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美国国际集团（AIG）与UWM Holdings Corp（UWMC）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UWM Holdings Corp的6.9倍（$6.5B vs $945.2M）。美国国际集团净利率更高（11.2% vs 2.1%，领先9.2%）。美国国际集团同比增速更快（380.9% vs 68.7%）。过去两年UWM Holdings Corp的营收复合增速更高（28.8% 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。
UWM控股（前身为联合海岸金融服务）是总部位于美国密歇根州庞蒂亚克的批发抵押贷款机构，专门为独立贷款经纪人提供贷款承销服务，据2024年公开数据显示，该公司是目前美国规模最大的抵押贷款放贷机构。
AIG vs UWMC — 直观对比
营收规模更大
AIG
是对方的6.9倍
$945.2M
营收增速更快
AIG
高出312.2%
68.7%
净利率更高
AIG
高出9.2%
2.1%
两年增速更快
UWMC
近两年复合增速
-27.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $945.2M |
| 净利润 | $735.0M | $19.4M |
| 毛利率 | — | — |
| 营业利润率 | 10.1% | 17.9% |
| 净利率 | 11.2% | 2.1% |
| 营收同比 | 380.9% | 68.7% |
| 净利润同比 | -18.2% | 117.6% |
| 每股收益（稀释后） | $1.36 | $0.14 |
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AIGUWMC
| Q4 25 | $6.5B | $945.2M | ||
| Q3 25 | $6.4B | $843.3M | ||
| Q2 25 | $7.1B | $758.7M | ||
| Q1 25 | $6.8B | $613.4M | ||
| Q4 24 | $1.4B | $560.2M | ||
| Q3 24 | $6.8B | $526.4M | ||
| Q2 24 | $6.6B | $507.1M | ||
| Q1 24 | $12.6B | $570.0M |
净利润AIGUWMC
| Q4 25 | $735.0M | $19.4M | ||
| Q3 25 | $519.0M | $-1.3M | ||
| Q2 25 | $1.1B | $22.9M | ||
| Q1 25 | $698.0M | $-13.7M | ||
| Q4 24 | $898.0M | $8.9M | ||
| Q3 24 | $459.0M | $-6.3M | ||
| Q2 24 | $-4.0B | $3.0M | ||
| Q1 24 | $1.2B | $8.7M |
营业利润率AIGUWMC
| Q4 25 | 10.1% | 17.9% | ||
| Q3 25 | 11.2% | 1.5% | ||
| Q2 25 | 21.8% | 43.4% | ||
| Q1 25 | 14.2% | -42.5% | ||
| Q4 24 | 40.6% | 7.6% | ||
| Q3 24 | 9.6% | 6.1% | ||
| Q2 24 | 9.4% | 15.2% | ||
| Q1 24 | 16.3% | 32.3% |
净利率AIGUWMC
| Q4 25 | 11.2% | 2.1% | ||
| Q3 25 | 8.2% | -0.1% | ||
| Q2 25 | 16.1% | 3.0% | ||
| Q1 25 | 10.3% | -2.2% | ||
| Q4 24 | 65.9% | 1.6% | ||
| Q3 24 | 6.8% | -1.2% | ||
| Q2 24 | -60.6% | 0.6% | ||
| Q1 24 | 9.7% | 1.5% |
每股收益（稀释后）AIGUWMC
| Q4 25 | $1.36 | $0.14 | ||
| Q3 25 | $0.93 | $-0.01 | ||
| Q2 25 | $1.98 | $0.11 | ||
| Q1 25 | $1.16 | $-0.12 | ||
| Q4 24 | $1.34 | $0.07 | ||
| Q3 24 | $0.71 | $-0.06 | ||
| Q2 24 | $-5.96 | $0.03 | ||
| Q1 24 | $1.74 | $0.09 |
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 | — | $503.4M |
| 总债务越低越好 | $9.2B | $3.0B |
| 股东权益账面价值 | $41.1B | $1.6B |
| 总资产 | $161.3B | $16.9B |
| 负债/权益比越低杠杆越低 | 0.22× | 1.87× |
8季度趋势，按日历期对齐
现金及短期投资AIGUWMC
| Q4 25 | — | $503.4M | ||
| Q3 25 | — | $870.7M | ||
| Q2 25 | — | $490.0M | ||
| Q1 25 | — | $485.0M | ||
| Q4 24 | — | $507.3M | ||
| Q3 24 | — | $636.3M | ||
| Q2 24 | — | $680.2M | ||
| Q1 24 | — | $605.6M |
总债务AIGUWMC
| Q4 25 | $9.2B | $3.0B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $8.9B | $2.8B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
股东权益AIGUWMC
| Q4 25 | $41.1B | $1.6B | ||
| Q3 25 | $41.1B | $1.6B | ||
| Q2 25 | $41.5B | $1.7B | ||
| Q1 25 | $41.4B | $1.6B | ||
| Q4 24 | $42.5B | $2.1B | ||
| Q3 24 | $45.0B | $2.2B | ||
| Q2 24 | $44.4B | $2.3B | ||
| Q1 24 | $43.4B | $2.5B |
总资产AIGUWMC
| Q4 25 | $161.3B | $16.9B | ||
| Q3 25 | $163.4B | $17.0B | ||
| Q2 25 | $166.0B | $13.9B | ||
| Q1 25 | $161.9B | $14.0B | ||
| Q4 24 | $161.3B | $15.7B | ||
| Q3 24 | $169.4B | $15.1B | ||
| Q2 24 | $167.9B | $12.9B | ||
| Q1 24 | $544.1B | $12.8B |
负债/权益比AIGUWMC
| Q4 25 | 0.22× | 1.87× | ||
| Q3 25 | — | 2.38× | ||
| Q2 25 | — | 1.59× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | 0.21× | 1.36× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | 0.81× |
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 | $103.8M |
| 自由现金流经营现金流 - 资本支出 | — | $82.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 0.87× | 5.34× |
| 过去12个月自由现金流最近4个季度 | — | $-2.7B |
8季度趋势，按日历期对齐
经营现金流AIGUWMC
| Q4 25 | $636.0M | $103.8M | ||
| Q3 25 | $1.3B | $-3.1B | ||
| Q2 25 | $1.4B | $-265.9M | ||
| Q1 25 | $-56.0M | $593.9M | ||
| Q4 24 | $125.0M | $-543.3M | ||
| Q3 24 | $1.7B | $-2.2B | ||
| Q2 24 | $930.0M | $-1.3B | ||
| Q1 24 | $519.0M | $-2.2B |
自由现金流AIGUWMC
| Q4 25 | — | $82.0M | ||
| Q3 25 | — | $-3.1B | ||
| Q2 25 | — | $-290.1M | ||
| Q1 25 | — | $576.1M | ||
| Q4 24 | — | $-551.6M | ||
| Q3 24 | — | $-2.2B | ||
| Q2 24 | — | $-1.3B | ||
| Q1 24 | — | $-2.2B |
自由现金流率AIGUWMC
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | -366.4% | ||
| Q2 25 | — | -38.2% | ||
| Q1 25 | — | 93.9% | ||
| Q4 24 | — | -98.5% | ||
| Q3 24 | — | -416.1% | ||
| Q2 24 | — | -262.1% | ||
| Q1 24 | — | -387.7% |
资本支出强度AIGUWMC
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.2% |
现金转化率AIGUWMC
| Q4 25 | 0.87× | 5.34× | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 1.22× | -11.61× | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | 0.14× | -60.91× | ||
| Q3 24 | 3.70× | — | ||
| Q2 24 | — | -431.86× | ||
| Q1 24 | 0.43× | -252.32× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
