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MERCURY GENERAL CORP（MCY）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
豪士科的季度营收约是MERCURY GENERAL CORP的1.8倍（$2.7B vs $1.5B），MERCURY GENERAL CORP净利率更高（13.2% vs 5.0%，领先8.2%），MERCURY GENERAL CORP同比增速更快（12.4% vs 3.5%），豪士科自由现金流更多（$540.3M vs $273.9M），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs 2.8%）
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
MCY vs OSK — 直观对比
营收规模更大
OSK
是对方的1.8倍
$1.5B
营收增速更快
MCY
高出8.9%
3.5%
净利率更高
MCY
高出8.2%
5.0%
自由现金流更多
OSK
多$266.4M
$273.9M
两年增速更快
MCY
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.7B |
| 净利润 | $202.5M | $133.8M |
| 毛利率 | 99.7% | 15.8% |
| 营业利润率 | 16.2% | 7.9% |
| 净利率 | 13.2% | 5.0% |
| 营收同比 | 12.4% | 3.5% |
| 净利润同比 | 100.4% | -12.6% |
| 每股收益（稀释后） | $3.66 | — |
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MCYOSK
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.6B | $2.7B | ||
| Q2 25 | $1.5B | $2.7B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.3B | $2.5B |
净利润MCYOSK
| Q4 25 | $202.5M | $133.8M | ||
| Q3 25 | $280.4M | $196.2M | ||
| Q2 25 | $166.5M | $204.8M | ||
| Q1 25 | $-108.3M | $112.2M | ||
| Q4 24 | $101.1M | $153.1M | ||
| Q3 24 | $230.9M | $180.3M | ||
| Q2 24 | $62.6M | $168.6M | ||
| Q1 24 | $73.5M | $179.4M |
毛利率MCYOSK
| Q4 25 | 99.7% | 15.8% | ||
| Q3 25 | 99.8% | 17.5% | ||
| Q2 25 | 99.8% | 19.2% | ||
| Q1 25 | 99.7% | 17.3% | ||
| Q4 24 | 99.7% | 17.2% | ||
| Q3 24 | 99.8% | 18.5% | ||
| Q2 24 | 99.8% | 19.2% | ||
| Q1 24 | 99.7% | 18.5% |
营业利润率MCYOSK
| Q4 25 | 16.2% | 7.9% | ||
| Q3 25 | 22.1% | 9.7% | ||
| Q2 25 | 14.0% | 10.7% | ||
| Q1 25 | -10.2% | 7.6% | ||
| Q4 24 | 9.0% | 8.6% | ||
| Q3 24 | 18.8% | 9.7% | ||
| Q2 24 | 5.8% | 9.2% | ||
| Q1 24 | 7.0% | 10.2% |
净利率MCYOSK
| Q4 25 | 13.2% | 5.0% | ||
| Q3 25 | 17.7% | 7.3% | ||
| Q2 25 | 11.3% | 7.5% | ||
| Q1 25 | -7.8% | 4.9% | ||
| Q4 24 | 7.4% | 5.9% | ||
| Q3 24 | 15.1% | 6.6% | ||
| Q2 24 | 4.8% | 5.9% | ||
| Q1 24 | 5.8% | 7.1% |
每股收益（稀释后）MCYOSK
| Q4 25 | $3.66 | — | ||
| Q3 25 | $5.06 | — | ||
| Q2 25 | $3.01 | — | ||
| Q1 25 | $-1.96 | — | ||
| Q4 24 | $1.82 | — | ||
| Q3 24 | $4.17 | — | ||
| Q2 24 | $1.13 | — | ||
| Q1 24 | $1.33 | — |
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 | — | $479.8M |
| 总债务越低越好 | $575.0M | — |
| 股东权益账面价值 | $2.4B | $4.5B |
| 总资产 | $9.6B | $10.1B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资MCYOSK
| Q4 25 | — | $479.8M | ||
| Q3 25 | — | $211.8M | ||
| Q2 25 | — | $191.7M | ||
| Q1 25 | — | $210.3M | ||
| Q4 24 | — | $204.9M | ||
