vs
Accelerant Holdings（ARX）与Goosehead Insurance, Inc.（GSHD）财务数据对比。点击上方公司名可切换其他公司
Accelerant Holdings的季度营收约是Goosehead Insurance, Inc.的2.9倍（$267.4M vs $93.1M），Goosehead Insurance, Inc.净利率更高（8.6% vs -511.9%，领先520.5%）
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。
Goosehead Insurance是一家总部位于美国的个人保险代理机构，提供汽车、房屋、租客、洪水等多类保险产品，与数百家保险商合作，为客户定制高性价比的保障方案，同时通过自营网点和全国特许加盟网络开展业务。
ARX vs GSHD — 直观对比
营收规模更大
ARX
是对方的2.9倍
$93.1M
净利率更高
GSHD
高出520.5%
-511.9%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $267.4M | $93.1M |
| 净利润 | $-1.4B | $8.0M |
| 毛利率 | — | — |
| 营业利润率 | -507.7% | 16.1% |
| 净利率 | -511.9% | 8.6% |
| 营收同比 | — | 23.1% |
| 净利润同比 | — | 204.0% |
| 每股收益（稀释后） | $-6.99 | $0.19 |
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ARXGSHD
| Q1 26 | — | $93.1M | ||
| Q4 25 | — | $105.3M | ||
| Q3 25 | $267.4M | $90.4M | ||
| Q2 25 | $219.1M | $94.0M | ||
| Q1 25 | — | $75.6M | ||
| Q4 24 | — | $93.9M | ||
| Q3 24 | — | $78.0M | ||
| Q2 24 | — | $78.1M |
净利润ARXGSHD
| Q1 26 | — | $8.0M | ||
| Q4 25 | — | $12.4M | ||
| Q3 25 | $-1.4B | $7.9M | ||
| Q2 25 | $8.8M | $5.2M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.9M | ||
| Q3 24 | — | $7.6M | ||
| Q2 24 | — | $6.2M |
营业利润率ARXGSHD
| Q1 26 | — | 16.1% | ||
| Q4 25 | — | 29.4% | ||
| Q3 25 | -507.7% | 23.5% | ||
| Q2 25 | 10.2% | 16.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 19.7% |
净利率ARXGSHD
| Q1 26 | — | 8.6% | ||
| Q4 25 | — | 11.8% | ||
| Q3 25 | -511.9% | 8.7% | ||
| Q2 25 | 4.0% | 5.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 7.9% |
每股收益（稀释后）ARXGSHD
| Q1 26 | — | $0.19 | ||
| Q4 25 | — | $0.48 | ||
| Q3 25 | $-6.99 | $0.29 | ||
| Q2 25 | $0.04 | $0.18 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $0.29 | ||
| Q2 24 | — | $0.24 |
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 | $25.7M |
| 总债务越低越好 | $121.9M | — |
| 股东权益账面价值 | $676.1M | $-121.3M |
| 总资产 | $7.9B | $392.8M |
| 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ARXGSHD
| Q1 26 | — | $25.7M | ||
| Q4 25 | — | $34.4M | ||
| Q3 25 | $1.6B | $51.6M | ||
| Q2 25 | $1.4B | $92.4M | ||
| Q1 25 | — | $70.2M | ||
| Q4 24 | — | $54.3M | ||
| Q3 24 | — | $47.5M | ||
| Q2 24 | — | $23.6M |
总债务ARXGSHD
| Q1 26 | — | — | ||
| Q4 25 | — | $289.5M | ||
| Q3 25 | $121.9M | $290.0M | ||
| Q2 25 | $126.7M | $289.8M | ||
| Q1 25 | — | $290.3M | ||
| Q4 24 | — | $82.3M | ||
| Q3 24 | — | $84.6M | ||
| Q2 24 | — | $87.0M |
股东权益ARXGSHD
| Q1 26 | — | $-121.3M | ||
| Q4 25 | — | $-95.5M | ||
| Q3 25 | $676.1M | $-105.0M | ||
| Q2 25 | $346.2M | $-78.6M | ||
| Q1 25 | — | $-88.5M | ||
| Q4 24 | — | $43.9M | ||
| Q3 24 | — | $58.3M | ||
| Q2 24 | — | $39.8M |
总资产ARXGSHD
| Q1 26 | — | $392.8M | ||
| Q4 25 | — | $414.9M | ||
| Q3 25 | $7.9B | $403.6M | ||
| Q2 25 | $7.5B | $436.6M | ||
| Q1 25 | — | $412.6M | ||
| Q4 24 | — | $397.7M | ||
| Q3 24 | — | $358.1M | ||
| Q2 24 | — | $338.2M |
负债/权益比ARXGSHD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.37× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 2.19× |
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 | — |
| 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 | — | — |
| 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ARXGSHD
| Q1 26 | — | — | ||
| Q4 25 | — | $91.8M | ||
| Q3 25 | $73.9M | $24.2M | ||
| Q2 25 | $309.3M | $28.9M | ||
| Q1 25 | — | $15.5M | ||
| Q4 24 | — | $71.5M | ||
| Q3 24 | — | $28.1M | ||
| Q2 24 | — | $18.9M |
自由现金流ARXGSHD
| Q1 26 | — | — | ||
| Q4 25 | — | $86.1M | ||
| Q3 25 | — | $23.7M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | — | $14.9M | ||
| Q4 24 | — | $70.6M | ||
| Q3 24 | — | $28.0M | ||
| Q2 24 | — | $18.6M |
自由现金流率ARXGSHD
| Q1 26 | — | — | ||
| Q4 25 | — | 81.8% | ||
| Q3 25 | — | 26.2% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 19.7% | ||
| Q4 24 | — | 75.1% | ||
| Q3 24 | — | 35.9% | ||
| Q2 24 | — | 23.9% |
资本支出强度ARXGSHD
| Q1 26 | — | — | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% |
现金转化率ARXGSHD
| Q1 26 | — | — | ||
| Q4 25 | — | 7.38× | ||
| Q3 25 | — | 3.06× | ||
| Q2 25 | 35.15× | 5.61× | ||
| Q1 25 | — | 6.61× | ||
| Q4 24 | — | 4.82× | ||
| Q3 24 | — | 3.72× | ||
| Q2 24 | — | 3.05× |
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% |
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
