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MARKEL GROUP INC.（MKL）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
MARKEL GROUP INC.的季度营收约是RENAISSANCERE HOLDINGS LTD的1.2倍（$3.6B vs $3.0B）。RENAISSANCERE HOLDINGS LTD净利率更高（25.6% vs 16.1%，领先9.5%）。RENAISSANCERE HOLDINGS LTD同比增速更快（29.6% vs -6.9%）。过去两年RENAISSANCERE HOLDINGS LTD的营收复合增速更高（6.9% vs -10.5%）
Markel集团是总部位于美国弗吉尼亚州里士满的综合性企业集团，1930年最初以保险公司的身份创立，发展至今业务已覆盖保险承保、投资管理等多个板块，在全球相关行业拥有较高的市场知名度与稳定的合作网络。
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。
MKL vs RNR — 直观对比
营收规模更大
MKL
是对方的1.2倍
$3.0B
营收增速更快
RNR
高出36.5%
-6.9%
净利率更高
RNR
高出9.5%
16.1%
两年增速更快
RNR
近两年复合增速
-10.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $3.0B |
| 净利润 | $576.8M | $760.5M |
| 毛利率 | — | — |
| 营业利润率 | 22.2% | 42.5% |
| 净利率 | 16.1% | 25.6% |
| 营收同比 | -6.9% | 29.6% |
| 净利润同比 | 5.0% | 501.0% |
| 每股收益（稀释后） | $48.22 | $16.16 |
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MKLRNR
| Q4 25 | $3.6B | $3.0B | ||
| Q3 25 | $3.9B | $3.2B | ||
| Q2 25 | $4.6B | $3.2B | ||
| Q1 25 | $3.4B | $3.5B | ||
| Q4 24 | $3.8B | $2.3B | ||
| Q3 24 | $4.6B | $4.0B | ||
| Q2 24 | $3.7B | $2.8B | ||
| Q1 24 | $4.5B | $2.6B |
净利润MKLRNR
| Q4 25 | $576.8M | $760.5M | ||
| Q3 25 | $751.3M | $916.5M | ||
| Q2 25 | $657.1M | $835.4M | ||
| Q1 25 | $121.7M | $170.0M | ||
| Q4 24 | $549.2M | $-189.7M | ||
| Q3 24 | $905.0M | $1.2B | ||
| Q2 24 | $267.7M | $503.9M | ||
| Q1 24 | $1.0B | $373.6M |
营业利润率MKLRNR
| Q4 25 | 22.2% | 42.5% | ||
| Q3 25 | 25.7% | 46.3% | ||
| Q2 25 | 24.1% | 41.8% | ||
| Q1 25 | 8.3% | -2.0% | ||
| Q4 24 | 15.5% | -3.6% | ||
| Q3 24 | 29.7% | 43.7% | ||
| Q2 24 | 11.1% | 25.0% | ||
| Q1 24 | 29.9% | 24.4% |
净利率MKLRNR
| Q4 25 | 16.1% | 25.6% | ||
| Q3 25 | 19.1% | 28.7% | ||
| Q2 25 | 14.3% | 26.1% | ||
| Q1 25 | 3.6% | 4.9% | ||
| Q4 24 | 14.3% | -8.3% | ||
| Q3 24 | 19.6% | 29.8% | ||
| Q2 24 | 7.2% | 17.8% | ||
| Q1 24 | 23.0% | 14.4% |
每股收益（稀释后）MKLRNR
| Q4 25 | $48.22 | $16.16 | ||
| Q3 25 | $59.25 | $19.40 | ||
| Q2 25 | $49.67 | $17.20 | ||
| Q1 25 | $12.08 | $3.27 | ||
| Q4 24 | $39.02 | $-3.76 | ||
| Q3 24 | $66.25 | $22.62 | ||
| Q2 24 | $18.62 | $9.41 | ||
| Q1 24 | $75.43 | $6.94 |
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 | $4.0B | $1.7B |
| 总债务越低越好 | $4.3B | $2.3B |
| 股东权益账面价值 | $18.6B | $11.6B |
| 总资产 | $68.9B | $53.8B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资MKLRNR
| Q4 25 | $4.0B | $1.7B | ||
| Q3 25 | $4.0B | $1.7B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $4.2B | $1.6B | ||
