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ARCBEST CORP(ARCB)与WERNER ENTERPRISES INC(WERN)财务数据对比。点击上方公司名可切换其他公司
ARCBEST CORP的季度营收约是WERNER ENTERPRISES INC的1.4倍($972.7M vs $719.9M)。ARCBEST CORP净利率更高(-0.8% vs -3.9%,领先3.0%)。WERNER ENTERPRISES INC同比增速更快(-2.3% vs -2.9%)。ARCBEST CORP自由现金流更多($36.9M vs $-23.5M)。过去两年WERNER ENTERPRISES INC的营收复合增速更高(-2.0% vs -3.1%)
ArcBest是美国头部物流与运输解决方案提供商,提供零担货运、整车运输、仓储、加急配送及定制化物流咨询等全链路供应链服务,覆盖北美及全球部分市场,服务对象包含企业、小型商家及公共部门客户。
沃纳企业是美国知名运输物流服务商,业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元,旗下员工及签约承包商总规模超1.4万人,在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
ARCB vs WERN — 直观对比
营收规模更大
ARCB
是对方的1.4倍
$719.9M
营收增速更快
WERN
高出0.6%
-2.9%
净利率更高
ARCB
高出3.0%
-3.9%
自由现金流更多
ARCB
多$60.4M
$-23.5M
两年增速更快
WERN
近两年复合增速
-3.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | ||
|---|---|---|
| 营收 | $972.7M | $719.9M |
| 净利润 | $-8.1M | $-27.8M |
| 毛利率 | — | — |
| 营业利润率 | -0.8% | -5.0% |
| 净利率 | -0.8% | -3.9% |
| 营收同比 | -2.9% | -2.3% |
| 净利润同比 | -128.0% | -333.7% |
| 每股收益(稀释后) | $-0.35 | $-0.46 |
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
ARCB
WERN
| Q4 25 | $972.7M | $719.9M | ||
| Q3 25 | $1.0B | $752.2M | ||
| Q2 25 | $1.0B | $734.1M | ||
| Q1 25 | $967.1M | $693.4M | ||
| Q4 24 | $1.0B | $736.6M | ||
| Q3 24 | $1.1B | $726.3M | ||
| Q2 24 | $1.1B | $742.7M | ||
| Q1 24 | $1.0B | $749.5M |
净利润
ARCB
WERN
| Q4 25 | $-8.1M | $-27.8M | ||
| Q3 25 | $39.3M | $-20.6M | ||
| Q2 25 | $25.8M | $44.1M | ||
| Q1 25 | $3.1M | $-10.1M | ||
| Q4 24 | $29.0M | $11.9M | ||
| Q3 24 | $100.3M | $6.6M | ||
| Q2 24 | $46.9M | $9.5M | ||
| Q1 24 | $-2.3M | $6.3M |
营业利润率
ARCB
WERN
| Q4 25 | -0.8% | -5.0% | ||
| Q3 25 | 5.2% | -1.7% | ||
| Q2 25 | 3.6% | 9.0% | ||
| Q1 25 | 0.7% | -0.8% | ||
| Q4 24 | 3.8% | 1.8% | ||
| Q3 24 | 12.7% | 2.4% | ||
| Q2 24 | 4.5% | 2.6% | ||
| Q1 24 | 2.2% | 2.1% |
净利率
ARCB
WERN
| Q4 25 | -0.8% | -3.9% | ||
| Q3 25 | 3.7% | -2.7% | ||
| Q2 25 | 2.5% | 6.0% | ||
| Q1 25 | 0.3% | -1.5% | ||
| Q4 24 | 2.9% | 1.6% | ||
| Q3 24 | 9.4% | 0.9% | ||
| Q2 24 | 4.4% | 1.3% | ||
| Q1 24 | -0.2% | 0.8% |
每股收益(稀释后)
ARCB
WERN
| Q4 25 | $-0.35 | $-0.46 | ||
| Q3 25 | $1.72 | $-0.34 | ||
| Q2 25 | $1.12 | $0.72 | ||
| Q1 25 | $0.13 | $-0.16 | ||
| Q4 24 | $1.21 | $0.19 | ||
| Q3 24 | $4.23 | $0.11 | ||
| Q2 24 | $1.96 | $0.15 | ||
| Q1 24 | $-0.10 | $0.10 |
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 | $124.2M | $59.9M |
| 总债务越低越好 | — | $752.0M |
| 股东权益账面价值 | $1.3B | $1.4B |
| 总资产 | $2.5B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势,按日历期对齐
现金及短期投资
ARCB
WERN
| Q4 25 | $124.2M | $59.9M | ||
| Q3 25 | $132.6M | $51.0M | ||
| Q2 25 | $139.7M | $51.4M | ||
