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MBIA INC（MBI）与RADIAN GROUP INC（RDN）财务数据对比。点击上方公司名可切换其他公司
RADIAN GROUP INC的季度营收约是MBIA INC的9.2倍（$257.8M vs $28.0M）。RADIAN GROUP INC净利率更高（60.1% vs -182.1%，领先242.2%）。RADIAN GROUP INC同比增速更快（-18.4% vs -24.3%）。过去两年MBIA INC的营收复合增速更高（46.8% vs -10.2%）
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。
瑞迪安集团（Radian Group Inc.）是一家专业的 mortgage 保险公司，业务涵盖抵押贷款保险、风险管控、房地产服务及产权服务等多个板块，为住房金融市场提供完善的配套服务支持，助力行业降低信贷相关风险。
MBI vs RDN — 直观对比
营收规模更大
RDN
是对方的9.2倍
$28.0M
营收增速更快
RDN
高出5.9%
-24.3%
净利率更高
RDN
高出242.2%
-182.1%
两年增速更快
MBI
近两年复合增速
-10.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $28.0M | $257.8M |
| 净利润 | $-51.0M | $154.8M |
| 毛利率 | — | — |
| 营业利润率 | -200.0% | 88.9% |
| 净利率 | -182.1% | 60.1% |
| 营收同比 | -24.3% | -18.4% |
| 净利润同比 | -106.1% | 4.4% |
| 每股收益（稀释后） | $-1.01 | $1.11 |
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MBIRDN
| Q4 25 | $28.0M | $257.8M | ||
| Q3 25 | $15.0M | $303.2M | ||
| Q2 25 | $23.0M | $318.0M | ||
| Q1 25 | $14.0M | $318.1M | ||
| Q4 24 | $37.0M | $315.9M | ||
| Q3 24 | $29.0M | $333.9M | ||
| Q2 24 | $-37.0M | $321.1M | ||
| Q1 24 | $13.0M | $319.4M |
净利润MBIRDN
| Q4 25 | $-51.0M | $154.8M | ||
| Q3 25 | $-8.0M | $141.4M | ||
| Q2 25 | $-56.0M | $141.8M | ||
| Q1 25 | $-62.0M | $144.6M | ||
| Q4 24 | $831.0M | $148.3M | ||
| Q3 24 | $-56.0M | $151.9M | ||
| Q2 24 | $-254.0M | $151.9M | ||
| Q1 24 | $-86.0M | $152.4M |
毛利率MBIRDN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 97.4% | ||
| Q1 25 | — | 97.2% | ||
| Q4 24 | — | 96.9% | ||
| Q3 24 | — | 97.1% | ||
| Q2 24 | — | 97.0% | ||
| Q1 24 | — | 97.1% |
营业利润率MBIRDN
| Q4 25 | -200.0% | 88.9% | ||
| Q3 25 | -46.7% | 65.5% | ||
| Q2 25 | -243.5% | 55.0% | ||
| Q1 25 | -442.9% | 59.2% | ||
| Q4 24 | -135.1% | 59.9% | ||
| Q3 24 | -175.9% | 58.5% | ||
| Q2 24 | 683.8% | 58.6% | ||
| Q1 24 | -669.2% | 62.2% |
净利率MBIRDN
| Q4 25 | -182.1% | 60.1% | ||
| Q3 25 | -53.3% | 46.7% | ||
| Q2 25 | -243.5% | 44.6% | ||
| Q1 25 | -442.9% | 45.4% | ||
| Q4 24 | 2245.9% | 46.9% | ||
| Q3 24 | -193.1% | 45.5% | ||
| Q2 24 | 686.5% | 47.3% | ||
| Q1 24 | -661.5% | 47.7% |
每股收益（稀释后）MBIRDN
| Q4 25 | $-1.01 | $1.11 | ||
| Q3 25 | $-0.17 | $1.03 | ||
| Q2 25 | $-1.12 | $1.02 | ||
| Q1 25 | $-1.28 | $0.98 | ||
| Q4 24 | $-1.07 | $0.97 | ||
| Q3 24 | $-1.18 | $0.99 | ||
| Q2 24 | $-5.34 | $0.98 | ||
| Q1 24 | $-1.84 | $0.98 |
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 | — | $24.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.2B | $4.8B |
| 总资产 | $2.0B | $8.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MBIRDN
| Q4 25 | — | $24.8M | ||
| Q3 25 | — | $15.3M | ||
| Q2 25 | — | $22.1M | ||
| Q1 25 | — | $24.2M | ||
| Q4 24 | — | $38.8M | ||
| Q3 24 | — | $28.1M | ||
| Q2 24 | — | $13.8M | ||
| Q1 24 | — | $27.0M |
股东权益MBIRDN
| Q4 25 | $-2.2B | $4.8B | ||
| Q3 25 | $-2.2B | $4.7B | ||
| Q2 25 | $-2.2B | $4.5B | ||
| Q1 25 | $-2.1B | $4.6B | ||
| Q4 24 | $-2.1B | $4.6B | ||
| Q3 24 | $-2.0B | $4.7B | ||
| Q2 24 | $-2.0B | $4.5B | ||
| Q1 24 | $-1.7B | $4.4B |
总资产MBIRDN
| Q4 25 | $2.0B | $8.1B | ||
| Q3 25 | $2.1B | $8.2B | ||
| Q2 25 | $2.1B | $9.6B | ||
| Q1 25 | $2.1B | $8.8B | ||
| Q4 24 | $2.2B | $8.7B | ||
| Q3 24 | $2.2B | $8.4B | ||
| Q2 24 | $2.3B | $8.1B | ||
| Q1 24 | $2.5B | $7.8B |
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 | $407.0M |
| 自由现金流经营现金流 - 资本支出 | — | $406.1M |
| 自由现金流率自由现金流/营收 | — | 157.5% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 2.63× |
| 过去12个月自由现金流最近4个季度 | — | $115.7M |
8季度趋势，按日历期对齐
经营现金流MBIRDN
| Q4 25 | $-10.0M | $407.0M | ||
| Q3 25 | $90.0M | $358.4M | ||
| Q2 25 | $1.0M | $-713.3M | ||
| Q1 25 | $-43.0M | $67.8M | ||
| Q4 24 | $3.0M | $-269.4M | ||
| Q3 24 | $-139.0M | $-237.9M | ||
| Q2 24 | $-10.0M | $-207.3M | ||
| Q1 24 | $-30.0M | $51.0M |
自由现金流MBIRDN
| Q4 25 | — | $406.1M | ||
| Q3 25 | — | $357.6M | ||
| Q2 25 | — | $-714.6M | ||
| Q1 25 | — | $66.6M | ||
| Q4 24 | — | $-269.8M | ||
| Q3 24 | — | $-238.1M | ||
| Q2 24 | — | $-208.3M | ||
| Q1 24 | — | $49.5M |
自由现金流率MBIRDN
| Q4 25 | — | 157.5% | ||
| Q3 25 | — | 117.9% | ||
| Q2 25 | — | -224.7% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | — | -85.4% | ||
| Q3 24 | — | -71.3% | ||
| Q2 24 | — | -64.9% | ||
| Q1 24 | — | 15.5% |
资本支出强度MBIRDN
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.5% |
现金转化率MBIRDN
| Q4 25 | — | 2.63× | ||
| Q3 25 | — | 2.53× | ||
| Q2 25 | — | -5.03× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | 0.00× | -1.82× | ||
| Q3 24 | — | -1.57× | ||
| Q2 24 | — | -1.36× | ||
| 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% |
RDN
暂无分部数据
