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美国国际集团（AIG）与Cipher Mining Inc.（CIFR）财务数据对比。点击上方公司名可切换其他公司
美国国际集团的季度营收约是Cipher Mining Inc.的109.7倍（$6.5B vs $59.7M），美国国际集团净利率更高（11.2% vs -1229.6%，领先1240.8%），美国国际集团同比增速更快（380.9% vs 41.4%），过去两年Cipher Mining Inc.的营收复合增速更高（11.4% vs -18.4%）
美国国际集团（AIG）是全球知名保险提供商，服务覆盖北美及全球其他地区，面向商业客户、机构客户及个人用户推出多元化保险产品，业务涵盖责任险、财产险、航空航天险、政治风险保险、贸易信用保险、农业保险、海事保险等多个领域，可满足不同客户的风险保障需求。
Cipher Mining Inc.是总部位于美国的比特币挖矿生态运营企业，当前正全力发展加密货币相关业务，深耕加密行业上游基础设施赛道，依托技术及合规优势构建稳定高效的挖矿服务体系。
AIG vs CIFR — 直观对比
营收规模更大
AIG
是对方的109.7倍
$59.7M
营收增速更快
AIG
高出339.5%
41.4%
净利率更高
AIG
高出1240.8%
-1229.6%
两年增速更快
CIFR
近两年复合增速
-18.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $59.7M |
| 净利润 | $735.0M | $-734.2M |
| 毛利率 | — | 59.4% |
| 营业利润率 | 10.1% | -503.4% |
| 净利率 | 11.2% | -1229.6% |
| 营收同比 | 380.9% | 41.4% |
| 净利润同比 | -18.2% | -4293.1% |
| 每股收益（稀释后） | $1.36 | $-1.91 |
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AIGCIFR
| Q4 25 | $6.5B | $59.7M | ||
| Q3 25 | $6.4B | $71.7M | ||
| Q2 25 | $7.1B | $43.6M | ||
| Q1 25 | $6.8B | $49.0M | ||
| Q4 24 | — | $42.2M | ||
| Q3 24 | $6.8B | $24.1M | ||
| Q2 24 | $6.6B | $36.8M | ||
| Q1 24 | $12.6B | $48.1M |
净利润AIGCIFR
| Q4 25 | $735.0M | $-734.2M | ||
| Q3 25 | $519.0M | $-3.3M | ||
| Q2 25 | $1.1B | $-45.8M | ||
| Q1 25 | $698.0M | $-39.0M | ||
| Q4 24 | — | $17.5M | ||
| Q3 24 | $459.0M | $-86.8M | ||
| Q2 24 | $-4.0B | $-15.3M | ||
| Q1 24 | $1.2B | $39.9M |
毛利率AIGCIFR
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 62.7% | ||
| Q2 25 | — | 64.8% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 61.2% | ||
| Q1 24 | — | 69.2% |
营业利润率AIGCIFR
| Q4 25 | 10.1% | -503.4% | ||
| Q3 25 | 11.2% | -52.5% | ||
| Q2 25 | 21.8% | -103.9% | ||
| Q1 25 | 14.2% | -77.8% | ||
| Q4 24 | — | 40.5% | ||
| Q3 24 | 9.6% | -379.2% | ||
| Q2 24 | 9.4% | -43.9% | ||
| Q1 24 | 16.3% | 97.2% |
净利率AIGCIFR
| Q4 25 | 11.2% | -1229.6% | ||
| Q3 25 | 8.2% | -4.6% | ||
| Q2 25 | 16.1% | -105.1% | ||
| Q1 25 | 10.3% | -79.6% | ||
| Q4 24 | — | 41.5% | ||
| Q3 24 | 6.8% | -359.9% | ||
| Q2 24 | -60.6% | -41.5% | ||
| Q1 24 | 9.7% | 82.9% |
每股收益（稀释后）AIGCIFR
| Q4 25 | $1.36 | $-1.91 | ||
| Q3 25 | $0.93 | $-0.01 | ||
| Q2 25 | $1.98 | $-0.12 | ||
| Q1 25 | $1.16 | $-0.11 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | $0.71 | $-0.26 | ||
| Q2 24 | $-5.96 | $-0.05 | ||
| Q1 24 | $1.74 | $0.13 |
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 | — | $628.3M |
| 总债务越低越好 | $9.2B | $2.7B |
