vs
Assurant（AIZ）与皇家加勒比集团（RCL）财务数据对比。点击上方公司名可切换其他公司
皇家加勒比集团的季度营收约是Assurant的1.3倍（$4.5B vs $3.4B），皇家加勒比集团净利率更高（21.3% vs 6.7%，领先14.6%），皇家加勒比集团同比增速更快（11.3% vs 7.9%），过去两年Assurant的营收复合增速更高（7.9% vs 4.1%）
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。
皇家加勒比集团前身为皇家加勒比邮轮有限公司，是仅次于嘉年华公司的全球第二大邮轮运营商。集团总部位于美国佛罗里达州迈阿密，在利比里亚注册，目前全资拥有皇家加勒比国际游轮、名人邮轮、银海邮轮三大品牌，还持有途易邮轮50%的股份。
AIZ vs RCL — 直观对比
营收规模更大
RCL
是对方的1.3倍
$3.4B
营收增速更快
RCL
高出3.4%
7.9%
净利率更高
RCL
高出14.6%
6.7%
两年增速更快
AIZ
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $4.5B |
| 净利润 | $225.2M | $950.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.5% | 26.1% |
| 净利率 | 6.7% | 21.3% |
| 营收同比 | 7.9% | 11.3% |
| 净利润同比 | 11.9% | 29.1% |
| 每股收益（稀释后） | $4.37 | $3.48 |
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AIZRCL
| Q1 26 | — | $4.5B | ||
| Q4 25 | $3.4B | $4.3B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.1B | $4.0B | ||
| Q4 24 | $3.1B | $3.8B | ||
| Q3 24 | $3.0B | $4.9B | ||
| Q2 24 | $2.9B | $4.1B |
净利润AIZRCL
| Q1 26 | — | $950.0M | ||
| Q4 25 | $225.2M | $753.0M | ||
| Q3 25 | $265.6M | $1.6B | ||
| Q2 25 | $235.3M | $1.2B | ||
| Q1 25 | $146.6M | $730.0M | ||
| Q4 24 | $201.3M | $552.0M | ||
| Q3 24 | $133.8M | $1.1B | ||
| Q2 24 | $188.7M | $854.0M |
毛利率AIZRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
营业利润率AIZRCL
| Q1 26 | — | 26.1% | ||
| Q4 25 | 8.5% | 21.9% | ||
| Q3 25 | 10.2% | 33.1% | ||
| Q2 25 | 9.2% | 29.3% | ||
| Q1 25 | 6.0% | 23.6% | ||
| Q4 24 | 8.1% | 16.6% | ||
| Q3 24 | 5.1% | 33.4% | ||
| Q2 24 | 8.0% | 26.7% |
净利率AIZRCL
| Q1 26 | — | 21.3% | ||
| Q4 25 | 6.7% | 17.7% | ||
| Q3 25 | 8.2% | 30.6% | ||
| Q2 25 | 7.4% | 26.7% | ||
| Q1 25 | 4.8% | 18.3% | ||
| Q4 24 | 6.5% | 14.7% | ||
| Q3 24 | 4.5% | 22.7% | ||
| Q2 24 | 6.5% | 20.8% |
每股收益（稀释后）AIZRCL
| Q1 26 | — | $3.48 | ||
| Q4 25 | $4.37 | $2.76 | ||
| Q3 25 | $5.17 | $5.74 | ||
| Q2 25 | $4.56 | $4.41 | ||
| Q1 25 | $2.83 | $2.70 | ||
| Q4 24 | $3.86 | $2.27 | ||
| Q3 24 | $2.55 | $4.21 | ||
| Q2 24 | $3.58 | $3.11 |
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 | $512.0M |
| 总债务越低越好 | — | $21.1B |
| 股东权益账面价值 | $5.9B | $10.0B |
| 总资产 | $36.3B | $42.0B |
| 负债/权益比越低杠杆越低 | — | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资AIZRCL
| Q1 26 | — | $512.0M | ||
| Q4 25 | $1.8B | $825.0M | ||
| Q3 25 | $1.7B | $432.0M | ||
| Q2 25 | $1.5B | $735.0M | ||
| Q1 25 | $1.7B | $386.0M | ||
| Q4 24 | $1.8B | $388.0M | ||
| Q3 24 | $1.8B | $418.0M | ||
| Q2 24 | $1.7B | $391.0M |
总债务AIZRCL
| Q1 26 | — | $21.1B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益AIZRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $5.9B | $10.0B | ||
| Q3 25 | $5.8B | $10.1B | ||
| Q2 25 | $5.5B | $9.2B | ||
| Q1 25 | $5.2B | $8.0B | ||
| Q4 24 | $5.1B | $7.6B | ||
| Q3 24 | $5.3B | $7.0B | ||
| Q2 24 | $5.0B | $6.0B |
总资产AIZRCL
| Q1 26 | — | $42.0B | ||
| Q4 25 | $36.3B | $41.6B | ||
| Q3 25 | $35.8B | $40.1B | ||
| Q2 25 | $35.5B | $38.5B | ||
| Q1 25 | $35.0B | $37.5B | ||
| Q4 24 | $35.0B | $37.1B | ||
| Q3 24 | $35.3B | $37.1B | ||
| Q2 24 | $33.8B | $37.0B |
负债/权益比AIZRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
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 | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $611.7M | — |
| 自由现金流率自由现金流/营收 | 18.3% | — |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 现金转化率经营现金流/净利润 | 2.98× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流AIZRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $671.0M | $1.6B | ||
| Q3 25 | $505.0M | $1.5B | ||
| Q2 25 | $265.5M | $1.7B | ||
| Q1 25 | $392.4M | $1.6B | ||
| Q4 24 | $102.8M | $1.5B | ||
| Q3 24 | $436.5M | $897.0M | ||
| Q2 24 | $710.9M | $1.6B |
自由现金流AIZRCL
| Q1 26 | — | — | ||
| Q4 25 | $611.7M | $116.0M | ||
| Q3 25 | $442.1M | $-989.0M | ||
| Q2 25 | $205.6M | $910.0M | ||
| Q1 25 | $339.0M | $1.2B | ||
| Q4 24 | $34.8M | $915.0M | ||
| Q3 24 | $389.4M | $563.0M | ||
| Q2 24 | $655.5M | $-567.0M |
自由现金流率AIZRCL
| Q1 26 | — | — | ||
| Q4 25 | 18.3% | 2.7% | ||
| Q3 25 | 13.7% | -19.2% | ||
| Q2 25 | 6.5% | 20.1% | ||
| Q1 25 | 11.0% | 30.0% | ||
| Q4 24 | 1.1% | 24.3% | ||
| Q3 24 | 13.1% | 11.5% | ||
| Q2 24 | 22.4% | -13.8% |
资本支出强度AIZRCL
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 35.4% | ||
| Q3 25 | 1.9% | 47.8% | ||
| Q2 25 | 1.9% | 18.4% | ||
| Q1 25 | 1.7% | 10.7% | ||
| Q4 24 | 2.2% | 14.7% | ||
| Q3 24 | 1.6% | 6.8% | ||
| Q2 24 | 1.9% | 52.1% |
现金转化率AIZRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 2.98× | 2.16× | ||
| Q3 25 | 1.90× | 0.93× | ||
| Q2 25 | 1.13× | 1.44× | ||
| Q1 25 | 2.68× | 2.23× | ||
| Q4 24 | 0.51× | 2.66× | ||
| Q3 24 | 3.26× | 0.81× | ||
| Q2 24 | 3.77× | 1.84× |
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% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
