vs
Heritage Insurance Holdings, Inc.（HRTG）与Lemonade, Inc.（LMND）财务数据对比。点击上方公司名可切换其他公司
Lemonade, Inc.的季度营收约是Heritage Insurance Holdings, Inc.的1.1倍（$228.1M vs $215.3M），Heritage Insurance Holdings, Inc.净利率更高（31.0% vs -9.5%，领先40.5%），Lemonade, Inc.同比增速更快（53.3% vs 2.4%），Heritage Insurance Holdings, Inc.自由现金流更多（$174.2M vs $-25.9M），过去两年Lemonade, Inc.的营收复合增速更高（38.4% vs 6.1%）
该公司是一家位于美国佛罗里达州的财产意外保险公司，在美国多个沿海州开展业务，主要为客户提供商业保险、住宅保险、房主保险以及洪水保险等各类财产意外保障产品。
Lemonade, Inc.是一家总部位于美国纽约的保险公司，在美国市场提供租客险、房屋险、车险、宠物险及定期寿险，在德国、荷兰推出财产及责任保险，法国市场提供租客险，当前拥有约290万用户，采用人工智能及聊天机器人替代人工处理理赔申请。
HRTG vs LMND — 直观对比
营收规模更大
LMND
是对方的1.1倍
$215.3M
营收增速更快
LMND
高出50.9%
2.4%
净利率更高
HRTG
高出40.5%
-9.5%
自由现金流更多
HRTG
多$200.1M
$-25.9M
两年增速更快
LMND
近两年复合增速
6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $215.3M | $228.1M |
| 净利润 | $66.7M | $-21.7M |
| 毛利率 | — | — |
| 营业利润率 | 41.6% | -9.0% |
| 净利率 | 31.0% | -9.5% |
| 营收同比 | 2.4% | 53.3% |
| 净利润同比 | 228.6% | 27.7% |
| 每股收益（稀释后） | $2.15 | $-0.27 |
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HRTGLMND
| Q4 25 | $215.3M | $228.1M | ||
| Q3 25 | $212.5M | $194.5M | ||
| Q2 25 | $208.0M | $164.1M | ||
| Q1 25 | $211.5M | $151.2M | ||
| Q4 24 | $210.3M | $148.8M | ||
| Q3 24 | $211.8M | $136.6M | ||
| Q2 24 | $203.6M | $122.0M | ||
| Q1 24 | $191.3M | $119.1M |
净利润HRTGLMND
| Q4 25 | $66.7M | $-21.7M | ||
| Q3 25 | $50.4M | $-37.5M | ||
| Q2 25 | $48.0M | $-43.9M | ||
| Q1 25 | $30.5M | $-62.4M | ||
| Q4 24 | $20.3M | $-30.0M | ||
| Q3 24 | $8.2M | $-67.7M | ||
| Q2 24 | $18.9M | $-57.2M | ||
| Q1 24 | $14.2M | $-47.3M |
营业利润率HRTGLMND
| Q4 25 | 41.6% | -9.0% | ||
| Q3 25 | 33.0% | -18.7% | ||
| Q2 25 | 31.2% | -26.0% | ||
| Q1 25 | 20.1% | -40.6% | ||
| Q4 24 | 15.0% | -25.4% | ||
| Q3 24 | 5.5% | -48.2% | ||
| Q2 24 | 13.6% | -45.2% | ||
| Q1 24 | 11.9% | -38.0% |
净利率HRTGLMND
| Q4 25 | 31.0% | -9.5% | ||
| Q3 25 | 23.7% | -19.3% | ||
| Q2 25 | 23.1% | -26.8% | ||
| Q1 25 | 14.4% | -41.3% | ||
| Q4 24 | 9.7% | -20.2% | ||
| Q3 24 | 3.8% | -49.6% | ||
| Q2 24 | 9.3% | -46.9% | ||
| Q1 24 | 7.4% | -39.7% |
每股收益（稀释后）HRTGLMND
| Q4 25 | $2.15 | $-0.27 | ||
| Q3 25 | $1.63 | $-0.51 | ||
| Q2 25 | $1.55 | $-0.60 | ||
| Q1 25 | $0.99 | $-0.86 | ||
| Q4 24 | $0.66 | $-0.42 | ||
| Q3 24 | $0.27 | $-0.95 | ||
| Q2 24 | $0.61 | $-0.81 | ||
| Q1 24 | $0.47 | $-0.67 |
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 | $559.3M | $399.1M |
| 总债务越低越好 | $78.4M | — |
| 股东权益账面价值 | $505.3M | $533.6M |
| 总资产 | $2.2B | $1.9B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资HRTGLMND
| Q4 25 | $559.3M | $399.1M | ||
