vs
Arch Capital Group（ACGL）与斯伦贝谢（SLB）财务数据对比。点击上方公司名可切换其他公司
斯伦贝谢的季度营收约是Arch Capital Group的1.9倍（$8.7B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 8.6%，领先14.5%），斯伦贝谢同比增速更快（2.7% vs -3.3%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -2.3%）
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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
ACGL vs SLB — 直观对比
营收规模更大
SLB
是对方的1.9倍
$4.5B
营收增速更快
SLB
高出6.0%
-3.3%
净利率更高
ACGL
高出14.5%
8.6%
两年增速更快
ACGL
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $8.7B |
| 净利润 | $1.0B | $752.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 23.2% | 8.6% |
| 营收同比 | -3.3% | 2.7% |
| 净利润同比 | 82.4% | -5.6% |
| 每股收益（稀释后） | $2.88 | $0.50 |
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ACGLSLB
| Q1 26 | $4.5B | $8.7B | ||
| Q4 25 | $4.9B | $9.7B | ||
| Q3 25 | $5.1B | $8.9B | ||
| Q2 25 | $5.2B | $8.5B | ||
| Q1 25 | $4.7B | $8.5B | ||
| Q4 24 | $4.5B | $9.3B | ||
| Q3 24 | $4.7B | $9.2B | ||
| Q2 24 | $4.2B | $9.1B |
净利润ACGLSLB
| Q1 26 | $1.0B | $752.0M | ||
| Q4 25 | $1.2B | $824.0M | ||
| Q3 25 | $1.4B | $739.0M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $574.0M | $797.0M | ||
| Q4 24 | $935.0M | $1.1B | ||
| Q3 24 | $988.0M | $1.2B | ||
| Q2 24 | $1.3B | $1.1B |
营业利润率ACGLSLB
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | 16.5% | ||
| Q2 24 | — | 15.5% |
净利率ACGLSLB
| Q1 26 | 23.2% | 8.6% | ||
| Q4 25 | 25.1% | 8.5% | ||
| Q3 25 | 26.4% | 8.3% | ||
| Q2 25 | 23.7% | 11.9% | ||
| Q1 25 | 12.3% | 9.4% | ||
| Q4 24 | 20.6% | 11.8% | ||
| Q3 24 | 20.9% | 12.9% | ||
| Q2 24 | 30.0% | 12.2% |
每股收益（稀释后）ACGLSLB
| Q1 26 | $2.88 | $0.50 | ||
| Q4 25 | $3.33 | $0.53 | ||
| Q3 25 | $3.56 | $0.50 | ||
| Q2 25 | $3.23 | $0.74 | ||
| Q1 25 | $1.48 | $0.58 | ||
| Q4 24 | $2.41 | $0.77 | ||
| Q3 24 | $2.56 | $0.83 | ||
| Q2 24 | $3.30 | $0.77 |
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 | $3.4B |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $24.2B | $27.4B |
| 总资产 | $81.4B | $19.3B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ACGLSLB
| Q1 26 | $24.0M | $3.4B | ||
| Q4 25 | $993.0M | $1.2B | ||
| Q3 25 | $1.1B | $571.0M | ||
| Q2 25 | $983.0M | $511.0M | ||
| Q1 25 | $1.2B | $961.0M | ||
| Q4 24 | $979.0M | $1.1B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $1.0B | $1.1B |
总债务ACGLSLB
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ACGLSLB
| Q1 26 | $24.2B | $27.4B | ||
| Q4 25 | $24.2B | $26.1B | ||
| Q3 25 | $23.7B | $25.6B | ||
| Q2 25 | $23.0B | $20.3B | ||
| Q1 25 | $21.5B | $19.5B | ||
| Q4 24 | $20.8B | $21.1B | ||
| Q3 24 | $22.3B | $21.5B | ||
| Q2 24 | $20.7B | $21.1B |
总资产ACGLSLB
| Q1 26 | $81.4B | $19.3B | ||
| Q4 25 | $79.2B | $54.9B | ||
| Q3 25 | $79.2B | $55.1B | ||
| Q2 25 | $78.8B | $48.8B | ||
| Q1 25 | $75.2B | $49.0B | ||
| Q4 24 | $70.9B | $48.9B | ||
| Q3 24 | $73.7B | $49.8B | ||
| Q2 24 | $65.5B | $49.4B |
负债/权益比ACGLSLB
| Q1 26 | — | 0.35× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $103.0M |
| 自由现金流率自由现金流/营收 | — | 1.2% |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | $4.6B |
8季度趋势，按日历期对齐
经营现金流ACGLSLB
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.5B | $660.0M | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $2.0B | $2.4B | ||
| Q2 24 | $1.5B | $1.4B |
自由现金流ACGLSLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $1.1B | $771.0M | ||
| Q1 25 | $1.4B | $262.0M | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $1.5B | $973.0M |
自由现金流率ACGLSLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 28.2% | 25.5% | ||
| Q3 25 | 42.6% | 14.3% | ||
| Q2 25 | 21.3% | 9.0% | ||
| Q1 25 | 31.0% | 3.1% | ||
| Q4 24 | 34.3% | 19.2% | ||
| Q3 24 | 42.5% | 21.7% | ||
| Q2 24 | 35.6% | 10.6% |
资本支出强度ACGLSLB
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 5.3% | ||
| Q3 25 | 0.2% | 4.6% | ||
| Q2 25 | 0.2% | 4.3% | ||
| Q1 25 | 0.2% | 4.7% | ||
| Q4 24 | 0.3% | 6.6% | ||
| Q3 24 | 0.3% | 5.0% | ||
| Q2 24 | 0.3% | 5.1% |
现金转化率ACGLSLB
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 3.65× | ||
| Q3 25 | 1.62× | 2.28× | ||
| Q2 25 | 0.91× | 1.13× | ||
| Q1 25 | 2.54× | 0.83× | ||
| Q4 24 | 1.68× | 2.18× | ||
| Q3 24 | 2.04× | 2.06× | ||
| Q2 24 | 1.20× | 1.29× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
