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Aflac（AFL）与MESABI TRUST（MSB）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MESABI TRUST的1355.3倍（$4.9B vs $3.6M）。MESABI TRUST净利率更高（77.1% vs 28.3%，领先48.7%）。Aflac同比增速更快（-10.0% vs -95.5%）。过去两年Aflac的营收复合增速更高（-5.4% vs -24.1%）
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。
梅萨比信托是一家总部位于美国的特许权信托机构，持有明尼苏达州梅萨比山脉铁矿开采资产的特许权权益，主要通过与铁矿石生产销售挂钩的特许权使用费获得收益，服务于全球钢铁制造市场。
AFL vs MSB — 直观对比
营收规模更大
AFL
是对方的1355.3倍
$3.6M
营收增速更快
AFL
高出85.5%
-95.5%
净利率更高
MSB
高出48.7%
28.3%
两年增速更快
AFL
近两年复合增速
-24.1%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.6M |
| 净利润 | $1.4B | $2.8M |
| 毛利率 | — | 77.1% |
| 营业利润率 | 32.3% | — |
| 净利率 | 28.3% | 77.1% |
| 营收同比 | -10.0% | -95.5% |
| 净利润同比 | -27.5% | -96.5% |
| 每股收益（稀释后） | $2.58 | — |
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AFLMSB
| Q4 25 | $4.9B | $3.6M | ||
| Q3 25 | $4.7B | $5.6M | ||
| Q2 25 | $4.2B | $4.7M | ||
| Q1 25 | $3.4B | $6.9M | ||
| Q4 24 | $5.4B | $79.0M | ||
| Q3 24 | $2.9B | $6.5M | ||
| Q2 24 | $5.1B | $6.3M | ||
| Q1 24 | $5.4B | $6.2M |
净利润AFLMSB
| Q4 25 | $1.4B | $2.8M | ||
| Q3 25 | $1.6B | $4.7M | ||
| Q2 25 | $599.0M | $3.6M | ||
| Q1 25 | $29.0M | $6.1M | ||
| Q4 24 | $1.9B | $78.3M | ||
| Q3 24 | $-93.0M | $5.4M | ||
| Q2 24 | $1.8B | $3.5M | ||
| Q1 24 | $1.9B | $4.7M |
毛利率AFLMSB
| Q4 25 | — | 77.1% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 76.7% | ||
| Q1 25 | — | 88.5% | ||
| Q4 24 | — | 99.1% | ||
| Q3 24 | — | 83.2% | ||
| Q2 24 | — | 55.7% | ||
| Q1 24 | — | 75.3% |
营业利润率AFLMSB
| Q4 25 | 32.3% | — | ||
| Q3 25 | 42.1% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 39.5% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 39.3% | — | ||
| Q1 24 | 39.9% | — |
净利率AFLMSB
| Q4 25 | 28.3% | 77.1% | ||
| Q3 25 | 34.6% | 84.6% | ||
| Q2 25 | 14.4% | 76.7% | ||
| Q1 25 | 0.9% | 88.5% | ||
| Q4 24 | 35.2% | 99.1% | ||
| Q3 24 | -3.2% | 83.2% | ||
| Q2 24 | 34.2% | 55.7% | ||
| Q1 24 | 34.6% | 75.3% |
每股收益（稀释后）AFLMSB
| Q4 25 | $2.58 | — | ||
| Q3 25 | $3.08 | — | ||
| Q2 25 | $1.11 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $3.45 | — | ||
| Q3 24 | $-0.17 | — | ||
| Q2 24 | $3.10 | — | ||
| Q1 24 | $3.25 | — |
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 | $21.1M |
| 总资产 | $116.5B | $26.0M |
| 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AFLMSB
| 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AFLMSB
| Q4 25 | $29.5B | $21.1M | ||
| Q3 25 | $28.7B | $22.8M | ||
| Q2 25 | $27.2B | $19.6M | ||
| Q1 25 | $26.3B | $23.3M | ||
| Q4 24 | $26.1B | $95.3M | ||
| Q3 24 | $24.8B | $22.1M | ||
| Q2 24 | $26.0B | $20.7M | ||
| Q1 24 | $23.5B | $21.0M |
总资产AFLMSB
| Q4 25 | $116.5B | $26.0M | ||
| Q3 25 | $122.3B | $24.8M | ||
| Q2 25 | $124.7B | $27.4M | ||
| Q1 25 | $120.3B | $101.7M | ||
| Q4 24 | $117.6B | $100.7M | ||
| Q3 24 | $128.4B | $26.2M | ||
| Q2 24 | $120.2B | $25.1M | ||
| Q1 24 | $124.7B | $26.7M |
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 | $3.5M |
| 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× | 1.27× |
| 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AFLMSB
| Q4 25 | $315.0M | $3.5M | ||
| Q3 25 | $1.3B | $4.4M | ||
| Q2 25 | $399.0M | $2.1M | ||
| Q1 25 | $589.0M | $9.4M | ||
| Q4 24 | $333.0M | $78.2M | ||
| Q3 24 | $1.3B | $3.8M | ||
| Q2 24 | $255.0M | $2.5M | ||
| Q1 24 | $849.0M | $5.7M |
现金转化率AFLMSB
| Q4 25 | 0.23× | 1.27× | ||
| Q3 25 | 0.76× | 0.92× | ||
| Q2 25 | 0.67× | 0.57× | ||
| Q1 25 | 20.31× | 1.55× | ||
| Q4 24 | 0.18× | 1.00× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | 0.15× | 0.72× | ||
| Q1 24 | 0.45× | 1.21× |
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% |
MSB
暂无分部数据
