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Corebridge Financial, Inc.（CRBG）与LINCOLN NATIONAL CORP（LNC）财务数据对比。点击上方公司名可切换其他公司
Corebridge Financial, Inc.的季度营收约是LINCOLN NATIONAL CORP的1.4倍（$6.7B vs $4.9B）。LINCOLN NATIONAL CORP净利率更高（15.3% vs 12.1%，领先3.2%）。Corebridge Financial, Inc.同比增速更快（1.7% vs -2.8%）。过去两年LINCOLN NATIONAL CORP的营收复合增速更高（9.4% vs 7.4%）
Corebridge Financial, Inc.是美国知名金融服务提供商，下设个人退休、人寿保险、退休服务、机构市场四大核心业务板块，可为客户提供年金、寿险产品、退休规划、财富管理等综合金融服务，满足不同群体的多元财务需求。
林肯国民公司是美国财富200强控股企业，通过旗下多家子公司开展保险、投资管理等多元金融业务，“林肯金融集团”是该公司及其所有子公司共同使用的市场推广品牌名称。
CRBG vs LNC — 直观对比
营收规模更大
CRBG
是对方的1.4倍
$4.9B
营收增速更快
CRBG
高出4.5%
-2.8%
净利率更高
LNC
高出3.2%
12.1%
两年增速更快
LNC
近两年复合增速
7.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.7B | $4.9B |
| 净利润 | $814.0M | $755.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.4% | 18.6% |
| 净利率 | 12.1% | 15.3% |
| 营收同比 | 1.7% | -2.8% |
| 净利润同比 | -62.5% | -55.2% |
| 每股收益（稀释后） | $1.44 | $4.32 |
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CRBGLNC
| Q4 25 | $6.7B | $4.9B | ||
| Q3 25 | $5.4B | $4.6B | ||
| Q2 25 | $2.7B | $4.0B | ||
| Q1 25 | $3.6B | $4.7B | ||
| Q4 24 | $6.6B | $5.1B | ||
| Q3 24 | $2.6B | $4.1B | ||
| Q2 24 | $3.7B | $5.2B | ||
| Q1 24 | $5.8B | $4.1B |
净利润CRBGLNC
| Q4 25 | $814.0M | $755.0M | ||
| Q3 25 | $144.0M | $445.0M | ||
| Q2 25 | $-660.0M | $699.0M | ||
| Q1 25 | $-664.0M | $-722.0M | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $-1.2B | $-528.0M | ||
| Q2 24 | $365.0M | $895.0M | ||
| Q1 24 | $878.0M | $1.2B |
营业利润率CRBGLNC
| Q4 25 | 14.4% | 18.6% | ||
| Q3 25 | -0.8% | 11.5% | ||
| Q2 25 | -22.2% | 21.0% | ||
| Q1 25 | -24.0% | -20.2% | ||
| Q4 24 | 44.2% | 41.5% | ||
| Q3 24 | -60.9% | -17.1% | ||
| Q2 24 | 12.3% | 21.3% | ||
| Q1 24 | 17.4% | 37.1% |
净利率CRBGLNC
| Q4 25 | 12.1% | 15.3% | ||
| Q3 25 | 2.7% | 9.8% | ||
| Q2 25 | -24.1% | 17.3% | ||
| Q1 25 | -18.5% | -15.4% | ||
| Q4 24 | 32.8% | 33.3% | ||
| Q3 24 | -45.3% | -12.8% | ||
| Q2 24 | 9.8% | 17.4% | ||
| Q1 24 | 15.0% | 29.7% |
每股收益（稀释后）CRBGLNC
| Q4 25 | $1.44 | $4.32 | ||
| Q3 25 | $0.27 | $2.12 | ||
| Q2 25 | $-1.20 | $3.80 | ||
| Q1 25 | $-1.19 | $-4.41 | ||
| Q4 24 | $3.74 | $9.66 | ||
| Q3 24 | $-2.02 | $-3.29 | ||
| Q2 24 | $0.59 | $5.11 | ||
| Q1 24 | $1.41 | $6.93 |
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 | — | — |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $13.2B | $10.9B |
| 总资产 | $413.5B | $417.2B |
| 负债/权益比越低杠杆越低 | — | 0.57× |
8季度趋势，按日历期对齐
总债务CRBGLNC
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.7B | ||
| Q1 24 | — | $5.7B |
股东权益CRBGLNC
| Q4 25 | $13.2B | $10.9B | ||
| Q3 25 | $13.5B | $10.5B | ||
| Q2 25 | $12.3B | $9.5B | ||
| Q1 25 | $12.0B | $8.2B | ||
| Q4 24 | $11.5B | $8.3B | ||
| Q3 24 | $13.6B | $9.0B | ||
| Q2 24 | $11.0B | $7.9B | ||
| Q1 24 | $11.6B | $7.5B |
总资产CRBGLNC
| Q4 25 | $413.5B | $417.2B | ||
| Q3 25 | $411.3B | $415.3B | ||
| Q2 25 | $399.2B | $399.1B | ||
| Q1 25 | $390.0B | $382.9B | ||
| Q4 24 | $389.4B | $390.8B | ||
| Q3 24 | $399.4B | $396.8B | ||
| Q2 24 | $382.5B | $384.5B | ||
| Q1 24 | $385.6B | $383.4B |
负债/权益比CRBGLNC
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.76× |
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 | $1.9B | $233.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.31× | 0.31× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CRBGLNC
| Q4 25 | $1.9B | $233.0M | ||
| Q3 25 | $24.0M | $-1.1B | ||
| Q2 25 | $-259.0M | $1.0B | ||
| Q1 25 | $375.0M | $-272.0M | ||
| Q4 24 | $1.5B | $222.0M | ||
| Q3 24 | $83.0M | $-27.0M | ||
| Q2 24 | $-9.0M | $-859.0M | ||
| Q1 24 | $598.0M | $-1.3B |
现金转化率CRBGLNC
| Q4 25 | 2.31× | 0.31× | ||
| Q3 25 | 0.17× | -2.56× | ||
| Q2 25 | — | 1.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.68× | 0.13× | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.02× | -0.96× | ||
| Q1 24 | 0.68× | -1.10× |
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
CRBG
| Institutional Markets Segment | $2.9B | 43% |
| Life Insurance Operating Segment | $1.1B | 16% |
| Individual Retirement Segment | $1.0B | 16% |
| Other | $1.0B | 15% |
| Group Retirement Segment | $667.0M | 10% |
LNC
| Life Segment | $1.6B | 33% |
| Group Protection Segment | $1.5B | 31% |
| Annuities Segment | $1.3B | 27% |
| Other | $435.0M | 9% |
