vs
Assurant（AIZ）与Steel Dynamics（STLD）财务数据对比。点击上方公司名可切换其他公司
Steel Dynamics的季度营收约是Assurant的1.6倍（$5.2B vs $3.4B），Steel Dynamics净利率更高（7.7% vs 6.7%，领先1.0%），Steel Dynamics同比增速更快（17.9% vs 7.9%），过去两年Assurant的营收复合增速更高（7.9% vs 6.0%）
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。
Steel Dynamics是总部位于美国印第安纳州韦恩堡的钢铁生产企业，钢铁产能达1300万吨，为美国第三大碳钢产品生产商，按利润率及每吨运营利润率计算属于美国盈利能力最强的钢企之一，凭借2021年营收位列2022年财富美国500强第196位。
AIZ vs STLD — 直观对比
营收规模更大
STLD
是对方的1.6倍
$3.4B
营收增速更快
STLD
高出10.0%
7.9%
净利率更高
STLD
高出1.0%
6.7%
两年增速更快
AIZ
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $5.2B |
| 净利润 | $225.2M | $400.1M |
| 毛利率 | — | 14.7% |
| 营业利润率 | 8.5% | 10.3% |
| 净利率 | 6.7% | 7.7% |
| 营收同比 | 7.9% | 17.9% |
| 净利润同比 | 11.9% | 51.3% |
| 每股收益（稀释后） | $4.37 | $2.78 |
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AIZSTLD
| Q1 26 | — | $5.2B | ||
| Q4 25 | $3.4B | $4.4B | ||
| Q3 25 | $3.2B | $4.8B | ||
| Q2 25 | $3.2B | $4.6B | ||
| Q1 25 | $3.1B | $4.4B | ||
| Q4 24 | $3.1B | $3.9B | ||
| Q3 24 | $3.0B | $4.3B | ||
| Q2 24 | $2.9B | $4.6B |
净利润AIZSTLD
| Q1 26 | — | $400.1M | ||
| Q4 25 | $225.2M | $266.0M | ||
| Q3 25 | $265.6M | $403.7M | ||
| Q2 25 | $235.3M | $298.7M | ||
| Q1 25 | $146.6M | $217.2M | ||
| Q4 24 | $201.3M | $207.3M | ||
| Q3 24 | $133.8M | $317.8M | ||
| Q2 24 | $188.7M | $428.0M |
毛利率AIZSTLD
| Q1 26 | — | 14.7% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 16.7% |
营业利润率AIZSTLD
| Q1 26 | — | 10.3% | ||
| Q4 25 | 8.5% | 7.0% | ||
| Q3 25 | 10.2% | 10.5% | ||
| Q2 25 | 9.2% | 8.4% | ||
| Q1 25 | 6.0% | 6.3% | ||
| Q4 24 | 8.1% | 6.1% | ||
| Q3 24 | 5.1% | 9.1% | ||
| Q2 24 | 8.0% | 12.1% |
净利率AIZSTLD
| Q1 26 | — | 7.7% | ||
| Q4 25 | 6.7% | 6.0% | ||
| Q3 25 | 8.2% | 8.4% | ||
| Q2 25 | 7.4% | 6.5% | ||
| Q1 25 | 4.8% | 5.0% | ||
| Q4 24 | 6.5% | 5.4% | ||
| Q3 24 | 4.5% | 7.3% | ||
| Q2 24 | 6.5% | 9.2% |
每股收益（稀释后）AIZSTLD
| Q1 26 | — | $2.78 | ||
| Q4 25 | $4.37 | $1.80 | ||
| Q3 25 | $5.17 | $2.74 | ||
| Q2 25 | $4.56 | $2.01 | ||
| Q1 25 | $2.83 | $1.44 | ||
| Q4 24 | $3.86 | $1.40 | ||
| Q3 24 | $2.55 | $2.05 | ||
| Q2 24 | $3.58 | $2.72 |
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 | $556.5M |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $5.9B | $9.0B |
| 总资产 | $36.3B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资AIZSTLD
| Q1 26 | — | $556.5M | ||
| Q4 25 | $1.8B | $769.9M | ||
| Q3 25 | $1.7B | $770.4M | ||
