vs
Assurant（AIZ）与Restaurant Brands International Inc.（QSR）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Restaurant Brands International Inc.的1.4倍（$3.4B vs $2.5B），Assurant净利率更高（6.7% vs 6.3%，领先0.4%），Assurant同比增速更快（7.9% vs 7.4%），Assurant自由现金流更多（$611.7M vs $453.0M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% 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。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
AIZ vs QSR — 直观对比
营收规模更大
AIZ
是对方的1.4倍
$2.5B
营收增速更快
AIZ
高出0.5%
7.4%
净利率更高
AIZ
高出0.4%
6.3%
自由现金流更多
AIZ
多$158.7M
$453.0M
两年增速更快
QSR
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.5B |
| 净利润 | $225.2M | $155.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.5% | 25.2% |
| 净利率 | 6.7% | 6.3% |
| 营收同比 | 7.9% | 7.4% |
| 净利润同比 | 11.9% | -57.1% |
| 每股收益（稀释后） | $4.37 | $0.33 |
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AIZQSR
| Q4 25 | $3.4B | $2.5B | ||
| Q3 25 | $3.2B | $2.4B | ||
| Q2 25 | $3.2B | $2.4B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $3.0B | $2.3B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $2.9B | $1.7B |
净利润AIZQSR
| Q4 25 | $225.2M | $155.0M | ||
| Q3 25 | $265.6M | $436.0M | ||
| Q2 25 | $235.3M | $263.0M | ||
| Q1 25 | $146.6M | $221.0M | ||
| Q4 24 | $201.3M | $361.0M | ||
| Q3 24 | $133.8M | $357.0M | ||
| Q2 24 | $188.7M | $399.0M | ||
| Q1 24 | $236.4M | $328.0M |
毛利率AIZQSR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 65.2% |
营业利润率AIZQSR
| Q4 25 | 8.5% | 25.2% | ||
| Q3 25 | 10.2% | 27.1% | ||
| Q2 25 | 9.2% | 20.0% | ||
| Q1 25 | 6.0% | 20.6% | ||
| Q4 24 | 8.1% | 27.7% | ||
| Q3 24 | 5.1% | 25.2% | ||
| Q2 24 | 8.0% | 31.9% | ||
| Q1 24 | 10.2% | 31.3% |
净利率AIZQSR
| Q4 25 | 6.7% | 6.3% | ||
| Q3 25 | 8.2% | 17.8% | ||
| Q2 25 | 7.4% | 10.9% | ||
| Q1 25 | 4.8% | 10.5% | ||
| Q4 24 | 6.5% | 15.7% | ||
| Q3 24 | 4.5% | 15.6% | ||
| Q2 24 | 6.5% | 19.2% | ||
| Q1 24 | 8.2% | 18.9% |
每股收益（稀释后）AIZQSR
| Q4 25 | $4.37 | $0.33 | ||
| Q3 25 | $5.17 | $0.96 | ||
| Q2 25 | $4.56 | $0.57 | ||
| Q1 25 | $2.83 | $0.49 | ||
| Q4 24 | $3.86 | $0.79 | ||
| Q3 24 | $2.55 | $0.79 | ||
| Q2 24 | $3.58 | $0.88 | ||
| Q1 24 | $4.47 | $0.72 |
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 | — | $13.3B |
| 股东权益账面价值 | $5.9B | $3.6B |
| 总资产 | $36.3B | $25.6B |
| 负债/权益比越低杠杆越低 | — | 3.65× |
8季度趋势，按日历期对齐
现金及短期投资AIZQSR
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.3B | — |
总债务AIZQSR
| Q4 25 | — | $13.3B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | — | $13.6B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.7B | ||
| Q1 24 | — | $12.9B |
股东权益AIZQSR
| Q4 25 | $5.9B | $3.6B | ||
| Q3 25 | $5.8B | $3.4B | ||
| Q2 25 | $5.5B | $3.3B | ||
| Q1 25 | $5.2B | $3.1B | ||
| Q4 24 | $5.1B | $3.1B | ||
| Q3 24 | $5.3B | $3.2B | ||
| Q2 24 | $5.0B | $3.1B | ||
| Q1 24 | $4.9B | $3.0B |
总资产AIZQSR
| Q4 25 | $36.3B | $25.6B | ||
| Q3 25 | $35.8B | $25.7B | ||
| Q2 25 | $35.5B | $25.7B | ||
| Q1 25 | $35.0B | $24.9B | ||
| Q4 24 | $35.0B | $24.6B | ||
| Q3 24 | $35.3B | $25.1B | ||
| Q2 24 | $33.8B | $24.8B | ||
| Q1 24 | $33.2B | $23.1B |
负债/权益比AIZQSR
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 3.99× | ||
| Q2 25 | — | 4.10× | ||
| Q1 25 | — | 4.37× | ||
| Q4 24 | — | 4.39× | ||
| Q3 24 | — | 4.22× | ||
| Q2 24 | — | 4.46× | ||
| Q1 24 | — | 4.35× |
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 | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $611.7M | $453.0M |
| 自由现金流率自由现金流/营收 | 18.3% | 18.4% |
| 资本支出强度资本支出/营收 | 1.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 2.98× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $1.4B |
8季度趋势，按日历期对齐
经营现金流AIZQSR
| Q4 25 | $671.0M | $555.0M | ||
| Q3 25 | $505.0M | $592.0M | ||
| Q2 25 | $265.5M | $449.0M | ||
| Q1 25 | $392.4M | $118.0M | ||
| Q4 24 | $102.8M | $481.0M | ||
| Q3 24 | $436.5M | $540.0M | ||
| Q2 24 | $710.9M | $334.0M | ||
| Q1 24 | $82.5M | $148.0M |
自由现金流AIZQSR
| Q4 25 | $611.7M | $453.0M | ||
| Q3 25 | $442.1M | $531.0M | ||
| Q2 25 | $205.6M | $411.0M | ||
| Q1 25 | $339.0M | $54.0M | ||
| Q4 24 | $34.8M | $404.0M | ||
| Q3 24 | $389.4M | $485.0M | ||
| Q2 24 | $655.5M | $291.0M | ||
| Q1 24 | $31.7M | $122.0M |
自由现金流率AIZQSR
| Q4 25 | 18.3% | 18.4% | ||
| Q3 25 | 13.7% | 21.7% | ||
| Q2 25 | 6.5% | 17.1% | ||
| Q1 25 | 11.0% | 2.6% | ||
| Q4 24 | 1.1% | 17.6% | ||
| Q3 24 | 13.1% | 21.2% | ||
| Q2 24 | 22.4% | 14.0% | ||
| Q1 24 | 1.1% | 7.0% |
资本支出强度AIZQSR
| Q4 25 | 1.8% | 4.1% | ||
| Q3 25 | 1.9% | 2.5% | ||
| Q2 25 | 1.9% | 1.6% | ||
| Q1 25 | 1.7% | 3.0% | ||
| Q4 24 | 2.2% | 3.4% | ||
| Q3 24 | 1.6% | 2.4% | ||
| Q2 24 | 1.9% | 2.1% | ||
| Q1 24 | 1.8% | 1.5% |
现金转化率AIZQSR
| Q4 25 | 2.98× | 3.58× | ||
| Q3 25 | 1.90× | 1.36× | ||
| Q2 25 | 1.13× | 1.71× | ||
| Q1 25 | 2.68× | 0.53× | ||
| Q4 24 | 0.51× | 1.33× | ||
| Q3 24 | 3.26× | 1.51× | ||
| Q2 24 | 3.77× | 0.84× | ||
| Q1 24 | 0.35× | 0.45× |
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% |
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
