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Bowhead Specialty Holdings Inc.（BOW）与Cincinnati Financial（CINF）财务数据对比。点击上方公司名可切换其他公司
Cincinnati Financial的季度营收约是Bowhead Specialty Holdings Inc.的20.4倍（$3.1B vs $151.7M）。Cincinnati Financial净利率更高（21.9% vs 9.8%，领先12.1%）。Cincinnati Financial自由现金流更多（$939.0M vs $58.6M）
Bowhead Specialty Holdings Inc.是一家专业保险控股企业，主营财产及意外伤害保险产品，聚焦北美地区服务不足的小众细分市场，为商业和个人客户提供定制化风险管理方案与专属保险保障服务。
辛辛那提金融公司主营财产与意外伤害保险，通过旗下辛辛那提保险公司、辛辛那提赔偿公司及辛辛那提意外伤害保险公司运营核心业务。目前该公司在美国国内财险保费市场占比达1.01%，按市场份额计算位列美国第20大保险公司。
BOW vs CINF — 直观对比
营收规模更大
CINF
是对方的20.4倍
$151.7M
净利率更高
CINF
高出12.1%
9.8%
自由现金流更多
CINF
多$880.4M
$58.6M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $151.7M | $3.1B |
| 净利润 | $14.8M | $676.0M |
| 毛利率 | — | — |
| 营业利润率 | 11.7% | 27.2% |
| 净利率 | 9.8% | 21.9% |
| 营收同比 | — | 21.8% |
| 净利润同比 | — | 66.9% |
| 每股收益（稀释后） | $0.44 | $4.29 |
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BOWCINF
| Q4 25 | $151.7M | $3.1B | ||
| Q3 25 | $143.9M | $3.7B | ||
| Q2 25 | $133.3M | $3.2B | ||
| Q1 25 | $122.7M | $2.6B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | $116.8M | $3.3B | ||
| Q2 24 | $98.9M | $2.5B | ||
| Q1 24 | — | $2.9B |
净利润BOWCINF
| Q4 25 | $14.8M | $676.0M | ||
| Q3 25 | $15.2M | $1.1B | ||
| Q2 25 | $12.3M | $685.0M | ||
| Q1 25 | $11.4M | $-90.0M | ||
| Q4 24 | — | $405.0M | ||
| Q3 24 | $12.1M | $820.0M | ||
| Q2 24 | $5.5M | $312.0M | ||
| Q1 24 | — | $755.0M |
营业利润率BOWCINF
| Q4 25 | 11.7% | 27.2% | ||
| Q3 25 | 13.3% | 37.9% | ||
| Q2 25 | 11.9% | 26.3% | ||
| Q1 25 | 11.8% | -5.0% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | 13.5% | 31.3% | ||
| Q2 24 | 7.5% | 15.2% | ||
| Q1 24 | — | 32.5% |
净利率BOWCINF
| Q4 25 | 9.8% | 21.9% | ||
| Q3 25 | 10.5% | 30.1% | ||
| Q2 25 | 9.3% | 21.1% | ||
| Q1 25 | 9.3% | -3.5% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | 10.4% | 24.7% | ||
| Q2 24 | 5.6% | 12.3% | ||
| Q1 24 | — | 25.7% |
每股收益（稀释后）BOWCINF
| Q4 25 | $0.44 | $4.29 | ||
| Q3 25 | $0.45 | $7.11 | ||
| Q2 25 | $0.36 | $4.34 | ||
| Q1 25 | $0.34 | $-0.57 | ||
| Q4 24 | — | $2.57 | ||
| Q3 24 | $0.36 | $5.20 | ||
| Q2 24 | $0.20 | $1.98 | ||
| Q1 24 | — | $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 | $193.5M | $148.0M |
| 总债务越低越好 | $146.4M | $861.0M |
| 股东权益账面价值 | $448.3M | $15.9B |
| 总资产 | $2.4B | $41.0B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资BOWCINF
| Q4 25 | $193.5M | $148.0M | ||
| Q3 25 | $197.9M | $1.6B | ||
| Q2 25 | $114.8M | $1.1B | ||
| Q1 25 | $88.0M | $1.1B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $132.9M | $1.8B | ||
