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美国运通（AXP）与雷神技术公司（RTX）财务数据对比。点击上方公司名可切换其他公司
雷神技术公司的季度营收约是美国运通的1.2倍（$22.1B vs $18.9B），美国运通净利率更高（15.7% vs 9.3%，领先6.4%），美国运通同比增速更快（11.4% vs 8.7%），过去两年美国运通的营收复合增速更高（38.8% vs 5.8%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
RTX公司原名为雷神技术公司，是总部位于美国弗吉尼亚州阿灵顿的跨国航空航天与防务集团。按营收和市值计算，它是全球规模最大的航空航天及防务制造商之一，同时也是知名情报服务提供商，2023年位列福布斯全球2000强第79位。
AXP vs RTX — 直观对比
营收规模更大
RTX
是对方的1.2倍
$18.9B
营收增速更快
AXP
高出2.7%
8.7%
净利率更高
AXP
高出6.4%
9.3%
两年增速更快
AXP
近两年复合增速
5.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $22.1B |
| 净利润 | $3.0B | $2.1B |
| 毛利率 | — | 20.8% |
| 营业利润率 | — | 5.9% |
| 净利率 | 15.7% | 9.3% |
| 营收同比 | 11.4% | 8.7% |
| 净利润同比 | 15.0% | 34.1% |
| 每股收益（稀释后） | $4.28 | $1.51 |
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AXPRTX
| Q1 26 | $18.9B | $22.1B | ||
| Q4 25 | $10.9B | $24.2B | ||
| Q3 25 | $10.4B | $22.5B | ||
| Q2 25 | $10.3B | $21.6B | ||
| Q1 25 | $9.6B | $20.3B | ||
| Q4 24 | $10.0B | $21.6B | ||
| Q3 24 | $9.7B | $20.1B | ||
| Q2 24 | $9.8B | $19.7B |
净利润AXPRTX
| Q1 26 | $3.0B | $2.1B | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $3.0B | $111.0M |
毛利率AXPRTX
| Q1 26 | — | 20.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率AXPRTX
| Q1 26 | — | 5.9% | ||
| Q4 25 | 28.2% | 10.7% | ||
| Q3 25 | 36.7% | 11.2% | ||
| Q2 25 | 34.4% | 9.9% | ||
| Q1 25 | 34.6% | 10.0% | ||
| Q4 24 | 27.7% | 9.8% | ||
| Q3 24 | 33.0% | 10.1% | ||
| Q2 24 | 38.6% | 2.7% |
净利率AXPRTX
| Q1 26 | 15.7% | 9.3% | ||
| Q4 25 | 22.5% | 6.7% | ||
| Q3 25 | 27.9% | 8.5% | ||
| Q2 25 | 28.0% | 7.7% | ||
| Q1 25 | 26.8% | 7.6% | ||
| Q4 24 | 21.8% | 6.9% | ||
| Q3 24 | 25.8% | 7.3% | ||
| Q2 24 | 30.7% | 0.6% |
每股收益（稀释后）AXPRTX
| Q1 26 | $4.28 | $1.51 | ||
| Q4 25 | $3.52 | $1.19 | ||
| Q3 25 | $4.14 | $1.41 | ||
| Q2 25 | $4.08 | $1.22 | ||
| Q1 25 | $3.64 | $1.14 | ||
| Q4 24 | $3.04 | $1.10 | ||
| Q3 24 | $3.49 | $1.09 | ||
| Q2 24 | $4.15 | $0.08 |
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 | — | $6.8B |
| 总债务越低越好 | $60.4M | $33.2B |
| 股东权益账面价值 | $34.0M | $68.0B |
| 总资产 | $308.9M | $170.4B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资AXPRTX
| Q1 26 | — | $6.8B | ||
| Q4 25 | $742.0M | $8.2B | ||
| Q3 25 | $1.3B | $6.7B | ||
| Q2 25 | $197.0M | $5.5B | ||
| Q1 25 | $261.0M | $5.8B | ||
| Q4 24 | $221.0M | $6.4B | ||
| Q3 24 | $120.0M | $7.4B | ||
| Q2 24 | $188.0M | $6.7B |
总债务AXPRTX
| Q1 26 | $60.4M | $33.2B | ||
