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AXIS CAPITAL HOLDINGS LTD（AXS）与孩之宝（HAS）财务数据对比。点击上方公司名可切换其他公司
AXIS CAPITAL HOLDINGS LTD的季度营收约是孩之宝的1.2倍（$1.7B vs $1.4B），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 13.9%，领先2.8%），孩之宝同比增速更快（31.3% vs 17.8%），过去两年孩之宝的营收复合增速更高（38.2% 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。
孩之宝是1923年12月6日成立的美国跨国玩具制造与娱乐控股企业，总部位于罗德岛州波塔基特。旗下拥有Kenner、米尔顿·布拉德利、派克兄弟、威世智等知名品牌，持有大量热门IP商标权，业务覆盖玩具生产、游戏开发、娱乐内容出品等多个领域。
AXS vs HAS — 直观对比
营收规模更大
AXS
是对方的1.2倍
$1.4B
营收增速更快
HAS
高出13.4%
17.8%
净利率更高
AXS
高出2.8%
13.9%
两年增速更快
HAS
近两年复合增速
10.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $289.6M | $201.6M |
| 毛利率 | — | 68.7% |
| 营业利润率 | 19.0% | 20.6% |
| 净利率 | 16.7% | 13.9% |
| 营收同比 | 17.8% | 31.3% |
| 净利润同比 | -1.4% | 687.8% |
| 每股收益（稀释后） | $3.63 | $1.46 |
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AXSHAS
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.6B | $980.8M | ||
| Q1 25 | $1.5B | $887.1M | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $995.3M | ||
| Q1 24 | $1.4B | $757.3M |
净利润AXSHAS
| Q4 25 | $289.6M | $201.6M | ||
| Q3 25 | $301.9M | $233.2M | ||
| Q2 25 | $223.4M | $-855.8M | ||
| Q1 25 | $194.1M | $98.6M | ||
| Q4 24 | $293.6M | $-34.3M | ||
| Q3 24 | $180.7M | $223.2M | ||
| Q2 24 | $212.0M | $138.5M | ||
| Q1 24 | $395.5M | $58.2M |
毛利率AXSHAS
| Q4 25 | — | 68.7% | ||
| Q3 25 | — | 70.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.9% | ||
| Q4 24 | — | 67.4% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | — | 76.1% | ||
| Q1 24 | — | 73.0% |
营业利润率AXSHAS
| Q4 25 | 19.0% | 20.6% | ||
| Q3 25 | 22.1% | 24.6% | ||
| Q2 25 | 17.2% | -81.4% | ||
| Q1 25 | 15.5% | 19.2% | ||
| Q4 24 | 18.6% | 5.4% | ||
| Q3 24 | 14.2% | 23.6% | ||
| Q2 24 | 17.4% | 21.3% | ||
| Q1 24 | 19.0% | 15.3% |
净利率AXSHAS
| Q4 25 | 16.7% | 13.9% | ||
| Q3 25 | 18.0% | 16.8% | ||
| Q2 25 | 13.7% | -87.3% | ||
| Q1 25 | 12.8% | 11.1% | ||
| Q4 24 | 20.0% | -3.1% | ||
| Q3 24 | 11.2% | 17.4% | ||
| Q2 24 | 14.6% | 13.9% | ||
| Q1 24 | 27.8% | 7.7% |
每股收益（稀释后）AXSHAS
| Q4 25 | $3.63 | $1.46 | ||
| Q3 25 | $3.74 | $1.64 | ||
| Q2 25 | $2.72 | $-6.10 | ||
| Q1 25 | $2.26 | $0.70 | ||
| Q4 24 | $3.38 | $-0.25 | ||
| Q3 24 | $2.04 | $1.59 | ||
| Q2 24 | $2.40 | $0.99 | ||
| Q1 24 | $4.53 | $0.42 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $565.5M |
| 总资产 | $34.5B | $5.6B |
| 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AXSHAS
| Q4 25 | $820.3M | — | ||
| Q3 25 | $825.9M | — | ||
| Q2 25 | $852.1M | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $981.0M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益AXSHAS
| Q4 25 | $6.4B | $565.5M | ||
| Q3 25 | $6.4B | $433.8M | ||
| Q2 25 | $6.2B | $269.7M | ||
| Q1 25 | $5.9B | $1.2B | ||
| Q4 24 | $6.1B | $1.2B | ||
| Q3 24 | $6.1B | $1.3B | ||
| Q2 24 | $5.7B | $1.2B | ||
| Q1 24 | $5.5B | $1.0B |
总资产AXSHAS
| Q4 25 | $34.5B | $5.6B | ||
| Q3 25 | $34.3B | $5.5B | ||
| Q2 25 | $34.2B | $5.2B | ||
| Q1 25 | $33.2B | $6.0B | ||
| Q4 24 | $32.5B | $6.3B | ||
| Q3 24 | $32.7B | $7.2B | ||
| Q2 24 | $32.1B | $6.9B | ||
| Q1 24 | $31.8B | $6.2B |
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 | $403.2M |
| 自由现金流经营现金流 - 资本支出 | — | $389.5M |
| 自由现金流率自由现金流/营收 | — | 26.9% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 2.18× | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $829.9M |
8季度趋势，按日历期对齐
经营现金流AXSHAS
| Q4 25 | $630.4M | $403.2M | ||
| Q3 25 | $673.8M | $280.6M | ||
| Q2 25 | $-1.7B | $71.3M | ||
| Q1 25 | $309.1M | $138.1M | ||
| Q4 24 | $355.5M | $259.8M | ||
| Q3 24 | $587.0M | $222.5M | ||
| Q2 24 | $518.1M | $187.3M | ||
| Q1 24 | $384.1M | $177.8M |
自由现金流AXSHAS
| Q4 25 | — | $389.5M | ||
| Q3 25 | — | $260.9M | ||
| Q2 25 | — | $55.2M | ||
| Q1 25 | — | $124.3M | ||
| Q4 24 | — | $200.8M | ||
| Q3 24 | — | $174.0M | ||
| Q2 24 | — | $135.4M | ||
| Q1 24 | — | $132.0M |
自由现金流率AXSHAS
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 14.0% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 17.4% |
资本支出强度AXSHAS
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 6.0% |
现金转化率AXSHAS
| Q4 25 | 2.18× | 2.00× | ||
| Q3 25 | 2.23× | 1.20× | ||
| Q2 25 | -7.41× | — | ||
| Q1 25 | 1.59× | 1.40× | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 3.25× | 1.00× | ||
| Q2 24 | 2.44× | 1.35× | ||
| Q1 24 | 0.97× | 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
AXS
| Reinsurance | $1.4B | 82% |
| Other | $311.3M | 18% |
HAS
| Grow Brands | $1.1B | 75% |
| Optimize Brands | $188.7M | 13% |
| Digital And Licensing Gaming | $135.7M | 9% |
| Class Of Principal Product Family Brands | $13.1M | 1% |
| Filmand TV | $2.4M | 0% |
