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爱尔康（ALC）与WHITE MOUNTAINS INSURANCE GROUP LTD（WTM）财务数据对比。点击上方公司名可切换其他公司
爱尔康的季度营收约是WHITE MOUNTAINS INSURANCE GROUP LTD的1.6倍（$2.6B vs $1.6B），WHITE MOUNTAINS INSURANCE GROUP LTD净利率更高（52.1% vs 6.8%，领先45.3%），WHITE MOUNTAINS INSURANCE GROUP LTD同比增速更快（348.0% vs 4.0%）
爱尔康是瑞美合资的制药及医疗器械企业，专注于眼健康护理产品领域。公司注册地为瑞士弗里堡州，全球总部设于日内瓦，核心运营基地位于美国得克萨斯州沃思堡，当地员工规模约4500人。
怀特山保险集团是一家多元化保险及相关金融服务控股企业，总部位于百慕大汉密尔顿，1999年10月25日从美国特拉华州迁册至当前注册地，大部分业务通过旗下保险子公司及其他关联机构开展，覆盖多个保险及金融服务细分赛道。
ALC vs WTM — 直观对比
营收规模更大
ALC
是对方的1.6倍
$1.6B
营收增速更快
WTM
高出344.0%
4.0%
净利率更高
WTM
高出45.3%
6.8%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.6B |
| 净利润 | $176.0M | $835.8M |
| 毛利率 | 53.5% | 97.1% |
| 营业利润率 | 9.5% | 56.2% |
| 净利率 | 6.8% | 52.1% |
| 营收同比 | 4.0% | 348.0% |
| 净利润同比 | -21.1% | 741.0% |
| 每股收益（稀释后） | $0.35 | $325.02 |
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ALCWTM
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $864.2M | ||
| Q2 25 | $2.6B | $689.2M | ||
| Q1 25 | — | $577.8M | ||
| Q4 24 | — | $358.0M | ||
| Q3 24 | — | $839.1M | ||
| Q2 24 | $2.5B | $395.4M | ||
| Q1 24 | — | $647.3M |
净利润ALCWTM
| Q4 25 | — | $835.8M | ||
| Q3 25 | — | $113.8M | ||
| Q2 25 | $176.0M | $122.9M | ||
| Q1 25 | — | $33.9M | ||
| Q4 24 | — | $-130.4M | ||
| Q3 24 | — | $179.0M | ||
| Q2 24 | $223.0M | $-54.6M | ||
| Q1 24 | — | $236.4M |
毛利率ALCWTM
| Q4 25 | — | 97.1% | ||
| Q3 25 | — | 93.6% | ||
| Q2 25 | 53.5% | 93.8% | ||
| Q1 25 | — | 98.7% | ||
| Q4 24 | — | 97.9% | ||
| Q3 24 | — | 99.1% | ||
| Q2 24 | 55.0% | 98.2% | ||
| Q1 24 | — | 98.8% |
营业利润率ALCWTM
| Q4 25 | — | 56.2% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | 9.5% | 25.6% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | -33.7% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | 12.7% | -8.8% | ||
| Q1 24 | — | 35.9% |
净利率ALCWTM
| Q4 25 | — | 52.1% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | 6.8% | 17.8% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | -36.4% | ||
| Q3 24 | — | 21.3% | ||
| Q2 24 | 8.9% | -13.8% | ||
| Q1 24 | — | 36.5% |
每股收益（稀释后）ALCWTM
| Q4 25 | — | $325.02 | ||
| Q3 25 | — | $44.18 | ||
| Q2 25 | $0.35 | $47.75 | ||
| Q1 25 | — | $13.19 | ||
| Q4 24 | — | $-50.98 | ||
| Q3 24 | — | $69.68 | ||
| Q2 24 | $0.45 | $-21.24 | ||
| Q1 24 | — | $92.33 |
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 | $1.4B | — |
| 总债务越低越好 | — | $837.0M |
| 股东权益账面价值 | $22.1B | $5.4B |
| 总资产 | $31.4B | $12.3B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资ALCWTM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | — | — |
总债务ALCWTM
| Q4 25 | — | $837.0M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $694.6M | ||
| Q1 25 | — | $676.1M | ||
| Q4 24 | — | $562.5M | ||
| Q3 24 | — | $544.9M | ||
| Q2 24 | — | $530.2M | ||
| Q1 24 | — | $532.1M |
股东权益ALCWTM
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $22.1B | $4.6B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | $20.9B | $4.4B | ||
| Q1 24 | — | $4.5B |
总资产ALCWTM
| Q4 25 | — | $12.3B | ||
| Q3 25 | — | $12.3B | ||
| Q2 25 | $31.4B | $11.8B | ||
| Q1 25 | — | $11.0B | ||
| Q4 24 | — | $9.9B | ||
| Q3 24 | — | $10.3B | ||
| Q2 24 | $29.7B | $10.2B | ||
| Q1 24 | — | $9.6B |
负债/权益比ALCWTM
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | — | $53.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 0.06× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ALCWTM
| Q4 25 | — | $53.9M | ||
| Q3 25 | — | $359.3M | ||
| Q2 25 | — | $177.5M | ||
| Q1 25 | — | $-40.2M | ||
| Q4 24 | — | $64.1M | ||
| Q3 24 | — | $269.4M | ||
| Q2 24 | — | $216.8M | ||
| Q1 24 | — | $36.5M |
现金转化率ALCWTM
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | -1.19× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.15× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
