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Arch Capital Group（ACGL）与艾地盟（ADM）财务数据对比。点击上方公司名可切换其他公司
艾地盟的季度营收约是Arch Capital Group的1.3倍（$6.1B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 7.5%，领先15.6%），艾地盟同比增速更快（123.5% vs -3.3%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -47.4%）
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。
艾地盟（ADM）是美国跨国食品加工与大宗商品贸易企业，1902年成立，总部位于伊利诺伊州芝加哥。集团在全球布局270多家加工厂及420多个农作物采购站点，将谷物、油籽加工为食品、饮料、营养保健、工业生产及动物饲料领域的各类产品，供应全球市场。
ACGL vs ADM — 直观对比
营收规模更大
ADM
是对方的1.3倍
$4.5B
营收增速更快
ADM
高出126.8%
-3.3%
净利率更高
ACGL
高出15.6%
7.5%
两年增速更快
ACGL
近两年复合增速
-47.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.1B |
| 净利润 | $1.0B | $456.0M |
| 毛利率 | — | 20.0% |
| 营业利润率 | — | 7.9% |
| 净利率 | 23.2% | 7.5% |
| 营收同比 | -3.3% | 123.5% |
| 净利润同比 | 82.4% | -19.6% |
| 每股收益（稀释后） | $2.88 | $0.95 |
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ACGLADM
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $6.1B | ||
| Q3 25 | $5.1B | $6.4B | ||
| Q2 25 | $5.2B | $6.3B | ||
| Q1 25 | $4.7B | $6.1B | ||
| Q4 24 | $4.5B | $-25.7B | ||
| Q3 24 | $4.7B | $6.0B | ||
| Q2 24 | $4.2B | $22.2B |
净利润ACGLADM
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $456.0M | ||
| Q3 25 | $1.4B | $108.0M | ||
| Q2 25 | $1.2B | $219.0M | ||
| Q1 25 | $574.0M | $295.0M | ||
| Q4 24 | $935.0M | $567.0M | ||
| Q3 24 | $988.0M | $18.0M | ||
| Q2 24 | $1.3B | $486.0M |
毛利率ACGLADM
| Q1 26 | — | — | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 19.8% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 22.8% | ||
| Q2 24 | — | 6.3% |
营业利润率ACGLADM
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.7% |
净利率ACGLADM
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 7.5% | ||
| Q3 25 | 26.4% | 1.7% | ||
| Q2 25 | 23.7% | 3.5% | ||
| Q1 25 | 12.3% | 4.8% | ||
| Q4 24 | 20.6% | -2.2% | ||
| Q3 24 | 20.9% | 0.3% | ||
| Q2 24 | 30.0% | 2.2% |
每股收益（稀释后）ACGLADM
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $0.95 | ||
| Q3 25 | $3.56 | $0.22 | ||
| Q2 25 | $3.23 | $0.45 | ||
| Q1 25 | $1.48 | $0.61 | ||
| Q4 24 | $2.41 | $1.21 | ||
| Q3 24 | $2.56 | $0.04 | ||
| Q2 24 | $3.30 | $0.98 |
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 | $24.0M | $1.0B |
| 总债务越低越好 | — | $7.6B |
| 股东权益账面价值 | $24.2B | $22.7B |
| 总资产 | $81.4B | $52.4B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资ACGLADM
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $1.0B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $983.0M | $1.1B | ||
| Q1 25 | $1.2B | $864.0M | ||
| Q4 24 | $979.0M | $611.0M | ||
| Q3 24 | $1.0B | $784.0M | ||
| Q2 24 | $1.0B | $764.0M |
总债务ACGLADM
| Q1 26 | — | — | ||
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | — |
股东权益ACGLADM
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $22.7B | ||
| Q3 25 | $23.7B | $22.5B | ||
| Q2 25 | $23.0B | $22.4B | ||
| Q1 25 | $21.5B | $22.1B | ||
| Q4 24 | $20.8B | $22.2B | ||
| Q3 24 | $22.3B | $22.0B | ||
| Q2 24 | $20.7B | $22.2B |
总资产ACGLADM
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $52.4B | ||
| Q3 25 | $79.2B | $51.9B | ||
| Q2 25 | $78.8B | $52.0B | ||
| Q1 25 | $75.2B | $53.4B | ||
| Q4 24 | $70.9B | $53.3B | ||
| Q3 24 | $73.7B | $52.2B | ||
| Q2 24 | $65.5B | $52.7B |
负债/权益比ACGLADM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | 0.35× | ||
| Q2 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 | $1.2B | $-313.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-669.0M |
| 自由现金流率自由现金流/营收 | — | -11.1% |
| 资本支出强度资本支出/营收 | — | 5.9% |
| 现金转化率经营现金流/净利润 | 1.13× | -0.69× |
| 过去12个月自由现金流最近4个季度 | — | $4.2B |
8季度趋势，按日历期对齐
经营现金流ACGLADM
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $-313.0M | ||
| Q3 25 | $2.2B | $1.8B | ||
| Q2 25 | $1.1B | $4.3B | ||
| Q1 25 | $1.5B | $-342.0M | ||
| Q4 24 | $1.6B | $322.0M | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.5B | $468.0M |
自由现金流ACGLADM
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-669.0M | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.1B | $4.0B | ||
| Q1 25 | $1.4B | $-633.0M | ||
| Q4 24 | $1.6B | $-170.0M | ||
| Q3 24 | $2.0B | $919.0M | ||
| Q2 24 | $1.5B | $106.0M |
自由现金流率ACGLADM
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -11.1% | ||
| Q3 25 | 42.6% | 23.6% | ||
| Q2 25 | 21.3% | 63.0% | ||
| Q1 25 | 31.0% | -10.3% | ||
| Q4 24 | 34.3% | 0.7% | ||
| Q3 24 | 42.5% | 15.3% | ||
| Q2 24 | 35.6% | 0.5% |
资本支出强度ACGLADM
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 5.9% | ||
| Q3 25 | 0.2% | 4.6% | ||
| Q2 25 | 0.2% | 4.8% | ||
| Q1 25 | 0.2% | 4.7% | ||
| Q4 24 | 0.3% | -1.9% | ||
| Q3 24 | 0.3% | 6.4% | ||
| Q2 24 | 0.3% | 1.6% |
现金转化率ACGLADM
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | -0.69× | ||
| Q3 25 | 1.62× | 16.75× | ||
| Q2 25 | 0.91× | 19.63× | ||
| Q1 25 | 2.54× | -1.16× | ||
| Q4 24 | 1.68× | 0.57× | ||
| Q3 24 | 2.04× | 72.22× | ||
| Q2 24 | 1.20× | 0.96× |
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
ACGL
暂无分部数据
ADM
| Starchesandsweeteners | $1.4B | 23% |
| Ag Services | $1.1B | 18% |
| Human Nutrition | $961.0M | 16% |
| Refined Productsand Other | $924.0M | 15% |
| Animal Nutrition | $825.0M | 14% |
| Vantage Corn Processors | $700.0M | 12% |
| Transferred Over Time | $176.0M | 3% |
| Crushing | $59.0M | 1% |
