vs
CrossAmerica Partners LP（CAPL）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CrossAmerica Partners LP的1.7倍（$1.5B vs $866.3M），CrossAmerica Partners LP净利率更高（1.2% vs -3.1%，领先4.3%），CrossAmerica Partners LP同比增速更快（-8.3% vs -11.9%），CrossAmerica Partners LP自由现金流更多（$22.4M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs RXO — 直观对比
营收规模更大
RXO
是对方的1.7倍
$866.3M
营收增速更快
CAPL
高出3.6%
-11.9%
净利率更高
CAPL
高出4.3%
-3.1%
自由现金流更多
CAPL
多$31.4M
$-9.0M
两年增速更快
RXO
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $1.5B |
| 净利润 | $10.2M | $-46.0M |
| 毛利率 | 12.4% | — |
| 营业利润率 | 3.0% | -2.9% |
| 净利率 | 1.2% | -3.1% |
| 营收同比 | -8.3% | -11.9% |
| 净利润同比 | -39.6% | -84.0% |
| 每股收益（稀释后） | $0.24 | $-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CAPLRXO
| Q4 25 | $866.3M | $1.5B | ||
| Q3 25 | $971.8M | $1.4B | ||
| Q2 25 | $961.9M | $1.4B | ||
| Q1 25 | $862.5M | $1.4B | ||
| Q4 24 | $944.2M | $1.7B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $930.0M | ||
| Q1 24 | $941.5M | $913.0M |
净利润CAPLRXO
| Q4 25 | $10.2M | $-46.0M | ||
| Q3 25 | $13.6M | $-14.0M | ||
| Q2 25 | $25.2M | $-9.0M | ||
| Q1 25 | $-7.1M | $-31.0M | ||
| Q4 24 | $16.9M | $-25.0M | ||
| Q3 24 | $10.7M | $-243.0M | ||
| Q2 24 | $12.4M | $-7.0M | ||
| Q1 24 | $-17.5M | $-15.0M |
毛利率CAPLRXO
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CAPLRXO
| Q4 25 | 3.0% | -2.9% | ||
| Q3 25 | 2.9% | -0.5% | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 0.2% | -2.1% | ||
| Q4 24 | 3.0% | -1.4% | ||
| Q3 24 | 2.5% | -1.9% | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | -1.4% | -1.3% |
净利率CAPLRXO
| Q4 25 | 1.2% | -3.1% | ||
| Q3 25 | 1.4% | -1.0% | ||
| Q2 25 | 2.6% | -0.6% | ||
| Q1 25 | -0.8% | -2.2% | ||
| Q4 24 | 1.8% | -1.5% | ||
| Q3 24 | 1.0% | -23.4% | ||
| Q2 24 | 1.1% | -0.8% | ||
| Q1 24 | -1.9% | -1.6% |
每股收益（稀释后）CAPLRXO
| Q4 25 | $0.24 | $-0.28 | ||
| Q3 25 | $0.34 | $-0.08 | ||
| Q2 25 | $0.64 | $-0.05 | ||
| Q1 25 | $-0.20 | $-0.18 | ||
| Q4 24 | $0.42 | $-0.17 | ||
| Q3 24 | $0.27 | $-1.81 | ||
| Q2 24 | $0.31 | $-0.06 | ||
| Q1 24 | $-0.48 | $-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 | $3.1M | $17.0M |
| 总债务越低越好 | $687.2M | $387.0M |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | $964.7M | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资CAPLRXO
| Q4 25 | $3.1M | $17.0M | ||
| Q3 25 | $5.8M | $25.0M | ||
| Q2 25 | $9.7M | $18.0M | ||
| Q1 25 | $6.7M | $16.0M | ||
| Q4 24 | $3.4M | $35.0M | ||
| Q3 24 | $7.8M | $55.0M | ||
| Q2 24 | $5.5M | $7.0M | ||
| Q1 24 | $6.3M | $7.0M |
总债务CAPLRXO
| Q4 25 | $687.2M | $387.0M | ||
| Q3 25 | $700.8M | $387.0M | ||
| Q2 25 | $722.7M | $387.0M | ||
| Q1 25 | $774.1M | $387.0M | ||
| Q4 24 | $763.9M | $351.0M | ||
| Q3 24 | $769.2M | $352.0M | ||
| Q2 24 | $786.7M | $370.0M | ||
| Q1 24 | $795.8M | $351.0M |
股东权益CAPLRXO
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $579.0M | ||
| Q1 24 | — | $582.0M |
总资产CAPLRXO
| Q4 25 | $964.7M | $3.3B | ||
| Q3 25 | $998.9M | $3.2B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $1.1B | $3.3B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.1B | $3.4B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.2B | $1.8B |
负债/权益比CAPLRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 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 | $29.4M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $-9.0M |
| 自由现金流率自由现金流/营收 | 2.6% | -0.6% |
| 资本支出强度资本支出/营收 | 0.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.89× | — |
| 过去12个月自由现金流最近4个季度 | $55.8M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流CAPLRXO
| Q4 25 | $29.4M | $7.0M | ||
| Q3 25 | $24.4M | $23.0M | ||
| Q2 25 | $22.6M | $23.0M | ||
| Q1 25 | $15.0M | $-2.0M | ||
| Q4 24 | $11.1M | $-7.0M | ||
| Q3 24 | $41.9M | $-7.0M | ||
| Q2 24 | $28.9M | $-5.0M | ||
| Q1 24 | $5.8M | $7.0M |
自由现金流CAPLRXO
| Q4 25 | $22.4M | $-9.0M | ||
| Q3 25 | $17.7M | $9.0M | ||
| Q2 25 | $10.8M | $9.0M | ||
| Q1 25 | $4.9M | $-17.0M | ||
| Q4 24 | $3.9M | $-19.0M | ||
| Q3 24 | $34.2M | $-18.0M | ||
| Q2 24 | $23.6M | $-16.0M | ||
| Q1 24 | $-289.0K | $-4.0M |
自由现金流率CAPLRXO
| Q4 25 | 2.6% | -0.6% | ||
| Q3 25 | 1.8% | 0.6% | ||
| Q2 25 | 1.1% | 0.6% | ||
| Q1 25 | 0.6% | -1.2% | ||
| Q4 24 | 0.4% | -1.1% | ||
| Q3 24 | 3.2% | -1.7% | ||
| Q2 24 | 2.1% | -1.7% | ||
| Q1 24 | -0.0% | -0.4% |
资本支出强度CAPLRXO
| Q4 25 | 0.8% | 1.1% | ||
| Q3 25 | 0.7% | 1.0% | ||
| Q2 25 | 1.2% | 1.0% | ||
| Q1 25 | 1.2% | 1.0% | ||
| Q4 24 | 0.8% | 0.7% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 0.5% | 1.2% | ||
| Q1 24 | 0.6% | 1.2% |
现金转化率CAPLRXO
| Q4 25 | 2.89× | — | ||
| Q3 25 | 1.79× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 3.92× | — | ||
| Q2 24 | 2.33× | — | ||
| Q1 24 | — | — |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 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% |
