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Bowhead Specialty Holdings Inc.（BOW）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Bowhead Specialty Holdings Inc.的150.0倍（$22.7B vs $151.7M）。Progressive Corporation净利率更高（13.0% vs 9.8%，领先3.2%）。Progressive Corporation自由现金流更多（$3.0B 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。
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。
BOW vs PGR — 直观对比
营收规模更大
PGR
是对方的150.0倍
$151.7M
净利率更高
PGR
高出3.2%
9.8%
自由现金流更多
PGR
多$3.0B
$58.6M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $151.7M | $22.7B |
| 净利润 | $14.8M | $3.0B |
| 毛利率 | — | — |
| 营业利润率 | 11.7% | 16.2% |
| 净利率 | 9.8% | 13.0% |
| 营收同比 | — | 12.2% |
| 净利润同比 | — | 25.3% |
| 每股收益（稀释后） | $0.44 | $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BOWPGR
| Q4 25 | $151.7M | $22.7B | ||
| Q3 25 | $143.9M | $22.5B | ||
| Q2 25 | $133.3M | $22.0B | ||
| Q1 25 | $122.7M | $20.4B | ||
| Q4 24 | — | $20.3B | ||
| Q3 24 | $116.8M | $19.7B | ||
| Q2 24 | $98.9M | $18.1B | ||
| Q1 24 | — | $17.2B |
净利润BOWPGR
| Q4 25 | $14.8M | $3.0B | ||
| Q3 25 | $15.2M | $2.6B | ||
| Q2 25 | $12.3M | $3.2B | ||
| Q1 25 | $11.4M | $2.6B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $12.1M | $2.3B | ||
| Q2 24 | $5.5M | $1.5B | ||
| Q1 24 | — | $2.3B |
营业利润率BOWPGR
| Q4 25 | 11.7% | 16.2% | ||
| Q3 25 | 13.3% | 14.8% | ||
| Q2 25 | 11.9% | 18.1% | ||
| Q1 25 | 11.8% | 15.9% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | 13.5% | 14.9% | ||
| Q2 24 | 7.5% | 10.3% | ||
| Q1 24 | — | 17.1% |
净利率BOWPGR
| Q4 25 | 9.8% | 13.0% | ||
| Q3 25 | 10.5% | 11.6% | ||
| Q2 25 | 9.3% | 14.4% | ||
| Q1 25 | 9.3% | 12.6% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 10.4% | 11.8% | ||
| Q2 24 | 5.6% | 8.0% | ||
| Q1 24 | — | 13.5% |
每股收益（稀释后）BOWPGR
| Q4 25 | $0.44 | $5.01 | ||
| Q3 25 | $0.45 | $4.45 | ||
| Q2 25 | $0.36 | $5.40 | ||
| Q1 25 | $0.34 | $4.37 | ||
| Q4 24 | — | $4.01 | ||
| Q3 24 | $0.36 | $3.97 | ||
| Q2 24 | $0.20 | $2.48 | ||
| Q1 24 | — | $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 | $193.5M | $10.0B |
| 总债务越低越好 | $146.4M | — |
| 股东权益账面价值 | $448.3M | $30.3B |
| 总资产 | $2.4B | $123.0B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资BOWPGR
| Q4 25 | $193.5M | $10.0B | ||
| Q3 25 | $197.9M | $1.5B | ||
| Q2 25 | $114.8M | $2.1B | ||
| Q1 25 | $88.0M | $2.6B | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | $132.9M | $757.0M | ||
| Q2 24 | $180.3M | $733.0M | ||
| Q1 24 | — | $1.3B |
总债务BOWPGR
| Q4 25 | $146.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BOWPGR
| Q4 25 | $448.3M | $30.3B | ||
| Q3 25 | $430.2M | $35.4B | ||
| Q2 25 | $407.2M | $32.6B | ||
| Q1 25 | $391.0M | $29.0B | ||
| Q4 24 | — | $25.6B | ||
| Q3 24 | $364.7M | $27.2B | ||
| Q2 24 | $339.9M | $23.3B | ||
| Q1 24 | — | $21.8B |
总资产BOWPGR
| Q4 25 | $2.4B | $123.0B | ||
| Q3 25 | $2.1B | $121.5B | ||
| Q2 25 | $1.9B | $115.5B | ||
| Q1 25 | $1.8B | $111.4B | ||
| Q4 24 | — | $105.7B | ||
| Q3 24 | $1.5B | $105.2B | ||
| Q2 24 | $1.4B | $97.9B | ||
| Q1 24 | — | $94.1B |
负债/权益比BOWPGR
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $3.2B |
| 自由现金流经营现金流 - 资本支出 | $58.6M | $3.0B |
| 自由现金流率自由现金流/营收 | 38.7% | 13.4% |
| 资本支出强度资本支出/营收 | 1.0% | 0.5% |
| 现金转化率经营现金流/净利润 | 4.05× | 1.07× |
| 过去12个月自由现金流最近4个季度 | $326.0M | $17.2B |
8季度趋势，按日历期对齐
经营现金流BOWPGR
| Q4 25 | $60.1M | $3.2B | ||
| Q3 25 | $114.7M | $5.2B | ||
| Q2 25 | $109.0M | $4.0B | ||
| Q1 25 | $47.7M | $5.1B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $119.4M | $4.6B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $4.2B |
自由现金流BOWPGR
| Q4 25 | $58.6M | $3.0B | ||
| Q3 25 | $113.5M | $5.1B | ||
| Q2 25 | $107.4M | $3.9B | ||
| Q1 25 | $46.5M | $5.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $118.4M | $4.6B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $4.2B |
自由现金流率BOWPGR
| Q4 25 | 38.7% | 13.4% | ||
| Q3 25 | 78.8% | 22.8% | ||
| Q2 25 | 80.6% | 17.9% | ||
| Q1 25 | 37.9% | 24.9% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | 101.4% | 23.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 24.3% |
资本支出强度BOWPGR
| Q4 25 | 1.0% | 0.5% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 1.2% | 0.5% | ||
| Q1 25 | 1.0% | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 0.9% | 0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
现金转化率BOWPGR
| Q4 25 | 4.05× | 1.07× | ||
| Q3 25 | 7.56× | 1.99× | ||
| Q2 25 | 8.83× | 1.27× | ||
| Q1 25 | 4.18× | 2.00× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | 9.88× | 1.97× | ||
| Q2 24 | — | 2.24× | ||
| Q1 24 | — | 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
BOW
暂无分部数据
PGR
| Other | $11.9B | 52% |
| Commercial Lines Segment | $10.9B | 48% |
| Other Indemnity | $2.0M | 0% |
