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ATI INC（ATI）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是ATI INC的1.9倍（$2.2B vs $1.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 8.2%，领先15.3%），ATI INC同比增速更快（0.4% vs -36.8%），过去两年ATI INC的营收复合增速更高（6.2% vs -11.9%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
ATI vs RNR — 直观对比
营收规模更大
RNR
是对方的1.9倍
$1.2B
营收增速更快
ATI
高出37.1%
-36.8%
净利率更高
RNR
高出15.3%
8.2%
两年增速更快
ATI
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | $96.6M | $515.8M |
| 毛利率 | 23.2% | — |
| 营业利润率 | 14.5% | — |
| 净利率 | 8.2% | 23.5% |
| 营收同比 | 0.4% | -36.8% |
| 净利润同比 | -29.5% | 72.6% |
| 每股收益（稀释后） | $0.70 | $6.57 |
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ATIRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.2B | $3.0B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.1B | $3.2B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.1B | $4.0B | ||
| Q2 24 | $1.1B | $2.8B |
净利润ATIRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $96.6M | $760.5M | ||
| Q3 25 | $110.0M | $916.5M | ||
| Q2 25 | $100.7M | $835.4M | ||
| Q1 25 | $97.0M | $170.0M | ||
| Q4 24 | $137.1M | $-189.7M | ||
| Q3 24 | $82.7M | $1.2B | ||
| Q2 24 | $81.9M | $503.9M |
毛利率ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | 23.2% | — | ||
| Q3 25 | 22.7% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 21.2% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 20.8% | — |
营业利润率ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | 42.5% | ||
| Q3 25 | 14.4% | 46.3% | ||
| Q2 25 | 14.1% | 41.8% | ||
| Q1 25 | 12.8% | -2.0% | ||
| Q4 24 | 17.8% | -3.6% | ||
| Q3 24 | 13.5% | 43.7% | ||
| Q2 24 | 13.0% | 25.0% |
净利率ATIRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 8.2% | 25.6% | ||
| Q3 25 | 9.8% | 28.7% | ||
| Q2 25 | 8.8% | 26.1% | ||
| Q1 25 | 8.5% | 4.9% | ||
| Q4 24 | 11.7% | -8.3% | ||
| Q3 24 | 7.9% | 29.8% | ||
| Q2 24 | 7.5% | 17.8% |
每股收益（稀释后）ATIRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.70 | $16.16 | ||
| Q3 25 | $0.78 | $19.40 | ||
| Q2 25 | $0.70 | $17.20 | ||
| Q1 25 | $0.67 | $3.27 | ||
| Q4 24 | $0.94 | $-3.76 | ||
| Q3 24 | $0.57 | $22.62 | ||
| Q2 24 | $0.58 | $9.41 |
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 | $416.7M | $1.6B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.8B | $4.3B |
| 总资产 | $5.1B | $53.7B |
| 负债/权益比越低杠杆越低 | 0.95× | — |
8季度趋势，按日历期对齐
现金及短期投资ATIRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $416.7M | $1.7B | ||
| Q3 25 | $372.2M | $1.7B | ||
| Q2 25 | $319.6M | $1.4B | ||
| Q1 25 | $475.8M | $1.6B | ||
| Q4 24 | $721.2M | $1.7B | ||
| Q3 24 | $406.6M | $1.6B | ||
| Q2 24 | $425.6M | $1.6B |
总债务ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.8B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $1.9B | $1.9B | ||
| Q2 24 | $1.9B | $2.0B |
股东权益ATIRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $1.8B | $11.6B | ||
| Q3 25 | $1.7B | $11.5B | ||
| Q2 25 | $1.7B | $10.8B | ||
| Q1 25 | $1.9B | $10.3B | ||
| Q4 24 | $1.9B | $10.6B | ||
| Q3 24 | $1.8B | $11.2B | ||
| Q2 24 | $1.4B | $10.2B |
总资产ATIRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $5.1B | $53.8B | ||
| Q3 25 | $5.0B | $54.5B | ||
| Q2 25 | $5.0B | $54.7B | ||
| Q1 25 | $5.2B | $53.6B | ||
| Q4 24 | $5.2B | $50.7B | ||
| Q3 24 | $5.1B | $52.8B | ||
| Q2 24 | $4.9B | $51.6B |
负债/权益比ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.95× | 0.20× | ||
| Q3 25 | 1.00× | 0.19× | ||
| Q2 25 | 0.98× | 0.21× | ||
| Q1 25 | 0.91× | 0.27× | ||
| Q4 24 | 0.93× | 0.18× | ||
| Q3 24 | 1.04× | 0.17× | ||
| Q2 24 | 1.37× | 0.19× |
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 | $315.8M | — |
| 自由现金流经营现金流 - 资本支出 | $223.1M | — |
| 自由现金流率自由现金流/营收 | 19.0% | — |
| 资本支出强度资本支出/营收 | 7.9% | — |
| 现金转化率经营现金流/净利润 | 3.27× | — |
| 过去12个月自由现金流最近4个季度 | $333.7M | — |
8季度趋势，按日历期对齐
经营现金流ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | $315.8M | $483.0M | ||
| Q3 25 | $229.5M | $1.6B | ||
| Q2 25 | $161.5M | $1.5B | ||
| Q1 25 | $-92.5M | $157.8M | ||
| Q4 24 | $380.9M | $778.9M | ||
| Q3 24 | $24.0M | $1.5B | ||
| Q2 24 | $101.1M | $1.2B |
自由现金流ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | $223.1M | — | ||
| Q3 25 | $167.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $-145.8M | — | ||
| Q4 24 | $333.6M | — | ||
| Q3 24 | $-41.8M | — | ||
| Q2 24 | $40.9M | — |
自由现金流率ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | -12.7% | — | ||
| Q4 24 | 28.4% | — | ||
| Q3 24 | -4.0% | — | ||
| Q2 24 | 3.7% | — |
资本支出强度ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 5.5% | — |
现金转化率ATIRNR
| Q1 26 | — | — | ||
| Q4 25 | 3.27× | 0.64× | ||
| Q3 25 | 2.09× | 1.73× | ||
| Q2 25 | 1.60× | 1.76× | ||
| Q1 25 | -0.95× | 0.93× | ||
| Q4 24 | 2.78× | — | ||
| Q3 24 | 0.29× | 1.26× | ||
| Q2 24 | 1.23× | 2.41× |
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
ATI
| Other | $527.1M | 45% |
| Advanced Alloys Solutions | $333.5M | 28% |
| Airframes Commercial | $82.0M | 7% |
| Defense | $73.7M | 6% |
| Electronics Market | $53.1M | 5% |
| Internal Customers | $50.9M | 4% |
| Specialty Energy | $29.3M | 2% |
| Medical Market | $12.2M | 1% |
| Construction Mining Market | $7.2M | 1% |
| Other Market | $5.6M | 0% |
| Conventional Energy | $1.9M | 0% |
| Automotive Market | $600.0K | 0% |
RNR
暂无分部数据
