | ||
| Q4 24 | $935.0M | $-10.7M | ||
| Q3 24 | $988.0M | $-5.9M | ||
| Q2 24 | $1.3B | $-6.1M | ||
| Q1 24 | $1.1B | $-12.3M |
营业利润率ACGLACRE
| Q4 25 | — | -29.2% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | -87.8% | ||
| Q1 25 | — | 64.4% | ||
| Q4 24 | — | -61.0% | ||
| Q3 24 | — | -35.3% | ||
| Q2 24 | — | -36.5% | ||
| Q1 24 | — | -65.9% |
净利率ACGLACRE
| Q4 25 | 25.1% | -29.2% | ||
| Q3 25 | 26.4% | 33.0% | ||
| Q2 25 | 23.7% | -87.8% | ||
| Q1 25 | 12.3% | 62.5% | ||
| Q4 24 | 20.6% | -60.9% | ||
| Q3 24 | 20.9% | -35.3% | ||
| Q2 24 | 30.0% | -36.5% | ||
| Q1 24 | 28.4% | -65.9% |
每股收益（稀释后）ACGLACRE
| Q4 25 | $3.33 | — | ||
| Q3 25 | $3.56 | — | ||
| Q2 25 | $3.23 | — | ||
| Q1 25 | $1.48 | — | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $2.56 | — | ||
| Q2 24 | $3.30 | — | ||
| Q1 24 | $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 | $29.3M |
| 总债务越低越好 | — | $948.2M |
| 股东权益账面价值 | $24.2B | $509.6M |
| 总资产 | $79.2B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 1.86× |
8季度趋势，按日历期对齐
现金及短期投资ACGLACRE
| Q4 25 | $993.0M | $29.3M | ||
| Q3 25 | $1.1B | $84.9M | ||
| Q2 25 | $983.0M | $90.0M | ||
| Q1 25 | $1.2B | $125.5M | ||
| Q4 24 | $979.0M | $63.8M | ||
| Q3 24 | $1.0B | $68.9M | ||
| Q2 24 | $1.0B | $70.6M | ||
| Q1 24 | $993.0M | $99.5M |
总债务ACGLACRE
| Q4 25 | — | $948.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $718.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACGLACRE
| Q4 25 | $24.2B | $509.6M | ||
| Q3 25 | $23.7B | $521.0M | ||
| Q2 25 | $23.0B | $523.7M | ||
| Q1 25 | $21.5B | $542.1M | ||
| Q4 24 | $20.8B | $540.1M | ||
| Q3 24 | $22.3B | $563.8M | ||
| Q2 24 | $20.7B | $582.3M | ||
| Q1 24 | $19.4B | $601.1M |
总资产ACGLACRE
| Q4 25 | $79.2B | $1.6B | ||
| Q3 25 | $79.2B | $1.4B | ||
| Q2 25 | $78.8B | $1.4B | ||
| Q1 25 | $75.2B | $1.5B | ||
| Q4 24 | $70.9B | $1.8B | ||
| Q3 24 | $73.7B | $1.9B | ||
| Q2 24 | $65.5B | $2.1B | ||
| Q1 24 | $62.8B | $2.1B |
负债/权益比ACGLACRE
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.4B | $4.6M |
| 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ACGLACRE
| Q4 25 | $1.4B | $4.6M | ||
| Q3 25 | $2.2B | $3.8M | ||
| Q2 25 | $1.1B | $4.9M | ||
| Q1 25 | $1.5B | $8.0M | ||
| Q4 24 | $1.6B | $7.1M | ||
| Q3 24 | $2.0B | $8.4M | ||
| Q2 24 | $1.5B | $8.7M | ||
| Q1 24 | $1.6B | $11.4M |
自由现金流ACGLACRE
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
自由现金流率ACGLACRE
| Q4 25 | 28.2% | — | ||
| Q3 25 | 42.6% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 31.0% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 42.5% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 39.3% | — |
资本支出强度ACGLACRE
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.4% | — |
现金转化率ACGLACRE
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.62× | 0.82× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 2.54× | 0.86× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 1.40× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
