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Ares Commercial Real Estate Corp（ACRE）与Aflac（AFL）财务数据对比。点击上方公司名可切换其他公司
Aflac的季度营收约是Ares Commercial Real Estate Corp的368.2倍（$4.9B vs $13.2M）。Aflac净利率更高（28.3% vs -29.2%，领先57.6%）。Aflac同比增速更快（-10.0% vs -24.5%）。过去两年Aflac的营收复合增速更高（-5.4% vs -15.9%）
Ares Commercial Real Estate Corp是隶属于阿瑞斯管理集团的专业金融企业，专注于商业地产领域，提供优先抵押贷款、次级债务、优先股投资等各类定制化融资解决方案，主要服务覆盖美国全境的中型商业地产所有者及运营主体。
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
ACRE vs AFL — 直观对比
营收规模更大
AFL
是对方的368.2倍
$13.2M
营收增速更快
AFL
高出14.6%
-24.5%
净利率更高
AFL
高出57.6%
-29.2%
两年增速更快
AFL
近两年复合增速
-15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $13.2M | $4.9B |
| 净利润 | $-3.9M | $1.4B |
| 毛利率 | — | — |
| 营业利润率 | -29.2% | 32.3% |
| 净利率 | -29.2% | 28.3% |
| 营收同比 | -24.5% | -10.0% |
| 净利润同比 | 63.8% | -27.5% |
| 每股收益（稀释后） | — | $2.58 |
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ACREAFL
| Q4 25 | $13.2M | $4.9B | ||
| Q3 25 | $14.1M | $4.7B | ||
| Q2 25 | $12.6M | $4.2B | ||
| Q1 25 | $14.9M | $3.4B | ||
| Q4 24 | $17.5M | $5.4B | ||
| Q3 24 | $16.7M | $2.9B | ||
| Q2 24 | $16.8M | $5.1B | ||
| Q1 24 | $18.7M | $5.4B |
净利润ACREAFL
| Q4 25 | $-3.9M | $1.4B | ||
| Q3 25 | $4.7M | $1.6B | ||
| Q2 25 | $-11.0M | $599.0M | ||
| Q1 25 | $9.3M | $29.0M | ||
| Q4 24 | $-10.7M | $1.9B | ||
| Q3 24 | $-5.9M | $-93.0M | ||
| Q2 24 | $-6.1M | $1.8B | ||
| Q1 24 | $-12.3M | $1.9B |
营业利润率ACREAFL
| Q4 25 | -29.2% | 32.3% | ||
| Q3 25 | 33.0% | 42.1% | ||
| Q2 25 | -87.8% | 19.8% | ||
| Q1 25 | 64.4% | 4.3% | ||
| Q4 24 | -61.0% | 39.5% | ||
| Q3 24 | -35.3% | 3.1% | ||
| Q2 24 | -36.5% | 39.3% | ||
| Q1 24 | -65.9% | 39.9% |
净利率ACREAFL
| Q4 25 | -29.2% | 28.3% | ||
| Q3 25 | 33.0% | 34.6% | ||
| Q2 25 | -87.8% | 14.4% | ||
| Q1 25 | 62.5% | 0.9% | ||
| Q4 24 | -60.9% | 35.2% | ||
| Q3 24 | -35.3% | -3.2% | ||
| Q2 24 | -36.5% | 34.2% | ||
| Q1 24 | -65.9% | 34.6% |
每股收益（稀释后）ACREAFL
| Q4 25 | — | $2.58 | ||
| Q3 25 | — | $3.08 | ||
| Q2 25 | — | $1.11 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | — | $3.45 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $3.10 | ||
| Q1 24 | — | $3.25 |
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 | $29.3M | $6.2B |
| 总债务越低越好 | $948.2M | — |
| 股东权益账面价值 | $509.6M | $29.5B |
| 总资产 | $1.6B | $116.5B |
| 负债/权益比越低杠杆越低 | 1.86× | — |
8季度趋势，按日历期对齐
现金及短期投资ACREAFL
| Q4 25 | $29.3M | $6.2B | ||
| Q3 25 | $84.9M | $6.8B | ||
| Q2 25 | $90.0M | $7.0B | ||
| Q1 25 | $125.5M | $5.2B | ||
| Q4 24 | $63.8M | $6.2B | ||
| Q3 24 | $68.9M | $5.6B | ||
| Q2 24 | $70.6M | $6.1B | ||
| Q1 24 | $99.5M | $5.1B |
总债务ACREAFL
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACREAFL
| Q4 25 | $509.6M | $29.5B | ||
| Q3 25 | $521.0M | $28.7B | ||
| Q2 25 | $523.7M | $27.2B | ||
| Q1 25 | $542.1M | $26.3B | ||
| Q4 24 | $540.1M | $26.1B | ||
| Q3 24 | $563.8M | $24.8B | ||
| Q2 24 | $582.3M | $26.0B | ||
| Q1 24 | $601.1M | $23.5B |
总资产ACREAFL
| Q4 25 | $1.6B | $116.5B | ||
| Q3 25 | $1.4B | $122.3B | ||
| Q2 25 | $1.4B | $124.7B | ||
| Q1 25 | $1.5B | $120.3B | ||
| Q4 24 | $1.8B | $117.6B | ||
| Q3 24 | $1.9B | $128.4B | ||
| Q2 24 | $2.1B | $120.2B | ||
| Q1 24 | $2.1B | $124.7B |
负债/权益比ACREAFL
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $4.6M | $315.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.23× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACREAFL
| Q4 25 | $4.6M | $315.0M | ||
| Q3 25 | $3.8M | $1.3B | ||
| Q2 25 | $4.9M | $399.0M | ||
| Q1 25 | $8.0M | $589.0M | ||
| Q4 24 | $7.1M | $333.0M | ||
| Q3 24 | $8.4M | $1.3B | ||
| Q2 24 | $8.7M | $255.0M | ||
| Q1 24 | $11.4M | $849.0M |
现金转化率ACREAFL
| Q4 25 | — | 0.23× | ||
| Q3 25 | 0.82× | 0.76× | ||
| Q2 25 | — | 0.67× | ||
| Q1 25 | 0.86× | 20.31× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.45× |
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
ACRE
暂无分部数据
AFL
| Aflac Japan | $2.3B | 47% |
| Aflac US | $1.7B | 35% |
| Other | $862.0M | 18% |
