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AXIS CAPITAL HOLDINGS LTD（AXS）与Shift4 Payments, Inc.（FOUR）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Shift4 Payments, Inc.的1.5倍（$1.7B vs $1.2B），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 3.4%，领先13.3%），Shift4 Payments, Inc.同比增速更快（34.0% vs 17.8%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 10.3%）
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。
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
AXS vs FOUR — 直观对比
营收规模更大
AXS
是对方的1.5倍
$1.2B
营收增速更快
FOUR
高出16.2%
17.8%
净利率更高
AXS
高出13.3%
3.4%
两年增速更快
FOUR
近两年复合增速
10.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $289.6M | $40.2M |
| 毛利率 | — | — |
| 营业利润率 | 19.0% | 10.8% |
| 净利率 | 16.7% | 3.4% |
| 营收同比 | 17.8% | 34.0% |
| 净利润同比 | -1.4% | -65.3% |
| 每股收益（稀释后） | $3.63 | — |
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AXSFOUR
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $966.2M | ||
| Q1 25 | $1.5B | $848.3M | ||
| Q4 24 | $1.5B | $887.0M | ||
| Q3 24 | $1.6B | $909.2M | ||
| Q2 24 | $1.5B | $827.0M | ||
| Q1 24 | $1.4B | $707.4M |
净利润AXSFOUR
| Q4 25 | $289.6M | $40.2M | ||
| Q3 25 | $301.9M | $28.1M | ||
| Q2 25 | $223.4M | $34.0M | ||
| Q1 25 | $194.1M | $16.7M | ||
| Q4 24 | $293.6M | $116.0M | ||
| Q3 24 | $180.7M | $53.8M | ||
| Q2 24 | $212.0M | $39.2M | ||
| Q1 24 | $395.5M | $20.6M |
营业利润率AXSFOUR
| Q4 25 | 19.0% | 10.8% | ||
| Q3 25 | 22.1% | 9.7% | ||
| Q2 25 | 17.2% | 8.6% | ||
| Q1 25 | 15.5% | 3.0% | ||
| Q4 24 | 18.6% | 9.7% | ||
| Q3 24 | 14.2% | 8.8% | ||
| Q2 24 | 17.4% | 7.2% | ||
| Q1 24 | 19.0% | 3.0% |
净利率AXSFOUR
| Q4 25 | 16.7% | 3.4% | ||
| Q3 25 | 18.0% | 2.4% | ||
| Q2 25 | 13.7% | 3.5% | ||
| Q1 25 | 12.8% | 2.0% | ||
| Q4 24 | 20.0% | 13.1% | ||
| Q3 24 | 11.2% | 5.9% | ||
| Q2 24 | 14.6% | 4.7% | ||
| Q1 24 | 27.8% | 2.9% |
每股收益（稀释后）AXSFOUR
| Q4 25 | $3.63 | — | ||
| Q3 25 | $3.74 | — | ||
| Q2 25 | $2.72 | — | ||
| Q1 25 | $2.26 | — | ||
| Q4 24 | $3.38 | — | ||
| Q3 24 | $2.04 | — | ||
| Q2 24 | $2.40 | — | ||
| Q1 24 | $4.53 | — |
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 | $964.0M |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $6.4B | $1.4B |
| 总资产 | $34.5B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 3.15× |
8季度趋势，按日历期对齐
现金及短期投资AXSFOUR
| Q4 25 | $820.3M | $964.0M | ||
| Q3 25 | $825.9M | $1.5B | ||
| Q2 25 | $852.1M | $3.0B | ||
| Q1 25 | $2.8B | $1.2B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $981.0M | $1.4B | ||
| Q2 24 | $1.1B | $205.0M | ||
| Q1 24 | $1.1B | $522.9M |
总债务AXSFOUR
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AXSFOUR
| Q4 25 | $6.4B | $1.4B | ||
| Q3 25 | $6.4B | $1.7B | ||
| Q2 25 | $6.2B | $1.6B | ||
| Q1 25 | $5.9B | $805.2M | ||
| Q4 24 | $6.1B | $806.6M | ||
| Q3 24 | $6.1B | $811.8M | ||
| Q2 24 | $5.7B | $700.8M | ||
| Q1 24 | $5.5B | $674.5M |
总资产AXSFOUR
| Q4 25 | $34.5B | $8.7B | ||
| Q3 25 | $34.3B | $9.0B | ||
| Q2 25 | $34.2B | $7.0B | ||
| Q1 25 | $33.2B | $5.0B | ||
| Q4 24 | $32.5B | $5.0B | ||
| Q3 24 | $32.7B | $5.0B | ||
| Q2 24 | $32.1B | $3.5B | ||
| Q1 24 | $31.8B | $3.4B |
负债/权益比AXSFOUR
| Q4 25 | — | 3.15× | ||
| Q3 25 | — | 2.83× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 3.53× | ||
| Q4 24 | — | 3.52× | ||
| 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 | $630.4M | $223.7M |
| 自由现金流经营现金流 - 资本支出 | — | $222.5M |
| 自由现金流率自由现金流/营收 | — | 18.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 2.18× | 5.56× |
| 过去12个月自由现金流最近4个季度 | — | $624.0M |
8季度趋势，按日历期对齐
经营现金流AXSFOUR
| Q4 25 | $630.4M | $223.7M | ||
| Q3 25 | $673.8M | $171.8M | ||
| Q2 25 | $-1.7B | $141.9M | ||
| Q1 25 | $309.1M | $96.6M | ||
| Q4 24 | $355.5M | $145.4M | ||
| Q3 24 | $587.0M | $182.1M | ||
| Q2 24 | $518.1M | $116.1M | ||
| Q1 24 | $384.1M | $56.7M |
自由现金流AXSFOUR
| Q4 25 | — | $222.5M | ||
| Q3 25 | — | $165.4M | ||
| Q2 25 | — | $141.0M | ||
| Q1 25 | — | $95.1M | ||
| Q4 24 | — | $143.8M | ||
| Q3 24 | — | $180.1M | ||
| Q2 24 | — | $113.9M | ||
| Q1 24 | — | $55.4M |
自由现金流率AXSFOUR
| Q4 25 | — | 18.7% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 7.8% |
资本支出强度AXSFOUR
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.2% |
现金转化率AXSFOUR
| Q4 25 | 2.18× | 5.56× | ||
| Q3 25 | 2.23× | 6.11× | ||
| Q2 25 | -7.41× | 4.17× | ||
| Q1 25 | 1.59× | 5.78× | ||
| Q4 24 | 1.21× | 1.25× | ||
| Q3 24 | 3.25× | 3.38× | ||
| Q2 24 | 2.44× | 2.96× | ||
| Q1 24 | 0.97× | 2.75× |
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% |
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
