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Globe Life（GL）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是希悦尔的1.1倍（$1.5B vs $1.4B），Globe Life净利率更高（17.5% vs 3.1%，领先14.4%），Globe Life同比增速更快（3.6% vs 2.6%），Globe Life自由现金流更多（$330.1M vs $257.7M），过去两年Globe Life的营收复合增速更高（3.6% vs 2.7%）
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。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
GL vs SEE — 直观对比
营收规模更大
GL
是对方的1.1倍
$1.4B
营收增速更快
GL
高出1.0%
2.6%
净利率更高
GL
高出14.4%
3.1%
自由现金流更多
GL
多$72.4M
$257.7M
两年增速更快
GL
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $266.1M | $43.8M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 21.7% | 11.4% |
| 净利率 | 17.5% | 3.1% |
| 营收同比 | 3.6% | 2.6% |
| 净利润同比 | 4.3% | 700.0% |
| 每股收益（稀释后） | $3.28 | $0.30 |
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GLSEE
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
净利润GLSEE
| Q4 25 | $266.1M | $43.8M | ||
| Q3 25 | $387.8M | $255.1M | ||
| Q2 25 | $252.7M | $93.1M | ||
| Q1 25 | $254.6M | $113.5M | ||
| Q4 24 | $255.2M | $-7.3M | ||
| Q3 24 | $303.0M | $91.7M | ||
| Q2 24 | $258.4M | $98.3M | ||
| Q1 24 | $254.2M | $82.0M |
毛利率GLSEE
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | 26.1% | 30.1% | ||
| Q2 24 | 23.3% | 31.2% | ||
| Q1 24 | 23.1% | 30.3% |
营业利润率GLSEE
| Q4 25 | 21.7% | 11.4% | ||
| Q3 25 | 31.5% | 13.8% | ||
| Q2 25 | 21.2% | 15.0% | ||
| Q1 25 | 21.4% | 14.5% | ||
| Q4 24 | 21.3% | 11.7% | ||
| Q3 24 | 26.3% | 13.9% | ||
| Q2 24 | 23.5% | 15.4% | ||
| Q1 24 | 23.1% | 14.0% |
净利率GLSEE
| Q4 25 | 17.5% | 3.1% | ||
| Q3 25 | 25.6% | 19.0% | ||
| Q2 25 | 17.1% | 7.0% | ||
| Q1 25 | 17.2% | 9.0% | ||
| Q4 24 | 17.4% | -0.5% | ||
| Q3 24 | 20.8% | 6.9% | ||
| Q2 24 | 17.9% | 7.4% | ||
| Q1 24 | 18.0% | 6.2% |
每股收益（稀释后）GLSEE
| Q4 25 | $3.28 | $0.30 | ||
| Q3 25 | $4.73 | $1.73 | ||
| Q2 25 | $3.05 | $0.63 | ||
| Q1 25 | $3.01 | $0.77 | ||
| Q4 24 | $3.00 | $-0.05 | ||
| Q3 24 | $3.44 | $0.63 | ||
| Q2 24 | $2.83 | $0.67 | ||
| Q1 24 | $2.67 | $0.56 |
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 | $314.7M | $344.0M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $6.0B | $1.2B |
| 总资产 | $30.8B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资GLSEE
| Q4 25 | $314.7M | $344.0M | ||
| Q3 25 | $62.8M | $282.5M | ||
| Q2 25 | $116.7M | $354.4M | ||
| Q1 25 | $134.1M | $335.2M | ||
| Q4 24 | $85.0M | $371.8M | ||
| Q3 24 | $100.5M | $386.0M | ||
| Q2 24 | $100.6M | $388.6M | ||
| Q1 24 | $58.4M | $352.8M |
总债务GLSEE
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
股东权益GLSEE
| Q4 25 | $6.0B | $1.2B | ||
| Q3 25 | $5.7B | $1.2B | ||
| Q2 25 | $5.4B | $953.1M | ||
| Q1 25 | $5.4B | $797.9M | ||
| Q4 24 | $5.3B | $624.5M | ||
| Q3 24 | $4.6B | $771.2M | ||
| Q2 24 | $5.2B | $650.1M | ||
| Q1 24 | $5.0B | $598.3M |
总资产GLSEE
| Q4 25 | $30.8B | $7.0B | ||
| Q3 25 | $30.5B | $7.1B | ||
| Q2 25 | $29.8B | $7.2B | ||
| Q1 25 | $29.7B | $7.0B | ||
| Q4 24 | $29.1B | $7.0B | ||
| Q3 24 | $29.6B | $7.3B | ||
| Q2 24 | $28.3B | $7.3B | ||
| Q1 24 | $28.6B | $7.2B |
负债/权益比GLSEE
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $350.6M | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $330.1M | $257.7M |
| 自由现金流率自由现金流/营收 | 21.7% | 18.5% |
| 资本支出强度资本支出/营收 | 1.3% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.32× | 6.70× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $458.5M |
8季度趋势，按日历期对齐
经营现金流GLSEE
| Q4 25 | $350.6M | $293.6M | ||
| Q3 25 | $306.0M | $165.9M | ||
| Q2 25 | $307.9M | $136.6M | ||
| Q1 25 | $431.9M | $31.9M | ||
| Q4 24 | $336.9M | $244.2M | ||
| Q3 24 | $340.6M | $170.5M | ||
| Q2 24 | $374.1M | $188.2M | ||
| Q1 24 | $350.8M | $125.1M |
自由现金流GLSEE
| Q4 25 | $330.1M | $257.7M | ||
| Q3 25 | $208.7M | $119.6M | ||
| Q2 25 | $295.0M | $93.2M | ||
| Q1 25 | $420.1M | $-12.0M | ||
| Q4 24 | $321.9M | $185.1M | ||
| Q3 24 | $311.3M | $115.2M | ||
| Q2 24 | $356.5M | $129.5M | ||
| Q1 24 | $341.7M | $78.0M |
自由现金流率GLSEE
| Q4 25 | 21.7% | 18.5% | ||
| Q3 25 | 13.8% | 8.9% | ||
| Q2 25 | 19.9% | 7.0% | ||
| Q1 25 | 28.4% | -0.9% | ||
| Q4 24 | 22.0% | 13.6% | ||
| Q3 24 | 21.4% | 8.6% | ||
| Q2 24 | 24.8% | 9.7% | ||
| Q1 24 | 24.1% | 5.9% |
资本支出强度GLSEE
| Q4 25 | 1.3% | 2.6% | ||
| Q3 25 | 6.4% | 3.4% | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | 0.8% | 3.5% | ||
| Q4 24 | 1.0% | 4.4% | ||
| Q3 24 | 2.0% | 4.1% | ||
| Q2 24 | 1.2% | 4.4% | ||
| Q1 24 | 0.6% | 3.6% |
现金转化率GLSEE
| Q4 25 | 1.32× | 6.70× | ||
| Q3 25 | 0.79× | 0.65× | ||
| Q2 25 | 1.22× | 1.47× | ||
| Q1 25 | 1.70× | 0.28× | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.12× | 1.86× | ||
| Q2 24 | 1.45× | 1.91× | ||
| Q1 24 | 1.38× | 1.53× |
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 Segment | $849.6M | 56% |
| Health Segment | $392.3M | 26% |
| Investment Segment | $281.4M | 19% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
