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Accelerant Holdings（ARX）与Equitable Holdings, Inc.（EQH）财务数据对比。点击上方公司名可切换其他公司
Equitable Holdings, Inc.的季度营收约是Accelerant Holdings的12.3倍（$3.3B vs $267.4M）。Equitable Holdings, Inc.净利率更高（6.6% vs -511.9%，领先518.5%）
Accelerant Holdings是一家全球特种保险与再保险科技平台，依托先进数据分析和风险评估工具，为保险公司、总代理及承保合作伙伴提供定制化风险解决方案，优化承保流程，业务覆盖北美及欧洲的商业和特种保险领域。
Equitable Holdings, Inc.是美国领先的金融服务与保险企业，1859年由亨利·鲍德温·海德创立，业务覆盖保险、财富管理等多元金融领域，拥有逾百年发展历史，在全球金融服务市场具备深厚的行业积淀与广泛的客户基础。
ARX vs EQH — 直观对比
营收规模更大
EQH
是对方的12.3倍
$267.4M
净利率更高
EQH
高出518.5%
-511.9%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $267.4M | $3.3B |
| 净利润 | $-1.4B | $215.0M |
| 毛利率 | — | — |
| 营业利润率 | -507.7% | 10.5% |
| 净利率 | -511.9% | 6.6% |
| 营收同比 | — | -9.5% |
| 净利润同比 | — | -76.1% |
| 每股收益（稀释后） | $-6.99 | $0.69 |
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ARXEQH
| Q4 25 | — | $3.3B | ||
| Q3 25 | $267.4M | $1.4B | ||
| Q2 25 | $219.1M | $2.4B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $2.2B |
净利润ARXEQH
| Q4 25 | — | $215.0M | ||
| Q3 25 | $-1.4B | $-1.3B | ||
| Q2 25 | $8.8M | $-349.0M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $899.0M | ||
| Q3 24 | — | $-134.0M | ||
| Q2 24 | — | $428.0M | ||
| Q1 24 | — | $114.0M |
营业利润率ARXEQH
| Q4 25 | — | 10.5% | ||
| Q3 25 | -507.7% | -93.0% | ||
| Q2 25 | 10.2% | -15.4% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | -0.5% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 11.1% |
净利率ARXEQH
| Q4 25 | — | 6.6% | ||
| Q3 25 | -511.9% | -90.3% | ||
| Q2 25 | 4.0% | -14.8% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | -4.4% | ||
| Q2 24 | — | 12.2% | ||
| Q1 24 | — | 5.1% |
每股收益（稀释后）ARXEQH
| Q4 25 | — | $0.69 | ||
| Q3 25 | $-6.99 | $-4.47 | ||
| Q2 25 | $0.04 | $-1.21 | ||
| Q1 25 | — | $0.16 | ||
| Q4 24 | — | $2.72 | ||
| Q3 24 | — | $-0.47 | ||
| Q2 24 | — | $1.23 | ||
| Q1 24 | — | $0.30 |
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 | $1.6B | $12.5B |
| 总债务越低越好 | $121.9M | — |
| 股东权益账面价值 | $676.1M | $-74.0M |
| 总资产 | $7.9B | $318.0B |
| 负债/权益比越低杠杆越低 | 0.18× | — |
8季度趋势，按日历期对齐
现金及短期投资ARXEQH
| Q4 25 | — | $12.5B | ||
| Q3 25 | $1.6B | $13.6B | ||
| Q2 25 | $1.4B | $15.0B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $7.0B | ||
| Q3 24 | — | $9.6B | ||
| Q2 24 | — | $9.7B | ||
| Q1 24 | — | $10.4B |
总债务ARXEQH
| Q4 25 | — | — | ||
| Q3 25 | $121.9M | — | ||
| Q2 25 | $126.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARXEQH
| Q4 25 | — | $-74.0M | ||
| Q3 25 | $676.1M | $148.0M | ||
| Q2 25 | $346.2M | $1.1B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $2.0B |
总资产ARXEQH
| Q4 25 | — | $318.0B | ||
| Q3 25 | $7.9B | $314.4B | ||
| Q2 25 | $7.5B | $303.1B | ||
| Q1 25 | — | $287.4B | ||
| Q4 24 | — | $295.9B | ||
| Q3 24 | — | $299.0B | ||
| Q2 24 | — | $287.8B | ||
| Q1 24 | — | $285.6B |
负债/权益比ARXEQH
| Q4 25 | — | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.37× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $73.9M | $-154.0M |
| 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 | — | -0.72× |
| 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ARXEQH
| Q4 25 | — | $-154.0M | ||
| Q3 25 | $73.9M | $369.0M | ||
| Q2 25 | $309.3M | $341.0M | ||
| Q1 25 | — | $158.0M | ||
| Q4 24 | — | $400.0M | ||
| Q3 24 | — | $683.0M | ||
| Q2 24 | — | $892.0M | ||
| Q1 24 | — | $31.0M |
现金转化率ARXEQH
| Q4 25 | — | -0.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | 35.15× | — | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | — | 0.27× |
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
ARX
| Underwriting Segment | $117.6M | 44% |
| Exchange Services Segment | $85.0M | 32% |
| Other | $64.8M | 24% |
EQH
| Other | $1.5B | 46% |
| Asset Management | $1.2B | 37% |
| Wealth Management | $545.0M | 17% |
