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西联汇款（AFG）与MARKEL GROUP INC.（MKL）财务数据对比。点击上方公司名可切换其他公司
MARKEL GROUP INC.的季度营收约是西联汇款的1.7倍（$3.6B vs $2.1B）。MARKEL GROUP INC.净利率更高（16.1% vs 14.5%，领先1.6%）。西联汇款同比增速更快（-4.0% vs -6.9%）。过去两年西联汇款的营收复合增速更高（4.0% vs -10.5%）
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。
Markel集团是总部位于美国弗吉尼亚州里士满的综合性企业集团，1930年最初以保险公司的身份创立，发展至今业务已覆盖保险承保、投资管理等多个板块，在全球相关行业拥有较高的市场知名度与稳定的合作网络。
AFG vs MKL — 直观对比
营收规模更大
MKL
是对方的1.7倍
$2.1B
营收增速更快
AFG
高出2.9%
-6.9%
净利率更高
MKL
高出1.6%
14.5%
两年增速更快
AFG
近两年复合增速
-10.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.6B |
| 净利润 | $299.0M | $576.8M |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | 22.2% |
| 净利率 | 14.5% | 16.1% |
| 营收同比 | -4.0% | -6.9% |
| 净利润同比 | 17.3% | 5.0% |
| 每股收益（稀释后） | $3.59 | $48.22 |
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AFGMKL
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $2.3B | $3.9B | ||
| Q2 25 | $1.9B | $4.6B | ||
| Q1 25 | $1.9B | $3.4B | ||
| Q4 24 | $2.1B | $3.8B | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $1.9B | $3.7B | ||
| Q1 24 | $1.9B | $4.5B |
净利润AFGMKL
| Q4 25 | $299.0M | $576.8M | ||
| Q3 25 | $215.0M | $751.3M | ||
| Q2 25 | $174.0M | $657.1M | ||
| Q1 25 | $154.0M | $121.7M | ||
| Q4 24 | $255.0M | $549.2M | ||
| Q3 24 | $181.0M | $905.0M | ||
| Q2 24 | $209.0M | $267.7M | ||
| Q1 24 | $242.0M | $1.0B |
营业利润率AFGMKL
| Q4 25 | 18.4% | 22.2% | ||
| Q3 25 | 11.5% | 25.7% | ||
| Q2 25 | 11.9% | 24.1% | ||
| Q1 25 | 10.6% | 8.3% | ||
| Q4 24 | 14.9% | 15.5% | ||
| Q3 24 | 9.7% | 29.7% | ||
| Q2 24 | 14.3% | 11.1% | ||
| Q1 24 | 15.9% | 29.9% |
净利率AFGMKL
| Q4 25 | 14.5% | 16.1% | ||
| Q3 25 | 9.2% | 19.1% | ||
| Q2 25 | 9.0% | 14.3% | ||
| Q1 25 | 8.3% | 3.6% | ||
| Q4 24 | 11.9% | 14.3% | ||
| Q3 24 | 7.6% | 19.6% | ||
| Q2 24 | 11.0% | 7.2% | ||
| Q1 24 | 12.7% | 23.0% |
每股收益（稀释后）AFGMKL
| Q4 25 | $3.59 | $48.22 | ||
| Q3 25 | $2.58 | $59.25 | ||
| Q2 25 | $2.07 | $49.67 | ||
| Q1 25 | $1.84 | $12.08 | ||
| Q4 24 | $3.03 | $39.02 | ||
| Q3 24 | $2.16 | $66.25 | ||
| Q2 24 | $2.49 | $18.62 | ||
| Q1 24 | $2.89 | $75.43 |
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 | $4.0B |
| 总债务越低越好 | $1.8B | $4.3B |
| 股东权益账面价值 | $4.8B | $18.6B |
| 总资产 | $32.6B | $68.9B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资AFGMKL
| Q4 25 | $1.7B | $4.0B | ||
| Q3 25 | $1.8B | $4.0B | ||
| Q2 25 | $1.3B | $3.7B | ||
