vs
Cincinnati Financial（CINF）与永利度假村（WYNN）财务数据对比。点击上方公司名可切换其他公司
Cincinnati Financial的季度营收约是永利度假村的1.5倍（$2.8B vs $1.9B），Cincinnati Financial净利率更高（9.6% vs 5.4%，领先4.2%），永利度假村同比增速更快（1.5% vs -1.7%），过去两年Cincinnati Financial的营收复合增速更高（5.2% vs 0.1%）
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。
永利度假村是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店及博彩度假村的开发与运营。公司2002年由前梦幻度假村董事长兼首席执行官史蒂夫·永利创立，现任首席执行官为克雷格·比林斯，截至2020年已在全球布局6处优质物业。
CINF vs WYNN — 直观对比
营收规模更大
CINF
是对方的1.5倍
$1.9B
营收增速更快
WYNN
高出3.2%
-1.7%
净利率更高
CINF
高出4.2%
5.4%
两年增速更快
CINF
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $1.9B |
| 净利润 | $274.0M | $100.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 14.7% |
| 净利率 | 9.6% | 5.4% |
| 营收同比 | -1.7% | 1.5% |
| 净利润同比 | 404.4% | -63.9% |
| 每股收益（稀释后） | — | $0.96 |
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CINFWYNN
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $3.7B | $1.8B | ||
| Q2 25 | $3.2B | $1.7B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $3.3B | $1.7B | ||
| Q2 24 | $2.5B | $1.7B |
净利润CINFWYNN
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $100.0M | ||
| Q3 25 | $1.1B | $88.3M | ||
| Q2 25 | $685.0M | $66.2M | ||
| Q1 25 | $-90.0M | $72.7M | ||
| Q4 24 | $405.0M | $277.0M | ||
| Q3 24 | $820.0M | $-32.1M | ||
| Q2 24 | $312.0M | $111.9M |
营业利润率CINFWYNN
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 14.7% | ||
| Q3 25 | 37.9% | 16.9% | ||
| Q2 25 | 26.3% | 15.2% | ||
| Q1 25 | -5.0% | 15.8% | ||
| Q4 24 | 18.9% | 20.0% | ||
| Q3 24 | 31.3% | 7.9% | ||
| Q2 24 | 15.2% | 15.6% |
净利率CINFWYNN
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 5.4% | ||
| Q3 25 | 30.1% | 4.8% | ||
| Q2 25 | 21.1% | 3.8% | ||
| Q1 25 | -3.5% | 4.3% | ||
| Q4 24 | 16.0% | 15.1% | ||
| Q3 24 | 24.7% | -1.9% | ||
| Q2 24 | 12.3% | 6.5% |
每股收益（稀释后）CINFWYNN
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $0.96 | ||
| Q3 25 | $7.11 | $0.85 | ||
| Q2 25 | $4.34 | $0.64 | ||
| Q1 25 | $-0.57 | $0.69 | ||
| Q4 24 | $2.57 | $2.43 | ||
| Q3 24 | $5.20 | $-0.29 | ||
| Q2 24 | $1.98 | $0.91 |
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 | $1.5B |
| 总债务越低越好 | $816.0M | $10.5B |
| 股东权益账面价值 | $15.7B | $-275.5M |
| 总资产 | $41.2B | $13.1B |
| 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CINFWYNN
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $1.5B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $1.1B | $2.1B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $771.0M | $2.4B |
总债务CINFWYNN
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | $10.5B | ||
| Q3 25 | $858.0M | $10.6B | ||
| Q2 25 | $859.0M | $10.5B | ||
| Q1 25 | $853.0M | $10.6B | ||
| Q4 24 | $850.0M | $10.5B | ||
| Q3 24 | $849.0M | $11.8B | ||
| Q2 24 | $849.0M | $11.0B |
股东权益CINFWYNN
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $-275.5M | ||
| Q3 25 | $15.4B | $-370.0M | ||
| Q2 25 | $14.3B | $-441.5M | ||
| Q1 25 | $13.7B | $-360.7M | ||
| Q4 24 | $13.9B | $-224.2M | ||
| Q3 24 | $13.8B | $-281.4M | ||
| Q2 24 | $12.8B | $-109.8M |
总资产CINFWYNN
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $13.1B | ||
| Q3 25 | $40.6B | $12.8B | ||
| Q2 25 | $38.8B | $12.7B | ||
| Q1 25 | $37.3B | $12.7B | ||
| Q4 24 | $36.5B | $13.0B | ||
| Q3 24 | $37.0B | $14.1B | ||
| Q2 24 | $34.8B | $13.3B |
负债/权益比CINFWYNN
| 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 | — | $478.0M |
| 自由现金流经营现金流 - 资本支出 | — | $306.8M |
| 自由现金流率自由现金流/营收 | — | 16.4% |
| 资本支出强度资本支出/营收 | — | 9.2% |
| 现金转化率经营现金流/净利润 | — | 4.78× |
| 过去12个月自由现金流最近4个季度 | — | $692.2M |
8季度趋势，按日历期对齐
经营现金流CINFWYNN
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $478.0M | ||
| Q3 25 | $1.1B | $335.8M | ||
| Q2 25 | $741.0M | $405.1M | ||
| Q1 25 | $310.0M | $133.8M | ||
| Q4 24 | $642.0M | $479.0M | ||
| Q3 24 | $912.0M | $279.3M | ||
| Q2 24 | $742.0M | $352.8M |
自由现金流CINFWYNN
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | $306.8M | ||
| Q3 25 | $1.1B | $171.8M | ||
| Q2 25 | $737.0M | $239.8M | ||
| Q1 25 | $307.0M | $-26.2M | ||
| Q4 24 | $638.0M | $351.8M | ||
| Q3 24 | $906.0M | $178.0M | ||
| Q2 24 | $737.0M | $259.1M |
自由现金流率CINFWYNN
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | 16.4% | ||
| Q3 25 | 29.8% | 9.4% | ||
| Q2 25 | 22.7% | 13.8% | ||
| Q1 25 | 12.0% | -1.5% | ||
| Q4 24 | 25.1% | 19.1% | ||
| Q3 24 | 27.3% | 10.5% | ||
| Q2 24 | 29.0% | 15.0% |
资本支出强度CINFWYNN
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 9.2% | ||
| Q3 25 | 0.1% | 8.9% | ||
| Q2 25 | 0.1% | 9.5% | ||
| Q1 25 | 0.1% | 9.4% | ||
| Q4 24 | 0.2% | 6.9% | ||
| Q3 24 | 0.2% | 6.0% | ||
| Q2 24 | 0.2% | 5.4% |
现金转化率CINFWYNN
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 4.78× | ||
| Q3 25 | 0.99× | 3.80× | ||
| Q2 25 | 1.08× | 6.12× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | 1.59× | 1.73× | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 2.38× | 3.15× |
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% |
WYNN
| Casino | $1.1B | 61% |
| Occupancy | $305.1M | 16% |
| Food And Beverage | $264.9M | 14% |
| Entertainment Retail And Other | $152.6M | 8% |
