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Arch Capital Group（ACGL）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是惠而浦的1.1倍（$4.5B vs $4.1B），Arch Capital Group净利率更高（23.2% vs 2.7%，领先20.5%），惠而浦同比增速更快（-0.9% vs -3.3%），过去两年Arch Capital Group的营收复合增速更高（3.4% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
ACGL vs WHR — 直观对比
营收规模更大
ACGL
是对方的1.1倍
$4.1B
营收增速更快
WHR
高出2.3%
-3.3%
净利率更高
ACGL
高出20.5%
2.7%
两年增速更快
ACGL
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.1B |
| 净利润 | $1.0B | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | — | 6.0% |
| 净利率 | 23.2% | 2.7% |
| 营收同比 | -3.3% | -0.9% |
| 净利润同比 | 82.4% | 127.8% |
| 每股收益（稀释后） | $2.88 | $1.92 |
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ACGLWHR
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.9B | $4.1B | ||
| Q3 25 | $5.1B | $4.0B | ||
| Q2 25 | $5.2B | $3.8B | ||
| Q1 25 | $4.7B | $3.6B | ||
| Q4 24 | $4.5B | $4.1B | ||
| Q3 24 | $4.7B | $4.0B | ||
| Q2 24 | $4.2B | $4.0B |
净利润ACGLWHR
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $109.0M | ||
| Q3 25 | $1.4B | $73.0M | ||
| Q2 25 | $1.2B | $65.0M | ||
| Q1 25 | $574.0M | $71.0M | ||
| Q4 24 | $935.0M | $-392.0M | ||
| Q3 24 | $988.0M | $109.0M | ||
| Q2 24 | $1.3B | $219.0M |
毛利率ACGLWHR
| Q1 26 | — | — | ||
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 15.7% |
营业利润率ACGLWHR
| Q1 26 | — | — | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 3.3% |
净利率ACGLWHR
| Q1 26 | 23.2% | — | ||
| Q4 25 | 25.1% | 2.7% | ||
| Q3 25 | 26.4% | 1.8% | ||
| Q2 25 | 23.7% | 1.7% | ||
| Q1 25 | 12.3% | 2.0% | ||
| Q4 24 | 20.6% | -9.5% | ||
| Q3 24 | 20.9% | 2.7% | ||
| Q2 24 | 30.0% | 5.5% |
每股收益（稀释后）ACGLWHR
| Q1 26 | $2.88 | — | ||
| Q4 25 | $3.33 | $1.92 | ||
| Q3 25 | $3.56 | $1.29 | ||
| Q2 25 | $3.23 | $1.17 | ||
| Q1 25 | $1.48 | $1.28 | ||
| Q4 24 | $2.41 | $-7.11 | ||
| Q3 24 | $2.56 | $2.00 | ||
| Q2 24 | $3.30 | $3.96 |
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 | $669.0M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $24.2B | $2.7B |
| 总资产 | $81.4B | $16.0B |
| 负债/权益比越低杠杆越低 | — | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资ACGLWHR
| Q1 26 | $24.0M | — | ||
| Q4 25 | $993.0M | $669.0M | ||
| Q3 25 | $1.1B | $934.0M | ||
| Q2 25 | $983.0M | $1.1B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $979.0M | $1.3B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.0B | $1.2B |
总债务ACGLWHR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ACGLWHR
| Q1 26 | $24.2B | — | ||
| Q4 25 | $24.2B | $2.7B | ||
| Q3 25 | $23.7B | $2.6B | ||
| Q2 25 | $23.0B | $2.6B | ||
| Q1 25 | $21.5B | $2.6B | ||
| Q4 24 | $20.8B | $2.7B | ||
| Q3 24 | $22.3B | $3.0B | ||
| Q2 24 | $20.7B | $3.1B |
总资产ACGLWHR
| Q1 26 | $81.4B | — | ||
| Q4 25 | $79.2B | $16.0B | ||
| Q3 25 | $79.2B | $16.9B | ||
| Q2 25 | $78.8B | $16.8B | ||
| Q1 25 | $75.2B | $16.5B | ||
| Q4 24 | $70.9B | $16.3B | ||
| Q3 24 | $73.7B | $17.2B | ||
| Q2 24 | $65.5B | $17.3B |
负债/权益比ACGLWHR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.26× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.46× | ||
| 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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $989.0M |
| 自由现金流率自由现金流/营收 | — | 24.1% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | 1.13× | 10.45× |
| 过去12个月自由现金流最近4个季度 | — | $81.0M |
8季度趋势，按日历期对齐
经营现金流ACGLWHR
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $2.2B | $33.0M | ||
| Q2 25 | $1.1B | $19.0M | ||
| Q1 25 | $1.5B | $-721.0M | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $2.0B | $214.0M | ||
| Q2 24 | $1.5B | $388.0M |
自由现金流ACGLWHR
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $989.0M | ||
| Q3 25 | $2.2B | $-52.0M | ||
| Q2 25 | $1.1B | $-63.0M | ||
| Q1 25 | $1.4B | $-793.0M | ||
| Q4 24 | $1.6B | $970.0M | ||
| Q3 24 | $2.0B | $127.0M | ||
| Q2 24 | $1.5B | $275.0M |
自由现金流率ACGLWHR
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 24.1% | ||
| Q3 25 | 42.6% | -1.3% | ||
| Q2 25 | 21.3% | -1.7% | ||
| Q1 25 | 31.0% | -21.9% | ||
| Q4 24 | 34.3% | 23.5% | ||
| Q3 24 | 42.5% | 3.2% | ||
| Q2 24 | 35.6% | 6.9% |
资本支出强度ACGLWHR
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 3.7% | ||
| Q3 25 | 0.2% | 2.1% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 0.3% | 3.3% | ||
| Q3 24 | 0.3% | 2.2% | ||
| Q2 24 | 0.3% | 2.8% |
现金转化率ACGLWHR
| Q1 26 | 1.13× | — | ||
| Q4 25 | 1.13× | 10.45× | ||
| Q3 25 | 1.62× | 0.45× | ||
| Q2 25 | 0.91× | 0.29× | ||
| Q1 25 | 2.54× | -10.15× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | 1.96× | ||
| Q2 24 | 1.20× | 1.77× |
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
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
