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ASSURED GUARANTY LTD（AGO）与NMI Holdings, Inc.（NMIH）财务数据对比。点击上方公司名可切换其他公司
过去两年NMI Holdings, Inc.的营收复合增速更高（7.5% vs -100.0%）
Assured Guaranty旗下的Assured Investment Management（AIM）是一家主打信贷策略的机构资产管理公司，2023年7月停止运营时管理资产规模约152亿美元，曾被二级投资者评为全球最知名的对冲基金之一。
NMI控股是美国头部私人抵押贷款保险服务商，主要为贷款机构提供抵押贷款担保保险产品，降低住房抵押贷款信用风险，服务美国本土住宅市场，助力符合资质的购房者获得购房便利，同时保护放贷机构免受违约损失。
AGO vs NMIH — 直观对比
营收规模更大
NMIH
是对方的Infinity倍
$0
两年增速更快
NMIH
近两年复合增速
-100.0%
损益表 — Q4 2024 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $0 | $180.7M |
| 净利润 | $18.0M | $94.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 67.0% |
| 净利率 | — | 52.1% |
| 营收同比 | — | 8.5% |
| 净利润同比 | -95.2% | 9.3% |
| 每股收益（稀释后） | $0.40 | $1.21 |
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AGONMIH
| Q4 25 | — | $180.7M | ||
| Q3 25 | — | $178.7M | ||
| Q2 25 | — | $173.8M | ||
| Q1 25 | — | $173.2M | ||
| Q4 24 | $0 | $166.5M | ||
| Q3 24 | $0 | $166.1M | ||
| Q2 24 | $0 | $162.1M | ||
| Q1 24 | $0 | $156.3M |
净利润AGONMIH
| Q4 25 | — | $94.2M | ||
| Q3 25 | — | $96.0M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $102.6M | ||
| Q4 24 | $18.0M | $86.2M | ||
| Q3 24 | $171.0M | $92.8M | ||
| Q2 24 | $78.0M | $92.1M | ||
| Q1 24 | $109.0M | $89.0M |
营业利润率AGONMIH
| Q4 25 | — | 67.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 71.1% | ||
| Q1 25 | — | 75.8% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | 71.8% | ||
| Q2 24 | — | 73.2% | ||
| Q1 24 | — | 73.3% |
净利率AGONMIH
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 53.7% | ||
| Q2 25 | — | 55.3% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 51.8% | ||
| Q3 24 | — | 55.9% | ||
| Q2 24 | — | 56.8% | ||
| Q1 24 | — | 57.0% |
每股收益（稀释后）AGONMIH
| Q4 25 | — | $1.21 | ||
| Q3 25 | — | $1.22 | ||
| Q2 25 | — | $1.21 | ||
| Q1 25 | — | $1.28 | ||
| Q4 24 | $0.40 | $1.07 | ||
| Q3 24 | $3.17 | $1.15 | ||
| Q2 24 | $1.41 | $1.13 | ||
| Q1 24 | $1.89 | $1.08 |
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 | $1.2B | — |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $5.5B | $2.6B |
| 总资产 | $11.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资AGONMIH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.6B | — |
总债务AGONMIH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
股东权益AGONMIH
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $5.5B | $2.2B | ||
| Q3 24 | $5.7B | $2.2B | ||
| Q2 24 | $5.5B | $2.0B | ||
| Q1 24 | $5.6B | $2.0B |
总资产AGONMIH
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $11.9B | $3.3B | ||
| Q3 24 | $12.3B | $3.3B | ||
| Q2 24 | $12.1B | $3.1B | ||
| Q1 24 | $12.2B | $3.0B |
负债/权益比AGONMIH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.30× | — |
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 | $46.0M | $61.7M |
| 自由现金流经营现金流 - 资本支出 | — | $60.1M |
| 自由现金流率自由现金流/营收 | — | 33.3% |
| 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 | 2.56× | 0.66× |
| 过去12个月自由现金流最近4个季度 | — | $412.5M |
8季度趋势，按日历期对齐
经营现金流AGONMIH
| Q4 25 | — | $61.7M | ||
| Q3 25 | — | $128.0M | ||
| Q2 25 | — | $128.4M | ||
| Q1 25 | — | $101.2M | ||
| Q4 24 | $46.0M | $35.8M | ||
| Q3 24 | $17.0M | $128.4M | ||
| Q2 24 | $58.0M | $117.8M | ||
| Q1 24 | $-74.0M | $111.6M |
自由现金流AGONMIH
| Q4 25 | — | $60.1M | ||
| Q3 25 | — | $126.3M | ||
| Q2 25 | — | $126.7M | ||
| Q1 25 | — | $99.4M | ||
| Q4 24 | — | $34.4M | ||
| Q3 24 | — | $126.9M | ||
| Q2 24 | — | $115.9M | ||
| Q1 24 | — | $109.4M |
自由现金流率AGONMIH
| Q4 25 | — | 33.3% | ||
| Q3 25 | — | 70.7% | ||
| Q2 25 | — | 72.9% | ||
| Q1 25 | — | 57.4% | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 76.4% | ||
| Q2 24 | — | 71.5% | ||
| Q1 24 | — | 70.0% |
资本支出强度AGONMIH
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.4% |
现金转化率AGONMIH
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | — | 1.33× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | 2.56× | 0.42× | ||
| Q3 24 | 0.10× | 1.38× | ||
| Q2 24 | 0.74× | 1.28× | ||
| Q1 24 | -0.68× | 1.25× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
