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SELECTIVE INSURANCE GROUP INC（SIGI）与Snap Inc（SNAP）财务数据对比。点击上方公司名可切换其他公司
Snap Inc的季度营收约是SELECTIVE INSURANCE GROUP INC的1.3倍（$1.7B vs $1.4B），SELECTIVE INSURANCE GROUP INC净利率更高（7.2% vs 2.6%，领先4.6%），Snap Inc同比增速更快（10.2% vs 5.7%），过去两年Snap Inc的营收复合增速更高（19.9% vs 6.6%）
Selective保险集团是总部位于美国的保险控股企业，提供财产险、意外伤害险等多元保险产品，涵盖个人车险、住宅险、商业财产险、责任险、工伤补偿险等品类，主要服务美国境内的中小型企业、个人消费者及非营利组织，通过独立保险代理网络分销。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
SIGI vs SNAP — 直观对比
营收规模更大
SNAP
是对方的1.3倍
$1.4B
营收增速更快
SNAP
高出4.5%
5.7%
净利率更高
SIGI
高出4.6%
2.6%
两年增速更快
SNAP
近两年复合增速
6.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $97.7M | $45.2M |
| 毛利率 | — | 59.1% |
| 营业利润率 | — | 2.9% |
| 净利率 | 7.2% | 2.6% |
| 营收同比 | 5.7% | 10.2% |
| 净利润同比 | -37.0% | 396.7% |
| 每股收益（稀释后） | $1.58 | $0.03 |
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SIGISNAP
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.2B |
净利润SIGISNAP
| Q1 26 | $97.7M | — | ||
| Q4 25 | $155.2M | $45.2M | ||
| Q3 25 | $115.3M | $-103.5M | ||
| Q2 25 | $85.9M | $-262.6M | ||
| Q1 25 | $109.9M | $-139.6M | ||
| Q4 24 | $95.5M | $9.1M | ||
| Q3 24 | $92.3M | $-153.2M | ||
| Q2 24 | $-63.3M | $-248.6M |
毛利率SIGISNAP
| Q1 26 | — | — | ||
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 51.4% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 52.4% |
营业利润率SIGISNAP
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 2.9% | ||
| Q3 25 | 10.7% | -8.5% | ||
| Q2 25 | 8.2% | -19.3% | ||
| Q1 25 | 10.8% | -14.2% | ||
| Q4 24 | 9.5% | -1.7% | ||
| Q3 24 | 9.4% | -12.6% | ||
| Q2 24 | -6.7% | -20.5% |
净利率SIGISNAP
| Q1 26 | 7.2% | — | ||
| Q4 25 | 11.4% | 2.6% | ||
| Q3 25 | 8.5% | -6.9% | ||
| Q2 25 | 6.5% | -19.5% | ||
| Q1 25 | 8.6% | -10.2% | ||
| Q4 24 | 7.6% | 0.6% | ||
| Q3 24 | 7.4% | -11.2% | ||
| Q2 24 | -5.3% | -20.1% |
每股收益（稀释后）SIGISNAP
| Q1 26 | $1.58 | — | ||
| Q4 25 | $2.52 | $0.03 | ||
| Q3 25 | $1.85 | $-0.06 | ||
| Q2 25 | $1.36 | $-0.16 | ||
| Q1 25 | $1.76 | $-0.08 | ||
| Q4 24 | $1.53 | $0.01 | ||
| Q3 24 | $1.47 | $-0.09 | ||
| Q2 24 | $-1.08 | $-0.15 |
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 | $451.8M | $2.9B |
| 总债务越低越好 | $901.4M | $3.5B |
| 股东权益账面价值 | $3.6B | $2.3B |
| 总资产 | $15.3B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.25× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资SIGISNAP
| Q1 26 | $451.8M | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.1B |
总债务SIGISNAP
| Q1 26 | $901.4M | — | ||
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $507.9M | $3.6B | ||
| Q3 24 | $508.2M | $3.6B | ||
| Q2 24 | $508.8M | $3.6B |
股东权益SIGISNAP
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.5B | $2.2B | ||
| Q2 25 | $3.4B | $2.1B | ||
| Q1 25 | $3.3B | $2.3B | ||
| Q4 24 | $3.1B | $2.5B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $2.9B | $2.1B |
总资产SIGISNAP
| Q1 26 | $15.3B | — | ||
| Q4 25 | $15.2B | $7.7B | ||
| Q3 25 | $15.0B | $7.6B | ||
| Q2 25 | $14.5B | $7.4B | ||
| Q1 25 | $14.2B | $7.6B | ||
| Q4 24 | $13.5B | $7.9B | ||
| Q3 24 | $13.5B | $7.6B | ||
| Q2 24 | $12.6B | $7.4B |
负债/权益比SIGISNAP
| Q1 26 | 0.25× | — | ||
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 0.16× | 1.49× | ||
| Q3 24 | 0.16× | 1.65× | ||
| Q2 24 | 0.17× | 1.76× |
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 | — | $269.6M |
| 自由现金流经营现金流 - 资本支出 | — | $205.6M |
| 自由现金流率自由现金流/营收 | — | 12.0% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | — | 5.96× |
| 过去12个月自由现金流最近4个季度 | — | $437.2M |
8季度趋势，按日历期对齐
经营现金流SIGISNAP
| Q1 26 | — | — | ||
| Q4 25 | $376.3M | $269.6M | ||
| Q3 25 | $405.8M | $146.5M | ||
| Q2 25 | $166.9M | $88.5M | ||
| Q1 25 | $284.0M | $151.6M | ||
| Q4 24 | $332.2M | $230.6M | ||
| Q3 24 | $387.4M | $115.9M | ||
| Q2 24 | $266.1M | $-21.4M |
自由现金流SIGISNAP
| Q1 26 | — | — | ||
| Q4 25 | $366.3M | $205.6M | ||
| Q3 25 | $397.3M | $93.4M | ||
| Q2 25 | $159.7M | $23.8M | ||
| Q1 25 | $271.0M | $114.4M | ||
| Q4 24 | $324.7M | $182.4M | ||
| Q3 24 | $378.0M | $71.8M | ||
| Q2 24 | $258.4M | $-73.4M |
自由现金流率SIGISNAP
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | 12.0% | ||
| Q3 25 | 29.2% | 6.2% | ||
| Q2 25 | 12.0% | 1.8% | ||
| Q1 25 | 21.1% | 8.4% | ||
| Q4 24 | 25.8% | 11.7% | ||
| Q3 24 | 30.4% | 5.2% | ||
| Q2 24 | 21.6% | -5.9% |
资本支出强度SIGISNAP
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 3.7% | ||
| Q3 25 | 0.6% | 3.5% | ||
| Q2 25 | 0.5% | 4.8% | ||
| Q1 25 | 1.0% | 2.7% | ||
| Q4 24 | 0.6% | 3.1% | ||
| Q3 24 | 0.8% | 3.2% | ||
| Q2 24 | 0.6% | 4.2% |
现金转化率SIGISNAP
| Q1 26 | — | — | ||
| Q4 25 | 2.42× | 5.96× | ||
| Q3 25 | 3.52× | — | ||
| Q2 25 | 1.94× | — | ||
| Q1 25 | 2.58× | — | ||
| Q4 24 | 3.48× | 25.34× | ||
| Q3 24 | 4.20× | — | ||
| Q2 24 | — | — |
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
SIGI
暂无分部数据
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
