vs
Ameren（AEE）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Ameren的1.2倍（$2.2B vs $1.8B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 14.2%，领先9.3%），Ameren同比增速更快（-8.2% vs -36.8%），过去两年Ameren的营收复合增速更高（-0.9% vs -11.9%）
Ameren Corporation是美国公共事业控股企业，下设Ameren密苏里、伊利诺伊州配电、伊利诺伊州天然气、输电四大业务板块，主营受费率监管的发电、输电、配电业务，以及受监管的天然气输配业务，电力生产主要采用煤炭、核电等能源。
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。
AEE vs RNR — 直观对比
营收规模更大
RNR
是对方的1.2倍
$1.8B
营收增速更快
AEE
高出28.6%
-36.8%
净利率更高
RNR
高出9.3%
14.2%
两年增速更快
AEE
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.2B |
| 净利润 | $253.0M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 20.2% | — |
| 净利率 | 14.2% | 23.5% |
| 营收同比 | -8.2% | -36.8% |
| 净利润同比 | 21.6% | 72.6% |
| 每股收益（稀释后） | $0.92 | $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AEERNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.8B | $3.0B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.2B | $3.2B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $1.7B | $2.8B |
净利润AEERNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $253.0M | $760.5M | ||
| Q3 25 | $641.0M | $916.5M | ||
| Q2 25 | $277.0M | $835.4M | ||
| Q1 25 | $290.0M | $170.0M | ||
| Q4 24 | $208.0M | $-189.7M | ||
| Q3 24 | $457.0M | $1.2B | ||
| Q2 24 | $260.0M | $503.9M |
营业利润率AEERNR
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 42.5% | ||
| Q3 25 | 30.6% | 46.3% | ||
| Q2 25 | 18.5% | 41.8% | ||
| Q1 25 | 20.5% | -2.0% | ||
| Q4 24 | 10.2% | -3.6% | ||
| Q3 24 | 27.0% | 43.7% | ||
| Q2 24 | 21.3% | 25.0% |
净利率AEERNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 14.2% | 25.6% | ||
| Q3 25 | 23.7% | 28.7% | ||
| Q2 25 | 12.5% | 26.1% | ||
| Q1 25 | 13.8% | 4.9% | ||
| Q4 24 | 10.7% | -8.3% | ||
| Q3 24 | 21.0% | 29.8% | ||
| Q2 24 | 15.4% | 17.8% |
每股收益（稀释后）AEERNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.92 | $16.16 | ||
| Q3 25 | $2.35 | $19.40 | ||
| Q2 25 | $1.01 | $17.20 | ||
| Q1 25 | $1.07 | $3.27 | ||
| Q4 24 | $0.77 | $-3.76 | ||
| Q3 24 | $1.70 | $22.62 | ||
| Q2 24 | $0.97 | $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 | $13.0M | $1.6B |
| 总债务越低越好 | $19.4B | — |
| 股东权益账面价值 | $13.4B | $4.3B |
| 总资产 | $48.5B | $53.7B |
| 负债/权益比越低杠杆越低 | 1.45× | — |
8季度趋势，按日历期对齐
现金及短期投资AEERNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $13.0M | $1.7B | ||
| Q3 25 | $9.0M | $1.7B | ||
| Q2 25 | $11.0M | $1.4B | ||
| Q1 25 | $23.0M | $1.6B | ||
| Q4 24 | $7.0M | $1.7B | ||
| Q3 24 | $17.0M | $1.6B | ||
| Q2 24 | $19.0M | $1.6B |
总债务AEERNR
| Q1 26 | — | — | ||
| Q4 25 | $19.4B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $17.8B | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益AEERNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $13.4B | $11.6B | ||
| Q3 25 | $12.8B | $11.5B | ||
| Q2 25 | $12.3B | $10.8B | ||
| Q1 25 | $12.2B | $10.3B | ||
| Q4 24 | $12.1B | $10.6B | ||
| Q3 24 | $11.8B | $11.2B | ||
| Q2 24 | $11.5B | $10.2B |
总资产AEERNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $48.5B | $53.8B | ||
| Q3 25 | $47.4B | $54.5B | ||
| Q2 25 | $46.6B | $54.7B | ||
| Q1 25 | $45.7B | $53.6B | ||
| Q4 24 | $44.6B | $50.7B | ||
| Q3 24 | $43.3B | $52.8B | ||
| Q2 24 | $42.3B | $51.6B |
负债/权益比AEERNR
| Q1 26 | — | — | ||
| Q4 25 | 1.45× | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 1.47× | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 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 | $956.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | — |
| 自由现金流率自由现金流/营收 | -3.0% | — |
| 资本支出强度资本支出/营收 | 56.7% | — |
| 现金转化率经营现金流/净利润 | 3.78× | — |
| 过去12个月自由现金流最近4个季度 | $-775.0M | — |
8季度趋势，按日历期对齐
经营现金流AEERNR
| Q1 26 | — | — | ||
| Q4 25 | $956.0M | $483.0M | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $862.0M | $1.5B | ||
| Q1 25 | $431.0M | $157.8M | ||
| Q4 24 | $817.0M | $778.9M | ||
| Q3 24 | $897.0M | $1.5B | ||
| Q2 24 | $557.0M | $1.2B |
自由现金流AEERNR
| Q1 26 | — | — | ||
| Q4 25 | $-54.0M | — | ||
| Q3 25 | $116.0M | — | ||
| Q2 25 | $-204.0M | — | ||
| Q1 25 | $-633.0M | — | ||
| Q4 24 | $-473.0M | — | ||
| Q3 24 | $-240.0M | — | ||
| Q2 24 | $-445.0M | — |
自由现金流率AEERNR
| Q1 26 | — | — | ||
| Q4 25 | -3.0% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | -9.2% | — | ||
| Q1 25 | -30.2% | — | ||
| Q4 24 | -24.4% | — | ||
| Q3 24 | -11.0% | — | ||
| Q2 24 | -26.3% | — |
资本支出强度AEERNR
| Q1 26 | — | — | ||
| Q4 25 | 56.7% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 48.0% | — | ||
| Q1 25 | 50.7% | — | ||
| Q4 24 | 66.5% | — | ||
| Q3 24 | 52.3% | — | ||
| Q2 24 | 59.2% | — |
现金转化率AEERNR
| Q1 26 | — | — | ||
| Q4 25 | 3.78× | 0.64× | ||
| Q3 25 | 1.72× | 1.73× | ||
| Q2 25 | 3.11× | 1.76× | ||
| Q1 25 | 1.49× | 0.93× | ||
| Q4 24 | 3.93× | — | ||
| Q3 24 | 1.96× | 1.26× | ||
| Q2 24 | 2.14× | 2.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
