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Globe Life（GL）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是Globe Life的1.1倍（$1.7B vs $1.6B），Globe Life净利率更高（17.3% vs 2.6%，领先14.7%），Snap Inc同比增速更快（10.2% vs 5.3%），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
GL vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.1倍
$1.6B
营收增速更快
SNAP
高出4.9%
5.3%
净利率更高
GL
高出14.7%
2.6%
两年增速更快
SNAP
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $270.5M | $45.2M |
| 毛利率 | — | 59.1% |
| 营业利润率 | — | 2.9% |
| 净利率 | 17.3% | 2.6% |
| 营收同比 | 5.3% | 10.2% |
| 净利润同比 | 6.3% | 396.7% |
| 每股收益（稀释后） | $3.39 | $0.03 |
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GLSNAP
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.4B | $1.2B |
净利润GLSNAP
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $45.2M | ||
| Q3 25 | $387.8M | $-103.5M | ||
| Q2 25 | $252.7M | $-262.6M | ||
| Q1 25 | $254.6M | $-139.6M | ||
| Q4 24 | $255.2M | $9.1M | ||
| Q3 24 | $303.0M | $-153.2M | ||
| Q2 24 | $258.4M | $-248.6M |
毛利率GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 51.4% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | 26.1% | 53.5% | ||
| Q2 24 | 23.3% | 52.4% |
营业利润率GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 2.9% | ||
| Q3 25 | 31.5% | -8.5% | ||
| Q2 25 | 21.2% | -19.3% | ||
| Q1 25 | 21.4% | -14.2% | ||
| Q4 24 | 21.3% | -1.7% | ||
| Q3 24 | 26.3% | -12.6% | ||
| Q2 24 | 23.5% | -20.5% |
净利率GLSNAP
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 2.6% | ||
| Q3 25 | 25.6% | -6.9% | ||
| Q2 25 | 17.1% | -19.5% | ||
| Q1 25 | 17.2% | -10.2% | ||
| Q4 24 | 17.4% | 0.6% | ||
| Q3 24 | 20.8% | -11.2% | ||
| Q2 24 | 17.9% | -20.1% |
每股收益（稀释后）GLSNAP
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $0.03 | ||
| Q3 25 | $4.73 | $-0.06 | ||
| Q2 25 | $3.05 | $-0.16 | ||
| Q1 25 | $3.01 | $-0.08 | ||
| Q4 24 | $3.00 | $0.01 | ||
| Q3 24 | $3.44 | $-0.09 | ||
| Q2 24 | $2.83 | $-0.15 |
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 | $2.9B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $6.1B | $2.3B |
| 总资产 | — | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资GLSNAP
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $2.9B | ||
| Q3 25 | $62.8M | $3.0B | ||
| Q2 25 | $116.7M | $2.9B | ||
| Q1 25 | $134.1M | $3.2B | ||
| Q4 24 | $85.0M | $3.4B | ||
| Q3 24 | $100.5M | $3.2B | ||
| Q2 24 | $100.6M | $3.1B |
总债务GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.6B |
股东权益GLSNAP
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $2.3B | ||
| Q3 25 | $5.7B | $2.2B | ||
| Q2 25 | $5.4B | $2.1B | ||
| Q1 25 | $5.4B | $2.3B | ||
| Q4 24 | $5.3B | $2.5B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $5.2B | $2.1B |
总资产GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $7.7B | ||
| Q3 25 | $30.5B | $7.6B | ||
| Q2 25 | $29.8B | $7.4B | ||
| Q1 25 | $29.7B | $7.6B | ||
| Q4 24 | $29.1B | $7.9B | ||
| Q3 24 | $29.6B | $7.6B | ||
| Q2 24 | $28.3B | $7.4B |
负债/权益比GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.76× |
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 | — | $269.6M |
| 自由现金流经营现金流 - 资本支出 | — | $205.6M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | — | $437.2M |
8季度趋势，按日历期对齐
经营现金流GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $269.6M | ||
| Q3 25 | $306.0M | $146.5M | ||
| Q2 25 | $307.9M | $88.5M | ||
| Q1 25 | $431.9M | $151.6M | ||
| Q4 24 | $336.9M | $230.6M | ||
| Q3 24 | $340.6M | $115.9M | ||
| Q2 24 | $374.1M | $-21.4M |
自由现金流GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $205.6M | ||
| Q3 25 | $208.7M | $93.4M | ||
| Q2 25 | $295.0M | $23.8M | ||
| Q1 25 | $420.1M | $114.4M | ||
| Q4 24 | $321.9M | $182.4M | ||
| Q3 24 | $311.3M | $71.8M | ||
| Q2 24 | $356.5M | $-73.4M |
自由现金流率GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 12.0% | ||
| Q3 25 | 13.8% | 6.2% | ||
| Q2 25 | 19.9% | 1.8% | ||
| Q1 25 | 28.4% | 8.4% | ||
| Q4 24 | 22.0% | 11.7% | ||
| Q3 24 | 21.4% | 5.2% | ||
| Q2 24 | 24.8% | -5.9% |
资本支出强度GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 3.7% | ||
| Q3 25 | 6.4% | 3.5% | ||
| Q2 25 | 0.9% | 4.8% | ||
| Q1 25 | 0.8% | 2.7% | ||
| Q4 24 | 1.0% | 3.1% | ||
| Q3 24 | 2.0% | 3.2% | ||
| Q2 24 | 1.2% | 4.2% |
现金转化率GLSNAP
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 5.96× | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.32× | 25.34× | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.45× | — |
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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
