vs
Arch Capital Group（ACGL）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.7倍（$4.5B vs $2.7B），Arch Capital Group净利率更高（23.2% vs -1.4%，领先24.5%），Arch Capital Group同比增速更快（-3.3% vs -9.1%），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
ACGL vs QVCGA — 直观对比
营收规模更大
ACGL
是对方的1.7倍
$2.7B
营收增速更快
ACGL
高出5.9%
-9.1%
净利率更高
ACGL
高出24.5%
-1.4%
两年增速更快
QVCGA
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.7B |
| 净利润 | $1.0B | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | — | 3.7% |
| 净利率 | 23.2% | -1.4% |
| 营收同比 | -3.3% | -9.1% |
| 净利润同比 | 82.4% | 97.1% |
| 每股收益（稀释后） | $2.88 | $-17.37 |
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ACGLQVCGA
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $2.7B | ||
| Q3 25 | $5.1B | $2.2B | ||
| Q2 25 | $5.2B | $2.2B | ||
| Q1 25 | $4.7B | $2.1B | ||
| Q4 24 | $4.5B | $2.9B | ||
| Q3 24 | $4.7B | $2.3B | ||
| Q2 24 | $4.2B | $2.4B |
净利润ACGLQVCGA
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $-37.0M | ||
| Q3 25 | $1.4B | $-80.0M | ||
| Q2 25 | $1.2B | $-2.2B | ||
| Q1 25 | $574.0M | $-100.0M | ||
| Q4 24 | $935.0M | $-1.3B | ||
| Q3 24 | $988.0M | $-23.0M | ||
| Q2 24 | $1.3B | $20.0M |
毛利率ACGLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.4% |
营业利润率ACGLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | -101.6% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | -43.2% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | — | 6.9% |
净利率ACGLQVCGA
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | -1.4% | ||
| Q3 25 | 26.4% | -3.6% | ||
| Q2 25 | 23.7% | -99.4% | ||
| Q1 25 | 12.3% | -4.8% | ||
| Q4 24 | 20.6% | -43.7% | ||
| Q3 24 | 20.9% | -1.0% | ||
| Q2 24 | 30.0% | 0.8% |
每股收益（稀释后）ACGLQVCGA
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $-17.37 | ||
| Q3 25 | $3.56 | $-9.89 | ||
| Q2 25 | $3.23 | $-275.46 | ||
| Q1 25 | $1.48 | $-0.25 | ||
| Q4 24 | $2.41 | — | ||
| Q3 24 | $2.56 | $-0.06 | ||
| Q2 24 | $3.30 | $2.57 |
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 | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $24.2B | $-3.1B |
| 总资产 | $81.4B | $7.6B |
| 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ACGLQVCGA
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $2.0B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $983.0M | $897.0M | ||
| Q1 25 | $1.2B | $833.0M | ||
| Q4 24 | $979.0M | $905.0M | ||
| Q3 24 | $1.0B | $873.0M | ||
| Q2 24 | $1.0B | $1.2B |
总债务ACGLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B |
股东权益ACGLQVCGA
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $-3.1B | ||
| Q3 25 | $23.7B | $-3.1B | ||
| Q2 25 | $23.0B | $-3.0B | ||
| Q1 25 | $21.5B | $-981.0M | ||
| Q4 24 | $20.8B | $-971.0M | ||
| Q3 24 | $22.3B | $397.0M | ||
| Q2 24 | $20.7B | $328.0M |
总资产ACGLQVCGA
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $7.6B | ||
| Q3 25 | $79.2B | $7.6B | ||
| Q2 25 | $78.8B | $6.7B | ||
| Q1 25 | $75.2B | $9.0B | ||
| Q4 24 | $70.9B | $9.2B | ||
| Q3 24 | $73.7B | $10.8B | ||
| Q2 24 | $65.5B | $10.9B |
负债/权益比ACGLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | — | $191.0M |
| 自由现金流率自由现金流/营收 | — | 7.1% |
| 资本支出强度资本支出/营收 | — | 2.0% |
| 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 | — | $118.0M |
8季度趋势，按日历期对齐
经营现金流ACGLQVCGA
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $244.0M | ||
| Q3 25 | $2.2B | $4.0M | ||
| Q2 25 | $1.1B | $86.0M | ||
| Q1 25 | $1.5B | $-60.0M | ||
| Q4 24 | $1.6B | $212.0M | ||
| Q3 24 | $2.0B | $20.0M | ||
| Q2 24 | $1.5B | $267.0M |
自由现金流ACGLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $191.0M | ||
| Q3 25 | $2.2B | $-27.0M | ||
| Q2 25 | $1.1B | $48.0M | ||
| Q1 25 | $1.4B | $-94.0M | ||
| Q4 24 | $1.6B | $150.0M | ||
| Q3 24 | $2.0B | $-23.0M | ||
| Q2 24 | $1.5B | $213.0M |
自由现金流率ACGLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 7.1% | ||
| Q3 25 | 42.6% | -1.2% | ||
| Q2 25 | 21.3% | 2.1% | ||
| Q1 25 | 31.0% | -4.5% | ||
| Q4 24 | 34.3% | 5.1% | ||
| Q3 24 | 42.5% | -1.0% | ||
| Q2 24 | 35.6% | 8.8% |
资本支出强度ACGLQVCGA
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.0% | ||
| Q3 25 | 0.2% | 1.4% | ||
| Q2 25 | 0.2% | 1.7% | ||
| Q1 25 | 0.2% | 1.6% | ||
| Q4 24 | 0.3% | 2.1% | ||
| Q3 24 | 0.3% | 1.8% | ||
| Q2 24 | 0.3% | 2.2% |
现金转化率ACGLQVCGA
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | 13.35× |
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
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
