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Aflac（AFL）与UWM Holdings Corp（UWMC）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UWM Holdings Corp的5.1倍（$4.9B vs $945.2M）。Aflac净利率更高（28.3% vs 2.1%，领先26.3%）。UWM Holdings Corp同比增速更快（68.7% vs -10.0%）。过去两年UWM Holdings Corp的营收复合增速更高（28.8% 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。
UWM控股（前身为联合海岸金融服务）是总部位于美国密歇根州庞蒂亚克的批发抵押贷款机构，专门为独立贷款经纪人提供贷款承销服务，据2024年公开数据显示，该公司是目前美国规模最大的抵押贷款放贷机构。
AFL vs UWMC — 直观对比
营收规模更大
AFL
是对方的5.1倍
$945.2M
营收增速更快
UWMC
高出78.7%
-10.0%
净利率更高
AFL
高出26.3%
2.1%
两年增速更快
UWMC
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $945.2M |
| 净利润 | $1.4B | $19.4M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | 17.9% |
| 净利率 | 28.3% | 2.1% |
| 营收同比 | -10.0% | 68.7% |
| 净利润同比 | -27.5% | 117.6% |
| 每股收益（稀释后） | $2.58 | $0.14 |
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AFLUWMC
| Q4 25 | $4.9B | $945.2M | ||
| Q3 25 | $4.7B | $843.3M | ||
| Q2 25 | $4.2B | $758.7M | ||
| Q1 25 | $3.4B | $613.4M | ||
| Q4 24 | $5.4B | $560.2M | ||
| Q3 24 | $2.9B | $526.4M | ||
| Q2 24 | $5.1B | $507.1M | ||
| Q1 24 | $5.4B | $570.0M |
净利润AFLUWMC
| Q4 25 | $1.4B | $19.4M | ||
| Q3 25 | $1.6B | $-1.3M | ||
| Q2 25 | $599.0M | $22.9M | ||
| Q1 25 | $29.0M | $-13.7M | ||
| Q4 24 | $1.9B | $8.9M | ||
| Q3 24 | $-93.0M | $-6.3M | ||
| Q2 24 | $1.8B | $3.0M | ||
| Q1 24 | $1.9B | $8.7M |
营业利润率AFLUWMC
| Q4 25 | 32.3% | 17.9% | ||
| Q3 25 | 42.1% | 1.5% | ||
| Q2 25 | 19.8% | 43.4% | ||
| Q1 25 | 4.3% | -42.5% | ||
| Q4 24 | 39.5% | 7.6% | ||
| Q3 24 | 3.1% | 6.1% | ||
| Q2 24 | 39.3% | 15.2% | ||
| Q1 24 | 39.9% | 32.3% |
净利率AFLUWMC
| Q4 25 | 28.3% | 2.1% | ||
| Q3 25 | 34.6% | -0.1% | ||
| Q2 25 | 14.4% | 3.0% | ||
| Q1 25 | 0.9% | -2.2% | ||
| Q4 24 | 35.2% | 1.6% | ||
| Q3 24 | -3.2% | -1.2% | ||
| Q2 24 | 34.2% | 0.6% | ||
| Q1 24 | 34.6% | 1.5% |
每股收益（稀释后）AFLUWMC
| Q4 25 | $2.58 | $0.14 | ||
| Q3 25 | $3.08 | $-0.01 | ||
| Q2 25 | $1.11 | $0.11 | ||
| Q1 25 | $0.05 | $-0.12 | ||
| Q4 24 | $3.45 | $0.07 | ||
| Q3 24 | $-0.17 | $-0.06 | ||
| Q2 24 | $3.10 | $0.03 | ||
| Q1 24 | $3.25 | $0.09 |
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 | $503.4M |
| 总债务越低越好 | — | $3.0B |
| 股东权益账面价值 | $29.5B | $1.6B |
| 总资产 | $116.5B | $16.9B |
| 负债/权益比越低杠杆越低 | — | 1.87× |
8季度趋势，按日历期对齐
现金及短期投资AFLUWMC
| Q4 25 | $6.2B | $503.4M | ||
| Q3 25 | $6.8B | $870.7M | ||
| Q2 25 | $7.0B | $490.0M | ||
| Q1 25 | $5.2B | $485.0M | ||
| Q4 24 | $6.2B | $507.3M | ||
| Q3 24 | $5.6B | $636.3M | ||
| Q2 24 | $6.1B | $680.2M | ||
| Q1 24 | $5.1B | $605.6M |
总债务AFLUWMC
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
股东权益AFLUWMC
| Q4 25 | $29.5B | $1.6B | ||
| Q3 25 | $28.7B | $1.6B | ||
| Q2 25 | $27.2B | $1.7B | ||
| Q1 25 | $26.3B | $1.6B | ||
| Q4 24 | $26.1B | $2.1B | ||
| Q3 24 | $24.8B | $2.2B | ||
| Q2 24 | $26.0B | $2.3B | ||
| Q1 24 | $23.5B | $2.5B |
总资产AFLUWMC
| Q4 25 | $116.5B | $16.9B | ||
| Q3 25 | $122.3B | $17.0B | ||
| Q2 25 | $124.7B | $13.9B | ||
| Q1 25 | $120.3B | $14.0B | ||
| Q4 24 | $117.6B | $15.7B | ||
| Q3 24 | $128.4B | $15.1B | ||
| Q2 24 | $120.2B | $12.9B | ||
| Q1 24 | $124.7B | $12.8B |
负债/权益比AFLUWMC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 2.38× | ||
| Q2 25 | — | 1.59× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | 0.81× |
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 | $103.8M |
| 自由现金流经营现金流 - 资本支出 | — | $82.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 0.23× | 5.34× |
| 过去12个月自由现金流最近4个季度 | — | $-2.7B |
8季度趋势，按日历期对齐
经营现金流AFLUWMC
| Q4 25 | $315.0M | $103.8M | ||
| Q3 25 | $1.3B | $-3.1B | ||
| Q2 25 | $399.0M | $-265.9M | ||
| Q1 25 | $589.0M | $593.9M | ||
| Q4 24 | $333.0M | $-543.3M | ||
| Q3 24 | $1.3B | $-2.2B | ||
| Q2 24 | $255.0M | $-1.3B | ||
| Q1 24 | $849.0M | $-2.2B |
自由现金流AFLUWMC
| Q4 25 | — | $82.0M | ||
| Q3 25 | — | $-3.1B | ||
| Q2 25 | — | $-290.1M | ||
| Q1 25 | — | $576.1M | ||
| Q4 24 | — | $-551.6M | ||
| Q3 24 | — | $-2.2B | ||
| Q2 24 | — | $-1.3B | ||
| Q1 24 | — | $-2.2B |
自由现金流率AFLUWMC
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | -366.4% | ||
| Q2 25 | — | -38.2% | ||
| Q1 25 | — | 93.9% | ||
| Q4 24 | — | -98.5% | ||
| Q3 24 | — | -416.1% | ||
| Q2 24 | — | -262.1% | ||
| Q1 24 | — | -387.7% |
资本支出强度AFLUWMC
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.2% |
现金转化率AFLUWMC
| Q4 25 | 0.23× | 5.34× | ||
| Q3 25 | 0.76× | — | ||
| Q2 25 | 0.67× | -11.61× | ||
| Q1 25 | 20.31× | — | ||
| Q4 24 | 0.18× | -60.91× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | -431.86× | ||
| Q1 24 | 0.45× | -252.32× |
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% |
UWMC
暂无分部数据
