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Arch Capital Group（ACGL）与Eversource Energy（ES）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Eversource Energy的1.3倍（$4.5B vs $3.4B），Arch Capital Group净利率更高（23.2% vs 12.6%，领先10.6%），Eversource Energy同比增速更快（13.4% vs -3.3%），过去两年Arch Capital Group的营收复合增速更高（3.4% 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。
Eversource Energy是位列财富500强的上市能源企业，总部位于美国马萨诸塞州斯普林菲尔德，在康涅狄格州哈特福德、马萨诸塞州波士顿均设有办公据点，旗下多家受监管子公司为康涅狄格、马萨诸塞、新罕布什尔三州约400万用户提供零售电力、天然气及供水服务。
ACGL vs ES — 直观对比
营收规模更大
ACGL
是对方的1.3倍
$3.4B
营收增速更快
ES
高出16.7%
-3.3%
净利率更高
ACGL
高出10.6%
12.6%
两年增速更快
ACGL
近两年复合增速
0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $3.4B |
| 净利润 | $1.0B | $423.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 21.1% |
| 净利率 | 23.2% | 12.6% |
| 营收同比 | -3.3% | 13.4% |
| 净利润同比 | 82.4% | 468.8% |
| 每股收益（稀释后） | $2.88 | $1.11 |
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ACGLES
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $3.4B | ||
| Q3 25 | $5.1B | $3.2B | ||
| Q2 25 | $5.2B | $2.8B | ||
| Q1 25 | $4.7B | $4.1B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.7B | $3.1B | ||
| Q2 24 | $4.2B | $2.5B |
净利润ACGLES
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $423.2M | ||
| Q3 25 | $1.4B | $369.4M | ||
| Q2 25 | $1.2B | $354.6M | ||
| Q1 25 | $574.0M | $552.7M | ||
| Q4 24 | $935.0M | $74.4M | ||
| Q3 24 | $988.0M | $-116.2M | ||
| Q2 24 | $1.3B | $337.2M |
营业利润率ACGLES
| Q1 26 | — | — | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 23.4% | ||
| Q1 25 | — | 22.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 23.8% |
净利率ACGLES
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 12.6% | ||
| Q3 25 | 26.4% | 11.5% | ||
| Q2 25 | 23.7% | 12.5% | ||
| Q1 25 | 12.3% | 13.4% | ||
| Q4 24 | 20.6% | 2.5% | ||
| Q3 24 | 20.9% | -3.8% | ||
| Q2 24 | 30.0% | 13.3% |
每股收益（稀释后）ACGLES
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $1.11 | ||
| Q3 25 | $3.56 | $0.99 | ||
| Q2 25 | $3.23 | $0.96 | ||
| Q1 25 | $1.48 | $1.50 | ||
| Q4 24 | $2.41 | $0.16 | ||
| Q3 24 | $2.56 | $-0.33 | ||
| Q2 24 | $3.30 | $0.95 |
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 | $135.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $16.2B |
| 总资产 | $81.4B | $63.8B |
| 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ACGLES
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $135.4M | ||
| Q3 25 | $1.1B | $259.3M | ||
| Q2 25 | $983.0M | $343.7M | ||
| Q1 25 | $1.2B | $111.4M | ||
| Q4 24 | $979.0M | $26.7M | ||
| Q3 24 | $1.0B | $97.9M | ||
| Q2 24 | $1.0B | — |
股东权益ACGLES
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $16.2B | ||
| Q3 25 | $23.7B | $16.0B | ||
| Q2 25 | $23.0B | $15.7B | ||
| Q1 25 | $21.5B | $15.3B | ||
| Q4 24 | $20.8B | $15.0B | ||
| Q3 24 | $22.3B | $15.0B | ||
| Q2 24 | $20.7B | $14.8B |
总资产ACGLES
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $63.8B | ||
| Q3 25 | $79.2B | $61.7B | ||
| Q2 25 | $78.8B | $61.0B | ||
| Q1 25 | $75.2B | $60.2B | ||
| Q4 24 | $70.9B | $59.6B | ||
| Q3 24 | $73.7B | $58.6B | ||
| Q2 24 | $65.5B | $58.4B |
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 | $916.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.3M |
| 自由现金流率自由现金流/营收 | — | -2.0% |
| 资本支出强度资本支出/营收 | — | 29.2% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $-45.1M |
8季度趋势，按日历期对齐
经营现金流ACGLES
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $916.1M | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.6B | $642.1M | ||
| Q3 24 | $2.0B | $555.6M | ||
| Q2 24 | $1.5B | $670.7M |
自由现金流ACGLES
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-67.3M | ||
| Q3 25 | $2.2B | $-26.3M | ||
| Q2 25 | $1.1B | $15.3M | ||
| Q1 25 | $1.4B | $33.2M | ||
| Q4 24 | $1.6B | $-546.5M | ||
| Q3 24 | $2.0B | $-515.4M | ||
| Q2 24 | $1.5B | $-400.8M |
自由现金流率ACGLES
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -2.0% | ||
| Q3 25 | 42.6% | -0.8% | ||
| Q2 25 | 21.3% | 0.5% | ||
| Q1 25 | 31.0% | 0.8% | ||
| Q4 24 | 34.3% | -18.4% | ||
| Q3 24 | 42.5% | -16.8% | ||
| Q2 24 | 35.6% | -15.8% |
资本支出强度ACGLES
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 29.2% | ||
| Q3 25 | 0.2% | 35.0% | ||
| Q2 25 | 0.2% | 36.7% | ||
| Q1 25 | 0.2% | 24.5% | ||
| Q4 24 | 0.3% | 40.0% | ||
| Q3 24 | 0.3% | 35.0% | ||
| Q2 24 | 0.3% | 42.3% |
现金转化率ACGLES
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 2.16× | ||
| Q3 25 | 1.62× | 2.98× | ||
| Q2 25 | 0.91× | 2.98× | ||
| Q1 25 | 2.54× | 1.88× | ||
| Q4 24 | 1.68× | 8.63× | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | 1.99× |
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
ES
| Residential | $1.2B | 35% |
| Commercial | $789.0M | 23% |
| Eversource Electric Transmission | $573.8M | 17% |
| Wholesale Transmission Revenue | $570.0M | 17% |
| Industrial | $102.6M | 3% |
| Water Distribution Segment | $58.4M | 2% |
| Eversource Water | $56.3M | 2% |
| Other Revenue Adjustmentsfrom Contractswith Customers | $25.9M | 1% |
