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Globe Life（GL）与Loews Corporation（L）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是Loews Corporation的1.9倍（$1.6B vs $827.0M），Loews Corporation净利率更高（48.6% vs 17.3%，领先31.3%），Globe Life同比增速更快（5.3% vs 4.8%），过去两年Loews Corporation的营收复合增速更高（7.9% vs 4.1%）
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
GL vs L — 直观对比
营收规模更大
GL
是对方的1.9倍
$827.0M
营收增速更快
GL
高出0.5%
4.8%
净利率更高
L
高出31.3%
17.3%
两年增速更快
L
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $827.0M |
| 净利润 | $270.5M | $402.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 65.4% |
| 净利率 | 17.3% | 48.6% |
| 营收同比 | 5.3% | 4.8% |
| 净利润同比 | 6.3% | 115.0% |
| 每股收益（稀释后） | $3.39 | $1.93 |
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GLL
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $827.0M | ||
| Q3 25 | $1.5B | $732.0M | ||
| Q2 25 | $1.5B | $769.0M | ||
| Q1 25 | $1.5B | $846.0M | ||
| Q4 24 | $1.5B | $789.0M | ||
| Q3 24 | $1.5B | $683.0M | ||
| Q2 24 | $1.4B | $711.0M |
净利润GLL
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $402.0M | ||
| Q3 25 | $387.8M | $504.0M | ||
| Q2 25 | $252.7M | $391.0M | ||
| Q1 25 | $254.6M | $370.0M | ||
| Q4 24 | $255.2M | $187.0M | ||
| Q3 24 | $303.0M | $401.0M | ||
| Q2 24 | $258.4M | $369.0M |
毛利率GLL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 26.1% | — | ||
| Q2 24 | 23.3% | — |
营业利润率GLL
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 65.4% | ||
| Q3 25 | 31.5% | 94.1% | ||
| Q2 25 | 21.2% | 70.1% | ||
| Q1 25 | 21.4% | 60.8% | ||
| Q4 24 | 21.3% | 23.8% | ||
| Q3 24 | 26.3% | 80.5% | ||
| Q2 24 | 23.5% | 71.3% |
净利率GLL
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 48.6% | ||
| Q3 25 | 25.6% | 68.9% | ||
| Q2 25 | 17.1% | 50.8% | ||
| Q1 25 | 17.2% | 43.7% | ||
| Q4 24 | 17.4% | 23.7% | ||
| Q3 24 | 20.8% | 58.7% | ||
| Q2 24 | 17.9% | 51.9% |
每股收益（稀释后）GLL
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $1.93 | ||
| Q3 25 | $4.73 | $2.43 | ||
| Q2 25 | $3.05 | $1.87 | ||
| Q1 25 | $3.01 | $1.74 | ||
| Q4 24 | $3.00 | $0.87 | ||
| Q3 24 | $3.44 | $1.82 | ||
| Q2 24 | $2.83 | $1.67 |
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 | $183.8M | $6.0B |
| 总债务越低越好 | — | $8.4B |
| 股东权益账面价值 | $6.1B | $18.7B |
| 总资产 | — | $86.3B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资GLL
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $6.0B | ||
| Q3 25 | $62.8M | $5.4B | ||
| Q2 25 | $116.7M | $4.5B | ||
| Q1 25 | $134.1M | $4.4B | ||
| Q4 24 | $85.0M | $4.6B | ||
| Q3 24 | $100.5M | $5.2B | ||
| Q2 24 | $100.6M | $4.9B |
总债务GLL
| Q1 26 | — | — | ||
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.8B | ||
| Q2 24 | — | $8.6B |
股东权益GLL
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $18.7B | ||
| Q3 25 | $5.7B | $18.3B | ||
| Q2 25 | $5.4B | $17.5B | ||
| Q1 25 | $5.4B | $17.2B | ||
| Q4 24 | $5.3B | $17.1B | ||
| Q3 24 | $4.6B | $17.4B | ||
| Q2 24 | $5.2B | $16.4B |
总资产GLL
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $86.3B | ||
| Q3 25 | $30.5B | $85.9B | ||
| Q2 25 | $29.8B | $84.7B | ||
| Q1 25 | $29.7B | $83.1B | ||
| Q4 24 | $29.1B | $81.9B | ||
| Q3 24 | $29.6B | $83.6B | ||
| Q2 24 | $28.3B | $81.1B |
负债/权益比GLL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.52× |
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 | — | $617.0M |
| 自由现金流经营现金流 - 资本支出 | — | $426.0M |
| 自由现金流率自由现金流/营收 | — | 51.5% |
| 资本支出强度资本支出/营收 | — | 23.1% |
| 现金转化率经营现金流/净利润 | — | 1.53× |
| 过去12个月自由现金流最近4个季度 | — | $2.7B |
8季度趋势，按日历期对齐
经营现金流GLL
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $617.0M | ||
| Q3 25 | $306.0M | $920.0M | ||
| Q2 25 | $307.9M | $1.0B | ||
| Q1 25 | $431.9M | $736.0M | ||
| Q4 24 | $336.9M | $941.0M | ||
| Q3 24 | $340.6M | $934.0M | ||
| Q2 24 | $374.1M | $952.0M |
自由现金流GLL
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $426.0M | ||
| Q3 25 | $208.7M | $764.0M | ||
| Q2 25 | $295.0M | $872.0M | ||
| Q1 25 | $420.1M | $638.0M | ||
| Q4 24 | $321.9M | $767.0M | ||
| Q3 24 | $311.3M | $794.0M | ||
| Q2 24 | $356.5M | $793.0M |
自由现金流率GLL
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 51.5% | ||
| Q3 25 | 13.8% | 104.4% | ||
| Q2 25 | 19.9% | 113.4% | ||
| Q1 25 | 28.4% | 75.4% | ||
| Q4 24 | 22.0% | 97.2% | ||
| Q3 24 | 21.4% | 116.3% | ||
| Q2 24 | 24.8% | 111.5% |
资本支出强度GLL
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 23.1% | ||
| Q3 25 | 6.4% | 21.3% | ||
| Q2 25 | 0.9% | 17.4% | ||
| Q1 25 | 0.8% | 11.6% | ||
| Q4 24 | 1.0% | 22.1% | ||
| Q3 24 | 2.0% | 20.5% | ||
| Q2 24 | 1.2% | 22.4% |
现金转化率GLL
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 1.53× | ||
| Q3 25 | 0.79× | 1.83× | ||
| Q2 25 | 1.22× | 2.57× | ||
| Q1 25 | 1.70× | 1.99× | ||
| Q4 24 | 1.32× | 5.03× | ||
| Q3 24 | 1.12× | 2.33× | ||
| Q2 24 | 1.45× | 2.58× |
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
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
