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Constellation Energy（CEG）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
Constellation Energy的季度营收约是RYDER SYSTEM INC的1.8倍（$5.7B vs $3.1B），Constellation Energy净利率更高（7.6% vs 3.0%，领先4.6%），Constellation Energy同比增速更快（25.8% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-181.0M），过去两年Constellation Energy的营收复合增速更高（4.0% vs -0.9%）
Constellation Energy是总部位于美国马里兰州巴尔的摩的大型能源企业，核心业务涵盖电力供应、天然气供应以及专业能源管理服务，业务范围覆盖美国本土全境，累计服务的个人及企业客户总量约200万。
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。
CEG vs R — 直观对比
营收规模更大
CEG
是对方的1.8倍
$3.1B
营收增速更快
CEG
高出24.8%
1.0%
净利率更高
CEG
高出4.6%
3.0%
自由现金流更多
R
多$454.0M
$-181.0M
两年增速更快
CEG
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $3.1B |
| 净利润 | $432.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.5% | — |
| 净利率 | 7.6% | 3.0% |
| 营收同比 | 25.8% | 1.0% |
| 净利润同比 | -49.3% | -5.1% |
| 每股收益（稀释后） | $1.38 | $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CEGR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $5.7B | $3.2B | ||
| Q3 25 | $5.7B | $3.2B | ||
| Q2 25 | $5.2B | $3.2B | ||
| Q1 25 | $6.1B | $3.1B | ||
| Q4 24 | $4.5B | $3.2B | ||
| Q3 24 | $4.8B | $3.2B | ||
| Q2 24 | $4.4B | $3.2B |
净利润CEGR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $432.0M | $132.0M | ||
| Q3 25 | $930.0M | $138.0M | ||
| Q2 25 | $839.0M | $131.0M | ||
| Q1 25 | $118.0M | $98.0M | ||
| Q4 24 | $852.0M | $135.0M | ||
| Q3 24 | $1.2B | $142.0M | ||
| Q2 24 | $814.0M | $127.0M |
营业利润率CEGR
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | 5.6% | ||
| Q3 25 | 19.0% | 6.0% | ||
| Q2 25 | 18.4% | 5.8% | ||
| Q1 25 | 7.4% | 4.3% | ||
| Q4 24 | 21.5% | 5.7% | ||
| Q3 24 | 30.7% | 5.9% | ||
| Q2 24 | 25.0% | 5.6% |
净利率CEGR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 7.6% | 4.2% | ||
| Q3 25 | 16.3% | 4.4% | ||
| Q2 25 | 16.3% | 4.1% | ||
| Q1 25 | 1.9% | 3.1% | ||
| Q4 24 | 18.8% | 4.2% | ||
| Q3 24 | 25.1% | 4.5% | ||
| Q2 24 | 18.5% | 4.0% |
每股收益（稀释后）CEGR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.38 | $3.22 | ||
| Q3 25 | $2.97 | $3.32 | ||
| Q2 25 | $2.67 | $3.13 | ||
| Q1 25 | $0.38 | $2.27 | ||
| Q4 24 | $2.71 | $3.09 | ||
| Q3 24 | $3.82 | $3.24 | ||
| Q2 24 | $2.58 | $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 | $3.6B | $182.0M |
| 总债务越低越好 | $7.4B | — |
| 股东权益账面价值 | $14.5B | $2.9B |
| 总资产 | $57.2B | — |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资CEGR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $3.6B | $198.0M | ||
| Q3 25 | $4.0B | $189.0M | ||
| Q2 25 | $2.0B | $180.0M | ||
| Q1 25 | $1.8B | $151.0M | ||
| Q4 24 | $3.0B | $154.0M | ||
| Q3 24 | $1.8B | $162.0M | ||
| Q2 24 | $311.0M | $164.0M |
总债务CEGR
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | $8.5B | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益CEGR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $14.5B | $3.1B | ||
| Q3 25 | $14.3B | $3.1B | ||
| Q2 25 | $13.4B | $3.1B | ||
| Q1 25 | $13.0B | $3.0B | ||
| Q4 24 | $13.2B | $3.1B | ||
| Q3 24 | $12.6B | $3.1B | ||
| Q2 24 | $11.4B | $3.1B |
总资产CEGR
| Q1 26 | — | — | ||
| Q4 25 | $57.2B | $16.4B | ||
| Q3 25 | $56.2B | $16.5B | ||
| Q2 25 | $53.0B | $16.5B | ||
| Q1 25 | $52.3B | $16.4B | ||
| Q4 24 | $52.9B | $16.7B | ||
| Q3 24 | $51.8B | $16.5B | ||
| Q2 24 | $51.3B | $16.4B |
负债/权益比CEGR
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | 0.64× | 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 | $805.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-181.0M | $273.0M |
| 自由现金流率自由现金流/营收 | -3.2% | 8.7% |
| 资本支出强度资本支出/营收 | 17.3% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.86× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $595.0M |
8季度趋势，按日历期对齐
经营现金流CEGR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $805.0M | $749.0M | ||
| Q3 25 | $1.8B | $442.0M | ||
| Q2 25 | $1.5B | $752.0M | ||
| Q1 25 | $107.0M | $651.0M | ||
| Q4 24 | $-1.0B | $558.0M | ||
| Q3 24 | $-112.0M | $629.0M | ||
| Q2 24 | $-613.0M | $552.0M |
自由现金流CEGR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-181.0M | $344.0M | ||
| Q3 25 | $1.5B | $-85.0M | ||
| Q2 25 | $710.0M | $63.0M | ||
| Q1 25 | $-699.0M | $137.0M | ||
| Q4 24 | $-1.7B | $-201.0M | ||
| Q3 24 | $-664.0M | $30.0M | ||
| Q2 24 | $-1.2B | $-87.0M |
自由现金流率CEGR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -3.2% | 10.8% | ||
| Q3 25 | 25.6% | -2.7% | ||
| Q2 25 | 13.8% | 2.0% | ||
| Q1 25 | -11.4% | 4.4% | ||
| Q4 24 | -38.6% | -6.3% | ||
| Q3 24 | -13.9% | 0.9% | ||
| Q2 24 | -26.3% | -2.7% |
资本支出强度CEGR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 17.3% | 12.8% | ||
| Q3 25 | 6.8% | 16.6% | ||
| Q2 25 | 14.9% | 21.6% | ||
| Q1 25 | 13.2% | 16.4% | ||
| Q4 24 | 16.1% | 23.8% | ||
| Q3 24 | 11.6% | 18.9% | ||
| Q2 24 | 12.4% | 20.1% |
现金转化率CEGR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.86× | 5.67× | ||
| Q3 25 | 1.99× | 3.20× | ||
| Q2 25 | 1.76× | 5.74× | ||
| Q1 25 | 0.91× | 6.64× | ||
| Q4 24 | -1.19× | 4.13× | ||
| Q3 24 | -0.09× | 4.43× | ||
| Q2 24 | -0.75× | 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
CEG
| Constellation Mid Atlantic | $1.6B | 29% |
| Constellation Midwest | $1.3B | 23% |
| Constellation Other Regions | $1.1B | 20% |
| Other | $660.0M | 12% |
| Constellation New York | $618.0M | 11% |
| Constellation ERCOT | $292.0M | 5% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
