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Arch Capital Group（ACGL）与帕卡（PCAR）财务数据对比。点击上方公司名可切换其他公司
帕卡的季度营收约是Arch Capital Group的1.5倍（$6.8B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 8.2%，领先15.0%），Arch Capital Group同比增速更快（-3.3% vs -13.7%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -11.7%）
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。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
ACGL vs PCAR — 直观对比
营收规模更大
PCAR
是对方的1.5倍
$4.5B
营收增速更快
ACGL
高出10.5%
-13.7%
净利率更高
ACGL
高出15.0%
8.2%
两年增速更快
ACGL
近两年复合增速
-11.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.8B |
| 净利润 | $1.0B | $556.9M |
| 毛利率 | — | 19.3% |
| 营业利润率 | — | 10.3% |
| 净利率 | 23.2% | 8.2% |
| 营收同比 | -3.3% | -13.7% |
| 净利润同比 | 82.4% | -36.1% |
| 每股收益（稀释后） | $2.88 | $1.06 |
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ACGLPCAR
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $6.8B | ||
| Q3 25 | $5.1B | $6.7B | ||
| Q2 25 | $5.2B | $7.5B | ||
| Q1 25 | $4.7B | $7.4B | ||
| Q4 24 | $4.5B | $7.9B | ||
| Q3 24 | $4.7B | $8.2B | ||
| Q2 24 | $4.2B | $8.8B |
净利润ACGLPCAR
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $556.9M | ||
| Q3 25 | $1.4B | $590.0M | ||
| Q2 25 | $1.2B | $723.8M | ||
| Q1 25 | $574.0M | $505.1M | ||
| Q4 24 | $935.0M | $872.0M | ||
| Q3 24 | $988.0M | $972.1M | ||
| Q2 24 | $1.3B | $1.1B |
毛利率ACGLPCAR
| Q1 26 | — | — | ||
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 22.8% |
营业利润率ACGLPCAR
| Q1 26 | — | — | ||
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 16.7% |
净利率ACGLPCAR
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 8.2% | ||
| Q3 25 | 26.4% | 8.8% | ||
| Q2 25 | 23.7% | 9.6% | ||
| Q1 25 | 12.3% | 6.8% | ||
| Q4 24 | 20.6% | 11.0% | ||
| Q3 24 | 20.9% | 11.8% | ||
| Q2 24 | 30.0% | 12.8% |
每股收益（稀释后）ACGLPCAR
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $1.06 | ||
| Q3 25 | $3.56 | $1.12 | ||
| Q2 25 | $3.23 | $1.37 | ||
| Q1 25 | $1.48 | $0.96 | ||
| Q4 24 | $2.41 | $1.65 | ||
| Q3 24 | $2.56 | $1.85 | ||
| Q2 24 | $3.30 | $2.13 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $19.3B |
| 总资产 | $81.4B | $44.3B |
| 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ACGLPCAR
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $983.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $979.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
股东权益ACGLPCAR
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $19.3B | ||
| Q3 25 | $23.7B | $19.4B | ||
| Q2 25 | $23.0B | $18.9B | ||
| Q1 25 | $21.5B | $18.0B | ||
| Q4 24 | $20.8B | $17.5B | ||
| Q3 24 | $22.3B | $18.7B | ||
| Q2 24 | $20.7B | $17.7B |
总资产ACGLPCAR
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $44.3B | ||
| Q3 25 | $79.2B | $44.2B | ||
| Q2 25 | $78.8B | $44.1B | ||
| Q1 25 | $75.2B | $42.7B | ||
| Q4 24 | $70.9B | $43.4B | ||
| Q3 24 | $73.7B | $43.3B | ||
| Q2 24 | $65.5B | $41.2B |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $954.4M |
| 自由现金流率自由现金流/营收 | — | 14.0% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.05× |
| 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ACGLPCAR
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.1B | $833.4M | ||
| Q1 25 | $1.5B | $910.3M | ||
| Q4 24 | $1.6B | $1.4B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.5B | $440.0M |
自由现金流ACGLPCAR
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $954.4M | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $1.1B | $611.3M | ||
| Q1 25 | $1.4B | $745.2M | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.5B | $219.7M |
自由现金流率ACGLPCAR
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 14.0% | ||
| Q3 25 | 42.6% | 20.4% | ||
| Q2 25 | 21.3% | 8.1% | ||
| Q1 25 | 31.0% | 10.0% | ||
| Q4 24 | 34.3% | 15.3% | ||
| Q3 24 | 42.5% | 13.3% | ||
| Q2 24 | 35.6% | 2.5% |
资本支出强度ACGLPCAR
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.8% | ||
| Q3 25 | 0.2% | 2.5% | ||
| Q2 25 | 0.2% | 3.0% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.3% | 3.0% | ||
| Q3 24 | 0.3% | 2.4% | ||
| Q2 24 | 0.3% | 2.5% |
现金转化率ACGLPCAR
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 2.05× | ||
| Q3 25 | 1.62× | 2.59× | ||
| Q2 25 | 0.91× | 1.15× | ||
| Q1 25 | 2.54× | 1.80× | ||
| Q4 24 | 1.68× | 1.66× | ||
| Q3 24 | 2.04× | 1.32× | ||
| Q2 24 | 1.20× | 0.39× |
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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
