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威达信集团（MRSH）与天瑞祥控股有限公司（TIRX）财务数据对比。点击上方公司名可切换其他公司
威达信集团的季度营收约是天瑞祥控股有限公司的3277.4倍（$6.6B vs $2.0M）。威达信集团净利率更高（12.4% vs -12.3%，领先24.8%）。威达信集团同比增速更快（8.7% vs -35.8%）。威达信集团自由现金流更多（$2.1B vs $263.1K）
威达信集团是总部位于纽约的全球专业服务企业，核心业务涵盖保险经纪、风险管理、再保险服务、人才管理、投资咨询及管理咨询，旗下拥有达信（Marsh）等四大运营子公司，可提供风险建模、定制风险融资方案等多元专业服务。
天瑞祥控股有限公司是总部位于中国的保险中介服务提供商，代理销售多家合作保险公司的财险、意外险、寿险等多元保险产品，主要服务中国大陆各区域的个人及企业客户。
MRSH vs TIRX — 直观对比
营收规模更大
MRSH
是对方的3277.4倍
$2.0M
营收增速更快
MRSH
高出44.5%
-35.8%
净利率更高
MRSH
高出24.8%
-12.3%
自由现金流更多
MRSH
多$2.1B
$263.1K
损益表 — Q4 2025 vs Q2 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.6B | $2.0M |
| 净利润 | $821.0M | $-248.3K |
| 毛利率 | — | 85.6% |
| 营业利润率 | 18.5% | -6.7% |
| 净利率 | 12.4% | -12.3% |
| 营收同比 | 8.7% | -35.8% |
| 净利润同比 | 4.2% | -159.3% |
| 每股收益（稀释后） | $1.68 | $-0.02 |
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MRSHTIRX
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $7.0B | $2.0M | ||
| Q1 25 | $7.1B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $6.2B | $3.1M | ||
| Q1 24 | $6.5B | — |
净利润MRSHTIRX
| Q4 25 | $821.0M | — | ||
| Q3 25 | $747.0M | — | ||
| Q2 25 | $1.2B | $-248.3K | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $788.0M | — | ||
| Q3 24 | $747.0M | — | ||
| Q2 24 | $1.1B | $418.9K | ||
| Q1 24 | $1.4B | — |
毛利率MRSHTIRX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 85.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 89.7% | ||
| Q1 24 | — | — |
营业利润率MRSHTIRX
| Q4 25 | 18.5% | — | ||
| Q3 25 | 18.4% | — | ||
| Q2 25 | 26.2% | -6.7% | ||
| Q1 25 | 28.4% | — | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 19.4% | — | ||
| Q2 24 | 26.4% | 18.6% | ||
| Q1 24 | 29.7% | — |
净利率MRSHTIRX
| Q4 25 | 12.4% | — | ||
| Q3 25 | 11.8% | — | ||
| Q2 25 | 17.4% | -12.3% | ||
| Q1 25 | 19.6% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 13.1% | — | ||
| Q2 24 | 18.1% | 13.4% | ||
| Q1 24 | 21.6% | — |
每股收益（稀释后）MRSHTIRX
| Q4 25 | $1.68 | — | ||
| Q3 25 | $1.51 | — | ||
| Q2 25 | $2.45 | $-0.02 | ||
| Q1 25 | $2.79 | — | ||
| Q4 24 | $1.58 | — | ||
| Q3 24 | $1.51 | — | ||
| Q2 24 | $2.27 | $0.01 | ||
| Q1 24 | $2.82 | — |
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 | $2.7B | $28.0M |
| 总债务越低越好 | $19.6B | $3.5M |
| 股东权益账面价值 | $15.3B | $-16.1M |
| 总资产 | $58.7B | $6.0M |
| 负债/权益比越低杠杆越低 | 1.28× | — |
8季度趋势，按日历期对齐
现金及短期投资MRSHTIRX
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $1.7B | $28.0M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | $27.5M | ||
| Q1 24 | $1.5B | — |
总债务MRSHTIRX
| Q4 25 | $19.6B | — | ||
| Q3 25 | $19.6B | — | ||
| Q2 25 | $19.6B | $3.5M | ||
| Q1 25 | $19.5B | — | ||
| Q4 24 | $19.9B | — | ||
| Q3 24 | $12.8B | — | ||
| Q2 24 | $12.8B | — | ||
| Q1 24 | $13.4B | — |
股东权益MRSHTIRX
| Q4 25 | $15.3B | — | ||
| Q3 25 | $15.4B | — | ||
| Q2 25 | $16.0B | $-16.1M | ||
| Q1 25 | $14.3B | — | ||
| Q4 24 | $13.5B | — | ||
| Q3 24 | $13.9B | — | ||
| Q2 24 | $13.6B | $32.3M | ||
| Q1 24 | $12.6B | — |
总资产MRSHTIRX
| Q4 25 | $58.7B | — | ||
| Q3 25 | $58.8B | — | ||
| Q2 25 | $58.6B | $6.0M | ||
| Q1 25 | $57.0B | — | ||
| Q4 24 | $56.5B | — | ||
| Q3 24 | $49.9B | — | ||
| Q2 24 | $48.6B | $38.0M | ||
| Q1 24 | $47.6B | — |
负债/权益比MRSHTIRX
| Q4 25 | 1.28× | — | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 1.06× | — |
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 | $2.2B | $263.7K |
| 自由现金流经营现金流 - 资本支出 | $2.1B | $263.1K |
| 自由现金流率自由现金流/营收 | 31.2% | 13.1% |
| 资本支出强度资本支出/营收 | 1.6% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.63× | — |
| 过去12个月自由现金流最近4个季度 | $5.0B | — |
8季度趋势，按日历期对齐
经营现金流MRSHTIRX
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $1.7B | $263.7K | ||
| Q1 25 | $-622.0M | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.2B | $-646.8K | ||
| Q1 24 | $-781.0M | — |
自由现金流MRSHTIRX
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.6B | $263.1K | ||
| Q1 25 | $-677.0M | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $-868.0M | — |
自由现金流率MRSHTIRX
| Q4 25 | 31.2% | — | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 23.1% | 13.1% | ||
| Q1 25 | -9.6% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 32.3% | — | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | -13.4% | — |
资本支出强度MRSHTIRX
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.3% | — |
现金转化率MRSHTIRX
| Q4 25 | 2.63× | — | ||
| Q3 25 | 2.79× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | -0.45× | — | ||
| Q4 24 | 2.48× | — | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | 1.08× | -1.54× | ||
| Q1 24 | -0.56× | — |
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
MRSH
| Marsh Insurance Group | $3.6B | 55% |
| Consulting Segment | $2.6B | 40% |
| Guy Carpenter Reinsurance Group | $179.0M | 3% |
| Other | $175.0M | 3% |
TIRX
暂无分部数据
