vs
Assurant（AIZ）与戴德梁行（CWK）财务数据对比。点击上方公司名可切换其他公司
Assurant的季度营收约是戴德梁行的1.1倍（$3.4B vs $2.9B），Assurant净利率更高（6.7% vs -0.8%，领先7.5%），戴德梁行同比增速更快（10.8% vs 7.9%），Assurant自由现金流更多（$611.7M vs $234.3M），过去两年戴德梁行的营收复合增速更高（15.5% vs 7.9%）
Assurant Inc.是总部位于美国亚特兰大的全球化风险管理产品及服务供应商，旗下业务覆盖财产意外险、电子设备延保、预售丧葬险等多个细分领域的特色保险产品，核心运营板块分为全球住房业务和全球生活方式业务两大板块。
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
AIZ vs CWK — 直观对比
营收规模更大
AIZ
是对方的1.1倍
$2.9B
营收增速更快
CWK
高出2.9%
7.9%
净利率更高
AIZ
高出7.5%
-0.8%
自由现金流更多
AIZ
多$377.4M
$234.3M
两年增速更快
CWK
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.9B |
| 净利润 | $225.2M | $-22.4M |
| 毛利率 | — | — |
| 营业利润率 | 8.5% | 6.1% |
| 净利率 | 6.7% | -0.8% |
| 营收同比 | 7.9% | 10.8% |
| 净利润同比 | 11.9% | -119.8% |
| 每股收益（稀释后） | $4.37 | $-0.10 |
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AIZCWK
| Q4 25 | $3.4B | $2.9B | ||
| Q3 25 | $3.2B | $2.6B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.1B | $2.6B | ||
| Q3 24 | $3.0B | $2.3B | ||
| Q2 24 | $2.9B | $2.3B | ||
| Q1 24 | $2.9B | $2.2B |
净利润AIZCWK
| Q4 25 | $225.2M | $-22.4M | ||
| Q3 25 | $265.6M | $51.4M | ||
| Q2 25 | $235.3M | $57.3M | ||
| Q1 25 | $146.6M | $1.9M | ||
| Q4 24 | $201.3M | $112.9M | ||
| Q3 24 | $133.8M | $33.7M | ||
| Q2 24 | $188.7M | $13.5M | ||
| Q1 24 | $236.4M | $-28.8M |
营业利润率AIZCWK
| Q4 25 | 8.5% | 6.1% | ||
| Q3 25 | 10.2% | 4.1% | ||
| Q2 25 | 9.2% | 4.9% | ||
| Q1 25 | 6.0% | 2.0% | ||
| Q4 24 | 8.1% | 6.6% | ||
| Q3 24 | 5.1% | 3.2% | ||
| Q2 24 | 8.0% | 3.1% | ||
| Q1 24 | 10.2% | 0.9% |
净利率AIZCWK
| Q4 25 | 6.7% | -0.8% | ||
| Q3 25 | 8.2% | 2.0% | ||
| Q2 25 | 7.4% | 2.3% | ||
| Q1 25 | 4.8% | 0.1% | ||
| Q4 24 | 6.5% | 4.3% | ||
| Q3 24 | 4.5% | 1.4% | ||
| Q2 24 | 6.5% | 0.6% | ||
| Q1 24 | 8.2% | -1.3% |
每股收益（稀释后）AIZCWK
| Q4 25 | $4.37 | $-0.10 | ||
| Q3 25 | $5.17 | $0.22 | ||
| Q2 25 | $4.56 | $0.25 | ||
| Q1 25 | $2.83 | $0.01 | ||
| Q4 24 | $3.86 | $0.49 | ||
| Q3 24 | $2.55 | $0.14 | ||
| Q2 24 | $3.58 | $0.06 | ||
| Q1 24 | $4.47 | $-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 | $1.8B | $784.2M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $5.9B | $2.0B |
| 总资产 | $36.3B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.40× |
8季度趋势，按日历期对齐
现金及短期投资AIZCWK
| Q4 25 | $1.8B | $784.2M | ||
| Q3 25 | $1.7B | $634.4M | ||
| Q2 25 | $1.5B | $618.2M | ||
| Q1 25 | $1.7B | $623.2M | ||
| Q4 24 | $1.8B | $793.3M | ||
| Q3 24 | $1.8B | $775.4M | ||
| Q2 24 | $1.7B | $567.3M | ||
| Q1 24 | $1.3B | $553.5M |
