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戴德梁行（CWK）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
戴德梁行的季度营收约是RENAISSANCERE HOLDINGS LTD的1.3倍（$2.9B vs $2.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs -0.8%，领先24.3%），戴德梁行同比增速更快（10.8% vs -36.8%），过去两年戴德梁行的营收复合增速更高（15.5% vs -11.9%）
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
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。
CWK vs RNR — 直观对比
营收规模更大
CWK
是对方的1.3倍
$2.2B
营收增速更快
CWK
高出47.6%
-36.8%
净利率更高
RNR
高出24.3%
-0.8%
两年增速更快
CWK
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.2B |
| 净利润 | $-22.4M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 6.1% | — |
| 净利率 | -0.8% | 23.5% |
| 营收同比 | 10.8% | -36.8% |
| 净利润同比 | -119.8% | 72.6% |
| 每股收益（稀释后） | $-0.10 | $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CWKRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.9B | $3.0B | ||
| Q3 25 | $2.6B | $3.2B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $2.3B | $4.0B | ||
| Q2 24 | $2.3B | $2.8B |
净利润CWKRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-22.4M | $760.5M | ||
| Q3 25 | $51.4M | $916.5M | ||
| Q2 25 | $57.3M | $835.4M | ||
| Q1 25 | $1.9M | $170.0M | ||
| Q4 24 | $112.9M | $-189.7M | ||
| Q3 24 | $33.7M | $1.2B | ||
| Q2 24 | $13.5M | $503.9M |
营业利润率CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 42.5% | ||
| Q3 25 | 4.1% | 46.3% | ||
| Q2 25 | 4.9% | 41.8% | ||
| Q1 25 | 2.0% | -2.0% | ||
| Q4 24 | 6.6% | -3.6% | ||
| Q3 24 | 3.2% | 43.7% | ||
| Q2 24 | 3.1% | 25.0% |
净利率CWKRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | -0.8% | 25.6% | ||
| Q3 25 | 2.0% | 28.7% | ||
| Q2 25 | 2.3% | 26.1% | ||
| Q1 25 | 0.1% | 4.9% | ||
| Q4 24 | 4.3% | -8.3% | ||
| Q3 24 | 1.4% | 29.8% | ||
| Q2 24 | 0.6% | 17.8% |
每股收益（稀释后）CWKRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-0.10 | $16.16 | ||
| Q3 25 | $0.22 | $19.40 | ||
| Q2 25 | $0.25 | $17.20 | ||
| Q1 25 | $0.01 | $3.27 | ||
| Q4 24 | $0.49 | $-3.76 | ||
| Q3 24 | $0.14 | $22.62 | ||
| Q2 24 | $0.06 | $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 | $784.2M | $1.6B |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.0B | $4.3B |
| 总资产 | $7.7B | $53.7B |
| 负债/权益比越低杠杆越低 | 1.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CWKRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $784.2M | $1.7B | ||
| Q3 25 | $634.4M | $1.7B | ||
| Q2 25 | $618.2M | $1.4B | ||
| Q1 25 | $623.2M | $1.6B | ||
| Q4 24 | $793.3M | $1.7B | ||
| Q3 24 | $775.4M | $1.6B | ||
| Q2 24 | $567.3M | $1.6B |
总债务CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $2.8B | $2.2B | ||
| Q2 25 | $3.0B | $2.3B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.1B | $2.0B |
股东权益CWKRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.0B | $11.6B | ||
| Q3 25 | $2.0B | $11.5B | ||
| Q2 25 | $1.9B | $10.8B | ||
| Q1 25 | $1.8B | $10.3B | ||
| Q4 24 | $1.8B | $10.6B | ||
| Q3 24 | $1.7B | $11.2B | ||
| Q2 24 | $1.6B | $10.2B |
总资产CWKRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $7.7B | $53.8B | ||
| Q3 25 | $7.7B | $54.5B | ||
| Q2 25 | $7.6B | $54.7B | ||
| Q1 25 | $7.4B | $53.6B | ||
| Q4 24 | $7.5B | $50.7B | ||
| Q3 24 | $7.5B | $52.8B | ||
| Q2 24 | $7.3B | $51.6B |
负债/权益比CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.20× | ||
| Q3 25 | 1.45× | 0.19× | ||
| Q2 25 | 1.57× | 0.21× | ||
| Q1 25 | 1.70× | 0.27× | ||
| Q4 24 | 1.73× | 0.18× | ||
| Q3 24 | 1.81× | 0.17× | ||
| Q2 24 | 1.91× | 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 | $257.3M | — |
| 自由现金流经营现金流 - 资本支出 | $234.3M | — |
| 自由现金流率自由现金流/营收 | 8.0% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $293.0M | — |
8季度趋势，按日历期对齐
经营现金流CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | $257.3M | $483.0M | ||
| Q3 25 | $235.5M | $1.6B | ||
| Q2 25 | $9.6M | $1.5B | ||
| Q1 25 | $-162.0M | $157.8M | ||
| Q4 24 | $115.2M | $778.9M | ||
| Q3 24 | $196.1M | $1.5B | ||
| Q2 24 | $21.8M | $1.2B |
自由现金流CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | $234.3M | — | ||
| Q3 25 | $225.0M | — | ||
| Q2 25 | $300.0K | — | ||
| Q1 25 | $-166.6M | — | ||
| Q4 24 | $105.9M | — | ||
| Q3 24 | $186.7M | — | ||
| Q2 24 | $10.0M | — |
自由现金流率CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | -7.3% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 0.4% | — |
资本支出强度CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.5% | — |
现金转化率CWKRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 4.58× | 1.73× | ||
| Q2 25 | 0.17× | 1.76× | ||
| Q1 25 | -85.26× | 0.93× | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | 1.26× | ||
| Q2 24 | 1.61× | 2.41× |
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
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
RNR
暂无分部数据
