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AXIS CAPITAL HOLDINGS LTD（AXS）与Hilton Grand Vacations Inc.（HGV）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Hilton Grand Vacations Inc.的1.5倍（$1.7B vs $1.2B），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 4.0%，领先12.7%），AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs 3.7%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（10.3% vs 7.4%）
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。
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
AXS vs HGV — 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
AXS
高出14.1%
3.7%
净利率更高
AXS
高出12.7%
4.0%
两年增速更快
AXS
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $289.6M | $48.0M |
| 毛利率 | — | — |
| 营业利润率 | 19.0% | 7.8% |
| 净利率 | 16.7% | 4.0% |
| 营收同比 | 17.8% | 3.7% |
| 净利润同比 | -1.4% | 140.0% |
| 每股收益（稀释后） | $3.63 | $0.53 |
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AXSHGV
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.0B |
净利润AXSHGV
| Q4 25 | $289.6M | $48.0M | ||
| Q3 25 | $301.9M | $25.0M | ||
| Q2 25 | $223.4M | $25.0M | ||
| Q1 25 | $194.1M | $-17.0M | ||
| Q4 24 | $293.6M | $20.0M | ||
| Q3 24 | $180.7M | $29.0M | ||
| Q2 24 | $212.0M | $2.0M | ||
| Q1 24 | $395.5M | $-4.0M |
营业利润率AXSHGV
| Q4 25 | 19.0% | 7.8% | ||
| Q3 25 | 22.1% | 3.9% | ||
| Q2 25 | 17.2% | 3.8% | ||
| Q1 25 | 15.5% | -0.6% | ||
| Q4 24 | 18.6% | 4.3% | ||
| Q3 24 | 14.2% | 7.9% | ||
| Q2 24 | 17.4% | 0.6% | ||
| Q1 24 | 19.0% | -1.3% |
净利率AXSHGV
| Q4 25 | 16.7% | 4.0% | ||
| Q3 25 | 18.0% | 2.1% | ||
| Q2 25 | 13.7% | 2.2% | ||
| Q1 25 | 12.8% | -1.7% | ||
| Q4 24 | 20.0% | 1.7% | ||
| Q3 24 | 11.2% | 2.5% | ||
| Q2 24 | 14.6% | 0.2% | ||
| Q1 24 | 27.8% | -0.4% |
每股收益（稀释后）AXSHGV
| Q4 25 | $3.63 | $0.53 | ||
| Q3 25 | $3.74 | $0.28 | ||
| Q2 25 | $2.72 | $0.25 | ||
| Q1 25 | $2.26 | $-0.17 | ||
| Q4 24 | $3.38 | $0.19 | ||
| Q3 24 | $2.04 | $0.28 | ||
| Q2 24 | $2.40 | $0.02 | ||
| Q1 24 | $4.53 | $-0.04 |
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 | $239.0M |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $6.4B | $1.3B |
| 总资产 | $34.5B | $11.5B |
| 负债/权益比越低杠杆越低 | — | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资AXSHGV
| Q4 25 | $820.3M | $239.0M | ||
| Q3 25 | $825.9M | $215.0M | ||
| Q2 25 | $852.1M | $269.0M | ||
| Q1 25 | $2.8B | $259.0M | ||
| Q4 24 | $2.1B | $328.0M | ||
| Q3 24 | $981.0M | $297.0M | ||
| Q2 24 | $1.1B | $328.0M | ||
| Q1 24 | $1.1B | $355.0M |
总债务AXSHGV
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $5.1B |
股东权益AXSHGV
| Q4 25 | $6.4B | $1.3B | ||
| Q3 25 | $6.4B | $1.4B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $5.9B | $1.6B | ||
| Q4 24 | $6.1B | $1.8B | ||
| Q3 24 | $6.1B | $1.8B | ||
| Q2 24 | $5.7B | $1.9B | ||
| Q1 24 | $5.5B | $2.0B |
总资产AXSHGV
| Q4 25 | $34.5B | $11.5B | ||
| Q3 25 | $34.3B | $11.7B | ||
| Q2 25 | $34.2B | $11.7B | ||
| Q1 25 | $33.2B | $11.8B | ||
| Q4 24 | $32.5B | $11.4B | ||
| Q3 24 | $32.7B | $11.2B | ||
| Q2 24 | $32.1B | $11.5B | ||
| Q1 24 | $31.8B | $11.7B |
负债/权益比AXSHGV
| Q4 25 | — | 3.53× | ||
| Q3 25 | — | 3.41× | ||
| Q2 25 | — | 3.07× | ||
| Q1 25 | — | 2.83× | ||
| Q4 24 | — | 2.63× | ||
| Q3 24 | — | 2.73× | ||
| Q2 24 | — | 2.55× | ||
| Q1 24 | — | 2.57× |
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 | $167.0M |
| 自由现金流经营现金流 - 资本支出 | — | $147.0M |
| 自由现金流率自由现金流/营收 | — | 12.3% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | 2.18× | 3.48× |
| 过去12个月自由现金流最近4个季度 | — | $230.0M |
8季度趋势，按日历期对齐
经营现金流AXSHGV
| Q4 25 | $630.4M | $167.0M | ||
| Q3 25 | $673.8M | $34.0M | ||
| Q2 25 | $-1.7B | $61.0M | ||
| Q1 25 | $309.1M | $38.0M | ||
| Q4 24 | $355.5M | $105.0M | ||
| Q3 24 | $587.0M | $91.0M | ||
| Q2 24 | $518.1M | $113.0M | ||
| Q1 24 | $384.1M | $0 |
自由现金流AXSHGV
| Q4 25 | — | $147.0M | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | — | $46.0M | ||
| Q1 25 | — | $24.0M | ||
| Q4 24 | — | $90.0M | ||
| Q3 24 | — | $81.0M | ||
| Q2 24 | — | $106.0M | ||
| Q1 24 | — | — |
自由现金流率AXSHGV
| Q4 25 | — | 12.3% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | — |
资本支出强度AXSHGV
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 1.0% |
现金转化率AXSHGV
| Q4 25 | 2.18× | 3.48× | ||
| Q3 25 | 2.23× | 1.36× | ||
| Q2 25 | -7.41× | 2.44× | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.21× | 5.25× | ||
| Q3 24 | 3.25× | 3.14× | ||
| Q2 24 | 2.44× | 56.50× | ||
| Q1 24 | 0.97× | — |
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% |
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Resort Management | $118.0M | 10% |
| Other | $116.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
