vs
Aflac（AFL）与First American Financial Corp（FAF）财务数据对比。点击上方公司名可切换其他公司
Aflac的季度营收约是First American Financial Corp的2.4倍（$4.9B vs $2.0B）。Aflac净利率更高（28.3% vs 10.3%，领先18.0%）。First American Financial Corp同比增速更快（21.6% vs -10.0%）。过去两年First American Financial Corp的营收复合增速更高（19.9% vs -5.4%）
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
AFL vs FAF — 直观对比
营收规模更大
AFL
是对方的2.4倍
$2.0B
营收增速更快
FAF
高出31.6%
-10.0%
净利率更高
AFL
高出18.0%
10.3%
两年增速更快
FAF
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $2.0B |
| 净利润 | $1.4B | $211.9M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | 14.0% |
| 净利率 | 28.3% | 10.3% |
| 营收同比 | -10.0% | 21.6% |
| 净利润同比 | -27.5% | 192.7% |
| 每股收益（稀释后） | $2.58 | $2.04 |
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AFLFAF
| Q4 25 | $4.9B | $2.0B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $3.4B | $1.6B | ||
| Q4 24 | $5.4B | $1.7B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $5.1B | $1.6B | ||
| Q1 24 | $5.4B | $1.4B |
净利润AFLFAF
| Q4 25 | $1.4B | $211.9M | ||
| Q3 25 | $1.6B | $189.6M | ||
| Q2 25 | $599.0M | $146.1M | ||
| Q1 25 | $29.0M | $74.2M | ||
| Q4 24 | $1.9B | $72.4M | ||
| Q3 24 | $-93.0M | $-104.0M | ||
| Q2 24 | $1.8B | $116.0M | ||
| Q1 24 | $1.9B | $46.7M |
营业利润率AFLFAF
| Q4 25 | 32.3% | 14.0% | ||
| Q3 25 | 42.1% | 12.5% | ||
| Q2 25 | 19.8% | 10.6% | ||
| Q1 25 | 4.3% | 6.1% | ||
| Q4 24 | 39.5% | 5.9% | ||
| Q3 24 | 3.1% | -10.3% | ||
| Q2 24 | 39.3% | 9.4% | ||
| Q1 24 | 39.9% | 4.1% |
净利率AFLFAF
| Q4 25 | 28.3% | 10.3% | ||
| Q3 25 | 34.6% | 9.6% | ||
| Q2 25 | 14.4% | 7.9% | ||
| Q1 25 | 0.9% | 4.7% | ||
| Q4 24 | 35.2% | 4.3% | ||
| Q3 24 | -3.2% | -7.4% | ||
| Q2 24 | 34.2% | 7.2% | ||
| Q1 24 | 34.6% | 3.3% |
每股收益（稀释后）AFLFAF
| Q4 25 | $2.58 | $2.04 | ||
| Q3 25 | $3.08 | $1.84 | ||
| Q2 25 | $1.11 | $1.41 | ||
| Q1 25 | $0.05 | $0.71 | ||
| Q4 24 | $3.45 | $0.70 | ||
| Q3 24 | $-0.17 | $-1.00 | ||
| Q2 24 | $3.10 | $1.11 | ||
| Q1 24 | $3.25 | $0.45 |
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 | $6.2B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $29.5B | $5.5B |
| 总资产 | $116.5B | $16.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AFLFAF
| Q4 25 | $6.2B | $1.4B | ||
| Q3 25 | $6.8B | $2.9B | ||
| Q2 25 | $7.0B | $2.0B | ||
| Q1 25 | $5.2B | $2.0B | ||
| Q4 24 | $6.2B | $1.7B | ||
| Q3 24 | $5.6B | $3.0B | ||
| Q2 24 | $6.1B | $2.0B | ||
| Q1 24 | $5.1B | $1.5B |
股东权益AFLFAF
| Q4 25 | $29.5B | $5.5B | ||
| Q3 25 | $28.7B | $5.3B | ||
| Q2 25 | $27.2B | $5.1B | ||
| Q1 25 | $26.3B | $5.0B | ||
| Q4 24 | $26.1B | $4.9B | ||
| Q3 24 | $24.8B | $5.1B | ||
| Q2 24 | $26.0B | $4.8B | ||
| Q1 24 | $23.5B | $4.8B |
总资产AFLFAF
| Q4 25 | $116.5B | $16.2B | ||
| Q3 25 | $122.3B | $17.6B | ||
| Q2 25 | $124.7B | $16.3B | ||
| Q1 25 | $120.3B | $15.5B | ||
| Q4 24 | $117.6B | $14.9B | ||
| Q3 24 | $128.4B | $16.6B | ||
| Q2 24 | $120.2B | $15.2B | ||
| Q1 24 | $124.7B | $14.7B |
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 | $315.0M | $369.3M |
| 自由现金流经营现金流 - 资本支出 | — | $324.5M |
| 自由现金流率自由现金流/营收 | — | 15.8% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 0.23× | 1.74× |
| 过去12个月自由现金流最近4个季度 | — | $762.5M |
8季度趋势，按日历期对齐
经营现金流AFLFAF
| Q4 25 | $315.0M | $369.3M | ||
| Q3 25 | $1.3B | $272.5M | ||
| Q2 25 | $399.0M | $361.8M | ||
| Q1 25 | $589.0M | $-52.8M | ||
| Q4 24 | $333.0M | $324.6M | ||
| Q3 24 | $1.3B | $236.9M | ||
| Q2 24 | $255.0M | $266.7M | ||
| Q1 24 | $849.0M | $69.3M |
自由现金流AFLFAF
| Q4 25 | — | $324.5M | ||
| Q3 25 | — | $223.1M | ||
| Q2 25 | — | $309.4M | ||
| Q1 25 | — | $-94.5M | ||
| Q4 24 | — | $266.2M | ||
| Q3 24 | — | $185.4M | ||
| Q2 24 | — | $210.0M | ||
| Q1 24 | — | $17.6M |
自由现金流率AFLFAF
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 1.2% |
资本支出强度AFLFAF
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.6% |
现金转化率AFLFAF
| Q4 25 | 0.23× | 1.74× | ||
| Q3 25 | 0.76× | 1.44× | ||
| Q2 25 | 0.67× | 2.48× | ||
| Q1 25 | 20.31× | -0.71× | ||
| Q4 24 | 0.18× | 4.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | 2.30× | ||
| Q1 24 | 0.45× | 1.48× |
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
AFL
| Aflac Japan | $2.3B | 47% |
| Aflac US | $1.7B | 35% |
| Other | $862.0M | 18% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
