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Assurant（AIZ）与Vulcan Materials Company（VMC）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Vulcan Materials Company的1.8倍（$3.4B vs $1.9B），Vulcan Materials Company净利率更高（13.2% vs 6.7%，领先6.5%），Assurant同比增速更快（7.9% vs 3.2%），Assurant自由现金流更多（$611.7M vs $358.2M），过去两年Vulcan Materials Company的营收复合增速更高（11.2% 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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
AIZ vs VMC — 直观对比
营收规模更大
AIZ
是对方的1.8倍
$1.9B
营收增速更快
AIZ
高出4.7%
3.2%
净利率更高
VMC
高出6.5%
6.7%
自由现金流更多
AIZ
多$253.5M
$358.2M
两年增速更快
VMC
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $1.9B |
| 净利润 | $225.2M | $252.0M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 8.5% | 19.8% |
| 净利率 | 6.7% | 13.2% |
| 营收同比 | 7.9% | 3.2% |
| 净利润同比 | 11.9% | -14.2% |
| 每股收益（稀释后） | $4.37 | $1.90 |
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AIZVMC
| Q4 25 | $3.4B | $1.9B | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.1B | $1.9B | ||
| Q3 24 | $3.0B | $2.0B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $2.9B | $1.5B |
净利润AIZVMC
| Q4 25 | $225.2M | $252.0M | ||
| Q3 25 | $265.6M | $374.9M | ||
| Q2 25 | $235.3M | $320.9M | ||
| Q1 25 | $146.6M | $128.9M | ||
| Q4 24 | $201.3M | $293.6M | ||
| Q3 24 | $133.8M | $207.6M | ||
| Q2 24 | $188.7M | $308.0M | ||
| Q1 24 | $236.4M | $102.7M |
毛利率AIZVMC
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 29.4% | ||
| Q1 24 | — | 19.7% |
营业利润率AIZVMC
| Q4 25 | 8.5% | 19.8% | ||
| Q3 25 | 10.2% | 23.7% | ||
| Q2 25 | 9.2% | 22.4% | ||
| Q1 25 | 6.0% | 13.9% | ||
| Q4 24 | 8.1% | 21.6% | ||
| Q3 24 | 5.1% | 16.8% | ||
| Q2 24 | 8.0% | 22.5% | ||
| Q1 24 | 10.2% | 11.2% |
净利率AIZVMC
| Q4 25 | 6.7% | 13.2% | ||
| Q3 25 | 8.2% | 16.4% | ||
| Q2 25 | 7.4% | 15.3% | ||
| Q1 25 | 4.8% | 7.9% | ||
| Q4 24 | 6.5% | 15.8% | ||
| Q3 24 | 4.5% | 10.4% | ||
| Q2 24 | 6.5% | 15.3% | ||
| Q1 24 | 8.2% | 6.6% |
每股收益（稀释后）AIZVMC
| Q4 25 | $4.37 | $1.90 | ||
| Q3 25 | $5.17 | $2.82 | ||
| Q2 25 | $4.56 | $2.42 | ||
| Q1 25 | $2.83 | $0.97 | ||
| Q4 24 | $3.86 | $2.21 | ||
| Q3 24 | $2.55 | $1.56 | ||
| Q2 24 | $3.58 | $2.31 | ||
| Q1 24 | $4.47 | $0.77 |
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 | $183.3M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $5.9B | $8.5B |
| 总资产 | $36.3B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资AIZVMC
| Q4 25 | $1.8B | $183.3M | ||
| Q3 25 | $1.7B | $191.3M | ||
| Q2 25 | $1.5B | $347.4M | ||
| Q1 25 | $1.7B | $181.3M | ||
| Q4 24 | $1.8B | $559.7M | ||
| Q3 24 | $1.8B | $433.2M | ||
| Q2 24 | $1.7B | $111.0M | ||
| Q1 24 | $1.3B | $292.4M |
总债务AIZVMC
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
股东权益AIZVMC
| Q4 25 | $5.9B | $8.5B | ||
| Q3 25 | $5.8B | $8.7B | ||
| Q2 25 | $5.5B | $8.4B | ||
| Q1 25 | $5.2B | $8.1B | ||
| Q4 24 | $5.1B | $8.1B | ||
| Q3 24 | $5.3B | $7.9B | ||
| Q2 24 | $5.0B | $7.7B | ||
| Q1 24 | $4.9B | $7.5B |
总资产AIZVMC
| Q4 25 | $36.3B | $16.7B | ||
| Q3 25 | $35.8B | $17.0B | ||
| Q2 25 | $35.5B | $17.0B | ||
| Q1 25 | $35.0B | $16.7B | ||
| Q4 24 | $35.0B | $17.1B | ||
| Q3 24 | $35.3B | $14.4B | ||
| Q2 24 | $33.8B | $14.2B | ||
| Q1 24 | $33.2B | $13.9B |
负债/权益比AIZVMC
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $611.7M | $358.2M |
| 自由现金流率自由现金流/营收 | 18.3% | 18.7% |
| 资本支出强度资本支出/营收 | 1.8% | 9.7% |
| 现金转化率经营现金流/净利润 | 2.98× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $1.1B |
8季度趋势，按日历期对齐
经营现金流AIZVMC
| Q4 25 | $671.0M | $543.0M | ||
| Q3 25 | $505.0M | $676.8M | ||
| Q2 25 | $265.5M | $341.7M | ||
| Q1 25 | $392.4M | $251.5M | ||
| Q4 24 | $102.8M | $440.1M | ||
| Q3 24 | $436.5M | $595.0M | ||
| Q2 24 | $710.9M | $201.1M | ||
| Q1 24 | $82.5M | $173.4M |
自由现金流AIZVMC
| Q4 25 | $611.7M | $358.2M | ||
| Q3 25 | $442.1M | $454.8M | ||
| Q2 25 | $205.6M | $238.8M | ||
| Q1 25 | $339.0M | $83.5M | ||
| Q4 24 | $34.8M | $277.6M | ||
| Q3 24 | $389.4M | $498.2M | ||
| Q2 24 | $655.5M | $9.7M | ||
| Q1 24 | $31.7M | $20.6M |
自由现金流率AIZVMC
| Q4 25 | 18.3% | 18.7% | ||
| Q3 25 | 13.7% | 19.8% | ||
| Q2 25 | 6.5% | 11.4% | ||
| Q1 25 | 11.0% | 5.1% | ||
| Q4 24 | 1.1% | 15.0% | ||
| Q3 24 | 13.1% | 24.9% | ||
| Q2 24 | 22.4% | 0.5% | ||
| Q1 24 | 1.1% | 1.3% |
资本支出强度AIZVMC
| Q4 25 | 1.8% | 9.7% | ||
| Q3 25 | 1.9% | 9.7% | ||
| Q2 25 | 1.9% | 4.9% | ||
| Q1 25 | 1.7% | 10.3% | ||
| Q4 24 | 2.2% | 8.8% | ||
| Q3 24 | 1.6% | 4.8% | ||
| Q2 24 | 1.9% | 9.5% | ||
| Q1 24 | 1.8% | 9.9% |
现金转化率AIZVMC
| Q4 25 | 2.98× | 2.15× | ||
| Q3 25 | 1.90× | 1.81× | ||
| Q2 25 | 1.13× | 1.06× | ||
| Q1 25 | 2.68× | 1.95× | ||
| Q4 24 | 0.51× | 1.50× | ||
| Q3 24 | 3.26× | 2.87× | ||
| Q2 24 | 3.77× | 0.65× | ||
| Q1 24 | 0.35× | 1.69× |
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% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
