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西联汇款（AFG）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是西联汇款的1.9倍（$4.0B vs $2.1B），西联汇款净利率更高（14.5% vs 13.3%，领先1.2%），United Rentals同比增速更快（7.2% vs -4.0%），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
AFG vs URI — 直观对比
营收规模更大
URI
是对方的1.9倍
$2.1B
营收增速更快
URI
高出11.2%
-4.0%
净利率更高
AFG
高出1.2%
13.3%
两年增速更快
URI
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $4.0B |
| 净利润 | $299.0M | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | 18.4% | 21.8% |
| 净利率 | 14.5% | 13.3% |
| 营收同比 | -4.0% | 7.2% |
| 净利润同比 | 17.3% | 2.5% |
| 每股收益（稀释后） | $3.59 | $8.43 |
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AFGURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.1B | $992.0M | ||
| Q3 25 | $2.3B | $938.0M | ||
| Q2 25 | $1.9B | $872.0M | ||
| Q1 25 | $1.9B | $893.0M | ||
| Q4 24 | $2.1B | $1.0B | ||
| Q3 24 | $2.4B | $874.0M | ||
| Q2 24 | $1.9B | $870.0M |
净利润AFGURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $299.0M | $653.0M | ||
| Q3 25 | $215.0M | $701.0M | ||
| Q2 25 | $174.0M | $622.0M | ||
| Q1 25 | $154.0M | $518.0M | ||
| Q4 24 | $255.0M | $689.0M | ||
| Q3 24 | $181.0M | $708.0M | ||
| Q2 24 | $209.0M | $636.0M |
毛利率AFGURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率AFGURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 10.6% | 90.0% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 14.3% | — |
净利率AFGURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 14.5% | 65.8% | ||
| Q3 25 | 9.2% | 74.7% | ||
| Q2 25 | 9.0% | 71.3% | ||
| Q1 25 | 8.3% | 58.0% | ||
| Q4 24 | 11.9% | 67.6% | ||
| Q3 24 | 7.6% | 81.0% | ||
| Q2 24 | 11.0% | 73.1% |
每股收益（稀释后）AFGURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | $3.59 | $10.20 | ||
| Q3 25 | $2.58 | $10.91 | ||
| Q2 25 | $2.07 | $9.59 | ||
| Q1 25 | $1.84 | $7.91 | ||
| Q4 24 | $3.03 | $10.41 | ||
| Q3 24 | $2.16 | $10.70 | ||
| Q2 24 | $2.49 | $9.54 |
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 | $156.0M |
| 总债务越低越好 | $1.8B | $13.9B |
| 股东权益账面价值 | $4.8B | $9.0B |
| 总资产 | $32.6B | $29.9B |
| 负债/权益比越低杠杆越低 | 0.38× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资AFGURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $1.7B | $459.0M | ||
| Q3 25 | $1.8B | $512.0M | ||
| Q2 25 | $1.3B | $548.0M | ||
| Q1 25 | $1.3B | $542.0M | ||
| Q4 24 | $1.4B | $457.0M | ||
| Q3 24 | $1.3B | $479.0M | ||
| Q2 24 | $1.1B | $467.0M |
总债务AFGURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $1.8B | $12.7B | ||
| Q3 25 | $1.8B | $12.6B | ||
| Q2 25 | $1.5B | $12.1B | ||
| Q1 25 | $1.5B | $11.5B | ||
| Q4 24 | $1.5B | $12.2B | ||
| Q3 24 | $1.5B | $11.9B | ||
| Q2 24 | $1.5B | $11.5B |
股东权益AFGURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $4.8B | $9.0B | ||
| Q3 25 | $4.7B | $9.0B | ||
| Q2 25 | $4.5B | $9.0B | ||
| Q1 25 | $4.4B | $8.8B | ||
| Q4 24 | $4.5B | $8.6B | ||
| Q3 24 | $4.7B | $8.6B | ||
| Q2 24 | $4.4B | $8.3B |
总资产AFGURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $32.6B | $29.9B | ||
| Q3 25 | $33.8B | $30.1B | ||
| Q2 25 | $30.7B | $29.2B | ||
| Q1 25 | $30.3B | $28.1B | ||
| Q4 24 | $30.8B | $28.2B | ||
| Q3 24 | $32.6B | $28.4B | ||
| Q2 24 | $29.9B | $27.6B |
负债/权益比AFGURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 0.38× | 1.41× | ||
| Q3 25 | 0.38× | 1.40× | ||
| Q2 25 | 0.33× | 1.34× | ||
| Q1 25 | 0.34× | 1.31× | ||
| Q4 24 | 0.33× | 1.42× | ||
| Q3 24 | 0.31× | 1.38× | ||
| Q2 24 | 0.34× | 1.39× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 26.4% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.62× | 2.85× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AFGURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $784.0M | $1.3B | ||
| Q3 25 | $216.0M | $1.2B | ||
| Q2 25 | $191.0M | $1.3B | ||
| Q1 25 | $342.0M | $1.4B | ||
| Q4 24 | $674.0M | $1.0B | ||
| Q3 24 | $459.0M | $1.2B | ||
| Q2 24 | $-88.0M | $1.3B |
自由现金流AFGURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $471.0M | ||
| Q3 24 | — | $-168.0M | ||
| Q2 24 | — | $-263.0M |
自由现金流率AFGURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 46.2% | ||
| Q3 24 | — | -19.2% | ||
| Q2 24 | — | -30.2% |
资本支出强度AFGURI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 56.6% | ||
| Q3 24 | — | 157.0% | ||
| Q2 24 | — | 175.6% |
现金转化率AFGURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 2.62× | 1.92× | ||
| Q3 25 | 1.00× | 1.68× | ||
| Q2 25 | 1.10× | 2.14× | ||
| Q1 25 | 2.22× | 2.75× | ||
| Q4 24 | 2.64× | 1.52× | ||
| Q3 24 | 2.54× | 1.70× | ||
| Q2 24 | -0.42× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
