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AXIS CAPITAL HOLDINGS LTD（AXS）与M/I HOMES, INC.（MHO）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M/I HOMES, INC.的1.5倍（$1.7B vs $1.1B），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 5.6%，领先11.1%），AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs -4.8%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（10.3% vs 4.7%）
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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
AXS vs MHO — 直观对比
营收规模更大
AXS
是对方的1.5倍
$1.1B
营收增速更快
AXS
高出22.7%
-4.8%
净利率更高
AXS
高出11.1%
5.6%
两年增速更快
AXS
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.1B |
| 净利润 | $289.6M | $64.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 19.0% | 6.5% |
| 净利率 | 16.7% | 5.6% |
| 营收同比 | 17.8% | -4.8% |
| 净利润同比 | -1.4% | -52.1% |
| 每股收益（稀释后） | $3.63 | $2.42 |
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AXSMHO
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $976.1M | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.0B |
净利润AXSMHO
| Q4 25 | $289.6M | $64.0M | ||
| Q3 25 | $301.9M | $106.5M | ||
| Q2 25 | $223.4M | $121.2M | ||
| Q1 25 | $194.1M | $111.2M | ||
| Q4 24 | $293.6M | $133.5M | ||
| Q3 24 | $180.7M | $145.4M | ||
| Q2 24 | $212.0M | $146.7M | ||
| Q1 24 | $395.5M | $138.1M |
毛利率AXSMHO
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 27.1% |
营业利润率AXSMHO
| Q4 25 | 19.0% | 6.5% | ||
| Q3 25 | 22.1% | 12.0% | ||
| Q2 25 | 17.2% | 13.4% | ||
| Q1 25 | 15.5% | 14.4% | ||
| Q4 24 | 18.6% | 13.6% | ||
| Q3 24 | 14.2% | 15.9% | ||
| Q2 24 | 17.4% | 16.8% | ||
| Q1 24 | 19.0% | 16.6% |
净利率AXSMHO
| Q4 25 | 16.7% | 5.6% | ||
| Q3 25 | 18.0% | 9.4% | ||
| Q2 25 | 13.7% | 10.4% | ||
| Q1 25 | 12.8% | 11.4% | ||
| Q4 24 | 20.0% | 11.1% | ||
| Q3 24 | 11.2% | 12.7% | ||
| Q2 24 | 14.6% | 13.2% | ||
| Q1 24 | 27.8% | 13.2% |
每股收益（稀释后）AXSMHO
| Q4 25 | $3.63 | $2.42 | ||
| Q3 25 | $3.74 | $3.92 | ||
| Q2 25 | $2.72 | $4.42 | ||
| Q1 25 | $2.26 | $3.98 | ||
| Q4 24 | $3.38 | $4.71 | ||
| Q3 24 | $2.04 | $5.10 | ||
| Q2 24 | $2.40 | $5.12 | ||
| Q1 24 | $4.53 | $4.78 |
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 | $3.2B |
| 总资产 | $34.5B | $4.8B |
| 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AXSMHO
| 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AXSMHO
| Q4 25 | $6.4B | $3.2B | ||
| Q3 25 | $6.4B | $3.1B | ||
| Q2 25 | $6.2B | $3.1B | ||
| Q1 25 | $5.9B | $3.0B | ||
| Q4 24 | $6.1B | $2.9B | ||
| Q3 24 | $6.1B | $2.8B | ||
| Q2 24 | $5.7B | $2.7B | ||
| Q1 24 | $5.5B | $2.6B |
总资产AXSMHO
| Q4 25 | $34.5B | $4.8B | ||
| Q3 25 | $34.3B | $4.8B | ||
| Q2 25 | $34.2B | $4.7B | ||
| Q1 25 | $33.2B | $4.6B | ||
| Q4 24 | $32.5B | $4.5B | ||
| Q3 24 | $32.7B | $4.5B | ||
| Q2 24 | $32.1B | $4.3B | ||
| Q1 24 | $31.8B | $4.2B |
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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-13.0M |
| 自由现金流率自由现金流/营收 | — | -1.1% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 2.18× | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | $127.7M |
8季度趋势，按日历期对齐
经营现金流AXSMHO
| Q4 25 | $630.4M | $-8.7M | ||
| Q3 25 | $673.8M | $43.4M | ||
| Q2 25 | $-1.7B | $37.8M | ||
| Q1 25 | $309.1M | $64.9M | ||
| Q4 24 | $355.5M | $104.4M | ||
| Q3 24 | $587.0M | $-67.9M | ||
| Q2 24 | $518.1M | $27.5M | ||
| Q1 24 | $384.1M | $115.8M |
自由现金流AXSMHO
| Q4 25 | — | $-13.0M | ||
| Q3 25 | — | $42.0M | ||
| Q2 25 | — | $35.1M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | — | $-68.5M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $115.5M |
自由现金流率AXSMHO
| Q4 25 | — | -1.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 11.0% |
资本支出强度AXSMHO
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.0% |
现金转化率AXSMHO
| Q4 25 | 2.18× | -0.14× | ||
| Q3 25 | 2.23× | 0.41× | ||
| Q2 25 | -7.41× | 0.31× | ||
| Q1 25 | 1.59× | 0.58× | ||
| Q4 24 | 1.21× | 0.78× | ||
| Q3 24 | 3.25× | -0.47× | ||
| Q2 24 | 2.44× | 0.19× | ||
| Q1 24 | 0.97× | 0.84× |
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
