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Aflac（AFL）与MBIA INC（MBI）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MBIA INC的173.8倍（$4.9B vs $28.0M）。Aflac净利率更高（28.3% vs -182.1%，领先210.5%）。Aflac同比增速更快（-10.0% vs -24.3%）。过去两年MBIA INC的营收复合增速更高（46.8% 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。
MBIA Inc.是一家美国金融服务企业，1973年以市政债券保险协会之名成立，总部位于纽约州帕切斯，是全球规模最大的债券保险公司，截至2015年1月共有约180名员工，深耕债券保险领域多年，在行业内拥有重要影响力。
AFL vs MBI — 直观对比
营收规模更大
AFL
是对方的173.8倍
$28.0M
营收增速更快
AFL
高出14.4%
-24.3%
净利率更高
AFL
高出210.5%
-182.1%
两年增速更快
MBI
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $28.0M |
| 净利润 | $1.4B | $-51.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | -200.0% |
| 净利率 | 28.3% | -182.1% |
| 营收同比 | -10.0% | -24.3% |
| 净利润同比 | -27.5% | -106.1% |
| 每股收益（稀释后） | $2.58 | $-1.01 |
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AFLMBI
| Q4 25 | $4.9B | $28.0M | ||
| Q3 25 | $4.7B | $15.0M | ||
| Q2 25 | $4.2B | $23.0M | ||
| Q1 25 | $3.4B | $14.0M | ||
| Q4 24 | $5.4B | $37.0M | ||
| Q3 24 | $2.9B | $29.0M | ||
| Q2 24 | $5.1B | $-37.0M | ||
| Q1 24 | $5.4B | $13.0M |
净利润AFLMBI
| Q4 25 | $1.4B | $-51.0M | ||
| Q3 25 | $1.6B | $-8.0M | ||
| Q2 25 | $599.0M | $-56.0M | ||
| Q1 25 | $29.0M | $-62.0M | ||
| Q4 24 | $1.9B | $831.0M | ||
| Q3 24 | $-93.0M | $-56.0M | ||
| Q2 24 | $1.8B | $-254.0M | ||
| Q1 24 | $1.9B | $-86.0M |
营业利润率AFLMBI
| Q4 25 | 32.3% | -200.0% | ||
| Q3 25 | 42.1% | -46.7% | ||
| Q2 25 | 19.8% | -243.5% | ||
| Q1 25 | 4.3% | -442.9% | ||
| Q4 24 | 39.5% | -135.1% | ||
| Q3 24 | 3.1% | -175.9% | ||
| Q2 24 | 39.3% | 683.8% | ||
| Q1 24 | 39.9% | -669.2% |
净利率AFLMBI
| Q4 25 | 28.3% | -182.1% | ||
| Q3 25 | 34.6% | -53.3% | ||
| Q2 25 | 14.4% | -243.5% | ||
| Q1 25 | 0.9% | -442.9% | ||
| Q4 24 | 35.2% | 2245.9% | ||
| Q3 24 | -3.2% | -193.1% | ||
| Q2 24 | 34.2% | 686.5% | ||
| Q1 24 | 34.6% | -661.5% |
每股收益（稀释后）AFLMBI
| Q4 25 | $2.58 | $-1.01 | ||
| Q3 25 | $3.08 | $-0.17 | ||
| Q2 25 | $1.11 | $-1.12 | ||
| Q1 25 | $0.05 | $-1.28 | ||
| Q4 24 | $3.45 | $-1.07 | ||
| Q3 24 | $-0.17 | $-1.18 | ||
| Q2 24 | $3.10 | $-5.34 | ||
| Q1 24 | $3.25 | $-1.84 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $29.5B | $-2.2B |
| 总资产 | $116.5B | $2.0B |
| 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AFLMBI
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.8B | — | ||
| Q2 25 | $7.0B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.2B | — | ||
| Q3 24 | $5.6B | — | ||
| Q2 24 | $6.1B | — | ||
| Q1 24 | $5.1B | — |
股东权益AFLMBI
| Q4 25 | $29.5B | $-2.2B | ||
| Q3 25 | $28.7B | $-2.2B | ||
| Q2 25 | $27.2B | $-2.2B | ||
| Q1 25 | $26.3B | $-2.1B | ||
| Q4 24 | $26.1B | $-2.1B | ||
| Q3 24 | $24.8B | $-2.0B | ||
| Q2 24 | $26.0B | $-2.0B | ||
| Q1 24 | $23.5B | $-1.7B |
总资产AFLMBI
| Q4 25 | $116.5B | $2.0B | ||
| Q3 25 | $122.3B | $2.1B | ||
| Q2 25 | $124.7B | $2.1B | ||
| Q1 25 | $120.3B | $2.1B | ||
| Q4 24 | $117.6B | $2.2B | ||
| Q3 24 | $128.4B | $2.2B | ||
| Q2 24 | $120.2B | $2.3B | ||
| Q1 24 | $124.7B | $2.5B |
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 | $-10.0M |
| 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AFLMBI
| Q4 25 | $315.0M | $-10.0M | ||
| Q3 25 | $1.3B | $90.0M | ||
| Q2 25 | $399.0M | $1.0M | ||
| Q1 25 | $589.0M | $-43.0M | ||
| Q4 24 | $333.0M | $3.0M | ||
| Q3 24 | $1.3B | $-139.0M | ||
| Q2 24 | $255.0M | $-10.0M | ||
| Q1 24 | $849.0M | $-30.0M |
现金转化率AFLMBI
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 20.31× | — | ||
| Q4 24 | 0.18× | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.45× | — |
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% |
MBI
| US Public Finance Insurance | $15.0M | 54% |
| Corporate Operations | $7.0M | 25% |
| International And Structured Finance Insurance | $5.0M | 18% |
| Other | $1.0M | 4% |