| Q2 25 | $1.5B | $497.6M | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.8B | $737.3M | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.7B | $1.2B |
总债务AIZSTLD
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.1B |
股东权益AIZSTLD
| Q1 26 | — | $9.0B | ||
| Q4 25 | $5.9B | $9.0B | ||
| Q3 25 | $5.8B | $9.0B | ||
| Q2 25 | $5.5B | $8.9B | ||
| Q1 25 | $5.2B | $8.8B | ||
| Q4 24 | $5.1B | $8.9B | ||
| Q3 24 | $5.3B | $9.1B | ||
| Q2 24 | $5.0B | $9.1B |
总资产AIZSTLD
| Q1 26 | — | $16.7B | ||
| Q4 25 | $36.3B | $16.4B | ||
| Q3 25 | $35.8B | $16.0B | ||
| Q2 25 | $35.5B | $15.5B | ||
| Q1 25 | $35.0B | $15.9B | ||
| Q4 24 | $35.0B | $14.9B | ||
| Q3 24 | $35.3B | $15.7B | ||
| Q2 24 | $33.8B | $15.1B |
负债/权益比AIZSTLD
| Q1 26 | — | 0.47× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.41× | ||
| Q2 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 | $671.0M | $148.3M |
| 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× | 0.37× |
| 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AIZSTLD
| Q1 26 | — | $148.3M | ||
| Q4 25 | $671.0M | $272.7M | ||
| Q3 25 | $505.0M | $722.6M | ||
| Q2 25 | $265.5M | $301.6M | ||
| Q1 25 | $392.4M | $152.6M | ||
| Q4 24 | $102.8M | $346.9M | ||
| Q3 24 | $436.5M | $759.9M | ||
| Q2 24 | $710.9M | $382.6M |
自由现金流AIZSTLD
| Q1 26 | — | — | ||
| Q4 25 | $611.7M | $84.2M | ||
| Q3 25 | $442.1M | $556.9M | ||
| Q2 25 | $205.6M | $13.3M | ||
| Q1 25 | $339.0M | $-152.9M | ||
| Q4 24 | $34.8M | $-106.3M | ||
| Q3 24 | $389.4M | $138.5M | ||
| Q2 24 | $655.5M | $-36.6M |
自由现金流率AIZSTLD
| Q1 26 | — | — | ||
| Q4 25 | 18.3% | 1.9% | ||
| Q3 25 | 13.7% | 11.5% | ||
| Q2 25 | 6.5% | 0.3% | ||
| Q1 25 | 11.0% | -3.5% | ||
| Q4 24 | 1.1% | -2.7% | ||
| Q3 24 | 13.1% | 3.2% | ||
| Q2 24 | 22.4% | -0.8% |
资本支出强度AIZSTLD
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 4.3% | ||
| Q3 25 | 1.9% | 3.4% | ||
| Q2 25 | 1.9% | 6.3% | ||
| Q1 25 | 1.7% | 7.0% | ||
| Q4 24 | 2.2% | 11.7% | ||
| Q3 24 | 1.6% | 14.3% | ||
| Q2 24 | 1.9% | 9.0% |
现金转化率AIZSTLD
| Q1 26 | — | 0.37× | ||
| Q4 25 | 2.98× | 1.03× | ||
| Q3 25 | 1.90× | 1.79× | ||
| Q2 25 | 1.13× | 1.01× | ||
| Q1 25 | 2.68× | 0.70× | ||
| Q4 24 | 0.51× | 1.67× | ||
| Q3 24 | 3.26× | 2.39× | ||
| Q2 24 | 3.77× | 0.89× |
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% |
STLD
| Steel | $3.5B | 68% |
| Metals Recycling | $593.2M | 11% |
| Other | $490.1M | 9% |
| Steel Fabrication | $355.4M | 7% |
| Aluminum | $227.4M | 4% |
