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MARKEL GROUP INC.（MKL）与Roper Technologies（ROP）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Roper Technologies的1.7倍（$3.6B vs $2.1B），MARKEL GROUP INC.净利率更高（16.1% vs 15.8%，领先0.3%），Roper Technologies同比增速更快（11.3% vs -6.9%），MARKEL GROUP INC.自由现金流更多（$599.1M vs $507.0M），过去两年Roper Technologies的营收复合增速更高（10.5% 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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
MKL vs ROP — 直观对比
营收规模更大
MKL
是对方的1.7倍
$2.1B
营收增速更快
ROP
高出18.2%
-6.9%
净利率更高
MKL
高出0.3%
15.8%
自由现金流更多
MKL
多$92.1M
$507.0M
两年增速更快
ROP
近两年复合增速
-10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $2.1B |
| 净利润 | $576.8M | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | 22.2% | 27.2% |
| 净利率 | 16.1% | 15.8% |
| 营收同比 | -6.9% | 11.3% |
| 净利润同比 | 5.0% | 842.6% |
| 每股收益（稀释后） | $48.22 | $4.87 |
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MKLROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.6B | $2.1B | ||
| Q3 25 | $3.9B | $2.0B | ||
| Q2 25 | $4.6B | $1.9B | ||
| Q1 25 | $3.4B | $1.9B | ||
| Q4 24 | $3.8B | $1.9B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $3.7B | $1.7B |
净利润MKLROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $576.8M | $428.4M | ||
| Q3 25 | $751.3M | $398.5M | ||
| Q2 25 | $657.1M | $378.3M | ||
| Q1 25 | $121.7M | $331.1M | ||
| Q4 24 | $549.2M | $462.3M | ||
| Q3 24 | $905.0M | $367.9M | ||
| Q2 24 | $267.7M | $337.1M |
毛利率MKLROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率MKLROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 22.2% | 28.6% | ||
| Q3 25 | 25.7% | 28.4% | ||
| Q2 25 | 24.1% | 28.2% | ||
| Q1 25 | 8.3% | 27.9% | ||
| Q4 24 | 15.5% | 28.0% | ||
| Q3 24 | 29.7% | 28.1% | ||
| Q2 24 | 11.1% | 28.8% |
净利率MKLROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 16.1% | 20.8% | ||
| Q3 25 | 19.1% | 19.8% | ||
| Q2 25 | 14.3% | 19.5% | ||
| Q1 25 | 3.6% | 17.6% | ||
| Q4 24 | 14.3% | 24.6% | ||
| Q3 24 | 19.6% | 20.8% | ||
| Q2 24 | 7.2% | 19.6% |
每股收益（稀释后）MKLROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $48.22 | $3.97 | ||
| Q3 25 | $59.25 | $3.68 | ||
| Q2 25 | $49.67 | $3.49 | ||
| Q1 25 | $12.08 | $3.06 | ||
| Q4 24 | $39.02 | $4.29 | ||
| Q3 24 | $66.25 | $3.40 | ||
| Q2 24 | $18.62 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $4.3B | $9.7B |
| 股东权益账面价值 | $18.6B | $18.8B |
| 总资产 | $68.9B | $34.6B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资MKLROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $4.0B | $297.4M | ||
| Q3 25 | $4.0B | $320.0M | ||
| Q2 25 | $3.7B | $242.4M | ||
| Q1 25 | $4.2B | $372.8M | ||
| Q4 24 | $3.7B | $188.2M | ||
| Q3 24 | $3.9B | $269.6M | ||
| Q2 24 | $3.5B | $251.5M |
总债务MKLROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $4.3B | $9.3B | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | $7.6B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — |
股东权益MKLROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $18.6B | $19.9B | ||
| Q3 25 | $18.0B | $20.0B | ||
| Q2 25 | $17.3B | $19.6B | ||
| Q1 25 | $17.1B | $19.2B | ||
| Q4 24 | $16.9B | $18.9B | ||
| Q3 24 | $17.0B | $18.5B | ||
| Q2 24 | $15.9B | $18.1B |
总资产MKLROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $68.9B | $34.6B | ||
| Q3 25 | $67.4B | $34.6B | ||
| Q2 25 | $66.8B | $33.2B | ||
| Q1 25 | $64.6B | $31.4B | ||
| Q4 24 | $61.9B | $31.3B | ||
| Q3 24 | $62.3B | $31.6B | ||
| Q2 24 | $59.7B | $29.8B |
负债/权益比MKLROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 0.23× | 0.47× | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.26× | 0.40× | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.28× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $599.1M | $507.0M |
| 自由现金流率自由现金流/营收 | 16.7% | 24.2% |
| 资本支出强度资本支出/营收 | 1.8% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.15× | — |
| 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MKLROP
| Q1 26 | — | — | ||
| Q4 25 | $662.2M | $738.0M | ||
| Q3 25 | $1.2B | $869.5M | ||
| Q2 25 | $504.4M | $404.1M | ||
| Q1 25 | $376.2M | $528.7M | ||
| Q4 24 | $493.9M | $722.2M | ||
| Q3 24 | $890.8M | $755.4M | ||
| Q2 24 | $578.6M | $384.1M |
自由现金流MKLROP
| Q1 26 | — | $507.0M | ||
| 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 | — |
自由现金流率MKLROP
| Q1 26 | — | 24.2% | ||
| 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% | — |
资本支出强度MKLROP
| Q1 26 | — | 0.5% | ||
| 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% | — |
现金转化率MKLROP
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 1.72× | ||
| Q3 25 | 1.62× | 2.18× | ||
| Q2 25 | 0.77× | 1.07× | ||
| Q1 25 | 3.09× | 1.60× | ||
| Q4 24 | 0.90× | 1.56× | ||
| Q3 24 | 0.98× | 2.05× | ||
| Q2 24 | 2.16× | 1.14× |
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% |
ROP
暂无分部数据
