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AXIS CAPITAL HOLDINGS LTD（AXS）与唐纳森（DCI）财务数据对比。点击上方公司名可切换其他公司
AXIS CAPITAL HOLDINGS LTD的季度营收约是唐纳森的1.9倍（$1.7B vs $935.4M），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 12.2%，领先4.5%），AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs 3.9%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（10.3% vs 3.3%）
AXIS资本控股有限公司是AXIS集团的控股主体，通过百慕大、美国、加拿大、欧洲及新加坡的子公司与分支机构网络，提供各类风险转移产品及服务。保险业务覆盖财产、职业责任、恐怖主义、航运、能源、环境等领域，再保险业务包含财产、职业责任、信用债券等品类。
唐纳森是全球知名的过滤解决方案提供商，主要生产销售适配工商业、航空航天、化工、新能源（风电）、食品饮料、医药等多领域的过滤产品，其位于明尼苏达州明尼阿波利斯的研发部门也参与多项军事应用相关的国防项目。
AXS vs DCI — 直观对比
营收规模更大
AXS
是对方的1.9倍
$935.4M
营收增速更快
AXS
高出13.9%
3.9%
净利率更高
AXS
高出4.5%
12.2%
两年增速更快
AXS
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $935.4M |
| 净利润 | $289.6M | $113.9M |
| 毛利率 | — | 35.2% |
| 营业利润率 | 19.0% | 16.0% |
| 净利率 | 16.7% | 12.2% |
| 营收同比 | 17.8% | 3.9% |
| 净利润同比 | -1.4% | 15.1% |
| 每股收益（稀释后） | $3.63 | $0.97 |
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AXSDCI
| Q4 25 | $1.7B | $935.4M | ||
| Q3 25 | $1.7B | $980.7M | ||
| Q2 25 | $1.6B | $940.1M | ||
| Q1 25 | $1.5B | $870.0M | ||
| Q4 24 | $1.5B | $900.1M | ||
| Q3 24 | $1.6B | $935.4M | ||
| Q2 24 | $1.5B | $927.9M | ||
| Q1 24 | $1.4B | $876.7M |
净利润AXSDCI
| Q4 25 | $289.6M | $113.9M | ||
| Q3 25 | $301.9M | $114.3M | ||
| Q2 25 | $223.4M | $57.8M | ||
| Q1 25 | $194.1M | $95.9M | ||
| Q4 24 | $293.6M | $99.0M | ||
| Q3 24 | $180.7M | $109.7M | ||
| Q2 24 | $212.0M | $113.5M | ||
| Q1 24 | $395.5M | $98.7M |
毛利率AXSDCI
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 34.5% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.2% |
营业利润率AXSDCI
| Q4 25 | 19.0% | 16.0% | ||
| Q3 25 | 22.1% | 15.5% | ||
| Q2 25 | 17.2% | 9.3% | ||
| Q1 25 | 15.5% | 14.4% | ||
| Q4 24 | 18.6% | 14.5% | ||
| Q3 24 | 14.2% | 15.6% | ||
| Q2 24 | 17.4% | 15.5% | ||
| Q1 24 | 19.0% | 14.8% |
净利率AXSDCI
| Q4 25 | 16.7% | 12.2% | ||
| Q3 25 | 18.0% | 11.7% | ||
| Q2 25 | 13.7% | 6.1% | ||
| Q1 25 | 12.8% | 11.0% | ||
| Q4 24 | 20.0% | 11.0% | ||
| Q3 24 | 11.2% | 11.7% | ||
| Q2 24 | 14.6% | 12.2% | ||
| Q1 24 | 27.8% | 11.3% |
每股收益（稀释后）AXSDCI
| Q4 25 | $3.63 | $0.97 | ||
| Q3 25 | $3.74 | $0.97 | ||
| Q2 25 | $2.72 | $0.48 | ||
| Q1 25 | $2.26 | $0.79 | ||
| Q4 24 | $3.38 | $0.81 | ||
| Q3 24 | $2.04 | $0.90 | ||
| Q2 24 | $2.40 | $0.92 | ||
| Q1 24 | $4.53 | $0.81 |
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 | $820.3M | $210.7M |
| 总债务越低越好 | — | $671.5M |