| 股东权益账面价值 | $41.1B | $805.5M |
| 总资产 | $161.3B | $4.3B |
| 负债/权益比越低杠杆越低 | 0.22× | 3.37× |
8季度趋势，按日历期对齐
现金及短期投资AIGCIFR
| Q4 25 | — | $628.3M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $62.7M | ||
| Q1 25 | — | $23.2M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | — | $25.3M | ||
| Q2 24 | — | $122.6M | ||
| Q1 24 | — | $88.7M |
总债务AIGCIFR
| Q4 25 | $9.2B | $2.7B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $167.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AIGCIFR
| Q4 25 | $41.1B | $805.5M | ||
| Q3 25 | $41.1B | $783.2M | ||
| Q2 25 | $41.5B | $748.9M | ||
| Q1 25 | $41.4B | $734.8M | ||
| Q4 24 | — | $682.0M | ||
| Q3 24 | $45.0B | $672.0M | ||
| Q2 24 | $44.4B | $690.8M | ||
| Q1 24 | $43.4B | $600.9M |
总资产AIGCIFR
| Q4 25 | $161.3B | $4.3B | ||
| Q3 25 | $163.4B | $2.8B | ||
| Q2 25 | $166.0B | $1.0B | ||
| Q1 25 | $161.9B | $913.8M | ||
| Q4 24 | — | $855.4M | ||
| Q3 24 | $169.4B | $775.4M | ||
| Q2 24 | $167.9B | $775.6M | ||
| Q1 24 | $544.1B | $677.1M |
负债/权益比AIGCIFR
| Q4 25 | 0.22× | 3.37× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $636.0M | $-207.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-695.9M |
| 自由现金流率自由现金流/营收 | — | -1165.4% |
| 资本支出强度资本支出/营收 | — | 817.1% |
| 现金转化率经营现金流/净利润 | 0.87× | — |
| 过去12个月自由现金流最近4个季度 | — | $-1.1B |
8季度趋势，按日历期对齐
经营现金流AIGCIFR
| Q4 25 | $636.0M | $-207.9M | ||
| Q3 25 | $1.3B | $-50.1M | ||
| Q2 25 | $1.4B | $-56.2M | ||
| Q1 25 | $-56.0M | $-47.2M | ||
| Q4 24 | — | $-87.5M | ||
| Q3 24 | $1.7B | $-6.5M | ||
| Q2 24 | $930.0M | $-25.4M | ||
| Q1 24 | $519.0M | $-26.6M |
自由现金流AIGCIFR
| Q4 25 | — | $-695.9M | ||
| Q3 25 | — | $-256.2M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-71.8M | ||
| Q4 24 | — | $-227.0M | ||
| Q3 24 | — | $-83.2M | ||
| Q2 24 | — | $-33.2M | ||
| Q1 24 | — | $-34.5M |
自由现金流率AIGCIFR
| Q4 25 | — | -1165.4% | ||
| Q3 25 | — | -357.3% | ||
| Q2 25 | — | -200.9% | ||
| Q1 25 | — | -146.7% | ||
| Q4 24 | — | -537.6% | ||
| Q3 24 | — | -345.0% | ||
| Q2 24 | — | -90.2% | ||
| Q1 24 | — | -71.7% |
资本支出强度AIGCIFR
| Q4 25 | — | 817.1% | ||
| Q3 25 | — | 287.5% | ||
| Q2 25 | — | 71.8% | ||
| Q1 25 | — | 50.2% | ||
| Q4 24 | — | 330.4% | ||
| Q3 24 | — | 317.8% | ||
| Q2 24 | — | 21.4% | ||
| Q1 24 | — | 16.4% |
现金转化率AIGCIFR
| Q4 25 | 0.87× | — | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | -5.00× | ||
| Q3 24 | 3.70× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.43× | -0.67× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