| Q1 25 | $98.7M | $52.0M | ||
| Q4 24 | $157.2M | $40.8M | ||
| Q3 24 | $191.1M | $54.7M | ||
| Q2 24 | $260.5M | $70.4M | ||
| Q1 24 | $240.9M | $60.3M |
总债务
ARCB
WERN
| Q4 25 | — | $752.0M | ||
| Q3 25 | $214.1M | $725.0M | ||
| Q2 25 | $241.4M | $725.0M | ||
| Q1 25 | $214.2M | $640.0M | ||
| Q4 24 | $189.1M | $650.0M | ||
| Q3 24 | $180.5M | $690.0M | ||
| Q2 24 | $203.6M | $670.0M | ||
| Q1 24 | $212.2M | $597.5M |
股东权益
ARCB
WERN
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
总资产
ARCB
WERN
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.5B | $3.0B | ||
| Q2 25 | $2.5B | $2.9B | ||
| Q1 25 | $2.4B | $3.0B | ||
| Q4 24 | $2.4B | $3.1B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | $2.4B | $3.1B |
负债/权益比
ARCB
WERN
| Q4 25 | — | 0.55× | ||
| Q3 25 | 0.16× | 0.52× | ||
| Q2 25 | 0.19× | 0.51× | ||
| Q1 25 | 0.17× | 0.45× | ||
| Q4 24 | 0.14× | 0.45× | ||
| Q3 24 | 0.14× | 0.48× | ||
| Q2 24 | 0.17× | 0.46× | ||
| Q1 24 | 0.17× | 0.39× |
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 | $44.7M | $62.3M |
| 自由现金流经营现金流 - 资本支出 | $36.9M | $-23.5M |
| 自由现金流率自由现金流/营收 | 3.8% | -3.3% |
| 资本支出强度资本支出/营收 | 0.8% | 11.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $114.2M | $-68.5M |
8季度趋势,按日历期对齐
经营现金流
ARCB
WERN
| Q4 25 | $44.7M | $62.3M | ||
| Q3 25 | $98.2M | $44.1M | ||
| Q2 25 | $108.4M | $46.0M | ||
| Q1 25 | $-22.3M | $29.4M | ||
| Q4 24 | $56.8M | $71.0M | ||
| Q3 24 | $88.8M | $61.0M | ||
| Q2 24 | $133.7M | $109.1M | ||
| Q1 24 | $6.5M | $88.6M |
自由现金流
ARCB
WERN
| Q4 25 | $36.9M | $-23.5M | ||
| Q3 25 | $33.2M | $-8.6M | ||
| Q2 25 | $80.9M | $-42.3M | ||
| Q1 25 | $-36.8M | $5.9M | ||
| Q4 24 | $3.5M | $-9.8M | ||
| Q3 24 | $23.9M | $-73.4M | ||
| Q2 24 | $83.9M | $-31.2M | ||
| Q1 24 | $-48.6M | $30.4M |
自由现金流率
ARCB
WERN
| Q4 25 | 3.8% | -3.3% | ||
| Q3 25 | 3.2% | -1.1% | ||
| Q2 25 | 7.9% | -5.8% | ||
| Q1 25 | -3.8% | 0.8% | ||
| Q4 24 | 0.4% | -1.3% | ||
| Q3 24 | 2.2% | -10.1% | ||
| Q2 24 | 7.8% | -4.2% | ||
| Q1 24 | -4.7% | 4.0% |
资本支出强度
ARCB
WERN
| Q4 25 | 0.8% | 11.9% | ||
| Q3 25 | 6.2% | 7.0% | ||
| Q2 25 | 2.7% | 12.0% | ||
| Q1 25 | 1.5% | 3.4% | ||
| Q4 24 | 5.3% | 11.0% | ||
| Q3 24 | 6.1% | 18.5% | ||
| Q2 24 | 4.6% | 18.9% | ||
| Q1 24 | 5.3% | 7.8% |
现金转化率
ARCB
WERN
| Q4 25 | — | — | ||
| Q3 25 | 2.50× | — | ||
| Q2 25 | 4.20× | 1.04× | ||
| Q1 25 | -7.13× | — | ||
| Q4 24 | 1.96× | 5.97× | ||
| Q3 24 | 0.89× | 9.30× | ||
| Q2 24 | 2.85× | 11.52× | ||
| Q1 24 | — | 14.03× |
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
ARCB
| Asset Based Segment | $648.8M | 67% |
| Asset Light Segment | $353.5M | 36% |
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |