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Arch Capital Group（ACGL）与Republic Services（RSG）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Republic Services的1.1倍（$4.5B vs $4.1B），Arch Capital Group净利率更高（23.2% vs 13.2%，领先10.0%），Republic Services同比增速更快（2.2% vs -3.3%），过去两年Republic Services的营收复合增速更高（3.5% 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。
Republic Services是北美头部垃圾处理企业，业务涵盖非危险固体废物收集、转运、处置、资源回收及能源服务，是美国仅次于废物管理公司的第二大垃圾处理服务商，核心运营聚焦非危固废全流程管理、可回收物资源化利用及相关能源服务。
ACGL vs RSG — 直观对比
营收规模更大
ACGL
是对方的1.1倍
$4.1B
营收增速更快
RSG
高出5.4%
-3.3%
净利率更高
ACGL
高出10.0%
13.2%
两年增速更快
RSG
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.1B |
| 净利润 | $1.0B | $544.7M |
| 毛利率 | — | 41.9% |
| 营业利润率 | — | 19.4% |
| 净利率 | 23.2% | 13.2% |
| 营收同比 | -3.3% | 2.2% |
| 净利润同比 | 82.4% | 6.3% |
| 每股收益（稀释后） | $2.88 | $1.76 |
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ACGLRSG
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $4.1B | ||
| Q3 25 | $5.1B | $4.2B | ||
| Q2 25 | $5.2B | $4.2B | ||
| Q1 25 | $4.7B | $4.0B | ||
| Q4 24 | $4.5B | $4.0B | ||
| Q3 24 | $4.7B | $4.1B | ||
| Q2 24 | $4.2B | $4.0B |
净利润ACGLRSG
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $544.7M | ||
| Q3 25 | $1.4B | $549.7M | ||
| Q2 25 | $1.2B | $549.9M | ||
| Q1 25 | $574.0M | $495.0M | ||
| Q4 24 | $935.0M | $512.2M | ||
| Q3 24 | $988.0M | $565.7M | ||
| Q2 24 | $1.3B | $511.5M |
毛利率ACGLRSG
| Q1 26 | — | — | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 41.5% | ||
| Q2 25 | — | 42.2% | ||
| Q1 25 | — | 42.3% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 41.1% |
营业利润率ACGLRSG
| Q1 26 | — | — | ||
| Q4 25 | — | 19.4% | ||
| Q3 25 | — | 19.8% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 20.1% |
净利率ACGLRSG
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 13.2% | ||
| Q3 25 | 26.4% | 13.1% | ||
| Q2 25 | 23.7% | 13.0% | ||
| Q1 25 | 12.3% | 12.3% | ||
| Q4 24 | 20.6% | 12.7% | ||
| Q3 24 | 20.9% | 13.9% | ||
| Q2 24 | 30.0% | 12.6% |
每股收益（稀释后）ACGLRSG
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $1.76 | ||
| Q3 25 | $3.56 | $1.76 | ||
| Q2 25 | $3.23 | $1.75 | ||
| Q1 25 | $1.48 | $1.58 | ||
| Q4 24 | $2.41 | $1.63 | ||
| Q3 24 | $2.56 | $1.80 | ||
| Q2 24 | $3.30 | $1.62 |
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 | $76.0M |
| 总债务越低越好 | — | $13.0B |
| 股东权益账面价值 | $24.2B | $12.0B |
| 总资产 | $81.4B | $34.4B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资ACGLRSG
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $76.0M | ||
| Q3 25 | $1.1B | $84.0M | ||
| Q2 25 | $983.0M | $122.0M | ||
| Q1 25 | $1.2B | $83.0M | ||
| Q4 24 | $979.0M | $74.0M | ||
| Q3 24 | $1.0B | $83.4M | ||
| Q2 24 | $1.0B | $490.6M |
总债务ACGLRSG
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | — | $12.4B | ||
| Q2 25 | — | $12.5B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $11.9B | ||
| Q3 24 | — | $12.0B | ||
| Q2 24 | — | $11.5B |
股东权益ACGLRSG
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $12.0B | ||
| Q3 25 | $23.7B | $11.9B | ||
| Q2 25 | $23.0B | $12.1B | ||
| Q1 25 | $21.5B | $11.7B | ||
| Q4 24 | $20.8B | $11.4B | ||
| Q3 24 | $22.3B | $11.2B | ||
| Q2 24 | $20.7B | $11.0B |
总资产ACGLRSG
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $34.4B | ||
| Q3 25 | $79.2B | $33.8B | ||
| Q2 25 | $78.8B | $33.4B | ||
| Q1 25 | $75.2B | $33.1B | ||
| Q4 24 | $70.9B | $32.4B | ||
| Q3 24 | $73.7B | $31.8B | ||
| Q2 24 | $65.5B | $31.9B |
负债/权益比ACGLRSG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.05× |
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 | $981.0M |
| 自由现金流经营现金流 - 资本支出 | — | $404.0M |
| 自由现金流率自由现金流/营收 | — | 9.8% |
| 资本支出强度资本支出/营收 | — | 14.0% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.80× |
| 过去12个月自由现金流最近4个季度 | — | $2.4B |
8季度趋势，按日历期对齐
经营现金流ACGLRSG
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $981.0M | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B |
自由现金流ACGLRSG
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $404.0M | ||
| Q3 25 | $2.2B | $737.0M | ||
| Q2 25 | $1.1B | $702.0M | ||
| Q1 25 | $1.4B | $566.0M | ||
| Q4 24 | $1.6B | $524.4M | ||
| Q3 24 | $2.0B | $563.6M | ||
| Q2 24 | $1.5B | $696.0M |
自由现金流率ACGLRSG
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 9.8% | ||
| Q3 25 | 42.6% | 17.5% | ||
| Q2 25 | 21.3% | 16.6% | ||
| Q1 25 | 31.0% | 14.1% | ||
| Q4 24 | 34.3% | 13.0% | ||
| Q3 24 | 42.5% | 13.8% | ||
| Q2 24 | 35.6% | 17.2% |
资本支出强度ACGLRSG
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 14.0% | ||
| Q3 25 | 0.2% | 10.5% | ||
| Q2 25 | 0.2% | 9.6% | ||
| Q1 25 | 0.2% | 11.4% | ||
| Q4 24 | 0.3% | 12.3% | ||
| Q3 24 | 0.3% | 10.8% | ||
| Q2 24 | 0.3% | 10.0% |
现金转化率ACGLRSG
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.80× | ||
| Q3 25 | 1.62× | 2.15× | ||
| Q2 25 | 0.91× | 2.02× | ||
| Q1 25 | 2.54× | 2.07× | ||
| Q4 24 | 1.68× | 2.00× | ||
| Q3 24 | 2.04× | 1.77× | ||
| Q2 24 | 1.20× | 2.15× |
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
RSG
| Other | $1.1B | 26% |
| Landfill Service Line | $780.0M | 19% |
| Collection Service Line Residential | $761.0M | 18% |
| Transfer Service Line | $458.0M | 11% |
| Environmental Solutions Service Line | $435.0M | 11% |
| Group3Segment | $423.0M | 10% |
| Other Service Line Sale Of Recycled Commodities | $104.0M | 3% |
| Other Service Line Other Noncore | $94.0M | 2% |
| Collection Service Line Other | $18.0M | 0% |
