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怡安集团（RYAN）与STEWART INFORMATION SERVICES CORP（STC）财务数据对比。点击上方公司名可切换其他公司
STEWART INFORMATION SERVICES CORP的季度营收约是怡安集团的1.0倍（$764.6M vs $738.0M），STEWART INFORMATION SERVICES CORP净利率更高（2.2% vs 1.1%，领先1.1%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 13.6%），过去两年怡安集团的营收复合增速更高（17.1% vs 12.7%）
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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
RYAN vs STC — 直观对比
营收规模更大
STC
是对方的1.0倍
$738.0M
营收增速更快
STC
高出14.0%
13.6%
净利率更高
STC
高出1.1%
1.1%
两年增速更快
RYAN
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $738.0M | $764.6M |
| 净利润 | $8.0M | $17.0M |
| 毛利率 | — | — |
| 营业利润率 | 12.4% | — |
| 净利率 | 1.1% | 2.2% |
| 营收同比 | 13.6% | 27.7% |
| 净利润同比 | -42.0% | 448.4% |
| 每股收益（稀释后） | — | — |
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RYANSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $738.0M | $790.6M | ||
| Q3 25 | $739.6M | $796.9M | ||
| Q2 25 | $840.9M | $722.2M | ||
| Q1 25 | $676.1M | $612.0M | ||
| Q4 24 | $649.4M | $665.9M | ||
| Q3 24 | $588.1M | $667.9M | ||
| Q2 24 | $680.2M | $602.2M |
净利润RYANSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $8.0M | $36.3M | ||
| Q3 25 | $31.1M | $44.3M | ||
| Q2 25 | $52.0M | $31.9M | ||
| Q1 25 | $-27.6M | $3.1M | ||
| Q4 24 | $13.8M | $22.7M | ||
| Q3 24 | $17.6M | $30.1M | ||
| Q2 24 | $46.8M | $17.3M |
营业利润率RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | 12.4% | 6.5% | ||
| Q3 25 | 15.0% | 7.7% | ||
| Q2 25 | 22.7% | 6.5% | ||
| Q1 25 | 14.8% | 1.0% | ||
| Q4 24 | 16.8% | 5.3% | ||
| Q3 24 | 13.9% | 6.4% | ||
| Q2 24 | 24.2% | 4.8% |
净利率RYANSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 1.1% | 4.6% | ||
| Q3 25 | 4.2% | 5.6% | ||
| Q2 25 | 6.2% | 4.4% | ||
| Q1 25 | -4.1% | 0.5% | ||
| Q4 24 | 2.1% | 3.4% | ||
| Q3 24 | 3.0% | 4.5% | ||
| Q2 24 | 6.9% | 2.9% |
每股收益（稀释后）RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.55 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.62 |
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 | $158.3M | $317.5M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $648.1M | — |
| 总资产 | $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RYANSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $158.3M | $369.7M | ||
| Q3 25 | $153.5M | $233.2M | ||
| Q2 25 | $172.6M | $223.8M | ||
| Q1 25 | $203.5M | $194.2M | ||
| Q4 24 | $540.2M | $257.5M | ||
| Q3 24 | $235.2M | $228.7M | ||
| Q2 24 | $1.7B | $176.7M |
总债务RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.3B | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | $648.1M | $1.6B | ||
| Q3 25 | $630.5M | $1.5B | ||
| Q2 25 | $610.1M | $1.4B | ||
| Q1 25 | $542.5M | $1.4B | ||
| Q4 24 | $627.7M | $1.4B | ||
| Q3 24 | $632.8M | $1.4B | ||
| Q2 24 | $605.9M | $1.4B |
总资产RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | $10.6B | $3.3B | ||
| Q3 25 | $9.9B | $2.8B | ||
| Q2 25 | $10.6B | $2.8B | ||
| Q1 25 | $9.9B | $2.7B | ||
| Q4 24 | $9.6B | $2.7B | ||
| Q3 24 | $8.5B | $2.7B | ||
| Q2 24 | $8.3B | $2.6B |
负债/权益比RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | 5.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.22× | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 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 | $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 | 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RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | $263.2M | $89.5M | ||
| Q3 25 | $169.7M | $92.6M | ||
| Q2 25 | $353.6M | $53.4M | ||
| Q1 25 | $-142.8M | $-29.9M | ||
| Q4 24 | $259.6M | $68.0M | ||
| Q3 24 | $100.9M | $76.1M | ||
| Q2 24 | $270.8M | $21.1M |
自由现金流RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | — | $62.3M | ||
| Q3 25 | $167.3M | $73.6M | ||
| Q2 25 | — | $38.7M | ||
| Q1 25 | $-143.5M | $-42.2M | ||
| Q4 24 | — | $55.6M | ||
| Q3 24 | — | $67.4M | ||
| Q2 24 | — | $11.9M |
自由现金流率RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | 22.6% | 9.2% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | -21.2% | -6.9% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 2.0% |
资本支出强度RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 3.4% | ||
| Q3 25 | 0.3% | 2.4% | ||
| Q2 25 | 0.0% | 2.0% | ||
| Q1 25 | 0.1% | 2.0% | ||
| Q4 24 | 0.0% | 1.9% | ||
| Q3 24 | 0.0% | 1.3% | ||
| Q2 24 | 0.0% | 1.5% |
现金转化率RYANSTC
| Q1 26 | — | — | ||
| Q4 25 | 32.99× | 2.47× | ||
| Q3 25 | 5.46× | 2.09× | ||
| Q2 25 | 6.80× | 1.67× | ||
| Q1 25 | — | -9.73× | ||
| Q4 24 | 18.88× | 2.99× | ||
| Q3 24 | 5.74× | 2.53× | ||
| Q2 24 | 5.79× | 1.22× |
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
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
