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Arch Capital Group（ACGL）与Toll Brothers, Inc.（TOL）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Toll Brothers, Inc.的1.3倍（$4.5B vs $3.4B），Arch Capital Group净利率更高（23.2% vs 13.0%，领先10.1%），Toll Brothers, Inc.同比增速更快（2.7% vs -3.3%），过去两年Toll Brothers, Inc.的营收复合增速更高（32.6% 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。
Toll Brothers, Inc.是美国知名住宅建造企业，业务涵盖美国境内住宅及商业地产的开发、营销与融资服务。2020年按住宅建造营收统计，该公司为全美第五大房屋建造商，位列《财富》美国500强第411位。
ACGL vs TOL — 直观对比
营收规模更大
ACGL
是对方的1.3倍
$3.4B
营收增速更快
TOL
高出6.0%
-3.3%
净利率更高
ACGL
高出10.1%
13.0%
两年增速更快
TOL
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $3.4B |
| 净利润 | $1.0B | $446.7M |
| 毛利率 | — | 24.8% |
| 营业利润率 | — | 16.5% |
| 净利率 | 23.2% | 13.0% |
| 营收同比 | -3.3% | 2.7% |
| 净利润同比 | 82.4% | -6.0% |
| 每股收益（稀释后） | $2.88 | $4.51 |
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ACGLTOL
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $3.4B | ||
| Q3 25 | $5.1B | $2.9B | ||
| Q2 25 | $5.2B | $2.7B | ||
| Q1 25 | $4.7B | $1.9B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $4.7B | $2.7B | ||
| Q2 24 | $4.2B | $2.8B |
净利润ACGLTOL
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $446.7M | ||
| Q3 25 | $1.4B | $369.6M | ||
| Q2 25 | $1.2B | $352.4M | ||
| Q1 25 | $574.0M | $177.7M | ||
| Q4 24 | $935.0M | $475.4M | ||
| Q3 24 | $988.0M | $374.6M | ||
| Q2 24 | $1.3B | $481.6M |
毛利率ACGLTOL
| Q1 26 | — | — | ||
| Q4 25 | — | 24.8% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 25.8% | ||
| Q1 25 | — | 24.7% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 27.2% | ||
| Q2 24 | — | 30.4% |
营业利润率ACGLTOL
| Q1 26 | — | — | ||
| Q4 25 | — | 16.5% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 22.0% |
净利率ACGLTOL
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 13.0% | ||
| Q3 25 | 26.4% | 12.6% | ||
| Q2 25 | 23.7% | 12.9% | ||
| Q1 25 | 12.3% | 9.6% | ||
| Q4 24 | 20.6% | 14.3% | ||
| Q3 24 | 20.9% | 13.7% | ||
| Q2 24 | 30.0% | 17.0% |
每股收益（稀释后）ACGLTOL
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $4.51 | ||
| Q3 25 | $3.56 | $3.73 | ||
| Q2 25 | $3.23 | $3.50 | ||
| Q1 25 | $1.48 | $1.75 | ||
| Q4 24 | $2.41 | $4.61 | ||
| Q3 24 | $2.56 | $3.60 | ||
| Q2 24 | $3.30 | $4.55 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.2B | $8.3B |
| 总资产 | $81.4B | $14.5B |
| 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ACGLTOL
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $1.3B | ||
| Q3 25 | $1.1B | $852.3M | ||
| Q2 25 | $983.0M | $686.5M | ||
| Q1 25 | $1.2B | $574.8M | ||
| Q4 24 | $979.0M | $1.3B | ||
| Q3 24 | $1.0B | $893.4M | ||
| Q2 24 | $1.0B | $1.0B |
股东权益ACGLTOL
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $8.3B | ||
| Q3 25 | $23.7B | $8.1B | ||
| Q2 25 | $23.0B | $7.9B | ||
| Q1 25 | $21.5B | $7.8B | ||
| Q4 24 | $20.8B | $7.7B | ||
| Q3 24 | $22.3B | $7.4B | ||
| Q2 24 | $20.7B | $7.3B |
总资产ACGLTOL
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $14.5B | ||
| Q3 25 | $79.2B | $14.4B | ||
| Q2 25 | $78.8B | $14.2B | ||
| Q1 25 | $75.2B | $13.6B | ||
| Q4 24 | $70.9B | $13.4B | ||
| Q3 24 | $73.7B | $13.4B | ||
| Q2 24 | $65.5B | $13.3B |
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 | $800.0M |
| 自由现金流经营现金流 - 资本支出 | — | $772.2M |
| 自由现金流率自由现金流/营收 | — | 22.6% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.79× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流ACGLTOL
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $800.0M | ||
| Q3 25 | $2.2B | $370.3M | ||
| Q2 25 | $1.1B | $362.8M | ||
| Q1 25 | $1.5B | $-420.8M | ||
| Q4 24 | $1.6B | $682.5M | ||
| Q3 24 | $2.0B | $175.6M | ||
| Q2 24 | $1.5B | $459.0M |
自由现金流ACGLTOL
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $772.2M | ||
| Q3 25 | $2.2B | $344.9M | ||
| Q2 25 | $1.1B | $347.3M | ||
| Q1 25 | $1.4B | $-438.1M | ||
| Q4 24 | $1.6B | $664.3M | ||
| Q3 24 | $2.0B | $149.9M | ||
| Q2 24 | $1.5B | $442.9M |
自由现金流率ACGLTOL
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 22.6% | ||
| Q3 25 | 42.6% | 11.7% | ||
| Q2 25 | 21.3% | 12.7% | ||
| Q1 25 | 31.0% | -23.6% | ||
| Q4 24 | 34.3% | 19.9% | ||
| Q3 24 | 42.5% | 5.5% | ||
| Q2 24 | 35.6% | 15.6% |
资本支出强度ACGLTOL
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.8% | ||
| Q3 25 | 0.2% | 0.9% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 0.3% | 0.9% | ||
| Q2 24 | 0.3% | 0.6% |
现金转化率ACGLTOL
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.79× | ||
| Q3 25 | 1.62× | 1.00× | ||
| Q2 25 | 0.91× | 1.03× | ||
| Q1 25 | 2.54× | -2.37× | ||
| Q4 24 | 1.68× | 1.44× | ||
| Q3 24 | 2.04× | 0.47× | ||
| Q2 24 | 1.20× | 0.95× |
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
TOL
| Home Building | $3.4B | 100% |
| Land | $9.4M | 0% |
