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Fidelis Insurance Holdings Ltd（FIHL）与美世（MERC）财务数据对比。点击上方公司名可切换其他公司
Fidelis Insurance Holdings Ltd的季度营收约是美世的1.5倍（$651.9M vs $449.5M），Fidelis Insurance Holdings Ltd净利率更高（20.0% vs -68.7%，领先88.7%），Fidelis Insurance Holdings Ltd同比增速更快（-5.0% vs -8.0%），Fidelis Insurance Holdings Ltd自由现金流更多（$154.6M vs $32.0M）
Fidelis Insurance Holdings Ltd是总部位于百慕大的全球特种保险与再保险服务商，提供财产、意外伤害、海事、航空等领域的定制化风险保障方案，服务范围覆盖北美、欧洲等地区的企业及机构客户。
美世是1945年成立的美国咨询公司，为全球专业服务集团威达信的四大运营子公司之一，总部位于纽约，在43个国家设有办事处，业务覆盖130个国家，主要为客户提供人力资源与金融咨询服务。
FIHL vs MERC — 直观对比
营收规模更大
FIHL
是对方的1.5倍
$449.5M
营收增速更快
FIHL
高出3.0%
-8.0%
净利率更高
FIHL
高出88.7%
-68.7%
自由现金流更多
FIHL
多$122.6M
$32.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $651.9M | $449.5M |
| 净利润 | $130.5M | $-308.7M |
| 毛利率 | — | — |
| 营业利润率 | 24.7% | -62.0% |
| 净利率 | 20.0% | -68.7% |
| 营收同比 | -5.0% | -8.0% |
| 净利润同比 | 29.7% | -1947.7% |
| 每股收益（稀释后） | $1.24 | $-4.61 |
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FIHLMERC
| Q4 25 | — | $449.5M | ||
| Q3 25 | $651.9M | $458.1M | ||
| Q2 25 | $589.3M | $453.5M | ||
| Q1 25 | $658.4M | $507.0M | ||
| Q4 24 | — | $488.4M | ||
| Q3 24 | $686.1M | $502.1M | ||
| Q2 24 | $540.1M | $499.4M | ||
| Q1 24 | $520.0M | $553.4M |
净利润FIHLMERC
| Q4 25 | — | $-308.7M | ||
| Q3 25 | $130.5M | $-80.8M | ||
| Q2 25 | $19.7M | $-86.1M | ||
| Q1 25 | $-42.5M | $-22.3M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | $100.6M | $-17.6M | ||
| Q2 24 | $53.7M | $-67.6M | ||
| Q1 24 | $81.2M | $-16.7M |
营业利润率FIHLMERC
| Q4 25 | — | -62.0% | ||
| Q3 25 | 24.7% | -14.8% | ||
| Q2 25 | 3.8% | -12.9% | ||
| Q1 25 | -7.6% | 1.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 17.2% | 1.8% | ||
| Q2 24 | 11.6% | -8.8% | ||
| Q1 24 | 18.3% | -0.1% |
净利率FIHLMERC
| Q4 25 | — | -68.7% | ||
| Q3 25 | 20.0% | -17.6% | ||
| Q2 25 | 3.3% | -19.0% | ||
| Q1 25 | -6.5% | -4.4% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 14.7% | -3.5% | ||
| Q2 24 | 9.9% | -13.5% | ||
| Q1 24 | 15.6% | -3.0% |
每股收益（稀释后）FIHLMERC
| Q4 25 | — | $-4.61 | ||
| Q3 25 | $1.24 | $-1.21 | ||
| Q2 25 | $0.18 | $-1.29 | ||
| Q1 25 | $-0.38 | $-0.33 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | $0.88 | $-0.26 | ||
| Q2 24 | $0.46 | $-1.01 | ||
| Q1 24 | $0.69 | $-0.25 |
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 | $892.5M | $186.8M |
| 总债务越低越好 | $842.9M | $1.6B |
| 股东权益账面价值 | $2.4B | $68.1M |
| 总资产 | $12.5B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.35× | 23.58× |
8季度趋势，按日历期对齐
现金及短期投资FIHLMERC
| Q4 25 | — | $186.8M | ||
| Q3 25 | $892.5M | $98.1M | ||
| Q2 25 | $919.4M | $146.5M | ||
| Q1 25 | $733.4M | $181.5M | ||
| Q4 24 | — | $184.9M | ||
| Q3 24 | $806.8M | $239.0M | ||
| Q2 24 | $628.6M | $263.2M | ||
| Q1 24 | $671.7M | $274.3M |
