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Assurant（AIZ）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是Assurant的1.2倍（$4.1B vs $3.4B），Assurant净利率更高（6.7% vs 2.7%，领先4.1%），Assurant同比增速更快（7.9% vs -0.9%），惠而浦自由现金流更多（$989.0M vs $611.7M），过去两年Assurant的营收复合增速更高（7.9% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
AIZ vs WHR — 直观对比
营收规模更大
WHR
是对方的1.2倍
$3.4B
营收增速更快
AIZ
高出8.8%
-0.9%
净利率更高
AIZ
高出4.1%
2.7%
自由现金流更多
WHR
多$377.3M
$611.7M
两年增速更快
AIZ
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $4.1B |
| 净利润 | $225.2M | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | 8.5% | 6.0% |
| 净利率 | 6.7% | 2.7% |
| 营收同比 | 7.9% | -0.9% |
| 净利润同比 | 11.9% | 127.8% |
| 每股收益（稀释后） | $4.37 | $1.92 |
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AIZWHR
| Q4 25 | $3.4B | $4.1B | ||
| Q3 25 | $3.2B | $4.0B | ||
| Q2 25 | $3.2B | $3.8B | ||
| Q1 25 | $3.1B | $3.6B | ||
| Q4 24 | $3.1B | $4.1B | ||
| Q3 24 | $3.0B | $4.0B | ||
| Q2 24 | $2.9B | $4.0B | ||
| Q1 24 | $2.9B | $4.5B |
净利润AIZWHR
| Q4 25 | $225.2M | $109.0M | ||
| Q3 25 | $265.6M | $73.0M | ||
| Q2 25 | $235.3M | $65.0M | ||
| Q1 25 | $146.6M | $71.0M | ||
| Q4 24 | $201.3M | $-392.0M | ||
| Q3 24 | $133.8M | $109.0M | ||
| Q2 24 | $188.7M | $219.0M | ||
| Q1 24 | $236.4M | $-259.0M |
毛利率AIZWHR
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 15.7% | ||
| Q1 24 | — | 14.3% |
营业利润率AIZWHR
| Q4 25 | 8.5% | 6.0% | ||
| Q3 25 | 10.2% | 5.1% | ||
| Q2 25 | 9.2% | 5.4% | ||
| Q1 25 | 6.0% | 5.1% | ||
| Q4 24 | 8.1% | -3.3% | ||
| Q3 24 | 5.1% | 6.6% | ||
| Q2 24 | 8.0% | 3.3% | ||
| Q1 24 | 10.2% | -2.6% |
净利率AIZWHR
| Q4 25 | 6.7% | 2.7% | ||
| Q3 25 | 8.2% | 1.8% | ||
| Q2 25 | 7.4% | 1.7% | ||
| Q1 25 | 4.8% | 2.0% | ||
| Q4 24 | 6.5% | -9.5% | ||
| Q3 24 | 4.5% | 2.7% | ||
| Q2 24 | 6.5% | 5.5% | ||
| Q1 24 | 8.2% | -5.8% |
每股收益（稀释后）AIZWHR
| Q4 25 | $4.37 | $1.92 | ||
| Q3 25 | $5.17 | $1.29 | ||
| Q2 25 | $4.56 | $1.17 | ||
| Q1 25 | $2.83 | $1.28 | ||
| Q4 24 | $3.86 | $-7.11 | ||
| Q3 24 | $2.55 | $2.00 | ||
| Q2 24 | $3.58 | $3.96 | ||
| Q1 24 | $4.47 | $-4.72 |
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 | $669.0M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $5.9B | $2.7B |
| 总资产 | $36.3B | $16.0B |
| 负债/权益比越低杠杆越低 | — | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资AIZWHR
| Q4 25 | $1.8B | $669.0M | ||
| Q3 25 | $1.7B | $934.0M | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
总债务AIZWHR
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AIZWHR
| Q4 25 | $5.9B | $2.7B | ||
| Q3 25 | $5.8B | $2.6B | ||
| Q2 25 | $5.5B | $2.6B | ||
| Q1 25 | $5.2B | $2.6B | ||
| Q4 24 | $5.1B | $2.7B | ||
| Q3 24 | $5.3B | $3.0B | ||
| Q2 24 | $5.0B | $3.1B | ||
| Q1 24 | $4.9B | $2.4B |
总资产AIZWHR
| Q4 25 | $36.3B | $16.0B | ||
| Q3 25 | $35.8B | $16.9B | ||
| Q2 25 | $35.5B | $16.8B | ||
| Q1 25 | $35.0B | $16.5B | ||
| Q4 24 | $35.0B | $16.3B | ||
| Q3 24 | $35.3B | $17.2B | ||
| Q2 24 | $33.8B | $17.3B | ||
| Q1 24 | $33.2B | $17.4B |
负债/权益比AIZWHR
| Q4 25 | — | 2.26× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $611.7M | $989.0M |
| 自由现金流率自由现金流/营收 | 18.3% | 24.1% |
| 资本支出强度资本支出/营收 | 1.8% | 3.7% |
| 现金转化率经营现金流/净利润 | 2.98× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $81.0M |
8季度趋势，按日历期对齐
经营现金流AIZWHR
| Q4 25 | $671.0M | $1.1B | ||
| Q3 25 | $505.0M | $33.0M | ||
| Q2 25 | $265.5M | $19.0M | ||
| Q1 25 | $392.4M | $-721.0M | ||
| Q4 24 | $102.8M | $1.1B | ||
| Q3 24 | $436.5M | $214.0M | ||
| Q2 24 | $710.9M | $388.0M | ||
| Q1 24 | $82.5M | $-873.0M |
自由现金流AIZWHR
| Q4 25 | $611.7M | $989.0M | ||
| Q3 25 | $442.1M | $-52.0M | ||
| Q2 25 | $205.6M | $-63.0M | ||
| Q1 25 | $339.0M | $-793.0M | ||
| Q4 24 | $34.8M | $970.0M | ||
| Q3 24 | $389.4M | $127.0M | ||
| Q2 24 | $655.5M | $275.0M | ||
| Q1 24 | $31.7M | $-988.0M |
自由现金流率AIZWHR
| Q4 25 | 18.3% | 24.1% | ||
| Q3 25 | 13.7% | -1.3% | ||
| Q2 25 | 6.5% | -1.7% | ||
| Q1 25 | 11.0% | -21.9% | ||
| Q4 24 | 1.1% | 23.5% | ||
| Q3 24 | 13.1% | 3.2% | ||
| Q2 24 | 22.4% | 6.9% | ||
| Q1 24 | 1.1% | -22.0% |
资本支出强度AIZWHR
| Q4 25 | 1.8% | 3.7% | ||
| Q3 25 | 1.9% | 2.1% | ||
| Q2 25 | 1.9% | 2.2% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 2.2% | 3.3% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 1.9% | 2.8% | ||
| Q1 24 | 1.8% | 2.6% |
现金转化率AIZWHR
| Q4 25 | 2.98× | 10.45× | ||
| Q3 25 | 1.90× | 0.45× | ||
| Q2 25 | 1.13× | 0.29× | ||
| Q1 25 | 2.68× | -10.15× | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 3.26× | 1.96× | ||
| Q2 24 | 3.77× | 1.77× | ||
| 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% |
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
