vs
AXIS CAPITAL HOLDINGS LTD（AXS）与Progressive Corporation（PGR）财务数据对比。点击上方公司名可切换其他公司
Progressive Corporation的季度营收约是AXIS CAPITAL HOLDINGS LTD的13.1倍（$22.7B vs $1.7B）。AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 13.0%，领先3.7%）。AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs 12.2%）。过去两年Progressive Corporation的营收复合增速更高（14.9% 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。
美国Progressive Corporation是1937年由杰克·格林与约瑟夫·M·刘易斯联合创立的保险公司，总部位于俄亥俄州梅菲尔德，是美国第二大汽车保险服务商，仅次于州立农业保险。其业务覆盖乘用车、摩托车、房车、船只、商用车等险种，同时通过合作机构提供家财险、寿险、宠物险等多元保险产品。
AXS vs PGR — 直观对比
营收规模更大
PGR
是对方的13.1倍
$1.7B
营收增速更快
AXS
高出5.7%
12.2%
净利率更高
AXS
高出3.7%
13.0%
两年增速更快
PGR
近两年复合增速
10.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $22.7B |
| 净利润 | $289.6M | $3.0B |
| 毛利率 | — | — |
| 营业利润率 | 19.0% | 16.2% |
| 净利率 | 16.7% | 13.0% |
| 营收同比 | 17.8% | 12.2% |
| 净利润同比 | -1.4% | 25.3% |
| 每股收益（稀释后） | $3.63 | $5.01 |
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AXSPGR
| Q4 25 | $1.7B | $22.7B | ||
| Q3 25 | $1.7B | $22.5B | ||
| Q2 25 | $1.6B | $22.0B | ||
| Q1 25 | $1.5B | $20.4B | ||
| Q4 24 | $1.5B | $20.3B | ||
| Q3 24 | $1.6B | $19.7B | ||
| Q2 24 | $1.5B | $18.1B | ||
| Q1 24 | $1.4B | $17.2B |
净利润AXSPGR
| Q4 25 | $289.6M | $3.0B | ||
| Q3 25 | $301.9M | $2.6B | ||
| Q2 25 | $223.4M | $3.2B | ||
| Q1 25 | $194.1M | $2.6B | ||
| Q4 24 | $293.6M | $2.4B | ||
| Q3 24 | $180.7M | $2.3B | ||
| Q2 24 | $212.0M | $1.5B | ||
| Q1 24 | $395.5M | $2.3B |
营业利润率AXSPGR
| Q4 25 | 19.0% | 16.2% | ||
| Q3 25 | 22.1% | 14.8% | ||
| Q2 25 | 17.2% | 18.1% | ||
| Q1 25 | 15.5% | 15.9% | ||
| Q4 24 | 18.6% | 14.6% | ||
| Q3 24 | 14.2% | 14.9% | ||
| Q2 24 | 17.4% | 10.3% | ||
| Q1 24 | 19.0% | 17.1% |
净利率AXSPGR
| Q4 25 | 16.7% | 13.0% | ||
| Q3 25 | 18.0% | 11.6% | ||
| Q2 25 | 13.7% | 14.4% | ||
| Q1 25 | 12.8% | 12.6% | ||
| Q4 24 | 20.0% | 11.6% | ||
| Q3 24 | 11.2% | 11.8% | ||
| Q2 24 | 14.6% | 8.0% | ||
| Q1 24 | 27.8% | 13.5% |
每股收益（稀释后）AXSPGR
| Q4 25 | $3.63 | $5.01 | ||
| Q3 25 | $3.74 | $4.45 | ||
| Q2 25 | $2.72 | $5.40 | ||
| Q1 25 | $2.26 | $4.37 | ||
| Q4 24 | $3.38 | $4.01 | ||
| Q3 24 | $2.04 | $3.97 | ||
| Q2 24 | $2.40 | $2.48 | ||
| Q1 24 | $4.53 | $3.94 |
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 | $10.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $30.3B |
| 总资产 | $34.5B | $123.0B |
| 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AXSPGR
| Q4 25 | $820.3M | $10.0B | ||
| Q3 25 | $825.9M | $1.5B | ||
| Q2 25 | $852.1M | $2.1B | ||
| Q1 25 | $2.8B | $2.6B | ||
| Q4 24 | $2.1B | $615.0M | ||
| Q3 24 | $981.0M | $757.0M | ||
| Q2 24 | $1.1B | $733.0M | ||
| Q1 24 | $1.1B | $1.3B |
股东权益AXSPGR
| Q4 25 | $6.4B | $30.3B | ||
| Q3 25 | $6.4B | $35.4B | ||
| Q2 25 | $6.2B | $32.6B | ||
| Q1 25 | $5.9B | $29.0B | ||
| Q4 24 | $6.1B | $25.6B | ||
| Q3 24 | $6.1B | $27.2B | ||
| Q2 24 | $5.7B | $23.3B | ||
| Q1 24 | $5.5B | $21.8B |
总资产AXSPGR
| Q4 25 | $34.5B | $123.0B | ||
| Q3 25 | $34.3B | $121.5B | ||
| Q2 25 | $34.2B | $115.5B | ||
| Q1 25 | $33.2B | $111.4B | ||
| Q4 24 | $32.5B | $105.7B | ||
| Q3 24 | $32.7B | $105.2B | ||
| Q2 24 | $32.1B | $97.9B | ||
| Q1 24 | $31.8B | $94.1B |
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 | $3.2B |
| 自由现金流经营现金流 - 资本支出 | — | $3.0B |
| 自由现金流率自由现金流/营收 | — | 13.4% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 2.18× | 1.07× |
| 过去12个月自由现金流最近4个季度 | — | $17.2B |
8季度趋势，按日历期对齐
经营现金流AXSPGR
| Q4 25 | $630.4M | $3.2B | ||
| Q3 25 | $673.8M | $5.2B | ||
| Q2 25 | $-1.7B | $4.0B | ||
| Q1 25 | $309.1M | $5.1B | ||
| Q4 24 | $355.5M | $3.0B | ||
| Q3 24 | $587.0M | $4.6B | ||
| Q2 24 | $518.1M | $3.3B | ||
| Q1 24 | $384.1M | $4.2B |
自由现金流AXSPGR
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $4.2B |
自由现金流率AXSPGR
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 22.8% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 24.3% |
资本支出强度AXSPGR
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
现金转化率AXSPGR
| Q4 25 | 2.18× | 1.07× | ||
| Q3 25 | 2.23× | 1.99× | ||
| Q2 25 | -7.41× | 1.27× | ||
| Q1 25 | 1.59× | 2.00× | ||
| Q4 24 | 1.21× | 1.28× | ||
| Q3 24 | 3.25× | 1.97× | ||
| Q2 24 | 2.44× | 2.24× | ||
| Q1 24 | 0.97× | 1.82× |
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
暂无分部数据
PGR
| Other | $11.9B | 52% |
| Commercial Lines Segment | $10.9B | 48% |
| Other Indemnity | $2.0M | 0% |
