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Aflac（AFL）与Fidelity National Financial, Inc.（FNF）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Fidelity National Financial, Inc.的8.9倍（$4.9B vs $544.0M）。Aflac净利率更高（28.3% vs -21.5%，领先49.8%）。Fidelity National Financial, Inc.同比增速更快（10.3% vs -10.0%）。过去两年Fidelity National Financial, Inc.的营收复合增速更高（13.7% 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。
富达国民金融是美国财富500强企业，主要面向房地产与抵押贷款行业提供产权保险及交割服务，2019年其产权及房地产业务相关年度营收约为84.69亿美元，是全球领先的产权保险服务供应商。
AFL vs FNF — 直观对比
营收规模更大
AFL
是对方的8.9倍
$544.0M
营收增速更快
FNF
高出20.3%
-10.0%
净利率更高
AFL
高出49.8%
-21.5%
两年增速更快
FNF
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $544.0M |
| 净利润 | $1.4B | $-117.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | 82.9% |
| 净利率 | 28.3% | -21.5% |
| 营收同比 | -10.0% | 10.3% |
| 净利润同比 | -27.5% | -126.0% |
| 每股收益（稀释后） | $2.58 | $-0.44 |
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AFLFNF
| Q4 25 | $4.9B | $544.0M | ||
| Q3 25 | $4.7B | $553.0M | ||
| Q2 25 | $4.2B | $547.0M | ||
| Q1 25 | $3.4B | $455.0M | ||
| Q4 24 | $5.4B | $493.0M | ||
| Q3 24 | $2.9B | $506.0M | ||
| Q2 24 | $5.1B | $504.0M | ||
| Q1 24 | $5.4B | $421.0M |
净利润AFLFNF
| Q4 25 | $1.4B | $-117.0M | ||
| Q3 25 | $1.6B | $358.0M | ||
| Q2 25 | $599.0M | $278.0M | ||
| Q1 25 | $29.0M | $83.0M | ||
| Q4 24 | $1.9B | $450.0M | ||
| Q3 24 | $-93.0M | $266.0M | ||
| Q2 24 | $1.8B | $306.0M | ||
| Q1 24 | $1.9B | $248.0M |
营业利润率AFLFNF
| Q4 25 | 32.3% | 82.9% | ||
| Q3 25 | 42.1% | 81.9% | ||
| Q2 25 | 19.8% | 69.8% | ||
| Q1 25 | 4.3% | 24.4% | ||
| Q4 24 | 39.5% | — | ||
| Q3 24 | 3.1% | 61.9% | ||
| Q2 24 | 39.3% | 90.9% | ||
| Q1 24 | 39.9% | 78.6% |
净利率AFLFNF
| Q4 25 | 28.3% | -21.5% | ||
| Q3 25 | 34.6% | 64.7% | ||
| Q2 25 | 14.4% | 50.8% | ||
| Q1 25 | 0.9% | 18.2% | ||
| Q4 24 | 35.2% | 91.3% | ||
| Q3 24 | -3.2% | 52.6% | ||
| Q2 24 | 34.2% | 60.7% | ||
| Q1 24 | 34.6% | 58.9% |
每股收益（稀释后）AFLFNF
| Q4 25 | $2.58 | $-0.44 | ||
| Q3 25 | $3.08 | $1.33 | ||
| Q2 25 | $1.11 | $1.02 | ||
| Q1 25 | $0.05 | $0.30 | ||
| Q4 24 | $3.45 | $1.65 | ||
| Q3 24 | $-0.17 | $0.97 | ||
| Q2 24 | $3.10 | $1.12 | ||
| Q1 24 | $3.25 | $0.91 |
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 | $2.6B |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $29.5B | $7.4B |
| 总资产 | $116.5B | $109.0B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资AFLFNF
| Q4 25 | $6.2B | $2.6B | ||
| Q3 25 | $6.8B | $3.5B | ||
| Q2 25 | $7.0B | $3.3B | ||
| Q1 25 | $5.2B | $4.5B | ||
| Q4 24 | $6.2B | $3.5B | ||
| Q3 24 | $5.6B | $5.0B | ||
| Q2 24 | $6.1B | $4.9B | ||
| Q1 24 | $5.1B | $3.5B |
总债务AFLFNF
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $3.9B |
股东权益AFLFNF
| Q4 25 | $29.5B | $7.4B | ||
| Q3 25 | $28.7B | $8.4B | ||
| Q2 25 | $27.2B | $7.9B | ||
| Q1 25 | $26.3B | $7.9B | ||
| Q4 24 | $26.1B | $7.8B | ||
| Q3 24 | $24.8B | $8.1B | ||
| Q2 24 | $26.0B | $7.3B | ||
| Q1 24 | $23.5B | $7.1B |
总资产AFLFNF
| Q4 25 | $116.5B | $109.0B | ||
| Q3 25 | $122.3B | $106.6B | ||
| Q2 25 | $124.7B | $102.3B | ||
| Q1 25 | $120.3B | $98.2B | ||
| Q4 24 | $117.6B | $95.4B | ||
| Q3 24 | $128.4B | $94.7B | ||
| Q2 24 | $120.2B | $88.8B | ||
| Q1 24 | $124.7B | $84.5B |
负债/权益比AFLFNF
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 0.55× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 0.23× | — |
| 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AFLFNF
| Q4 25 | $315.0M | $1.5B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $399.0M | $1.9B | ||
| Q1 25 | $589.0M | $1.1B | ||
| Q4 24 | $333.0M | $1.5B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $255.0M | $1.4B | ||
| Q1 24 | $849.0M | $1.6B |
现金转化率AFLFNF
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.76× | 3.66× | ||
| Q2 25 | 0.67× | 6.82× | ||
| Q1 25 | 20.31× | 13.43× | ||
| Q4 24 | 0.18× | 3.32× | ||
| Q3 24 | — | 8.89× | ||
| Q2 24 | 0.15× | 4.45× | ||
| Q1 24 | 0.45× | 6.42× |
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% |
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