| Q4 25 | $56.4B | $34.3B | ||
| Q3 25 | $57.8B | $38.3B | ||
| Q2 25 | $58.2B | $38.3B | ||
| Q1 25 | $51.2B | $38.2B | ||
| Q4 24 | $49.7B | $38.7B | ||
| Q3 24 | $53.5B | $38.8B | ||
| Q2 24 | $51.5B | $40.3B |
股东权益AXPRTX
| Q1 26 | $34.0M | $68.0B | ||
| Q4 25 | $33.5B | $65.2B | ||
| Q3 25 | $32.4B | $64.5B | ||
| Q2 25 | $32.3B | $62.4B | ||
| Q1 25 | $31.2B | $61.5B | ||
| Q4 24 | $30.3B | $60.2B | ||
| Q3 24 | $29.7B | $61.1B | ||
| Q2 24 | $29.5B | $59.0B |
总资产AXPRTX
| Q1 26 | $308.9M | $170.4B | ||
| Q4 25 | $300.1B | $171.1B | ||
| Q3 25 | $297.6B | $168.7B | ||
| Q2 25 | $295.6B | $167.1B | ||
| Q1 25 | $282.2B | $164.9B | ||
| Q4 24 | $271.5B | $162.9B | ||
| Q3 24 | $271.0B | $164.8B | ||
| Q2 24 | $272.2B | $161.2B |
负债/权益比AXPRTX
| Q1 26 | 1.78× | 0.49× | ||
| Q4 25 | 1.68× | 0.53× | ||
| Q3 25 | 1.78× | 0.59× | ||
| Q2 25 | 1.80× | 0.61× | ||
| Q1 25 | 1.64× | 0.62× | ||
| Q4 24 | 1.64× | 0.64× | ||
| Q3 24 | 1.80× | 0.64× | ||
| Q2 24 | 1.74× | 0.68× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $1.3B |
| 自由现金流率自由现金流/营收 | — | 5.9% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 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 | — | $8.5B |
8季度趋势，按日历期对齐
经营现金流AXPRTX
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $4.2B | ||
| Q3 25 | $6.2B | $4.6B | ||
| Q2 25 | $4.4B | $458.0M | ||
| Q1 25 | $4.8B | $1.3B | ||
| Q4 24 | $5.8B | $1.6B | ||
| Q3 24 | $-1.8B | $2.5B | ||
| Q2 24 | $4.5B | $2.7B |
自由现金流AXPRTX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $5.6B | $4.0B | ||
| Q2 25 | $3.7B | $-72.0M | ||
| Q1 25 | $4.3B | $792.0M | ||
| Q4 24 | $5.3B | $492.0M | ||
| Q3 24 | $-2.3B | $2.0B | ||
| Q2 24 | $4.0B | $2.2B |
自由现金流率AXPRTX
| Q1 26 | — | 5.9% | ||
| Q4 25 | 21.4% | 13.2% | ||
| Q3 25 | 53.6% | 17.9% | ||
| Q2 25 | 36.3% | -0.3% | ||
| Q1 25 | 45.0% | 3.9% | ||
| Q4 24 | 53.1% | 2.3% | ||
| Q3 24 | -23.3% | 9.8% | ||
| Q2 24 | 40.4% | 11.1% |
资本支出强度AXPRTX
| Q1 26 | — | 2.5% | ||
| Q4 25 | 6.6% | 4.0% | ||
| Q3 25 | 6.3% | 2.7% | ||
| Q2 25 | 6.0% | 2.5% | ||
| Q1 25 | 4.5% | 2.5% | ||
| Q4 24 | 5.0% | 4.9% | ||
| Q3 24 | 4.7% | 2.7% | ||
| Q2 24 | 5.8% | 2.7% |
现金转化率AXPRTX
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 2.57× | ||
| Q3 25 | 2.15× | 2.42× | ||
| Q2 25 | 1.51× | 0.28× | ||
| Q1 25 | 1.84× | 0.85× | ||
| Q4 24 | 2.66× | 1.05× | ||
| Q3 24 | -0.72× | 1.71× | ||
| Q2 24 | 1.50× | 24.62× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
