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西联汇款（AFG）与MERCURY GENERAL CORP（MCY）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是MERCURY GENERAL CORP的1.3倍（$2.1B vs $1.5B），西联汇款净利率更高（14.5% vs 13.2%，领先1.3%），MERCURY GENERAL CORP同比增速更快（12.4% vs -4.0%），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs 4.0%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
AFG vs MCY — 直观对比
营收规模更大
AFG
是对方的1.3倍
$1.5B
营收增速更快
MCY
高出16.4%
-4.0%
净利率更高
AFG
高出1.3%
13.2%
两年增速更快
MCY
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.5B |
| 净利润 | $299.0M | $202.5M |
| 毛利率 | — | 99.7% |
| 营业利润率 | 18.4% | 16.2% |
| 净利率 | 14.5% | 13.2% |
| 营收同比 | -4.0% | 12.4% |
| 净利润同比 | 17.3% | 100.4% |
| 每股收益（稀释后） | $3.59 | $3.66 |
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AFGMCY
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $1.3B |
净利润AFGMCY
| Q4 25 | $299.0M | $202.5M | ||
| Q3 25 | $215.0M | $280.4M | ||
| Q2 25 | $174.0M | $166.5M | ||
| Q1 25 | $154.0M | $-108.3M | ||
| Q4 24 | $255.0M | $101.1M | ||
| Q3 24 | $181.0M | $230.9M | ||
| Q2 24 | $209.0M | $62.6M | ||
| Q1 24 | $242.0M | $73.5M |
毛利率AFGMCY
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% | ||
| Q1 24 | — | 99.7% |
营业利润率AFGMCY
| Q4 25 | 18.4% | 16.2% | ||
| Q3 25 | 11.5% | 22.1% | ||
| Q2 25 | 11.9% | 14.0% | ||
| Q1 25 | 10.6% | -10.2% | ||
| Q4 24 | 14.9% | 9.0% | ||
| Q3 24 | 9.7% | 18.8% | ||
| Q2 24 | 14.3% | 5.8% | ||
| Q1 24 | 15.9% | 7.0% |
净利率AFGMCY
| Q4 25 | 14.5% | 13.2% | ||
| Q3 25 | 9.2% | 17.7% | ||
| Q2 25 | 9.0% | 11.3% | ||
| Q1 25 | 8.3% | -7.8% | ||
| Q4 24 | 11.9% | 7.4% | ||
| Q3 24 | 7.6% | 15.1% | ||
| Q2 24 | 11.0% | 4.8% | ||
| Q1 24 | 12.7% | 5.8% |
每股收益（稀释后）AFGMCY
| Q4 25 | $3.59 | $3.66 | ||
| Q3 25 | $2.58 | $5.06 | ||
| Q2 25 | $2.07 | $3.01 | ||
| Q1 25 | $1.84 | $-1.96 | ||
| Q4 24 | $3.03 | $1.82 | ||
| Q3 24 | $2.16 | $4.17 | ||
| Q2 24 | $2.49 | $1.13 | ||
| Q1 24 | $2.89 | $1.33 |
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 | $1.7B | — |
| 总债务越低越好 | $1.8B | $575.0M |
| 股东权益账面价值 | $4.8B | $2.4B |
| 总资产 | $32.6B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资AFGMCY
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
总债务AFGMCY
| Q4 25 | $1.8B | $575.0M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $575.0M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益AFGMCY
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.4B | $1.8B | ||
| Q4 24 | $4.5B | $1.9B | ||
| Q3 24 | $4.7B | $1.9B | ||
| Q2 24 | $4.4B | $1.6B | ||
| Q1 24 | $4.2B | $1.6B |
总资产AFGMCY
| Q4 25 | $32.6B | $9.6B | ||
| Q3 25 | $33.8B | $9.4B | ||
| Q2 25 | $30.7B | $9.1B | ||
| Q1 25 | $30.3B | $9.0B | ||
| Q4 24 | $30.8B | $8.3B | ||
| Q3 24 | $32.6B | $8.2B | ||
| Q2 24 | $29.9B | $7.7B | ||
| Q1 24 | $30.0B | $7.4B |
负债/权益比AFGMCY
| Q4 25 | 0.38× | 0.24× | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | 0.30× | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
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 | $784.0M | $287.9M |
| 自由现金流经营现金流 - 资本支出 | — | $273.9M |
| 自由现金流率自由现金流/营收 | — | 17.8% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 2.62× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流AFGMCY
| Q4 25 | $784.0M | $287.9M | ||
| Q3 25 | $216.0M | $496.4M | ||
| Q2 25 | $191.0M | $371.6M | ||
| Q1 25 | $342.0M | $-68.7M | ||
| Q4 24 | $674.0M | $248.3M | ||
| Q3 24 | $459.0M | $318.1M | ||
| Q2 24 | $-88.0M | $278.0M | ||
| Q1 24 | $107.0M | $192.6M |
自由现金流AFGMCY
| Q4 25 | — | $273.9M | ||
| Q3 25 | — | $479.5M | ||
| Q2 25 | — | $357.2M | ||
| Q1 25 | — | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | — | $306.2M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $182.4M |
自由现金流率AFGMCY
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 30.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 14.3% |
资本支出强度AFGMCY
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
现金转化率AFGMCY
| Q4 25 | 2.62× | 1.42× | ||
| Q3 25 | 1.00× | 1.77× | ||
| Q2 25 | 1.10× | 2.23× | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.64× | 2.46× | ||
| Q3 24 | 2.54× | 1.38× | ||
| Q2 24 | -0.42× | 4.44× | ||
| Q1 24 | 0.44× | 2.62× |
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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
MCY
暂无分部数据
