vs
AXIS CAPITAL HOLDINGS LTD（AXS）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是AXIS CAPITAL HOLDINGS LTD的1.0倍（$1.7B vs $1.6B），AXIS CAPITAL HOLDINGS LTD净利率更高（15.5% vs -2.8%，领先18.3%），北极星同比增速更快（8.0% vs 8.0%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（6.4% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
AXS vs PII — 直观对比
营收规模更大
PII
是对方的1.0倍
$1.6B
营收增速更快
PII
高出0.0%
8.0%
净利率更高
AXS
高出18.3%
-2.8%
两年增速更快
AXS
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $254.8M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | 15.6% | 76.5% |
| 净利率 | 15.5% | -2.8% |
| 营收同比 | 8.0% | 8.0% |
| 净利润同比 | 31.3% | 29.0% |
| 每股收益（稀释后） | — | $-0.83 |
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AXSPII
| Q1 26 | $1.6B | $1.7B | ||
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $2.0B |
净利润AXSPII
| Q1 26 | $254.8M | $-47.2M | ||
| Q4 25 | $289.6M | $-303.6M | ||
| Q3 25 | $301.9M | $-15.8M | ||
| Q2 25 | $223.4M | $-79.3M | ||
| Q1 25 | $194.1M | $-66.8M | ||
| Q4 24 | $293.6M | $10.6M | ||
| Q3 24 | $180.7M | $27.7M | ||
| Q2 24 | $212.0M | $68.7M |
毛利率AXSPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.6% |
营业利润率AXSPII
| Q1 26 | 15.6% | 76.5% | ||
| Q4 25 | 19.0% | -16.7% | ||
| Q3 25 | 22.1% | 1.1% | ||
| Q2 25 | 17.2% | -0.7% | ||
| Q1 25 | 15.5% | -2.4% | ||
| Q4 24 | 18.6% | 3.7% | ||
| Q3 24 | 14.2% | 3.8% | ||
| Q2 24 | 17.4% | 6.1% |
净利率AXSPII
| Q1 26 | 15.5% | -2.8% | ||
| Q4 25 | 16.7% | -15.8% | ||
| Q3 25 | 18.0% | -0.9% | ||
| Q2 25 | 13.7% | -4.3% | ||
| Q1 25 | 12.8% | -4.3% | ||
| Q4 24 | 20.0% | 0.6% | ||
| Q3 24 | 11.2% | 1.6% | ||
| Q2 24 | 14.6% | 3.5% |
每股收益（稀释后）AXSPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | $3.63 | $-5.34 | ||
| Q3 25 | $3.74 | $-0.28 | ||
| Q2 25 | $2.72 | $-1.39 | ||
| Q1 25 | $2.26 | $-1.17 | ||
| Q4 24 | $3.38 | $0.18 | ||
| Q3 24 | $2.04 | $0.49 | ||
| Q2 24 | $2.40 | $1.21 |
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 | $862.5M | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $750.4M |
| 总资产 | $35.6B | $5.2B |
| 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AXSPII
| Q1 26 | $862.5M | $282.0M | ||
| Q4 25 | $820.3M | $138.0M | ||
| Q3 25 | $825.9M | $335.5M | ||
| Q2 25 | $852.1M | $324.3M | ||
| Q1 25 | $2.8B | $291.7M | ||
| Q4 24 | $2.1B | $287.8M | ||
| Q3 24 | $981.0M | $291.3M | ||
| Q2 24 | $1.1B | $322.7M |
总债务AXSPII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益AXSPII
| Q1 26 | $6.4B | $750.4M | ||
| Q4 25 | $6.4B | $828.4M | ||
| Q3 25 | $6.4B | $1.1B | ||
| Q2 25 | $6.2B | $1.2B | ||
| Q1 25 | $5.9B | $1.2B | ||
| Q4 24 | $6.1B | $1.3B | ||
| Q3 24 | $6.1B | $1.3B | ||
| Q2 24 | $5.7B | $1.3B |
总资产AXSPII
| Q1 26 | $35.6B | $5.2B | ||
| Q4 25 | $34.5B | $4.9B | ||
| Q3 25 | $34.3B | $5.3B | ||
| Q2 25 | $34.2B | $5.4B | ||
| Q1 25 | $33.2B | $5.5B | ||
| Q4 24 | $32.5B | $5.5B | ||
| Q3 24 | $32.7B | $5.6B | ||
| Q2 24 | $32.1B | $5.7B |
负债/权益比AXSPII
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-342.5M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流AXSPII
| Q1 26 | — | — | ||
| Q4 25 | $630.4M | $178.7M | ||
| Q3 25 | $673.8M | $158.8M | ||
| Q2 25 | $-1.7B | $320.3M | ||
| Q1 25 | $309.1M | $83.2M | ||
| Q4 24 | $355.5M | $206.3M | ||
| Q3 24 | $587.0M | $21.0M | ||
| Q2 24 | $518.1M | $146.3M |
自由现金流AXSPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | — | $114.0M | ||
| Q3 25 | — | $116.7M | ||
| Q2 25 | — | $279.8M | ||
| Q1 25 | — | $47.6M | ||
| Q4 24 | — | $137.3M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $79.1M |
自由现金流率AXSPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | 4.0% |
资本支出强度AXSPII
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 3.4% |
现金转化率AXSPII
| Q1 26 | — | — | ||
| Q4 25 | 2.18× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | -7.41× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.21× | 19.46× | ||
| Q3 24 | 3.25× | 0.76× | ||
| Q2 24 | 2.44× | 2.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
