ACGL
Arch Capital Group Ltd.$89.34
+1.46%Live · FMPMay 29, 2026
Market cap
$31.21B
52w range
82.45 – 103.39
P / E
—
EPS
—
Volume
5.15M
Revenue · FY
$19.93B
+14.27% YoY
Ratios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +34.02% | +29.92% | +35.63% | +36.97% | +37.16% | +37.52% | +37.36% | +35.65% |
| Operating margin | +19.46% | +14.21% | +23.37% | +25.65% | +24.98% | +24.47% | +24.25% | +24.41% |
| EBITDA margin | +26.04% | +17.85% | +27.18% | +27.81% | +26.86% | +27.70% | +27.91% | +27.26% |
| EBIT margin | +25.12% | +16.75% | +26.46% | +26.46% | +25.89% | +26.91% | +26.32% | +25.82% |
| Pre-tax margin | +26.52% | +16.17% | +26.85% | +26.80% | +25.89% | +25.83% | +27.16% | +26.73% |
| Net margin | +24.17% | +15.28% | +33.42% | +24.72% | +22.07% | +23.96% | +24.40% | +24.99% |
| Cost structure | ||||||||
| Cost of revenue / sales | +65.98% | +70.08% | +64.37% | +63.03% | +62.84% | +65.18% | +64.47% | +64.92% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +0.87% | +0.98% | +0.77% | +9.59% | 0.00% | +3.37% | +3.39% | +3.55% |
| Effective tax rate | +5.41% | +5.12% | -24.46% | +7.74% | +14.73% | +11.21% | +11.24% | +11.30% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +15.91% | +11.42% | +24.21% | +20.71% | +18.17% | +18.67% | +18.86% | +19.63% |
| Return on assets (ROA) | +4.78% | +3.08% | +7.54% | +6.08% | +6.56% | +6.06% | +6.02% | +6.51% |
| Return on capital (ROC) | +10.67% | +8.77% | +14.74% | +19.00% | +18.49% | +16.84% | +16.62% | +17.02% |
| Return on invested capital (ROIC) | +13.25% | +9.43% | +21.08% | +18.31% | +16.33% | +16.49% | +16.72% | +17.42% |
| Asset turnover | +19.79% | +20.12% | +22.57% | +24.60% | +29.72% | +25.29% | +24.68% | +26.03% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +24.17% | +15.28% | +33.42% | +24.72% | +22.07% | +23.96% | +24.40% | +24.99% |
| Asset turnover (× revenue / assets) | +19.79% | +20.12% | +22.57% | +24.60% | +29.72% | +25.29% | +24.68% | +26.03% |
| Equity multiplier (× assets / equity) | +332.72% | +371.41% | +320.93% | +340.57% | +277.02% | +308.08% | +313.21% | +301.75% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.20 | 0.20 | 0.23 | 0.25 | 0.30 | 0.25 | 0.25 | 0.26 |
| Fixed-asset turnover | — | — | — | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — |
| Receivables turnover | 0.85 | 0.80 | 0.96 | 1.06 | 2.49 | — | — | — |
| Payables turnover | 1.72 | 2.07 | 2.24 | 2.56 | 2.72 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 428.98 | 457.00 | 379.47 | 343.30 | 146.39 | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 211.72 | 176.03 | 162.80 | 142.84 | 133.99 | — | — | — |
| Cash conversion cycle | 217.26 | 280.97 | 216.67 | 200.46 | 12.41 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.59 | 2.59 | 1.29 | 1.55 | 1.40 | 1.60 | 1.49 | 1.48 |
| FCF / Net income | 1.57 | 2.55 | 1.28 | 1.54 | 1.39 | 1.52 | 1.54 | 1.53 |
| FCF margin | +37.94% | +38.97% | +42.85% | +37.97% | +30.75% | +36.39% | +37.68% | +38.16% |
| OCF margin | +38.41% | +39.52% | +43.25% | +38.26% | +30.97% | +38.24% | +36.38% | +36.94% |
| CapEx / Revenue | +0.46% | +0.54% | +0.39% | +0.29% | +0.22% | +0.30% | +0.31% | +0.31% |
| CapEx / D&A | 0.50 | 0.49 | 0.55 | 0.22 | 0.23 | — | — | — |
