vs
Everest Group（EG）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
LINCOLN NATIONAL CORP的季度营收约是Everest Group的1.1倍（$4.9B vs $4.4B），LINCOLN NATIONAL CORP净利率更高（15.3% vs 10.1%，领先5.3%），LINCOLN NATIONAL CORP同比增速更快（-2.8% vs -4.6%），过去两年LINCOLN NATIONAL CORP的营收复合增速更高（9.4% vs 3.4%）
Everest Group是全球领先的再保险及保险服务提供商，业务覆盖全球100余个国家和地区，面向商业机构与个人客户提供财产、意外伤害、特种保险及人寿保险等多元化产品，具备成熟的风险管理能力与深厚的行业积淀。
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。
EG vs LNC — 直观对比
营收规模更大
LNC
是对方的1.1倍
$4.4B
营收增速更快
LNC
高出1.8%
-4.6%
净利率更高
LNC
高出5.3%
10.1%
两年增速更快
LNC
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $4.9B |
| 净利润 | $446.0M | $755.0M |
| 毛利率 | — | — |
| 营业利润率 | 12.5% | 18.6% |
| 净利率 | 10.1% | 15.3% |
| 营收同比 | -4.6% | -2.8% |
| 净利润同比 | 175.2% | -55.2% |
| 每股收益（稀释后） | $10.71 | $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EGLNC
| Q4 25 | $4.4B | $4.9B | ||
| Q3 25 | $4.3B | $4.6B | ||
| Q2 25 | $4.5B | $4.0B | ||
| Q1 25 | $4.3B | $4.7B | ||
| Q4 24 | $4.6B | $5.1B | ||
| Q3 24 | $4.3B | $4.1B | ||
| Q2 24 | $4.2B | $5.2B | ||
| Q1 24 | $4.1B | $4.1B |
净利润EGLNC
| Q4 25 | $446.0M | $755.0M | ||
| Q3 25 | $255.0M | $445.0M | ||
| Q2 25 | $680.0M | $699.0M | ||
| Q1 25 | $210.0M | $-722.0M | ||
| Q4 24 | $-593.0M | $1.7B | ||
| Q3 24 | $509.0M | $-528.0M | ||
| Q2 24 | $724.0M | $895.0M | ||
| Q1 24 | $733.0M | $1.2B |
营业利润率EGLNC
| Q4 25 | 12.5% | 18.6% | ||
| Q3 25 | 6.2% | 11.5% | ||
| Q2 25 | 18.1% | 21.0% | ||
| Q1 25 | 5.8% | -20.2% | ||
| Q4 24 | -16.1% | 41.5% | ||
| Q3 24 | 13.5% | -17.1% | ||
| Q2 24 | 19.7% | 21.3% | ||
| Q1 24 | 20.1% | 37.1% |
净利率EGLNC
| Q4 25 | 10.1% | 15.3% | ||
| Q3 25 | 5.9% | 9.8% | ||
| Q2 25 | 15.1% | 17.3% | ||
| Q1 25 | 4.9% | -15.4% | ||
| Q4 24 | -12.8% | 33.3% | ||
| Q3 24 | 11.9% | -12.8% | ||
| Q2 24 | 17.1% | 17.4% | ||
| Q1 24 | 17.7% | 29.7% |
每股收益（稀释后）EGLNC
| Q4 25 | $10.71 | $4.32 | ||
| Q3 25 | $6.09 | $2.12 | ||
| Q2 25 | $16.10 | $3.80 | ||
| Q1 25 | $4.90 | $-4.41 | ||
| Q4 24 | $-13.59 | $9.66 | ||
| Q3 24 | $11.80 | $-3.29 | ||
| Q2 24 | $16.70 | $5.11 | ||
| Q1 24 | $16.87 | $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 | $15.5B | $10.9B |
| 总资产 | $62.5B | $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
现金及短期投资EGLNC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $662.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务EGLNC
| 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EGLNC
| Q4 25 | $15.5B | $10.9B | ||
| Q3 25 | $15.4B | $10.5B | ||
| Q2 25 | $15.0B | $9.5B | ||
| Q1 25 | $14.1B | $8.2B | ||
| Q4 24 | $13.9B | $8.3B | ||
| Q3 24 | $15.3B | $9.0B | ||
| Q2 24 | $14.2B | $7.9B | ||
| Q1 24 | $13.6B | $7.5B |
总资产EGLNC
| Q4 25 | $62.5B | $417.2B | ||
| Q3 25 | $62.2B | $415.3B | ||
| Q2 25 | $60.5B | $399.1B | ||
| Q1 25 | $58.1B | $382.9B | ||
| Q4 24 | $56.3B | $390.8B | ||
| Q3 24 | $55.9B | $396.8B | ||
| Q2 24 | $52.6B | $384.5B | ||
| Q1 24 | $50.9B | $383.4B |
负债/权益比EGLNC
| 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 | $-398.0M | $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 | -0.89× | 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EGLNC
| Q4 25 | $-398.0M | $233.0M | ||
| Q3 25 | $1.5B | $-1.1B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $928.0M | $-272.0M | ||
| Q4 24 | $780.0M | $222.0M | ||
| Q3 24 | $1.7B | $-27.0M | ||
| Q2 24 | $1.3B | $-859.0M | ||
| Q1 24 | $1.1B | $-1.3B |
现金转化率EGLNC
| Q4 25 | -0.89× | 0.31× | ||
| Q3 25 | 5.72× | -2.56× | ||
| Q2 25 | 1.59× | 1.45× | ||
| Q1 25 | 4.42× | — | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | 3.41× | — | ||
| Q2 24 | 1.85× | -0.96× | ||
| Q1 24 | 1.50× | -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
EG
| Insurance | $3.7B | 84% |
| Other | $705.0M | 16% |
LNC
| Life Segment | $1.6B | 33% |
| Group Protection Segment | $1.5B | 31% |
| Annuities Segment | $1.3B | 27% |
| Other | $435.0M | 9% |
