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Arch Capital Group（ACGL）与国际纸业（IP）财务数据对比。点击上方公司名可切换其他公司
国际纸业的季度营收约是Arch Capital Group的1.0倍（$4.7B vs $4.5B），Arch Capital Group净利率更高（23.2% vs -50.3%，领先73.4%），国际纸业同比增速更快（3.6% vs -3.3%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs 1.3%）
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。
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
ACGL vs IP — 直观对比
营收规模更大
IP
是对方的1.0倍
$4.5B
营收增速更快
IP
高出6.8%
-3.3%
净利率更高
ACGL
高出73.4%
-50.3%
两年增速更快
ACGL
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.7B |
| 净利润 | $1.0B | $-2.4B |
| 毛利率 | — | 32.2% |
| 营业利润率 | — | -56.4% |
| 净利率 | 23.2% | -50.3% |
| 营收同比 | -3.3% | 3.6% |
| 净利润同比 | 82.4% | -1521.8% |
| 每股收益（稀释后） | $2.88 | $-4.76 |
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ACGLIP
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $4.7B | ||
| Q3 25 | $5.1B | $6.2B | ||
| Q2 25 | $5.2B | $6.8B | ||
| Q1 25 | $4.7B | $5.9B | ||
| Q4 24 | $4.5B | $4.6B | ||
| Q3 24 | $4.7B | $4.7B | ||
| Q2 24 | $4.2B | $4.7B |
净利润ACGLIP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $-2.4B | ||
| Q3 25 | $1.4B | $-1.1B | ||
| Q2 25 | $1.2B | $75.0M | ||
| Q1 25 | $574.0M | $-105.0M | ||
| Q4 24 | $935.0M | $-147.0M | ||
| Q3 24 | $988.0M | $150.0M | ||
| Q2 24 | $1.3B | $498.0M |
毛利率ACGLIP
| Q1 26 | — | — | ||
| Q4 25 | — | 32.2% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | 27.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 29.0% |
营业利润率ACGLIP
| Q1 26 | — | — | ||
| Q4 25 | — | -56.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | -2.3% | ||
| Q4 24 | — | -4.9% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 6.8% |
净利率ACGLIP
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | -50.3% | ||
| Q3 25 | 26.4% | -17.7% | ||
| Q2 25 | 23.7% | 1.1% | ||
| Q1 25 | 12.3% | -1.8% | ||
| Q4 24 | 20.6% | -3.2% | ||
| Q3 24 | 20.9% | 3.2% | ||
| Q2 24 | 30.0% | 10.5% |
每股收益（稀释后）ACGLIP
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $-4.76 | ||
| Q3 25 | $3.56 | $-2.09 | ||
| Q2 25 | $3.23 | $0.14 | ||
| Q1 25 | $1.48 | $-0.24 | ||
| Q4 24 | $2.41 | $-0.42 | ||
| Q3 24 | $2.56 | $0.42 | ||
| Q2 24 | $3.30 | $1.41 |
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 | $1.1B |
| 总债务越低越好 | — | $8.8B |
| 股东权益账面价值 | $24.2B | $14.8B |
| 总资产 | $81.4B | $38.0B |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资ACGLIP
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $1.1B | ||
| Q3 25 | $1.1B | $995.0M | ||
| Q2 25 | $983.0M | $1.1B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $979.0M | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.0B | $1.0B |
总债务ACGLIP
| Q1 26 | — | — | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | — | $9.7B | ||
| Q1 25 | — | $9.2B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.3B |
股东权益ACGLIP
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $14.8B | ||
| Q3 25 | $23.7B | $17.3B | ||
| Q2 25 | $23.0B | $18.6B | ||
| Q1 25 | $21.5B | $18.1B | ||
| Q4 24 | $20.8B | $8.2B | ||
| Q3 24 | $22.3B | $8.6B | ||
| Q2 24 | $20.7B | $8.6B |
总资产ACGLIP
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $38.0B | ||
| Q3 25 | $79.2B | $40.6B | ||
| Q2 25 | $78.8B | $42.4B | ||
| Q1 25 | $75.2B | $41.2B | ||
| Q4 24 | $70.9B | $22.8B | ||
| Q3 24 | $73.7B | $23.2B | ||
| Q2 24 | $65.5B | $23.1B |
负债/权益比ACGLIP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.62× |
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 | $905.0M |
| 自由现金流经营现金流 - 资本支出 | — | $255.0M |
| 自由现金流率自由现金流/营收 | — | 5.4% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 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 | — | $-159.0M |
8季度趋势，按日历期对齐
经营现金流ACGLIP
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $905.0M | ||
| Q3 25 | $2.2B | $605.0M | ||
| Q2 25 | $1.1B | $476.0M | ||
| Q1 25 | $1.5B | $-288.0M | ||
| Q4 24 | $1.6B | $397.0M | ||
| Q3 24 | $2.0B | $521.0M | ||
| Q2 24 | $1.5B | $365.0M |
自由现金流ACGLIP
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $255.0M | ||
| Q3 25 | $2.2B | $150.0M | ||
| Q2 25 | $1.1B | $54.0M | ||
| Q1 25 | $1.4B | $-618.0M | ||
| Q4 24 | $1.6B | $137.0M | ||
| Q3 24 | $2.0B | $309.0M | ||
| Q2 24 | $1.5B | $167.0M |
自由现金流率ACGLIP
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 5.4% | ||
| Q3 25 | 42.6% | 2.4% | ||
| Q2 25 | 21.3% | 0.8% | ||
| Q1 25 | 31.0% | -10.5% | ||
| Q4 24 | 34.3% | 3.0% | ||
| Q3 24 | 42.5% | 6.6% | ||
| Q2 24 | 35.6% | 3.5% |
资本支出强度ACGLIP
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 13.7% | ||
| Q3 25 | 0.2% | 7.3% | ||
| Q2 25 | 0.2% | 6.2% | ||
| Q1 25 | 0.2% | 5.6% | ||
| Q4 24 | 0.3% | 5.7% | ||
| Q3 24 | 0.3% | 4.5% | ||
| Q2 24 | 0.3% | 4.2% |
现金转化率ACGLIP
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.91× | 6.35× | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | 3.47× | ||
| Q2 24 | 1.20× | 0.73× |
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
IP
| Other | $2.4B | 52% |
| DS Smith Packaging | $2.3B | 48% |
