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MERCURY GENERAL CORP（MCY）与SEABOARD CORP（SEB）财务数据对比。点击上方公司名可切换其他公司
SEABOARD CORP的季度营收约是MERCURY GENERAL CORP的1.6倍（$2.4B vs $1.5B），MERCURY GENERAL CORP净利率更高（13.2% vs 10.6%，领先2.6%），MERCURY GENERAL CORP同比增速更快（12.4% vs -2.9%），MERCURY GENERAL CORP自由现金流更多（$273.9M vs $53.0M），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs 4.9%）
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。
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
MCY vs SEB — 直观对比
营收规模更大
SEB
是对方的1.6倍
$1.5B
营收增速更快
MCY
高出15.3%
-2.9%
净利率更高
MCY
高出2.6%
10.6%
自由现金流更多
MCY
多$220.9M
$53.0M
两年增速更快
MCY
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.4B |
| 净利润 | $202.5M | $255.0M |
| 毛利率 | 99.7% | 7.9% |
| 营业利润率 | 16.2% | 2.7% |
| 净利率 | 13.2% | 10.6% |
| 营收同比 | 12.4% | -2.9% |
| 净利润同比 | 100.4% | 63.5% |
| 每股收益（稀释后） | $3.66 | $262.58 |
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MCYSEB
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.6B | $2.5B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.3B | $2.2B | ||
| Q1 24 | $1.3B | $2.2B |
净利润MCYSEB
| Q4 25 | $202.5M | $255.0M | ||
| Q3 25 | $280.4M | $110.0M | ||
| Q2 25 | $166.5M | $104.0M | ||
| Q1 25 | $-108.3M | $32.0M | ||
| Q4 24 | $101.1M | $156.0M | ||
| Q3 24 | $230.9M | $-149.0M | ||
| Q2 24 | $62.6M | $61.0M | ||
| Q1 24 | $73.5M | $22.0M |
毛利率MCYSEB
| Q4 25 | 99.7% | 7.9% | ||
| Q3 25 | 99.8% | 7.8% | ||
| Q2 25 | 99.8% | 6.5% | ||
| Q1 25 | 99.7% | 6.1% | ||
| Q4 24 | 99.7% | 9.0% | ||
| Q3 24 | 99.8% | 6.2% | ||
| Q2 24 | 99.8% | 5.8% | ||
| Q1 24 | 99.7% | 4.0% |
营业利润率MCYSEB
| Q4 25 | 16.2% | 2.7% | ||
| Q3 25 | 22.1% | 3.3% | ||
| Q2 25 | 14.0% | 2.1% | ||
| Q1 25 | -10.2% | 1.6% | ||
| Q4 24 | 9.0% | 4.6% | ||
| Q3 24 | 18.8% | 1.4% | ||
| Q2 24 | 5.8% | 1.4% | ||
| Q1 24 | 7.0% | -0.9% |
净利率MCYSEB
| Q4 25 | 13.2% | 10.6% | ||
| Q3 25 | 17.7% | 4.3% | ||
| Q2 25 | 11.3% | 4.2% | ||
| Q1 25 | -7.8% | 1.4% | ||
| Q4 24 | 7.4% | 6.3% | ||
| Q3 24 | 15.1% | -6.7% | ||
| Q2 24 | 4.8% | 2.8% | ||
| Q1 24 | 5.8% | 1.0% |
每股收益（稀释后）MCYSEB
| Q4 25 | $3.66 | $262.58 | ||
| Q3 25 | $5.06 | $113.71 | ||
| Q2 25 | $3.01 | $105.22 | ||
| Q1 25 | $-1.96 | $32.95 | ||
| Q4 24 | $1.82 | $158.58 | ||
| Q3 24 | $4.17 | $-153.44 | ||
| Q2 24 | $1.13 | $62.82 | ||
| Q1 24 | $1.33 | $22.66 |
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 | — | $1.2B |
| 总债务越低越好 | $575.0M | — |
| 股东权益账面价值 | $2.4B | $5.2B |