| Q3 24 | — | $160.9M | ||
| Q2 24 | — | $141.4M | ||
| Q1 24 | — | $69.9M |
总债务MCYOSK
| Q4 25 | $575.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $575.0M | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M | ||
| Q1 24 | — | $598.9M |
股东权益MCYOSK
| Q4 25 | $2.4B | $4.5B | ||
| Q3 25 | $2.2B | $4.5B | ||
| Q2 25 | $2.0B | $4.5B | ||
| Q1 25 | $1.8B | $4.2B | ||
| Q4 24 | $1.9B | $4.2B | ||
| Q3 24 | $1.9B | $4.1B | ||
| Q2 24 | $1.6B | $3.9B | ||
| Q1 24 | $1.6B | $3.8B |
总资产MCYOSK
| Q4 25 | $9.6B | $10.1B | ||
| Q3 25 | $9.4B | $9.8B | ||
| Q2 25 | $9.1B | $10.0B | ||
| Q1 25 | $9.0B | $9.8B | ||
| Q4 24 | $8.3B | $9.4B | ||
| Q3 24 | $8.2B | $9.9B | ||
| Q2 24 | $7.7B | $9.7B | ||
| Q1 24 | $7.4B | $9.5B |
负债/权益比MCYOSK
| Q4 25 | 0.24× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.16× |
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 | $287.9M | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | $540.3M |
| 自由现金流率自由现金流/营收 | 17.8% | 20.1% |
| 资本支出强度资本支出/营收 | 0.9% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.42× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $618.0M |
8季度趋势，按日历期对齐
经营现金流MCYOSK
| Q4 25 | $287.9M | $600.1M | ||
| Q3 25 | $496.4M | $489.0M | ||
| Q2 25 | $371.6M | $89.2M | ||
| Q1 25 | $-68.7M | $-394.9M | ||
| Q4 24 | $248.3M | $790.8M | ||
| Q3 24 | $318.1M | $326.1M | ||
| Q2 24 | $278.0M | $-211.0M | ||
| Q1 24 | $192.6M | $-355.8M |
自由现金流MCYOSK
| Q4 25 | $273.9M | $540.3M | ||
| Q3 25 | $479.5M | $464.3M | ||
| Q2 25 | $357.2M | $48.6M | ||
| Q1 25 | $-81.9M | $-435.2M | ||
| Q4 24 | $236.0M | $703.3M | ||
| Q3 24 | $306.2M | $272.2M | ||
| Q2 24 | $266.5M | $-250.5M | ||
| Q1 24 | $182.4M | $-455.9M |
自由现金流率MCYOSK
| Q4 25 | 17.8% | 20.1% | ||
| Q3 25 | 30.3% | 17.3% | ||
| Q2 25 | 24.2% | 1.8% | ||
| Q1 25 | -5.9% | -18.8% | ||
| Q4 24 | 17.3% | 27.1% | ||
| Q3 24 | 20.0% | 9.9% | ||
| Q2 24 | 20.4% | -8.8% | ||
| Q1 24 | 14.3% | -17.9% |
资本支出强度MCYOSK
| Q4 25 | 0.9% | 2.2% | ||
| Q3 25 | 1.1% | 0.9% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 0.9% | 1.7% | ||
| Q4 24 | 0.9% | 3.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 0.9% | 1.4% | ||
| Q1 24 | 0.8% | 3.9% |
现金转化率MCYOSK
| Q4 25 | 1.42× | 4.49× | ||
| Q3 25 | 1.77× | 2.49× | ||
| Q2 25 | 2.23× | 0.44× | ||
| Q1 25 | — | -3.52× | ||
| Q4 24 | 2.46× | 5.17× | ||
| Q3 24 | 1.38× | 1.81× | ||
| Q2 24 | 4.44× | -1.25× | ||
| Q1 24 | 2.62× | -1.98× |
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
MCY
暂无分部数据
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
