vs
AXIS CAPITAL HOLDINGS LTD（AXS）与IES Holdings, Inc.（IESC）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IES Holdings, Inc.的2.0倍（$1.7B vs $871.0M），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 10.5%，领先6.2%），AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs 16.2%），过去两年IES Holdings, Inc.的营收复合增速更高（11.1% 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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
AXS vs IESC — 直观对比
营收规模更大
AXS
是对方的2.0倍
$871.0M
营收增速更快
AXS
高出1.6%
16.2%
净利率更高
AXS
高出6.2%
10.5%
两年增速更快
IESC
近两年复合增速
10.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $871.0M |
| 净利润 | $289.6M | $91.8M |
| 毛利率 | — | 25.3% |
| 营业利润率 | 19.0% | 11.2% |
| 净利率 | 16.7% | 10.5% |
| 营收同比 | 17.8% | 16.2% |
| 净利润同比 | -1.4% | 59.1% |
| 每股收益（稀释后） | $3.63 | $4.51 |
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AXSIESC
| Q4 25 | $1.7B | $871.0M | ||
| Q3 25 | $1.7B | $897.8M | ||
| Q2 25 | $1.6B | $890.2M | ||
| Q1 25 | $1.5B | $834.0M | ||
| Q4 24 | $1.5B | $749.5M | ||
| Q3 24 | $1.6B | $775.8M | ||
| Q2 24 | $1.5B | $768.4M | ||
| Q1 24 | $1.4B | $705.7M |
净利润AXSIESC
| Q4 25 | $289.6M | $91.8M | ||
| Q3 25 | $301.9M | $102.3M | ||
| Q2 25 | $223.4M | $79.3M | ||
| Q1 25 | $194.1M | $72.6M | ||
| Q4 24 | $293.6M | $57.7M | ||
| Q3 24 | $180.7M | $65.5M | ||
| Q2 24 | $212.0M | $66.6M | ||
| Q1 24 | $395.5M | $56.8M |
毛利率AXSIESC
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.0% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 24.3% |
营业利润率AXSIESC
| Q4 25 | 19.0% | 11.2% | ||
| Q3 25 | 22.1% | 11.6% | ||
| Q2 25 | 17.2% | 12.6% | ||
| Q1 25 | 15.5% | 11.1% | ||
| Q4 24 | 18.6% | 10.0% | ||
| Q3 24 | 14.2% | 9.7% | ||
| Q2 24 | 17.4% | 11.7% | ||
| Q1 24 | 19.0% | 11.0% |
净利率AXSIESC
| Q4 25 | 16.7% | 10.5% | ||
| Q3 25 | 18.0% | 11.4% | ||
| Q2 25 | 13.7% | 8.9% | ||
| Q1 25 | 12.8% | 8.7% | ||
| Q4 24 | 20.0% | 7.7% | ||
| Q3 24 | 11.2% | 8.4% | ||
| Q2 24 | 14.6% | 8.7% | ||
| Q1 24 | 27.8% | 8.0% |
每股收益（稀释后）AXSIESC
| Q4 25 | $3.63 | $4.51 | ||
| Q3 25 | $3.74 | $4.99 | ||
| Q2 25 | $2.72 | $3.81 | ||
| Q1 25 | $2.26 | $3.50 | ||
| Q4 24 | $3.38 | $2.72 | ||
| Q3 24 | $2.04 | $3.06 | ||
| Q2 24 | $2.40 | $2.67 | ||
| Q1 24 | $4.53 | $2.29 |
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 | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $961.1M |
| 总资产 | $34.5B | $1.7B |
| 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AXSIESC
| Q4 25 | $820.3M | $258.7M | ||
| Q3 25 | $825.9M | $231.8M | ||
| Q2 25 | $852.1M | $168.3M | ||
| Q1 25 | $2.8B | $88.3M | ||
| Q4 24 | $2.1B | $112.0M | ||
| Q3 24 | $981.0M | $135.8M | ||
| Q2 24 | $1.1B | $44.9M | ||
| Q1 24 | $1.1B | $106.0M |
股东权益AXSIESC
| Q4 25 | $6.4B | $961.1M | ||
| Q3 25 | $6.4B | $884.0M | ||
| Q2 25 | $6.2B | $781.4M | ||
| Q1 25 | $5.9B | $705.8M | ||
| Q4 24 | $6.1B | $652.4M | ||
| Q3 24 | $6.1B | $611.1M | ||
| Q2 24 | $5.7B | $567.5M | ||
| Q1 24 | $5.5B | $534.8M |
总资产AXSIESC
| Q4 25 | $34.5B | $1.7B | ||
| Q3 25 | $34.3B | $1.6B | ||
| Q2 25 | $34.2B | $1.5B | ||
| Q1 25 | $33.2B | $1.4B | ||
| Q4 24 | $32.5B | $1.3B | ||
| Q3 24 | $32.7B | $1.2B | ||
| Q2 24 | $32.1B | $1.2B | ||
| Q1 24 | $31.8B | $1.1B |
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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.9M |
| 自由现金流率自由现金流/营收 | — | -2.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | 2.18× | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | $175.9M |
8季度趋势，按日历期对齐
经营现金流AXSIESC
| Q4 25 | $630.4M | $27.7M | ||
| Q3 25 | $673.8M | $132.0M | ||
| Q2 25 | $-1.7B | $92.0M | ||
| Q1 25 | $309.1M | $24.8M | ||
| Q4 24 | $355.5M | $37.3M | ||
| Q3 24 | $587.0M | $92.8M | ||
| Q2 24 | $518.1M | $82.9M | ||
| Q1 24 | $384.1M | $33.7M |
自由现金流AXSIESC
| Q4 25 | — | $-18.9M | ||
| Q3 25 | — | $112.0M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $65.4M | ||
| Q1 24 | — | $26.9M |
自由现金流率AXSIESC
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 3.8% |
资本支出强度AXSIESC
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.0% |
现金转化率AXSIESC
| Q4 25 | 2.18× | 0.30× | ||
| Q3 25 | 2.23× | 1.29× | ||
| Q2 25 | -7.41× | 1.16× | ||
| Q1 25 | 1.59× | 0.34× | ||
| Q4 24 | 1.21× | 0.65× | ||
| Q3 24 | 3.25× | 1.42× | ||
| Q2 24 | 2.44× | 1.24× | ||
| Q1 24 | 0.97× | 0.59× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