| Stock-based comp / Revenue | +0.99% | +0.91% | +0.70% | +0.76% | +0.74% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 5.23 | 3.80 | 11.62 | 11.19 | 11.62 | 9.29 | 9.93 | 10.70 |
| EPS · basic | 5.34 | 3.90 | 11.94 | 11.47 | 11.84 | 9.52 | 10.27 | 10.97 |
| Book value / share | 33.86 | 34.22 | 48.46 | 54.53 | 64.36 | 58.09 | 59.89 | 62.41 |
| Tangible BV / share | 29.25 | 28.74 | 42.48 | 46.45 | 56.55 | 58.09 | 59.89 | 62.41 |
| Sales / share | 22.29 | 25.57 | 35.10 | 45.68 | 52.99 | 45.27 | 46.30 | 49.03 |
| Operating CF / share | 8.56 | 10.11 | 15.18 | 17.48 | 16.41 | 17.31 | 16.85 | 18.11 |
| Free cash flow / share | 8.46 | 9.97 | 15.04 | 17.34 | 16.29 | 16.47 | 17.45 | 18.71 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 4.89 | 0.02 | 1.62 | 1.71 | 1.77 |
| Payout ratio | 0.00% | 0.00% | 0.00% | +43.27% | +0.16% | +14.96% | +15.11% | +14.42% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +56.73% | +99.84% | +85.04% | +84.89% | +85.58% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +8.21% | +37.66% | +31.19% | +14.27% | -14.34% | +2.41% | +6.38% | +11.06% |
| Gross profit · YoY | — | -4.84% | +63.93% | +36.13% | +14.88% | -13.52% | +1.96% | +1.53% | +11.81% |
| Profit | |||||||||
| Operating income · YoY | — | -21.01% | +126.46% | +44.00% | +11.29% | -16.11% | +1.48% | +7.11% | +14.71% |
| EBITDA · YoY | — | -25.82% | +109.57% | +34.24% | +10.35% | -11.64% | +3.16% | +3.92% | +11.79% |
| Net income · YoY | — | -31.57% | +201.02% | -2.95% | +2.02% | -7.03% | +4.30% | +8.95% | +11.59% |
| Operating | |||||||||
| EBIT · YoY | — | -27.83% | +117.43% | +31.18% | +11.79% | -10.95% | +0.17% | +4.36% | +11.50% |
| R&D · YoY | — | — | — | — | — | — | — | — | — |
| Per-share | |||||||||
| EPS · diluted · YoY | — | -27.34% | +205.79% | -3.70% | +3.84% | -20.09% | +6.98% | +7.74% | +10.77% |
| EPS · basic · YoY | — | -26.97% | +206.15% | -3.94% | +3.23% | -19.57% | +7.89% | +6.73% | +10.83% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $2.72B | $2.73B | $2.73B | $2.73B | $2.73B | $2.9B | $2.89B | $3B |
| Net debt | $1.87B | $1.87B | $1.81B | $1.75B | $1.74B | $1.91B | $1.86B | $1.91B |
| Net debt / EBITDA | 0.80 | 1.08 | 0.50 | 0.36 | 0.32 | 0.40 | 0.38 | 0.38 |
| Debt / equity | 0.20 | 0.21 | 0.15 | 0.13 | 0.11 | 0.13 | 0.13 | 0.13 |
| Debt / assets | +6.04% | +5.68% | +4.63% | +3.85% | +4.07% | +4.29% | +4.08% | +4.20% |
| Equity / assets | +30.06% | +26.92% | +31.16% | +29.36% | +36.10% | +32.46% | +31.93% | +33.14% |
| Coverage | ||||||||
| EBITDA / interest expense | 16.72 | 13.16 | 27.17 | 34.40 | 36.16 | 32.16 | 32.35 | 31.22 |
| Operating income / interest | 12.50 | 10.47 | 23.36 | 31.73 | 33.64 | 28.40 | 28.11 | 27.95 |
| Interest expense | $139M | $131M | $133M | $141M | $148M | $147.06M | $150.79M | $162.42M |
| Liquidity | ||||||||
| Current ratio | 0.70 | 0.66 | 0.67 | 0.63 | 1.21 | — | — | — |
| Quick ratio | 0.64 | 0.60 | 0.61 | 0.58 | 2.63 | — | — | — |
| Cash ratio | 0.03 | 0.03 | 0.03 | 0.02 | 0.13 | — | — | — |
| Working capital | -$8.13B | -$10.59B | -$11.85B | -$16.18B | $1.55B | — | — | — |
| Working capital / revenue | -91.16% | -109.63% | -89.10% | -92.78% | +7.75% | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).