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Arch Capital Group（ACGL）与Leidos（LDOS）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Leidos的1.1倍（$4.5B vs $4.2B），Arch Capital Group净利率更高（23.2% vs 7.8%，领先15.4%），Arch Capital Group同比增速更快（-3.3% vs -3.5%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs 3.1%）
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。
Leidos Holdings, Inc.是总部位于美国弗吉尼亚州雷斯顿的企业，业务覆盖国防、航空、信息技术、生物医学研究领域，提供科研、工程、系统集成及技术服务。其前身为科学应用国际公司（SAIC），2016年8月与洛克希德·马丁旗下IT业务板块合并，成为国防行业规模最大的IT服务提供商。
ACGL vs LDOS — 直观对比
营收规模更大
ACGL
是对方的1.1倍
$4.2B
营收增速更快
ACGL
高出0.2%
-3.5%
净利率更高
ACGL
高出15.4%
7.8%
两年增速更快
ACGL
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.2B |
| 净利润 | $1.0B | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | — | 11.3% |
| 净利率 | 23.2% | 7.8% |
| 营收同比 | -3.3% | -3.5% |
| 净利润同比 | 82.4% | 15.1% |
| 每股收益（稀释后） | $2.88 | $2.54 |
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ACGLLDOS
| Q1 26 | $4.5B | $4.2B | ||
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $5.1B | $4.2B | ||
| Q2 25 | $5.2B | $4.2B | ||
| Q1 25 | $4.7B | $4.3B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.7B | $4.2B | ||
| Q2 24 | $4.2B | $4.1B |
净利润ACGLLDOS
| Q1 26 | $1.0B | $327.0M | ||
| Q4 25 | $1.2B | $367.0M | ||
| Q3 25 | $1.4B | $391.0M | ||
| Q2 25 | $1.2B | $363.0M | ||
| Q1 25 | $574.0M | $284.0M | ||
| Q4 24 | $935.0M | — | ||
| Q3 24 | $988.0M | $364.0M | ||
| Q2 24 | $1.3B | $322.0M |
毛利率ACGLLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 16.6% |
营业利润率ACGLLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | — | 11.6% |
净利率ACGLLDOS
| Q1 26 | 23.2% | 7.8% | ||
| Q4 25 | 25.1% | 8.2% | ||
| Q3 25 | 26.4% | 9.2% | ||
| Q2 25 | 23.7% | 8.6% | ||
| Q1 25 | 12.3% | 6.5% | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 20.9% | 8.7% | ||
| Q2 24 | 30.0% | 7.8% |
每股收益（稀释后）ACGLLDOS
| Q1 26 | $2.88 | $2.54 | ||
| Q4 25 | $3.33 | $2.82 | ||
| Q3 25 | $3.56 | $3.01 | ||
| Q2 25 | $3.23 | $2.77 | ||
| Q1 25 | $1.48 | $2.10 | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $2.56 | $2.68 | ||
| Q2 24 | $3.30 | $2.37 |
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 | — | $4.6B |
| 股东权益账面价值 | $24.2B | $4.9B |
| 总资产 | $81.4B | $13.5B |
| 负债/权益比越低杠杆越低 | — | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资ACGLLDOS
| Q1 26 | $24.0M | $1.1B | ||
| Q4 25 | $993.0M | $974.0M | ||
| Q3 25 | $1.1B | $930.0M | ||
| Q2 25 | $983.0M | $842.0M | ||
| Q1 25 | $1.2B | $943.0M | ||
| Q4 24 | $979.0M | — | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.0B | $823.0M |
总债务ACGLLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
股东权益ACGLLDOS
| Q1 26 | $24.2B | $4.9B | ||
| Q4 25 | $24.2B | $4.9B | ||
| Q3 25 | $23.7B | $4.7B | ||
| Q2 25 | $23.0B | $4.3B | ||
| Q1 25 | $21.5B | $4.4B | ||
| Q4 24 | $20.8B | — | ||
| Q3 24 | $22.3B | $4.6B | ||
| Q2 24 | $20.7B | $4.5B |
总资产ACGLLDOS
| Q1 26 | $81.4B | $13.5B | ||
| Q4 25 | $79.2B | $13.5B | ||
| Q3 25 | $79.2B | $13.5B | ||
| Q2 25 | $78.8B | $13.2B | ||
| Q1 25 | $75.2B | $13.1B | ||
| Q4 24 | $70.9B | — | ||
| Q3 24 | $73.7B | $13.3B | ||
| Q2 24 | $65.5B | $12.9B |
负债/权益比ACGLLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.92× |
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 | $495.0M |
| 自由现金流经营现金流 - 资本支出 | — | $452.0M |
| 自由现金流率自由现金流/营收 | — | 10.8% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.51× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACGLLDOS
| Q1 26 | $1.2B | $495.0M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.2B | $711.0M | ||
| Q2 25 | $1.1B | $58.0M | ||
| Q1 25 | $1.5B | $299.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | $656.0M | ||
| Q2 24 | $1.5B | $374.0M |
自由现金流ACGLLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.2B | $680.0M | ||
| Q2 25 | $1.1B | $36.0M | ||
| Q1 25 | $1.4B | $213.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | $633.0M | ||
| Q2 24 | $1.5B | $351.0M |
自由现金流率ACGLLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 28.2% | — | ||
| Q3 25 | 42.6% | 16.1% | ||
| Q2 25 | 21.3% | 0.9% | ||
| Q1 25 | 31.0% | 4.9% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 42.5% | 15.2% | ||
| Q2 24 | 35.6% | 8.5% |
资本支出强度ACGLLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | 0.6% | ||
| Q2 24 | 0.3% | 0.6% |
现金转化率ACGLLDOS
| Q1 26 | 1.13× | 1.51× | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.62× | 1.82× | ||
| Q2 25 | 0.91× | 0.16× | ||
| Q1 25 | 2.54× | 1.05× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | 1.80× | ||
| Q2 24 | 1.20× | 1.16× |
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
LDOS
| US Do D And US Intelligence Community | $1.4B | 32% |
| Cost Reimbursement And Fixed Price Incentive Fee | $1.0B | 24% |
| Commercial And International Segment | $609.0M | 15% |
| Defense Systems Segment | $546.0M | 13% |
| Other | $358.0M | 9% |
| Time And Materials And Fixed Price Level Of Effort | $295.0M | 7% |
| Commercial And Non US Customers | $38.0M | 1% |
