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博通（AVGO）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
博通的季度营收约是RYDER SYSTEM INC的5.8倍（$18.0B vs $3.1B），博通净利率更高（47.3% vs 3.0%，领先44.3%），博通同比增速更快（28.2% vs 1.0%），博通自由现金流更多（$7.5B vs $273.0M），过去两年博通的营收复合增速更高（22.7% vs -0.9%）
博通公司是美国跨国企业，主营各类半导体与基础设施软件产品的设计、研发、生产及全球供应，产品广泛服务于数据中心、网络、软件、宽带、无线、存储及工业领域。借AI发展热潮，2025年博通已跻身全球顶级企业行列，为“七巨头”科技阵营成员。
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。
AVGO vs R — 直观对比
营收规模更大
AVGO
是对方的5.8倍
$3.1B
营收增速更快
AVGO
高出27.2%
1.0%
净利率更高
AVGO
高出44.3%
3.0%
自由现金流更多
AVGO
多$7.2B
$273.0M
两年增速更快
AVGO
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.0B | $3.1B |
| 净利润 | $8.5B | $93.0M |
| 毛利率 | 68.0% | — |
| 营业利润率 | 41.7% | — |
| 净利率 | 47.3% | 3.0% |
| 营收同比 | 28.2% | 1.0% |
| 净利润同比 | 97.0% | -5.1% |
| 每股收益（稀释后） | $1.75 | $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AVGOR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $18.0B | $3.2B | ||
| Q3 25 | $16.0B | $3.2B | ||
| Q2 25 | $15.0B | $3.2B | ||
| Q1 25 | $14.9B | $3.1B | ||
| Q4 24 | $14.1B | $3.2B | ||
| Q3 24 | $13.1B | $3.2B | ||
| Q2 24 | $12.5B | $3.2B |
净利润AVGOR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $8.5B | $132.0M | ||
| Q3 25 | $4.1B | $138.0M | ||
| Q2 25 | $5.0B | $131.0M | ||
| Q1 25 | $5.5B | $98.0M | ||
| Q4 24 | $4.3B | $135.0M | ||
| Q3 24 | $-1.9B | $142.0M | ||
| Q2 24 | $2.1B | $127.0M |
毛利率AVGOR
| Q1 26 | — | — | ||
| Q4 25 | 68.0% | — | ||
| Q3 25 | 67.1% | — | ||
| Q2 25 | 68.0% | — | ||
| Q1 25 | 68.0% | — | ||
| Q4 24 | 64.1% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 62.3% | — |
营业利润率AVGOR
| Q1 26 | — | — | ||
| Q4 25 | 41.7% | 5.6% | ||
| Q3 25 | 36.9% | 6.0% | ||
| Q2 25 | 38.8% | 5.8% | ||
| Q1 25 | 42.0% | 4.3% | ||
| Q4 24 | 32.9% | 5.7% | ||
| Q3 24 | 29.0% | 5.9% | ||
| Q2 24 | 23.7% | 5.6% |
净利率AVGOR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 47.3% | 4.2% | ||
| Q3 25 | 26.0% | 4.4% | ||
| Q2 25 | 33.1% | 4.1% | ||
| Q1 25 | 36.9% | 3.1% | ||
| Q4 24 | 30.8% | 4.2% | ||
| Q3 24 | -14.3% | 4.5% | ||
| Q2 24 | 17.0% | 4.0% |
每股收益（稀释后）AVGOR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.75 | $3.22 | ||
| Q3 25 | $0.85 | $3.32 | ||
| Q2 25 | $1.03 | $3.13 | ||
| Q1 25 | $1.14 | $2.27 | ||
| Q4 24 | $-5.63 | $3.09 | ||
| Q3 24 | $-0.40 | $3.24 | ||
| Q2 24 | $4.42 | $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 | $16.2B | $182.0M |
| 总债务越低越好 | $62.0B | — |
| 股东权益账面价值 | $81.3B | $2.9B |
| 总资产 | $171.1B | — |
| 负债/权益比越低杠杆越低 | 0.76× | — |
8季度趋势，按日历期对齐
现金及短期投资AVGOR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $16.2B | $198.0M | ||
| Q3 25 | $10.7B | $189.0M | ||
| Q2 25 | $9.5B | $180.0M | ||
| Q1 25 | $9.3B | $151.0M | ||
| Q4 24 | $9.3B | $154.0M | ||
| Q3 24 | $10.0B | $162.0M | ||
| Q2 24 | $9.8B | $164.0M |
