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Hagerty, Inc.（HGTY）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
怡安集团的季度营收约是Hagerty, Inc.的4.9倍（$738.0M vs $150.8M）。Hagerty, Inc.净利率更高（18.9% vs 1.1%，领先17.9%）。Hagerty, Inc.同比增速更快（30.7% vs 13.6%）。过去两年怡安集团的营收复合增速更高（17.1% vs 12.1%）
哈格蒂（Hagerty, Inc.）是美国知名汽车生活方式及会员服务企业，同时是全球规模最大的经典老爷车特种保险供应商，总部位于密歇根州特拉弗斯城，业务范围覆盖加拿大、德国及英国市场。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
HGTY vs RYAN — 直观对比
营收规模更大
RYAN
是对方的4.9倍
$150.8M
营收增速更快
HGTY
高出17.1%
13.6%
净利率更高
HGTY
高出17.9%
1.1%
两年增速更快
RYAN
近两年复合增速
12.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $150.8M | $738.0M |
| 净利润 | $28.6M | $8.0M |
| 毛利率 | — | — |
| 营业利润率 | 26.3% | 12.4% |
| 净利率 | 18.9% | 1.1% |
| 营收同比 | 30.7% | 13.6% |
| 净利润同比 | 238.4% | -42.0% |
| 每股收益（稀释后） | — | — |
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HGTYRYAN
| Q4 25 | $150.8M | $738.0M | ||
| Q3 25 | $190.0M | $739.6M | ||
| Q2 25 | $188.5M | $840.9M | ||
| Q1 25 | $148.4M | $676.1M | ||
| Q4 24 | $115.4M | $649.4M | ||
| Q3 24 | $157.7M | $588.1M | ||
| Q2 24 | $155.6M | $680.2M | ||
| Q1 24 | $120.1M | $537.9M |
净利润HGTYRYAN
| Q4 25 | $28.6M | $8.0M | ||
| Q3 25 | $46.2M | $31.1M | ||
| Q2 25 | $47.2M | $52.0M | ||
| Q1 25 | $27.3M | $-27.6M | ||
| Q4 24 | $8.4M | $13.8M | ||
| Q3 24 | $19.0M | $17.6M | ||
| Q2 24 | $42.7M | $46.8M | ||
| Q1 24 | $8.2M | $16.5M |
营业利润率HGTYRYAN
| Q4 25 | 26.3% | 12.4% | ||
| Q3 25 | 18.1% | 15.0% | ||
| Q2 25 | 25.3% | 22.7% | ||
| Q1 25 | 17.3% | 14.8% | ||
| Q4 24 | 5.2% | 16.8% | ||
| Q3 24 | 6.4% | 13.9% | ||
| Q2 24 | 24.5% | 24.2% | ||
| Q1 24 | 10.2% | 13.5% |
净利率HGTYRYAN
| Q4 25 | 18.9% | 1.1% | ||
| Q3 25 | 24.3% | 4.2% | ||
| Q2 25 | 25.0% | 6.2% | ||
| Q1 25 | 18.4% | -4.1% | ||
| Q4 24 | 7.3% | 2.1% | ||
| Q3 24 | 12.1% | 3.0% | ||
| Q2 24 | 27.4% | 6.9% | ||
| Q1 24 | 6.8% | 3.1% |
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 | $160.2M | $158.3M |
| 总债务越低越好 | $177.9M | $3.3B |
| 股东权益账面价值 | $221.3M | $648.1M |
| 总资产 | $2.1B | $10.6B |
| 负债/权益比越低杠杆越低 | 0.80× | 5.16× |
8季度趋势，按日历期对齐
现金及短期投资HGTYRYAN
| Q4 25 | $160.2M | $158.3M | ||
| Q3 25 | $290.5M | $153.5M | ||
| Q2 25 | $259.6M | $172.6M | ||
| Q1 25 | $232.7M | $203.5M | ||
| Q4 24 | $178.7M | $540.2M | ||
| Q3 24 | $208.9M | $235.2M | ||
| Q2 24 | $186.4M | $1.7B | ||
| Q1 24 | $131.2M | $1.6B |
总债务HGTYRYAN
| Q4 25 | $177.9M | $3.3B | ||
| Q3 25 | $104.4M | — | ||
| Q2 25 | $153.4M | — | ||
| Q1 25 | $132.6M | — | ||