| Q2 24 | $180.3M | $771.0M | ||
| Q1 24 | — | $619.0M |
总债务BOWCINF
| Q4 25 | $146.4M | $861.0M | ||
| Q3 25 | — | $858.0M | ||
| Q2 25 | — | $859.0M | ||
| Q1 25 | — | $853.0M | ||
| Q4 24 | — | $850.0M | ||
| Q3 24 | — | $849.0M | ||
| Q2 24 | — | $849.0M | ||
| Q1 24 | — | $848.0M |
股东权益BOWCINF
| Q4 25 | $448.3M | $15.9B | ||
| Q3 25 | $430.2M | $15.4B | ||
| Q2 25 | $407.2M | $14.3B | ||
| Q1 25 | $391.0M | $13.7B | ||
| Q4 24 | — | $13.9B | ||
| Q3 24 | $364.7M | $13.8B | ||
| Q2 24 | $339.9M | $12.8B | ||
| Q1 24 | — | $12.7B |
总资产BOWCINF
| Q4 25 | $2.4B | $41.0B | ||
| Q3 25 | $2.1B | $40.6B | ||
| Q2 25 | $1.9B | $38.8B | ||
| Q1 25 | $1.8B | $37.3B | ||
| Q4 24 | — | $36.5B | ||
| Q3 24 | $1.5B | $37.0B | ||
| Q2 24 | $1.4B | $34.8B | ||
| Q1 24 | — | $33.7B |
负债/权益比BOWCINF
| Q4 25 | 0.33× | 0.05× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $60.1M | $947.0M |
| 自由现金流经营现金流 - 资本支出 | $58.6M | $939.0M |
| 自由现金流率自由现金流/营收 | 38.7% | 30.4% |
| 资本支出强度资本支出/营收 | 1.0% | 0.3% |
| 现金转化率经营现金流/净利润 | 4.05× | 1.40× |
| 过去12个月自由现金流最近4个季度 | $326.0M | $3.1B |
8季度趋势，按日历期对齐
经营现金流BOWCINF
| Q4 25 | $60.1M | $947.0M | ||
| Q3 25 | $114.7M | $1.1B | ||
| Q2 25 | $109.0M | $741.0M | ||
| Q1 25 | $47.7M | $310.0M | ||
| Q4 24 | — | $642.0M | ||
| Q3 24 | $119.4M | $912.0M | ||
| Q2 24 | — | $742.0M | ||
| Q1 24 | — | $353.0M |
自由现金流BOWCINF
| Q4 25 | $58.6M | $939.0M | ||
| Q3 25 | $113.5M | $1.1B | ||
| Q2 25 | $107.4M | $737.0M | ||
| Q1 25 | $46.5M | $307.0M | ||
| Q4 24 | — | $638.0M | ||
| Q3 24 | $118.4M | $906.0M | ||
| Q2 24 | — | $737.0M | ||
| Q1 24 | — | $346.0M |
自由现金流率BOWCINF
| Q4 25 | 38.7% | 30.4% | ||
| Q3 25 | 78.8% | 29.8% | ||
| Q2 25 | 80.6% | 22.7% | ||
| Q1 25 | 37.9% | 12.0% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | 101.4% | 27.3% | ||
| Q2 24 | — | 29.0% | ||
| Q1 24 | — | 11.8% |
资本支出强度BOWCINF
| Q4 25 | 1.0% | 0.3% | ||
| Q3 25 | 0.9% | 0.1% | ||
| Q2 25 | 1.2% | 0.1% | ||
| Q1 25 | 1.0% | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
现金转化率BOWCINF
| Q4 25 | 4.05× | 1.40× | ||
| Q3 25 | 7.56× | 0.99× | ||
| Q2 25 | 8.83× | 1.08× | ||
| Q1 25 | 4.18× | — | ||
| Q4 24 | — | 1.59× | ||
| Q3 24 | 9.88× | 1.11× | ||
| Q2 24 | — | 2.38× | ||
| Q1 24 | — | 0.47× |
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
BOW
暂无分部数据
CINF
| Commercial Lines Insurance | $1.2B | 40% |
| Personal Lines Insurance | $860.0M | 28% |
| Investment Segment Of CINF | $488.0M | 16% |
| Other | $224.0M | 7% |
| Excessand Surplus Lines Insurance | $189.0M | 6% |
| Life Insurance | $86.0M | 3% |
