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Aflac（AFL）与NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP（NRUC）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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的67.6倍（$4.9B vs $72.0M）。Aflac净利率更高（28.3% vs 27.2%，领先1.1%）。NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP同比增速更快（10.0% vs -10.0%）。过去两年NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP的营收复合增速更高（5.4% 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。
美国国家农村公用事业合作金融公司（CFC）是一家由成员所有的非盈利合作社，为美国农村电力合作网络提供金融产品。该公司成立于1969年，创立初衷是从资本市场筹集资金，补充美国农业部农村公用事业局面向电力合作社的贷款项目。
AFL vs NRUC — 直观对比
营收规模更大
AFL
是对方的67.6倍
$72.0M
营收增速更快
NRUC
高出20.0%
-10.0%
净利率更高
AFL
高出1.1%
27.2%
两年增速更快
NRUC
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $72.0M |
| 净利润 | $1.4B | $19.6M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | — |
| 净利率 | 28.3% | 27.2% |
| 营收同比 | -10.0% | 10.0% |
| 净利润同比 | -27.5% | -86.4% |
| 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AFLNRUC
| Q4 25 | $4.9B | $72.0M | ||
| Q3 25 | $4.7B | $71.0M | ||
| Q2 25 | $4.2B | $66.9M | ||
| Q1 25 | $3.4B | $66.9M | ||
| Q4 24 | $5.4B | $65.4M | ||
| Q3 24 | $2.9B | $61.7M | ||
| Q2 24 | $5.1B | — | ||
| Q1 24 | $5.4B | $64.8M |
净利润AFLNRUC
| Q4 25 | $1.4B | $19.6M | ||
| Q3 25 | $1.6B | $4.8M | ||
| Q2 25 | $599.0M | $73.1M | ||
| Q1 25 | $29.0M | $86.0M | ||
| Q4 24 | $1.9B | $144.4M | ||
| Q3 24 | $-93.0M | $-163.8M | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.9B | $31.5M |
营业利润率AFLNRUC
| 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AFLNRUC
| Q4 25 | 28.3% | 27.2% | ||
| Q3 25 | 34.6% | 6.7% | ||
| Q2 25 | 14.4% | 109.3% | ||
| Q1 25 | 0.9% | 128.4% | ||
| Q4 24 | 35.2% | 220.7% | ||
| Q3 24 | -3.2% | -265.7% | ||
| Q2 24 | 34.2% | — | ||
| Q1 24 | 34.6% | 48.6% |
每股收益（稀释后）AFLNRUC
| 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 | $304.5M |
| 总债务越低越好 | — | $27.3B |
| 股东权益账面价值 | $29.5B | $3.1B |
| 总资产 | $116.5B | $39.1B |
| 负债/权益比越低杠杆越低 | — | 8.95× |
8季度趋势，按日历期对齐
现金及短期投资AFLNRUC
| Q4 25 | $6.2B | $304.5M | ||
| Q3 25 | $6.8B | $257.1M | ||
| Q2 25 | $7.0B | $134.7M | ||
| Q1 25 | $5.2B | $245.4M | ||
| Q4 24 | $6.2B | $347.1M | ||
| Q3 24 | $5.6B | $264.7M | ||
| Q2 24 | $6.1B | — | ||
| Q1 24 | $5.1B | $144.8M |
总债务AFLNRUC
| Q4 25 | — | $27.3B | ||
| Q3 25 | — | $27.9B | ||
| Q2 25 | — | $27.2B | ||
| Q1 25 | — | $27.5B | ||
| Q4 24 | — | $26.7B | ||
| Q3 24 | — | $26.3B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $25.5B |
股东权益AFLNRUC
| Q4 25 | $29.5B | $3.1B | ||
| Q3 25 | $28.7B | $3.0B | ||
| Q2 25 | $27.2B | $3.1B | ||
| Q1 25 | $26.3B | $3.0B | ||
| Q4 24 | $26.1B | $2.9B | ||
| Q3 24 | $24.8B | $2.8B | ||
| Q2 24 | $26.0B | — | ||
| Q1 24 | $23.5B | $2.8B |
总资产AFLNRUC
| Q4 25 | $116.5B | $39.1B | ||
| Q3 25 | $122.3B | $38.8B | ||
| Q2 25 | $124.7B | $38.3B | ||
| Q1 25 | $120.3B | $37.8B | ||
| Q4 24 | $117.6B | $37.1B | ||
| Q3 24 | $128.4B | $36.5B | ||
| Q2 24 | $120.2B | — | ||
| Q1 24 | $124.7B | $35.9B |
负债/权益比AFLNRUC
| Q4 25 | — | 8.95× | ||
| Q3 25 | — | 9.21× | ||
| Q2 25 | — | 8.81× | ||
| Q1 25 | — | 9.15× | ||
| Q4 24 | — | 9.14× | ||
| Q3 24 | — | 9.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 8.94× |
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 | $38.9M |
| 自由现金流经营现金流 - 资本支出 | — | $38.3M |
| 自由现金流率自由现金流/营收 | — | 53.2% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 0.23× | 1.99× |
| 过去12个月自由现金流最近4个季度 | — | $225.0M |
8季度趋势，按日历期对齐
经营现金流AFLNRUC
| Q4 25 | $315.0M | $38.9M | ||
| Q3 25 | $1.3B | $82.3M | ||
| Q2 25 | $399.0M | $-43.3M | ||
| Q1 25 | $589.0M | $150.3M | ||
| Q4 24 | $333.0M | $63.8M | ||
| Q3 24 | $1.3B | $36.7M | ||
| Q2 24 | $255.0M | — | ||
| Q1 24 | $849.0M | — |
自由现金流AFLNRUC
| Q4 25 | — | $38.3M | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $-44.3M | ||
| Q1 25 | — | $149.0M | ||
| Q4 24 | — | $62.7M | ||
| Q3 24 | — | $35.4M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率AFLNRUC
| Q4 25 | — | 53.2% | ||
| Q3 25 | — | 115.5% | ||
| Q2 25 | — | -66.2% | ||
| Q1 25 | — | 222.5% | ||
| Q4 24 | — | 95.9% | ||
| Q3 24 | — | 57.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度AFLNRUC
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率AFLNRUC
| Q4 25 | 0.23× | 1.99× | ||
| Q3 25 | 0.76× | 17.27× | ||
| Q2 25 | 0.67× | -0.59× | ||
| Q1 25 | 20.31× | 1.75× | ||
| Q4 24 | 0.18× | 0.44× | ||
| 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% |
NRUC
暂无分部数据