| Q3 25 | $560.4M | $369.4M | ||
| Q2 25 | $473.5M | $398.8M | ||
| Q1 25 | $425.9M | $329.7M | ||
| Q4 24 | $452.7M | $403.5M | ||
| Q3 24 | $509.9M | $360.9M | ||
| Q2 24 | $480.9M | $387.2M | ||
| Q1 24 | $386.1M | $300.8M |
总债务HRTGLMND
| Q4 25 | $78.4M | — | ||
| Q3 25 | $79.3M | — | ||
| Q2 25 | $92.4M | — | ||
| Q1 25 | $94.8M | — | ||
| Q4 24 | $116.3M | — | ||
| Q3 24 | $118.6M | — | ||
| Q2 24 | $120.8M | — | ||
| Q1 24 | $123.0M | — |
股东权益HRTGLMND
| Q4 25 | $505.3M | $533.6M | ||
| Q3 25 | $437.3M | $516.2M | ||
| Q2 25 | $383.3M | $527.1M | ||
| Q1 25 | $329.0M | $545.5M | ||
| Q4 24 | $290.8M | $593.4M | ||
| Q3 24 | $279.3M | $593.0M | ||
| Q2 24 | $255.3M | $635.2M | ||
| Q1 24 | $234.9M | $676.4M |
总资产HRTGLMND
| Q4 25 | $2.2B | $1.9B | ||
| Q3 25 | $2.4B | $1.9B | ||
| Q2 25 | $2.5B | $1.9B | ||
| Q1 25 | $2.2B | $1.9B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.6B | $1.7B | ||
| Q1 24 | $2.1B | $1.6B |
负债/权益比HRTGLMND
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.52× | — |
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 | $182.2M | $-16.5M |
| 自由现金流经营现金流 - 资本支出 | $174.2M | $-25.9M |
| 自由现金流率自由现金流/营收 | 80.9% | -11.4% |
| 资本支出强度资本支出/营收 | 3.7% | 4.1% |
| 现金转化率经营现金流/净利润 | 2.73× | — |
| 过去12个月自由现金流最近4个季度 | $337.4M | $-69.4M |
8季度趋势，按日历期对齐
经营现金流HRTGLMND
| Q4 25 | $182.2M | $-16.5M | ||
| Q3 25 | $124.3M | $4.5M | ||
| Q2 25 | $43.3M | $5.5M | ||
| Q1 25 | $837.0K | $-47.2M | ||
| Q4 24 | $87.1M | $-11.4M | ||
| Q3 24 | $-13.4M | $16.3M | ||
| Q2 24 | $152.2M | $-11.7M | ||
| Q1 24 | $4.3M | $-29.8M |
自由现金流HRTGLMND
| Q4 25 | $174.2M | $-25.9M | ||
| Q3 25 | $122.7M | $2.6M | ||
| Q2 25 | $41.8M | $3.4M | ||
| Q1 25 | $-1.3M | $-49.5M | ||
| Q4 24 | $78.9M | $-20.8M | ||
| Q3 24 | $-16.3M | $14.1M | ||
| Q2 24 | $149.8M | $-13.2M | ||
| Q1 24 | $4.1M | $-32.3M |
自由现金流率HRTGLMND
| Q4 25 | 80.9% | -11.4% | ||
| Q3 25 | 57.8% | 1.3% | ||
| Q2 25 | 20.1% | 2.1% | ||
| Q1 25 | -0.6% | -32.7% | ||
| Q4 24 | 37.5% | -14.0% | ||
| Q3 24 | -7.7% | 10.3% | ||
| Q2 24 | 73.6% | -10.8% | ||
| Q1 24 | 2.1% | -27.1% |
资本支出强度HRTGLMND
| Q4 25 | 3.7% | 4.1% | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | 0.7% | 1.3% | ||
| Q1 25 | 1.0% | 1.5% | ||
| Q4 24 | 3.9% | 6.3% | ||
| Q3 24 | 1.4% | 1.6% | ||
| Q2 24 | 1.2% | 1.2% | ||
| Q1 24 | 0.1% | 2.1% |
现金转化率HRTGLMND
| Q4 25 | 2.73× | — | ||
| Q3 25 | 2.47× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 4.29× | — | ||
| Q3 24 | -1.64× | — | ||
| Q2 24 | 8.07× | — | ||
| Q1 24 | 0.30× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
