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Atmos Energy（ATO）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Atmos Energy的1.1倍（$1.5B vs $1.3B），Atmos Energy净利率更高（30.0% vs -3.1%，领先33.1%），Atmos Energy同比增速更快（14.2% vs -11.9%），RXO, Inc.自由现金流更多（$-9.0M vs $-725.3M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
ATO vs RXO — 直观对比
营收规模更大
RXO
是对方的1.1倍
$1.3B
营收增速更快
ATO
高出26.0%
-11.9%
净利率更高
ATO
高出33.1%
-3.1%
自由现金流更多
RXO
多$716.3M
$-725.3M
两年增速更快
RXO
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $403.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 38.3% | -2.9% |
| 净利率 | 30.0% | -3.1% |
| 营收同比 | 14.2% | -11.9% |
| 净利润同比 | 14.5% | -84.0% |
| 每股收益（稀释后） | $2.44 | $-0.28 |
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ATORXO
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $737.5M | $1.4B | ||
| Q2 25 | $838.8M | $1.4B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $657.9M | $1.0B | ||
| Q2 24 | $701.5M | $930.0M | ||
| Q1 24 | $1.6B | $913.0M |
净利润ATORXO
| Q4 25 | $403.0M | $-46.0M | ||
| Q3 25 | $174.9M | $-14.0M | ||
| Q2 25 | $186.4M | $-9.0M | ||
| Q1 25 | $485.6M | $-31.0M | ||
| Q4 24 | $351.9M | $-25.0M | ||
| Q3 24 | $134.0M | $-243.0M | ||
| Q2 24 | $165.6M | $-7.0M | ||
| Q1 24 | $432.0M | $-15.0M |
毛利率ATORXO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.0% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 62.1% | — |
营业利润率ATORXO
| Q4 25 | 38.3% | -2.9% | ||
| Q3 25 | 29.8% | -0.5% | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 32.2% | -2.1% | ||
| Q4 24 | 39.1% | -1.4% | ||
| Q3 24 | 28.1% | -1.9% | ||
| Q2 24 | 31.4% | — | ||
| Q1 24 | 33.4% | -1.3% |
净利率ATORXO
| Q4 25 | 30.0% | -3.1% | ||
| Q3 25 | 23.7% | -1.0% | ||
| Q2 25 | 22.2% | -0.6% | ||
| Q1 25 | 24.9% | -2.2% | ||
| Q4 24 | 29.9% | -1.5% | ||
| Q3 24 | 20.4% | -23.4% | ||
| Q2 24 | 23.6% | -0.8% | ||
| Q1 24 | 26.2% | -1.6% |
每股收益（稀释后）ATORXO
| Q4 25 | $2.44 | $-0.28 | ||
| Q3 25 | $1.04 | $-0.08 | ||
| Q2 25 | $1.16 | $-0.05 | ||
| Q1 25 | $3.03 | $-0.18 | ||
| Q4 24 | $2.23 | $-0.17 | ||
| Q3 24 | $0.82 | $-1.81 | ||
| Q2 24 | $1.08 | $-0.06 | ||
| Q1 24 | $2.85 | $-0.13 |
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 | $367.0M | $17.0M |
| 总债务越低越好 | $9.6B | $387.0M |
| 股东权益账面价值 | $14.3B | $1.5B |
| 总资产 | $29.8B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.67× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ATORXO
| Q4 25 | $367.0M | $17.0M | ||
| Q3 25 | $202.7M | $25.0M | ||
| Q2 25 | $709.4M | $18.0M | ||
| Q1 25 | $543.5M | $16.0M | ||
| Q4 24 | $584.5M | $35.0M | ||
| Q3 24 | $307.3M | $55.0M | ||
