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Primerica, Inc.（PRI）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
Primerica, Inc.的季度营收约是怡安集团的1.2倍（$853.7M vs $738.0M），Primerica, Inc.净利率更高（23.1% vs 1.1%，领先22.0%），怡安集团同比增速更快（13.6% vs 11.0%），过去两年怡安集团的营收复合增速更高（17.1% vs 7.2%）
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
PRI vs RYAN — 直观对比
营收规模更大
PRI
是对方的1.2倍
$738.0M
营收增速更快
RYAN
高出2.6%
11.0%
净利率更高
PRI
高出22.0%
1.1%
两年增速更快
RYAN
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $853.7M | $738.0M |
| 净利润 | $197.0M | $8.0M |
| 毛利率 | — | — |
| 营业利润率 | 28.9% | 12.4% |
| 净利率 | 23.1% | 1.1% |
| 营收同比 | 11.0% | 13.6% |
| 净利润同比 | 17.9% | -42.0% |
| 每股收益（稀释后） | $6.11 | — |
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PRIRYAN
| Q4 25 | $853.7M | $738.0M | ||
| Q3 25 | $839.9M | $739.6M | ||
| Q2 25 | $793.3M | $840.9M | ||
| Q1 25 | $804.8M | $676.1M | ||
| Q4 24 | $768.8M | $649.4M | ||
| Q3 24 | $774.1M | $588.1M | ||
| Q2 24 | $803.4M | $680.2M | ||
| Q1 24 | $742.8M | $537.9M |
净利润PRIRYAN
| Q4 25 | $197.0M | $8.0M | ||
| Q3 25 | $206.8M | $31.1M | ||
| Q2 25 | $178.3M | $52.0M | ||
| Q1 25 | $169.1M | $-27.6M | ||
| Q4 24 | $167.1M | $13.8M | ||
| Q3 24 | $164.4M | $17.6M | ||
| Q2 24 | $1.2M | $46.8M | ||
| Q1 24 | $137.9M | $16.5M |
毛利率PRIRYAN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 98.0% | — | ||
| Q1 24 | 98.2% | — |
营业利润率PRIRYAN
| Q4 25 | 28.9% | 12.4% | ||
| Q3 25 | 32.3% | 15.0% | ||
| Q2 25 | 29.6% | 22.7% | ||
| Q1 25 | 27.5% | 14.8% | ||
| Q4 24 | 64.7% | 16.8% | ||
| Q3 24 | 32.9% | 13.9% | ||
| Q2 24 | 1.0% | 24.2% | ||
| Q1 24 | 24.1% | 13.5% |
净利率PRIRYAN
| Q4 25 | 23.1% | 1.1% | ||
| Q3 25 | 24.6% | 4.2% | ||
| Q2 25 | 22.5% | 6.2% | ||
| Q1 25 | 21.0% | -4.1% | ||
| Q4 24 | 21.7% | 2.1% | ||
| Q3 24 | 21.2% | 3.0% | ||
| Q2 24 | 0.1% | 6.9% | ||
| Q1 24 | 18.6% | 3.1% |
每股收益（稀释后）PRIRYAN
| Q4 25 | $6.11 | — | ||
| Q3 25 | $6.35 | — | ||
| Q2 25 | $5.40 | — | ||
| Q1 25 | $5.05 | — | ||
| Q4 24 | $4.92 | — | ||
| Q3 24 | $4.83 | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | $3.93 | — |
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 | $756.2M | $158.3M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $2.4B | $648.1M |
| 总资产 | $15.0B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 5.16× |
8季度趋势，按日历期对齐
现金及短期投资PRIRYAN
| Q4 25 | $756.2M | $158.3M | ||
| Q3 25 | $644.9M | $153.5M | ||
| Q2 25 | $621.2M | $172.6M | ||
| Q1 25 | $625.1M | $203.5M | ||
| Q4 24 | $687.8M | $540.2M | ||
| Q3 24 | $550.1M | $235.2M | ||
| Q2 24 | $627.3M | $1.7B | ||
| Q1 24 | $593.4M | $1.6B |
总债务PRIRYAN
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PRIRYAN
| Q4 25 | $2.4B | $648.1M | ||
| Q3 25 | $2.3B | $630.5M | ||
| Q2 25 | $2.3B | $610.1M | ||
| Q1 25 | $2.3B | $542.5M | ||
| Q4 24 | $2.3B | $627.7M | ||
| Q3 24 | $1.9B | $632.8M | ||
| Q2 24 | $2.1B | $605.9M | ||
| Q1 24 | $2.2B | $554.4M |
总资产PRIRYAN
| Q4 25 | $15.0B | $10.6B | ||
| Q3 25 | $14.8B | $9.9B | ||
| Q2 25 | $14.8B | $10.6B | ||
| Q1 25 | $14.6B | $9.9B | ||
| Q4 24 | $14.6B | $9.6B | ||
| Q3 24 | $14.8B | $8.5B | ||
| Q2 24 | $14.6B | $8.3B | ||
| Q1 24 | $14.9B | $7.1B |
负债/权益比PRIRYAN
| Q4 25 | — | 5.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $338.2M | $263.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 1.72× | 32.99× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PRIRYAN
| Q4 25 | $338.2M | $263.2M | ||
| Q3 25 | $202.9M | $169.7M | ||
| Q2 25 | $162.6M | $353.6M | ||
| Q1 25 | $197.5M | $-142.8M | ||
| Q4 24 | $270.6M | $259.6M | ||
| Q3 24 | $207.3M | $100.9M | ||
| Q2 24 | $173.3M | $270.8M | ||
| Q1 24 | $210.9M | $-116.5M |
自由现金流PRIRYAN
| Q4 25 | — | — | ||
| Q3 25 | — | $167.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-143.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率PRIRYAN
| Q4 25 | — | — | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度PRIRYAN
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率PRIRYAN
| Q4 25 | 1.72× | 32.99× | ||
| Q3 25 | 0.98× | 5.46× | ||
| Q2 25 | 0.91× | 6.80× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.62× | 18.88× | ||
| Q3 24 | 1.26× | 5.74× | ||
| Q2 24 | 147.98× | 5.79× | ||
| Q1 24 | 1.53× | -7.05× |
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
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
