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AXIS CAPITAL HOLDINGS LTD（AXS）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
AXIS CAPITAL HOLDINGS LTD的季度营收约是希悦尔的1.2倍（$1.7B vs $1.4B），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 3.1%，领先13.6%），AXIS CAPITAL HOLDINGS LTD同比增速更快（17.8% vs 2.6%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（10.3% vs 2.7%）
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。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
AXS vs SEE — 直观对比
营收规模更大
AXS
是对方的1.2倍
$1.4B
营收增速更快
AXS
高出15.2%
2.6%
净利率更高
AXS
高出13.6%
3.1%
两年增速更快
AXS
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $289.6M | $43.8M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 19.0% | 11.4% |
| 净利率 | 16.7% | 3.1% |
| 营收同比 | 17.8% | 2.6% |
| 净利润同比 | -1.4% | 700.0% |
| 每股收益（稀释后） | $3.63 | $0.30 |
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AXSSEE
| Q4 25 | $1.7B | $1.4B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
净利润AXSSEE
| Q4 25 | $289.6M | $43.8M | ||
| Q3 25 | $301.9M | $255.1M | ||
| Q2 25 | $223.4M | $93.1M | ||
| Q1 25 | $194.1M | $113.5M | ||
| Q4 24 | $293.6M | $-7.3M | ||
| Q3 24 | $180.7M | $91.7M | ||
| Q2 24 | $212.0M | $98.3M | ||
| Q1 24 | $395.5M | $82.0M |
毛利率AXSSEE
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
营业利润率AXSSEE
| Q4 25 | 19.0% | 11.4% | ||
| Q3 25 | 22.1% | 13.8% | ||
| Q2 25 | 17.2% | 15.0% | ||
| Q1 25 | 15.5% | 14.5% | ||
| Q4 24 | 18.6% | 11.7% | ||
| Q3 24 | 14.2% | 13.9% | ||
| Q2 24 | 17.4% | 15.4% | ||
| Q1 24 | 19.0% | 14.0% |
净利率AXSSEE
| Q4 25 | 16.7% | 3.1% | ||
| Q3 25 | 18.0% | 19.0% | ||
| Q2 25 | 13.7% | 7.0% | ||
| Q1 25 | 12.8% | 9.0% | ||
| Q4 24 | 20.0% | -0.5% | ||
| Q3 24 | 11.2% | 6.9% | ||
| Q2 24 | 14.6% | 7.4% | ||
| Q1 24 | 27.8% | 6.2% |
每股收益（稀释后）AXSSEE
| Q4 25 | $3.63 | $0.30 | ||
| Q3 25 | $3.74 | $1.73 | ||
| Q2 25 | $2.72 | $0.63 | ||
| Q1 25 | $2.26 | $0.77 | ||
| Q4 24 | $3.38 | $-0.05 | ||
| Q3 24 | $2.04 | $0.63 | ||
| Q2 24 | $2.40 | $0.67 | ||
| Q1 24 | $4.53 | $0.56 |
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 | $344.0M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $6.4B | $1.2B |
| 总资产 | $34.5B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资AXSSEE
| Q4 25 | $820.3M | $344.0M | ||
| Q3 25 | $825.9M | $282.5M | ||
| Q2 25 | $852.1M | $354.4M | ||
| Q1 25 | $2.8B | $335.2M | ||
| Q4 24 | $2.1B | $371.8M | ||
| Q3 24 | $981.0M | $386.0M | ||
| Q2 24 | $1.1B | $388.6M | ||
| Q1 24 | $1.1B | $352.8M |
总债务AXSSEE
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
股东权益AXSSEE
| Q4 25 | $6.4B | $1.2B | ||
| Q3 25 | $6.4B | $1.2B | ||
| Q2 25 | $6.2B | $953.1M | ||
| Q1 25 | $5.9B | $797.9M | ||
| Q4 24 | $6.1B | $624.5M | ||
| Q3 24 | $6.1B | $771.2M | ||
| Q2 24 | $5.7B | $650.1M | ||
| Q1 24 | $5.5B | $598.3M |
总资产AXSSEE
| Q4 25 | $34.5B | $7.0B | ||
| Q3 25 | $34.3B | $7.1B | ||
| Q2 25 | $34.2B | $7.2B | ||
| Q1 25 | $33.2B | $7.0B | ||
| Q4 24 | $32.5B | $7.0B | ||
| Q3 24 | $32.7B | $7.3B | ||
| Q2 24 | $32.1B | $7.3B | ||
| Q1 24 | $31.8B | $7.2B |
负债/权益比AXSSEE
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| 自由现金流经营现金流 - 资本支出 | — | $257.7M |
| 自由现金流率自由现金流/营收 | — | 18.5% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 2.18× | 6.70× |
| 过去12个月自由现金流最近4个季度 | — | $458.5M |
8季度趋势，按日历期对齐
经营现金流AXSSEE
| Q4 25 | $630.4M | $293.6M | ||
| Q3 25 | $673.8M | $165.9M | ||
| Q2 25 | $-1.7B | $136.6M | ||
| Q1 25 | $309.1M | $31.9M | ||
| Q4 24 | $355.5M | $244.2M | ||
| Q3 24 | $587.0M | $170.5M | ||
| Q2 24 | $518.1M | $188.2M | ||
| Q1 24 | $384.1M | $125.1M |
自由现金流AXSSEE
| Q4 25 | — | $257.7M | ||
| Q3 25 | — | $119.6M | ||
| Q2 25 | — | $93.2M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $185.1M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $78.0M |
自由现金流率AXSSEE
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 5.9% |
资本支出强度AXSSEE
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 3.6% |
现金转化率AXSSEE
| Q4 25 | 2.18× | 6.70× | ||
| Q3 25 | 2.23× | 0.65× | ||
| Q2 25 | -7.41× | 1.47× | ||
| Q1 25 | 1.59× | 0.28× | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 3.25× | 1.86× | ||
| Q2 24 | 2.44× | 1.91× | ||
| Q1 24 | 0.97× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
