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Arch Capital Group（ACGL）与空气化工产品公司（APD）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是空气化工产品公司的1.5倍（$4.5B vs $3.1B），Arch Capital Group净利率更高（23.2% vs 21.9%，领先1.3%），空气化工产品公司同比增速更快（5.8% vs -3.3%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs 2.9%）
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。
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
ACGL vs APD — 直观对比
营收规模更大
ACGL
是对方的1.5倍
$3.1B
营收增速更快
APD
高出9.1%
-3.3%
净利率更高
ACGL
高出1.3%
21.9%
两年增速更快
ACGL
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $3.1B |
| 净利润 | $1.0B | $678.2M |
| 毛利率 | — | 32.1% |
| 营业利润率 | — | 23.7% |
| 净利率 | 23.2% | 21.9% |
| 营收同比 | -3.3% | 5.8% |
| 净利润同比 | 82.4% | 9.8% |
| 每股收益（稀释后） | $2.88 | $3.04 |
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ACGLAPD
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $5.1B | $3.2B | ||
| Q2 25 | $5.2B | $3.0B | ||
| Q1 25 | $4.7B | $2.9B | ||
| Q4 24 | $4.5B | $2.9B | ||
| Q3 24 | $4.7B | $3.2B | ||
| Q2 24 | $4.2B | $3.0B |
净利润ACGLAPD
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $678.2M | ||
| Q3 25 | $1.4B | $4.9M | ||
| Q2 25 | $1.2B | $713.8M | ||
| Q1 25 | $574.0M | $-1.7B | ||
| Q4 24 | $935.0M | $617.4M | ||
| Q3 24 | $988.0M | $1.9B | ||
| Q2 24 | $1.3B | $696.6M |
毛利率ACGLAPD
| Q1 26 | — | — | ||
| Q4 25 | — | 32.1% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 32.5% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | — | 31.2% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 32.8% |
营业利润率ACGLAPD
| Q1 26 | — | — | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | -79.8% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 76.1% | ||
| Q2 24 | — | 24.7% |
净利率ACGLAPD
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 21.9% | ||
| Q3 25 | 26.4% | 0.2% | ||
| Q2 25 | 23.7% | 23.6% | ||
| Q1 25 | 12.3% | -59.3% | ||
| Q4 24 | 20.6% | 21.1% | ||
| Q3 24 | 20.9% | 61.2% | ||
| Q2 24 | 30.0% | 23.3% |
每股收益（稀释后）ACGLAPD
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $3.04 | ||
| Q3 25 | $3.56 | $0.03 | ||
| Q2 25 | $3.23 | $3.20 | ||
| Q1 25 | $1.48 | $-7.77 | ||
| Q4 24 | $2.41 | $2.77 | ||
| Q3 24 | $2.56 | $8.75 | ||
| Q2 24 | $3.30 | $3.13 |
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 | — | — |
| 股东权益账面价值 | $24.2B | $15.4B |
| 总资产 | $81.4B | $41.2B |
| 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ACGLAPD
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $1.0B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $983.0M | $2.3B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $979.0M | $2.0B | ||
| Q3 24 | $1.0B | $3.0B | ||
| Q2 24 | $1.0B | $2.4B |
股东权益ACGLAPD
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $15.4B | ||
| Q3 25 | $23.7B | $15.0B | ||
| Q2 25 | $23.0B | $15.5B | ||
| Q1 25 | $21.5B | $14.7B | ||
| Q4 24 | $20.8B | $16.7B | ||
| Q3 24 | $22.3B | $17.0B | ||
| Q2 24 | $20.7B | $15.1B |
总资产ACGLAPD
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $41.2B | ||
| Q3 25 | $79.2B | $41.1B | ||
| Q2 25 | $78.8B | $41.7B | ||
| Q1 25 | $75.2B | $38.9B | ||
| Q4 24 | $70.9B | $40.0B | ||
| Q3 24 | $73.7B | $39.6B | ||
| Q2 24 | $65.5B | $37.0B |
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 | $900.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-350.5M |
| 自由现金流率自由现金流/营收 | — | -11.3% |
| 资本支出强度资本支出/营收 | — | 40.3% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.33× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACGLAPD
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $900.7M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.1B | $855.8M | ||
| Q1 25 | $1.5B | $328.1M | ||
| Q4 24 | $1.6B | $811.7M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | $1.3B |
自由现金流ACGLAPD
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-350.5M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.1B | $-640.0M | ||
| Q1 25 | $1.4B | $-1.6B | ||
| Q4 24 | $1.6B | $-1.3B | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | $-345.2M |
自由现金流率ACGLAPD
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -11.3% | ||
| Q3 25 | 42.6% | — | ||
| Q2 25 | 21.3% | -21.2% | ||
| Q1 25 | 31.0% | -53.6% | ||
| Q4 24 | 34.3% | -44.5% | ||
| Q3 24 | 42.5% | — | ||
| Q2 24 | 35.6% | -11.6% |
资本支出强度ACGLAPD
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 40.3% | ||
| Q3 25 | 0.2% | 47.9% | ||
| Q2 25 | 0.2% | 49.5% | ||
| Q1 25 | 0.2% | 64.9% | ||
| Q4 24 | 0.3% | 72.2% | ||
| Q3 24 | 0.3% | 65.1% | ||
| Q2 24 | 0.3% | 53.8% |
现金转化率ACGLAPD
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.33× | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.91× | 1.20× | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | 1.68× | 1.31× | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | 1.81× |
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
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
