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AXIS CAPITAL HOLDINGS LTD（AXS）与FULLER H B CO（FUL）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FULLER H B CO的1.9倍（$1.7B vs $892.0M），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 7.5%，领先9.2%），AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs -2.8%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（10.3% vs 5.0%）
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。
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
AXS vs FUL — 直观对比
营收规模更大
AXS
是对方的1.9倍
$892.0M
营收增速更快
AXS
高出20.7%
-2.8%
净利率更高
AXS
高出9.2%
7.5%
两年增速更快
AXS
近两年复合增速
5.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $892.0M |
| 净利润 | $289.6M | $67.2M |
| 毛利率 | — | 32.0% |
| 营业利润率 | 19.0% | 12.3% |
| 净利率 | 16.7% | 7.5% |
| 营收同比 | 17.8% | -2.8% |
| 净利润同比 | -1.4% | 21.3% |
| 每股收益（稀释后） | $3.63 | $1.22 |
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AXSFUL
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $892.0M | ||
| Q2 25 | $1.6B | $898.1M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | $917.9M | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | $810.4M |
净利润AXSFUL
| Q4 25 | $289.6M | — | ||
| Q3 25 | $301.9M | $67.2M | ||
| Q2 25 | $223.4M | $41.8M | ||
| Q1 25 | $194.1M | — | ||
| Q4 24 | $293.6M | — | ||
| Q3 24 | $180.7M | $55.4M | ||
| Q2 24 | $212.0M | — | ||
| Q1 24 | $395.5M | $31.0M |
毛利率AXSFUL
| Q4 25 | — | — | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 29.5% |
营业利润率AXSFUL
| Q4 25 | 19.0% | — | ||
| Q3 25 | 22.1% | 12.3% | ||
| Q2 25 | 17.2% | 11.1% | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 14.2% | 11.4% | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 19.0% | 8.3% |
净利率AXSFUL
| Q4 25 | 16.7% | — | ||
| Q3 25 | 18.0% | 7.5% | ||
| Q2 25 | 13.7% | 4.7% | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 11.2% | 6.0% | ||
| Q2 24 | 14.6% | — | ||
| Q1 24 | 27.8% | 3.8% |
每股收益（稀释后）AXSFUL
| Q4 25 | $3.63 | — | ||
| Q3 25 | $3.74 | $1.22 | ||
| Q2 25 | $2.72 | $0.76 | ||
| Q1 25 | $2.26 | — | ||
| Q4 24 | $3.38 | — | ||
| Q3 24 | $2.04 | $0.98 | ||
| Q2 24 | $2.40 | — | ||
| Q1 24 | $4.53 | $0.55 |
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 | $122.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $2.0B |
| 总资产 | $34.5B | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AXSFUL
| Q4 25 | $820.3M | — | ||
| Q3 25 | $825.9M | $122.5M | ||
| Q2 25 | $852.1M | $96.8M | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $981.0M | $131.4M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | $165.2M |
股东权益AXSFUL
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | $2.0B | ||
| Q2 25 | $6.2B | $1.9B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.1B | $1.8B | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.5B | $1.8B |
总资产AXSFUL
| Q4 25 | $34.5B | — | ||
| Q3 25 | $34.3B | $5.2B | ||
| Q2 25 | $34.2B | $5.1B | ||
| Q1 25 | $33.2B | — | ||
| Q4 24 | $32.5B | — | ||
| Q3 24 | $32.7B | $5.0B | ||
| Q2 24 | $32.1B | — | ||
| Q1 24 | $31.8B | $4.7B |
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 | $99.0M |
| 自由现金流经营现金流 - 资本支出 | — | $68.9M |
| 自由现金流率自由现金流/营收 | — | 7.7% |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | 2.18× | 1.47× |
| 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AXSFUL
| Q4 25 | $630.4M | — | ||
| Q3 25 | $673.8M | $99.0M | ||
| Q2 25 | $-1.7B | — | ||
| Q1 25 | $309.1M | — | ||
| Q4 24 | $355.5M | — | ||
| Q3 24 | $587.0M | $169.4M | ||
| Q2 24 | $518.1M | — | ||
| Q1 24 | $384.1M | $47.4M |
自由现金流AXSFUL
| Q4 25 | — | — | ||
| Q3 25 | — | $68.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $99.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $4.1M |
自由现金流率AXSFUL
| Q4 25 | — | — | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.5% |
资本支出强度AXSFUL
| Q4 25 | — | — | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.3% |
现金转化率AXSFUL
| Q4 25 | 2.18× | — | ||
| Q3 25 | 2.23× | 1.47× | ||
| Q2 25 | -7.41× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 3.25× | 3.06× | ||
| Q2 24 | 2.44× | — | ||
| Q1 24 | 0.97× | 1.53× |
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% |
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
