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AXIS CAPITAL HOLDINGS LTD（AXS）与直觉外科（ISRG）财务数据对比。点击上方公司名可切换其他公司
直觉外科的季度营收约是AXIS CAPITAL HOLDINGS LTD的1.6倍（$2.8B vs $1.7B），直觉外科净利率更高（29.8% vs 16.7%，领先13.1%），直觉外科同比增速更快（23.0% vs 17.8%），过去两年直觉外科的营收复合增速更高（17.4% 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。
直觉外科（Intuitive Surgical）是美国医疗科技企业，主打研发、生产及销售微创外科手术机器人产品，核心产品为达芬奇手术系统，可有效提升患者临床治疗效果。该公司为纳斯达克100、标普100及标普500指数成分股，截至2021年末全球达芬奇系统装机量达6730台，其中美国市场占4139台。
AXS vs ISRG — 直观对比
营收规模更大
ISRG
是对方的1.6倍
$1.7B
营收增速更快
ISRG
高出5.1%
17.8%
净利率更高
ISRG
高出13.1%
16.7%
两年增速更快
ISRG
近两年复合增速
10.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.8B |
| 净利润 | $289.6M | $826.0M |
| 毛利率 | — | 66.1% |
| 营业利润率 | 19.0% | — |
| 净利率 | 16.7% | 29.8% |
| 营收同比 | 17.8% | 23.0% |
| 净利润同比 | -1.4% | 17.4% |
| 每股收益（稀释后） | $3.63 | $2.28 |
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AXSISRG
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B |
净利润AXSISRG
| Q1 26 | — | $826.0M | ||
| Q4 25 | $289.6M | $794.8M | ||
| Q3 25 | $301.9M | $704.4M | ||
| Q2 25 | $223.4M | $658.4M | ||
| Q1 25 | $194.1M | $698.4M | ||
| Q4 24 | $293.6M | $685.7M | ||
| Q3 24 | $180.7M | $565.1M | ||
| Q2 24 | $212.0M | $526.9M |
毛利率AXSISRG
| Q1 26 | — | 66.1% | ||
| Q4 25 | — | 66.4% | ||
| Q3 25 | — | 66.4% | ||
| Q2 25 | — | 66.3% | ||
| Q1 25 | — | 64.7% | ||
| Q4 24 | — | 68.0% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | 68.3% |
营业利润率AXSISRG
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | 30.2% | ||
| Q3 25 | 22.1% | 30.3% | ||
| Q2 25 | 17.2% | 30.5% | ||
| Q1 25 | 15.5% | 25.7% | ||
| Q4 24 | 18.6% | 30.4% | ||
| Q3 24 | 14.2% | 28.3% | ||
| Q2 24 | 17.4% | 28.2% |
净利率AXSISRG
| Q1 26 | — | 29.8% | ||
| Q4 25 | 16.7% | 27.7% | ||
| Q3 25 | 18.0% | 28.1% | ||
| Q2 25 | 13.7% | 27.0% | ||
| Q1 25 | 12.8% | 31.0% | ||
| Q4 24 | 20.0% | 28.4% | ||
| Q3 24 | 11.2% | 27.7% | ||
| Q2 24 | 14.6% | 26.2% |
每股收益（稀释后）AXSISRG
| Q1 26 | — | $2.28 | ||
| Q4 25 | $3.63 | $2.19 | ||
| Q3 25 | $3.74 | $1.95 | ||
| Q2 25 | $2.72 | $1.81 | ||
| Q1 25 | $2.26 | $1.92 | ||
| Q4 24 | $3.38 | $1.89 | ||
| Q3 24 | $2.04 | $1.56 | ||
| Q2 24 | $2.40 | $1.46 |
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 | $17.6B |
| 总资产 | $34.5B | $20.1B |
| 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AXSISRG
| Q1 26 | — | — | ||
| Q4 25 | $820.3M | $5.9B | ||
| Q3 25 | $825.9M | $4.9B | ||
| Q2 25 | $852.1M | $5.3B | ||
| Q1 25 | $2.8B | $4.5B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $981.0M | $4.2B | ||
| Q2 24 | $1.1B | $4.8B |
股东权益AXSISRG
| Q1 26 | — | $17.6B | ||
| Q4 25 | $6.4B | $17.8B | ||
| Q3 25 | $6.4B | $16.9B | ||
| Q2 25 | $6.2B | $17.8B | ||
| Q1 25 | $5.9B | $17.1B | ||
| Q4 24 | $6.1B | $16.4B | ||
| Q3 24 | $6.1B | $15.6B | ||
| Q2 24 | $5.7B | $14.7B |
总资产AXSISRG
| Q1 26 | — | $20.1B | ||
| Q4 25 | $34.5B | $20.5B | ||
| Q3 25 | $34.3B | $19.4B | ||
| Q2 25 | $34.2B | $20.2B | ||
| Q1 25 | $33.2B | $19.2B | ||
| Q4 24 | $32.5B | $18.7B | ||
| Q3 24 | $32.7B | $17.7B | ||
| Q2 24 | $32.1B | $16.6B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.18× | — |
| 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AXSISRG
| Q1 26 | — | — | ||
| Q4 25 | $630.4M | $892.5M | ||
| Q3 25 | $673.8M | $841.0M | ||
| Q2 25 | $-1.7B | $715.4M | ||
| Q1 25 | $309.1M | $581.6M | ||
| Q4 24 | $355.5M | $822.6M | ||
| Q3 24 | $587.0M | $706.5M | ||
| Q2 24 | $518.1M | $620.5M |
自由现金流AXSISRG
| Q1 26 | — | — | ||
| Q4 25 | — | $730.0M | ||
| Q3 25 | — | $735.6M | ||
| Q2 25 | — | $560.1M | ||
| Q1 25 | — | $465.0M | ||
| Q4 24 | — | $510.6M | ||
| Q3 24 | — | $458.6M | ||
| Q2 24 | — | $311.1M |
自由现金流率AXSISRG
| Q1 26 | — | — | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 29.4% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | — | 22.5% | ||
| Q2 24 | — | 15.5% |
资本支出强度AXSISRG
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | — | 15.4% |
现金转化率AXSISRG
| Q1 26 | — | — | ||
| Q4 25 | 2.18× | 1.12× | ||
| Q3 25 | 2.23× | 1.19× | ||
| Q2 25 | -7.41× | 1.09× | ||
| Q1 25 | 1.59× | 0.83× | ||
| Q4 24 | 1.21× | 1.20× | ||
| Q3 24 | 3.25× | 1.25× | ||
| Q2 24 | 2.44× | 1.18× |
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% |
ISRG
| Instruments and accessories | $1.7B | 61% |
| Systems | $650.7M | 23% |
| Services | $433.7M | 16% |
