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Arch Capital Group（ACGL）与D. R. Horton（DHI）财务数据对比。点击上方公司名可切换其他公司
D. R. Horton的季度营收约是Arch Capital Group的1.5倍（$6.9B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 8.6%，领先14.5%），Arch Capital Group同比增速更快（-3.3% vs -9.5%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -13.0%）
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。
D.R.霍顿是总部位于美国得克萨斯州阿灵顿的住宅建造企业，自2002年起持续成为美国交付量最高的住宅建筑商，业务覆盖全美36个州的125个市场，2024年按营收规模位列《财富》美国500强榜单第120位。
ACGL vs DHI — 直观对比
营收规模更大
DHI
是对方的1.5倍
$4.5B
营收增速更快
ACGL
高出6.3%
-9.5%
净利率更高
ACGL
高出14.5%
8.6%
两年增速更快
ACGL
近两年复合增速
-13.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.9B |
| 净利润 | $1.0B | $594.8M |
| 毛利率 | — | 23.2% |
| 营业利润率 | — | — |
| 净利率 | 23.2% | 8.6% |
| 营收同比 | -3.3% | -9.5% |
| 净利润同比 | 82.4% | -29.6% |
| 每股收益（稀释后） | $2.88 | $2.03 |
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ACGLDHI
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $6.9B | ||
| Q3 25 | $5.1B | $9.7B | ||
| Q2 25 | $5.2B | $9.2B | ||
| Q1 25 | $4.7B | $7.7B | ||
| Q4 24 | $4.5B | $7.6B | ||
| Q3 24 | $4.7B | $10.0B | ||
| Q2 24 | $4.2B | $10.0B |
净利润ACGLDHI
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $594.8M | ||
| Q3 25 | $1.4B | $905.3M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $574.0M | $810.4M | ||
| Q4 24 | $935.0M | $844.9M | ||
| Q3 24 | $988.0M | $1.3B | ||
| Q2 24 | $1.3B | $1.4B |
毛利率ACGLDHI
| Q1 26 | — | — | ||
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 26.5% |
营业利润率ACGLDHI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.8% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 18.1% |
净利率ACGLDHI
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 8.6% | ||
| Q3 25 | 26.4% | 9.4% | ||
| Q2 25 | 23.7% | 11.1% | ||
| Q1 25 | 12.3% | 10.5% | ||
| Q4 24 | 20.6% | 11.1% | ||
| Q3 24 | 20.9% | 12.8% | ||
| Q2 24 | 30.0% | 13.6% |
每股收益（稀释后）ACGLDHI
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $2.03 | ||
| Q3 25 | $3.56 | $3.02 | ||
| Q2 25 | $3.23 | $3.36 | ||
| Q1 25 | $1.48 | $2.58 | ||
| Q4 24 | $2.41 | $2.61 | ||
| Q3 24 | $2.56 | $3.90 | ||
| Q2 24 | $3.30 | $4.10 |
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 | $2.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $24.0B |
| 总资产 | $81.4B | $34.6B |
| 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ACGLDHI
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $2.5B | ||
| Q3 25 | $1.1B | $3.0B | ||
| Q2 25 | $983.0M | $2.6B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $979.0M | $3.1B | ||
| Q3 24 | $1.0B | $4.5B | ||
| Q2 24 | $1.0B | $3.0B |
股东权益ACGLDHI
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $24.0B | ||
| Q3 25 | $23.7B | $24.2B | ||
| Q2 25 | $23.0B | $24.1B | ||
| Q1 25 | $21.5B | $24.3B | ||
| Q4 24 | $20.8B | $24.9B | ||
| Q3 24 | $22.3B | $25.3B | ||
| Q2 24 | $20.7B | $24.7B |
总资产ACGLDHI
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $34.6B | ||
| Q3 25 | $79.2B | $35.5B | ||
| Q2 25 | $78.8B | $36.4B | ||
| Q1 25 | $75.2B | $35.7B | ||
| Q4 24 | $70.9B | $35.0B | ||
| Q3 24 | $73.7B | $36.1B | ||
| Q2 24 | $65.5B | $35.2B |
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 | $854.0M |
| 自由现金流经营现金流 - 资本支出 | — | $826.6M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $3.5B |
8季度趋势，按日历期对齐
经营现金流ACGLDHI
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $854.0M | ||
| Q3 25 | $2.2B | $2.5B | ||
| Q2 25 | $1.1B | $738.6M | ||
| Q1 25 | $1.5B | $-436.2M | ||
| Q4 24 | $1.6B | $646.7M | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.5B | $698.3M |
自由现金流ACGLDHI
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $826.6M | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $1.1B | $692.6M | ||
| Q1 25 | $1.4B | $-470.5M | ||
| Q4 24 | $1.6B | $633.4M | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $1.5B | $636.3M |
自由现金流率ACGLDHI
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 12.0% | ||
| Q3 25 | 42.6% | 25.1% | ||
| Q2 25 | 21.3% | 7.5% | ||
| Q1 25 | 31.0% | -6.1% | ||
| Q4 24 | 34.3% | 8.3% | ||
| Q3 24 | 42.5% | 19.3% | ||
| Q2 24 | 35.6% | 6.4% |
资本支出强度ACGLDHI
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.4% | ||
| Q3 25 | 0.2% | 0.5% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 0.3% | 0.3% | ||
| Q2 24 | 0.3% | 0.6% |
现金转化率ACGLDHI
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.44× | ||
| Q3 25 | 1.62× | 2.73× | ||
| Q2 25 | 0.91× | 0.72× | ||
| Q1 25 | 2.54× | -0.54× | ||
| Q4 24 | 1.68× | 0.77× | ||
| Q3 24 | 2.04× | 1.53× | ||
| Q2 24 | 1.20× | 0.52× |
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
DHI
| Home Building Ops | $6.5B | 95% |
| Eliminations And Other | $209.1M | 3% |
| Financial Services | $184.6M | 3% |
| Land | $16.2M | 0% |
