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Arch Capital Group（ACGL）与美国铁塔（AMT）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铁塔的1.7倍（$4.5B vs $2.7B），美国铁塔净利率更高（110.1% vs 23.2%，领先87.0%），过去两年美国铁塔的营收复合增速更高（3.7% vs 3.4%）
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。
美国铁塔是全球规模最大的房地产投资信托基金（REIT）之一，作为领先的独立多租户通信地产持有、运营及开发商，目前在全球范围内拥有约21.9万个通信站点，为全球通信产业提供可靠的基础设施支持。
ACGL vs AMT — 直观对比
营收规模更大
ACGL
是对方的1.7倍
$2.7B
净利率更高
AMT
高出87.0%
23.2%
两年增速更快
AMT
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.7B |
| 净利润 | $1.0B | $3.0B |
| 毛利率 | — | — |
| 营业利润率 | — | 45.3% |
| 净利率 | 23.2% | 110.1% |
| 营收同比 | -3.3% | — |
| 净利润同比 | 82.4% | — |
| 每股收益（稀释后） | $2.88 | — |
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ACGLAMT
| Q1 26 | $4.5B | $2.7B | ||
| Q4 25 | $4.9B | $2.7B | ||
| Q3 25 | $5.1B | $2.7B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $4.7B | $2.6B | ||
| Q4 24 | $4.5B | $2.5B | ||
| Q3 24 | $4.7B | $2.5B | ||
| Q2 24 | $4.2B | $2.5B |
净利润ACGLAMT
| Q1 26 | $1.0B | $3.0B | ||
| Q4 25 | $1.2B | $836.8M | ||
| Q3 25 | $1.4B | $912.6M | ||
| Q2 25 | $1.2B | $380.5M | ||
| Q1 25 | $574.0M | $498.6M | ||
| Q4 24 | $935.0M | $1.2B | ||
| Q3 24 | $988.0M | $-780.4M | ||
| Q2 24 | $1.3B | $908.4M |
营业利润率ACGLAMT
| Q1 26 | — | 45.3% | ||
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 45.4% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 48.9% | ||
| Q4 24 | — | 42.4% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 45.4% |
净利率ACGLAMT
| Q1 26 | 23.2% | 110.1% | ||
| Q4 25 | 25.1% | 30.6% | ||
| Q3 25 | 26.4% | 33.6% | ||
| Q2 25 | 23.7% | 14.5% | ||
| Q1 25 | 12.3% | 19.5% | ||
| Q4 24 | 20.6% | 48.3% | ||
| Q3 24 | 20.9% | -30.9% | ||
| Q2 24 | 30.0% | 35.7% |
每股收益（稀释后）ACGLAMT
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $1.76 | ||
| Q3 25 | $3.56 | $1.82 | ||
| Q2 25 | $3.23 | $0.78 | ||
| Q1 25 | $1.48 | $1.04 | ||
| Q4 24 | $2.41 | $2.63 | ||
| Q3 24 | $2.56 | $-1.69 | ||
| Q2 24 | $3.30 | $1.92 |
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 | $24.0M | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $10.2B |
| 总资产 | $81.4B | — |
| 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ACGLAMT
| Q1 26 | $24.0M | $1.6B | ||
| Q4 25 | $993.0M | $1.5B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $983.0M | $2.1B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $979.0M | $2.0B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $1.0B | $2.2B |
总债务ACGLAMT
| Q1 26 | — | — | ||
| Q4 25 | — | $33.8B | ||
| Q3 25 | — | $34.9B | ||
| Q2 25 | — | $35.2B | ||
| Q1 25 | — | $34.0B | ||
| Q4 24 | — | $32.8B | ||
| Q3 24 | — | $33.4B | ||
| Q2 24 | — | $35.6B |
股东权益ACGLAMT
| Q1 26 | $24.2B | $10.2B | ||
| Q4 25 | $24.2B | $3.7B | ||
| Q3 25 | $23.7B | $4.0B | ||
| Q2 25 | $23.0B | $3.7B | ||
| Q1 25 | $21.5B | $3.5B | ||
| Q4 24 | $20.8B | $3.4B | ||
| Q3 24 | $22.3B | $3.6B | ||
| Q2 24 | $20.7B | $3.9B |
总资产ACGLAMT
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $63.2B | ||
| Q3 25 | $79.2B | $63.9B | ||
| Q2 25 | $78.8B | $63.8B | ||
| Q1 25 | $75.2B | $62.1B | ||
| Q4 24 | $70.9B | $61.1B | ||
| Q3 24 | $73.7B | $62.8B | ||
| Q2 24 | $65.5B | $65.8B |
负债/权益比ACGLAMT
| Q1 26 | — | — | ||
| Q4 25 | — | 9.26× | ||
| Q3 25 | — | 8.82× | ||
| Q2 25 | — | 9.48× | ||
| Q1 25 | — | 9.63× | ||
| Q4 24 | — | 9.70× | ||
| Q3 24 | — | 9.16× | ||
| Q2 24 | — | 9.24× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $941.0M |
| 自由现金流率自由现金流/营收 | — | 34.4% |
| 资本支出强度资本支出/营收 | — | 16.8% |
| 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 | — | $6.7B |
8季度趋势，按日历期对齐
经营现金流ACGLAMT
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $5.5B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.6B | $5.3B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.5B | $1.3B |
自由现金流ACGLAMT
| Q1 26 | — | $941.0M | ||
| Q4 25 | $1.4B | $3.8B | ||
| Q3 25 | $2.2B | $994.5M | ||
| Q2 25 | $1.1B | $976.9M | ||
| Q1 25 | $1.4B | $963.9M | ||
| Q4 24 | $1.6B | $3.7B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $1.5B | $1.0B |
自由现金流率ACGLAMT
| Q1 26 | — | 34.4% | ||
| Q4 25 | 28.2% | 138.2% | ||
| Q3 25 | 42.6% | 36.6% | ||
| Q2 25 | 21.3% | 37.2% | ||
| Q1 25 | 31.0% | 37.6% | ||
| Q4 24 | 34.3% | 145.3% | ||
| Q3 24 | 42.5% | 41.4% | ||
| Q2 24 | 35.6% | 39.8% |
资本支出强度ACGLAMT
| Q1 26 | — | 16.8% | ||
| Q4 25 | 0.2% | 61.4% | ||
| Q3 25 | 0.2% | 17.1% | ||
| Q2 25 | 0.2% | 11.6% | ||
| Q1 25 | 0.2% | 12.9% | ||
| Q4 24 | 0.3% | 62.4% | ||
| Q3 24 | 0.3% | 16.8% | ||
| Q2 24 | 0.3% | 12.8% |
现金转化率ACGLAMT
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 6.53× | ||
| Q3 25 | 1.62× | 1.60× | ||
| Q2 25 | 0.91× | 3.37× | ||
| Q1 25 | 2.54× | 2.60× | ||
| Q4 24 | 1.68× | 4.30× | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | 1.47× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
