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Graham Holdings Co（GHC）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
RENAISSANCERE HOLDINGS LTD的季度营收约是Graham Holdings Co的1.8倍（$2.2B vs $1.3B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 8.7%，领先14.8%），Graham Holdings Co同比增速更快（0.4% vs -36.8%），过去两年Graham Holdings Co的营收复合增速更高（4.2% vs -11.9%）
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
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。
GHC vs RNR — 直观对比
营收规模更大
RNR
是对方的1.8倍
$1.3B
营收增速更快
GHC
高出37.2%
-36.8%
净利率更高
RNR
高出14.8%
8.7%
两年增速更快
GHC
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.2B |
| 净利润 | $108.7M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 3.8% | — |
| 净利率 | 8.7% | 23.5% |
| 营收同比 | 0.4% | -36.8% |
| 净利润同比 | -80.2% | 72.6% |
| 每股收益（稀释后） | $24.76 | $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GHCRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.3B | $3.0B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.2B | $2.8B |
净利润GHCRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $108.7M | $760.5M | ||
| Q3 25 | $122.9M | $916.5M | ||
| Q2 25 | $36.7M | $835.4M | ||
| Q1 25 | $23.9M | $170.0M | ||
| Q4 24 | $548.8M | $-189.7M | ||
| Q3 24 | $72.5M | $1.2B | ||
| Q2 24 | $-21.0M | $503.9M |
营业利润率GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 42.5% | ||
| Q3 25 | 5.2% | 46.3% | ||
| Q2 25 | 6.0% | 41.8% | ||
| Q1 25 | 4.1% | -2.0% | ||
| Q4 24 | 5.8% | -3.6% | ||
| Q3 24 | 6.8% | 43.7% | ||
| Q2 24 | 2.2% | 25.0% |
净利率GHCRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 8.7% | 25.6% | ||
| Q3 25 | 9.6% | 28.7% | ||
| Q2 25 | 3.0% | 26.1% | ||
| Q1 25 | 2.0% | 4.9% | ||
| Q4 24 | 44.1% | -8.3% | ||
| Q3 24 | 6.0% | 29.8% | ||
| Q2 24 | -1.8% | 17.8% |
每股收益（稀释后）GHCRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $24.76 | $16.16 | ||
| Q3 25 | $27.91 | $19.40 | ||
| Q2 25 | $8.35 | $17.20 | ||
| Q1 25 | $5.45 | $3.27 | ||
| Q4 24 | $124.05 | $-3.76 | ||
| Q3 24 | $16.42 | $22.62 | ||
| Q2 24 | $-4.79 | $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 | $267.0M | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $4.3B |
| 总资产 | $8.4B | $53.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GHCRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $267.0M | $1.7B | ||
| Q3 25 | $190.8M | $1.7B | ||
| Q2 25 | $176.2M | $1.4B | ||
| Q1 25 | $156.7M | $1.6B | ||
| Q4 24 | $260.9M | $1.7B | ||
| Q3 24 | $244.4M | $1.6B | ||
| Q2 24 | $140.7M | $1.6B |
总债务GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益GHCRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $4.8B | $11.6B | ||
| Q3 25 | $4.5B | $11.5B | ||
| Q2 25 | $4.4B | $10.8B | ||
| Q1 25 | $4.3B | $10.3B | ||
| Q4 24 | $4.3B | $10.6B | ||
| Q3 24 | $4.0B | $11.2B | ||
| Q2 24 | $4.0B | $10.2B |
总资产GHCRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $8.4B | $53.8B | ||
| Q3 25 | $7.9B | $54.5B | ||
| Q2 25 | $7.6B | $54.7B | ||
| Q1 25 | $7.6B | $53.6B | ||
| Q4 24 | $7.7B | $50.7B | ||
| Q3 24 | $7.4B | $52.8B | ||
| Q2 24 | $7.2B | $51.6B |
负债/权益比GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 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 | $28.3M | — |
| 自由现金流经营现金流 - 资本支出 | $5.0M | — |
| 自由现金流率自由现金流/营收 | 0.4% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $275.3M | — |
8季度趋势，按日历期对齐
经营现金流GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | $28.3M | $483.0M | ||
| Q3 25 | $178.1M | $1.6B | ||
| Q2 25 | $94.8M | $1.5B | ||
| Q1 25 | $46.0M | $157.8M | ||
| Q4 24 | $116.3M | $778.9M | ||
| Q3 24 | $237.6M | $1.5B | ||
| Q2 24 | $52.0M | $1.2B |
自由现金流GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $161.8M | — | ||
| Q2 25 | $78.0M | — | ||
| Q1 25 | $30.5M | — | ||
| Q4 24 | $91.1M | — | ||
| Q3 24 | $219.4M | — | ||
| Q2 24 | $33.7M | — |
自由现金流率GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 2.8% | — |
资本支出强度GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.5% | — |
现金转化率GHCRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 0.64× | ||
| Q3 25 | 1.45× | 1.73× | ||
| Q2 25 | 2.58× | 1.76× | ||
| Q1 25 | 1.93× | 0.93× | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 3.28× | 1.26× | ||
| Q2 24 | — | 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
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
RNR
暂无分部数据
