Arch Capital Group (ACGL) financial statements
Arch Capital Group reported revenue of $19.9B in fiscal 2025, up 18.1% a year over 9 years.
Net income was $4.4B and the operating margin 25.0%, against 19.2% in 2016.
Free cash flow was $6.1B, and the company returned $1.9B in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Arch Capital Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5B | $5.6B | $5.5B | $6.9B | $8.5B | $9.2B | $9.6B | $13.6B | $17.4B | $19.9B |
| Selling, general and admin | $82M | $84M | $79M | $80M | $82M | $78M | $95M | $102M | $200M | $132M |
| Operating income | $856M | $757M | $842M | $1.8B | $1.6B | $2.1B | $1.5B | $3.4B | $4.5B | $5.0B |
| Interest expense | $66M | $117M | $120M | $121M | $143M | $139M | $131M | $133M | $141M | $148M |
| Pre-tax income | $856M | $757M | $842M | $1.8B | $1.6B | $2.4B | $1.6B | $3.6B | $4.7B | $5.2B |
| Income tax | $31M | $128M | $114M | $156M | $112M | $128M | $80M | -$873M | $362M | $760M |
| Net income | $693M | $619M | $758M | $1.6B | $1.4B | $2.2B | $1.5B | $4.4B | $4.3B | $4.4B |
| EPS (diluted) | $1.78 | $1.36 | $1.73 | $3.87 | $3.32 | $5.23 | $3.80 | $11.62 | $11.19 | $11.60 |
| Diluted shares | 374M | 418M | 413M | 412M | 410M | 400M | 378M | 379M | 382M | 376M |
| Operating margin | 19.2% | 13.5% | 15.4% | 26.7% | 18.3% | 22.7% | 15.5% | 24.8% | 25.7% | 25.0% |
| Net margin | 15.5% | 11.0% | 13.9% | 23.6% | 16.5% | 23.3% | 15.4% | 32.6% | 24.7% | 22.1% |
Balance sheet
Fiscal years, from Arch Capital Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $843M | $606M | $647M | $726M | $906M | $859M | $855M | $917M | $979M | $993M |
| Receivables | $1.1B | $1.1B | $1.3B | $1.8B | $2.1B | $2.6B | $3.6B | $4.6B | $5.6B | $5.7B |
| Goodwill | $204M | $198M | $250M | $327M | $315M | $345M | $342M | $345M | $571M | $607M |
| Total assets | $29.4B | $32.1B | $32.2B | $37.9B | $43.3B | $45.1B | $48.0B | $58.9B | $70.9B | $79.2B |
| Long-term debt | $757M | $816M | $456M | $484M | $156M | $0 | — | — | — | — |
| Total liabilities | $20.1B | $21.8B | $21.8B | $25.6B | $29.3B | $31.5B | $35.1B | $40.6B | $50.1B | $55.0B |
| Shareholders' equity | $8.3B | $9.2B | $9.4B | $11.5B | $13.1B | $13.5B | $12.9B | $18.4B | $20.8B | $24.2B |
| Net debt | -$86M | $210M | -$191M | -$242M | -$751M | -$859M | -$855M | -$917M | -$979M | -$993M |
Cash flow
Fiscal years, from Arch Capital Group's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $1.1B | $1.6B | $2.0B | $2.9B | $3.4B | $3.8B | $5.7B | $6.7B | $6.2B |
| Capital spending | $15M | $23M | $30M | $38M | $40M | $41M | $50M | $52M | $51M | $44M |
| Free cash flow | $1.4B | $1.1B | $1.5B | $2.0B | $2.8B | $3.4B | $3.8B | $5.7B | $6.6B | $6.1B |
| Stock-based compensation | $57M | $68M | $56M | $66M | $71M | $88M | $88M | $93M | $133M | $148M |
| Share buybacks (net) | -$75M | $0 | -$283M | -$3M | -$83M | -$1.2B | -$586M | $0 | -$24M | -$1.9B |
| Free cash flow margin | 30.5% | 19.1% | 28.1% | 29.0% | 33.5% | 36.6% | 39.2% | 41.8% | 38.0% | 30.7% |
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Open ACGL in InvestinglyQuestions
What was Arch Capital Group's revenue in 2025?
$19.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Arch Capital Group generate?
$6.1B in fiscal 2025 (operating cash flow minus capital spending).
From Arch Capital Group's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.