vs
Liberty Global Ltd.（LBTYA）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Liberty Global Ltd.的1.8倍（$2.2B vs $1.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs -237.0%，领先260.5%），Liberty Global Ltd.同比增速更快（187.2% vs -36.8%），过去两年RENAISSANCERE HOLDINGS LTD的营收复合增速更高（-11.9% vs -20.4%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
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。
LBTYA vs RNR — 直观对比
营收规模更大
RNR
是对方的1.8倍
$1.2B
营收增速更快
LBTYA
高出223.9%
-36.8%
净利率更高
RNR
高出260.5%
-237.0%
两年增速更快
RNR
近两年复合增速
-20.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | $-2.9B | $515.8M |
| 毛利率 | 66.8% | — |
| 营业利润率 | -8.6% | — |
| 净利率 | -237.0% | 23.5% |
| 营收同比 | 187.2% | -36.8% |
| 净利润同比 | -230.0% | 72.6% |
| 每股收益（稀释后） | $-8.66 | $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LBTYARNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.2B | $3.0B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.3B | $3.2B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $-1.4B | $2.3B | ||
| Q3 24 | $1.9B | $4.0B | ||
| Q2 24 | $1.9B | $2.8B |
净利润LBTYARNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-2.9B | $760.5M | ||
| Q3 25 | $-90.7M | $916.5M | ||
| Q2 25 | $-2.8B | $835.4M | ||
| Q1 25 | $-1.3B | $170.0M | ||
| Q4 24 | $2.2B | $-189.7M | ||
| Q3 24 | $-1.4B | $1.2B | ||
| Q2 24 | $268.1M | $503.9M |
毛利率LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 63.3% | — | ||
| Q1 25 | 65.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.4% | — | ||
| Q2 24 | 68.5% | — |
营业利润率LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | -8.6% | 42.5% | ||
| Q3 25 | -0.7% | 46.3% | ||
| Q2 25 | 2.3% | 41.8% | ||
| Q1 25 | 5.2% | -2.0% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | 5.2% | 43.7% | ||
| Q2 24 | 1.0% | 25.0% |
净利率LBTYARNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | -237.0% | 25.6% | ||
| Q3 25 | -7.5% | 28.7% | ||
| Q2 25 | -220.1% | 26.1% | ||
| Q1 25 | -114.2% | 4.9% | ||
| Q4 24 | -158.9% | -8.3% | ||
| Q3 24 | -74.1% | 29.8% | ||
| Q2 24 | 14.3% | 17.8% |
每股收益（稀释后）LBTYARNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-8.66 | $16.16 | ||
| Q3 25 | $-0.27 | $19.40 | ||
| Q2 25 | $-8.09 | $17.20 | ||
| Q1 25 | $-3.84 | $3.27 | ||
| Q4 24 | $6.15 | $-3.76 | ||
| Q3 24 | $-3.95 | $22.62 | ||
| Q2 24 | $0.71 | $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 | $2.2B | $1.6B |
| 总债务越低越好 | $7.8B | — |
| 股东权益账面价值 | $9.7B | $4.3B |
| 总资产 | $22.6B | $53.7B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资LBTYARNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.2B | $1.6B |
总债务LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | $2.3B | ||
| Q3 25 | $7.8B | $2.2B | ||
| Q2 25 | $7.8B | $2.3B | ||
| Q1 25 | $8.2B | $2.8B | ||
| Q4 24 | $8.2B | $1.9B | ||
| Q3 24 | $14.9B | $1.9B | ||
| Q2 24 | $14.7B | $2.0B |
股东权益LBTYARNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $9.7B | $11.6B | ||
| Q3 25 | $12.7B | $11.5B | ||
| Q2 25 | $13.0B | $10.8B | ||
| Q1 25 | $12.6B | $10.3B | ||
| Q4 24 | $12.4B | $10.6B | ||
| Q3 24 | $18.7B | $11.2B | ||
| Q2 24 | $18.3B | $10.2B |
总资产LBTYARNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $22.6B | $53.8B | ||
| Q3 25 | $25.4B | $54.5B | ||
| Q2 25 | $27.2B | $54.7B | ||
| Q1 25 | $26.0B | $53.6B | ||
| Q4 24 | $25.4B | $50.7B | ||
| Q3 24 | $41.8B | $52.8B | ||
| Q2 24 | $40.8B | $51.6B |
负债/权益比LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.20× | ||
| Q3 25 | 0.61× | 0.19× | ||
| Q2 25 | 0.60× | 0.21× | ||
| Q1 25 | 0.65× | 0.27× | ||
| Q4 24 | 0.66× | 0.18× | ||
| Q3 24 | 0.80× | 0.17× | ||
| Q2 24 | 0.80× | 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 | $630.9M | — |
| 自由现金流经营现金流 - 资本支出 | $193.3M | — |
| 自由现金流率自由现金流/营收 | 15.7% | — |
| 资本支出强度资本支出/营收 | 35.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-132.0M | — |
8季度趋势，按日历期对齐
经营现金流LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | $630.9M | $483.0M | ||
| Q3 25 | $301.8M | $1.6B | ||
| Q2 25 | $149.2M | $1.5B | ||
| Q1 25 | $129.2M | $157.8M | ||
| Q4 24 | $791.6M | $778.9M | ||
| Q3 24 | $449.5M | $1.5B | ||
| Q2 24 | $546.1M | $1.2B |
自由现金流LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | — | ||
| Q3 25 | $-41.1M | — | ||
| Q2 25 | $-170.1M | — | ||
| Q1 25 | $-114.1M | — | ||
| Q4 24 | $712.9M | — | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $256.8M | — |
自由现金流率LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | -3.4% | — | ||
| Q2 25 | -13.4% | — | ||
| Q1 25 | -9.7% | — | ||
| Q4 24 | -50.5% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 13.7% | — |
资本支出强度LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 15.4% | — |
现金转化率LBTYARNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 2.04× | 2.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