| Q1 25 | $1.3B | $4.2B | ||
| Q4 24 | $1.4B | $3.7B | ||
| Q3 24 | $1.3B | $3.9B | ||
| Q2 24 | $1.1B | $3.5B | ||
| Q1 24 | $1.1B | $3.6B |
总债务AFGMKL
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $1.8B | $4.3B | ||
| Q2 25 | $1.5B | $4.4B | ||
| Q1 25 | $1.5B | $4.4B | ||
| Q4 24 | $1.5B | $4.3B | ||
| Q3 24 | $1.5B | $4.4B | ||
| Q2 24 | $1.5B | $4.4B | ||
| Q1 24 | $1.5B | $3.9B |
股东权益AFGMKL
| Q4 25 | $4.8B | $18.6B | ||
| Q3 25 | $4.7B | $18.0B | ||
| Q2 25 | $4.5B | $17.3B | ||
| Q1 25 | $4.4B | $17.1B | ||
| Q4 24 | $4.5B | $16.9B | ||
| Q3 24 | $4.7B | $17.0B | ||
| Q2 24 | $4.4B | $15.9B | ||
| Q1 24 | $4.2B | $15.7B |
总资产AFGMKL
| Q4 25 | $32.6B | $68.9B | ||
| Q3 25 | $33.8B | $67.4B | ||
| Q2 25 | $30.7B | $66.8B | ||
| Q1 25 | $30.3B | $64.6B | ||
| Q4 24 | $30.8B | $61.9B | ||
| Q3 24 | $32.6B | $62.3B | ||
| Q2 24 | $29.9B | $59.7B | ||
| Q1 24 | $30.0B | $57.3B |
负债/权益比AFGMKL
| Q4 25 | 0.38× | 0.23× | ||
| Q3 25 | 0.38× | 0.24× | ||
| Q2 25 | 0.33× | 0.25× | ||
| Q1 25 | 0.34× | 0.26× | ||
| Q4 24 | 0.33× | 0.26× | ||
| Q3 24 | 0.31× | 0.26× | ||
| Q2 24 | 0.34× | 0.28× | ||
| Q1 24 | 0.35× | 0.25× |
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 | $662.2M |
| 自由现金流经营现金流 - 资本支出 | — | $599.1M |
| 自由现金流率自由现金流/营收 | — | 16.7% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | 2.62× | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流AFGMKL
| Q4 25 | $784.0M | $662.2M | ||
| Q3 25 | $216.0M | $1.2B | ||
| Q2 25 | $191.0M | $504.4M | ||
| Q1 25 | $342.0M | $376.2M | ||
| Q4 24 | $674.0M | $493.9M | ||
| Q3 24 | $459.0M | $890.8M | ||
| Q2 24 | $-88.0M | $578.6M | ||
| Q1 24 | $107.0M | $630.7M |
自由现金流AFGMKL
| Q4 25 | — | $599.1M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $453.8M | ||
| Q1 25 | — | $335.5M | ||
| Q4 24 | — | $420.0M | ||
| Q3 24 | — | $838.9M | ||
| Q2 24 | — | $521.4M | ||
| Q1 24 | — | $558.7M |
自由现金流率AFGMKL
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 14.1% | ||
| Q1 24 | — | 12.5% |
资本支出强度AFGMKL
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.6% |
现金转化率AFGMKL
| Q4 25 | 2.62× | 1.15× | ||
| Q3 25 | 1.00× | 1.62× | ||
| Q2 25 | 1.10× | 0.77× | ||
| Q1 25 | 2.22× | 3.09× | ||
| Q4 24 | 2.64× | 0.90× | ||
| Q3 24 | 2.54× | 0.98× | ||
| Q2 24 | -0.42× | 2.16× | ||
| Q1 24 | 0.44× | 0.62× |
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
暂无分部数据
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