总债务FIHLMERC
| Q4 25 | — | $1.6B | ||
| Q3 25 | $842.9M | $1.5B | ||
| Q2 25 | $842.6M | $1.5B | ||
| Q1 25 | $449.1M | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $448.8M | $1.6B | ||
| Q2 24 | $448.6M | $1.6B | ||
| Q1 24 | $448.4M | $1.6B |
股东权益FIHLMERC
| Q4 25 | — | $68.1M | ||
| Q3 25 | $2.4B | $359.5M | ||
| Q2 25 | $2.3B | $446.5M | ||
| Q1 25 | $2.4B | $437.4M | ||
| Q4 24 | — | $429.8M | ||
| Q3 24 | $2.6B | $516.8M | ||
| Q2 24 | $2.5B | $487.7M | ||
| Q1 24 | $2.5B | $573.6M |
总资产FIHLMERC
| Q4 25 | — | $2.0B | ||
| Q3 25 | $12.5B | $2.3B | ||
| Q2 25 | $13.0B | $2.4B | ||
| Q1 25 | $12.8B | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $11.7B | $2.5B | ||
| Q2 24 | $11.9B | $2.5B | ||
| Q1 24 | $11.3B | $2.6B |
负债/权益比FIHLMERC
| Q4 25 | — | 23.58× | ||
| Q3 25 | 0.35× | 4.30× | ||
| Q2 25 | 0.36× | 3.42× | ||
| Q1 25 | 0.19× | 3.44× | ||
| Q4 24 | — | 3.43× | ||
| Q3 24 | 0.17× | 3.09× | ||
| Q2 24 | 0.18× | 3.22× | ||
| Q1 24 | 0.18× | 2.82× |
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 | $155.2M | $46.2M |
| 自由现金流经营现金流 - 资本支出 | $154.6M | $32.0M |
| 自由现金流率自由现金流/营收 | 23.7% | 7.1% |
| 资本支出强度资本支出/营收 | 0.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | $-320.9M | $-80.0M |
8季度趋势，按日历期对齐
经营现金流FIHLMERC
| Q4 25 | — | $46.2M | ||
| Q3 25 | $155.2M | $-30.1M | ||
| Q2 25 | $-359.2M | $-4.5M | ||
| Q1 25 | $-433.1M | $-3.0M | ||
| Q4 24 | — | $71.2M | ||
| Q3 24 | $318.9M | $-13.9M | ||
| Q2 24 | $208.5M | $62.2M | ||
| Q1 24 | $-35.3M | $-29.2M |
自由现金流FIHLMERC
| Q4 25 | — | $32.0M | ||
| Q3 25 | $154.6M | $-60.1M | ||
| Q2 25 | $-359.3M | $-28.9M | ||
| Q1 25 | $-433.4M | $-23.1M | ||
| Q4 24 | — | $50.4M | ||
| Q3 24 | $317.2M | $-41.2M | ||
| Q2 24 | $206.6M | $44.3M | ||
| Q1 24 | $-35.6M | $-47.7M |
自由现金流率FIHLMERC
| Q4 25 | — | 7.1% | ||
| Q3 25 | 23.7% | -13.1% | ||
| Q2 25 | -61.0% | -6.4% | ||
| Q1 25 | -65.8% | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 46.2% | -8.2% | ||
| Q2 24 | 38.3% | 8.9% | ||
| Q1 24 | -6.8% | -8.6% |
资本支出强度FIHLMERC
| Q4 25 | — | 3.1% | ||
| Q3 25 | 0.1% | 6.6% | ||
| Q2 25 | 0.0% | 5.4% | ||
| Q1 25 | 0.0% | 4.0% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 0.2% | 5.4% | ||
| Q2 24 | 0.4% | 3.6% | ||
| Q1 24 | 0.1% | 3.3% |
现金转化率FIHLMERC
| Q4 25 | — | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | -18.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | 3.17× | — | ||
| Q2 24 | 3.88× | — | ||
| Q1 24 | -0.43× | — |
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
FIHL
暂无分部数据
MERC
| Other | $215.3M | 48% |
| Solid Wood | $110.2M | 25% |
| Lumber | $54.9M | 12% |
| Pallets | $23.7M | 5% |
| Energyandchemicals | $18.7M | 4% |
| Manufactured Products | $14.1M | 3% |
| Biofuels | $10.0M | 2% |
| Wood Residuals | $2.6M | 1% |