| Q4 24 | $3.7B | $1.7B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $3.5B | $1.6B | ||
| Q1 24 | $3.6B | $1.6B |
总债务MKLRNR
| Q4 25 | $4.3B | $2.3B | ||
| Q3 25 | $4.3B | $2.2B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.4B | $2.8B | ||
| Q4 24 | $4.3B | $1.9B | ||
| Q3 24 | $4.4B | $1.9B | ||
| Q2 24 | $4.4B | $2.0B | ||
| Q1 24 | $3.9B | $1.9B |
股东权益MKLRNR
| Q4 25 | $18.6B | $11.6B | ||
| Q3 25 | $18.0B | $11.5B | ||
| Q2 25 | $17.3B | $10.8B | ||
| Q1 25 | $17.1B | $10.3B | ||
| Q4 24 | $16.9B | $10.6B | ||
| Q3 24 | $17.0B | $11.2B | ||
| Q2 24 | $15.9B | $10.2B | ||
| Q1 24 | $15.7B | $9.8B |
总资产MKLRNR
| Q4 25 | $68.9B | $53.8B | ||
| Q3 25 | $67.4B | $54.5B | ||
| Q2 25 | $66.8B | $54.7B | ||
| Q1 25 | $64.6B | $53.6B | ||
| Q4 24 | $61.9B | $50.7B | ||
| Q3 24 | $62.3B | $52.8B | ||
| Q2 24 | $59.7B | $51.6B | ||
| Q1 24 | $57.3B | $50.9B |
负债/权益比MKLRNR
| Q4 25 | 0.23× | 0.20× | ||
| Q3 25 | 0.24× | 0.19× | ||
| Q2 25 | 0.25× | 0.21× | ||
| Q1 25 | 0.26× | 0.27× | ||
| Q4 24 | 0.26× | 0.18× | ||
| Q3 24 | 0.26× | 0.17× | ||
| Q2 24 | 0.28× | 0.19× | ||
| Q1 24 | 0.25× | 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 | $662.2M | $483.0M |
| 自由现金流经营现金流 - 资本支出 | $599.1M | — |
| 自由现金流率自由现金流/营收 | 16.7% | — |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 现金转化率经营现金流/净利润 | 1.15× | 0.64× |
| 过去12个月自由现金流最近4个季度 | $2.6B | — |
8季度趋势，按日历期对齐
经营现金流MKLRNR
| Q4 25 | $662.2M | $483.0M | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $504.4M | $1.5B | ||
| Q1 25 | $376.2M | $157.8M | ||
| Q4 24 | $493.9M | $778.9M | ||
| Q3 24 | $890.8M | $1.5B | ||
| Q2 24 | $578.6M | $1.2B | ||
| Q1 24 | $630.7M | $683.5M |
自由现金流MKLRNR
| Q4 25 | $599.1M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $453.8M | — | ||
| Q1 25 | $335.5M | — | ||
| Q4 24 | $420.0M | — | ||
| Q3 24 | $838.9M | — | ||
| Q2 24 | $521.4M | — | ||
| Q1 24 | $558.7M | — |
自由现金流率MKLRNR
| Q4 25 | 16.7% | — | ||
| Q3 25 | 29.6% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | 12.5% | — |
资本支出强度MKLRNR
| Q4 25 | 1.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.6% | — |
现金转化率MKLRNR
| Q4 25 | 1.15× | 0.64× | ||
| Q3 25 | 1.62× | 1.73× | ||
| Q2 25 | 0.77× | 1.76× | ||
| Q1 25 | 3.09× | 0.93× | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 0.98× | 1.26× | ||
| Q2 24 | 2.16× | 2.41× | ||
| Q1 24 | 0.62× | 1.83× |
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
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
RNR
暂无分部数据
