vs
Aflac（AFL）与LendingTree, Inc.（TREE）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LendingTree, Inc.的15.2倍（$4.9B vs $319.7M）。LendingTree, Inc.净利率更高（45.2% vs 28.3%，领先16.9%）。LendingTree, Inc.同比增速更快（22.2% vs -10.0%）。过去两年LendingTree, Inc.的营收复合增速更高（38.0% 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。
LendingTree, Inc.是1996年成立的在线借贷交易平台，总部位于北卡罗来纳州夏洛特。该平台对接潜在借款用户与多家贷款机构，可提供贷款、信用卡、存款账户、保险等多种金融产品服务，支持用户对比不同机构的利率与条款，还配套提供金融工具、贷款查询及借贷相关资讯服务。
AFL vs TREE — 直观对比
营收规模更大
AFL
是对方的15.2倍
$319.7M
营收增速更快
TREE
高出32.2%
-10.0%
净利率更高
TREE
高出16.9%
28.3%
两年增速更快
TREE
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $319.7M |
| 净利润 | $1.4B | $144.7M |
| 毛利率 | — | 29.2% |
| 营业利润率 | 32.3% | 7.0% |
| 净利率 | 28.3% | 45.2% |
| 营收同比 | -10.0% | 22.2% |
| 净利润同比 | -27.5% | 1827.2% |
| 每股收益（稀释后） | $2.58 | $10.32 |
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AFLTREE
| Q4 25 | $4.9B | $319.7M | ||
| Q3 25 | $4.7B | $307.8M | ||
| Q2 25 | $4.2B | $250.1M | ||
| Q1 25 | $3.4B | $239.7M | ||
| Q4 24 | $5.4B | $261.5M | ||
| Q3 24 | $2.9B | $260.8M | ||
| Q2 24 | $5.1B | $210.1M | ||
| Q1 24 | $5.4B | $167.8M |
净利润AFLTREE
| Q4 25 | $1.4B | $144.7M | ||
| Q3 25 | $1.6B | $10.2M | ||
| Q2 25 | $599.0M | $8.9M | ||
| Q1 25 | $29.0M | $-12.4M | ||
| Q4 24 | $1.9B | $7.5M | ||
| Q3 24 | $-93.0M | $-58.0M | ||
| Q2 24 | $1.8B | $7.8M | ||
| Q1 24 | $1.9B | $1.0M |
毛利率AFLTREE
| Q4 25 | — | 29.2% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 32.9% | ||
| Q4 24 | — | 33.6% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 42.0% |
营业利润率AFLTREE
| Q4 25 | 32.3% | 7.0% | ||
| Q3 25 | 42.1% | 9.3% | ||
| Q2 25 | 19.8% | 8.4% | ||
| Q1 25 | 4.3% | -3.0% | ||
| Q4 24 | 39.5% | 6.9% | ||
| Q3 24 | 3.1% | 3.8% | ||
| Q2 24 | 39.3% | 4.6% | ||
| Q1 24 | 39.9% | 4.3% |
净利率AFLTREE
| Q4 25 | 28.3% | 45.2% | ||
| Q3 25 | 34.6% | 3.3% | ||
| Q2 25 | 14.4% | 3.5% | ||
| Q1 25 | 0.9% | -5.2% | ||
| Q4 24 | 35.2% | 2.9% | ||
| Q3 24 | -3.2% | -22.2% | ||
| Q2 24 | 34.2% | 3.7% | ||
| Q1 24 | 34.6% | 0.6% |
每股收益（稀释后）AFLTREE
| Q4 25 | $2.58 | $10.32 | ||
| Q3 25 | $3.08 | $0.73 | ||
| Q2 25 | $1.11 | $0.65 | ||
| Q1 25 | $0.05 | $-0.92 | ||
| Q4 24 | $3.45 | $0.54 | ||
| Q3 24 | $-0.17 | $-4.34 | ||
| Q2 24 | $3.10 | $0.58 | ||
| Q1 24 | $3.25 | $0.08 |
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 | $81.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $29.5B | $286.8M |
| 总资产 | $116.5B | $855.7M |
| 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AFLTREE
| Q4 25 | $6.2B | $81.1M | ||
| Q3 25 | $6.8B | $68.6M | ||
| Q2 25 | $7.0B | $149.1M | ||
| Q1 25 | $5.2B | $126.4M | ||
| Q4 24 | $6.2B | $106.6M | ||
| Q3 24 | $5.6B | $96.8M | ||
| Q2 24 | $6.1B | $66.8M | ||
| Q1 24 | $5.1B | $230.7M |
股东权益AFLTREE
| Q4 25 | $29.5B | $286.8M | ||
| Q3 25 | $28.7B | $132.4M | ||
| Q2 25 | $27.2B | $118.1M | ||
| Q1 25 | $26.3B | $103.7M | ||
| Q4 24 | $26.1B | $108.8M | ||
| Q3 24 | $24.8B | $94.3M | ||
| Q2 24 | $26.0B | $145.8M | ||
| Q1 24 | $23.5B | $131.5M |
总资产AFLTREE
| Q4 25 | $116.5B | $855.7M | ||
| Q3 25 | $122.3B | $759.9M | ||
| Q2 25 | $124.7B | $835.8M | ||
| Q1 25 | $120.3B | $777.1M | ||
| Q4 24 | $117.6B | $767.7M | ||
| Q3 24 | $128.4B | $787.2M | ||
| Q2 24 | $120.2B | $802.2M | ||
| Q1 24 | $124.7B | $926.7M |
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 | $16.5M |
| 自由现金流经营现金流 - 资本支出 | — | $13.5M |
| 自由现金流率自由现金流/营收 | — | 4.2% |
| 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× | 0.11× |
| 过去12个月自由现金流最近4个季度 | — | $60.7M |
8季度趋势，按日历期对齐
经营现金流AFLTREE
| Q4 25 | $315.0M | $16.5M | ||
| Q3 25 | $1.3B | $28.8M | ||
| Q2 25 | $399.0M | $28.0M | ||
| Q1 25 | $589.0M | $-210.0K | ||
| Q4 24 | $333.0M | $16.2M | ||
| Q3 24 | $1.3B | $45.3M | ||
| Q2 24 | $255.0M | $-4.9M | ||
| Q1 24 | $849.0M | $5.7M |
自由现金流AFLTREE
| Q4 25 | — | $13.5M | ||
| Q3 25 | — | $25.6M | ||
| Q2 25 | — | $25.2M | ||
| Q1 25 | — | $-3.6M | ||
| Q4 24 | — | $13.4M | ||
| Q3 24 | — | $42.3M | ||
| Q2 24 | — | $-7.7M | ||
| Q1 24 | — | $3.0M |
自由现金流率AFLTREE
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | -3.7% | ||
| Q1 24 | — | 1.8% |
资本支出强度AFLTREE
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.6% |
现金转化率AFLTREE
| Q4 25 | 0.23× | 0.11× | ||
| Q3 25 | 0.76× | 2.84× | ||
| Q2 25 | 0.67× | 3.15× | ||
| Q1 25 | 20.31× | — | ||
| Q4 24 | 0.18× | 2.16× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | -0.64× | ||
| Q1 24 | 0.45× | 5.62× |
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% |
TREE
| Insurance Segment | $214.6M | 67% |
| Other Consumer | $39.5M | 12% |
| Home Segment | $36.2M | 11% |
| Personal Loans | $29.1M | 9% |
