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Arch Capital Group（ACGL）与AXIS CAPITAL HOLDINGS LTD（AXS）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AXIS CAPITAL HOLDINGS LTD的2.8倍（$4.9B vs $1.7B）。Arch Capital Group净利率更高（25.1% vs 16.7%，领先8.4%）。AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs 8.5%）。过去两年Arch Capital Group的营收复合增速更高（11.9% vs 10.3%）
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。
AXIS资本控股有限公司是AXIS集团的控股主体，通过百慕大、美国、加拿大、欧洲及新加坡的子公司与分支机构网络，提供各类风险转移产品及服务。保险业务覆盖财产、职业责任、恐怖主义、航运、能源、环境等领域，再保险业务包含财产、职业责任、信用债券等品类。
ACGL vs AXS — 直观对比
营收规模更大
ACGL
是对方的2.8倍
$1.7B
营收增速更快
AXS
高出9.4%
8.5%
净利率更高
ACGL
高出8.4%
16.7%
两年增速更快
ACGL
近两年复合增速
10.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $1.7B |
| 净利润 | $1.2B | $289.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 19.0% |
| 净利率 | 25.1% | 16.7% |
| 营收同比 | 8.5% | 17.8% |
| 净利润同比 | 32.4% | -1.4% |
| 每股收益（稀释后） | $3.33 | $3.63 |
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ACGLAXS
| Q4 25 | $4.9B | $1.7B | ||
| Q3 25 | $5.1B | $1.7B | ||
| Q2 25 | $5.2B | $1.6B | ||
| Q1 25 | $4.7B | $1.5B | ||
| Q4 24 | $4.5B | $1.5B | ||
| Q3 24 | $4.7B | $1.6B | ||
| Q2 24 | $4.2B | $1.5B | ||
| Q1 24 | $3.9B | $1.4B |
净利润ACGLAXS
| Q4 25 | $1.2B | $289.6M | ||
| Q3 25 | $1.4B | $301.9M | ||
| Q2 25 | $1.2B | $223.4M | ||
| Q1 25 | $574.0M | $194.1M | ||
| Q4 24 | $935.0M | $293.6M | ||
| Q3 24 | $988.0M | $180.7M | ||
| Q2 24 | $1.3B | $212.0M | ||
| Q1 24 | $1.1B | $395.5M |
营业利润率ACGLAXS
| Q4 25 | — | 19.0% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 19.0% |
净利率ACGLAXS
| Q4 25 | 25.1% | 16.7% | ||
| Q3 25 | 26.4% | 18.0% | ||
| Q2 25 | 23.7% | 13.7% | ||
| Q1 25 | 12.3% | 12.8% | ||
| Q4 24 | 20.6% | 20.0% | ||
| Q3 24 | 20.9% | 11.2% | ||
| Q2 24 | 30.0% | 14.6% | ||
| Q1 24 | 28.4% | 27.8% |
每股收益（稀释后）ACGLAXS
| Q4 25 | $3.33 | $3.63 | ||
| Q3 25 | $3.56 | $3.74 | ||
| Q2 25 | $3.23 | $2.72 | ||
| Q1 25 | $1.48 | $2.26 | ||
| Q4 24 | $2.41 | $3.38 | ||
| Q3 24 | $2.56 | $2.04 | ||
| Q2 24 | $3.30 | $2.40 | ||
| Q1 24 | $2.92 | $4.53 |
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 | $820.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $6.4B |
| 总资产 | $79.2B | $34.5B |
| 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ACGLAXS
| Q4 25 | $993.0M | $820.3M | ||
| Q3 25 | $1.1B | $825.9M | ||
| Q2 25 | $983.0M | $852.1M | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $979.0M | $2.1B | ||
| Q3 24 | $1.0B | $981.0M | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $993.0M | $1.1B |
股东权益ACGLAXS
| Q4 25 | $24.2B | $6.4B | ||
| Q3 25 | $23.7B | $6.4B | ||
| Q2 25 | $23.0B | $6.2B | ||
| Q1 25 | $21.5B | $5.9B | ||
| Q4 24 | $20.8B | $6.1B | ||
| Q3 24 | $22.3B | $6.1B | ||
| Q2 24 | $20.7B | $5.7B | ||
| Q1 24 | $19.4B | $5.5B |
总资产ACGLAXS
| Q4 25 | $79.2B | $34.5B | ||
| Q3 25 | $79.2B | $34.3B | ||
| Q2 25 | $78.8B | $34.2B | ||
| Q1 25 | $75.2B | $33.2B | ||
| Q4 24 | $70.9B | $32.5B | ||
| Q3 24 | $73.7B | $32.7B | ||
| Q2 24 | $65.5B | $32.1B | ||
| Q1 24 | $62.8B | $31.8B |
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 | $630.4M |
| 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× | 2.18× |
| 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ACGLAXS
| Q4 25 | $1.4B | $630.4M | ||
| Q3 25 | $2.2B | $673.8M | ||
| Q2 25 | $1.1B | $-1.7B | ||
| Q1 25 | $1.5B | $309.1M | ||
| Q4 24 | $1.6B | $355.5M | ||
| Q3 24 | $2.0B | $587.0M | ||
| Q2 24 | $1.5B | $518.1M | ||
| Q1 24 | $1.6B | $384.1M |
自由现金流ACGLAXS
| 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ACGLAXS
| 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ACGLAXS
| 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ACGLAXS
| Q4 25 | 1.13× | 2.18× | ||
| Q3 25 | 1.62× | 2.23× | ||
| Q2 25 | 0.91× | -7.41× | ||
| Q1 25 | 2.54× | 1.59× | ||
| Q4 24 | 1.68× | 1.21× | ||
| Q3 24 | 2.04× | 3.25× | ||
| Q2 24 | 1.20× | 2.44× | ||
| Q1 24 | 1.40× | 0.97× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
