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Arch Capital Group（ACGL）与Progressive Corporation（PGR）财务数据对比。点击上方公司名可切换其他公司
Progressive Corporation的季度营收约是Arch Capital Group的4.6倍（$22.7B vs $4.9B）。Arch Capital Group净利率更高（25.1% vs 13.0%，领先12.1%）。Progressive Corporation同比增速更快（12.2% vs 8.5%）。Progressive Corporation自由现金流更多（$3.0B vs $1.4B）。过去两年Progressive Corporation的营收复合增速更高（14.9% vs 11.9%）
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。
美国Progressive Corporation是1937年由杰克·格林与约瑟夫·M·刘易斯联合创立的保险公司，总部位于俄亥俄州梅菲尔德，是美国第二大汽车保险服务商，仅次于州立农业保险。其业务覆盖乘用车、摩托车、房车、船只、商用车等险种，同时通过合作机构提供家财险、寿险、宠物险等多元保险产品。
ACGL vs PGR — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $22.7B |
| 净利润 | $1.2B | $3.0B |
| 毛利率 | — | — |
| 营业利润率 | — | 16.2% |
| 净利率 | 25.1% | 13.0% |
| 营收同比 | 8.5% | 12.2% |
| 净利润同比 | 32.4% | 25.3% |
| 每股收益（稀释后） | $3.33 | $5.01 |
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
| Q4 25 | $4.9B | $22.7B | ||
| Q3 25 | $5.1B | $22.5B | ||
| Q2 25 | $5.2B | $22.0B | ||
| Q1 25 | $4.7B | $20.4B | ||
| Q4 24 | $4.5B | $20.3B | ||
| Q3 24 | $4.7B | $19.7B | ||
| Q2 24 | $4.2B | $18.1B | ||
| Q1 24 | $3.9B | $17.2B |
| Q4 25 | $1.2B | $3.0B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $574.0M | $2.6B | ||
| Q4 24 | $935.0M | $2.4B | ||
| Q3 24 | $988.0M | $2.3B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.1B | $2.3B |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 15.9% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 10.3% | ||
| Q1 24 | — | 17.1% |
| Q4 25 | 25.1% | 13.0% | ||
| Q3 25 | 26.4% | 11.6% | ||
| Q2 25 | 23.7% | 14.4% | ||
| Q1 25 | 12.3% | 12.6% | ||
| Q4 24 | 20.6% | 11.6% | ||
| Q3 24 | 20.9% | 11.8% | ||
| Q2 24 | 30.0% | 8.0% | ||
| Q1 24 | 28.4% | 13.5% |
| Q4 25 | $3.33 | $5.01 | ||
| Q3 25 | $3.56 | $4.45 | ||
| Q2 25 | $3.23 | $5.40 | ||
| Q1 25 | $1.48 | $4.37 | ||
| Q4 24 | $2.41 | $4.01 | ||
| Q3 24 | $2.56 | $3.97 | ||
| Q2 24 | $3.30 | $2.48 | ||
| Q1 24 | $2.92 | $3.94 |
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 | $993.0M | $10.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $30.3B |
| 总资产 | $79.2B | $123.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $993.0M | $10.0B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $983.0M | $2.1B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $979.0M | $615.0M | ||
| Q3 24 | $1.0B | $757.0M | ||
| Q2 24 | $1.0B | $733.0M | ||
| Q1 24 | $993.0M | $1.3B |
| Q4 25 | $24.2B | $30.3B | ||
| Q3 25 | $23.7B | $35.4B | ||
| Q2 25 | $23.0B | $32.6B | ||
| Q1 25 | $21.5B | $29.0B | ||
| Q4 24 | $20.8B | $25.6B | ||
| Q3 24 | $22.3B | $27.2B | ||
| Q2 24 | $20.7B | $23.3B | ||
| Q1 24 | $19.4B | $21.8B |
| Q4 25 | $79.2B | $123.0B | ||
| Q3 25 | $79.2B | $121.5B | ||
| Q2 25 | $78.8B | $115.5B | ||
| Q1 25 | $75.2B | $111.4B | ||
| Q4 24 | $70.9B | $105.7B | ||
| Q3 24 | $73.7B | $105.2B | ||
| Q2 24 | $65.5B | $97.9B | ||
| Q1 24 | $62.8B | $94.1B |
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 | $1.4B | $3.2B |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $3.0B |
| 自由现金流率自由现金流/营收 | 28.2% | 13.4% |
| 资本支出强度资本支出/营收 | 0.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.07× |
| 过去12个月自由现金流最近4个季度 | $6.1B | $17.2B |
8季度趋势，按日历期对齐
| Q4 25 | $1.4B | $3.2B | ||
| Q3 25 | $2.2B | $5.2B | ||
| Q2 25 | $1.1B | $4.0B | ||
| Q1 25 | $1.5B | $5.1B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $2.0B | $4.6B | ||
| Q2 24 | $1.5B | $3.3B | ||
| Q1 24 | $1.6B | $4.2B |
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $1.1B | $3.9B | ||
| Q1 25 | $1.4B | $5.1B | ||
| Q4 24 | $1.6B | $2.9B | ||
| Q3 24 | $2.0B | $4.6B | ||
| Q2 24 | $1.5B | $3.2B | ||
| Q1 24 | $1.5B | $4.2B |
| Q4 25 | 28.2% | 13.4% | ||
| Q3 25 | 42.6% | 22.8% | ||
| Q2 25 | 21.3% | 17.9% | ||
| Q1 25 | 31.0% | 24.9% | ||
| Q4 24 | 34.3% | 14.3% | ||
| Q3 24 | 42.5% | 23.1% | ||
| Q2 24 | 35.6% | 17.6% | ||
| Q1 24 | 39.3% | 24.3% |
| Q4 25 | 0.2% | 0.5% | ||
| Q3 25 | 0.2% | 0.3% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.2% | 0.3% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 0.3% | 0.3% | ||
| Q2 24 | 0.3% | 0.4% | ||
| Q1 24 | 0.4% | 0.3% |
| Q4 25 | 1.13× | 1.07× | ||
| Q3 25 | 1.62× | 1.99× | ||
| Q2 25 | 0.91× | 1.27× | ||
| Q1 25 | 2.54× | 2.00× | ||
| Q4 24 | 1.68× | 1.28× | ||
| Q3 24 | 2.04× | 1.97× | ||
| Q2 24 | 1.20× | 2.24× | ||
| Q1 24 | 1.40× | 1.82× |
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
PGR
| Other | $11.9B | 52% |
| Commercial Lines Segment | $10.9B | 48% |
| Other Indemnity | $2.0M | 0% |
