vs
Arch Capital Group（ACGL）与CNO Financial Group, Inc.（CNO）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CNO Financial Group, Inc.的4.3倍（$4.9B vs $1.1B）。Arch Capital Group净利率更高（25.1% vs 8.8%，领先16.3%）。Arch Capital Group同比增速更快（8.5% vs 4.2%）。过去两年Arch Capital Group的营收复合增速更高（11.9% vs -0.6%）
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。
CNO金融集团是总部位于美国印第安纳州卡梅尔的金融服务控股公司，前身为康塞科公司。集团旗下保险子公司为美国超400万客户提供人寿保险、年金和补充健康保险产品，通过独立代理人、专属代理人，以及电视广告、直邮等直销触达用户。
ACGL vs CNO — 直观对比
营收规模更大
ACGL
是对方的4.3倍
$1.1B
营收增速更快
ACGL
高出4.3%
4.2%
净利率更高
ACGL
高出16.3%
8.8%
两年增速更快
ACGL
近两年复合增速
-0.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $1.1B |
| 净利润 | $1.2B | $100.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 15.2% |
| 净利率 | 25.1% | 8.8% |
| 营收同比 | 8.5% | 4.2% |
| 净利润同比 | 32.4% | -39.4% |
| 每股收益（稀释后） | $3.33 | $1.02 |
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ACGLCNO
| Q4 25 | $4.9B | $1.1B | ||
| Q3 25 | $5.1B | $1.2B | ||
| Q2 25 | $5.2B | $1.2B | ||
| Q1 25 | $4.7B | $1.0B | ||
| Q4 24 | $4.5B | $1.1B | ||
| Q3 24 | $4.7B | $1.1B | ||
| Q2 24 | $4.2B | $1.1B | ||
| Q1 24 | $3.9B | $1.2B |
净利润ACGLCNO
| Q4 25 | $1.2B | $100.7M | ||
| Q3 25 | $1.4B | $23.1M | ||
| Q2 25 | $1.2B | $91.8M | ||
| Q1 25 | $574.0M | $13.7M | ||
| Q4 24 | $935.0M | $166.1M | ||
| Q3 24 | $988.0M | $9.3M | ||
| Q2 24 | $1.3B | $116.3M | ||
| Q1 24 | $1.1B | $112.3M |
营业利润率ACGLCNO
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 6.5% |
净利率ACGLCNO
| Q4 25 | 25.1% | 8.8% | ||
| Q3 25 | 26.4% | 1.9% | ||
| Q2 25 | 23.7% | 8.0% | ||
| Q1 25 | 12.3% | 1.4% | ||
| Q4 24 | 20.6% | 15.1% | ||
| Q3 24 | 20.9% | 0.8% | ||
| Q2 24 | 30.0% | 10.9% | ||
| Q1 24 | 28.4% | 9.7% |
每股收益（稀释后）ACGLCNO
| Q4 25 | $3.33 | $1.02 | ||
| Q3 25 | $3.56 | $0.24 | ||
| Q2 25 | $3.23 | $0.91 | ||
| Q1 25 | $1.48 | $0.13 | ||
| Q4 24 | $2.41 | $1.58 | ||
| Q3 24 | $2.56 | $0.09 | ||
| Q2 24 | $3.30 | $1.06 | ||
| Q1 24 | $2.92 | $1.01 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $2.6B |
| 总资产 | $79.2B | $38.8B |
| 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ACGLCNO
| Q4 25 | $993.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $983.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $979.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $993.0M | — |
股东权益ACGLCNO
| Q4 25 | $24.2B | $2.6B | ||
| Q3 25 | $23.7B | $2.6B | ||
| Q2 25 | $23.0B | $2.5B | ||
| Q1 25 | $21.5B | $2.5B | ||
| Q4 24 | $20.8B | $2.5B | ||
| Q3 24 | $22.3B | $2.7B | ||
| Q2 24 | $20.7B | $2.4B | ||
| Q1 24 | $19.4B | $2.4B |
总资产ACGLCNO
| Q4 25 | $79.2B | $38.8B | ||
| Q3 25 | $79.2B | $38.3B | ||
| Q2 25 | $78.8B | $37.3B | ||
| Q1 25 | $75.2B | $37.4B | ||
| Q4 24 | $70.9B | $37.9B | ||
| Q3 24 | $73.7B | $37.6B | ||
| Q2 24 | $65.5B | $36.3B | ||
| Q1 24 | $62.8B | $34.9B |
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 | $195.7M |
| 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× | 1.94× |
| 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ACGLCNO
| Q4 25 | $1.4B | $195.7M | ||
| Q3 25 | $2.2B | $197.8M | ||
| Q2 25 | $1.1B | $145.5M | ||
| Q1 25 | $1.5B | $136.7M | ||
| Q4 24 | $1.6B | $191.0M | ||
| Q3 24 | $2.0B | $231.2M | ||
| Q2 24 | $1.5B | $110.9M | ||
| Q1 24 | $1.6B | $94.6M |
自由现金流ACGLCNO
| 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ACGLCNO
| 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ACGLCNO
| 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ACGLCNO
| Q4 25 | 1.13× | 1.94× | ||
| Q3 25 | 1.62× | 8.56× | ||
| Q2 25 | 0.91× | 1.58× | ||
| Q1 25 | 2.54× | 9.98× | ||
| Q4 24 | 1.68× | 1.15× | ||
| Q3 24 | 2.04× | 24.86× | ||
| Q2 24 | 1.20× | 0.95× | ||
| Q1 24 | 1.40× | 0.84× |
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
CNO
| Health Insurance Product Line | $496.4M | 43% |
| Life Insurance Segment | $268.8M | 24% |
| Other | $207.2M | 18% |
| Life And Annuity Insurance Product Line | $170.7M | 15% |
