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Arch Capital Group（ACGL）与博思艾伦汉密尔顿（BAH）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是博思艾伦汉密尔顿的1.7倍（$4.5B vs $2.6B），Arch Capital Group净利率更高（23.2% vs 7.6%，领先15.5%），Arch Capital Group同比增速更快（-3.3% vs -10.2%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -2.8%）
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。
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
ACGL vs BAH — 直观对比
营收规模更大
ACGL
是对方的1.7倍
$2.6B
营收增速更快
ACGL
高出6.9%
-10.2%
净利率更高
ACGL
高出15.5%
7.6%
两年增速更快
ACGL
近两年复合增速
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.6B |
| 净利润 | $1.0B | $200.0M |
| 毛利率 | — | 51.9% |
| 营业利润率 | — | 8.8% |
| 净利率 | 23.2% | 7.6% |
| 营收同比 | -3.3% | -10.2% |
| 净利润同比 | 82.4% | 7.0% |
| 每股收益（稀释后） | $2.88 | $1.63 |
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ACGLBAH
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $2.6B | ||
| Q3 25 | $5.1B | $2.9B | ||
| Q2 25 | $5.2B | $2.9B | ||
| Q1 25 | $4.7B | $3.0B | ||
| Q4 24 | $4.5B | $2.9B | ||
| Q3 24 | $4.7B | $3.1B | ||
| Q2 24 | $4.2B | $2.9B |
净利润ACGLBAH
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $200.0M | ||
| Q3 25 | $1.4B | $175.0M | ||
| Q2 25 | $1.2B | $271.0M | ||
| Q1 25 | $574.0M | $192.7M | ||
| Q4 24 | $935.0M | $186.9M | ||
| Q3 24 | $988.0M | $390.1M | ||
| Q2 24 | $1.3B | $165.2M |
毛利率ACGLBAH
| Q1 26 | — | — | ||
| Q4 25 | — | 51.9% | ||
| Q3 25 | — | 53.6% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 55.2% | ||
| Q3 24 | — | 56.7% | ||
| Q2 24 | — | 53.4% |
营业利润率ACGLBAH
| Q1 26 | — | — | ||
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 17.4% | ||
| Q2 24 | — | 8.7% |
净利率ACGLBAH
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 7.6% | ||
| Q3 25 | 26.4% | 6.1% | ||
| Q2 25 | 23.7% | 9.3% | ||
| Q1 25 | 12.3% | 6.5% | ||
| Q4 24 | 20.6% | 6.4% | ||
| Q3 24 | 20.9% | 12.4% | ||
| Q2 24 | 30.0% | 5.6% |
每股收益（稀释后）ACGLBAH
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $1.63 | ||
| Q3 25 | $3.56 | $1.42 | ||
| Q2 25 | $3.23 | $2.16 | ||
| Q1 25 | $1.48 | $1.52 | ||
| Q4 24 | $2.41 | $1.45 | ||
| Q3 24 | $2.56 | $3.01 | ||
| Q2 24 | $3.30 | $1.27 |
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 | $882.0M |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $24.2B | $1.0B |
| 总资产 | $81.4B | $7.1B |
| 负债/权益比越低杠杆越低 | — | 3.84× |
8季度趋势，按日历期对齐
现金及短期投资ACGLBAH
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $882.0M | ||
| Q3 25 | $1.1B | $816.0M | ||
| Q2 25 | $983.0M | $711.0M | ||
| Q1 25 | $1.2B | $885.0M | ||
| Q4 24 | $979.0M | $453.5M | ||
| Q3 24 | $1.0B | $558.7M | ||
| Q2 24 | $1.0B | $297.7M |
总债务ACGLBAH
| Q1 26 | — | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
股东权益ACGLBAH
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $1.0B | ||
| Q3 25 | $23.7B | $996.0M | ||
| Q2 25 | $23.0B | $1.1B | ||
| Q1 25 | $21.5B | $1.0B | ||
| Q4 24 | $20.8B | $1.2B | ||
| Q3 24 | $22.3B | $1.2B | ||
| Q2 24 | $20.7B | $1.1B |
总资产ACGLBAH
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $7.1B | ||
| Q3 25 | $79.2B | $7.2B | ||
| Q2 25 | $78.8B | $7.2B | ||
| Q1 25 | $75.2B | $7.3B | ||
| Q4 24 | $70.9B | $6.8B | ||
| Q3 24 | $73.7B | $6.9B | ||
| Q2 24 | $65.5B | $6.6B |
负债/权益比ACGLBAH
| Q1 26 | — | — | ||
| Q4 25 | — | 3.84× | ||
| Q3 25 | — | 3.98× | ||
| Q2 25 | — | 3.74× | ||
| Q1 25 | — | 3.99× | ||
| Q4 24 | — | 2.79× | ||
| Q3 24 | — | 2.83× | ||
| Q2 24 | — | 3.14× |
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 | $261.0M |
| 自由现金流经营现金流 - 资本支出 | — | $248.0M |
| 自由现金流率自由现金流/营收 | — | 9.5% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.30× |
| 过去12个月自由现金流最近4个季度 | — | $933.4M |
8季度趋势，按日历期对齐
经营现金流ACGLBAH
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $261.0M | ||
| Q3 25 | $2.2B | $421.0M | ||
| Q2 25 | $1.1B | $119.0M | ||
| Q1 25 | $1.5B | $219.0M | ||
| Q4 24 | $1.6B | $150.8M | ||
| Q3 24 | $2.0B | $587.1M | ||
| Q2 24 | $1.5B | $52.1M |
自由现金流ACGLBAH
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $248.0M | ||
| Q3 25 | $2.2B | $395.0M | ||
| Q2 25 | $1.1B | $96.0M | ||
| Q1 25 | $1.4B | $194.4M | ||
| Q4 24 | $1.6B | $133.6M | ||
| Q3 24 | $2.0B | $563.3M | ||
| Q2 24 | $1.5B | $19.7M |
自由现金流率ACGLBAH
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 9.5% | ||
| Q3 25 | 42.6% | 13.7% | ||
| Q2 25 | 21.3% | 3.3% | ||
| Q1 25 | 31.0% | 6.5% | ||
| Q4 24 | 34.3% | 4.6% | ||
| Q3 24 | 42.5% | 17.9% | ||
| Q2 24 | 35.6% | 0.7% |
资本支出强度ACGLBAH
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.5% | ||
| Q3 25 | 0.2% | 0.9% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.3% | 0.6% | ||
| Q3 24 | 0.3% | 0.8% | ||
| Q2 24 | 0.3% | 1.1% |
现金转化率ACGLBAH
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.30× | ||
| Q3 25 | 1.62× | 2.41× | ||
| Q2 25 | 0.91× | 0.44× | ||
| Q1 25 | 2.54× | 1.14× | ||
| Q4 24 | 1.68× | 0.81× | ||
| Q3 24 | 2.04× | 1.50× | ||
| Q2 24 | 1.20× | 0.32× |
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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
