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Globe Life（GL）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
韦莱韬悦的季度营收约是Globe Life的1.8倍（$2.9B vs $1.6B），韦莱韬悦净利率更高（25.5% vs 17.3%，领先8.2%），Globe Life同比增速更快（5.3% vs -3.5%），过去两年韦莱韬悦的营收复合增速更高（12.0% 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。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
GL vs WTW — 直观对比
营收规模更大
WTW
是对方的1.8倍
$1.6B
营收增速更快
GL
高出8.9%
-3.5%
净利率更高
WTW
高出8.2%
17.3%
两年增速更快
WTW
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.9B |
| 净利润 | $270.5M | $735.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 35.3% |
| 净利率 | 17.3% | 25.5% |
| 营收同比 | 5.3% | -3.5% |
| 净利润同比 | 6.3% | -41.0% |
| 每股收益（稀释后） | $3.39 | $7.50 |
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GLWTW
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.5B | $3.0B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.4B | $2.2B |
净利润GLWTW
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | $735.0M | ||
| Q3 25 | $387.8M | $304.0M | ||
| Q2 25 | $252.7M | $331.0M | ||
| Q1 25 | $254.6M | $235.0M | ||
| Q4 24 | $255.2M | $1.2B | ||
| Q3 24 | $303.0M | $-1.7B | ||
| Q2 24 | $258.4M | $141.0M |
毛利率GLWTW
| 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GLWTW
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 35.3% | ||
| Q3 25 | 31.5% | 18.7% | ||
| Q2 25 | 21.2% | 16.6% | ||
| Q1 25 | 21.4% | 19.8% | ||
| Q4 24 | 21.3% | 30.2% | ||
| Q3 24 | 26.3% | -34.2% | ||
| Q2 24 | 23.5% | 9.6% |
净利率GLWTW
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 25.5% | ||
| Q3 25 | 25.6% | 13.6% | ||
| Q2 25 | 17.1% | 14.9% | ||
| Q1 25 | 17.2% | 10.8% | ||
| Q4 24 | 17.4% | 41.7% | ||
| Q3 24 | 20.8% | -74.8% | ||
| Q2 24 | 17.9% | 6.4% |
每股收益（稀释后）GLWTW
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $7.50 | ||
| Q3 25 | $4.73 | $3.11 | ||
| Q2 25 | $3.05 | $3.32 | ||
| Q1 25 | $3.01 | $2.33 | ||
| Q4 24 | $3.00 | $12.29 | ||
| Q3 24 | $3.44 | $-16.44 | ||
| Q2 24 | $2.83 | $1.36 |
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 | $3.2B |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $6.1B | $8.0B |
| 总资产 | — | $29.5B |
| 负债/权益比越低杠杆越低 | — | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资GLWTW
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $3.2B | ||
| Q3 25 | $62.8M | $1.9B | ||
| Q2 25 | $116.7M | $2.0B | ||
| Q1 25 | $134.1M | $1.5B | ||
| Q4 24 | $85.0M | $1.9B | ||
| Q3 24 | $100.5M | $1.4B | ||
| Q2 24 | $100.6M | $1.2B |
总债务GLWTW
| Q1 26 | — | — | ||
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益GLWTW
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $8.0B | ||
| Q3 25 | $5.7B | $7.7B | ||
| Q2 25 | $5.4B | $8.1B | ||
| Q1 25 | $5.4B | $8.1B | ||
| Q4 24 | $5.3B | $7.9B | ||
| Q3 24 | $4.6B | $7.5B | ||
| Q2 24 | $5.2B | $9.3B |
总资产GLWTW
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $29.5B | ||
| Q3 25 | $30.5B | $27.4B | ||
| Q2 25 | $29.8B | $28.5B | ||
| Q1 25 | $29.7B | $28.1B | ||
| Q4 24 | $29.1B | $27.7B | ||
| Q3 24 | $29.6B | $27.2B | ||
| Q2 24 | $28.3B | $29.6B |
负债/权益比GLWTW
| Q1 26 | — | — | ||
| Q4 25 | — | 1.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $771.0M |
| 自由现金流经营现金流 - 资本支出 | — | $708.0M |
| 自由现金流率自由现金流/营收 | — | 24.6% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.05× |
| 过去12个月自由现金流最近4个季度 | — | $1.5B |
8季度趋势，按日历期对齐
经营现金流GLWTW
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $771.0M | ||
| Q3 25 | $306.0M | $678.0M | ||
| Q2 25 | $307.9M | $361.0M | ||
| Q1 25 | $431.9M | $-35.0M | ||
| Q4 24 | $336.9M | $599.0M | ||
| Q3 24 | $340.6M | $482.0M | ||
| Q2 24 | $374.1M | $407.0M |
自由现金流GLWTW
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $708.0M | ||
| Q3 25 | $208.7M | $621.0M | ||
| Q2 25 | $295.0M | $303.0M | ||
| Q1 25 | $420.1M | $-86.0M | ||
| Q4 24 | $321.9M | $543.0M | ||
| Q3 24 | $311.3M | $419.0M | ||
| Q2 24 | $356.5M | $341.0M |
自由现金流率GLWTW
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 24.6% | ||
| Q3 25 | 13.8% | 27.7% | ||
| Q2 25 | 19.9% | 13.7% | ||
| Q1 25 | 28.4% | -3.9% | ||
| Q4 24 | 22.0% | 18.2% | ||
| Q3 24 | 21.4% | 18.7% | ||
| Q2 24 | 24.8% | 15.4% |
资本支出强度GLWTW
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 2.2% | ||
| Q3 25 | 6.4% | 2.5% | ||
| Q2 25 | 0.9% | 2.6% | ||
| Q1 25 | 0.8% | 2.3% | ||
| Q4 24 | 1.0% | 1.9% | ||
| Q3 24 | 2.0% | 2.8% | ||
| Q2 24 | 1.2% | 3.0% |
现金转化率GLWTW
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 1.05× | ||
| Q3 25 | 0.79× | 2.23× | ||
| Q2 25 | 1.22× | 1.09× | ||
| Q1 25 | 1.70× | -0.15× | ||
| Q4 24 | 1.32× | 0.48× | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.45× | 2.89× |
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% |
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