| Q2 24 | $674.6M | $7.0M | ||
| Q1 24 | $262.5M | $7.0M |
总债务ATORXO
| Q4 25 | $9.6B | $387.0M | ||
| Q3 25 | $8.9B | $387.0M | ||
| Q2 25 | $8.9B | $387.0M | ||
| Q1 25 | $8.4B | $387.0M | ||
| Q4 24 | $8.4B | $351.0M | ||
| Q3 24 | $7.8B | $352.0M | ||
| Q2 24 | $7.8B | $370.0M | ||
| Q1 24 | $7.4B | $351.0M |
股东权益ATORXO
| Q4 25 | $14.3B | $1.5B | ||
| Q3 25 | $13.6B | $1.6B | ||
| Q2 25 | $13.4B | $1.6B | ||
| Q1 25 | $13.1B | $1.6B | ||
| Q4 24 | $12.8B | $1.6B | ||
| Q3 24 | $12.2B | $1.7B | ||
| Q2 24 | $12.2B | $579.0M | ||
| Q1 24 | $11.6B | $582.0M |
总资产ATORXO
| Q4 25 | $29.8B | $3.3B | ||
| Q3 25 | $28.2B | $3.2B | ||
| Q2 25 | $27.7B | $3.2B | ||
| Q1 25 | $27.0B | $3.3B | ||
| Q4 24 | $26.5B | $3.4B | ||
| Q3 24 | $25.2B | $3.4B | ||
| Q2 24 | $24.9B | $1.8B | ||
| Q1 24 | $24.0B | $1.8B |
负债/权益比ATORXO
| Q4 25 | 0.67× | 0.25× | ||
| Q3 25 | 0.66× | 0.24× | ||
| Q2 25 | 0.67× | 0.24× | ||
| Q1 25 | 0.64× | 0.24× | ||
| Q4 24 | 0.66× | 0.22× | ||
| Q3 24 | 0.64× | 0.21× | ||
| Q2 24 | 0.64× | 0.64× | ||
| Q1 24 | 0.64× | 0.60× |
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 | $308.1M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $-9.0M |
| 自由现金流率自由现金流/营收 | -54.0% | -0.6% |
| 资本支出强度资本支出/营收 | 77.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.76× | — |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流ATORXO
| Q4 25 | $308.1M | $7.0M | ||
| Q3 25 | $348.1M | $23.0M | ||
| Q2 25 | $496.4M | $23.0M | ||
| Q1 25 | $922.9M | $-2.0M | ||
| Q4 24 | $282.0M | $-7.0M | ||
| Q3 24 | $330.7M | $-7.0M | ||
| Q2 24 | $411.2M | $-5.0M | ||
| Q1 24 | $746.6M | $7.0M |
自由现金流ATORXO
| Q4 25 | $-725.3M | $-9.0M | ||
| Q3 25 | $-615.5M | $9.0M | ||
| Q2 25 | $-370.6M | $9.0M | ||
| Q1 25 | $83.3M | $-17.0M | ||
| Q4 24 | $-609.2M | $-19.0M | ||
| Q3 24 | $-477.3M | $-18.0M | ||
| Q2 24 | $-302.4M | $-16.0M | ||
| Q1 24 | $100.7M | $-4.0M |
自由现金流率ATORXO
| Q4 25 | -54.0% | -0.6% | ||
| Q3 25 | -83.5% | 0.6% | ||
| Q2 25 | -44.2% | 0.6% | ||
| Q1 25 | 4.3% | -1.2% | ||
| Q4 24 | -51.8% | -1.1% | ||
| Q3 24 | -72.5% | -1.7% | ||
| Q2 24 | -43.1% | -1.7% | ||
| Q1 24 | 6.1% | -0.4% |
资本支出强度ATORXO
| Q4 25 | 77.0% | 1.1% | ||
| Q3 25 | 130.7% | 1.0% | ||
| Q2 25 | 103.4% | 1.0% | ||
| Q1 25 | 43.0% | 1.0% | ||
| Q4 24 | 75.8% | 0.7% | ||
| Q3 24 | 122.8% | 1.1% | ||
| Q2 24 | 101.7% | 1.2% | ||
| Q1 24 | 39.2% | 1.2% |
现金转化率ATORXO
| Q4 25 | 0.76× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 2.47× | — | ||
| Q2 24 | 2.48× | — | ||
| Q1 24 | 1.73× | — |
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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
