vs
Arch Capital Group（ACGL）与CARVANA CO.（CVNA）财务数据对比。点击上方公司名可切换其他公司
CARVANA CO.的季度营收约是Arch Capital Group的1.2倍（$5.6B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 15.3%，领先7.9%），CARVANA CO.同比增速更快（58.0% vs -3.3%），过去两年CARVANA CO.的营收复合增速更高（35.3% 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。
Carvana Co.是总部位于美国亚利桑那州坦佩市的线上二手车零售企业，主打线上一站式购车服务，2021年成功入选《财富》500强榜单，是该榜单有史以来最年轻的上榜企业之一。
ACGL vs CVNA — 直观对比
营收规模更大
CVNA
是对方的1.2倍
$4.5B
营收增速更快
CVNA
高出61.2%
-3.3%
净利率更高
ACGL
高出7.9%
15.3%
两年增速更快
CVNA
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $5.6B |
| 净利润 | $1.0B | $857.0M |
| 毛利率 | — | 18.8% |
| 营业利润率 | — | 7.6% |
| 净利率 | 23.2% | 15.3% |
| 营收同比 | -3.3% | 58.0% |
| 净利润同比 | 82.4% | 984.8% |
| 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ACGLCVNA
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $5.6B | ||
| Q3 25 | $5.1B | $5.6B | ||
| Q2 25 | $5.2B | $4.8B | ||
| Q1 25 | $4.7B | $4.2B | ||
| Q4 24 | $4.5B | $3.5B | ||
| Q3 24 | $4.7B | $3.7B | ||
| Q2 24 | $4.2B | $3.4B |
净利润ACGLCVNA
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $857.0M | ||
| Q3 25 | $1.4B | $151.0M | ||
| Q2 25 | $1.2B | $183.0M | ||
| Q1 25 | $574.0M | $216.0M | ||
| Q4 24 | $935.0M | $79.0M | ||
| Q3 24 | $988.0M | $85.0M | ||
| Q2 24 | $1.3B | $18.0M |
毛利率ACGLCVNA
| Q1 26 | — | — | ||
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.5% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 21.0% |
营业利润率ACGLCVNA
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | 7.6% |
净利率ACGLCVNA
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 15.3% | ||
| Q3 25 | 26.4% | 2.7% | ||
| Q2 25 | 23.7% | 3.8% | ||
| Q1 25 | 12.3% | 5.1% | ||
| Q4 24 | 20.6% | 2.2% | ||
| Q3 24 | 20.9% | 2.3% | ||
| Q2 24 | 30.0% | 0.5% |
每股收益（稀释后）ACGLCVNA
| 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 | $2.3B |
| 总债务越低越好 | — | $4.9B |
| 股东权益账面价值 | $24.2B | $3.4B |
| 总资产 | $81.4B | $13.2B |
| 负债/权益比越低杠杆越低 | — | 1.43× |
8季度趋势，按日历期对齐
现金及短期投资ACGLCVNA
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $2.3B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $983.0M | $1.9B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $979.0M | $1.7B | ||
| Q3 24 | $1.0B | $871.0M | ||
| Q2 24 | $1.0B | $542.0M |
总债务ACGLCVNA
| Q1 26 | — | — | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ACGLCVNA
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $3.4B | ||
| Q3 25 | $23.7B | $2.3B | ||
| Q2 25 | $23.0B | $1.7B | ||
| Q1 25 | $21.5B | $1.5B | ||
| Q4 24 | $20.8B | $1.3B | ||
| Q3 24 | $22.3B | $611.0M | ||
| Q2 24 | $20.7B | $526.0M |
总资产ACGLCVNA
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $13.2B | ||
| Q3 25 | $79.2B | $9.9B | ||
| Q2 25 | $78.8B | $9.4B | ||
| Q1 25 | $75.2B | $8.9B | ||
| Q4 24 | $70.9B | $8.5B | ||
| Q3 24 | $73.7B | $7.4B | ||
| Q2 24 | $65.5B | $7.2B |
负债/权益比ACGLCVNA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.43× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $430.0M |
| 自由现金流经营现金流 - 资本支出 | — | $379.0M |
| 自由现金流率自由现金流/营收 | — | 6.8% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 1.13× | 0.50× |
| 过去12个月自由现金流最近4个季度 | — | $889.0M |
8季度趋势，按日历期对齐
经营现金流ACGLCVNA
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $430.0M | ||
| Q3 25 | $2.2B | $345.0M | ||
| Q2 25 | $1.1B | $29.0M | ||
| Q1 25 | $1.5B | $232.0M | ||
| Q4 24 | $1.6B | $60.0M | ||
| Q3 24 | $2.0B | $403.0M | ||
| Q2 24 | $1.5B | $354.0M |
自由现金流ACGLCVNA
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $379.0M | ||
| Q3 25 | $2.2B | $307.0M | ||
| Q2 25 | $1.1B | $-2.0M | ||
| Q1 25 | $1.4B | $205.0M | ||
| Q4 24 | $1.6B | $36.0M | ||
| Q3 24 | $2.0B | $376.0M | ||
| Q2 24 | $1.5B | $332.0M |
自由现金流率ACGLCVNA
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 6.8% | ||
| Q3 25 | 42.6% | 5.4% | ||
| Q2 25 | 21.3% | -0.0% | ||
| Q1 25 | 31.0% | 4.8% | ||
| Q4 24 | 34.3% | 1.0% | ||
| Q3 24 | 42.5% | 10.3% | ||
| Q2 24 | 35.6% | 9.7% |
资本支出强度ACGLCVNA
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.9% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | 0.3% | 0.7% | ||
| Q3 24 | 0.3% | 0.7% | ||
| Q2 24 | 0.3% | 0.6% |
现金转化率ACGLCVNA
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 0.50× | ||
| Q3 25 | 1.62× | 2.28× | ||
| Q2 25 | 0.91× | 0.16× | ||
| Q1 25 | 2.54× | 1.07× | ||
| Q4 24 | 1.68× | 0.76× | ||
| Q3 24 | 2.04× | 4.74× | ||
| Q2 24 | 1.20× | 19.67× |
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
CVNA
| Used Vehicle Sales | $4.2B | 74% |
| Wholesale Sales And Revenues | $988.0M | 18% |
| Other | $459.0M | 8% |
