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Aflac（AFL）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
Aflac的季度营收约是豪士科的1.8倍（$4.9B vs $2.7B），Aflac净利率更高（28.3% vs 5.0%，领先23.4%），豪士科同比增速更快（3.5% vs -10.0%），过去两年豪士科的营收复合增速更高（2.8% 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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
AFL vs OSK — 直观对比
营收规模更大
AFL
是对方的1.8倍
$2.7B
营收增速更快
OSK
高出13.4%
-10.0%
净利率更高
AFL
高出23.4%
5.0%
两年增速更快
OSK
近两年复合增速
-5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $2.7B |
| 净利润 | $1.4B | $133.8M |
| 毛利率 | — | 15.8% |
| 营业利润率 | 32.3% | 7.9% |
| 净利率 | 28.3% | 5.0% |
| 营收同比 | -10.0% | 3.5% |
| 净利润同比 | -27.5% | -12.6% |
| 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AFLOSK
| Q4 25 | $4.9B | $2.7B | ||
| Q3 25 | $4.7B | $2.7B | ||
| Q2 25 | $4.2B | $2.7B | ||
| Q1 25 | $3.4B | $2.3B | ||
| Q4 24 | $5.4B | $2.6B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $5.1B | $2.8B | ||
| Q1 24 | $5.4B | $2.5B |
净利润AFLOSK
| Q4 25 | $1.4B | $133.8M | ||
| Q3 25 | $1.6B | $196.2M | ||
| Q2 25 | $599.0M | $204.8M | ||
| Q1 25 | $29.0M | $112.2M | ||
| Q4 24 | $1.9B | $153.1M | ||
| Q3 24 | $-93.0M | $180.3M | ||
| Q2 24 | $1.8B | $168.6M | ||
| Q1 24 | $1.9B | $179.4M |
毛利率AFLOSK
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.5% |
营业利润率AFLOSK
| Q4 25 | 32.3% | 7.9% | ||
| Q3 25 | 42.1% | 9.7% | ||
| Q2 25 | 19.8% | 10.7% | ||
| Q1 25 | 4.3% | 7.6% | ||
| Q4 24 | 39.5% | 8.6% | ||
| Q3 24 | 3.1% | 9.7% | ||
| Q2 24 | 39.3% | 9.2% | ||
| Q1 24 | 39.9% | 10.2% |
净利率AFLOSK
| Q4 25 | 28.3% | 5.0% | ||
| Q3 25 | 34.6% | 7.3% | ||
| Q2 25 | 14.4% | 7.5% | ||
| Q1 25 | 0.9% | 4.9% | ||
| Q4 24 | 35.2% | 5.9% | ||
| Q3 24 | -3.2% | 6.6% | ||
| Q2 24 | 34.2% | 5.9% | ||
| Q1 24 | 34.6% | 7.1% |
每股收益（稀释后）AFLOSK
| 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 | $479.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $29.5B | $4.5B |
| 总资产 | $116.5B | $10.1B |
| 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AFLOSK
| Q4 25 | $6.2B | $479.8M | ||
| Q3 25 | $6.8B | $211.8M | ||
| Q2 25 | $7.0B | $191.7M | ||
| Q1 25 | $5.2B | $210.3M | ||
| Q4 24 | $6.2B | $204.9M | ||
| Q3 24 | $5.6B | $160.9M | ||
| Q2 24 | $6.1B | $141.4M | ||
| Q1 24 | $5.1B | $69.9M |
总债务AFLOSK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M | ||
| Q1 24 | — | $598.9M |
股东权益AFLOSK
| Q4 25 | $29.5B | $4.5B | ||
| Q3 25 | $28.7B | $4.5B | ||
| Q2 25 | $27.2B | $4.5B | ||
| Q1 25 | $26.3B | $4.2B | ||
| Q4 24 | $26.1B | $4.2B | ||
| Q3 24 | $24.8B | $4.1B | ||
| Q2 24 | $26.0B | $3.9B | ||
| Q1 24 | $23.5B | $3.8B |
总资产AFLOSK
| Q4 25 | $116.5B | $10.1B | ||
| Q3 25 | $122.3B | $9.8B | ||
| Q2 25 | $124.7B | $10.0B | ||
| Q1 25 | $120.3B | $9.8B | ||
| Q4 24 | $117.6B | $9.4B | ||
| Q3 24 | $128.4B | $9.9B | ||
| Q2 24 | $120.2B | $9.7B | ||
| Q1 24 | $124.7B | $9.5B |
负债/权益比AFLOSK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.16× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | — | $540.3M |
| 自由现金流率自由现金流/营收 | — | 20.1% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 0.23× | 4.49× |
| 过去12个月自由现金流最近4个季度 | — | $618.0M |
8季度趋势，按日历期对齐
经营现金流AFLOSK
| Q4 25 | $315.0M | $600.1M | ||
| Q3 25 | $1.3B | $489.0M | ||
| Q2 25 | $399.0M | $89.2M | ||
| Q1 25 | $589.0M | $-394.9M | ||
| Q4 24 | $333.0M | $790.8M | ||
| Q3 24 | $1.3B | $326.1M | ||
| Q2 24 | $255.0M | $-211.0M | ||
| Q1 24 | $849.0M | $-355.8M |
自由现金流AFLOSK
| Q4 25 | — | $540.3M | ||
| Q3 25 | — | $464.3M | ||
| Q2 25 | — | $48.6M | ||
| Q1 25 | — | $-435.2M | ||
| Q4 24 | — | $703.3M | ||
| Q3 24 | — | $272.2M | ||
| Q2 24 | — | $-250.5M | ||
| Q1 24 | — | $-455.9M |
自由现金流率AFLOSK
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | -18.8% | ||
| Q4 24 | — | 27.1% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | -8.8% | ||
| Q1 24 | — | -17.9% |
资本支出强度AFLOSK
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 3.9% |
现金转化率AFLOSK
| Q4 25 | 0.23× | 4.49× | ||
| Q3 25 | 0.76× | 2.49× | ||
| Q2 25 | 0.67× | 0.44× | ||
| Q1 25 | 20.31× | -3.52× | ||
| Q4 24 | 0.18× | 5.17× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | 0.15× | -1.25× | ||
| Q1 24 | 0.45× | -1.98× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
