vs
Cincinnati Financial（CINF）与SEABOARD CORP（SEB）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SEABOARD CORP的1.2倍（$2.8B vs $2.4B），SEABOARD CORP净利率更高（10.6% vs 9.6%，领先1.0%），Cincinnati Financial同比增速更快（-1.7% vs -2.9%），过去两年Cincinnati Financial的营收复合增速更高（5.2% vs 4.9%）
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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
CINF vs SEB — 直观对比
营收规模更大
CINF
是对方的1.2倍
$2.4B
营收增速更快
CINF
高出1.2%
-2.9%
净利率更高
SEB
高出1.0%
9.6%
两年增速更快
CINF
近两年复合增速
4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.4B |
| 净利润 | $274.0M | $255.0M |
| 毛利率 | — | 7.9% |
| 营业利润率 | — | 2.7% |
| 净利率 | 9.6% | 10.6% |
| 营收同比 | -1.7% | -2.9% |
| 净利润同比 | 404.4% | 63.5% |
| 每股收益（稀释后） | — | $262.58 |
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CINFSEB
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.7B | $2.5B | ||
| Q2 25 | $3.2B | $2.5B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.5B | $2.5B | ||
| Q3 24 | $3.3B | $2.2B | ||
| Q2 24 | $2.5B | $2.2B |
净利润CINFSEB
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $255.0M | ||
| Q3 25 | $1.1B | $110.0M | ||
| Q2 25 | $685.0M | $104.0M | ||
| Q1 25 | $-90.0M | $32.0M | ||
| Q4 24 | $405.0M | $156.0M | ||
| Q3 24 | $820.0M | $-149.0M | ||
| Q2 24 | $312.0M | $61.0M |
毛利率CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 5.8% |
营业利润率CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 2.7% | ||
| Q3 25 | 37.9% | 3.3% | ||
| Q2 25 | 26.3% | 2.1% | ||
| Q1 25 | -5.0% | 1.6% | ||
| Q4 24 | 18.9% | 4.6% | ||
| Q3 24 | 31.3% | 1.4% | ||
| Q2 24 | 15.2% | 1.4% |
净利率CINFSEB
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 10.6% | ||
| Q3 25 | 30.1% | 4.3% | ||
| Q2 25 | 21.1% | 4.2% | ||
| Q1 25 | -3.5% | 1.4% | ||
| Q4 24 | 16.0% | 6.3% | ||
| Q3 24 | 24.7% | -6.7% | ||
| Q2 24 | 12.3% | 2.8% |
每股收益（稀释后）CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $262.58 | ||
| Q3 25 | $7.11 | $113.71 | ||
| Q2 25 | $4.34 | $105.22 | ||
| Q1 25 | $-0.57 | $32.95 | ||
| Q4 24 | $2.57 | $158.58 | ||
| Q3 24 | $5.20 | $-153.44 | ||
| Q2 24 | $1.98 | $62.82 |
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 | $1.2B | $1.2B |
| 总债务越低越好 | $816.0M | — |
| 股东权益账面价值 | $15.7B | $5.2B |
| 总资产 | $41.2B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资CINFSEB
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $771.0M | $1.2B |
总债务CINFSEB
| Q1 26 | $816.0M | — | ||
| Q4 25 | $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 | — |
股东权益CINFSEB
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $5.2B | ||
| Q3 25 | $15.4B | $5.0B | ||
| Q2 25 | $14.3B | $4.8B | ||
| Q1 25 | $13.7B | $4.7B | ||
| Q4 24 | $13.9B | $4.7B | ||
| Q3 24 | $13.8B | $4.5B | ||
| Q2 24 | $12.8B | $4.7B |
总资产CINFSEB
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $8.2B | ||
| Q3 25 | $40.6B | $8.0B | ||
| Q2 25 | $38.8B | $7.9B | ||
| Q1 25 | $37.3B | $7.6B | ||
| Q4 24 | $36.5B | $7.7B | ||
| Q3 24 | $37.0B | $7.5B | ||
| Q2 24 | $34.8B | $7.7B |
负债/权益比CINFSEB
| Q1 26 | 0.05× | — | ||
| Q4 25 | 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× | — |
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 | — | $188.0M |
| 自由现金流经营现金流 - 资本支出 | — | $53.0M |
| 自由现金流率自由现金流/营收 | — | 2.2% |
| 资本支出强度资本支出/营收 | — | 5.6% |
| 现金转化率经营现金流/净利润 | — | 0.74× |
| 过去12个月自由现金流最近4个季度 | — | $6.0M |
8季度趋势，按日历期对齐
经营现金流CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $188.0M | ||
| Q3 25 | $1.1B | $319.0M | ||
| Q2 25 | $741.0M | $81.0M | ||
| Q1 25 | $310.0M | $-20.0M | ||
| Q4 24 | $642.0M | $300.0M | ||
| Q3 24 | $912.0M | $194.0M | ||
| Q2 24 | $742.0M | $6.0M |
自由现金流CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | $53.0M | ||
| Q3 25 | $1.1B | $152.0M | ||
| Q2 25 | $737.0M | $-70.0M | ||
| Q1 25 | $307.0M | $-129.0M | ||
| Q4 24 | $638.0M | $162.0M | ||
| Q3 24 | $906.0M | $58.0M | ||
| Q2 24 | $737.0M | $-127.0M |
自由现金流率CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | 2.2% | ||
| Q3 25 | 29.8% | 6.0% | ||
| Q2 25 | 22.7% | -2.8% | ||
| Q1 25 | 12.0% | -5.6% | ||
| Q4 24 | 25.1% | 6.5% | ||
| Q3 24 | 27.3% | 2.6% | ||
| Q2 24 | 29.0% | -5.7% |
资本支出强度CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 5.6% | ||
| Q3 25 | 0.1% | 6.6% | ||
| Q2 25 | 0.1% | 6.1% | ||
| Q1 25 | 0.1% | 4.7% | ||
| Q4 24 | 0.2% | 5.6% | ||
| Q3 24 | 0.2% | 6.1% | ||
| Q2 24 | 0.2% | 6.0% |
现金转化率CINFSEB
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.74× | ||
| Q3 25 | 0.99× | 2.90× | ||
| Q2 25 | 1.08× | 0.78× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | 1.59× | 1.92× | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 2.38× | 0.10× |
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
CINF
| Property casualty | $2.6B | 93% |
| Life | $105.0M | 4% |
| Other | $92.0M | 3% |
| Fee revenues | $1.0M | 0% |
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
