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Arch Capital Group（ACGL）与皇家加勒比集团（RCL）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是皇家加勒比集团的1.1倍（$4.5B vs $4.3B），Arch Capital Group净利率更高（23.2% vs 17.7%，领先5.5%），皇家加勒比集团同比增速更快（13.3% vs -3.3%），过去两年皇家加勒比集团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。
皇家加勒比集团前身为皇家加勒比邮轮有限公司，是仅次于嘉年华公司的全球第二大邮轮运营商。集团总部位于美国佛罗里达州迈阿密，在利比里亚注册，目前全资拥有皇家加勒比国际游轮、名人邮轮、银海邮轮三大品牌，还持有途易邮轮50%的股份。
ACGL vs RCL — 直观对比
营收规模更大
ACGL
是对方的1.1倍
$4.3B
营收增速更快
RCL
高出16.5%
-3.3%
净利率更高
ACGL
高出5.5%
17.7%
两年增速更快
RCL
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.3B |
| 净利润 | $1.0B | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | — | 21.9% |
| 净利率 | 23.2% | 17.7% |
| 营收同比 | -3.3% | 13.3% |
| 净利润同比 | 82.4% | 36.4% |
| 每股收益（稀释后） | $2.88 | $2.76 |
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ACGLRCL
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $4.3B | ||
| Q3 25 | $5.1B | $5.1B | ||
| Q2 25 | $5.2B | $4.5B | ||
| Q1 25 | $4.7B | $4.0B | ||
| Q4 24 | $4.5B | $3.8B | ||
| Q3 24 | $4.7B | $4.9B | ||
| Q2 24 | $4.2B | $4.1B |
净利润ACGLRCL
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $753.0M | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $574.0M | $730.0M | ||
| Q4 24 | $935.0M | $552.0M | ||
| Q3 24 | $988.0M | $1.1B | ||
| Q2 24 | $1.3B | $854.0M |
毛利率ACGLRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
营业利润率ACGLRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 23.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 26.7% |
净利率ACGLRCL
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 17.7% | ||
| Q3 25 | 26.4% | 30.6% | ||
| Q2 25 | 23.7% | 26.7% | ||
| Q1 25 | 12.3% | 18.3% | ||
| Q4 24 | 20.6% | 14.7% | ||
| Q3 24 | 20.9% | 22.7% | ||
| Q2 24 | 30.0% | 20.8% |
每股收益（稀释后）ACGLRCL
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $2.76 | ||
| Q3 25 | $3.56 | $5.74 | ||
| Q2 25 | $3.23 | $4.41 | ||
| Q1 25 | $1.48 | $2.70 | ||
| Q4 24 | $2.41 | $2.27 | ||
| Q3 24 | $2.56 | $4.21 | ||
| Q2 24 | $3.30 | $3.11 |
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 | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | $24.2B | $10.0B |
| 总资产 | $81.4B | $41.6B |
| 负债/权益比越低杠杆越低 | — | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资ACGLRCL
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $825.0M | ||
| Q3 25 | $1.1B | $432.0M | ||
| Q2 25 | $983.0M | $735.0M | ||
| Q1 25 | $1.2B | $386.0M | ||
| Q4 24 | $979.0M | $388.0M | ||
| Q3 24 | $1.0B | $418.0M | ||
| Q2 24 | $1.0B | $391.0M |
总债务ACGLRCL
| Q1 26 | — | — | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益ACGLRCL
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $10.0B | ||
| Q3 25 | $23.7B | $10.1B | ||
| Q2 25 | $23.0B | $9.2B | ||
| Q1 25 | $21.5B | $8.0B | ||
| Q4 24 | $20.8B | $7.6B | ||
| Q3 24 | $22.3B | $7.0B | ||
| Q2 24 | $20.7B | $6.0B |
总资产ACGLRCL
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $41.6B | ||
| Q3 25 | $79.2B | $40.1B | ||
| Q2 25 | $78.8B | $38.5B | ||
| Q1 25 | $75.2B | $37.5B | ||
| Q4 24 | $70.9B | $37.1B | ||
| Q3 24 | $73.7B | $37.1B | ||
| Q2 24 | $65.5B | $37.0B |
负债/权益比ACGLRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | — | $116.0M |
| 自由现金流率自由现金流/营收 | — | 2.7% |
| 资本支出强度资本支出/营收 | — | 35.4% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流ACGLRCL
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $2.0B | $897.0M | ||
| Q2 24 | $1.5B | $1.6B |
自由现金流ACGLRCL
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $116.0M | ||
| Q3 25 | $2.2B | $-989.0M | ||
| Q2 25 | $1.1B | $910.0M | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.6B | $915.0M | ||
| Q3 24 | $2.0B | $563.0M | ||
| Q2 24 | $1.5B | $-567.0M |
自由现金流率ACGLRCL
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 2.7% | ||
| Q3 25 | 42.6% | -19.2% | ||
| Q2 25 | 21.3% | 20.1% | ||
| Q1 25 | 31.0% | 30.0% | ||
| Q4 24 | 34.3% | 24.3% | ||
| Q3 24 | 42.5% | 11.5% | ||
| Q2 24 | 35.6% | -13.8% |
资本支出强度ACGLRCL
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 35.4% | ||
| Q3 25 | 0.2% | 47.8% | ||
| Q2 25 | 0.2% | 18.4% | ||
| Q1 25 | 0.2% | 10.7% | ||
| Q4 24 | 0.3% | 14.7% | ||
| Q3 24 | 0.3% | 6.8% | ||
| Q2 24 | 0.3% | 52.1% |
现金转化率ACGLRCL
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 2.16× | ||
| Q3 25 | 1.62× | 0.93× | ||
| Q2 25 | 0.91× | 1.44× | ||
| Q1 25 | 2.54× | 2.23× | ||
| Q4 24 | 1.68× | 2.66× | ||
| Q3 24 | 2.04× | 0.81× | ||
| Q2 24 | 1.20× | 1.84× |
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
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