总债务AVGOR
| Q1 26 | — | — | ||
| Q4 25 | $62.0B | $6.8B | ||
| Q3 25 | $62.8B | $7.3B | ||
| Q2 25 | $61.8B | $7.0B | ||
| Q1 25 | $60.9B | $6.7B | ||
| Q4 24 | $66.3B | $6.7B | ||
| Q3 24 | $66.8B | $6.6B | ||
| Q2 24 | $71.6B | $6.5B |
股东权益AVGOR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $81.3B | $3.1B | ||
| Q3 25 | $73.3B | $3.1B | ||
| Q2 25 | $69.6B | $3.1B | ||
| Q1 25 | $69.8B | $3.0B | ||
| Q4 24 | $67.7B | $3.1B | ||
| Q3 24 | $65.7B | $3.1B | ||
| Q2 24 | $70.0B | $3.1B |
总资产AVGOR
| Q1 26 | — | — | ||
| Q4 25 | $171.1B | $16.4B | ||
| Q3 25 | $165.6B | $16.5B | ||
| Q2 25 | $164.6B | $16.5B | ||
| Q1 25 | $165.4B | $16.4B | ||
| Q4 24 | $165.6B | $16.7B | ||
| Q3 24 | $168.0B | $16.5B | ||
| Q2 24 | $175.2B | $16.4B |
负债/权益比AVGOR
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 2.24× | ||
| Q3 25 | 0.86× | 2.35× | ||
| Q2 25 | 0.89× | 2.27× | ||
| Q1 25 | 0.87× | 2.21× | ||
| Q4 24 | 0.98× | 2.14× | ||
| Q3 24 | 1.02× | 2.17× | ||
| Q2 24 | 1.02× | 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 | $7.7B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $7.5B | $273.0M |
| 自由现金流率自由现金流/营收 | 41.4% | 8.7% |
| 资本支出强度资本支出/营收 | 1.3% | 13.7% |
| 现金转化率经营现金流/净利润 | 0.90× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $26.9B | $595.0M |
8季度趋势，按日历期对齐
经营现金流AVGOR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $7.7B | $749.0M | ||
| Q3 25 | $7.2B | $442.0M | ||
| Q2 25 | $6.6B | $752.0M | ||
| Q1 25 | $6.1B | $651.0M | ||
| Q4 24 | $5.6B | $558.0M | ||
| Q3 24 | $5.0B | $629.0M | ||
| Q2 24 | $4.6B | $552.0M |
自由现金流AVGOR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $7.5B | $344.0M | ||
| Q3 25 | $7.0B | $-85.0M | ||
| Q2 25 | $6.4B | $63.0M | ||
| Q1 25 | $6.0B | $137.0M | ||
| Q4 24 | $5.5B | $-201.0M | ||
| Q3 24 | $4.8B | $30.0M | ||
| Q2 24 | $4.4B | $-87.0M |
自由现金流率AVGOR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 41.4% | 10.8% | ||
| Q3 25 | 44.0% | -2.7% | ||
| Q2 25 | 42.7% | 2.0% | ||
| Q1 25 | 40.3% | 4.4% | ||
| Q4 24 | 39.0% | -6.3% | ||
| Q3 24 | 36.7% | 0.9% | ||
| Q2 24 | 35.6% | -2.7% |
资本支出强度AVGOR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 1.3% | 12.8% | ||
| Q3 25 | 0.9% | 16.6% | ||
| Q2 25 | 1.0% | 21.6% | ||
| Q1 25 | 0.7% | 16.4% | ||
| Q4 24 | 0.9% | 23.8% | ||
| Q3 24 | 1.3% | 18.9% | ||
| Q2 24 | 1.1% | 20.1% |
现金转化率AVGOR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 0.90× | 5.67× | ||
| Q3 25 | 1.73× | 3.20× | ||
| Q2 25 | 1.32× | 5.74× | ||
| Q1 25 | 1.11× | 6.64× | ||
| Q4 24 | 1.30× | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | 2.16× | 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
AVGO
| Semiconductor Solutions | $11.1B | 61% |
| Infrastructure Software | $6.9B | 39% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