| 总资产 | $9.6B | $8.2B |
| 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MCYSEB
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
总债务MCYSEB
| Q4 25 | $575.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $575.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MCYSEB
| Q4 25 | $2.4B | $5.2B | ||
| Q3 25 | $2.2B | $5.0B | ||
| Q2 25 | $2.0B | $4.8B | ||
| Q1 25 | $1.8B | $4.7B | ||
| Q4 24 | $1.9B | $4.7B | ||
| Q3 24 | $1.9B | $4.5B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.6B | $4.6B |
总资产MCYSEB
| Q4 25 | $9.6B | $8.2B | ||
| Q3 25 | $9.4B | $8.0B | ||
| Q2 25 | $9.1B | $7.9B | ||
| Q1 25 | $9.0B | $7.6B | ||
| Q4 24 | $8.3B | $7.7B | ||
| Q3 24 | $8.2B | $7.5B | ||
| Q2 24 | $7.7B | $7.7B | ||
| Q1 24 | $7.4B | $7.6B |
负债/权益比MCYSEB
| Q4 25 | 0.24× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $188.0M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | $53.0M |
| 自由现金流率自由现金流/营收 | 17.8% | 2.2% |
| 资本支出强度资本支出/营收 | 0.9% | 5.6% |
| 现金转化率经营现金流/净利润 | 1.42× | 0.74× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $6.0M |
8季度趋势，按日历期对齐
经营现金流MCYSEB
| Q4 25 | $287.9M | $188.0M | ||
| Q3 25 | $496.4M | $319.0M | ||
| Q2 25 | $371.6M | $81.0M | ||
| Q1 25 | $-68.7M | $-20.0M | ||
| Q4 24 | $248.3M | $300.0M | ||
| Q3 24 | $318.1M | $194.0M | ||
| Q2 24 | $278.0M | $6.0M | ||
| Q1 24 | $192.6M | $19.0M |
自由现金流MCYSEB
| Q4 25 | $273.9M | $53.0M | ||
| Q3 25 | $479.5M | $152.0M | ||
| Q2 25 | $357.2M | $-70.0M | ||
| Q1 25 | $-81.9M | $-129.0M | ||
| Q4 24 | $236.0M | $162.0M | ||
| Q3 24 | $306.2M | $58.0M | ||
| Q2 24 | $266.5M | $-127.0M | ||
| Q1 24 | $182.4M | $-85.0M |
自由现金流率MCYSEB
| Q4 25 | 17.8% | 2.2% | ||
| Q3 25 | 30.3% | 6.0% | ||
| Q2 25 | 24.2% | -2.8% | ||
| Q1 25 | -5.9% | -5.6% | ||
| Q4 24 | 17.3% | 6.5% | ||
| Q3 24 | 20.0% | 2.6% | ||
| Q2 24 | 20.4% | -5.7% | ||
| Q1 24 | 14.3% | -3.9% |
资本支出强度MCYSEB
| Q4 25 | 0.9% | 5.6% | ||
| Q3 25 | 1.1% | 6.6% | ||
| Q2 25 | 1.0% | 6.1% | ||
| Q1 25 | 0.9% | 4.7% | ||
| Q4 24 | 0.9% | 5.6% | ||
| Q3 24 | 0.8% | 6.1% | ||
| Q2 24 | 0.9% | 6.0% | ||
| Q1 24 | 0.8% | 4.7% |
现金转化率MCYSEB
| Q4 25 | 1.42× | 0.74× | ||
| Q3 25 | 1.77× | 2.90× | ||
| Q2 25 | 2.23× | 0.78× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | 2.46× | 1.92× | ||
| Q3 24 | 1.38× | — | ||
| Q2 24 | 4.44× | 0.10× | ||
| Q1 24 | 2.62× | 0.86× |
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
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
