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Arch Capital Group（ACGL）与LM FUNDING AMERICA, INC.（LMFA）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LM FUNDING AMERICA, INC.的2084.7倍（$4.9B vs $2.4M），LM FUNDING AMERICA, INC.同比增速更快（19.2% vs 8.5%），Arch Capital Group自由现金流更多（$1.4B vs $-16.2M），过去两年Arch Capital Group的营收复合增速更高（11.9% vs -29.4%）
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。
LM Funding America, Inc.是一家总部位于美国的专业金融服务企业，主要业务为收购、管理及处置逾期不动产税收留置权，服务于美国多地地方政府机构与房地产市场参与主体，核心业务板块聚焦于财产税债权相关的另类资产投资。
ACGL vs LMFA — 直观对比
营收规模更大
ACGL
是对方的2084.7倍
$2.4M
LM
营收增速更快
LM
LMFA
高出10.7%
LM
19.2%8.5%
自由现金流更多
ACGL
多$1.4B
$-16.2M
LM
两年增速更快
ACGL
近两年复合增速
-29.4%
LM
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | LM LMFA |
|---|---|---|
| 营收 | $4.9B | $2.4M |
| 净利润 | $1.2B | — |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 25.1% | — |
| 营收同比 | 8.5% | 19.2% |
| 净利润同比 | 32.4% | — |
| 每股收益（稀释后） | $3.33 | — |
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ACGL
LM
LMFA| Q4 25 | $4.9B | $2.4M | ||
| Q3 25 | $5.1B | $2.2M | ||
| Q2 25 | $5.2B | $1.9M | ||
| Q1 25 | $4.7B | $2.4M | ||
| Q4 24 | $4.5B | $2.0M | ||
| Q3 24 | $4.7B | $1.3M | ||
| Q2 24 | $4.2B | $3.0M | ||
| Q1 24 | $3.9B | $4.7M |
净利润ACGL
LM
LMFA| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.4B | $-3.7M | ||
| Q2 25 | $1.2B | $100.6K | ||
| Q1 25 | $574.0M | $-5.4M | ||
| Q4 24 | $935.0M | — | ||
| Q3 24 | $988.0M | $-4.3M | ||
| Q2 24 | $1.3B | $-5.6M | ||
| Q1 24 | $1.1B | $1.9M |
营业利润率ACGL
LM
LMFA| Q4 25 | — | — | ||
| Q3 25 | — | -161.5% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | -215.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -318.6% | ||
| Q2 24 | — | -143.2% | ||
| Q1 24 | — | 21.2% |
净利率ACGL
LM
LMFA| Q4 25 | 25.1% | — | ||
| Q3 25 | 26.4% | -171.2% | ||
| Q2 25 | 23.7% | 5.2% | ||
| Q1 25 | 12.3% | -227.7% | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 20.9% | -341.2% | ||
| Q2 24 | 30.0% | -186.2% | ||
| Q1 24 | 28.4% | 40.9% |
每股收益（稀释后）ACGL
LM
LMFA| Q4 25 | $3.33 | — | ||
| Q3 25 | $3.56 | $-0.41 | ||
| Q2 25 | $3.23 | $0.02 | ||
| Q1 25 | $1.48 | $-1.05 | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $2.56 | $-2.25 | ||
| Q2 24 | $3.30 | $-2.26 | ||
| Q1 24 | $2.92 | $0.80 |
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 | | LM LMFA |
|---|---|---|
| 现金及短期投资手头流动性 | $993.0M | $37.4K |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $30.6M |
| 总资产 | $79.2B | $51.3M |
| 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ACGL
LM
LMFA| Q4 25 | $993.0M | $37.4K | ||
| Q3 25 | $1.1B | $23.6K | ||
| Q2 25 | $983.0M | $13.2K | ||
| Q1 25 | $1.2B | $18.3K | ||
| Q4 24 | $979.0M | $27.1K | ||
| Q3 24 | $1.0B | $18.8K | ||
| Q2 24 | $1.0B | $22.1K | ||
| Q1 24 | $993.0M | $15.7K |
股东权益ACGL
LM
LMFA| Q4 25 | $24.2B | $30.6M | ||
| Q3 25 | $23.7B | $50.1M | ||
| Q2 25 | $23.0B | $31.9M | ||
| Q1 25 | $21.5B | $31.7M | ||
| Q4 24 | $20.8B | $37.0M | ||
| Q3 24 | $22.3B | $30.2M | ||
| Q2 24 | $20.7B | $32.5M | ||
| Q1 24 | $19.4B | $38.5M |
总资产ACGL
LM
LMFA| Q4 25 | $79.2B | $51.3M | ||
| Q3 25 | $79.2B | $60.2M | ||
| Q2 25 | $78.8B | $39.0M | ||
| Q1 25 | $75.2B | $39.1M | ||
| Q4 24 | $70.9B | $44.0M | ||
| Q3 24 | $73.7B | $37.9M | ||
| Q2 24 | $65.5B | $35.1M | ||
| Q1 24 | $62.8B | $40.6M |
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 | | LM LMFA |
|---|---|---|
| 经营现金流最新季度 | $1.4B | $-14.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $-16.2M |
| 自由现金流率自由现金流/营收 | 28.2% | -684.3% |
| 资本支出强度资本支出/营收 | 0.2% | 93.2% |
| 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 | $-25.6M |
8季度趋势，按日历期对齐
经营现金流ACGL
LM
LMFA| Q4 25 | $1.4B | $-14.0M | ||
| Q3 25 | $2.2B | $-3.1M | ||
| Q2 25 | $1.1B | $-2.8M | ||
| Q1 25 | $1.5B | $-2.9M | ||
| Q4 24 | $1.6B | $-11.9M | ||
| Q3 24 | $2.0B | $-2.7M | ||
| Q2 24 | $1.5B | $-3.0M | ||
| Q1 24 | $1.6B | $-3.0M |
自由现金流ACGL
LM
LMFA| Q4 25 | $1.4B | $-16.2M | ||
| Q3 25 | $2.2B | $-3.3M | ||
| Q2 25 | $1.1B | $-3.0M | ||
| Q1 25 | $1.4B | $-3.1M | ||
| Q4 24 | $1.6B | $-13.7M | ||
| Q3 24 | $2.0B | $-2.7M | ||
| Q2 24 | $1.5B | $-4.2M | ||
| Q1 24 | $1.5B | — |
自由现金流率ACGL
LM
LMFA| Q4 25 | 28.2% | -684.3% | ||
| Q3 25 | 42.6% | -152.1% | ||
| Q2 25 | 21.3% | -156.7% | ||
| Q1 25 | 31.0% | -129.4% | ||
| Q4 24 | 34.3% | -689.0% | ||
| Q3 24 | 42.5% | -215.3% | ||
| Q2 24 | 35.6% | -140.9% | ||
| Q1 24 | 39.3% | — |
资本支出强度ACGL
LM
LMFA| Q4 25 | 0.2% | 93.2% | ||
| Q3 25 | 0.2% | 11.9% | ||
| Q2 25 | 0.2% | 10.7% | ||
| Q1 25 | 0.2% | 7.2% | ||
| Q4 24 | 0.3% | 87.3% | ||
| Q3 24 | 0.3% | 0.1% | ||
| Q2 24 | 0.3% | 40.7% | ||
| Q1 24 | 0.4% | 0.0% |
现金转化率ACGL
LM
LMFA| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.91× | -27.99× | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 1.40× | -1.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
