vs
佳明（GRMN）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的季度营收约是佳明的1.3倍（$2.2B vs $1.8B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 23.1%，领先0.4%），佳明同比增速更快（14.0% vs -36.8%），过去两年佳明的营收复合增速更高（7.9% vs -11.9%）
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
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。
GRMN vs RNR — 直观对比
营收规模更大
RNR
是对方的1.3倍
$1.8B
营收增速更快
GRMN
高出50.8%
-36.8%
净利率更高
RNR
高出0.4%
23.1%
两年增速更快
GRMN
近两年复合增速
-11.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.2B |
| 净利润 | $405.1M | $515.8M |
| 毛利率 | 59.4% | — |
| 营业利润率 | 24.6% | — |
| 净利率 | 23.1% | 23.5% |
| 营收同比 | 14.0% | -36.8% |
| 净利润同比 | 21.7% | 72.6% |
| 每股收益（稀释后） | $2.09 | $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GRMNRNR
| Q1 26 | $1.8B | $2.2B | ||
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.5B | $2.8B |
净利润GRMNRNR
| Q1 26 | $405.1M | $515.8M | ||
| Q4 25 | $528.7M | $760.5M | ||
| Q3 25 | $401.6M | $916.5M | ||
| Q2 25 | $400.8M | $835.4M | ||
| Q1 25 | $332.8M | $170.0M | ||
| Q4 24 | $435.7M | $-189.7M | ||
| Q3 24 | $399.1M | $1.2B | ||
| Q2 24 | $300.6M | $503.9M |
毛利率GRMNRNR
| Q1 26 | 59.4% | — | ||
| Q4 25 | 59.2% | — | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 58.8% | — | ||
| Q1 25 | 57.6% | — | ||
| Q4 24 | 59.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 57.3% | — |
营业利润率GRMNRNR
| Q1 26 | 24.6% | — | ||
| Q4 25 | 28.9% | 42.5% | ||
| Q3 25 | 25.8% | 46.3% | ||
| Q2 25 | 26.0% | 41.8% | ||
| Q1 25 | 21.7% | -2.0% | ||
| Q4 24 | 28.3% | -3.6% | ||
| Q3 24 | 27.6% | 43.7% | ||
| Q2 24 | 22.7% | 25.0% |
净利率GRMNRNR
| Q1 26 | 23.1% | 23.5% | ||
| Q4 25 | 24.9% | 25.6% | ||
| Q3 25 | 22.7% | 28.7% | ||
| Q2 25 | 22.1% | 26.1% | ||
| Q1 25 | 21.7% | 4.9% | ||
| Q4 24 | 23.9% | -8.3% | ||
| Q3 24 | 25.2% | 29.8% | ||
| Q2 24 | 20.0% | 17.8% |
每股收益（稀释后）GRMNRNR
| Q1 26 | $2.09 | $6.57 | ||
| Q4 25 | $2.72 | $16.16 | ||
| Q3 25 | $2.08 | $19.40 | ||
| Q2 25 | $2.07 | $17.20 | ||
| Q1 25 | $1.72 | $3.27 | ||
| Q4 24 | $2.24 | $-3.76 | ||
| Q3 24 | $2.07 | $22.62 | ||
| Q2 24 | $1.56 | $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 | $2.3B | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | $11.0B | $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GRMNRNR
| Q1 26 | $2.3B | $1.6B | ||
| Q4 25 | $2.3B | $1.7B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B |
总债务GRMNRNR
| 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GRMNRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $9.0B | $11.6B | ||
| Q3 25 | $8.5B | $11.5B | ||
| Q2 25 | $8.1B | $10.8B | ||
| Q1 25 | $8.2B | $10.3B | ||
| Q4 24 | $7.8B | $10.6B | ||
| Q3 24 | $7.5B | $11.2B | ||
| Q2 24 | $7.0B | $10.2B |
总资产GRMNRNR
| Q1 26 | $11.0B | $53.7B | ||
| Q4 25 | $11.0B | $53.8B | ||
| Q3 25 | $10.5B | $54.5B | ||
| Q2 25 | $10.3B | $54.7B | ||
| Q1 25 | $9.8B | $53.6B | ||
| Q4 24 | $9.6B | $50.7B | ||
| Q3 24 | $9.3B | $52.8B | ||
| Q2 24 | $8.9B | $51.6B |
负债/权益比GRMNRNR
| 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 | $536.0M | — |
| 自由现金流经营现金流 - 资本支出 | $469.4M | — |
| 自由现金流率自由现金流/营收 | 26.8% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.32× | — |
| 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GRMNRNR
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $483.0M | ||
| Q3 25 | $485.6M | $1.6B | ||
| Q2 25 | $173.2M | $1.5B | ||
| Q1 25 | $420.8M | $157.8M | ||
| Q4 24 | $483.9M | $778.9M | ||
| Q3 24 | $258.0M | $1.5B | ||
| Q2 24 | $255.3M | $1.2B |
自由现金流GRMNRNR
| Q1 26 | $469.4M | — | ||
| Q4 25 | $429.6M | — | ||
| Q3 25 | $425.1M | — | ||
| Q2 25 | $127.5M | — | ||
| Q1 25 | $380.7M | — | ||
| Q4 24 | $399.2M | — | ||
| Q3 24 | $219.4M | — | ||
| Q2 24 | $218.2M | — |
自由现金流率GRMNRNR
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 24.0% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 24.8% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 14.5% | — |
资本支出强度GRMNRNR
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.5% | — |
现金转化率GRMNRNR
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | 0.64× | ||
| Q3 25 | 1.21× | 1.73× | ||
| Q2 25 | 0.43× | 1.76× | ||
| Q1 25 | 1.26× | 0.93× | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.65× | 1.26× | ||
| Q2 24 | 0.85× | 2.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
