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RENAISSANCERE HOLDINGS LTD（RNR）与Tennessee Valley Authority（TVE）财务数据对比。点击上方公司名可切换其他公司
Tennessee Valley Authority的季度营收约是RENAISSANCERE HOLDINGS LTD的1.4倍（$3.0B vs $2.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 8.7%，领先14.8%），Tennessee Valley Authority同比增速更快（4.4% vs -36.8%），过去两年Tennessee Valley Authority的营收复合增速更高（-1.7% vs -11.9%）
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。
田纳西河流域管理局（TVA）是美国联邦政府所有的电力公用事业企业，服务范围覆盖田纳西州全境，以及阿拉巴马州、密西西比州、肯塔基州的部分区域，还涵盖佐治亚州、北卡罗来纳州、弗吉尼亚州的小块区域。该企业虽归属联邦政府，但不依赖纳税人资金运营，运营模式与私营盈利企业类似，总部位于田纳西州诺克斯维尔。
RNR vs TVE — 直观对比
营收规模更大
TVE
是对方的1.4倍
$2.2B
营收增速更快
TVE
高出41.2%
-36.8%
净利率更高
RNR
高出14.8%
8.7%
两年增速更快
TVE
近两年复合增速
-11.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.0B |
| 净利润 | $515.8M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 18.1% |
| 净利率 | 23.5% | 8.7% |
| 营收同比 | -36.8% | 4.4% |
| 净利润同比 | 72.6% | 112.8% |
| 每股收益（稀释后） | $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RNRTVE
| Q1 26 | $2.2B | — | ||
| Q4 25 | $3.0B | $3.0B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | $3.2B | $3.3B | ||
| Q1 25 | $3.5B | $3.5B | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $4.0B | $3.5B | ||
| Q2 24 | $2.8B | $2.9B |
净利润RNRTVE
| Q1 26 | $515.8M | — | ||
| Q4 25 | $760.5M | $266.0M | ||
| Q3 25 | $916.5M | $615.0M | ||
| Q2 25 | $835.4M | $212.0M | ||
| Q1 25 | $170.0M | $408.0M | ||
| Q4 24 | $-189.7M | $125.0M | ||
| Q3 24 | $1.2B | $520.0M | ||
| Q2 24 | $503.9M | $181.0M |
营业利润率RNRTVE
| Q1 26 | — | — | ||
| Q4 25 | 42.5% | 18.1% | ||
| Q3 25 | 46.3% | 23.6% | ||
| Q2 25 | 41.8% | 15.6% | ||
| Q1 25 | -2.0% | 20.3% | ||
| Q4 24 | -3.6% | 14.1% | ||
| Q3 24 | 43.7% | 22.7% | ||
| Q2 24 | 25.0% | 15.9% |
净利率RNRTVE
| Q1 26 | 23.5% | — | ||
| Q4 25 | 25.6% | 8.7% | ||
| Q3 25 | 28.7% | 15.7% | ||
| Q2 25 | 26.1% | 6.4% | ||
| Q1 25 | 4.9% | 11.6% | ||
| Q4 24 | -8.3% | 4.3% | ||
| Q3 24 | 29.8% | 14.8% | ||
| Q2 24 | 17.8% | 6.3% |
每股收益（稀释后）RNRTVE
| Q1 26 | $6.57 | — | ||
| Q4 25 | $16.16 | — | ||
| Q3 25 | $19.40 | — | ||
| Q2 25 | $17.20 | — | ||
| Q1 25 | $3.27 | — | ||
| Q4 24 | $-3.76 | — | ||
| Q3 24 | $22.62 | — | ||
| Q2 24 | $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 | $501.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | — |
| 总资产 | $53.7B | $59.5B |
| 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RNRTVE
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.7B | $501.0M | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.4B | $501.0M | ||
| Q1 25 | $1.6B | $502.0M | ||
| Q4 24 | $1.7B | $507.0M | ||
| Q3 24 | $1.6B | $502.0M | ||
| Q2 24 | $1.6B | $501.0M |
总债务RNRTVE
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $22.1B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $19.1B | ||
| Q2 24 | $2.0B | — |
股东权益RNRTVE
| Q1 26 | $4.3B | — | ||
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.5B | — | ||
| Q2 25 | $10.8B | — | ||
| Q1 25 | $10.3B | — | ||
| Q4 24 | $10.6B | — | ||
| Q3 24 | $11.2B | — | ||
| Q2 24 | $10.2B | — |
总资产RNRTVE
| Q1 26 | $53.7B | — | ||
| Q4 25 | $53.8B | $59.5B | ||
| Q3 25 | $54.5B | $60.9B | ||
| Q2 25 | $54.7B | $59.9B | ||
| Q1 25 | $53.6B | $59.3B | ||
| Q4 24 | $50.7B | $58.4B | ||
| Q3 24 | $52.8B | $57.7B | ||
| Q2 24 | $51.6B | $56.2B |
负债/权益比RNRTVE
| 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 | — | $330.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-814.0M |
| 自由现金流率自由现金流/营收 | — | -26.7% |
| 资本支出强度资本支出/营收 | — | 37.5% |
| 现金转化率经营现金流/净利润 | — | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $-1.2B |
8季度趋势，按日历期对齐
经营现金流RNRTVE
| Q1 26 | — | — | ||
| Q4 25 | $483.0M | $330.0M | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $615.0M | ||
| Q1 25 | $157.8M | $1.0B | ||
| Q4 24 | $778.9M | $450.0M | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.2B | $508.0M |
自由现金流RNRTVE
| Q1 26 | — | — | ||
| Q4 25 | — | $-814.0M | ||
| Q3 25 | — | $233.0M | ||
| Q2 25 | — | $-431.0M | ||
| Q1 25 | — | $-176.0M | ||
| Q4 24 | — | $-759.0M | ||
| Q3 24 | — | $164.0M | ||
| Q2 24 | — | $-248.0M |
自由现金流率RNRTVE
| Q1 26 | — | — | ||
| Q4 25 | — | -26.7% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | -26.0% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | -8.6% |
资本支出强度RNRTVE
| Q1 26 | — | — | ||
| Q4 25 | — | 37.5% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 33.6% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | — | 26.3% |
现金转化率RNRTVE
| Q1 26 | — | — | ||
| Q4 25 | 0.64× | 1.24× | ||
| Q3 25 | 1.73× | 2.03× | ||
| Q2 25 | 1.76× | 2.90× | ||
| Q1 25 | 0.93× | 2.48× | ||
| Q4 24 | — | 3.60× | ||
| Q3 24 | 1.26× | 2.05× | ||
| Q2 24 | 2.41× | 2.81× |
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
RNR
暂无分部数据
TVE
| TN | $2.0B | 65% |
| AL | $449.0M | 15% |
| MS | $266.0M | 9% |
| KY | $193.0M | 6% |
| GA | $75.0M | 2% |
| Federal Agencies And Other | $29.0M | 1% |
| NC | $23.0M | 1% |
| VA | $12.0M | 0% |
| Off System Sales Member | $2.0M | 0% |
