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Aflac（AFL）与帕卡（PCAR）财务数据对比。点击上方公司名可切换其他公司
帕卡的季度营收约是Aflac的1.4倍（$6.8B vs $4.9B），Aflac净利率更高（28.3% vs 8.2%，领先20.2%），Aflac同比增速更快（-10.0% vs -13.7%），过去两年Aflac的营收复合增速更高（-5.4% vs -11.7%）
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。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
AFL vs PCAR — 直观对比
营收规模更大
PCAR
是对方的1.4倍
$4.9B
营收增速更快
AFL
高出3.8%
-13.7%
净利率更高
AFL
高出20.2%
8.2%
两年增速更快
AFL
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $6.8B |
| 净利润 | $1.4B | $556.9M |
| 毛利率 | — | 19.3% |
| 营业利润率 | 32.3% | 10.3% |
| 净利率 | 28.3% | 8.2% |
| 营收同比 | -10.0% | -13.7% |
| 净利润同比 | -27.5% | -36.1% |
| 每股收益（稀释后） | $2.58 | $1.06 |
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AFLPCAR
| Q4 25 | $4.9B | $6.8B | ||
| Q3 25 | $4.7B | $6.7B | ||
| Q2 25 | $4.2B | $7.5B | ||
| Q1 25 | $3.4B | $7.4B | ||
| Q4 24 | $5.4B | $7.9B | ||
| Q3 24 | $2.9B | $8.2B | ||
| Q2 24 | $5.1B | $8.8B | ||
| Q1 24 | $5.4B | $8.7B |
净利润AFLPCAR
| Q4 25 | $1.4B | $556.9M | ||
| Q3 25 | $1.6B | $590.0M | ||
| Q2 25 | $599.0M | $723.8M | ||
| Q1 25 | $29.0M | $505.1M | ||
| Q4 24 | $1.9B | $872.0M | ||
| Q3 24 | $-93.0M | $972.1M | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $1.9B | $1.2B |
毛利率AFLPCAR
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 23.7% |
营业利润率AFLPCAR
| Q4 25 | 32.3% | 10.3% | ||
| Q3 25 | 42.1% | 11.1% | ||
| Q2 25 | 19.8% | 12.4% | ||
| Q1 25 | 4.3% | 8.6% | ||
| Q4 24 | 39.5% | 14.5% | ||
| Q3 24 | 3.1% | 15.2% | ||
| Q2 24 | 39.3% | 16.7% | ||
| Q1 24 | 39.9% | 17.5% |
净利率AFLPCAR
| Q4 25 | 28.3% | 8.2% | ||
| Q3 25 | 34.6% | 8.8% | ||
| Q2 25 | 14.4% | 9.6% | ||
| Q1 25 | 0.9% | 6.8% | ||
| Q4 24 | 35.2% | 11.0% | ||
| Q3 24 | -3.2% | 11.8% | ||
| Q2 24 | 34.2% | 12.8% | ||
| Q1 24 | 34.6% | 13.7% |
每股收益（稀释后）AFLPCAR
| Q4 25 | $2.58 | $1.06 | ||
| Q3 25 | $3.08 | $1.12 | ||
| Q2 25 | $1.11 | $1.37 | ||
| Q1 25 | $0.05 | $0.96 | ||
| Q4 24 | $3.45 | $1.65 | ||
| Q3 24 | $-0.17 | $1.85 | ||
| Q2 24 | $3.10 | $2.13 | ||
| Q1 24 | $3.25 | $2.27 |
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 | $19.3B |
| 总资产 | $116.5B | $44.3B |
| 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AFLPCAR
| 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AFLPCAR
| Q4 25 | $29.5B | $19.3B | ||
| Q3 25 | $28.7B | $19.4B | ||
| Q2 25 | $27.2B | $18.9B | ||
| Q1 25 | $26.3B | $18.0B | ||
| Q4 24 | $26.1B | $17.5B | ||
| Q3 24 | $24.8B | $18.7B | ||
| Q2 24 | $26.0B | $17.7B | ||
| Q1 24 | $23.5B | $16.9B |
总资产AFLPCAR
| Q4 25 | $116.5B | $44.3B | ||
| Q3 25 | $122.3B | $44.2B | ||
| Q2 25 | $124.7B | $44.1B | ||
| Q1 25 | $120.3B | $42.7B | ||
| Q4 24 | $117.6B | $43.4B | ||
| Q3 24 | $128.4B | $43.3B | ||
| Q2 24 | $120.2B | $41.2B | ||
| Q1 24 | $124.7B | $40.4B |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $954.4M |
| 自由现金流率自由现金流/营收 | — | 14.0% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 0.23× | 2.05× |
| 过去12个月自由现金流最近4个季度 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流AFLPCAR
| Q4 25 | $315.0M | $1.1B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $399.0M | $833.4M | ||
| Q1 25 | $589.0M | $910.3M | ||
| Q4 24 | $333.0M | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $255.0M | $440.0M | ||
| Q1 24 | $849.0M | $1.5B |
自由现金流AFLPCAR
| Q4 25 | — | $954.4M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $611.3M | ||
| Q1 25 | — | $745.2M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $219.7M | ||
| Q1 24 | — | $1.3B |
自由现金流率AFLPCAR
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 14.6% |
资本支出强度AFLPCAR
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 2.2% |
现金转化率AFLPCAR
| Q4 25 | 0.23× | 2.05× | ||
| Q3 25 | 0.76× | 2.59× | ||
| Q2 25 | 0.67× | 1.15× | ||
| Q1 25 | 20.31× | 1.80× | ||
| Q4 24 | 0.18× | 1.66× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | 0.15× | 0.39× | ||
| Q1 24 | 0.45× | 1.23× |
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% |
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
