vs
黑石集团（BX）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
黑石集团的季度营收约是RYDER SYSTEM INC的1.1倍（$3.3B vs $3.1B），黑石集团净利率更高（36.7% vs 3.0%，领先33.8%），RYDER SYSTEM INC同比增速更快（1.0% vs -9.1%），过去两年黑石集团的营收复合增速更高（8.5% vs -0.9%）
黑石集团是总部位于美国纽约的另类资产管理机构，1985年由曾共同任职于雷曼兄弟的彼得·彼得森和斯蒂芬·施瓦茨曼创立，最初主营并购咨询业务。过去三十年间，其私募股权业务是全球最大的杠杆收购投资方之一，地产业务也在全球积极布局商业不动产投资。
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。
BX vs R — 直观对比
营收规模更大
BX
是对方的1.1倍
$3.1B
营收增速更快
R
高出10.1%
-9.1%
净利率更高
BX
高出33.8%
3.0%
两年增速更快
BX
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.1B |
| 净利润 | $1.2B | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 36.7% | 3.0% |
| 营收同比 | -9.1% | 1.0% |
| 净利润同比 | -3.9% | -5.1% |
| 每股收益（稀释后） | $0.80 | $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BXR
| Q1 26 | $3.3B | $3.1B | ||
| Q4 25 | $4.4B | $3.2B | ||
| Q3 25 | $3.1B | $3.2B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.3B | $3.1B | ||
| Q4 24 | $3.1B | $3.2B | ||
| Q3 24 | $3.7B | $3.2B | ||
| Q2 24 | $2.8B | $3.2B |
净利润BXR
| Q1 26 | $1.2B | $93.0M | ||
| Q4 25 | $1.0B | $132.0M | ||
| Q3 25 | $624.9M | $138.0M | ||
| Q2 25 | $764.2M | $131.0M | ||
| Q1 25 | $614.9M | $98.0M | ||
| Q4 24 | $703.9M | $135.0M | ||
| Q3 24 | $780.8M | $142.0M | ||
| Q2 24 | $444.4M | $127.0M |
营业利润率BXR
| Q1 26 | — | — | ||
| Q4 25 | 54.1% | 5.6% | ||
| Q3 25 | 46.8% | 6.0% | ||
| Q2 25 | 51.6% | 5.8% | ||
| Q1 25 | 44.2% | 4.3% | ||
| Q4 24 | 50.6% | 5.7% | ||
| Q3 24 | 49.4% | 5.9% | ||
| Q2 24 | 43.2% | 5.6% |
净利率BXR
| Q1 26 | 36.7% | 3.0% | ||
| Q4 25 | 23.3% | 4.2% | ||
| Q3 25 | 20.2% | 4.4% | ||
| Q2 25 | 20.6% | 4.1% | ||
| Q1 25 | 18.7% | 3.1% | ||
| Q4 24 | 22.8% | 4.2% | ||
| Q3 24 | 21.3% | 4.5% | ||
| Q2 24 | 15.9% | 4.0% |
每股收益（稀释后）BXR
| Q1 26 | $0.80 | $2.34 | ||
| Q4 25 | $1.29 | $3.22 | ||
| Q3 25 | $0.80 | $3.32 | ||
| Q2 25 | $0.98 | $3.13 | ||
| Q1 25 | $0.80 | $2.27 | ||
| Q4 24 | $0.91 | $3.09 | ||
| Q3 24 | $1.02 | $3.24 | ||
| Q2 24 | $0.58 | $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 | $2.4B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $18.5B | $2.9B |
| 总资产 | $45.3B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BXR
| Q1 26 | $2.4B | $182.0M | ||
| Q4 25 | $2.6B | $198.0M | ||
| Q3 25 | $2.4B | $189.0M | ||
| Q2 25 | $2.2B | $180.0M | ||
| Q1 25 | $2.4B | $151.0M | ||
| Q4 24 | $2.0B | $154.0M | ||
| Q3 24 | $2.4B | $162.0M | ||
| Q2 24 | $2.4B | $164.0M |
总债务BXR
| Q1 26 | — | — | ||
| Q4 25 | $12.6B | $6.8B | ||
| Q3 25 | $12.1B | $7.3B | ||
| Q2 25 | $12.1B | $7.0B | ||
