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加拿大国家铁路（CP）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
加拿大国家铁路的季度营收约是RENAISSANCERE HOLDINGS LTD的1.3倍（$2.8B vs $2.2B），加拿大国家铁路净利率更高（27.7% vs 23.5%，领先4.2%），加拿大国家铁路同比增速更快（1.3% vs -36.8%），过去两年加拿大国家铁路的营收复合增速更高（5.6% vs -11.9%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
CP vs RNR — 直观对比
营收规模更大
CP
是对方的1.3倍
$2.2B
营收增速更快
CP
高出38.1%
-36.8%
净利率更高
CP
高出4.2%
23.5%
两年增速更快
CP
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $2.2B |
| 净利润 | $786.2M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 41.4% | — |
| 净利率 | 27.7% | 23.5% |
| 营收同比 | 1.3% | -36.8% |
| 净利润同比 | -10.3% | 72.6% |
| 每股收益（稀释后） | — | $6.57 |
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CPRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.8B | $3.0B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.7B | $3.2B | ||
| Q1 25 | $2.8B | $3.5B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.6B | $2.8B |
净利润CPRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $786.2M | $760.5M | ||
| Q3 25 | $671.6M | $916.5M | ||
| Q2 25 | $900.8M | $835.4M | ||
| Q1 25 | $664.3M | $170.0M | ||
| Q4 24 | $876.7M | $-189.7M | ||
| Q3 24 | $611.0M | $1.2B | ||
| Q2 24 | $660.6M | $503.9M |
营业利润率CPRNR
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 42.5% | ||
| Q3 25 | 36.8% | 46.3% | ||
| Q2 25 | 36.6% | 41.8% | ||
| Q1 25 | 35.0% | -2.0% | ||
| Q4 24 | 40.6% | -3.6% | ||
| Q3 24 | 34.3% | 43.7% | ||
| Q2 24 | 35.4% | 25.0% |
净利率CPRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 27.7% | 25.6% | ||
| Q3 25 | 25.3% | 28.7% | ||
| Q2 25 | 33.6% | 26.1% | ||
| Q1 25 | 24.2% | 4.9% | ||
| Q4 24 | 31.2% | -8.3% | ||
| Q3 24 | 23.9% | 29.8% | ||
| Q2 24 | 25.3% | 17.8% |
每股收益（稀释后）CPRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | — | $16.16 | ||
| Q3 25 | — | $19.40 | ||
| Q2 25 | — | $17.20 | ||
| Q1 25 | — | $3.27 | ||
| Q4 24 | — | $-3.76 | ||
| Q3 24 | — | $22.62 | ||
| Q2 24 | — | $9.41 |
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 | $134.3M | $1.6B |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $33.5B | $4.3B |
| 总资产 | $62.7B | $53.7B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资CPRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $134.3M | $1.7B | ||
| Q3 25 | $300.0M | $1.7B | ||
| Q2 25 | $583.3M | $1.4B | ||
| Q1 25 | $507.4M | $1.6B | ||
| Q4 24 | $539.5M | $1.7B | ||
| Q3 24 | $338.0M | $1.6B | ||
| Q2 24 | $406.6M | $1.6B |
总债务CPRNR
| Q1 26 | — | — | ||
| Q4 25 | $14.6B | $2.3B | ||
| Q3 25 | $15.8B | $2.2B | ||
| Q2 25 | $15.5B | $2.3B | ||
| Q1 25 | $15.4B | $2.8B | ||
| Q4 24 | $14.5B | $1.9B | ||
| Q3 24 | $13.7B | $1.9B | ||
| Q2 24 | $13.8B | $2.0B |
股东权益CPRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $33.5B | $11.6B | ||
| Q3 25 | $33.4B | $11.5B | ||
| Q2 25 | $33.7B | $10.8B | ||
| Q1 25 | $35.2B | $10.3B | ||
| Q4 24 | $35.0B | $10.6B | ||
| Q3 24 | $32.2B | $11.2B | ||
| Q2 24 | $32.0B | $10.2B |
总资产CPRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $62.7B | $53.8B | ||
| Q3 25 | $63.3B | $54.5B | ||
| Q2 25 | $62.2B | $54.7B | ||
| Q1 25 | $64.3B | $53.6B | ||
| Q4 24 | $64.1B | $50.7B | ||
| Q3 24 | $60.0B | $52.8B | ||
| Q2 24 | $60.4B | $51.6B |
负债/权益比CPRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.20× | ||
| Q3 25 | 0.47× | 0.19× | ||
| Q2 25 | 0.46× | 0.21× | ||
| Q1 25 | 0.44× | 0.27× | ||
| Q4 24 | 0.41× | 0.18× | ||
| Q3 24 | 0.42× | 0.17× | ||
| Q2 24 | 0.43× | 0.19× |
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 | $1.1B | — |
| 自由现金流经营现金流 - 资本支出 | $537.3M | — |
| 自由现金流率自由现金流/营收 | 18.9% | — |
| 资本支出强度资本支出/营收 | 20.2% | — |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | — |
8季度趋势，按日历期对齐
经营现金流CPRNR
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $483.0M | ||
| Q3 25 | $930.0M | $1.6B | ||
| Q2 25 | $989.1M | $1.5B | ||
| Q1 25 | $843.9M | $157.8M | ||
| Q4 24 | $1.2B | $778.9M | ||
| Q3 24 | $928.6M | $1.5B | ||
| Q2 24 | $932.9M | $1.2B |
自由现金流CPRNR
| Q1 26 | — | — | ||
| Q4 25 | $537.3M | — | ||
| Q3 25 | $302.2M | — | ||
| Q2 25 | $446.8M | — | ||
| Q1 25 | $324.9M | — | ||
| Q4 24 | $702.3M | — | ||
| Q3 24 | $382.5M | — | ||
| Q2 24 | $343.1M | — |
自由现金流率CPRNR
| Q1 26 | — | — | ||
| Q4 25 | 18.9% | — | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 16.7% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 13.1% | — |
资本支出强度CPRNR
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 20.2% | — | ||
| Q1 25 | 18.9% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 22.6% | — |
现金转化率CPRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 0.64× | ||
| Q3 25 | 1.38× | 1.73× | ||
| Q2 25 | 1.10× | 1.76× | ||
| Q1 25 | 1.27× | 0.93× | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.52× | 1.26× | ||
| Q2 24 | 1.41× | 2.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
