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Pinnacle West Capital（PNW）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
RENAISSANCERE HOLDINGS LTD的季度营收约是Pinnacle West Capital的1.9倍（$2.2B vs $1.1B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 1.6%，领先21.9%），Pinnacle West Capital同比增速更快（3.0% vs -36.8%），过去两年Pinnacle West Capital的营收复合增速更高（8.9% vs -11.9%）
Pinnacle West Capital是美国公用事业控股企业，旗下拥有亚利桑那州规模最大的公用事业公司亚利桑那公共服务（APS）。公司于纽约证券交易所上市，是标普500指数成分股，运营受亚利桑那州公司委员会监管。
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。
PNW vs RNR — 直观对比
营收规模更大
RNR
是对方的1.9倍
$1.1B
营收增速更快
PNW
高出39.7%
-36.8%
净利率更高
RNR
高出21.9%
1.6%
两年增速更快
PNW
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $17.6M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 10.7% | — |
| 净利率 | 1.6% | 23.5% |
| 营收同比 | 3.0% | -36.8% |
| 净利润同比 | 798.0% | 72.6% |
| 每股收益（稀释后） | $0.12 | $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PNWRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.4B | $3.2B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.8B | $4.0B | ||
| Q2 24 | $1.3B | $2.8B |
净利润PNWRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $17.6M | $760.5M | ||
| Q3 25 | $417.5M | $916.5M | ||
| Q2 25 | $196.9M | $835.4M | ||
| Q1 25 | $-338.0K | $170.0M | ||
| Q4 24 | $-2.5M | $-189.7M | ||
| Q3 24 | $399.3M | $1.2B | ||
| Q2 24 | $208.1M | $503.9M |
营业利润率PNWRNR
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 42.5% | ||
| Q3 25 | 32.0% | 46.3% | ||
| Q2 25 | 22.6% | 41.8% | ||
| Q1 25 | 5.5% | -2.0% | ||
| Q4 24 | 7.7% | -3.6% | ||
| Q3 24 | 30.9% | 43.7% | ||
| Q2 24 | 24.0% | 25.0% |
净利率PNWRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 1.6% | 25.6% | ||
| Q3 25 | 22.9% | 28.7% | ||
| Q2 25 | 14.5% | 26.1% | ||
| Q1 25 | -0.0% | 4.9% | ||
| Q4 24 | -0.2% | -8.3% | ||
| Q3 24 | 22.6% | 29.8% | ||
| Q2 24 | 15.9% | 17.8% |
每股收益（稀释后）PNWRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.12 | $16.16 | ||
| Q3 25 | $3.39 | $19.40 | ||
| Q2 25 | $1.58 | $17.20 | ||
| Q1 25 | $-0.04 | $3.27 | ||
| Q4 24 | $-0.04 | $-3.76 | ||
| Q3 24 | $3.37 | $22.62 | ||
| Q2 24 | $1.76 | $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 | $6.6M | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.0B | $4.3B |
| 总资产 | $30.0B | $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PNWRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $6.6M | $1.7B | ||
| Q3 25 | $30.9M | $1.7B | ||
| Q2 25 | $18.8M | $1.4B | ||
| Q1 25 | $10.0M | $1.6B | ||
| Q4 24 | $3.8M | $1.7B | ||
| Q3 24 | $49.2M | $1.6B | ||
| Q2 24 | $4.0M | $1.6B |
总债务PNWRNR
| 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PNWRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $7.0B | $11.6B | ||
| Q3 25 | $7.2B | $11.5B | ||
| Q2 25 | $6.7B | $10.8B | ||
| Q1 25 | $6.7B | $10.3B | ||
| Q4 24 | $6.8B | $10.6B | ||
| Q3 24 | $6.6B | $11.2B | ||
| Q2 24 | $6.2B | $10.2B |
总资产PNWRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $30.0B | $53.8B | ||
| Q3 25 | $29.9B | $54.5B | ||
| Q2 25 | $29.2B | $54.7B | ||
| Q1 25 | $27.2B | $53.6B | ||
| Q4 24 | $26.1B | $50.7B | ||
| Q3 24 | $26.3B | $52.8B | ||
| Q2 24 | $25.7B | $51.6B |
负债/权益比PNWRNR
| 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 | $476.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-192.7M | — |
| 自由现金流率自由现金流/营收 | -17.1% | — |
| 资本支出强度资本支出/营收 | 59.3% | — |
| 现金转化率经营现金流/净利润 | 27.09× | — |
| 过去12个月自由现金流最近4个季度 | $-819.5M | — |
8季度趋势，按日历期对齐
经营现金流PNWRNR
| Q1 26 | — | — | ||
| Q4 25 | $476.8M | $483.0M | ||
| Q3 25 | $665.0M | $1.6B | ||
| Q2 25 | $261.4M | $1.5B | ||
| Q1 25 | $401.9M | $157.8M | ||
| Q4 24 | $439.5M | $778.9M | ||
| Q3 24 | $633.2M | $1.5B | ||
| Q2 24 | $189.8M | $1.2B |
自由现金流PNWRNR
| Q1 26 | — | — | ||
| Q4 25 | $-192.7M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $-448.1M | — | ||
| Q1 25 | $-220.7M | — | ||
| Q4 24 | $-92.1M | — | ||
| Q3 24 | $-32.7M | — | ||
| Q2 24 | $-344.2M | — |
自由现金流率PNWRNR
| Q1 26 | — | — | ||
| Q4 25 | -17.1% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | -33.0% | — | ||
| Q1 25 | -21.4% | — | ||
| Q4 24 | -8.4% | — | ||
| Q3 24 | -1.8% | — | ||
| Q2 24 | -26.3% | — |
资本支出强度PNWRNR
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | — | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | 52.2% | — | ||
| Q1 25 | 60.3% | — | ||
| Q4 24 | 48.5% | — | ||
| Q3 24 | 37.6% | — | ||
| Q2 24 | 40.8% | — |
现金转化率PNWRNR
| Q1 26 | — | — | ||
| Q4 25 | 27.09× | 0.64× | ||
| Q3 25 | 1.59× | 1.73× | ||
| Q2 25 | 1.33× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.59× | 1.26× | ||
| Q2 24 | 0.91× | 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
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
RNR
暂无分部数据