| Q1 25 | $12.6B | $6.7B | ||
| Q4 24 | $11.5B | $6.7B | ||
| Q3 24 | $10.9B | $6.6B | ||
| Q2 24 | $10.8B | $6.5B |
股东权益BXR
| Q1 26 | $18.5B | $2.9B | ||
| Q4 25 | $8.7B | $3.1B | ||
| Q3 25 | $8.4B | $3.1B | ||
| Q2 25 | $8.4B | $3.1B | ||
| Q1 25 | $8.0B | $3.0B | ||
| Q4 24 | $8.2B | $3.1B | ||
| Q3 24 | $7.0B | $3.1B | ||
| Q2 24 | $6.8B | $3.1B |
总资产BXR
| Q1 26 | $45.3B | — | ||
| Q4 25 | $47.7B | $16.4B | ||
| Q3 25 | $46.6B | $16.5B | ||
| Q2 25 | $45.4B | $16.5B | ||
| Q1 25 | $45.3B | $16.4B | ||
| Q4 24 | $43.5B | $16.7B | ||
| Q3 24 | $42.6B | $16.5B | ||
| Q2 24 | $40.6B | $16.4B |
负债/权益比BXR
| Q1 26 | — | — | ||
| Q4 25 | 1.45× | 2.24× | ||
| Q3 25 | 1.44× | 2.35× | ||
| Q2 25 | 1.45× | 2.27× | ||
| Q1 25 | 1.58× | 2.21× | ||
| Q4 24 | 1.40× | 2.14× | ||
| Q3 24 | 1.55× | 2.17× | ||
| Q2 24 | 1.58× | 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 | — | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流BXR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.1B | $749.0M | ||
| Q3 25 | $1.6B | $442.0M | ||
| Q2 25 | $888.5M | $752.0M | ||
| Q1 25 | $1.1B | $651.0M | ||
| Q4 24 | $161.4M | $558.0M | ||
| Q3 24 | $1.2B | $629.0M | ||
| Q2 24 | $1.2B | $552.0M |
自由现金流BXR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $1.0B | $344.0M | ||
| Q3 25 | $1.6B | $-85.0M | ||
| Q2 25 | $848.4M | $63.0M | ||
| Q1 25 | $1.1B | $137.0M | ||
| Q4 24 | $149.5M | $-201.0M | ||
| Q3 24 | $1.2B | $30.0M | ||
| Q2 24 | $1.1B | $-87.0M |
自由现金流率BXR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 24.0% | 10.8% | ||
| Q3 25 | 51.0% | -2.7% | ||
| Q2 25 | 22.9% | 2.0% | ||
| Q1 25 | 32.8% | 4.4% | ||
| Q4 24 | 4.9% | -6.3% | ||
| Q3 24 | 32.8% | 0.9% | ||
| Q2 24 | 41.0% | -2.7% |
资本支出强度BXR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.5% | 12.8% | ||
| Q3 25 | 0.8% | 16.6% | ||
| Q2 25 | 1.1% | 21.6% | ||
| Q1 25 | 0.9% | 16.4% | ||
| Q4 24 | 0.4% | 23.8% | ||
| Q3 24 | 0.5% | 18.9% | ||
| Q2 24 | 0.4% | 20.1% |
现金转化率BXR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.05× | 5.67× | ||
| Q3 25 | 2.56× | 3.20× | ||
| Q2 25 | 1.16× | 5.74× | ||
| Q1 25 | 1.80× | 6.64× | ||
| Q4 24 | 0.23× | 4.13× | ||
| Q3 24 | 1.56× | 4.43× | ||
| Q2 24 | 2.61× | 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
BX
| Management and Advisory Fees, Net | $1.9B | 58% |
| Realized | $562.0M | 17% |
| Other | $368.1M | 11% |
| Unrealized | $263.2M | 8% |
| Incentive Fees | $191.8M | 6% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
