vs
Arch Capital Group（ACGL）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是Arch Capital Group的1.7倍（$7.6B vs $4.5B），Arch Capital Group净利率更高（23.2% vs 1.3%，领先21.9%），Smurfit Westrock同比增速更快（0.5% vs -3.3%），过去两年Smurfit Westrock的营收复合增速更高（60.8% 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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
ACGL vs SW — 直观对比
营收规模更大
SW
是对方的1.7倍
$4.5B
营收增速更快
SW
高出3.8%
-3.3%
净利率更高
ACGL
高出21.9%
1.3%
两年增速更快
SW
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $7.6B |
| 净利润 | $1.0B | $97.0M |
| 毛利率 | — | 18.2% |
| 营业利润率 | — | 5.1% |
| 净利率 | 23.2% | 1.3% |
| 营收同比 | -3.3% | 0.5% |
| 净利润同比 | 82.4% | -33.6% |
| 每股收益（稀释后） | $2.88 | $0.18 |
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ACGLSW
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $7.6B | ||
| Q3 25 | $5.1B | $8.0B | ||
| Q2 25 | $5.2B | $7.9B | ||
| Q1 25 | $4.7B | $7.7B | ||
| Q4 24 | $4.5B | $7.5B | ||
| Q3 24 | $4.7B | $7.7B | ||
| Q2 24 | $4.2B | $3.0B |
净利润ACGLSW
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $97.0M | ||
| Q3 25 | $1.4B | $246.0M | ||
| Q2 25 | $1.2B | $-28.0M | ||
| Q1 25 | $574.0M | $384.0M | ||
| Q4 24 | $935.0M | $146.0M | ||
| Q3 24 | $988.0M | $-150.0M | ||
| Q2 24 | $1.3B | $132.0M |
毛利率ACGLSW
| Q1 26 | — | — | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% |
营业利润率ACGLSW
| Q1 26 | — | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 8.2% |
净利率ACGLSW
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 1.3% | ||
| Q3 25 | 26.4% | 3.1% | ||
| Q2 25 | 23.7% | -0.4% | ||
| Q1 25 | 12.3% | 5.0% | ||
| Q4 24 | 20.6% | 1.9% | ||
| Q3 24 | 20.9% | -2.0% | ||
| Q2 24 | 30.0% | 4.4% |
每股收益（稀释后）ACGLSW
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $0.18 | ||
| Q3 25 | $3.56 | $0.47 | ||
| Q2 25 | $3.23 | $-0.05 | ||
| Q1 25 | $1.48 | $0.73 | ||
| Q4 24 | $2.41 | $-0.12 | ||
| Q3 24 | $2.56 | $-0.30 | ||
| Q2 24 | $3.30 | $0.51 |
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 | $892.0M |
| 总债务越低越好 | — | $13.4B |
| 股东权益账面价值 | $24.2B | $18.3B |
| 总资产 | $81.4B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资ACGLSW
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $892.0M | ||
| Q3 25 | $1.1B | $851.0M | ||
| Q2 25 | $983.0M | $778.0M | ||
| Q1 25 | $1.2B | $797.0M | ||
| Q4 24 | $979.0M | $855.0M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | $26.8K |
总债务ACGLSW
| Q1 26 | — | — | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益ACGLSW
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $18.3B | ||
| Q3 25 | $23.7B | $18.4B | ||
| Q2 25 | $23.0B | $18.3B | ||
| Q1 25 | $21.5B | $17.9B | ||
| Q4 24 | $20.8B | $17.4B | ||
| Q3 24 | $22.3B | $18.0B | ||
| Q2 24 | $20.7B | $14.5K |
总资产ACGLSW
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $45.2B | ||
| Q3 25 | $79.2B | $45.6B | ||
| Q2 25 | $78.8B | $45.7B | ||
| Q1 25 | $75.2B | $44.6B | ||
| Q4 24 | $70.9B | $43.8B | ||
| Q3 24 | $73.7B | $45.0B | ||
| Q2 24 | $65.5B | $26.8K |
负债/权益比ACGLSW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| 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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $612.0M |
| 自由现金流率自由现金流/营收 | — | 8.1% |
| 资本支出强度资本支出/营收 | — | 7.7% |
| 现金转化率经营现金流/净利润 | 1.13× | 12.32× |
| 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ACGLSW
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.1B | $829.0M | ||
| Q1 25 | $1.5B | $235.0M | ||
| Q4 24 | $1.6B | $781.0M | ||
| Q3 24 | $2.0B | $320.0M | ||
| Q2 24 | $1.5B | $340.0M |
自由现金流ACGLSW
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $612.0M | ||
| Q3 25 | $2.2B | $523.0M | ||
| Q2 25 | $1.1B | $307.0M | ||
| Q1 25 | $1.4B | $-242.0M | ||
| Q4 24 | $1.6B | $212.0M | ||
| Q3 24 | $2.0B | $-192.0M | ||
| Q2 24 | $1.5B | $163.0M |
自由现金流率ACGLSW
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 8.1% | ||
| Q3 25 | 42.6% | 6.5% | ||
| Q2 25 | 21.3% | 3.9% | ||
| Q1 25 | 31.0% | -3.2% | ||
| Q4 24 | 34.3% | 2.8% | ||
| Q3 24 | 42.5% | -2.5% | ||
| Q2 24 | 35.6% | 5.5% |
资本支出强度ACGLSW
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 7.7% | ||
| Q3 25 | 0.2% | 7.6% | ||
| Q2 25 | 0.2% | 6.6% | ||
| Q1 25 | 0.2% | 6.2% | ||
| Q4 24 | 0.3% | 7.5% | ||
| Q3 24 | 0.3% | 6.7% | ||
| Q2 24 | 0.3% | 6.0% |
现金转化率ACGLSW
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 12.32× | ||
| Q3 25 | 1.62× | 4.61× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 2.54× | 0.61× | ||
| Q4 24 | 1.68× | 5.35× | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.20× | 2.58× |
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
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
