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阿波罗全球管理（APO）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
阿波罗全球管理的季度营收约是RYDER SYSTEM INC的3.2倍（$9.9B vs $3.1B），阿波罗全球管理净利率更高（6.9% vs 3.0%，领先4.0%），阿波罗全球管理同比增速更快（86.7% vs 1.0%），过去两年阿波罗全球管理的营收复合增速更高（18.4% vs -0.9%）
阿波罗全球管理是美国头部另类资产管理机构，截至2025年总资产管理规模达8400亿美元，业务涵盖3920亿美元的信贷类资产（含夹层资本、对冲基金、不良贷款、担保贷款凭证等）、990亿美元私募股权，以及462亿美元的地产、基建等实体资产，为全球客户提供专业资产管理服务。
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。
APO vs R — 直观对比
营收规模更大
APO
是对方的3.2倍
$3.1B
营收增速更快
APO
高出85.7%
1.0%
净利率更高
APO
高出4.0%
3.0%
两年增速更快
APO
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.9B | $3.1B |
| 净利润 | $684.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.8% | — |
| 净利率 | 6.9% | 3.0% |
| 营收同比 | 86.7% | 1.0% |
| 净利润同比 | -54.0% | -5.1% |
| 每股收益（稀释后） | $1.09 | $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APOR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $9.9B | $3.2B | ||
| Q3 25 | $9.8B | $3.2B | ||
| Q2 25 | $6.8B | $3.2B | ||
| Q1 25 | $5.5B | $3.1B | ||
| Q4 24 | $5.3B | $3.2B | ||
| Q3 24 | $7.8B | $3.2B | ||
| Q2 24 | $6.0B | $3.2B |
净利润APOR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $684.0M | $132.0M | ||
| Q3 25 | $1.7B | $138.0M | ||
| Q2 25 | $630.0M | $131.0M | ||
| Q1 25 | $442.0M | $98.0M | ||
| Q4 24 | $1.5B | $135.0M | ||
| Q3 24 | $811.0M | $142.0M | ||
| Q2 24 | $853.0M | $127.0M |
营业利润率APOR
| Q1 26 | — | — | ||
| Q4 25 | 17.8% | 5.6% | ||
| Q3 25 | 29.5% | 6.0% | ||
| Q2 25 | 12.4% | 5.8% | ||
| Q1 25 | 21.3% | 4.3% | ||
| Q4 24 | 32.6% | 5.7% | ||
| Q3 24 | 26.8% | 5.9% | ||
| Q2 24 | 23.9% | 5.6% |
净利率APOR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 6.9% | 4.2% | ||
| Q3 25 | 17.7% | 4.4% | ||
| Q2 25 | 9.2% | 4.1% | ||
| Q1 25 | 8.0% | 3.1% | ||
| Q4 24 | 28.1% | 4.2% | ||
| Q3 24 | 10.4% | 4.5% | ||
| Q2 24 | 14.2% | 4.0% |
每股收益（稀释后）APOR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.09 | $3.22 | ||
| Q3 25 | $2.78 | $3.32 | ||
| Q2 25 | $0.99 | $3.13 | ||
| Q1 25 | $0.68 | $2.27 | ||
| Q4 24 | $2.41 | $3.09 | ||
| Q3 24 | $1.29 | $3.24 | ||
| Q2 24 | $1.35 | $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 | — | $182.0M |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | $23.3B | $2.9B |
| 总资产 | $460.9B | — |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资APOR
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $164.0M |
总债务APOR
| Q1 26 | — | — | ||
| Q4 25 | $13.4B | $6.8B | ||
| Q3 25 | $12.6B | $7.3B | ||
| Q2 25 | $12.1B | $7.0B | ||
| Q1 25 | $10.6B | $6.7B | ||
| Q4 24 | $10.6B | $6.7B | ||
| Q3 24 | $9.8B | $6.6B | ||
| Q2 24 | $9.8B | $6.5B |
股东权益APOR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $23.3B | $3.1B | ||
| Q3 25 | $23.1B | $3.1B | ||
| Q2 25 | $19.3B | $3.1B | ||
| Q1 25 | $18.0B | $3.0B | ||
| Q4 24 | $17.3B | $3.1B | ||
| Q3 24 | $17.9B | $3.1B | ||
| Q2 24 | $15.3B | $3.1B |
总资产APOR
| Q1 26 | — | — | ||
| Q4 25 | $460.9B | $16.4B | ||
| Q3 25 | $449.5B | $16.5B | ||
| Q2 25 | $419.6B | $16.5B | ||
| Q1 25 | $395.0B | $16.4B | ||
| Q4 24 | $377.9B | $16.7B | ||
| Q3 24 | $368.7B | $16.5B | ||
| Q2 24 | $346.5B | $16.4B |
负债/权益比APOR
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | 2.24× | ||
| Q3 25 | 0.55× | 2.35× | ||
| Q2 25 | 0.63× | 2.27× | ||
| Q1 25 | 0.59× | 2.21× | ||
| Q4 24 | 0.61× | 2.14× | ||
| Q3 24 | 0.55× | 2.17× | ||
| Q2 24 | 0.64× | 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 | $4.7B | $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 | 6.83× | 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APOR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $4.7B | $749.0M | ||
| Q3 25 | $303.0M | $442.0M | ||
| Q2 25 | $1.3B | $752.0M | ||
| Q1 25 | $1.0B | $651.0M | ||
| Q4 24 | $-4.0M | $558.0M | ||
| Q3 24 | $1.9B | $629.0M | ||
| Q2 24 | $1.3B | $552.0M |
自由现金流APOR
| 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APOR
| 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APOR
| 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APOR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 6.83× | 5.67× | ||
| Q3 25 | 0.17× | 3.20× | ||
| Q2 25 | 2.00× | 5.74× | ||
| Q1 25 | 2.29× | 6.64× | ||
| Q4 24 | -0.00× | 4.13× | ||
| Q3 24 | 2.29× | 4.43× | ||
| Q2 24 | 1.56× | 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
APO
| Retirement Services Segment | $8.5B | 86% |
| Asset Management1 | $681.0M | 7% |
| Principal Investing Segment | $624.0M | 6% |
| Management Service Incentive | $96.0M | 1% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
