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卡特彼勒（CAT）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
卡特彼勒的季度营收约是RYDER SYSTEM INC的6.1倍（$19.1B vs $3.1B），卡特彼勒净利率更高（12.5% vs 3.0%，领先9.6%），卡特彼勒同比增速更快（18.0% vs 1.0%），卡特彼勒自由现金流更多（$2.7B vs $273.0M），过去两年卡特彼勒的营收复合增速更高（10.0% vs -0.9%）
卡特彼勒是来自美国的工程设备制造企业，主营建筑、采矿等领域的设备生产，是全球规模最大的工程机械设备制造商。2018年该公司位列美国财富500强第73位、全球财富500强第265位，其股票为道琼斯工业平均指数成分股。
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。
CAT vs R — 直观对比
营收规模更大
CAT
是对方的6.1倍
$3.1B
营收增速更快
CAT
高出17.0%
1.0%
净利率更高
CAT
高出9.6%
3.0%
自由现金流更多
CAT
多$2.4B
$273.0M
两年增速更快
CAT
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $19.1B | $3.1B |
| 净利润 | $2.4B | $93.0M |
| 毛利率 | 30.5% | — |
| 营业利润率 | 13.9% | — |
| 净利率 | 12.5% | 3.0% |
| 营收同比 | 18.0% | 1.0% |
| 净利润同比 | -13.9% | -5.1% |
| 每股收益（稀释后） | $5.11 | $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CATR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $19.1B | $3.2B | ||
| Q3 25 | $17.6B | $3.2B | ||
| Q2 25 | $16.6B | $3.2B | ||
| Q1 25 | $14.2B | $3.1B | ||
| Q4 24 | $16.2B | $3.2B | ||
| Q3 24 | $16.1B | $3.2B | ||
| Q2 24 | $16.7B | $3.2B |
净利润CATR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $2.4B | $132.0M | ||
| Q3 25 | $2.3B | $138.0M | ||
| Q2 25 | $2.2B | $131.0M | ||
| Q1 25 | $2.0B | $98.0M | ||
| Q4 24 | $2.8B | $135.0M | ||
| Q3 24 | $2.5B | $142.0M | ||
| Q2 24 | $2.7B | $127.0M |
毛利率CATR
| Q1 26 | — | — | ||
| Q4 25 | 30.5% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 36.3% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 39.2% | — |
营业利润率CATR
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 5.6% | ||
| Q3 25 | 17.3% | 6.0% | ||
| Q2 25 | 17.3% | 5.8% | ||
| Q1 25 | 18.1% | 4.3% | ||
| Q4 24 | 18.0% | 5.7% | ||
| Q3 24 | 19.5% | 5.9% | ||
| Q2 24 | 20.9% | 5.6% |
净利率CATR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 12.5% | 4.2% | ||
| Q3 25 | 13.0% | 4.4% | ||
| Q2 25 | 13.2% | 4.1% | ||
| Q1 25 | 14.1% | 3.1% | ||
| Q4 24 | 17.2% | 4.2% | ||
| Q3 24 | 15.3% | 4.5% | ||
| Q2 24 | 16.1% | 4.0% |
每股收益（稀释后）CATR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $5.11 | $3.22 | ||
| Q3 25 | $4.88 | $3.32 | ||
| Q2 25 | $4.62 | $3.13 | ||
| Q1 25 | $4.20 | $2.27 | ||
| Q4 24 | $5.76 | $3.09 | ||
| Q3 24 | $5.06 | $3.24 | ||
| Q2 24 | $5.48 | $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 | $10.0B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $21.3B | $2.9B |
| 总资产 | $98.6B | — |
| 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CATR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $10.0B | $198.0M | ||
| Q3 25 | $7.5B | $189.0M | ||
| Q2 25 | $5.4B | $180.0M | ||
| Q1 25 | $3.6B | $151.0M | ||
| Q4 24 | $6.9B | $154.0M | ||
| Q3 24 | $5.6B | $162.0M | ||
| Q2 24 | $4.3B | $164.0M |
总债务CATR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益CATR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $21.3B | $3.1B | ||
| Q3 25 | $20.7B | $3.1B | ||
| Q2 25 | $18.7B | $3.1B | ||
| Q1 25 | $18.1B | $3.0B | ||
| Q4 24 | $19.5B | $3.1B | ||
| Q3 24 | $19.4B | $3.1B | ||
| Q2 24 | $17.1B | $3.1B |
总资产CATR
| Q1 26 | — | — | ||
| Q4 25 | $98.6B | $16.4B | ||
| Q3 25 | $93.7B | $16.5B | ||
| Q2 25 | $90.3B | $16.5B | ||
| Q1 25 | $85.0B | $16.4B | ||
| Q4 24 | $87.8B | $16.7B | ||
| Q3 24 | $86.3B | $16.5B | ||
| Q2 24 | $83.3B | $16.4B |
负债/权益比CATR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 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 | $3.6B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $2.7B | $273.0M |
| 自由现金流率自由现金流/营收 | 14.1% | 8.7% |
| 资本支出强度资本支出/营收 | 4.7% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.50× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $8.9B | $595.0M |
8季度趋势，按日历期对齐
经营现金流CATR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $3.6B | $749.0M | ||
| Q3 25 | $3.7B | $442.0M | ||
| Q2 25 | $3.1B | $752.0M | ||
| Q1 25 | $1.3B | $651.0M | ||
| Q4 24 | $3.4B | $558.0M | ||
| Q3 24 | $3.6B | $629.0M | ||
| Q2 24 | $3.0B | $552.0M |
自由现金流CATR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $2.7B | $344.0M | ||
| Q3 25 | $3.1B | $-85.0M | ||
| Q2 25 | $2.6B | $63.0M | ||
| Q1 25 | $579.0M | $137.0M | ||
| Q4 24 | $2.7B | $-201.0M | ||
| Q3 24 | $3.1B | $30.0M | ||
| Q2 24 | $2.7B | $-87.0M |
自由现金流率CATR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 14.1% | 10.8% | ||
| Q3 25 | 17.5% | -2.7% | ||
| Q2 25 | 15.5% | 2.0% | ||
| Q1 25 | 4.1% | 4.4% | ||
| Q4 24 | 16.6% | -6.3% | ||
| Q3 24 | 19.4% | 0.9% | ||
| Q2 24 | 16.1% | -2.7% |
资本支出强度CATR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 4.7% | 12.8% | ||
| Q3 25 | 3.7% | 16.6% | ||
| Q2 25 | 3.3% | 21.6% | ||
| Q1 25 | 5.0% | 16.4% | ||
| Q4 24 | 4.3% | 23.8% | ||
| Q3 24 | 2.8% | 18.9% | ||
| Q2 24 | 2.0% | 20.1% |
现金转化率CATR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.50× | 5.67× | ||
| Q3 25 | 1.63× | 3.20× | ||
| Q2 25 | 1.43× | 5.74× | ||
| Q1 25 | 0.64× | 6.64× | ||
| Q4 24 | 1.22× | 4.13× | ||
| Q3 24 | 1.45× | 4.43× | ||
| Q2 24 | 1.13× | 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
CAT
| Construction Industries | $6.9B | 36% |
| Resource Industries | $3.4B | 18% |
| Powergeneration | $3.2B | 17% |
| Oil And Gas Customer | $2.4B | 13% |
| Financial Products Segment | $1.1B | 6% |
| Industrial | $967.0M | 5% |
| Financial Products | $931.0M | 5% |
| Related Party | $190.0M | 1% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
