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Arch Capital Group（ACGL）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是标普全球的1.0倍（$4.5B vs $4.4B），标普全球净利率更高（26.8% vs 23.2%，领先3.6%），标普全球同比增速更快（191.7% vs -3.3%），过去两年标普全球的营收复合增速更高（77.3% 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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
ACGL vs VG — 直观对比
营收规模更大
ACGL
是对方的1.0倍
$4.4B
营收增速更快
VG
高出194.9%
-3.3%
净利率更高
VG
高出3.6%
23.2%
两年增速更快
VG
近两年复合增速
3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.4B |
| 净利润 | $1.0B | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | — | 38.7% |
| 净利率 | 23.2% | 26.8% |
| 营收同比 | -3.3% | 191.7% |
| 净利润同比 | 82.4% | 20.3% |
| 每股收益（稀释后） | $2.88 | $0.41 |
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ACGLVG
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $4.4B | ||
| Q3 25 | $5.1B | $3.3B | ||
| Q2 25 | $5.2B | $3.1B | ||
| Q1 25 | $4.7B | $2.9B | ||
| Q4 24 | $4.5B | $1.5B | ||
| Q3 24 | $4.7B | $926.0M | ||
| Q2 24 | $4.2B | $1.1B |
净利润ACGLVG
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.4B | $550.0M | ||
| Q2 25 | $1.2B | $475.0M | ||
| Q1 25 | $574.0M | $517.0M | ||
| Q4 24 | $935.0M | $990.0M | ||
| Q3 24 | $988.0M | $-294.0M | ||
| Q2 24 | $1.3B | $352.0M |
营业利润率ACGLVG
| Q1 26 | — | — | ||
| Q4 25 | — | 38.7% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | — | 33.5% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | — | 32.8% |
净利率ACGLVG
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 26.8% | ||
| Q3 25 | 26.4% | 16.5% | ||
| Q2 25 | 23.7% | 15.3% | ||
| Q1 25 | 12.3% | 17.9% | ||
| Q4 24 | 20.6% | 65.0% | ||
| Q3 24 | 20.9% | -31.7% | ||
| Q2 24 | 30.0% | 31.8% |
每股收益（稀释后）ACGLVG
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $0.41 | ||
| Q3 25 | $3.56 | $0.16 | ||
| Q2 25 | $3.23 | $0.14 | ||
| Q1 25 | $1.48 | $0.15 | ||
| Q4 24 | $2.41 | $0.35 | ||
| Q3 24 | $2.56 | $-0.15 | ||
| Q2 24 | $3.30 | $0.12 |
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 | $2.4B |
| 总债务越低越好 | — | $34.2B |
| 股东权益账面价值 | $24.2B | $6.7B |
| 总资产 | $81.4B | $53.4B |
| 负债/权益比越低杠杆越低 | — | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资ACGLVG
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $2.4B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $983.0M | $2.2B | ||
| Q1 25 | $1.2B | $3.6B | ||
| Q4 24 | $979.0M | $3.6B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
总债务ACGLVG
| Q1 26 | — | — | ||
| Q4 25 | — | $34.2B | ||
| Q3 25 | — | $32.6B | ||
| Q2 25 | — | $30.0B | ||
| Q1 25 | — | $29.3B | ||
| Q4 24 | — | $29.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ACGLVG
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $6.7B | ||
| Q3 25 | $23.7B | $5.7B | ||
| Q2 25 | $23.0B | $5.3B | ||
| Q1 25 | $21.5B | $4.9B | ||
| Q4 24 | $20.8B | $2.9B | ||
| Q3 24 | $22.3B | — | ||
| Q2 24 | $20.7B | — |
总资产ACGLVG
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $53.4B | ||
| Q3 25 | $79.2B | $50.1B | ||
| Q2 25 | $78.8B | $46.5B | ||
| Q1 25 | $75.2B | $45.1B | ||
| Q4 24 | $70.9B | $43.5B | ||
| Q3 24 | $73.7B | — | ||
| Q2 24 | $65.5B | — |
负债/权益比ACGLVG
| Q1 26 | — | — | ||
| Q4 25 | — | 5.07× | ||
| Q3 25 | — | 5.73× | ||
| Q2 25 | — | 5.69× | ||
| Q1 25 | — | 6.01× | ||
| Q4 24 | — | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.5B |
| 自由现金流率自由现金流/营收 | — | -34.1% |
| 资本支出强度资本支出/营收 | — | 81.6% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | $-6.8B |
8季度趋势，按日历期对齐
经营现金流ACGLVG
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | — |
自由现金流ACGLVG
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-1.5B | ||
| Q3 25 | $2.2B | $-1.4B | ||
| Q2 25 | $1.1B | $-1.5B | ||
| Q1 25 | $1.4B | $-2.4B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | — |
自由现金流率ACGLVG
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -34.1% | ||
| Q3 25 | 42.6% | -42.4% | ||
| Q2 25 | 21.3% | -49.1% | ||
| Q1 25 | 31.0% | -81.3% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 42.5% | — | ||
| Q2 24 | 35.6% | — |
资本支出强度ACGLVG
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 81.6% | ||
| Q3 25 | 0.2% | 98.9% | ||
| Q2 25 | 0.2% | 96.1% | ||
| Q1 25 | 0.2% | 119.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — |
现金转化率ACGLVG
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 1.77× | ||
| Q3 25 | 1.62× | 3.42× | ||
| Q2 25 | 0.91× | 3.07× | ||
| Q1 25 | 2.54× | 2.15× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | — | ||
| 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
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
