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美国铝业公司（AA）与J.B. Hunt（JBHT）财务数据对比。点击上方公司名可切换其他公司
美国铝业公司的季度营收约是J.B. Hunt的1.1倍（$3.4B vs $3.1B），美国铝业公司净利率更高（6.2% vs 4.6%，领先1.5%），J.B. Hunt同比增速更快（4.6% vs -1.1%），过去两年美国铝业公司的营收复合增速更高（15.2% vs 2.2%）
美国铝业公司是美国大型工业企业，为全球规模领先的铝生产商之一，业务布局覆盖10个国家，涵盖铝土矿开采、氧化铝精炼、原铝冶炼、铝制品加工及铝回收利用全产业链，产品广泛应用于全球各工业领域。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
AA vs JBHT — 直观对比
营收规模更大
AA
是对方的1.1倍
$3.1B
营收增速更快
JBHT
高出5.7%
-1.1%
净利率更高
AA
高出1.5%
4.6%
两年增速更快
AA
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.1B |
| 净利润 | $213.0M | $141.6M |
| 毛利率 | — | — |
| 营业利润率 | 2.0% | 6.8% |
| 净利率 | 6.2% | 4.6% |
| 营收同比 | -1.1% | 4.6% |
| 净利润同比 | 5.4% | 20.2% |
| 每股收益（稀释后） | $0.80 | $1.49 |
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AAJBHT
| Q1 26 | — | $3.1B | ||
| Q4 25 | $3.4B | $3.1B | ||
| Q3 25 | $3.0B | $3.1B | ||
| Q2 25 | $3.0B | $2.9B | ||
| Q1 25 | $3.4B | $2.9B | ||
| Q4 24 | $3.5B | $3.1B | ||
| Q3 24 | $2.9B | $3.1B | ||
| Q2 24 | $2.9B | $2.9B |
净利润AAJBHT
| Q1 26 | — | $141.6M | ||
| Q4 25 | $213.0M | $181.1M | ||
| Q3 25 | $232.0M | $170.8M | ||
| Q2 25 | $164.0M | $128.6M | ||
| Q1 25 | $548.0M | $117.7M | ||
| Q4 24 | $202.0M | $155.5M | ||
| Q3 24 | $90.0M | $152.1M | ||
| Q2 24 | $20.0M | $135.9M |
营业利润率AAJBHT
| Q1 26 | — | 6.8% | ||
| Q4 25 | 2.0% | 8.0% | ||
| Q3 25 | 5.6% | 7.9% | ||
| Q2 25 | 5.3% | 6.7% | ||
| Q1 25 | 19.8% | 6.1% | ||
| Q4 24 | 9.7% | 6.6% | ||
| Q3 24 | 6.3% | 7.3% | ||
| Q2 24 | 3.2% | 7.0% |
净利率AAJBHT
| Q1 26 | — | 4.6% | ||
| Q4 25 | 6.2% | 5.8% | ||
| Q3 25 | 7.7% | 5.6% | ||
| Q2 25 | 5.4% | 4.4% | ||
| Q1 25 | 16.3% | 4.0% | ||
| Q4 24 | 5.8% | 4.9% | ||
| Q3 24 | 3.1% | 5.0% | ||
| Q2 24 | 0.7% | 4.6% |
每股收益（稀释后）AAJBHT
| Q1 26 | — | $1.49 | ||
| Q4 25 | $0.80 | $1.88 | ||
| Q3 25 | $0.88 | $1.76 | ||
| Q2 25 | $0.62 | $1.31 | ||
| Q1 25 | $2.07 | $1.17 | ||
| Q4 24 | $1.18 | $1.53 | ||
| Q3 24 | $0.38 | $1.49 | ||
| Q2 24 | $0.11 | $1.32 |
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 | $4.6M |
| 总债务越低越好 | $2.4B | $1.3B |
| 股东权益账面价值 | $6.1B | $3.6B |
| 总资产 | $16.1B | — |
| 负债/权益比越低杠杆越低 | 0.40× | 0.36× |
8季度趋势，按日历期对齐
现金及短期投资AAJBHT
| Q1 26 | — | $4.6M | ||
| Q4 25 | $1.6B | $17.3M | ||
| Q3 25 | $1.5B | $52.3M | ||
| Q2 25 | $1.5B | $50.9M | ||
| Q1 25 | $1.2B | $43.4M | ||
| Q4 24 | $1.1B | $47.0M | ||
| Q3 24 | $1.3B | $120.0M | ||
| Q2 24 | $1.4B | $53.5M |
总债务AAJBHT
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | $977.7M | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $2.5B | $1.5B |
