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MBIA INC（MBI）与OCTAVE SPECIALTY GROUP INC（OSG）财务数据对比。点击上方公司名可切换其他公司
OCTAVE SPECIALTY GROUP INC的季度营收约是MBIA INC的1.4倍（$40.2M vs $28.0M）。OCTAVE SPECIALTY GROUP INC净利率更高（-73.8% vs -182.1%，领先108.4%）。OCTAVE SPECIALTY GROUP INC同比增速更快（5.8% vs -24.3%）。过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（50.6% vs 46.8%）
MBIA Inc.是一家美国金融服务企业，1973年以市政债券保险协会之名成立，总部位于纽约州帕切斯，是全球规模最大的债券保险公司，截至2015年1月共有约180名员工，深耕债券保险领域多年，在行业内拥有重要影响力。
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
MBI vs OSG — 直观对比
营收规模更大
OSG
是对方的1.4倍
$28.0M
营收增速更快
OSG
高出30.2%
-24.3%
净利率更高
OSG
高出108.4%
-182.1%
两年增速更快
OSG
近两年复合增速
46.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $28.0M | $40.2M |
| 净利润 | $-51.0M | $-29.7M |
| 毛利率 | — | — |
| 营业利润率 | -200.0% | -76.7% |
| 净利率 | -182.1% | -73.8% |
| 营收同比 | -24.3% | 5.8% |
| 净利润同比 | -106.1% | -41.7% |
| 每股收益（稀释后） | $-1.01 | $-0.82 |
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MBIOSG
| Q4 25 | $28.0M | $40.2M | ||
| Q3 25 | $15.0M | $36.1M | ||
| Q2 25 | $23.0M | $30.3M | ||
| Q1 25 | $14.0M | $36.8M | ||
| Q4 24 | $37.0M | $38.0M | ||
| Q3 24 | $29.0M | $23.1M | ||
| Q2 24 | $-37.0M | $13.2M | ||
| Q1 24 | $13.0M | $17.7M |
净利润MBIOSG
| Q4 25 | $-51.0M | $-29.7M | ||
| Q3 25 | $-8.0M | $-112.6M | ||
| Q2 25 | $-56.0M | $-72.7M | ||
| Q1 25 | $-62.0M | $-44.7M | ||
| Q4 24 | $831.0M | $-20.9M | ||
| Q3 24 | $-56.0M | $-27.5M | ||
| Q2 24 | $-254.0M | $-750.0K | ||
| Q1 24 | $-86.0M | $20.8M |
营业利润率MBIOSG
| Q4 25 | -200.0% | -76.7% | ||
| Q3 25 | -46.7% | -89.0% | ||
| Q2 25 | -243.5% | -75.8% | ||
| Q1 25 | -442.9% | -41.1% | ||
| Q4 24 | -135.1% | -55.5% | ||
| Q3 24 | -175.9% | -90.0% | ||
| Q2 24 | 683.8% | -111.6% | ||
| Q1 24 | -669.2% | -18.3% |
净利率MBIOSG
| Q4 25 | -182.1% | -73.8% | ||
| Q3 25 | -53.3% | -312.3% | ||
| Q2 25 | -243.5% | -239.8% | ||
| Q1 25 | -442.9% | -121.7% | ||
| Q4 24 | 2245.9% | -55.1% | ||
| Q3 24 | -193.1% | -119.2% | ||
| Q2 24 | 686.5% | -5.7% | ||
| Q1 24 | -661.5% | 117.2% |
每股收益（稀释后）MBIOSG
| Q4 25 | $-1.01 | $-0.82 | ||
| Q3 25 | $-0.17 | $-2.35 | ||
| Q2 25 | $-1.12 | $-1.54 | ||
| Q1 25 | $-1.28 | $-1.22 | ||
| Q4 24 | $-1.07 | $-11.75 | ||
| Q3 24 | $-1.18 | $-0.63 | ||
| Q2 24 | $-5.34 | $-0.02 | ||
| Q1 24 | $-1.84 | $0.44 |
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 | — | $146.4M |
| 总债务越低越好 | — | $117.6M |
| 股东权益账面价值 | $-2.2B | $715.8M |
| 总资产 | $2.0B | $2.2B |
| 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MBIOSG
| Q4 25 | — | $146.4M | ||
| Q3 25 | — | $27.5M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $34.1M | ||
| Q4 24 | — | $157.2M | ||
| Q3 24 | — | $40.8M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $13.8M |
总债务MBIOSG
| Q4 25 | — | $117.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $518.0M | ||
| Q2 24 | — | $515.0M | ||
| Q1 24 | — | $512.0M |
股东权益MBIOSG
| Q4 25 | $-2.2B | $715.8M | ||
| Q3 25 | $-2.2B | $843.4M | ||
| Q2 25 | $-2.2B | $859.8M | ||
| Q1 25 | $-2.1B | $852.2M | ||
| Q4 24 | $-2.1B | $798.4M | ||
| Q3 24 | $-2.0B | $1.5B | ||
| Q2 24 | $-2.0B | $1.4B | ||
| Q1 24 | $-1.7B | $1.4B |
总资产MBIOSG
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.1B | $8.5B | ||
| Q1 25 | $2.1B | $8.3B | ||
| Q4 24 | $2.2B | $8.1B | ||
| Q3 24 | $2.2B | $9.3B | ||
| Q2 24 | $2.3B | $8.2B | ||
| Q1 24 | $2.5B | $8.4B |
负债/权益比MBIOSG
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
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 | $-10.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MBIOSG
| Q4 25 | $-10.0M | — | ||
| Q3 25 | $90.0M | $-41.2M | ||
| Q2 25 | $1.0M | $2.1M | ||
| Q1 25 | $-43.0M | $-12.6M | ||
| Q4 24 | $3.0M | — | ||
| Q3 24 | $-139.0M | $48.9M | ||
| Q2 24 | $-10.0M | $20.4M | ||
| Q1 24 | $-30.0M | $7.1M |
现金转化率MBIOSG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.34× |
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
MBI
| US Public Finance Insurance | $15.0M | 54% |
| Corporate Operations | $7.0M | 25% |
| International And Structured Finance Insurance | $5.0M | 18% |
| Other | $1.0M | 4% |
OSG
| Specialty Property Casualty Program | $23.1M | 57% |
| Accident Health | $9.6M | 24% |
| Specialty Automobile | $3.1M | 8% |
| Niche Specialty Risks | $2.4M | 6% |
| Other | $2.0M | 5% |