| Q4 24 | $105.0M | $3.3B | ||
| Q3 24 | $122.9M | — | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $91.5M | — |
股东权益HGTYRYAN
| Q4 25 | $221.3M | $648.1M | ||
| Q3 25 | $211.7M | $630.5M | ||
| Q2 25 | $172.3M | $610.1M | ||
| Q1 25 | $162.9M | $542.5M | ||
| Q4 24 | $150.3M | $627.7M | ||
| Q3 24 | $148.3M | $632.8M | ||
| Q2 24 | $94.4M | $605.9M | ||
| Q1 24 | $93.5M | $554.4M |
总资产HGTYRYAN
| Q4 25 | $2.1B | $10.6B | ||
| Q3 25 | $2.2B | $9.9B | ||
| Q2 25 | $2.0B | $10.6B | ||
| Q1 25 | $1.8B | $9.9B | ||
| Q4 24 | $1.7B | $9.6B | ||
| Q3 24 | $1.8B | $8.5B | ||
| Q2 24 | $1.7B | $8.3B | ||
| Q1 24 | $1.6B | $7.1B |
负债/权益比HGTYRYAN
| Q4 25 | 0.80× | 5.16× | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.70× | 5.22× | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 1.04× | — | ||
| Q1 24 | 0.98× | — |
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 | $29.1M | $263.2M |
| 自由现金流经营现金流 - 资本支出 | $23.1M | — |
| 自由现金流率自由现金流/营收 | 15.3% | — |
| 资本支出强度资本支出/营收 | 4.0% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.02× | 32.99× |
| 过去12个月自由现金流最近4个季度 | $194.5M | — |
8季度趋势，按日历期对齐
经营现金流HGTYRYAN
| Q4 25 | $29.1M | $263.2M | ||
| Q3 25 | $92.2M | $169.7M | ||
| Q2 25 | $53.9M | $353.6M | ||
| Q1 25 | $43.8M | $-142.8M | ||
| Q4 24 | $-12.6M | $259.6M | ||
| Q3 24 | $67.4M | $100.9M | ||
| Q2 24 | $64.0M | $270.8M | ||
| Q1 24 | $58.2M | $-116.5M |
自由现金流HGTYRYAN
| Q4 25 | $23.1M | — | ||
| Q3 25 | $85.2M | $167.3M | ||
| Q2 25 | $47.7M | — | ||
| Q1 25 | $38.4M | $-143.5M | ||
| Q4 24 | $-16.7M | — | ||
| Q3 24 | $62.0M | — | ||
| Q2 24 | $56.6M | — | ||
| Q1 24 | $53.7M | — |
自由现金流率HGTYRYAN
| Q4 25 | 15.3% | — | ||
| Q3 25 | 44.9% | 22.6% | ||
| Q2 25 | 25.3% | — | ||
| Q1 25 | 25.9% | -21.2% | ||
| Q4 24 | -14.5% | — | ||
| Q3 24 | 39.3% | — | ||
| Q2 24 | 36.4% | — | ||
| Q1 24 | 44.7% | — |
资本支出强度HGTYRYAN
| Q4 25 | 4.0% | 0.0% | ||
| Q3 25 | 3.7% | 0.3% | ||
| Q2 25 | 3.3% | 0.0% | ||
| Q1 25 | 3.6% | 0.1% | ||
| Q4 24 | 3.5% | 0.0% | ||
| Q3 24 | 3.4% | 0.0% | ||
| Q2 24 | 4.8% | 0.0% | ||
| Q1 24 | 3.8% | 0.0% |
现金转化率HGTYRYAN
| Q4 25 | 1.02× | 32.99× | ||
| Q3 25 | 2.00× | 5.46× | ||
| Q2 25 | 1.14× | 6.80× | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | -1.50× | 18.88× | ||
| Q3 24 | 3.55× | 5.74× | ||
| Q2 24 | 1.50× | 5.79× | ||
| Q1 24 | 7.10× | -7.05× |
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
HGTY
暂无分部数据
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
