vs
NVR, Inc.（NVR）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
NVR, Inc.的季度营收约是RENAISSANCERE HOLDINGS LTD的1.2倍（$2.7B vs $2.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 13.4%，领先10.1%），NVR, Inc.同比增速更快（-4.7% vs -36.8%），过去两年NVR, Inc.的营收复合增速更高（7.8% vs -11.9%）
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
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。
NVR vs RNR — 直观对比
营收规模更大
NVR
是对方的1.2倍
$2.2B
营收增速更快
NVR
高出32.1%
-36.8%
净利率更高
RNR
高出10.1%
13.4%
两年增速更快
NVR
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.2B |
| 净利润 | $363.8M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 13.4% | 23.5% |
| 营收同比 | -4.7% | -36.8% |
| 净利润同比 | -20.5% | 72.6% |
| 每股收益（稀释后） | $120.85 | $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NVRRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.7B | $3.0B | ||
| Q3 25 | $2.6B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.4B | $3.5B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.7B | $4.0B | ||
| Q2 24 | $2.6B | $2.8B |
净利润NVRRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $363.8M | $760.5M | ||
| Q3 25 | $342.7M | $916.5M | ||
| Q2 25 | $333.7M | $835.4M | ||
| Q1 25 | $299.6M | $170.0M | ||
| Q4 24 | $457.4M | $-189.7M | ||
| Q3 24 | $429.3M | $1.2B | ||
| Q2 24 | $400.9M | $503.9M |
营业利润率NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 42.5% | ||
| Q3 25 | — | 46.3% | ||
| Q2 25 | — | 41.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 25.0% |
净利率NVRRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 13.4% | 25.6% | ||
| Q3 25 | 13.1% | 28.7% | ||
| Q2 25 | 12.8% | 26.1% | ||
| Q1 25 | 12.5% | 4.9% | ||
| Q4 24 | 16.1% | -8.3% | ||
| Q3 24 | 15.7% | 29.8% | ||
| Q2 24 | 15.3% | 17.8% |
每股收益（稀释后）NVRRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $120.85 | $16.16 | ||
| Q3 25 | $112.33 | $19.40 | ||
| Q2 25 | $108.54 | $17.20 | ||
| Q1 25 | $94.83 | $3.27 | ||
| Q4 24 | $139.09 | $-3.76 | ||
| Q3 24 | $130.50 | $22.62 | ||
| Q2 24 | $120.69 | $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 | — | — |
| 股东权益账面价值 | $3.9B | $4.3B |
| 总资产 | $5.9B | $53.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NVRRNR
| 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NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益NVRRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.9B | $11.6B | ||
| Q3 25 | $4.0B | $11.5B | ||
| Q2 25 | $3.8B | $10.8B | ||
| Q1 25 | $4.0B | $10.3B | ||
| Q4 24 | $4.2B | $10.6B | ||
| Q3 24 | $4.3B | $11.2B | ||
| Q2 24 | $4.1B | $10.2B |
总资产NVRRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $5.9B | $53.8B | ||
| Q3 25 | $6.0B | $54.5B | ||
| Q2 25 | $5.9B | $54.7B | ||
| Q1 25 | $6.2B | $53.6B | ||
| Q4 24 | $6.4B | $50.7B | ||
| Q3 24 | $6.5B | $52.8B | ||
| Q2 24 | $6.4B | $51.6B |
负债/权益比NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 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 | $439.7M | — |
| 自由现金流经营现金流 - 资本支出 | $436.0M | — |
| 自由现金流率自由现金流/营收 | 16.1% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 1.21× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | $439.7M | $483.0M | ||
| Q3 25 | $438.7M | $1.6B | ||
| Q2 25 | $35.1M | $1.5B | ||
| Q1 25 | $207.8M | $157.8M | ||
| Q4 24 | $637.0M | $778.9M | ||
| Q3 24 | $358.3M | $1.5B | ||
| Q2 24 | $232.7M | $1.2B |
自由现金流NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | $436.0M | — | ||
| Q3 25 | $433.3M | — | ||
| Q2 25 | $26.8M | — | ||
| Q1 25 | $200.7M | — | ||
| Q4 24 | $631.5M | — | ||
| Q3 24 | $350.1M | — | ||
| Q2 24 | $226.3M | — |
自由现金流率NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 12.8% | — | ||
| Q2 24 | 8.7% | — |
资本支出强度NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.2% | — |
现金转化率NVRRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | 0.64× | ||
| Q3 25 | 1.28× | 1.73× | ||
| Q2 25 | 0.11× | 1.76× | ||
| Q1 25 | 0.69× | 0.93× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 0.83× | 1.26× | ||
| Q2 24 | 0.58× | 2.41× |
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
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
RNR
暂无分部数据
