vs
Aflac（AFL）与MARA Holdings, Inc.（MARA）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MARA Holdings, Inc.的24.1倍（$4.9B vs $202.3M），Aflac净利率更高（28.3% vs -14298.3%，领先14326.6%），MARA Holdings, Inc.同比增速更快（-5.6% vs -10.0%），过去两年MARA Holdings, Inc.的营收复合增速更高（10.7% 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。
MARA Holdings, Inc.是一家美国数字资产技术及加密货币挖矿企业，总部位于佛罗里达州劳德代尔堡。公司成立于2010年，最初以专利控股公司的模式运营，2010年代后期转向专注于区块链基础设施与数字资产相关业务。
AFL vs MARA — 直观对比
营收规模更大
AFL
是对方的24.1倍
$202.3M
营收增速更快
MARA
高出4.3%
-10.0%
净利率更高
AFL
高出14326.6%
-14298.3%
两年增速更快
MARA
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $202.3M |
| 净利润 | $1.4B | $-1.7B |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | -11795.9% |
| 净利率 | 28.3% | -14298.3% |
| 营收同比 | -10.0% | -5.6% |
| 净利润同比 | -27.5% | -423.5% |
| 每股收益（稀释后） | $2.58 | $-4.25 |
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AFLMARA
| Q4 25 | $4.9B | $202.3M | ||
| Q3 25 | $4.7B | $252.4M | ||
| Q2 25 | $4.2B | $238.5M | ||
| Q1 25 | $3.4B | $213.9M | ||
| Q4 24 | $5.4B | $214.4M | ||
| Q3 24 | $2.9B | $131.6M | ||
| Q2 24 | $5.1B | $145.1M | ||
| Q1 24 | $5.4B | $165.2M |
净利润AFLMARA
| Q4 25 | $1.4B | $-1.7B | ||
| Q3 25 | $1.6B | $123.1M | ||
| Q2 25 | $599.0M | $808.2M | ||
| Q1 25 | $29.0M | $-533.4M | ||
| Q4 24 | $1.9B | $528.5M | ||
| Q3 24 | $-93.0M | $-124.8M | ||
| Q2 24 | $1.8B | $-199.7M | ||
| Q1 24 | $1.9B | $337.2M |
毛利率AFLMARA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2613.4% | ||
| Q3 24 | — | -1065.0% | ||
| Q2 24 | — | -587.6% | ||
| Q1 24 | — | -289.4% |
营业利润率AFLMARA
| Q4 25 | 32.3% | -11795.9% | ||
| Q3 25 | 42.1% | 18.9% | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 4.3% | -253.0% | ||
| Q4 24 | 39.5% | — | ||
| Q3 24 | 3.1% | -130.8% | ||
| Q2 24 | 39.3% | -160.1% | ||
| Q1 24 | 39.9% | — |
净利率AFLMARA
| Q4 25 | 28.3% | -14298.3% | ||
| Q3 25 | 34.6% | 48.8% | ||
| Q2 25 | 14.4% | 338.9% | ||
| Q1 25 | 0.9% | -249.4% | ||
| Q4 24 | 35.2% | 5367.4% | ||
| Q3 24 | -3.2% | -94.8% | ||
| Q2 24 | 34.2% | -137.6% | ||
| Q1 24 | 34.6% | 204.1% |
每股收益（稀释后）AFLMARA
| Q4 25 | $2.58 | $-4.25 | ||
| Q3 25 | $3.08 | $0.27 | ||
| Q2 25 | $1.11 | $1.84 | ||
| Q1 25 | $0.05 | $-1.55 | ||
| Q4 24 | $3.45 | $1.60 | ||
| Q3 24 | $-0.17 | $-0.42 | ||
| Q2 24 | $3.10 | $-0.72 | ||
| Q1 24 | $3.25 | $1.26 |
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 | $547.1M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $29.5B | $3.5B |
| 总资产 | $116.5B | $7.3B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资AFLMARA
| Q4 25 | $6.2B | $547.1M | ||
| Q3 25 | $6.8B | $826.4M | ||
| Q2 25 | $7.0B | $109.5M | ||
| Q1 25 | $5.2B | $196.2M | ||
| Q4 24 | $6.2B | $391.8M | ||
| Q3 24 | $5.6B | $164.3M | ||
| Q2 24 | $6.1B | $256.0M | ||
| Q1 24 | $5.1B | $324.3M |
总债务AFLMARA
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $618.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AFLMARA
| Q4 25 | $29.5B | $3.5B | ||
| Q3 25 | $28.7B | $5.2B | ||
| Q2 25 | $27.2B | $4.8B | ||
| Q1 25 | $26.3B | $3.7B | ||
| Q4 24 | $26.1B | $4.1B | ||
| Q3 24 | $24.8B | $2.9B | ||
| Q2 24 | $26.0B | $2.6B | ||
| Q1 24 | $23.5B | $2.5B |
总资产AFLMARA
| Q4 25 | $116.5B | $7.3B | ||
| Q3 25 | $122.3B | $9.2B | ||
| Q2 25 | $124.7B | $7.7B | ||
| Q1 25 | $120.3B | $6.4B | ||
| Q4 24 | $117.6B | $6.8B | ||
| Q3 24 | $128.4B | $3.6B | ||
| Q2 24 | $120.2B | $3.1B | ||
| Q1 24 | $124.7B | $3.0B |
负债/权益比AFLMARA
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.22× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-802.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.2B |
| 自由现金流率自由现金流/营收 | — | -598.0% |
| 资本支出强度资本支出/营收 | — | 201.2% |
| 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 | — | $-2.0B |
8季度趋势，按日历期对齐
经营现金流AFLMARA
| Q4 25 | $315.0M | $-802.7M | ||
| Q3 25 | $1.3B | $-199.0M | ||
| Q2 25 | $399.0M | $-163.4M | ||
| Q1 25 | $589.0M | $-215.5M | ||
| Q4 24 | $333.0M | $-677.0M | ||
| Q3 24 | $1.3B | $-160.1M | ||
| Q2 24 | $255.0M | $-115.2M | ||
| Q1 24 | $849.0M | $-88.3M |
自由现金流AFLMARA
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $-283.9M | ||
| Q2 25 | — | $-282.4M | ||
| Q1 25 | — | $-254.3M | ||
| Q4 24 | — | $-927.8M | ||
| Q3 24 | — | $-198.1M | ||
| Q2 24 | — | $-132.4M | ||
| Q1 24 | — | $-97.4M |
自由现金流率AFLMARA
| Q4 25 | — | -598.0% | ||
| Q3 25 | — | -112.5% | ||
| Q2 25 | — | -118.4% | ||
| Q1 25 | — | -118.9% | ||
| Q4 24 | — | -432.8% | ||
| Q3 24 | — | -150.5% | ||
| Q2 24 | — | -91.2% | ||
| Q1 24 | — | -59.0% |
资本支出强度AFLMARA
| Q4 25 | — | 201.2% | ||
| Q3 25 | — | 33.6% | ||
| Q2 25 | — | 49.9% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 117.0% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 5.5% |
现金转化率AFLMARA
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.76× | -1.62× | ||
| Q2 25 | 0.67× | -0.20× | ||
| Q1 25 | 20.31× | — | ||
| Q4 24 | 0.18× | -1.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.45× | -0.26× |
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% |
MARA
暂无分部数据
