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Arch Capital Group（ACGL）与PG&E Corporation（PCG）财务数据对比。点击上方公司名可切换其他公司
PG&E Corporation的季度营收约是Arch Capital Group的1.5倍（$6.9B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 12.9%，领先10.3%），PG&E Corporation同比增速更快（15.0% vs -3.3%），过去两年PG&E Corporation的营收复合增速更高（7.2% 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。
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
ACGL vs PCG — 直观对比
营收规模更大
PCG
是对方的1.5倍
$4.5B
营收增速更快
PCG
高出18.3%
-3.3%
净利率更高
ACGL
高出10.3%
12.9%
两年增速更快
PCG
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.9B |
| 净利润 | $1.0B | $885.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 21.4% |
| 净利率 | 23.2% | 12.9% |
| 营收同比 | -3.3% | 15.0% |
| 净利润同比 | 82.4% | 39.6% |
| 每股收益（稀释后） | $2.88 | $0.39 |
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ACGLPCG
| Q1 26 | $4.5B | $6.9B | ||
| Q4 25 | $4.9B | $6.8B | ||
| Q3 25 | $5.1B | $6.3B | ||
| Q2 25 | $5.2B | $5.9B | ||
| Q1 25 | $4.7B | $6.0B | ||
| Q4 24 | $4.5B | $6.6B | ||
| Q3 24 | $4.7B | $5.9B | ||
| Q2 24 | $4.2B | $6.0B |
净利润ACGLPCG
| Q1 26 | $1.0B | $885.0M | ||
| Q4 25 | $1.2B | $670.0M | ||
| Q3 25 | $1.4B | $850.0M | ||
| Q2 25 | $1.2B | $549.0M | ||
| Q1 25 | $574.0M | $634.0M | ||
| Q4 24 | $935.0M | $674.0M | ||
| Q3 24 | $988.0M | $579.0M | ||
| Q2 24 | $1.3B | $524.0M |
营业利润率ACGLPCG
| Q1 26 | — | 21.4% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 18.6% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 18.9% |
净利率ACGLPCG
| Q1 26 | 23.2% | 12.9% | ||
| Q4 25 | 25.1% | 9.8% | ||
| Q3 25 | 26.4% | 13.6% | ||
| Q2 25 | 23.7% | 9.3% | ||
| Q1 25 | 12.3% | 10.6% | ||
| Q4 24 | 20.6% | 10.2% | ||
| Q3 24 | 20.9% | 9.7% | ||
| Q2 24 | 30.0% | 8.8% |
每股收益（稀释后）ACGLPCG
| Q1 26 | $2.88 | $0.39 | ||
| Q4 25 | $3.33 | $0.29 | ||
| Q3 25 | $3.56 | $0.37 | ||
| Q2 25 | $3.23 | $0.24 | ||
| Q1 25 | $1.48 | $0.28 | ||
| Q4 24 | $2.41 | $0.30 | ||
| Q3 24 | $2.56 | $0.27 | ||
| Q2 24 | $3.30 | $0.24 |
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 | — |
| 总资产 | $81.4B | — |
| 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ACGLPCG
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $713.0M | ||
| Q3 25 | $1.1B | $404.0M | ||
| Q2 25 | $983.0M | $494.0M | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $979.0M | $940.0M | ||
| Q3 24 | $1.0B | $895.0M | ||
| Q2 24 | $1.0B | $1.3B |
总债务ACGLPCG
| Q1 26 | — | — | ||
| Q4 25 | — | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ACGLPCG
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $32.5B | ||
| Q3 25 | $23.7B | $32.0B | ||
| Q2 25 | $23.0B | $31.2B | ||
| Q1 25 | $21.5B | $30.7B | ||
| Q4 24 | $20.8B | $30.1B | ||
| Q3 24 | $22.3B | $26.8B | ||
| Q2 24 | $20.7B | $26.3B |
总资产ACGLPCG
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $141.6B | ||
| Q3 25 | $79.2B | $138.2B | ||
| Q2 25 | $78.8B | $136.4B | ||
| Q1 25 | $75.2B | $135.4B | ||
| Q4 24 | $70.9B | $133.7B | ||
| Q3 24 | $73.7B | $132.3B | ||
| Q2 24 | $65.5B | $130.8B |
负债/权益比ACGLPCG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ACGLPCG
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.5B | $2.8B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $1.5B | $711.0M |
自由现金流ACGLPCG
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-1.2B | ||
| Q3 25 | $2.2B | $-80.0M | ||
| Q2 25 | $1.1B | $-2.0B | ||
| Q1 25 | $1.4B | $213.0M | ||
| Q4 24 | $1.6B | $-896.0M | ||
| Q3 24 | $2.0B | $526.0M | ||
| Q2 24 | $1.5B | $-1.6B |
自由现金流率ACGLPCG
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -17.6% | ||
| Q3 25 | 42.6% | -1.3% | ||
| Q2 25 | 21.3% | -34.0% | ||
| Q1 25 | 31.0% | 3.6% | ||
| Q4 24 | 34.3% | -13.5% | ||
| Q3 24 | 42.5% | 8.9% | ||
| Q2 24 | 35.6% | -26.5% |
资本支出强度ACGLPCG
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 46.4% | ||
| Q3 25 | 0.2% | 46.9% | ||
| Q2 25 | 0.2% | 52.0% | ||
| Q1 25 | 0.2% | 44.0% | ||
| Q4 24 | 0.3% | 42.6% | ||
| Q3 24 | 0.3% | 43.8% | ||
| Q2 24 | 0.3% | 38.4% |
现金转化率ACGLPCG
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 2.93× | ||
| Q3 25 | 1.62× | 3.35× | ||
| Q2 25 | 0.91× | 1.93× | ||
| Q1 25 | 2.54× | 4.49× | ||
| Q4 24 | 1.68× | 2.87× | ||
| Q3 24 | 2.04× | 5.41× | ||
| Q2 24 | 1.20× | 1.36× |
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
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