股东权益AAJBHT
| Q1 26 | — | $3.6B | ||
| Q4 25 | $6.1B | $3.6B | ||
| Q3 25 | $6.3B | $3.6B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $5.8B | $3.9B | ||
| Q4 24 | $5.2B | $4.0B | ||
| Q3 24 | $5.3B | $4.0B | ||
| Q2 24 | $3.9B | $4.1B |
总资产AAJBHT
| Q1 26 | — | — | ||
| Q4 25 | $16.1B | $7.9B | ||
| Q3 25 | $16.0B | $8.1B | ||
| Q2 25 | $15.0B | $8.2B | ||
| Q1 25 | $14.6B | $8.3B | ||
| Q4 24 | $14.1B | $8.3B | ||
| Q3 24 | $14.5B | $8.3B | ||
| Q2 24 | $14.3B | $8.4B |
负债/权益比AAJBHT
| Q1 26 | — | 0.36× | ||
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.48× | 0.24× | ||
| Q3 24 | 0.47× | 0.26× | ||
| Q2 24 | 0.63× | 0.36× |
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 | $537.0M | $353.0M |
| 自由现金流经营现金流 - 资本支出 | $294.0M | — |
| 自由现金流率自由现金流/营收 | 8.5% | — |
| 资本支出强度资本支出/营收 | 7.0% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.52× | 2.49× |
| 过去12个月自由现金流最近4个季度 | $567.0M | — |
8季度趋势，按日历期对齐
经营现金流AAJBHT
| Q1 26 | — | $353.0M | ||
| Q4 25 | $537.0M | $385.6M | ||
| Q3 25 | $85.0M | $486.4M | ||
| Q2 25 | $488.0M | $402.1M | ||
| Q1 25 | $75.0M | $404.2M | ||
| Q4 24 | $415.0M | $317.6M | ||
| Q3 24 | $143.0M | $338.5M | ||
| Q2 24 | $287.0M | $360.6M |
自由现金流AAJBHT
| Q1 26 | — | — | ||
| Q4 25 | $294.0M | $251.3M | ||
| Q3 25 | $-66.0M | $352.4M | ||
| Q2 25 | $357.0M | $185.6M | ||
| Q1 25 | $-18.0M | $158.4M | ||
| Q4 24 | $246.0M | $93.3M | ||
| Q3 24 | $-3.0M | $163.1M | ||
| Q2 24 | $123.0M | $98.2M |
自由现金流率AAJBHT
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | 8.1% | ||
| Q3 25 | -2.2% | 11.5% | ||
| Q2 25 | 11.8% | 6.3% | ||
| Q1 25 | -0.5% | 5.4% | ||
| Q4 24 | 7.1% | 3.0% | ||
| Q3 24 | -0.1% | 5.3% | ||
| Q2 24 | 4.2% | 3.4% |
资本支出强度AAJBHT
| Q1 26 | — | 2.3% | ||
| Q4 25 | 7.0% | 4.3% | ||
| Q3 25 | 5.0% | 4.4% | ||
| Q2 25 | 4.3% | 7.4% | ||
| Q1 25 | 2.8% | 8.4% | ||
| Q4 24 | 4.8% | 7.1% | ||
| Q3 24 | 5.0% | 5.7% | ||
| Q2 24 | 5.6% | 9.0% |
现金转化率AAJBHT
| Q1 26 | — | 2.49× | ||
| Q4 25 | 2.52× | 2.13× | ||
| Q3 25 | 0.37× | 2.85× | ||
| Q2 25 | 2.98× | 3.13× | ||
| Q1 25 | 0.14× | 3.43× | ||
| Q4 24 | 2.05× | 2.04× | ||
| Q3 24 | 1.59× | 2.23× | ||
| Q2 24 | 14.35× | 2.65× |
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
AA
| Aluminum | $2.5B | 72% |
| Third Party Sales | $979.0M | 28% |
JBHT
| Intermodal | $1.5B | 49% |
| Dedicated | $840.6M | 28% |
| Integrated Capacity Solutions | $322.7M | 11% |
| Truckload | $205.4M | 7% |
| Final Mile Services | $188.0M | 6% |
