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ADT Inc.（ADT）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是ADT Inc.的1.7倍（$2.2B vs $1.3B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 11.4%，领先12.1%），ADT Inc.同比增速更快（2.9% vs -36.8%），过去两年ADT Inc.的营收复合增速更高（2.7% vs -11.9%）
ADT Inc.是美国头部安防企业，总部位于佛罗里达州博卡拉顿，业务覆盖美国与加拿大，为住宅、小型商户提供电子安防、消防防护及相关报警监控服务。公司2016年被阿波罗全球管理以69亿美元杠杆收购，2018年1月于纽约证券交易所上市。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
ADT vs RNR — 直观对比
营收规模更大
RNR
是对方的1.7倍
$1.3B
营收增速更快
ADT
高出39.6%
-36.8%
净利率更高
RNR
高出12.1%
11.4%
两年增速更快
ADT
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.2B |
| 净利润 | $145.4M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 26.1% | — |
| 净利率 | 11.4% | 23.5% |
| 营收同比 | 2.9% | -36.8% |
| 净利润同比 | -23.5% | 72.6% |
| 每股收益（稀释后） | — | $6.57 |
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ADTRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.3B | $3.0B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.3B | $3.2B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.2B | $2.8B |
净利润ADTRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $145.4M | $760.5M | ||
| Q3 25 | $145.1M | $916.5M | ||
| Q2 25 | $165.2M | $835.4M | ||
| Q1 25 | $140.2M | $170.0M | ||
| Q4 24 | $190.0M | $-189.7M | ||
| Q3 24 | $127.2M | $1.2B | ||
| Q2 24 | $92.4M | $503.9M |
营业利润率ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | 26.1% | 42.5% | ||
| Q3 25 | 24.3% | 46.3% | ||
| Q2 25 | 26.6% | 41.8% | ||
| Q1 25 | 25.2% | -2.0% | ||
| Q4 24 | 32.4% | -3.6% | ||
| Q3 24 | 26.2% | 43.7% | ||
| Q2 24 | 23.6% | 25.0% |
净利率ADTRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 11.4% | 25.6% | ||
| Q3 25 | 11.2% | 28.7% | ||
| Q2 25 | 12.8% | 26.1% | ||
| Q1 25 | 11.1% | 4.9% | ||
| Q4 24 | 15.3% | -8.3% | ||
| Q3 24 | 10.2% | 29.8% | ||
| Q2 24 | 7.7% | 17.8% |
每股收益（稀释后）ADTRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | — | $16.16 | ||
| Q3 25 | — | $19.40 | ||
| Q2 25 | — | $17.20 | ||
| Q1 25 | — | $3.27 | ||
| Q4 24 | — | $-3.76 | ||
| Q3 24 | — | $22.62 | ||
| Q2 24 | — | $9.41 |
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 | $80.8M | $1.6B |
| 总债务越低越好 | $7.4B | — |
| 股东权益账面价值 | $3.8B | $4.3B |
| 总资产 | $15.8B | $53.7B |
| 负债/权益比越低杠杆越低 | 1.95× | — |
8季度趋势，按日历期对齐
现金及短期投资ADTRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $80.8M | $1.7B | ||
| Q3 25 | $62.8M | $1.7B | ||
| Q2 25 | $45.2M | $1.4B | ||
| Q1 25 | $3.7M | $1.6B | ||
| Q4 24 | $96.2M | $1.7B | ||
| Q3 24 | $95.3M | $1.6B | ||
| Q2 24 | $37.9M | $1.6B |
总债务ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $2.3B | ||
| Q3 25 | $7.3B | $2.2B | ||
| Q2 25 | $6.8B | $2.3B | ||
| Q1 25 | $7.6B | $2.8B | ||
| Q4 24 | $7.5B | $1.9B | ||
| Q3 24 | $7.5B | $1.9B | ||
| Q2 24 | $7.5B | $2.0B |
股东权益ADTRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.8B | $11.6B | ||
| Q3 25 | $3.7B | $11.5B | ||
| Q2 25 | $3.7B | $10.8B | ||
| Q1 25 | $3.6B | $10.3B | ||
| Q4 24 | $3.8B | $10.6B | ||
| Q3 24 | $3.9B | $11.2B | ||
| Q2 24 | $3.8B | $10.2B |
总资产ADTRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $15.8B | $53.8B | ||
| Q3 25 | $16.0B | $54.5B | ||
| Q2 25 | $16.0B | $54.7B | ||
| Q1 25 | $15.8B | $53.6B | ||
| Q4 24 | $16.1B | $50.7B | ||
| Q3 24 | $16.1B | $52.8B | ||
| Q2 24 | $16.0B | $51.6B |
负债/权益比ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 0.20× | ||
| Q3 25 | 1.99× | 0.19× | ||
| Q2 25 | 1.84× | 0.21× | ||
| Q1 25 | 2.10× | 0.27× | ||
| Q4 24 | 1.98× | 0.18× | ||
| Q3 24 | 1.93× | 0.17× | ||
| Q2 24 | 1.98× | 0.19× |
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 | $373.6M | — |
| 自由现金流经营现金流 - 资本支出 | $323.5M | — |
| 自由现金流率自由现金流/营收 | 25.4% | — |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 2.57× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | — |
8季度趋势，按日历期对齐
经营现金流ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | $373.6M | $483.0M | ||
| Q3 25 | $480.1M | $1.6B | ||
| Q2 25 | $563.9M | $1.5B | ||
| Q1 25 | $466.6M | $157.8M | ||
| Q4 24 | $459.7M | $778.9M | ||
| Q3 24 | $498.2M | $1.5B | ||
| Q2 24 | $563.2M | $1.2B |
自由现金流ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | $323.5M | — | ||
| Q3 25 | $437.4M | — | ||
| Q2 25 | $526.3M | — | ||
| Q1 25 | $421.2M | — | ||
| Q4 24 | $426.0M | — | ||
| Q3 24 | $455.5M | — | ||
| Q2 24 | $516.5M | — |
自由现金流率ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | 25.4% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 33.2% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 42.9% | — |
资本支出强度ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 3.9% | — |
现金转化率ADTRNR
| Q1 26 | — | — | ||
| Q4 25 | 2.57× | 0.64× | ||
| Q3 25 | 3.31× | 1.73× | ||
| Q2 25 | 3.41× | 1.76× | ||
| Q1 25 | 3.33× | 0.93× | ||
| Q4 24 | 2.42× | — | ||
| Q3 24 | 3.92× | 1.26× | ||
| Q2 24 | 6.10× | 2.41× |
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
ADT
| Recurring Monthly Revenue | $1.0B | 82% |
| Installation Revenue | $103.0M | 8% |
| Other | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
RNR
暂无分部数据
