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博思艾伦汉密尔顿（BAH）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
RYDER SYSTEM INC的季度营收约是博思艾伦汉密尔顿的1.2倍（$3.1B vs $2.6B），博思艾伦汉密尔顿净利率更高（7.6% vs 3.0%，领先4.7%），RYDER SYSTEM INC同比增速更快（1.0% vs -10.2%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $248.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -2.8%）
博思艾伦汉密尔顿控股集团是美国知名专业服务企业，深耕数字化转型与人工智能领域，为公共部门、私营机构及非营利组织提供咨询、分析与工程服务，总部位于弗吉尼亚州麦克莱恩，属华盛顿大都会区，在全球另设有80个办事处。
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。
BAH vs R — 直观对比
营收规模更大
R
是对方的1.2倍
$2.6B
营收增速更快
R
高出11.2%
-10.2%
净利率更高
BAH
高出4.7%
3.0%
自由现金流更多
R
多$25.0M
$248.0M
两年增速更快
R
近两年复合增速
-2.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $3.1B |
| 净利润 | $200.0M | $93.0M |
| 毛利率 | 51.9% | — |
| 营业利润率 | 8.8% | — |
| 净利率 | 7.6% | 3.0% |
| 营收同比 | -10.2% | 1.0% |
| 净利润同比 | 7.0% | -5.1% |
| 每股收益（稀释后） | $1.63 | $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BAHR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.6B | $3.2B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $2.9B | $3.2B | ||
| Q3 24 | $3.1B | $3.2B | ||
| Q2 24 | $2.9B | $3.2B |
净利润BAHR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $200.0M | $132.0M | ||
| Q3 25 | $175.0M | $138.0M | ||
| Q2 25 | $271.0M | $131.0M | ||
| Q1 25 | $192.7M | $98.0M | ||
| Q4 24 | $186.9M | $135.0M | ||
| Q3 24 | $390.1M | $142.0M | ||
| Q2 24 | $165.2M | $127.0M |
毛利率BAHR
| Q1 26 | — | — | ||
| Q4 25 | 51.9% | — | ||
| Q3 25 | 53.6% | — | ||
| Q2 25 | 51.3% | — | ||
| Q1 25 | 53.6% | — | ||
| Q4 24 | 55.2% | — | ||
| Q3 24 | 56.7% | — | ||
| Q2 24 | 53.4% | — |
营业利润率BAHR
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 5.6% | ||
| Q3 25 | 9.8% | 6.0% | ||
| Q2 25 | 8.8% | 5.8% | ||
| Q1 25 | 9.2% | 4.3% | ||
| Q4 24 | 10.0% | 5.7% | ||
| Q3 24 | 17.4% | 5.9% | ||
| Q2 24 | 8.7% | 5.6% |
净利率BAHR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 7.6% | 4.2% | ||
| Q3 25 | 6.1% | 4.4% | ||
| Q2 25 | 9.3% | 4.1% | ||
| Q1 25 | 6.5% | 3.1% | ||
| Q4 24 | 6.4% | 4.2% | ||
| Q3 24 | 12.4% | 4.5% | ||
| Q2 24 | 5.6% | 4.0% |
每股收益（稀释后）BAHR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.63 | $3.22 | ||
| Q3 25 | $1.42 | $3.32 | ||
| Q2 25 | $2.16 | $3.13 | ||
| Q1 25 | $1.52 | $2.27 | ||
| Q4 24 | $1.45 | $3.09 | ||
| Q3 24 | $3.01 | $3.24 | ||
| Q2 24 | $1.27 | $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 | $882.0M | $182.0M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $1.0B | $2.9B |
| 总资产 | $7.1B | — |
| 负债/权益比越低杠杆越低 | 3.84× | — |
8季度趋势，按日历期对齐
现金及短期投资BAHR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $882.0M | $198.0M | ||
| Q3 25 | $816.0M | $189.0M | ||
| Q2 25 | $711.0M | $180.0M | ||
| Q1 25 | $885.0M | $151.0M | ||
| Q4 24 | $453.5M | $154.0M | ||
| Q3 24 | $558.7M | $162.0M | ||
| Q2 24 | $297.7M | $164.0M |
