vs
Arch Capital Group（ACGL）与Southern Company（SO）财务数据对比。点击上方公司名可切换其他公司
Southern Company的季度营收约是Arch Capital Group的1.9倍（$8.4B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 15.9%，领先7.2%），Southern Company同比增速更快（8.0% vs -3.3%），过去两年Southern Company的营收复合增速更高（14.0% 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。
Southern Company是美国燃气电力公用事业控股企业，总部位于佐治亚州亚特兰大，在阿拉巴马州伯明翰设有行政办公室。截至2021年按用户规模计为美国第二大公用事业公司，旗下子公司覆盖6个州，为900万燃气及电力用户提供服务，供电区域达12万平方英里。
ACGL vs SO — 直观对比
营收规模更大
SO
是对方的1.9倍
$4.5B
营收增速更快
SO
高出11.3%
-3.3%
净利率更高
ACGL
高出7.2%
15.9%
两年增速更快
SO
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $8.4B |
| 净利润 | $1.0B | $1.3B |
| 毛利率 | — | — |
| 营业利润率 | — | 24.0% |
| 净利率 | 23.2% | 15.9% |
| 营收同比 | -3.3% | 8.0% |
| 净利润同比 | 82.4% | 5.4% |
| 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ACGLSO
| Q1 26 | $4.5B | $8.4B | ||
| Q4 25 | $4.9B | $7.0B | ||
| Q3 25 | $5.1B | $7.8B | ||
| Q2 25 | $5.2B | $7.0B | ||
| Q1 25 | $4.7B | $7.8B | ||
| Q4 24 | $4.5B | $6.3B | ||
| Q3 24 | $4.7B | $7.3B | ||
| Q2 24 | $4.2B | $6.5B |
净利润ACGLSO
| Q1 26 | $1.0B | $1.3B | ||
| Q4 25 | $1.2B | $341.0M | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.2B | $880.0M | ||
| Q1 25 | $574.0M | $1.3B | ||
| Q4 24 | $935.0M | $466.0M | ||
| Q3 24 | $988.0M | $1.5B | ||
| Q2 24 | $1.3B | $1.2B |
营业利润率ACGLSO
| Q1 26 | — | 24.0% | ||
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | 33.2% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | — | 32.6% | ||
| Q2 24 | — | 30.0% |
净利率ACGLSO
| Q1 26 | 23.2% | 15.9% | ||
| Q4 25 | 25.1% | 4.9% | ||
| Q3 25 | 26.4% | 21.9% | ||
| Q2 25 | 23.7% | 12.6% | ||
| Q1 25 | 12.3% | 16.3% | ||
| Q4 24 | 20.6% | 7.3% | ||
| Q3 24 | 20.9% | 21.1% | ||
| Q2 24 | 30.0% | 18.6% |
每股收益（稀释后）ACGLSO
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $0.38 | ||
| Q3 25 | $3.56 | $1.54 | ||
| Q2 25 | $3.23 | $0.79 | ||
| Q1 25 | $1.48 | $1.21 | ||
| Q4 24 | $2.41 | $0.48 | ||
| Q3 24 | $2.56 | $1.39 | ||
| Q2 24 | $3.30 | $1.09 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | — |
| 总资产 | $81.4B | — |
| 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ACGLSO
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $1.6B | ||
| Q3 25 | $1.1B | $3.3B | ||
| Q2 25 | $983.0M | $1.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $979.0M | $1.1B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.0B | $1.2B |
总债务ACGLSO
| Q1 26 | — | — | ||
| Q4 25 | — | $65.6B | ||
| Q3 25 | — | $64.6B | ||
| Q2 25 | — | $63.0B | ||
| Q1 25 | — | $62.9B | ||
| Q4 24 | — | $58.8B | ||
| Q3 24 | — | $61.3B | ||
| Q2 24 | — | $59.9B |
股东权益ACGLSO
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $36.0B | ||
| Q3 25 | $23.7B | $38.3B | ||
| Q2 25 | $23.0B | $37.3B | ||
| Q1 25 | $21.5B | $37.2B | ||
| Q4 24 | $20.8B | $33.2B | ||
| Q3 24 | $22.3B | $36.9B | ||
| Q2 24 | $20.7B | $36.1B |
总资产ACGLSO
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $155.7B | ||
| Q3 25 | $79.2B | $153.2B | ||
| Q2 25 | $78.8B | $148.9B | ||
| Q1 25 | $75.2B | $148.1B | ||
| Q4 24 | $70.9B | $145.2B | ||
| Q3 24 | $73.7B | $144.0B | ||
| Q2 24 | $65.5B | $141.9B |
负债/权益比ACGLSO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 1.66× |
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 | — | — |
| 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 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ACGLSO
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $2.2B | $3.8B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $2.0B | $3.6B | ||
| Q2 24 | $1.5B | $2.7B |
自由现金流ACGLSO
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-1.7B | ||
| Q3 25 | $2.2B | $559.0M | ||
| Q2 25 | $1.1B | $-619.0M | ||
| Q1 25 | $1.4B | $-1.2B | ||
| Q4 24 | $1.6B | $-576.0M | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.5B | $563.0M |
自由现金流率ACGLSO
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -24.2% | ||
| Q3 25 | 42.6% | 7.1% | ||
| Q2 25 | 21.3% | -8.9% | ||
| Q1 25 | 31.0% | -15.3% | ||
| Q4 24 | 34.3% | -9.1% | ||
| Q3 24 | 42.5% | 17.9% | ||
| Q2 24 | 35.6% | 8.7% |
资本支出强度ACGLSO
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 61.4% | ||
| Q3 25 | 0.2% | 41.1% | ||
| Q2 25 | 0.2% | 40.2% | ||
| Q1 25 | 0.2% | 31.3% | ||
| Q4 24 | 0.3% | 43.4% | ||
| Q3 24 | 0.3% | 31.8% | ||
| Q2 24 | 0.3% | 32.9% |
现金转化率ACGLSO
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 7.62× | ||
| Q3 25 | 1.62× | 2.21× | ||
| Q2 25 | 0.91× | 2.48× | ||
| Q1 25 | 2.54× | 0.98× | ||
| Q4 24 | 1.68× | 4.66× | ||
| Q3 24 | 2.04× | 2.36× | ||
| Q2 24 | 1.20× | 2.23× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
