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Arch Capital Group（ACGL）与加拿大国家铁路（CP）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是加拿大国家铁路的1.6倍（$4.5B vs $2.8B），加拿大国家铁路净利率更高（27.7% vs 23.2%，领先4.5%），加拿大国家铁路同比增速更快（1.3% vs -3.3%），过去两年加拿大国家铁路的营收复合增速更高（5.6% 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。
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
ACGL vs CP — 直观对比
营收规模更大
ACGL
是对方的1.6倍
$2.8B
营收增速更快
CP
高出4.6%
-3.3%
净利率更高
CP
高出4.5%
23.2%
两年增速更快
CP
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.8B |
| 净利润 | $1.0B | $786.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 41.4% |
| 净利率 | 23.2% | 27.7% |
| 营收同比 | -3.3% | 1.3% |
| 净利润同比 | 82.4% | -10.3% |
| 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ACGLCP
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $2.8B | ||
| Q3 25 | $5.1B | $2.7B | ||
| Q2 25 | $5.2B | $2.7B | ||
| Q1 25 | $4.7B | $2.8B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $4.7B | $2.6B | ||
| Q2 24 | $4.2B | $2.6B |
净利润ACGLCP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $786.2M | ||
| Q3 25 | $1.4B | $671.6M | ||
| Q2 25 | $1.2B | $900.8M | ||
| Q1 25 | $574.0M | $664.3M | ||
| Q4 24 | $935.0M | $876.7M | ||
| Q3 24 | $988.0M | $611.0M | ||
| Q2 24 | $1.3B | $660.6M |
营业利润率ACGLCP
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 35.0% | ||
| Q4 24 | — | 40.6% | ||
| Q3 24 | — | 34.3% | ||
| Q2 24 | — | 35.4% |
净利率ACGLCP
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 27.7% | ||
| Q3 25 | 26.4% | 25.3% | ||
| Q2 25 | 23.7% | 33.6% | ||
| Q1 25 | 12.3% | 24.2% | ||
| Q4 24 | 20.6% | 31.2% | ||
| Q3 24 | 20.9% | 23.9% | ||
| Q2 24 | 30.0% | 25.3% |
每股收益（稀释后）ACGLCP
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | — | ||
| Q3 25 | $3.56 | — | ||
| Q2 25 | $3.23 | — | ||
| Q1 25 | $1.48 | — | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $2.56 | — | ||
| Q2 24 | $3.30 | — |
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 | $134.3M |
| 总债务越低越好 | — | $14.6B |
| 股东权益账面价值 | $24.2B | $33.5B |
| 总资产 | $81.4B | $62.7B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资ACGLCP
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $134.3M | ||
| Q3 25 | $1.1B | $300.0M | ||
| Q2 25 | $983.0M | $583.3M | ||
| Q1 25 | $1.2B | $507.4M | ||
| Q4 24 | $979.0M | $539.5M | ||
| Q3 24 | $1.0B | $338.0M | ||
| Q2 24 | $1.0B | $406.6M |
总债务ACGLCP
| Q1 26 | — | — | ||
| Q4 25 | — | $14.6B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $14.5B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.8B |
股东权益ACGLCP
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $33.5B | ||
| Q3 25 | $23.7B | $33.4B | ||
| Q2 25 | $23.0B | $33.7B | ||
| Q1 25 | $21.5B | $35.2B | ||
| Q4 24 | $20.8B | $35.0B | ||
| Q3 24 | $22.3B | $32.2B | ||
| Q2 24 | $20.7B | $32.0B |
总资产ACGLCP
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $62.7B | ||
| Q3 25 | $79.2B | $63.3B | ||
| Q2 25 | $78.8B | $62.2B | ||
| Q1 25 | $75.2B | $64.3B | ||
| Q4 24 | $70.9B | $64.1B | ||
| Q3 24 | $73.7B | $60.0B | ||
| Q2 24 | $65.5B | $60.4B |
负债/权益比ACGLCP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $537.3M |
| 自由现金流率自由现金流/营收 | — | 18.9% |
| 资本支出强度资本支出/营收 | — | 20.2% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流ACGLCP
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $2.2B | $930.0M | ||
| Q2 25 | $1.1B | $989.1M | ||
| Q1 25 | $1.5B | $843.9M | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $2.0B | $928.6M | ||
| Q2 24 | $1.5B | $932.9M |
自由现金流ACGLCP
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $537.3M | ||
| Q3 25 | $2.2B | $302.2M | ||
| Q2 25 | $1.1B | $446.8M | ||
| Q1 25 | $1.4B | $324.9M | ||
| Q4 24 | $1.6B | $702.3M | ||
| Q3 24 | $2.0B | $382.5M | ||
| Q2 24 | $1.5B | $343.1M |
自由现金流率ACGLCP
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 18.9% | ||
| Q3 25 | 42.6% | 11.4% | ||
| Q2 25 | 21.3% | 16.7% | ||
| Q1 25 | 31.0% | 11.8% | ||
| Q4 24 | 34.3% | 25.0% | ||
| Q3 24 | 42.5% | 15.0% | ||
| Q2 24 | 35.6% | 13.1% |
资本支出强度ACGLCP
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 20.2% | ||
| Q3 25 | 0.2% | 23.7% | ||
| Q2 25 | 0.2% | 20.2% | ||
| Q1 25 | 0.2% | 18.9% | ||
| Q4 24 | 0.3% | 19.3% | ||
| Q3 24 | 0.3% | 21.4% | ||
| Q2 24 | 0.3% | 22.6% |
现金转化率ACGLCP
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.42× | ||
| Q3 25 | 1.62× | 1.38× | ||
| Q2 25 | 0.91× | 1.10× | ||
| Q1 25 | 2.54× | 1.27× | ||
| Q4 24 | 1.68× | 1.42× | ||
| Q3 24 | 2.04× | 1.52× | ||
| Q2 24 | 1.20× | 1.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
