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Arch Capital Group（ACGL）与HA Sustainable Infrastructure Capital, Inc.（HASI）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HA Sustainable Infrastructure Capital, Inc.的43.0倍（$4.9B vs $114.8M）。Arch Capital Group净利率更高（25.1% vs -46.8%，领先71.9%）。HA Sustainable Infrastructure Capital, Inc.同比增速更快（13.3% vs 8.5%）。过去两年Arch Capital Group的营收复合增速更高（11.9% vs 4.2%）
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。
HA可持续基础设施资本公司（HASI）是一家聚焦可持续基础设施领域的专业投资机构，业务覆盖可再生能源、能效提升、可持续地产及低碳公用事业板块，主要在北美市场运营，为合格绿色项目提供长期资本支持，为投资者创造稳定的经风险调整后回报。
ACGL vs HASI — 直观对比
营收规模更大
ACGL
是对方的43.0倍
$114.8M
营收增速更快
HASI
高出4.9%
8.5%
净利率更高
ACGL
高出71.9%
-46.8%
两年增速更快
ACGL
近两年复合增速
4.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $114.8M |
| 净利润 | $1.2B | $-53.8M |
| 毛利率 | — | — |
| 营业利润率 | — | -57.4% |
| 净利率 | 25.1% | -46.8% |
| 营收同比 | 8.5% | 13.3% |
| 净利润同比 | 32.4% | -176.7% |
| 每股收益（稀释后） | $3.33 | $-0.38 |
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ACGLHASI
| Q4 25 | $4.9B | $114.8M | ||
| Q3 25 | $5.1B | $103.1M | ||
| Q2 25 | $5.2B | $85.7M | ||
| Q1 25 | $4.7B | $96.9M | ||
| Q4 24 | $4.5B | $101.3M | ||
| Q3 24 | $4.7B | $82.0M | ||
| Q2 24 | $4.2B | $94.5M | ||
| Q1 24 | $3.9B | $105.8M |
净利润ACGLHASI
| Q4 25 | $1.2B | $-53.8M | ||
| Q3 25 | $1.4B | $83.3M | ||
| Q2 25 | $1.2B | $98.4M | ||
| Q1 25 | $574.0M | $56.6M | ||
| Q4 24 | $935.0M | $70.1M | ||
| Q3 24 | $988.0M | $-19.6M | ||
| Q2 24 | $1.3B | $26.5M | ||
| Q1 24 | $1.1B | $123.0M |
营业利润率ACGLHASI
| Q4 25 | — | -57.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 84.7% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | — | -32.1% | ||
| Q2 24 | — | 39.5% | ||
| Q1 24 | — | — |
净利率ACGLHASI
| Q4 25 | 25.1% | -46.8% | ||
| Q3 25 | 26.4% | 80.8% | ||
| Q2 25 | 23.7% | 114.9% | ||
| Q1 25 | 12.3% | 58.4% | ||
| Q4 24 | 20.6% | 69.2% | ||
| Q3 24 | 20.9% | -23.9% | ||
| Q2 24 | 30.0% | 28.1% | ||
| Q1 24 | 28.4% | 116.3% |
每股收益（稀释后）ACGLHASI
| Q4 25 | $3.33 | $-0.38 | ||
| Q3 25 | $3.56 | $0.61 | ||
| Q2 25 | $3.23 | $0.74 | ||
| Q1 25 | $1.48 | $0.44 | ||
| Q4 24 | $2.41 | $0.58 | ||
| Q3 24 | $2.56 | $-0.17 | ||
| Q2 24 | $3.30 | $0.23 | ||
| Q1 24 | $2.92 | $0.98 |
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 | $110.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $2.7B |
| 总资产 | $79.2B | $8.2B |
| 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ACGLHASI
| Q4 25 | $993.0M | $110.2M | ||
| Q3 25 | $1.1B | $301.8M | ||
| Q2 25 | $983.0M | $86.5M | ||
| Q1 25 | $1.2B | $67.4M | ||
| Q4 24 | $979.0M | $129.8M | ||
| Q3 24 | $1.0B | $44.1M | ||
| Q2 24 | $1.0B | $145.7M | ||
| Q1 24 | $993.0M | $61.4M |
股东权益ACGLHASI
| Q4 25 | $24.2B | $2.7B | ||
| Q3 25 | $23.7B | $2.7B | ||
| Q2 25 | $23.0B | $2.6B | ||
| Q1 25 | $21.5B | $2.5B | ||
| Q4 24 | $20.8B | $2.4B | ||
| Q3 24 | $22.3B | $2.3B | ||
| Q2 24 | $20.7B | $2.3B | ||
| Q1 24 | $19.4B | $2.3B |
总资产ACGLHASI
| Q4 25 | $79.2B | $8.2B | ||
| Q3 25 | $79.2B | $8.2B | ||
| Q2 25 | $78.8B | $7.6B | ||
| Q1 25 | $75.2B | $7.5B | ||
| Q4 24 | $70.9B | $7.1B | ||
| Q3 24 | $73.7B | $6.7B | ||
| Q2 24 | $65.5B | $6.7B | ||
| Q1 24 | $62.8B | $6.7B |
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 | $246.7M |
| 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× | — |
| 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ACGLHASI
| Q4 25 | $1.4B | $246.7M | ||
| Q3 25 | $2.2B | $-121.8M | ||
| Q2 25 | $1.1B | $79.6M | ||
| Q1 25 | $1.5B | $-37.1M | ||
| Q4 24 | $1.6B | $-12.2M | ||
| Q3 24 | $2.0B | $21.9M | ||
| Q2 24 | $1.5B | $-24.8M | ||
| Q1 24 | $1.6B | $20.9M |
自由现金流ACGLHASI
| 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ACGLHASI
| 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ACGLHASI
| 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ACGLHASI
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.62× | -1.46× | ||
| Q2 25 | 0.91× | 0.81× | ||
| Q1 25 | 2.54× | -0.66× | ||
| Q4 24 | 1.68× | -0.17× | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | -0.94× | ||
| Q1 24 | 1.40× | 0.17× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
