vs
ASSURED GUARANTY LTD（AGO）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是ASSURED GUARANTY LTD的1.7倍（$461.6M vs $277.0M），ASSURED GUARANTY LTD净利率更高（43.0% vs 14.6%，领先28.4%），ASSURED GUARANTY LTD同比增速更快（77.6% vs 17.0%），过去两年ASSURED GUARANTY LTD的营收复合增速更高（6.3% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
AGO vs RBC — 直观对比
营收规模更大
RBC
是对方的1.7倍
$277.0M
营收增速更快
AGO
高出60.5%
17.0%
净利率更高
AGO
高出28.4%
14.6%
两年增速更快
AGO
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $277.0M | $461.6M |
| 净利润 | $119.0M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 59.6% | 22.3% |
| 净利率 | 43.0% | 14.6% |
| 营收同比 | 77.6% | 17.0% |
| 净利润同比 | 561.1% | 16.4% |
| 每股收益（稀释后） | $2.56 | $2.13 |
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AGORBC
| Q4 25 | $277.0M | $461.6M | ||
| Q3 25 | $207.0M | $455.3M | ||
| Q2 25 | $281.0M | $436.0M | ||
| Q1 25 | $345.0M | $437.7M | ||
| Q4 24 | $156.0M | $394.4M | ||
| Q3 24 | $269.0M | $397.9M | ||
| Q2 24 | $202.0M | $406.3M | ||
| Q1 24 | $245.0M | $413.7M |
净利润AGORBC
| Q4 25 | $119.0M | $67.4M | ||
| Q3 25 | $105.0M | $60.0M | ||
| Q2 25 | $103.0M | $68.5M | ||
| Q1 25 | $176.0M | $72.7M | ||
| Q4 24 | $18.0M | $57.9M | ||
| Q3 24 | $171.0M | $54.2M | ||
| Q2 24 | $78.0M | $61.4M | ||
| Q1 24 | $109.0M | — |
毛利率AGORBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率AGORBC
| Q4 25 | 59.6% | 22.3% | ||
| Q3 25 | 65.2% | 21.5% | ||
| Q2 25 | 47.3% | 23.2% | ||
| Q1 25 | 66.4% | 23.0% | ||
| Q4 24 | 19.2% | 21.7% | ||
| Q3 24 | 81.8% | 21.6% | ||
| Q2 24 | 46.5% | 24.0% | ||
| Q1 24 | 58.8% | 22.8% |
净利率AGORBC
| Q4 25 | 43.0% | 14.6% | ||
| Q3 25 | 50.7% | 13.2% | ||
| Q2 25 | 36.7% | 15.7% | ||
| Q1 25 | 51.0% | 16.6% | ||
| Q4 24 | 11.5% | 14.7% | ||
| Q3 24 | 63.6% | 13.6% | ||
| Q2 24 | 38.6% | 15.1% | ||
| Q1 24 | 44.5% | — |
每股收益（稀释后）AGORBC
| Q4 25 | $2.56 | $2.13 | ||
| Q3 25 | $2.18 | $1.90 | ||
| Q2 25 | $2.08 | $2.17 | ||
| Q1 25 | $3.44 | $2.33 | ||
| Q4 24 | $0.40 | $1.82 | ||
| Q3 24 | $3.17 | $1.65 | ||
| Q2 24 | $1.41 | $1.90 | ||
| Q1 24 | $1.89 | $1.92 |
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 | $903.0M | $107.6M |
| 总债务越低越好 | $1.7B | $990.2M |
| 股东权益账面价值 | $5.7B | $3.3B |
| 总资产 | $12.2B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资AGORBC
| Q4 25 | $903.0M | $107.6M | ||
| Q3 25 | $1.3B | $91.2M | ||
| Q2 25 | $939.0M | $132.9M | ||
| Q1 25 | $1.2B | $36.8M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.7B | $76.8M | ||
| Q1 24 | $1.6B | $63.5M |
总债务AGORBC
| Q4 25 | $1.7B | $990.2M | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $915.6M | ||
| Q1 25 | $1.7B | $920.1M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | $1.2B |
股东权益AGORBC
| Q4 25 | $5.7B | $3.3B | ||
| Q3 25 | $5.7B | $3.2B | ||
| Q2 25 | $5.6B | $3.1B | ||
| Q1 25 | $5.6B | $3.0B | ||
| Q4 24 | $5.5B | $2.9B | ||
| Q3 24 | $5.7B | $2.9B | ||
| Q2 24 | $5.5B | $2.8B | ||
| Q1 24 | $5.6B | $2.8B |
总资产AGORBC
| Q4 25 | $12.2B | $5.1B | ||
| Q3 25 | $12.1B | $5.1B | ||
| Q2 25 | $12.1B | $4.8B | ||
| Q1 25 | $11.9B | $4.7B | ||
| Q4 24 | $11.9B | $4.7B | ||
| Q3 24 | $12.3B | $4.7B | ||
| Q2 24 | $12.1B | $4.7B | ||
| Q1 24 | $12.2B | $4.7B |
负债/权益比AGORBC
| Q4 25 | 0.30× | 0.30× | ||
| Q3 25 | 0.30× | 0.34× | ||
| Q2 25 | 0.30× | 0.29× | ||
| Q1 25 | 0.30× | 0.30× | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.30× | 0.43× |
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 | $259.0M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 2.18× | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AGORBC
| Q4 25 | $259.0M | $122.1M | ||
| Q3 25 | $55.0M | $88.4M | ||
| Q2 25 | $78.0M | $120.0M | ||
| Q1 25 | $87.0M | — | ||
| Q4 24 | $47.0M | $84.0M | ||
| Q3 24 | $17.0M | — | ||
| Q2 24 | $58.0M | $97.4M | ||
| Q1 24 | $-74.0M | — |
自由现金流AGORBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率AGORBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度AGORBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率AGORBC
| Q4 25 | 2.18× | 1.81× | ||
| Q3 25 | 0.52× | 1.47× | ||
| Q2 25 | 0.76× | 1.75× | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 2.61× | 1.45× | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.74× | 1.59× | ||
| Q1 24 | -0.68× | — |
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
AGO
| Insurance Segment | $226.0M | 82% |
| Other | $37.0M | 13% |
| Gain Loss On Investments Member1 | $8.0M | 3% |
| Non Credit Impairment Related Unrealized Fair Value Gains Losses On Credit Derivatives | $6.0M | 2% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
