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Arch Capital Group（ACGL）与PulteGroup（PHM）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PulteGroup的1.3倍（$4.5B vs $3.4B），Arch Capital Group净利率更高（23.2% vs 10.2%，领先13.0%），Arch Capital Group同比增速更快（-3.3% vs -12.4%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -13.9%）
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。
PulteGroup Inc.是总部位于美国佐治亚州亚特兰大的住宅建造企业，2023年按房屋交付量统计为美国第三大住宅建造商，自成立以来累计已建成超过77.5万套住宅，是美国住宅开发领域的领先企业之一。
ACGL vs PHM — 直观对比
营收规模更大
ACGL
是对方的1.3倍
$3.4B
营收增速更快
ACGL
高出9.2%
-12.4%
净利率更高
ACGL
高出13.0%
10.2%
两年增速更快
ACGL
近两年复合增速
-13.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $3.4B |
| 净利润 | $1.0B | $347.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 23.2% | 10.2% |
| 营收同比 | -3.3% | -12.4% |
| 净利润同比 | 82.4% | -33.6% |
| 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ACGLPHM
| Q1 26 | $4.5B | $3.4B | ||
| Q4 25 | $4.9B | $4.6B | ||
| Q3 25 | $5.1B | $4.4B | ||
| Q2 25 | $5.2B | $4.4B | ||
| Q1 25 | $4.7B | $3.9B | ||
| Q4 24 | $4.5B | $4.9B | ||
| Q3 24 | $4.7B | $4.5B | ||
| Q2 24 | $4.2B | $4.6B |
净利润ACGLPHM
| Q1 26 | $1.0B | $347.0M | ||
| Q4 25 | $1.2B | $501.6M | ||
| Q3 25 | $1.4B | $585.8M | ||
| Q2 25 | $1.2B | $608.5M | ||
| Q1 25 | $574.0M | $522.8M | ||
| Q4 24 | $935.0M | $913.2M | ||
| Q3 24 | $988.0M | $697.9M | ||
| Q2 24 | $1.3B | $809.1M |
毛利率ACGLPHM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 31.4% |
净利率ACGLPHM
| Q1 26 | 23.2% | 10.2% | ||
| Q4 25 | 25.1% | 10.9% | ||
| Q3 25 | 26.4% | 13.3% | ||
| Q2 25 | 23.7% | 13.8% | ||
| Q1 25 | 12.3% | 13.4% | ||
| Q4 24 | 20.6% | 18.6% | ||
| Q3 24 | 20.9% | 15.6% | ||
| Q2 24 | 30.0% | 17.6% |
每股收益（稀释后）ACGLPHM
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $2.56 | ||
| Q3 25 | $3.56 | $2.96 | ||
| Q2 25 | $3.23 | $3.03 | ||
| Q1 25 | $1.48 | $2.57 | ||
| Q4 24 | $2.41 | $4.41 | ||
| Q3 24 | $2.56 | $3.35 | ||
| Q2 24 | $3.30 | $3.83 |
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 | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $13.0B |
| 总资产 | $81.4B | $5.2B |
| 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ACGLPHM
| Q1 26 | $24.0M | $1.8B | ||
| Q4 25 | $993.0M | $2.0B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $983.0M | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $979.0M | $1.6B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.0B | $1.4B |
总债务ACGLPHM
| Q1 26 | — | — | ||
| Q4 25 | — | $43.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $31.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ACGLPHM
| Q1 26 | $24.2B | $13.0B | ||
| Q4 25 | $24.2B | $13.0B | ||
| Q3 25 | $23.7B | $12.8B | ||
| Q2 25 | $23.0B | $12.6B | ||
| Q1 25 | $21.5B | $12.3B | ||
| Q4 24 | $20.8B | $12.1B | ||
| Q3 24 | $22.3B | $11.6B | ||
| Q2 24 | $20.7B | $11.2B |
总资产ACGLPHM
| Q1 26 | $81.4B | $5.2B | ||
| Q4 25 | $79.2B | $18.0B | ||
| Q3 25 | $79.2B | $17.9B | ||
| Q2 25 | $78.8B | $17.6B | ||
| Q1 25 | $75.2B | $17.3B | ||
| Q4 24 | $70.9B | $17.4B | ||
| Q3 24 | $73.7B | $17.0B | ||
| Q2 24 | $65.5B | $16.5B |
负债/权益比ACGLPHM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | $159.8M |
| 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 | — | 0.7% |
| 现金转化率经营现金流/净利润 | 1.13× | 0.46× |
| 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ACGLPHM
| Q1 26 | $1.2B | $159.8M | ||
| Q4 25 | $1.4B | $771.1M | ||
| Q3 25 | $2.2B | $678.4M | ||
| Q2 25 | $1.1B | $287.5M | ||
| Q1 25 | $1.5B | $134.2M | ||
| Q4 24 | $1.6B | $567.6M | ||
| Q3 24 | $2.0B | $455.9M | ||
| Q2 24 | $1.5B | $417.5M |
自由现金流ACGLPHM
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $739.8M | ||
| Q3 25 | $2.2B | $651.1M | ||
| Q2 25 | $1.1B | $253.0M | ||
| Q1 25 | $1.4B | $104.6M | ||
| Q4 24 | $1.6B | $543.1M | ||
| Q3 24 | $2.0B | $417.2M | ||
| Q2 24 | $1.5B | $386.2M |
自由现金流率ACGLPHM
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 16.0% | ||
| Q3 25 | 42.6% | 14.8% | ||
| Q2 25 | 21.3% | 5.7% | ||
| Q1 25 | 31.0% | 2.7% | ||
| Q4 24 | 34.3% | 11.0% | ||
| Q3 24 | 42.5% | 9.3% | ||
| Q2 24 | 35.6% | 8.4% |
资本支出强度ACGLPHM
| Q1 26 | — | 0.7% | ||
| Q4 25 | 0.2% | 0.7% | ||
| Q3 25 | 0.2% | 0.6% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 0.3% | 0.9% | ||
| Q2 24 | 0.3% | 0.7% |
现金转化率ACGLPHM
| Q1 26 | 1.13× | 0.46× | ||
| Q4 25 | 1.13× | 1.54× | ||
| Q3 25 | 1.62× | 1.16× | ||
| Q2 25 | 0.91× | 0.47× | ||
| Q1 25 | 2.54× | 0.26× | ||
| Q4 24 | 1.68× | 0.62× | ||
| Q3 24 | 2.04× | 0.65× | ||
| Q2 24 | 1.20× | 0.52× |
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
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