总债务BAHR
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $6.8B | ||
| Q3 25 | $4.0B | $7.3B | ||
| Q2 25 | $4.0B | $7.0B | ||
| Q1 25 | $4.0B | $6.7B | ||
| Q4 24 | $3.4B | $6.7B | ||
| Q3 24 | $3.4B | $6.6B | ||
| Q2 24 | $3.4B | $6.5B |
股东权益BAHR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.0B | $3.1B | ||
| Q3 25 | $996.0M | $3.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.0B | $3.0B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.1B | $3.1B |
总资产BAHR
| Q1 26 | — | — | ||
| Q4 25 | $7.1B | $16.4B | ||
| Q3 25 | $7.2B | $16.5B | ||
| Q2 25 | $7.2B | $16.5B | ||
| Q1 25 | $7.3B | $16.4B | ||
| Q4 24 | $6.8B | $16.7B | ||
| Q3 24 | $6.9B | $16.5B | ||
| Q2 24 | $6.6B | $16.4B |
负债/权益比BAHR
| Q1 26 | — | — | ||
| Q4 25 | 3.84× | 2.24× | ||
| Q3 25 | 3.98× | 2.35× | ||
| Q2 25 | 3.74× | 2.27× | ||
| Q1 25 | 3.99× | 2.21× | ||
| Q4 24 | 2.79× | 2.14× | ||
| Q3 24 | 2.83× | 2.17× | ||
| Q2 24 | 3.14× | 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 | $261.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $248.0M | $273.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 8.7% |
| 资本支出强度资本支出/营收 | 0.5% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.30× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $933.4M | $595.0M |
8季度趋势，按日历期对齐
经营现金流BAHR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $261.0M | $749.0M | ||
| Q3 25 | $421.0M | $442.0M | ||
| Q2 25 | $119.0M | $752.0M | ||
| Q1 25 | $219.0M | $651.0M | ||
| Q4 24 | $150.8M | $558.0M | ||
| Q3 24 | $587.1M | $629.0M | ||
| Q2 24 | $52.1M | $552.0M |
自由现金流BAHR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $248.0M | $344.0M | ||
| Q3 25 | $395.0M | $-85.0M | ||
| Q2 25 | $96.0M | $63.0M | ||
| Q1 25 | $194.4M | $137.0M | ||
| Q4 24 | $133.6M | $-201.0M | ||
| Q3 24 | $563.3M | $30.0M | ||
| Q2 24 | $19.7M | $-87.0M |
自由现金流率BAHR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 9.5% | 10.8% | ||
| Q3 25 | 13.7% | -2.7% | ||
| Q2 25 | 3.3% | 2.0% | ||
| Q1 25 | 6.5% | 4.4% | ||
| Q4 24 | 4.6% | -6.3% | ||
| Q3 24 | 17.9% | 0.9% | ||
| Q2 24 | 0.7% | -2.7% |
资本支出强度BAHR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.5% | 12.8% | ||
| Q3 25 | 0.9% | 16.6% | ||
| Q2 25 | 0.8% | 21.6% | ||
| Q1 25 | 0.8% | 16.4% | ||
| Q4 24 | 0.6% | 23.8% | ||
| Q3 24 | 0.8% | 18.9% | ||
| Q2 24 | 1.1% | 20.1% |
现金转化率BAHR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.30× | 5.67× | ||
| Q3 25 | 2.41× | 3.20× | ||
| Q2 25 | 0.44× | 5.74× | ||
| Q1 25 | 1.14× | 6.64× | ||
| Q4 24 | 0.81× | 4.13× | ||
| Q3 24 | 1.50× | 4.43× | ||
| Q2 24 | 0.32× | 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
BAH
| Defense Clients | $1.5B | 55% |
| Civil Clients | $732.0M | 28% |
| Intelligence Clients | $434.0M | 17% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
