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Arch Capital Group（ACGL）与林德（LIN）财务数据对比。点击上方公司名可切换其他公司
林德的季度营收约是Arch Capital Group的1.9倍（$8.8B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 17.5%，领先5.7%），林德同比增速更快（5.8% vs -3.3%），过去两年林德的营收复合增速更高（4.0% vs 3.4%）
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。
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
ACGL vs LIN — 直观对比
营收规模更大
LIN
是对方的1.9倍
$4.5B
营收增速更快
LIN
高出9.1%
-3.3%
净利率更高
ACGL
高出5.7%
17.5%
两年增速更快
LIN
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $8.8B |
| 净利润 | $1.0B | $1.5B |
| 毛利率 | — | — |
| 营业利润率 | — | 23.0% |
| 净利率 | 23.2% | 17.5% |
| 营收同比 | -3.3% | 5.8% |
| 净利润同比 | 82.4% | -11.3% |
| 每股收益（稀释后） | $2.88 | $3.28 |
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ACGLLIN
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $8.8B | ||
| Q3 25 | $5.1B | $8.6B | ||
| Q2 25 | $5.2B | $8.5B | ||
| Q1 25 | $4.7B | $8.1B | ||
| Q4 24 | $4.5B | $8.3B | ||
| Q3 24 | $4.7B | $8.4B | ||
| Q2 24 | $4.2B | $8.3B |
净利润ACGLLIN
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $574.0M | $1.7B | ||
| Q4 24 | $935.0M | $1.7B | ||
| Q3 24 | $988.0M | $1.6B | ||
| Q2 24 | $1.3B | $1.7B |
营业利润率ACGLLIN
| Q1 26 | — | — | ||
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 27.7% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 27.4% | ||
| Q3 24 | — | 25.0% | ||
| Q2 24 | — | 26.4% |
净利率ACGLLIN
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 17.5% | ||
| Q3 25 | 26.4% | 22.4% | ||
| Q2 25 | 23.7% | 20.8% | ||
| Q1 25 | 12.3% | 20.6% | ||
| Q4 24 | 20.6% | 20.8% | ||
| Q3 24 | 20.9% | 18.5% | ||
| Q2 24 | 30.0% | 20.1% |
每股收益（稀释后）ACGLLIN
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $3.28 | ||
| Q3 25 | $3.56 | $4.09 | ||
| Q2 25 | $3.23 | $3.73 | ||
| Q1 25 | $1.48 | $3.51 | ||
| Q4 24 | $2.41 | $3.61 | ||
| Q3 24 | $2.56 | $3.22 | ||
| Q2 24 | $3.30 | $3.44 |
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 | $5.1B |
| 总债务越低越好 | — | $20.7B |
| 股东权益账面价值 | $24.2B | $38.2B |
| 总资产 | $81.4B | $86.8B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资ACGLLIN
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $5.1B | ||
| Q3 25 | $1.1B | $4.5B | ||
| Q2 25 | $983.0M | $4.8B | ||
| Q1 25 | $1.2B | $5.3B | ||
| Q4 24 | $979.0M | $4.8B | ||
| Q3 24 | $1.0B | $5.2B | ||
| Q2 24 | $1.0B | $4.6B |
总债务ACGLLIN
| Q1 26 | — | — | ||
| Q4 25 | — | $20.7B | ||
| Q3 25 | — | $18.6B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | — | $17.6B | ||
| Q4 24 | — | $15.3B | ||
| Q3 24 | — | $17.5B | ||
| Q2 24 | — | $16.9B |
股东权益ACGLLIN
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $38.2B | ||
| Q3 25 | $23.7B | $38.6B | ||
| Q2 25 | $23.0B | $38.5B | ||
| Q1 25 | $21.5B | $38.0B | ||
| Q4 24 | $20.8B | $38.1B | ||
| Q3 24 | $22.3B | $39.2B | ||
| Q2 24 | $20.7B | $38.2B |
总资产ACGLLIN
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $86.8B | ||
| Q3 25 | $79.2B | $86.0B | ||
| Q2 25 | $78.8B | $86.1B | ||
| Q1 25 | $75.2B | $82.7B | ||
| Q4 24 | $70.9B | $80.1B | ||
| Q3 24 | $73.7B | $82.5B | ||
| Q2 24 | $65.5B | $80.2B |
负债/权益比ACGLLIN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.44× |
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 | $3.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.6B |
| 自由现金流率自由现金流/营收 | — | 17.9% |
| 资本支出强度资本支出/营收 | — | 16.6% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | $5.1B |
8季度趋势，按日历期对齐
经营现金流ACGLLIN
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $2.0B | $2.7B | ||
| Q2 24 | $1.5B | $1.9B |
自由现金流ACGLLIN
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $1.1B | $954.0M | ||
| Q1 25 | $1.4B | $891.0M | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $2.0B | $1.7B | ||
| Q2 24 | $1.5B | $796.0M |
自由现金流率ACGLLIN
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 17.9% | ||
| Q3 25 | 42.6% | 19.4% | ||
| Q2 25 | 21.3% | 11.2% | ||
| Q1 25 | 31.0% | 11.0% | ||
| Q4 24 | 34.3% | 18.8% | ||
| Q3 24 | 42.5% | 19.9% | ||
| Q2 24 | 35.6% | 9.6% |
资本支出强度ACGLLIN
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 16.6% | ||
| Q3 25 | 0.2% | 14.8% | ||
| Q2 25 | 0.2% | 14.8% | ||
| Q1 25 | 0.2% | 15.7% | ||
| Q4 24 | 0.3% | 15.1% | ||
| Q3 24 | 0.3% | 12.8% | ||
| Q2 24 | 0.3% | 13.7% |
现金转化率ACGLLIN
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.98× | ||
| Q3 25 | 1.62× | 1.53× | ||
| Q2 25 | 0.91× | 1.25× | ||
| Q1 25 | 2.54× | 1.29× | ||
| Q4 24 | 1.68× | 1.63× | ||
| Q3 24 | 2.04× | 1.76× | ||
| 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
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
