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美国国际集团（AIG）与标普全球（SPGI）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标普全球的1.7倍（$6.5B vs $3.9B）。标普全球净利率更高（28.9% vs 11.2%，领先17.7%）。美国国际集团同比增速更快（380.9% vs 9.0%）。过去两年标普全球的营收复合增速更高（5.9% vs -27.8%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息、数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球市场财智、标普全球能源、标普全球移动、印度信用评级机构CRISIL等业务板块，同时控股合资企业标普道琼斯指数。
AIG vs SPGI — 直观对比
营收规模更大
AIG
是对方的1.7倍
$3.9B
营收增速更快
AIG
高出371.9%
9.0%
净利率更高
SPGI
高出17.7%
11.2%
两年增速更快
SPGI
近两年复合增速
-27.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $3.9B |
| 净利润 | $735.0M | $1.1B |
| 毛利率 | — | 70.1% |
| 营业利润率 | 10.1% | 42.7% |
| 净利率 | 11.2% | 28.9% |
| 营收同比 | 380.9% | 9.0% |
| 净利润同比 | -18.2% | 28.9% |
| 每股收益（稀释后） | $1.36 | $3.76 |
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AIGSPGI
| Q4 25 | $6.5B | $3.9B | ||
| Q3 25 | $6.4B | $3.9B | ||
| Q2 25 | $7.1B | $3.8B | ||
| Q1 25 | $6.8B | $3.8B | ||
| Q4 24 | $1.4B | $3.6B | ||
| Q3 24 | $6.8B | $3.6B | ||
| Q2 24 | $6.6B | $3.5B | ||
| Q1 24 | $12.6B | $3.5B |
净利润AIGSPGI
| Q4 25 | $735.0M | $1.1B | ||
| Q3 25 | $519.0M | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $698.0M | $1.1B | ||
| Q4 24 | $898.0M | $879.0M | ||
| Q3 24 | $459.0M | $971.0M | ||
| Q2 24 | $-4.0B | $1.0B | ||
| Q1 24 | $1.2B | $991.0M |
毛利率AIGSPGI
| Q4 25 | — | 70.1% | ||
| Q3 25 | — | 71.2% | ||
| Q2 25 | — | 70.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | — | 69.8% | ||
| Q3 24 | — | 70.0% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.9% |
营业利润率AIGSPGI
| Q4 25 | 10.1% | 42.7% | ||
| Q3 25 | 11.2% | 43.1% | ||
| Q2 25 | 21.8% | 41.3% | ||
| Q1 25 | 14.2% | 41.8% | ||
| Q4 24 | 40.6% | 36.4% | ||
| Q3 24 | 9.6% | 40.1% | ||
| Q2 24 | 9.4% | 40.9% | ||
| Q1 24 | 16.3% | 39.7% |
净利率AIGSPGI
| Q4 25 | 11.2% | 28.9% | ||
| Q3 25 | 8.2% | 30.2% | ||
| Q2 25 | 16.1% | 28.5% | ||
| Q1 25 | 10.3% | 28.9% | ||
| Q4 24 | 65.9% | 24.5% | ||
| Q3 24 | 6.8% | 27.2% | ||
| Q2 24 | -60.6% | 28.5% | ||
| Q1 24 | 9.7% | 28.4% |
每股收益（稀释后）AIGSPGI
| Q4 25 | $1.36 | $3.76 | ||
| Q3 25 | $0.93 | $3.86 | ||
| Q2 25 | $1.98 | $3.50 | ||
| Q1 25 | $1.16 | $3.54 | ||
| Q4 24 | $1.34 | $2.85 | ||
| Q3 24 | $0.71 | $3.11 | ||
| Q2 24 | $-5.96 | $3.23 | ||
| Q1 24 | $1.74 | $3.16 |
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 | — | $1.8B |
| 总债务越低越好 | $9.2B | $13.1B |
| 股东权益账面价值 | $41.1B | $31.1B |
| 总资产 | $161.3B | $61.2B |
| 负债/权益比越低杠杆越低 | 0.22× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资AIGSPGI
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.5B |
总债务AIGSPGI
| Q4 25 | $9.2B | $13.1B | ||
| Q3 25 | — | $11.4B | ||
| Q2 25 | — | $11.4B | ||
| Q1 25 | — | $11.4B | ||
| Q4 24 | $8.9B | $11.4B | ||
| Q3 24 | — | $11.4B | ||
| Q2 24 | — | $11.4B | ||
| Q1 24 | — | $11.7B |
股东权益AIGSPGI
| Q4 25 | $41.1B | $31.1B | ||
| Q3 25 | $41.1B | $33.1B | ||
| Q2 25 | $41.5B | $33.4B | ||
| Q1 25 | $41.4B | $33.4B | ||
| Q4 24 | $42.5B | $33.2B | ||
| Q3 24 | $45.0B | $34.0B | ||
| Q2 24 | $44.4B | $34.9B | ||
| Q1 24 | $43.4B | $34.3B |
总资产AIGSPGI
| Q4 25 | $161.3B | $61.2B | ||
| Q3 25 | $163.4B | $59.7B | ||
| Q2 25 | $166.0B | $60.4B | ||
| Q1 25 | $161.9B | $59.9B | ||
| Q4 24 | $161.3B | $60.2B | ||
| Q3 24 | $169.4B | $60.4B | ||
| Q2 24 | $167.9B | $61.0B | ||
| Q1 24 | $544.1B | $60.5B |
负债/权益比AIGSPGI
| Q4 25 | 0.22× | 0.42× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | 0.21× | 0.34× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | — | $1.7B |
| 自由现金流率自由现金流/营收 | — | 43.5% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 0.87× | 1.54× |
| 过去12个月自由现金流最近4个季度 | — | $5.5B |
8季度趋势，按日历期对齐
经营现金流AIGSPGI
| Q4 25 | $636.0M | $1.7B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $-56.0M | $953.0M | ||
| Q4 24 | $125.0M | $1.7B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $930.0M | $1.6B | ||
| Q1 24 | $519.0M | $948.0M |
自由现金流AIGSPGI
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $910.0M | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $924.0M |
自由现金流率AIGSPGI
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 47.5% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 42.9% | ||
| Q1 24 | — | 26.5% |
资本支出强度AIGSPGI
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.7% |
现金转化率AIGSPGI
| Q4 25 | 0.87× | 1.54× | ||
| Q3 25 | 2.59× | 1.28× | ||
| Q2 25 | 1.22× | 1.35× | ||
| Q1 25 | -0.08× | 0.87× | ||
| Q4 24 | 0.14× | 1.98× | ||
| Q3 24 | 3.70× | 1.49× | ||
| Q2 24 | — | 1.54× | ||
| Q1 24 | 0.43× | 0.96× |
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
AIG
暂无分部数据
SPGI
| Subscription | $1.1B | 27% |
| Other | $706.0M | 18% |
| Non Transaction | $602.0M | 15% |
| Indices Segment | $495.0M | 13% |
| Mobility Segment | $444.0M | 11% |
| Asset Linked Fees | $329.0M | 8% |
| Recurring Variable Revenue | $157.0M | 4% |
| Related Party | $46.0M | 1% |
| Non Subscription Transaction | $45.0M | 1% |
| Sales Usage Based Royalties | $30.0M | 1% |
