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西联汇款（AFG）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是西联汇款的1.5倍（$3.1B vs $2.1B），西联汇款净利率更高（14.5% vs 3.0%，领先11.5%），RYDER SYSTEM INC同比增速更快（1.0% vs -4.0%），过去两年西联汇款的营收复合增速更高（4.0% vs -0.9%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
AFG vs R — 直观对比
营收规模更大
R
是对方的1.5倍
$2.1B
营收增速更快
R
高出5.0%
-4.0%
净利率更高
AFG
高出11.5%
3.0%
两年增速更快
AFG
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.1B |
| 净利润 | $299.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.4% | — |
| 净利率 | 14.5% | 3.0% |
| 营收同比 | -4.0% | 1.0% |
| 净利润同比 | 17.3% | -5.1% |
| 每股收益（稀释后） | $3.59 | $2.34 |
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AFGR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.9B | $3.1B | ||
| Q4 24 | $2.1B | $3.2B | ||
| Q3 24 | $2.4B | $3.2B | ||
| Q2 24 | $1.9B | $3.2B |
净利润AFGR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $299.0M | $132.0M | ||
| Q3 25 | $215.0M | $138.0M | ||
| Q2 25 | $174.0M | $131.0M | ||
| Q1 25 | $154.0M | $98.0M | ||
| Q4 24 | $255.0M | $135.0M | ||
| Q3 24 | $181.0M | $142.0M | ||
| Q2 24 | $209.0M | $127.0M |
营业利润率AFGR
| Q1 26 | — | — | ||
| Q4 25 | 18.4% | 5.6% | ||
| Q3 25 | 11.5% | 6.0% | ||
| Q2 25 | 11.9% | 5.8% | ||
| Q1 25 | 10.6% | 4.3% | ||
| Q4 24 | 14.9% | 5.7% | ||
| Q3 24 | 9.7% | 5.9% | ||
| Q2 24 | 14.3% | 5.6% |
净利率AFGR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 14.5% | 4.2% | ||
| Q3 25 | 9.2% | 4.4% | ||
| Q2 25 | 9.0% | 4.1% | ||
| Q1 25 | 8.3% | 3.1% | ||
| Q4 24 | 11.9% | 4.2% | ||
| Q3 24 | 7.6% | 4.5% | ||
| Q2 24 | 11.0% | 4.0% |
每股收益（稀释后）AFGR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $3.59 | $3.22 | ||
| Q3 25 | $2.58 | $3.32 | ||
| Q2 25 | $2.07 | $3.13 | ||
| Q1 25 | $1.84 | $2.27 | ||
| Q4 24 | $3.03 | $3.09 | ||
| Q3 24 | $2.16 | $3.24 | ||
| Q2 24 | $2.49 | $2.84 |
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 | $1.7B | $182.0M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $4.8B | $2.9B |
| 总资产 | $32.6B | — |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资AFGR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.7B | $198.0M | ||
| Q3 25 | $1.8B | $189.0M | ||
| Q2 25 | $1.3B | $180.0M | ||
| Q1 25 | $1.3B | $151.0M | ||
| Q4 24 | $1.4B | $154.0M | ||
| Q3 24 | $1.3B | $162.0M | ||
| Q2 24 | $1.1B | $164.0M |
总债务AFGR
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $6.8B | ||
| Q3 25 | $1.8B | $7.3B | ||
| Q2 25 | $1.5B | $7.0B | ||
| Q1 25 | $1.5B | $6.7B | ||
| Q4 24 | $1.5B | $6.7B | ||
| Q3 24 | $1.5B | $6.6B | ||
| Q2 24 | $1.5B | $6.5B |
股东权益AFGR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $4.8B | $3.1B | ||
| Q3 25 | $4.7B | $3.1B | ||
| Q2 25 | $4.5B | $3.1B | ||
| Q1 25 | $4.4B | $3.0B | ||
| Q4 24 | $4.5B | $3.1B | ||
| Q3 24 | $4.7B | $3.1B | ||
| Q2 24 | $4.4B | $3.1B |
总资产AFGR
| Q1 26 | — | — | ||
| Q4 25 | $32.6B | $16.4B | ||
| Q3 25 | $33.8B | $16.5B | ||
| Q2 25 | $30.7B | $16.5B | ||
| Q1 25 | $30.3B | $16.4B | ||
| Q4 24 | $30.8B | $16.7B | ||
| Q3 24 | $32.6B | $16.5B | ||
| Q2 24 | $29.9B | $16.4B |
负债/权益比AFGR
| Q1 26 | — | — | ||
| Q4 25 | 0.38× | 2.24× | ||
| Q3 25 | 0.38× | 2.35× | ||
| Q2 25 | 0.33× | 2.27× | ||
| Q1 25 | 0.34× | 2.21× | ||
| Q4 24 | 0.33× | 2.14× | ||
| Q3 24 | 0.31× | 2.17× | ||
| Q2 24 | 0.34× | 2.09× |
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 | $784.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | 2.62× | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流AFGR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $784.0M | $749.0M | ||
| Q3 25 | $216.0M | $442.0M | ||
| Q2 25 | $191.0M | $752.0M | ||
| Q1 25 | $342.0M | $651.0M | ||
| Q4 24 | $674.0M | $558.0M | ||
| Q3 24 | $459.0M | $629.0M | ||
| Q2 24 | $-88.0M | $552.0M |
自由现金流AFGR
| Q1 26 | — | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率AFGR
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度AFGR
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率AFGR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.62× | 5.67× | ||
| Q3 25 | 1.00× | 3.20× | ||
| Q2 25 | 1.10× | 5.74× | ||
| Q1 25 | 2.22× | 6.64× | ||
| Q4 24 | 2.64× | 4.13× | ||
| Q3 24 | 2.54× | 4.43× | ||
| Q2 24 | -0.42× | 4.35× |
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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