总债务AIZCWK
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.2B |
股东权益AIZCWK
| Q4 25 | $5.9B | $2.0B | ||
| Q3 25 | $5.8B | $2.0B | ||
| Q2 25 | $5.5B | $1.9B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.1B | $1.8B | ||
| Q3 24 | $5.3B | $1.7B | ||
| Q2 24 | $5.0B | $1.6B | ||
| Q1 24 | $4.9B | $1.6B |
总资产AIZCWK
| Q4 25 | $36.3B | $7.7B | ||
| Q3 25 | $35.8B | $7.7B | ||
| Q2 25 | $35.5B | $7.6B | ||
| Q1 25 | $35.0B | $7.4B | ||
| Q4 24 | $35.0B | $7.5B | ||
| Q3 24 | $35.3B | $7.5B | ||
| Q2 24 | $33.8B | $7.3B | ||
| Q1 24 | $33.2B | $7.5B |
负债/权益比AIZCWK
| Q4 25 | — | 1.40× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.96× |
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 | $671.0M | $257.3M |
| 自由现金流经营现金流 - 资本支出 | $611.7M | $234.3M |
| 自由现金流率自由现金流/营收 | 18.3% | 8.0% |
| 资本支出强度资本支出/营收 | 1.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.98× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | $293.0M |
8季度趋势，按日历期对齐
经营现金流AIZCWK
| Q4 25 | $671.0M | $257.3M | ||
| Q3 25 | $505.0M | $235.5M | ||
| Q2 25 | $265.5M | $9.6M | ||
| Q1 25 | $392.4M | $-162.0M | ||
| Q4 24 | $102.8M | $115.2M | ||
| Q3 24 | $436.5M | $196.1M | ||
| Q2 24 | $710.9M | $21.8M | ||
| Q1 24 | $82.5M | $-125.1M |
自由现金流AIZCWK
| Q4 25 | $611.7M | $234.3M | ||
| Q3 25 | $442.1M | $225.0M | ||
| Q2 25 | $205.6M | $300.0K | ||
| Q1 25 | $339.0M | $-166.6M | ||
| Q4 24 | $34.8M | $105.9M | ||
| Q3 24 | $389.4M | $186.7M | ||
| Q2 24 | $655.5M | $10.0M | ||
| Q1 24 | $31.7M | $-135.6M |
自由现金流率AIZCWK
| Q4 25 | 18.3% | 8.0% | ||
| Q3 25 | 13.7% | 8.6% | ||
| Q2 25 | 6.5% | 0.0% | ||
| Q1 25 | 11.0% | -7.3% | ||
| Q4 24 | 1.1% | 4.0% | ||
| Q3 24 | 13.1% | 8.0% | ||
| Q2 24 | 22.4% | 0.4% | ||
| Q1 24 | 1.1% | -6.2% |
资本支出强度AIZCWK
| Q4 25 | 1.8% | 0.8% | ||
| Q3 25 | 1.9% | 0.4% | ||
| Q2 25 | 1.9% | 0.4% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 2.2% | 0.4% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 1.9% | 0.5% | ||
| Q1 24 | 1.8% | 0.5% |
现金转化率AIZCWK
| Q4 25 | 2.98× | — | ||
| Q3 25 | 1.90× | 4.58× | ||
| Q2 25 | 1.13× | 0.17× | ||
| Q1 25 | 2.68× | -85.26× | ||
| Q4 24 | 0.51× | 1.02× | ||
| Q3 24 | 3.26× | 5.82× | ||
| Q2 24 | 3.77× | 1.61× | ||
| Q1 24 | 0.35× | — |
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
AIZ
| Global Lifestyle | $2.6B | 78% |
| Global Housing | $749.1M | 22% |
| Service Contracts And Sales | $34.5M | 1% |
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
