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西联汇款（AFG）与Progressive Corporation（PGR）财务数据对比。点击上方公司名可切换其他公司
Progressive Corporation的季度营收约是西联汇款的11.0倍（$22.7B vs $2.1B）。西联汇款净利率更高（14.5% vs 13.0%，领先1.5%）。Progressive Corporation同比增速更快（12.2% vs -4.0%）。过去两年Progressive Corporation的营收复合增速更高（14.9% 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。
美国Progressive Corporation是1937年由杰克·格林与约瑟夫·M·刘易斯联合创立的保险公司，总部位于俄亥俄州梅菲尔德，是美国第二大汽车保险服务商，仅次于州立农业保险。其业务覆盖乘用车、摩托车、房车、船只、商用车等险种，同时通过合作机构提供家财险、寿险、宠物险等多元保险产品。
AFG vs PGR — 直观对比
营收规模更大
PGR
是对方的11.0倍
$2.1B
营收增速更快
PGR
高出16.2%
-4.0%
净利率更高
AFG
高出1.5%
13.0%
两年增速更快
PGR
近两年复合增速
4.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $22.7B |
| 净利润 | $299.0M | $3.0B |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | 16.2% |
| 净利率 | 14.5% | 13.0% |
| 营收同比 | -4.0% | 12.2% |
| 净利润同比 | 17.3% | 25.3% |
| 每股收益（稀释后） | $3.59 | $5.01 |
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AFGPGR
| Q4 25 | $2.1B | $22.7B | ||
| Q3 25 | $2.3B | $22.5B | ||
| Q2 25 | $1.9B | $22.0B | ||
| Q1 25 | $1.9B | $20.4B | ||
| Q4 24 | $2.1B | $20.3B | ||
| Q3 24 | $2.4B | $19.7B | ||
| Q2 24 | $1.9B | $18.1B | ||
| Q1 24 | $1.9B | $17.2B |
净利润AFGPGR
| Q4 25 | $299.0M | $3.0B | ||
| Q3 25 | $215.0M | $2.6B | ||
| Q2 25 | $174.0M | $3.2B | ||
| Q1 25 | $154.0M | $2.6B | ||
| Q4 24 | $255.0M | $2.4B | ||
| Q3 24 | $181.0M | $2.3B | ||
| Q2 24 | $209.0M | $1.5B | ||
| Q1 24 | $242.0M | $2.3B |
营业利润率AFGPGR
| Q4 25 | 18.4% | 16.2% | ||
| Q3 25 | 11.5% | 14.8% | ||
| Q2 25 | 11.9% | 18.1% | ||
| Q1 25 | 10.6% | 15.9% | ||
| Q4 24 | 14.9% | 14.6% | ||
| Q3 24 | 9.7% | 14.9% | ||
| Q2 24 | 14.3% | 10.3% | ||
| Q1 24 | 15.9% | 17.1% |
净利率AFGPGR
| Q4 25 | 14.5% | 13.0% | ||
| Q3 25 | 9.2% | 11.6% | ||
| Q2 25 | 9.0% | 14.4% | ||
| Q1 25 | 8.3% | 12.6% | ||
| Q4 24 | 11.9% | 11.6% | ||
| Q3 24 | 7.6% | 11.8% | ||
| Q2 24 | 11.0% | 8.0% | ||
| Q1 24 | 12.7% | 13.5% |
每股收益（稀释后）AFGPGR
| Q4 25 | $3.59 | $5.01 | ||
| Q3 25 | $2.58 | $4.45 | ||
| Q2 25 | $2.07 | $5.40 | ||
| Q1 25 | $1.84 | $4.37 | ||
| Q4 24 | $3.03 | $4.01 | ||
| Q3 24 | $2.16 | $3.97 | ||
| Q2 24 | $2.49 | $2.48 | ||
| Q1 24 | $2.89 | $3.94 |
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 | $10.0B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $4.8B | $30.3B |
| 总资产 | $32.6B | $123.0B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资AFGPGR
| Q4 25 | $1.7B | $10.0B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.4B | $615.0M | ||
| Q3 24 | $1.3B | $757.0M | ||
| Q2 24 | $1.1B | $733.0M | ||
| Q1 24 | $1.1B | $1.3B |
总债务AFGPGR
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益AFGPGR
| Q4 25 | $4.8B | $30.3B | ||
| Q3 25 | $4.7B | $35.4B | ||
| Q2 25 | $4.5B | $32.6B | ||
| Q1 25 | $4.4B | $29.0B | ||
| Q4 24 | $4.5B | $25.6B | ||
| Q3 24 | $4.7B | $27.2B | ||
| Q2 24 | $4.4B | $23.3B | ||
| Q1 24 | $4.2B | $21.8B |
总资产AFGPGR
| Q4 25 | $32.6B | $123.0B | ||
| Q3 25 | $33.8B | $121.5B | ||
| Q2 25 | $30.7B | $115.5B | ||
| Q1 25 | $30.3B | $111.4B | ||
| Q4 24 | $30.8B | $105.7B | ||
| Q3 24 | $32.6B | $105.2B | ||
| Q2 24 | $29.9B | $97.9B | ||
| Q1 24 | $30.0B | $94.1B |
负债/权益比AFGPGR
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| 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 | $3.2B |
| 自由现金流经营现金流 - 资本支出 | — | $3.0B |
| 自由现金流率自由现金流/营收 | — | 13.4% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 2.62× | 1.07× |
| 过去12个月自由现金流最近4个季度 | — | $17.2B |
8季度趋势，按日历期对齐
经营现金流AFGPGR
| Q4 25 | $784.0M | $3.2B | ||
| Q3 25 | $216.0M | $5.2B | ||
| Q2 25 | $191.0M | $4.0B | ||
| Q1 25 | $342.0M | $5.1B | ||
| Q4 24 | $674.0M | $3.0B | ||
| Q3 24 | $459.0M | $4.6B | ||
| Q2 24 | $-88.0M | $3.3B | ||
| Q1 24 | $107.0M | $4.2B |
自由现金流AFGPGR
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $4.2B |
自由现金流率AFGPGR
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 22.8% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 24.3% |
资本支出强度AFGPGR
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
现金转化率AFGPGR
| Q4 25 | 2.62× | 1.07× | ||
| Q3 25 | 1.00× | 1.99× | ||
| Q2 25 | 1.10× | 1.27× | ||
| Q1 25 | 2.22× | 2.00× | ||
| Q4 24 | 2.64× | 1.28× | ||
| Q3 24 | 2.54× | 1.97× | ||
| Q2 24 | -0.42× | 2.24× | ||
| Q1 24 | 0.44× | 1.82× |
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
PGR
| Other | $11.9B | 52% |
| Commercial Lines Segment | $10.9B | 48% |
| Other Indemnity | $2.0M | 0% |
