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凯雷集团（CG）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的季度营收约是凯雷集团的1.6倍（$3.1B vs $1.9B），凯雷集团净利率更高（18.8% vs 3.0%，领先15.9%），凯雷集团同比增速更快（84.1% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-1.2B），过去两年凯雷集团的营收复合增速更高（66.2% vs -0.9%）
凯雷集团是美国知名跨国企业，核心业务涵盖私募股权投资、另类资产管理及金融服务领域。截至2023年，公司管理资产总规模达4260亿美元，是全球另类资管行业的重要参与者。
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。
CG vs R — 直观对比
营收规模更大
R
是对方的1.6倍
$1.9B
营收增速更快
CG
高出83.1%
1.0%
净利率更高
CG
高出15.9%
3.0%
自由现金流更多
R
多$1.5B
$-1.2B
两年增速更快
CG
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.1B |
| 净利润 | $358.1M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 24.3% | — |
| 净利率 | 18.8% | 3.0% |
| 营收同比 | 84.1% | 1.0% |
| 净利润同比 | 69.8% | -5.1% |
| 每股收益（稀释后） | $0.96 | $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CGR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $332.7M | $3.2B | ||
| Q2 25 | $1.6B | $3.2B | ||
| Q1 25 | $973.1M | $3.1B | ||
| Q4 24 | $1.0B | $3.2B | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $1.1B | $3.2B |
净利润CGR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $358.1M | $132.0M | ||
| Q3 25 | $900.0K | $138.0M | ||
| Q2 25 | $319.7M | $131.0M | ||
| Q1 25 | $130.0M | $98.0M | ||
| Q4 24 | $210.9M | $135.0M | ||
| Q3 24 | $595.7M | $142.0M | ||
| Q2 24 | $148.2M | $127.0M |
营业利润率CGR
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | 5.6% | ||
| Q3 25 | 25.8% | 6.0% | ||
| Q2 25 | 28.0% | 5.8% | ||
| Q1 25 | 17.6% | 4.3% | ||
| Q4 24 | 25.7% | 5.7% | ||
| Q3 24 | 29.9% | 5.9% | ||
| Q2 24 | 20.5% | 5.6% |
净利率CGR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 18.8% | 4.2% | ||
| Q3 25 | 0.3% | 4.4% | ||
| Q2 25 | 20.3% | 4.1% | ||
| Q1 25 | 13.4% | 3.1% | ||
| Q4 24 | 20.4% | 4.2% | ||
| Q3 24 | 22.6% | 4.5% | ||
| Q2 24 | 13.9% | 4.0% |
每股收益（稀释后）CGR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.96 | $3.22 | ||
| Q3 25 | $0.00 | $3.32 | ||
| Q2 25 | $0.87 | $3.13 | ||
| Q1 25 | $0.35 | $2.27 | ||
| Q4 24 | $0.56 | $3.09 | ||
| Q3 24 | $1.63 | $3.24 | ||
| Q2 24 | $0.40 | $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 | $2.0B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.1B | $2.9B |
| 总资产 | $29.1B | — |
| 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CGR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $2.0B | $198.0M | ||
| Q3 25 | $2.2B | $189.0M | ||
| Q2 25 | $1.3B | $180.0M | ||
| Q1 25 | $1.2B | $151.0M | ||
| Q4 24 | $1.3B | $154.0M | ||
| Q3 24 | $1.4B | $162.0M | ||
| Q2 24 | $914.8M | $164.0M |
总债务CGR
| 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CGR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $7.1B | $3.1B | ||
| Q3 25 | $6.8B | $3.1B | ||
| Q2 25 | $6.7B | $3.1B | ||
| Q1 25 | $6.4B | $3.0B | ||
| Q4 24 | $6.3B | $3.1B | ||
| Q3 24 | $6.3B | $3.1B | ||
| Q2 24 | $5.7B | $3.1B |
总资产CGR
| Q1 26 | — | — | ||
| Q4 25 | $29.1B | $16.4B | ||
| Q3 25 | $27.1B | $16.5B | ||
| Q2 25 | $25.1B | $16.5B | ||
| Q1 25 | $24.1B | $16.4B | ||
| Q4 24 | $23.1B | $16.7B | ||
| Q3 24 | $22.7B | $16.5B | ||
| Q2 24 | $22.3B | $16.4B |
负债/权益比CGR
| 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 | $-1.2B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $273.0M |
| 自由现金流率自由现金流/营收 | -65.1% | 8.7% |
| 资本支出强度资本支出/营收 | 2.2% | 13.7% |
| 现金转化率经营现金流/净利润 | -3.34× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-3.4B | $595.0M |
8季度趋势，按日历期对齐
经营现金流CGR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $-1.2B | $749.0M | ||
| Q3 25 | $-1.6B | $442.0M | ||
| Q2 25 | $-168.8M | $752.0M | ||
| Q1 25 | $-352.1M | $651.0M | ||
| Q4 24 | $-352.8M | $558.0M | ||
| Q3 24 | $791.9M | $629.0M | ||
| Q2 24 | $-1.3B | $552.0M |
自由现金流CGR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-1.2B | $344.0M | ||
| Q3 25 | $-1.6B | $-85.0M | ||
| Q2 25 | $-186.3M | $63.0M | ||
| Q1 25 | $-368.8M | $137.0M | ||
| Q4 24 | $-379.5M | $-201.0M | ||
| Q3 24 | $772.8M | $30.0M | ||
| Q2 24 | $-1.3B | $-87.0M |
自由现金流率CGR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -65.1% | 10.8% | ||
| Q3 25 | -475.7% | -2.7% | ||
| Q2 25 | -11.8% | 2.0% | ||
| Q1 25 | -37.9% | 4.4% | ||
| Q4 24 | -36.8% | -6.3% | ||
| Q3 24 | 29.3% | 0.9% | ||
| Q2 24 | -120.4% | -2.7% |
资本支出强度CGR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.2% | 12.8% | ||
| Q3 25 | 7.0% | 16.6% | ||
| Q2 25 | 1.1% | 21.6% | ||
| Q1 25 | 1.7% | 16.4% | ||
| Q4 24 | 2.6% | 23.8% | ||
| Q3 24 | 0.7% | 18.9% | ||
| Q2 24 | 1.7% | 20.1% |
现金转化率CGR
| Q1 26 | — | 6.27× | ||
| Q4 25 | -3.34× | 5.67× | ||
| Q3 25 | -1732.78× | 3.20× | ||
| Q2 25 | -0.53× | 5.74× | ||
| Q1 25 | -2.71× | 6.64× | ||
| Q4 24 | -1.67× | 4.13× | ||
| Q3 24 | 1.33× | 4.43× | ||
| Q2 24 | -8.57× | 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
CG
| Fund Management Fee | $606.8M | 32% |
| Other | $528.7M | 28% |
| Global Private Equity Segment | $307.3M | 16% |
| Global Credit Segment | $238.0M | 13% |
| Carlyle Alp Invest Segment | $124.6M | 7% |
| Incentive Fee | $55.4M | 3% |
| Fee Related Performance Revenues | $29.2M | 2% |
| Investment Advice | $11.1M | 1% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
