vs
Arch Capital Group（ACGL）与卡夫亨氏（KHC）财务数据对比。点击上方公司名可切换其他公司
卡夫亨氏的季度营收约是Arch Capital Group的1.4倍（$6.4B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 10.2%，领先12.9%），Arch Capital Group同比增速更快（-3.3% vs -3.4%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -0.4%）
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。
卡夫亨氏（股票代码：KHC）是美国大型跨国食品企业，由原卡夫食品集团与亨氏公司合并组建，在芝加哥与匹兹堡均设有总部，旗下拥有多款全球知名食品品牌，业务覆盖全球众多市场。
ACGL vs KHC — 直观对比
营收规模更大
KHC
是对方的1.4倍
$4.5B
营收增速更快
ACGL
高出0.1%
-3.4%
净利率更高
ACGL
高出12.9%
10.2%
两年增速更快
ACGL
近两年复合增速
-0.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.4B |
| 净利润 | $1.0B | $651.0M |
| 毛利率 | — | 32.6% |
| 营业利润率 | — | 17.1% |
| 净利率 | 23.2% | 10.2% |
| 营收同比 | -3.3% | -3.4% |
| 净利润同比 | 82.4% | -69.5% |
| 每股收益（稀释后） | $2.88 | $0.56 |
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ACGLKHC
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $6.4B | ||
| Q3 25 | $5.1B | $6.2B | ||
| Q2 25 | $5.2B | $6.4B | ||
| Q1 25 | $4.7B | $6.0B | ||
| Q4 24 | $4.5B | $6.6B | ||
| Q3 24 | $4.7B | $6.4B | ||
| Q2 24 | $4.2B | $6.5B |
净利润ACGLKHC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $651.0M | ||
| Q3 25 | $1.4B | $615.0M | ||
| Q2 25 | $1.2B | $-7.8B | ||
| Q1 25 | $574.0M | $712.0M | ||
| Q4 24 | $935.0M | $2.1B | ||
| Q3 24 | $988.0M | $-290.0M | ||
| Q2 24 | $1.3B | $102.0M |
毛利率ACGLKHC
| Q1 26 | — | — | ||
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.4% |
营业利润率ACGLKHC
| Q1 26 | — | — | ||
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | -125.5% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | -1.6% | ||
| Q2 24 | — | 8.1% |
净利率ACGLKHC
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 10.2% | ||
| Q3 25 | 26.4% | 9.9% | ||
| Q2 25 | 23.7% | -123.2% | ||
| Q1 25 | 12.3% | 11.9% | ||
| Q4 24 | 20.6% | 32.4% | ||
| Q3 24 | 20.9% | -4.5% | ||
| Q2 24 | 30.0% | 1.6% |
每股收益（稀释后）ACGLKHC
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $0.56 | ||
| Q3 25 | $3.56 | $0.52 | ||
| Q2 25 | $3.23 | $-6.60 | ||
| Q1 25 | $1.48 | $0.59 | ||
| Q4 24 | $2.41 | $1.76 | ||
| Q3 24 | $2.56 | $-0.24 | ||
| Q2 24 | $3.30 | $0.08 |
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 | $2.6B |
| 总债务越低越好 | — | $19.3B |
| 股东权益账面价值 | $24.2B | $41.7B |
| 总资产 | $81.4B | $81.8B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资ACGLKHC
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $2.6B | ||
| Q3 25 | $1.1B | $3.1B | ||
| Q2 25 | $983.0M | $2.6B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $979.0M | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $1.0B | $900.0M |
总债务ACGLKHC
| Q1 26 | — | — | ||
| Q4 25 | — | $19.3B | ||
| Q3 25 | — | $19.3B | ||
| Q2 25 | — | $19.3B | ||
| Q1 25 | — | $20.9B | ||
| Q4 24 | — | $19.2B | ||
| Q3 24 | — | $19.4B | ||
| Q2 24 | — | $19.3B |
股东权益ACGLKHC
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $41.7B | ||
| Q3 25 | $23.7B | $41.5B | ||
| Q2 25 | $23.0B | $41.4B | ||
| Q1 25 | $21.5B | $49.5B | ||
| Q4 24 | $20.8B | $49.2B | ||
| Q3 24 | $22.3B | $48.3B | ||
| Q2 24 | $20.7B | $48.9B |
总资产ACGLKHC
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $81.8B | ||
| Q3 25 | $79.2B | $81.7B | ||
| Q2 25 | $78.8B | $81.6B | ||
| Q1 25 | $75.2B | $90.3B | ||
| Q4 24 | $70.9B | $88.3B | ||
| Q3 24 | $73.7B | $88.6B | ||
| Q2 24 | $65.5B | $88.8B |
负债/权益比ACGLKHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.39× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $1.2B |
| 自由现金流率自由现金流/营收 | — | 18.4% |
| 资本支出强度资本支出/营收 | — | 3.2% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.11× |
| 过去12个月自由现金流最近4个季度 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流ACGLKHC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.5B | $720.0M | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.5B | $942.0M |
自由现金流ACGLKHC
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $2.2B | $986.0M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.4B | $482.0M | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $2.0B | $849.0M | ||
| Q2 24 | $1.5B | $693.0M |
自由现金流率ACGLKHC
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 18.4% | ||
| Q3 25 | 42.6% | 15.8% | ||
| Q2 25 | 21.3% | 16.1% | ||
| Q1 25 | 31.0% | 8.0% | ||
| Q4 24 | 34.3% | 17.4% | ||
| Q3 24 | 42.5% | 13.3% | ||
| Q2 24 | 35.6% | 10.7% |
资本支出强度ACGLKHC
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.2% | ||
| Q3 25 | 0.2% | 2.7% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.2% | 4.0% | ||
| Q4 24 | 0.3% | 3.8% | ||
| Q3 24 | 0.3% | 3.7% | ||
| Q2 24 | 0.3% | 3.8% |
现金转化率ACGLKHC
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 2.11× | ||
| Q3 25 | 1.62× | 1.88× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 2.54× | 1.01× | ||
| Q4 24 | 1.68× | 0.65× | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | 9.24× |
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
KHC
| Taste Elevation | $2.9B | 46% |
| Easy Ready Meals | $1.1B | 17% |
| Hydration | $471.0M | 7% |
| Cheese | $440.0M | 7% |
| Meats | $438.0M | 7% |
| Substantial Snacking | $351.0M | 6% |
| Desserts | $332.0M | 5% |
| Coffee | $221.0M | 3% |
| Other Platform | $127.0M | 2% |
