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Cincinnati Financial（CINF）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是Cincinnati Financial的1.7倍（$4.8B vs $2.8B），Cincinnati Financial净利率更高（9.6% vs 4.8%，领先4.7%），Vistra Corp.同比增速更快（31.2% vs -1.7%），过去两年Vistra Corp.的营收复合增速更高（23.3% vs 5.2%）
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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
CINF vs VST — 直观对比
营收规模更大
VST
是对方的1.7倍
$2.8B
营收增速更快
VST
高出33.0%
-1.7%
净利率更高
CINF
高出4.7%
4.8%
两年增速更快
VST
近两年复合增速
5.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $4.8B |
| 净利润 | $274.0M | $233.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 9.9% |
| 净利率 | 9.6% | 4.8% |
| 营收同比 | -1.7% | 31.2% |
| 净利润同比 | 404.4% | -47.2% |
| 每股收益（稀释后） | — | $0.55 |
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CINFVST
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $4.8B | ||
| Q3 25 | $3.7B | $4.8B | ||
| Q2 25 | $3.2B | $3.8B | ||
| Q1 25 | $2.6B | $4.3B | ||
| Q4 24 | $2.5B | $3.7B | ||
| Q3 24 | $3.3B | $4.3B | ||
| Q2 24 | $2.5B | $3.6B |
净利润CINFVST
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $233.0M | ||
| Q3 25 | $1.1B | $652.0M | ||
| Q2 25 | $685.0M | $327.0M | ||
| Q1 25 | $-90.0M | $-268.0M | ||
| Q4 24 | $405.0M | $441.0M | ||
| Q3 24 | $820.0M | $1.9B | ||
| Q2 24 | $312.0M | $365.0M |
营业利润率CINFVST
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 9.9% | ||
| Q3 25 | 37.9% | 21.7% | ||
| Q2 25 | 26.3% | 13.7% | ||
| Q1 25 | -5.0% | -2.8% | ||
| Q4 24 | 18.9% | 16.4% | ||
| Q3 24 | 31.3% | 59.6% | ||
| Q2 24 | 15.2% | 22.5% |
净利率CINFVST
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 4.8% | ||
| Q3 25 | 30.1% | 13.6% | ||
| Q2 25 | 21.1% | 8.7% | ||
| Q1 25 | -3.5% | -6.3% | ||
| Q4 24 | 16.0% | 12.0% | ||
| Q3 24 | 24.7% | 43.5% | ||
| Q2 24 | 12.3% | 10.1% |
每股收益（稀释后）CINFVST
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $0.55 | ||
| Q3 25 | $7.11 | $1.75 | ||
| Q2 25 | $4.34 | $0.81 | ||
| Q1 25 | $-0.57 | $-0.93 | ||
| Q4 24 | $2.57 | $1.09 | ||
| Q3 24 | $5.20 | $5.25 | ||
| Q2 24 | $1.98 | $0.90 |
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 | $785.0M |
| 总债务越低越好 | $816.0M | $15.8B |
| 股东权益账面价值 | $15.7B | $5.1B |
| 总资产 | $41.2B | $41.5B |
| 负债/权益比越低杠杆越低 | 0.05× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资CINFVST
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $785.0M | ||
| Q3 25 | $1.6B | $602.0M | ||
| Q2 25 | $1.1B | $458.0M | ||
| Q1 25 | $1.1B | $561.0M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.8B | $905.0M | ||
| Q2 24 | $771.0M | $1.6B |
总债务CINFVST
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | $15.8B | ||
| Q3 25 | $858.0M | $15.8B | ||
| Q2 25 | $859.0M | $15.5B | ||
| Q1 25 | $853.0M | $15.4B | ||
| Q4 24 | $850.0M | $15.4B | ||
| Q3 24 | $849.0M | $13.9B | ||
| Q2 24 | $849.0M | $13.9B |
股东权益CINFVST
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $5.1B | ||
| Q3 25 | $15.4B | $5.2B | ||
| Q2 25 | $14.3B | $4.8B | ||
| Q1 25 | $13.7B | $4.8B | ||
| Q4 24 | $13.9B | $5.6B | ||
| Q3 24 | $13.8B | $5.4B | ||
| Q2 24 | $12.8B | $5.6B |
总资产CINFVST
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $41.5B | ||
| Q3 25 | $40.6B | $38.0B | ||
| Q2 25 | $38.8B | $38.1B | ||
| Q1 25 | $37.3B | $38.2B | ||
| Q4 24 | $36.5B | $37.8B | ||
| Q3 24 | $37.0B | $37.9B | ||
| Q2 24 | $34.8B | $39.1B |
负债/权益比CINFVST
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | 3.11× | ||
| Q3 25 | 0.06× | 3.02× | ||
| Q2 25 | 0.06× | 3.22× | ||
| Q1 25 | 0.06× | 3.20× | ||
| Q4 24 | 0.06× | 2.77× | ||
| Q3 24 | 0.06× | 2.56× | ||
| Q2 24 | 0.07× | 2.49× |
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 | — | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $596.0M |
| 自由现金流率自由现金流/营收 | — | 12.4% |
| 资本支出强度资本支出/营收 | — | 17.4% |
| 现金转化率经营现金流/净利润 | — | 6.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流CINFVST
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $1.4B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $741.0M | $572.0M | ||
| Q1 25 | $310.0M | $599.0M | ||
| Q4 24 | $642.0M | $1.4B | ||
| Q3 24 | $912.0M | $1.7B | ||
| Q2 24 | $742.0M | $1.2B |
自由现金流CINFVST
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | $596.0M | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $737.0M | $-118.0M | ||
| Q1 25 | $307.0M | $-169.0M | ||
| Q4 24 | $638.0M | $923.0M | ||
| Q3 24 | $906.0M | $1.0B | ||
| Q2 24 | $737.0M | $698.0M |
自由现金流率CINFVST
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | 12.4% | ||
| Q3 25 | 29.8% | 21.1% | ||
| Q2 25 | 22.7% | -3.1% | ||
| Q1 25 | 12.0% | -4.0% | ||
| Q4 24 | 25.1% | 25.2% | ||
| Q3 24 | 27.3% | 23.4% | ||
| Q2 24 | 29.0% | 19.4% |
资本支出强度CINFVST
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 17.4% | ||
| Q3 25 | 0.1% | 9.6% | ||
| Q2 25 | 0.1% | 18.4% | ||
| Q1 25 | 0.1% | 18.1% | ||
| Q4 24 | 0.2% | 11.7% | ||
| Q3 24 | 0.2% | 15.8% | ||
| Q2 24 | 0.2% | 13.8% |
现金转化率CINFVST
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 6.15× | ||
| Q3 25 | 0.99× | 2.25× | ||
| Q2 25 | 1.08× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.59× | 3.07× | ||
| Q3 24 | 1.11× | 0.90× | ||
| Q2 24 | 2.38× | 3.28× |
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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
