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Arch Capital Group（ACGL）与美国国际集团（AII）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是美国国际集团的72.5倍（$4.9B vs $68.1M）。美国国际集团净利率更高（30.7% vs 25.1%，领先5.6%）。Arch Capital Group自由现金流更多（$1.4B vs $50.2M）
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。
美国国际集团（AIG）是一家美国跨国金融保险集团，业务遍及全球80多个国家和地区，截至2023年共有雇员25200人。集团核心业务分为三大板块：一般保险、人寿与退休服务，另设有一家独立的科技赋能子公司。
ACGL vs AII — 直观对比
营收规模更大
ACGL
是对方的72.5倍
$68.1M
净利率更高
AII
高出5.6%
25.1%
自由现金流更多
ACGL
多$1.3B
$50.2M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $68.1M |
| 净利润 | $1.2B | $20.9M |
| 毛利率 | — | — |
| 营业利润率 | — | 43.0% |
| 净利率 | 25.1% | 30.7% |
| 营收同比 | 8.5% | — |
| 净利润同比 | 32.4% | — |
| 每股收益（稀释后） | $3.33 | $0.58 |
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ACGLAII
| Q4 25 | $4.9B | $68.1M | ||
| Q3 25 | $5.1B | $62.0M | ||
| Q2 25 | $5.2B | $74.5M | ||
| Q1 25 | $4.7B | $71.9M | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
净利润ACGLAII
| Q4 25 | $1.2B | $20.9M | ||
| Q3 25 | $1.4B | $13.2M | ||
| Q2 25 | $1.2B | $27.5M | ||
| Q1 25 | $574.0M | $38.1M | ||
| Q4 24 | $935.0M | — | ||
| Q3 24 | $988.0M | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.1B | — |
营业利润率ACGLAII
| Q4 25 | — | 43.0% | ||
| Q3 25 | — | 30.3% | ||
| Q2 25 | — | 32.3% | ||
| Q1 25 | — | 59.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
净利率ACGLAII
| Q4 25 | 25.1% | 30.7% | ||
| Q3 25 | 26.4% | 21.2% | ||
| Q2 25 | 23.7% | 36.9% | ||
| Q1 25 | 12.3% | 53.0% | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 20.9% | — | ||
| Q2 24 | 30.0% | — | ||
| Q1 24 | 28.4% | — |
每股收益（稀释后）ACGLAII
| Q4 25 | $3.33 | $0.58 | ||
| Q3 25 | $3.56 | $0.67 | ||
| Q2 25 | $3.23 | $1.62 | ||
| Q1 25 | $1.48 | $2.78 | ||
| 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 | $222.0M |
| 总债务越低越好 | — | $618.0K |
| 股东权益账面价值 | $24.2B | $337.0M |
| 总资产 | $79.2B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ACGLAII
| Q4 25 | $993.0M | $222.0M | ||
| Q3 25 | $1.1B | $171.9M | ||
| Q2 25 | $983.0M | $259.6M | ||
| Q1 25 | $1.2B | $236.4M | ||
| Q4 24 | $979.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $993.0M | — |
总债务ACGLAII
| Q4 25 | — | $618.0K | ||
| Q3 25 | — | $721.0K | ||
| Q2 25 | — | $824.0K | ||
| Q1 25 | — | $926.0K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACGLAII
| Q4 25 | $24.2B | $337.0M | ||
| Q3 25 | $23.7B | $315.9M | ||
| Q2 25 | $23.0B | $301.9M | ||
| Q1 25 | $21.5B | $186.1M | ||
| Q4 24 | $20.8B | — | ||
| Q3 24 | $22.3B | — | ||
| Q2 24 | $20.7B | — | ||
| Q1 24 | $19.4B | — |
总资产ACGLAII
| Q4 25 | $79.2B | $1.2B | ||
| Q3 25 | $79.2B | $1.4B | ||
| Q2 25 | $78.8B | $1.6B | ||
| Q1 25 | $75.2B | $1.1B | ||
| Q4 24 | $70.9B | — | ||
| Q3 24 | $73.7B | — | ||
| Q2 24 | $65.5B | — | ||
| Q1 24 | $62.8B | — |
负债/权益比ACGLAII
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | — | ||
| 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 | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $50.2M |
| 自由现金流率自由现金流/营收 | 28.2% | 73.7% |
| 资本支出强度资本支出/营收 | 0.2% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.41× |
| 过去12个月自由现金流最近4个季度 | $6.1B | $133.1M |
8季度趋势，按日历期对齐
经营现金流ACGLAII
| Q4 25 | $1.4B | $50.2M | ||
| Q3 25 | $2.2B | $-7.5M | ||
| Q2 25 | $1.1B | $27.4M | ||
| Q1 25 | $1.5B | $68.1M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
自由现金流ACGLAII
| Q4 25 | $1.4B | $50.2M | ||
| Q3 25 | $2.2B | $-11.9M | ||
| Q2 25 | $1.1B | $26.9M | ||
| Q1 25 | $1.4B | $68.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
自由现金流率ACGLAII
| Q4 25 | 28.2% | 73.7% | ||
| Q3 25 | 42.6% | -19.2% | ||
| Q2 25 | 21.3% | 36.1% | ||
| Q1 25 | 31.0% | 94.6% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 42.5% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 39.3% | — |
资本支出强度ACGLAII
| Q4 25 | 0.2% | 0.0% | ||
| Q3 25 | 0.2% | 7.2% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.4% | — |
现金转化率ACGLAII
| Q4 25 | 1.13× | 2.41× | ||
| Q3 25 | 1.62× | -0.57× | ||
| Q2 25 | 0.91× | 1.00× | ||
| Q1 25 | 2.54× | 1.79× | ||
| 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
