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AIFU Inc.（AIFU）与威达信集团（MRSH）财务数据对比。点击上方公司名可切换其他公司
威达信集团的季度营收约是AIFU Inc.的549.4倍（$6.6B vs $12.0M）。AIFU Inc.净利率更高（25.3% vs 12.4%，领先12.9%）
威达信集团是总部位于纽约的全球专业服务企业，核心业务涵盖保险经纪、风险管理、再保险服务、人才管理、投资咨询及管理咨询，旗下拥有达信（Marsh）等四大运营子公司，可提供风险建模、定制风险融资方案等多元专业服务。
AIFU vs MRSH — 直观对比
营收规模更大
MRSH
是对方的549.4倍
$12.0M
净利率更高
AIFU
高出12.9%
12.4%
损益表 — Q3 2023 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $12.0M | $6.6B |
| 净利润 | $3.0M | $821.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.2% | 18.5% |
| 净利率 | 25.3% | 12.4% |
| 营收同比 | — | 8.7% |
| 净利润同比 | — | 4.2% |
| 每股收益（稀释后） | — | $1.68 |
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AIFUMRSH
| Q4 25 | — | $6.6B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $5.7B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.5B |
净利润AIFUMRSH
| Q4 25 | — | $821.0M | ||
| Q3 25 | — | $747.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $788.0M | ||
| Q3 24 | — | $747.0M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.4B |
营业利润率AIFUMRSH
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 18.4% | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | 28.4% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 26.4% | ||
| Q1 24 | — | 29.7% |
净利率AIFUMRSH
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 19.6% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 18.1% | ||
| Q1 24 | — | 21.6% |
每股收益（稀释后）AIFUMRSH
| Q4 25 | — | $1.68 | ||
| Q3 25 | — | $1.51 | ||
| Q2 25 | — | $2.45 | ||
| Q1 25 | — | $2.79 | ||
| Q4 24 | — | $1.58 | ||
| Q3 24 | — | $1.51 | ||
| Q2 24 | — | $2.27 | ||
| Q1 24 | — | $2.82 |
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 | $28.3M | $2.7B |
| 总债务越低越好 | — | $19.6B |
| 股东权益账面价值 | $40.5M | $15.3B |
| 总资产 | $75.8M | $58.7B |
| 负债/权益比越低杠杆越低 | — | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资AIFUMRSH
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
总债务AIFUMRSH
| Q4 25 | — | $19.6B | ||
| Q3 25 | — | $19.6B | ||
| Q2 25 | — | $19.6B | ||
| Q1 25 | — | $19.5B | ||
| Q4 24 | — | $19.9B | ||
| Q3 24 | — | $12.8B | ||
| Q2 24 | — | $12.8B | ||
| Q1 24 | — | $13.4B |
股东权益AIFUMRSH
| Q4 25 | — | $15.3B | ||
| Q3 25 | — | $15.4B | ||
| Q2 25 | — | $16.0B | ||
| Q1 25 | — | $14.3B | ||
| Q4 24 | — | $13.5B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.6B | ||
| Q1 24 | — | $12.6B |
总资产AIFUMRSH
| Q4 25 | — | $58.7B | ||
| Q3 25 | — | $58.8B | ||
| Q2 25 | — | $58.6B | ||
| Q1 25 | — | $57.0B | ||
| Q4 24 | — | $56.5B | ||
| Q3 24 | — | $49.9B | ||
| Q2 24 | — | $48.6B | ||
| Q1 24 | — | $47.6B |
负债/权益比AIFUMRSH
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.47× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 1.06× |
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 | $242.5K | $2.2B |
| 自由现金流经营现金流 - 资本支出 | — | $2.1B |
| 自由现金流率自由现金流/营收 | — | 31.2% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 0.08× | 2.63× |
| 过去12个月自由现金流最近4个季度 | — | $5.0B |
8季度趋势，按日历期对齐
经营现金流AIFUMRSH
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $-622.0M | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $-781.0M |
自由现金流AIFUMRSH
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $-677.0M | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $-868.0M |
自由现金流率AIFUMRSH
| Q4 25 | — | 31.2% | ||
| Q3 25 | — | 31.6% | ||
| Q2 25 | — | 23.1% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 32.3% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | — | -13.4% |
资本支出强度AIFUMRSH
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.3% |
现金转化率AIFUMRSH
| Q4 25 | — | 2.63× | ||
| Q3 25 | — | 2.79× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | -0.45× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 1.08× | ||
| Q1 24 | — | -0.56× |
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
AIFU
暂无分部数据
MRSH
| Marsh Insurance Group | $3.6B | 55% |
| Consulting Segment | $2.6B | 40% |
| Guy Carpenter Reinsurance Group | $179.0M | 3% |
| Other | $175.0M | 3% |
