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MERCURY GENERAL CORP（MCY）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MERCURY GENERAL CORP的1.4倍（$2.2B vs $1.5B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 13.2%，领先10.3%），MERCURY GENERAL CORP同比增速更快（12.4% vs -36.8%），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs -11.9%）
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。
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。
MCY vs RNR — 直观对比
营收规模更大
RNR
是对方的1.4倍
$1.5B
营收增速更快
MCY
高出49.2%
-36.8%
净利率更高
RNR
高出10.3%
13.2%
两年增速更快
MCY
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.2B |
| 净利润 | $202.5M | $515.8M |
| 毛利率 | 99.7% | — |
| 营业利润率 | 16.2% | — |
| 净利率 | 13.2% | 23.5% |
| 营收同比 | 12.4% | -36.8% |
| 净利润同比 | 100.4% | 72.6% |
| 每股收益（稀释后） | $3.66 | $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MCYRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.5B | $3.0B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.5B | $4.0B | ||
| Q2 24 | $1.3B | $2.8B |
净利润MCYRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $202.5M | $760.5M | ||
| Q3 25 | $280.4M | $916.5M | ||
| Q2 25 | $166.5M | $835.4M | ||
| Q1 25 | $-108.3M | $170.0M | ||
| Q4 24 | $101.1M | $-189.7M | ||
| Q3 24 | $230.9M | $1.2B | ||
| Q2 24 | $62.6M | $503.9M |
毛利率MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | 99.7% | — | ||
| Q3 25 | 99.8% | — | ||
| Q2 25 | 99.8% | — | ||
| Q1 25 | 99.7% | — | ||
| Q4 24 | 99.7% | — | ||
| Q3 24 | 99.8% | — | ||
| Q2 24 | 99.8% | — |
营业利润率MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | 16.2% | 42.5% | ||
| Q3 25 | 22.1% | 46.3% | ||
| Q2 25 | 14.0% | 41.8% | ||
| Q1 25 | -10.2% | -2.0% | ||
| Q4 24 | 9.0% | -3.6% | ||
| Q3 24 | 18.8% | 43.7% | ||
| Q2 24 | 5.8% | 25.0% |
净利率MCYRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 13.2% | 25.6% | ||
| Q3 25 | 17.7% | 28.7% | ||
| Q2 25 | 11.3% | 26.1% | ||
| Q1 25 | -7.8% | 4.9% | ||
| Q4 24 | 7.4% | -8.3% | ||
| Q3 24 | 15.1% | 29.8% | ||
| Q2 24 | 4.8% | 17.8% |
每股收益（稀释后）MCYRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $3.66 | $16.16 | ||
| Q3 25 | $5.06 | $19.40 | ||
| Q2 25 | $3.01 | $17.20 | ||
| Q1 25 | $-1.96 | $3.27 | ||
| Q4 24 | $1.82 | $-3.76 | ||
| Q3 24 | $4.17 | $22.62 | ||
| Q2 24 | $1.13 | $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 | — | $1.6B |
| 总债务越低越好 | $575.0M | — |
| 股东权益账面价值 | $2.4B | $4.3B |
| 总资产 | $9.6B | $53.7B |
| 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MCYRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
总债务MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | $575.0M | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $575.0M | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益MCYRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.4B | $11.6B | ||
| Q3 25 | $2.2B | $11.5B | ||
| Q2 25 | $2.0B | $10.8B | ||
| Q1 25 | $1.8B | $10.3B | ||
| Q4 24 | $1.9B | $10.6B | ||
| Q3 24 | $1.9B | $11.2B | ||
| Q2 24 | $1.6B | $10.2B |
总资产MCYRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $9.6B | $53.8B | ||
| Q3 25 | $9.4B | $54.5B | ||
| Q2 25 | $9.1B | $54.7B | ||
| Q1 25 | $9.0B | $53.6B | ||
| Q4 24 | $8.3B | $50.7B | ||
| Q3 24 | $8.2B | $52.8B | ||
| Q2 24 | $7.7B | $51.6B |
负债/权益比MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | 0.30× | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 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 | $287.9M | — |
| 自由现金流经营现金流 - 资本支出 | $273.9M | — |
| 自由现金流率自由现金流/营收 | 17.8% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | $287.9M | $483.0M | ||
| Q3 25 | $496.4M | $1.6B | ||
| Q2 25 | $371.6M | $1.5B | ||
| Q1 25 | $-68.7M | $157.8M | ||
| Q4 24 | $248.3M | $778.9M | ||
| Q3 24 | $318.1M | $1.5B | ||
| Q2 24 | $278.0M | $1.2B |
自由现金流MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | $273.9M | — | ||
| Q3 25 | $479.5M | — | ||
| Q2 25 | $357.2M | — | ||
| Q1 25 | $-81.9M | — | ||
| Q4 24 | $236.0M | — | ||
| Q3 24 | $306.2M | — | ||
| Q2 24 | $266.5M | — |
自由现金流率MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | 17.8% | — | ||
| Q3 25 | 30.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 20.4% | — |
资本支出强度MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.9% | — |
现金转化率MCYRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 0.64× | ||
| Q3 25 | 1.77× | 1.73× | ||
| Q2 25 | 2.23× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 1.38× | 1.26× | ||
| Q2 24 | 4.44× | 2.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
