vs
是德科技（KEYS）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的季度营收约是是德科技的1.5倍（$2.2B vs $1.4B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 16.4%，领先7.1%），是德科技同比增速更快（10.3% vs -36.8%），过去两年是德科技的营收复合增速更高（6.2% vs -11.9%）
是德科技是一家美国企业，主营电子测试测量设备与软件的研发、生产业务。公司由安捷伦科技拆分而来，核心产品线继承自惠普测试测量部门上世纪60年代末至千禧年间开发的相关产品，后独立为现有品牌。
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。
KEYS vs RNR — 直观对比
营收规模更大
RNR
是对方的1.5倍
$1.4B
营收增速更快
KEYS
高出47.0%
-36.8%
净利率更高
RNR
高出7.1%
16.4%
两年增速更快
KEYS
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.2B |
| 净利润 | $233.0M | $515.8M |
| 毛利率 | 61.2% | — |
| 营业利润率 | 15.3% | — |
| 净利率 | 16.4% | 23.5% |
| 营收同比 | 10.3% | -36.8% |
| 净利润同比 | 419.2% | 72.6% |
| 每股收益（稀释后） | $1.35 | $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KEYSRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.3B | $3.2B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.2B | $2.8B |
净利润KEYSRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $233.0M | $760.5M | ||
| Q3 25 | $191.0M | $916.5M | ||
| Q2 25 | $257.0M | $835.4M | ||
| Q1 25 | $169.0M | $170.0M | ||
| Q4 24 | $-73.0M | $-189.7M | ||
| Q3 24 | $389.0M | $1.2B | ||
| Q2 24 | $126.0M | $503.9M |
毛利率KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | 61.2% | — | ||
| Q3 25 | 61.7% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 63.2% | — | ||
| Q4 24 | 62.3% | — | ||
| Q3 24 | 62.0% | — | ||
| Q2 24 | 62.7% | — |
营业利润率KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 42.5% | ||
| Q3 25 | 17.3% | 46.3% | ||
| Q2 25 | 15.8% | 41.8% | ||
| Q1 25 | 16.8% | -2.0% | ||
| Q4 24 | 17.9% | -3.6% | ||
| Q3 24 | 16.8% | 43.7% | ||
| Q2 24 | 14.6% | 25.0% |
净利率KEYSRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 16.4% | 25.6% | ||
| Q3 25 | 14.1% | 28.7% | ||
| Q2 25 | 19.7% | 26.1% | ||
| Q1 25 | 13.0% | 4.9% | ||
| Q4 24 | -5.7% | -8.3% | ||
| Q3 24 | 32.0% | 29.8% | ||
| Q2 24 | 10.4% | 17.8% |
每股收益（稀释后）KEYSRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $1.35 | $16.16 | ||
| Q3 25 | $1.10 | $19.40 | ||
| Q2 25 | $1.49 | $17.20 | ||
| Q1 25 | $0.97 | $3.27 | ||
| Q4 24 | $-0.41 | $-3.76 | ||
| Q3 24 | $2.22 | $22.62 | ||
| Q2 24 | $0.72 | $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 | $1.9B | $1.6B |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $5.9B | $4.3B |
| 总资产 | $11.3B | $53.7B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资KEYSRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $2.6B | $1.7B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B |
总债务KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $2.3B | ||
| Q3 25 | $2.5B | $2.2B | ||
| Q2 25 | $2.5B | $2.3B | ||
| Q1 25 | $1.8B | $2.8B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.8B | $1.9B | ||
| Q2 24 | $1.8B | $2.0B |
股东权益KEYSRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $5.9B | $11.6B | ||
| Q3 25 | $5.7B | $11.5B | ||
| Q2 25 | $5.5B | $10.8B | ||
| Q1 25 | $5.2B | $10.3B | ||
| Q4 24 | $5.1B | $10.6B | ||
| Q3 24 | $5.2B | $11.2B | ||
| Q2 24 | $4.9B | $10.2B |
总资产KEYSRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $11.3B | $53.8B | ||
| Q3 25 | $10.7B | $54.5B | ||
| Q2 25 | $10.5B | $54.7B | ||
| Q1 25 | $9.4B | $53.6B | ||
| Q4 24 | $9.3B | $50.7B | ||
| Q3 24 | $9.3B | $52.8B | ||
| Q2 24 | $9.0B | $51.6B |
负债/权益比KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.20× | ||
| Q3 25 | 0.45× | 0.19× | ||
| Q2 25 | 0.46× | 0.21× | ||
| Q1 25 | 0.35× | 0.27× | ||
| Q4 24 | 0.35× | 0.18× | ||
| Q3 24 | 0.34× | 0.17× | ||
| Q2 24 | 0.37× | 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 | $225.0M | — |
| 自由现金流经营现金流 - 资本支出 | $187.0M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 现金转化率经营现金流/净利润 | 0.97× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | $225.0M | $483.0M | ||
| Q3 25 | $322.0M | $1.6B | ||
| Q2 25 | $484.0M | $1.5B | ||
| Q1 25 | $378.0M | $157.8M | ||
| Q4 24 | $359.0M | $778.9M | ||
| Q3 24 | $255.0M | $1.5B | ||
| Q2 24 | $110.0M | $1.2B |
自由现金流KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | $187.0M | — | ||
| Q3 25 | $291.0M | — | ||
| Q2 25 | $457.0M | — | ||
| Q1 25 | $346.0M | — | ||
| Q4 24 | $321.0M | — | ||
| Q3 24 | $222.0M | — | ||
| Q2 24 | $74.0M | — |
自由现金流率KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 6.1% | — |
资本支出强度KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 3.0% | — |
现金转化率KEYSRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.97× | 0.64× | ||
| Q3 25 | 1.69× | 1.73× | ||
| Q2 25 | 1.88× | 1.76× | ||
| Q1 25 | 2.24× | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.66× | 1.26× | ||
| Q2 24 | 0.87× | 2.41× |
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
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
RNR
暂无分部数据
