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Arch Capital Group（ACGL）与威富集团（VFC）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是威富集团的1.6倍（$4.5B vs $2.9B），Arch Capital Group净利率更高（23.2% vs 10.5%，领先12.7%），威富集团同比增速更快（1.5% vs -3.3%），过去两年威富集团的营收复合增速更高（10.1% 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。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
ACGL vs VFC — 直观对比
营收规模更大
ACGL
是对方的1.6倍
$2.9B
营收增速更快
VFC
高出4.7%
-3.3%
净利率更高
ACGL
高出12.7%
10.5%
两年增速更快
VFC
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.9B |
| 净利润 | $1.0B | $300.8M |
| 毛利率 | — | 56.6% |
| 营业利润率 | — | 10.1% |
| 净利率 | 23.2% | 10.5% |
| 营收同比 | -3.3% | 1.5% |
| 净利润同比 | 82.4% | 79.3% |
| 每股收益（稀释后） | $2.88 | $0.76 |
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ACGLVFC
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $2.9B | ||
| Q3 25 | $5.1B | $2.8B | ||
| Q2 25 | $5.2B | $1.8B | ||
| Q1 25 | $4.7B | $2.0B | ||
| Q4 24 | $4.5B | $2.8B | ||
| Q3 24 | $4.7B | $2.8B | ||
| Q2 24 | $4.2B | $1.9B |
净利润ACGLVFC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $300.8M | ||
| Q3 25 | $1.4B | $189.8M | ||
| Q2 25 | $1.2B | $-116.4M | ||
| Q1 25 | $574.0M | $-150.8M | ||
| Q4 24 | $935.0M | $167.8M | ||
| Q3 24 | $988.0M | $52.2M | ||
| Q2 24 | $1.3B | $-258.9M |
毛利率ACGLVFC
| Q1 26 | — | — | ||
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% |
营业利润率ACGLVFC
| Q1 26 | — | — | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | -12.6% |
净利率ACGLVFC
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 10.5% | ||
| Q3 25 | 26.4% | 6.8% | ||
| Q2 25 | 23.7% | -6.6% | ||
| Q1 25 | 12.3% | -7.5% | ||
| Q4 24 | 20.6% | 5.9% | ||
| Q3 24 | 20.9% | 1.9% | ||
| Q2 24 | 30.0% | -13.6% |
每股收益（稀释后）ACGLVFC
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $0.76 | ||
| Q3 25 | $3.56 | $0.48 | ||
| Q2 25 | $3.23 | $-0.30 | ||
| Q1 25 | $1.48 | $-0.37 | ||
| Q4 24 | $2.41 | $0.43 | ||
| Q3 24 | $2.56 | $0.13 | ||
| Q2 24 | $3.30 | $-0.67 |
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 | $1.5B |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $24.2B | $1.8B |
| 总资产 | $81.4B | $10.4B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资ACGLVFC
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $1.5B | ||
| Q3 25 | $1.1B | $419.1M | ||
| Q2 25 | $983.0M | $642.4M | ||
| Q1 25 | $1.2B | $429.4M | ||
| Q4 24 | $979.0M | $1.4B | ||
| Q3 24 | $1.0B | $492.2M | ||
| Q2 24 | $1.0B | $637.4M |
总债务ACGLVFC
| Q1 26 | — | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B |
股东权益ACGLVFC
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $1.8B | ||
| Q3 25 | $23.7B | $1.5B | ||
| Q2 25 | $23.0B | $1.3B | ||
| Q1 25 | $21.5B | $1.5B | ||
| Q4 24 | $20.8B | $1.7B | ||
| Q3 24 | $22.3B | $1.4B | ||
| Q2 24 | $20.7B | $1.4B |
总资产ACGLVFC
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $10.4B | ||
| Q3 25 | $79.2B | $10.6B | ||
| Q2 25 | $78.8B | $10.2B | ||
| Q1 25 | $75.2B | $9.4B | ||
| Q4 24 | $70.9B | $10.6B | ||
| Q3 24 | $73.7B | $12.2B | ||
| Q2 24 | $65.5B | $11.5B |
负债/权益比ACGLVFC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× |
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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $977.9M |
| 自由现金流率自由现金流/营收 | — | 34.0% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 1.13× | 3.36× |
| 过去12个月自由现金流最近4个季度 | — | $357.6M |
8季度趋势，按日历期对齐
经营现金流ACGLVFC
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $2.2B | $-227.0M | ||
| Q2 25 | $1.1B | $-145.5M | ||
| Q1 25 | $1.5B | $-171.1M | ||
| Q4 24 | $1.6B | $918.1M | ||
| Q3 24 | $2.0B | $-301.6M | ||
| Q2 24 | $1.5B | $19.8M |
自由现金流ACGLVFC
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $977.9M | ||
| Q3 25 | $2.2B | $-253.5M | ||
| Q2 25 | $1.1B | $-173.7M | ||
| Q1 25 | $1.4B | $-193.0M | ||
| Q4 24 | $1.6B | $899.7M | ||
| Q3 24 | $2.0B | $-322.4M | ||
| Q2 24 | $1.5B | $-5.4M |
自由现金流率ACGLVFC
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 34.0% | ||
| Q3 25 | 42.6% | -9.0% | ||
| Q2 25 | 21.3% | -9.9% | ||
| Q1 25 | 31.0% | -9.6% | ||
| Q4 24 | 34.3% | 31.7% | ||
| Q3 24 | 42.5% | -11.7% | ||
| Q2 24 | 35.6% | -0.3% |
资本支出强度ACGLVFC
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.2% | 0.9% | ||
| Q2 25 | 0.2% | 1.6% | ||
| Q1 25 | 0.2% | 1.1% | ||
| Q4 24 | 0.3% | 0.6% | ||
| Q3 24 | 0.3% | 0.8% | ||
| Q2 24 | 0.3% | 1.3% |
现金转化率ACGLVFC
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 3.36× | ||
| Q3 25 | 1.62× | -1.20× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | 1.68× | 5.47× | ||
| Q3 24 | 2.04× | -5.78× | ||
| Q2 24 | 1.20× | — |
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
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
