vs
Arch Capital Group（ACGL）与MPLX LP（MPLX）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MPLX LP的1.8倍（$4.5B vs $2.5B），MPLX LP净利率更高（49.1% vs 23.2%，领先25.9%），MPLX LP同比增速更快（1.4% vs -3.3%），过去两年MPLX LP的营收复合增速更高（6.2% 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。
MPLX LP旗下子公司MarkWest Energy Partners是美国业主有限合伙企业，主营天然气收集、加工及运输业务。该公司1988年成立于科罗拉多州丹佛市，曾发展为科罗拉多州第13大企业，2015年被马拉松石油旗下的MPLX收购。
ACGL vs MPLX — 直观对比
营收规模更大
ACGL
是对方的1.8倍
$2.5B
营收增速更快
MPLX
高出4.7%
-3.3%
净利率更高
MPLX
高出25.9%
23.2%
两年增速更快
MPLX
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.5B |
| 净利润 | $1.0B | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | — | 60.5% |
| 净利率 | 23.2% | 49.1% |
| 营收同比 | -3.3% | 1.4% |
| 净利润同比 | 82.4% | 8.5% |
| 每股收益（稀释后） | $2.88 | — |
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ACGLMPLX
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $2.5B | ||
| Q3 25 | $5.1B | $2.5B | ||
| Q2 25 | $5.2B | $2.4B | ||
| Q1 25 | $4.7B | $2.5B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.7B | $2.3B | ||
| Q2 24 | $4.2B | $2.3B |
净利润ACGLMPLX
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $574.0M | $1.1B | ||
| Q4 24 | $935.0M | $1.1B | ||
| Q3 24 | $988.0M | $1.0B | ||
| Q2 24 | $1.3B | $1.2B |
营业利润率ACGLMPLX
| Q1 26 | — | — | ||
| Q4 25 | — | 60.5% | ||
| Q3 25 | — | 73.2% | ||
| Q2 25 | — | 54.9% | ||
| Q1 25 | — | 55.5% | ||
| Q4 24 | — | 55.6% | ||
| Q3 24 | — | 54.4% | ||
| Q2 24 | — | 62.9% |
净利率ACGLMPLX
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 49.1% | ||
| Q3 25 | 26.4% | 63.2% | ||
| Q2 25 | 23.7% | 44.9% | ||
| Q1 25 | 12.3% | 46.2% | ||
| Q4 24 | 20.6% | 45.9% | ||
| Q3 24 | 20.9% | 44.6% | ||
| Q2 24 | 30.0% | 52.6% |
每股收益（稀释后）ACGLMPLX
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | — | ||
| Q3 25 | $3.56 | — | ||
| Q2 25 | $3.23 | — | ||
| Q1 25 | $1.48 | — | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $2.56 | — | ||
| Q2 24 | $3.30 | — |
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 | $2.1B |
| 总债务越低越好 | — | $24.2B |
| 股东权益账面价值 | $24.2B | — |
| 总资产 | $81.4B | $43.0B |
| 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ACGLMPLX
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $2.1B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $983.0M | $1.4B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $979.0M | $1.5B | ||
| Q3 24 | $1.0B | $2.4B | ||
| Q2 24 | $1.0B | $2.5B |
总债务ACGLMPLX
| Q1 26 | — | — | ||
| Q4 25 | — | $24.2B | ||
| Q3 25 | — | $24.1B | ||
| Q2 25 | — | $19.7B | ||
| Q1 25 | — | $19.7B | ||
| Q4 24 | — | $19.3B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $19.2B |
股东权益ACGLMPLX
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | — | ||
| Q3 25 | $23.7B | — | ||
| Q2 25 | $23.0B | — | ||
| Q1 25 | $21.5B | — | ||
| Q4 24 | $20.8B | — | ||
| Q3 24 | $22.3B | — | ||
| Q2 24 | $20.7B | — |
总资产ACGLMPLX
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $43.0B | ||
| Q3 25 | $79.2B | $43.2B | ||
| Q2 25 | $78.8B | $37.8B | ||
| Q1 25 | $75.2B | $39.0B | ||
| Q4 24 | $70.9B | $37.5B | ||
| Q3 24 | $73.7B | $38.5B | ||
| Q2 24 | $65.5B | $38.4B |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $782.0M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 29.1% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $4.1B |
8季度趋势，按日历期对齐
经营现金流ACGLMPLX
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $1.5B | $1.6B |
自由现金流ACGLMPLX
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $782.0M | ||
| Q3 25 | $2.2B | $905.0M | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.4B | $979.0M | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.5B | $1.4B |
自由现金流率ACGLMPLX
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 31.9% | ||
| Q3 25 | 42.6% | 36.8% | ||
| Q2 25 | 21.3% | 60.9% | ||
| Q1 25 | 31.0% | 39.8% | ||
| Q4 24 | 34.3% | 56.6% | ||
| Q3 24 | 42.5% | 48.4% | ||
| Q2 24 | 35.6% | 60.0% |
资本支出强度ACGLMPLX
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 29.1% | ||
| Q3 25 | 0.2% | 21.4% | ||
| Q2 25 | 0.2% | 12.8% | ||
| Q1 25 | 0.2% | 10.9% | ||
| Q4 24 | 0.3% | 12.7% | ||
| Q3 24 | 0.3% | 11.9% | ||
| Q2 24 | 0.3% | 9.4% |
现金转化率ACGLMPLX
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.24× | ||
| Q3 25 | 1.62× | 0.92× | ||
| Q2 25 | 0.91× | 1.64× | ||
| Q1 25 | 2.54× | 1.10× | ||
| Q4 24 | 1.68× | 1.51× | ||
| Q3 24 | 2.04× | 1.35× | ||
| Q2 24 | 1.20× | 1.32× |
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
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