| 股东权益账面价值 | $6.4B | $1.5B |
| 总资产 | $34.5B | $3.0B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资AXSDCI
| Q4 25 | $820.3M | $210.7M | ||
| Q3 25 | $825.9M | $180.4M | ||
| Q2 25 | $852.1M | $178.5M | ||
| Q1 25 | $2.8B | $189.1M | ||
| Q4 24 | $2.1B | $221.2M | ||
| Q3 24 | $981.0M | $232.7M | ||
| Q2 24 | $1.1B | $223.7M | ||
| Q1 24 | $1.1B | $193.8M |
总债务AXSDCI
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $630.4M | ||
| Q2 25 | — | $638.8M | ||
| Q1 25 | — | $514.7M | ||
| Q4 24 | — | $538.6M | ||
| Q3 24 | — | $483.4M | ||
| Q2 24 | — | $481.8M | ||
| Q1 24 | — | $352.0M |
股东权益AXSDCI
| Q4 25 | $6.4B | $1.5B | ||
| Q3 25 | $6.4B | $1.5B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $5.9B | $1.5B | ||
| Q4 24 | $6.1B | $1.5B | ||
| Q3 24 | $6.1B | $1.5B | ||
| Q2 24 | $5.7B | $1.5B | ||
| Q1 24 | $5.5B | $1.4B |
总资产AXSDCI
| Q4 25 | $34.5B | $3.0B | ||
| Q3 25 | $34.3B | $3.0B | ||
| Q2 25 | $34.2B | $3.0B | ||
| Q1 25 | $33.2B | $3.0B | ||
| Q4 24 | $32.5B | $3.0B | ||
| Q3 24 | $32.7B | $2.9B | ||
| Q2 24 | $32.1B | $2.9B | ||
| Q1 24 | $31.8B | $2.8B |
负债/权益比AXSDCI
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.26× |
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 | $630.4M | $125.4M |
| 自由现金流经营现金流 - 资本支出 | — | $111.2M |
| 自由现金流率自由现金流/营收 | — | 11.9% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 2.18× | 1.10× |
| 过去12个月自由现金流最近4个季度 | — | $403.2M |
8季度趋势，按日历期对齐
经营现金流AXSDCI
| Q4 25 | $630.4M | $125.4M | ||
| Q3 25 | $673.8M | $167.8M | ||
| Q2 25 | $-1.7B | $87.7M | ||
| Q1 25 | $309.1M | $90.4M | ||
| Q4 24 | $355.5M | $72.9M | ||
| Q3 24 | $587.0M | $126.0M | ||
| Q2 24 | $518.1M | $141.5M | ||
| Q1 24 | $384.1M | $87.0M |
自由现金流AXSDCI
| Q4 25 | — | $111.2M | ||
| Q3 25 | — | $147.5M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | — | $47.9M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $120.2M | ||
| Q1 24 | — | $65.7M |
自由现金流率AXSDCI
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 7.5% |
资本支出强度AXSDCI
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 2.4% |
现金转化率AXSDCI
| Q4 25 | 2.18× | 1.10× | ||
| Q3 25 | 2.23× | 1.47× | ||
| Q2 25 | -7.41× | 1.52× | ||
| Q1 25 | 1.59× | 0.94× | ||
| Q4 24 | 1.21× | 0.74× | ||
| Q3 24 | 3.25× | 1.15× | ||
| Q2 24 | 2.44× | 1.25× | ||
| Q1 24 | 0.97× | 0.88× |
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
AXS
| Reinsurance | $1.4B | 82% |
| Other | $311.3M | 18% |
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
