vs
C.H. Robinson（CHRW）与CLEVELAND-CLIFFS INC.（CLF）财务数据对比。点击上方公司名可切换其他公司
CLEVELAND-CLIFFS INC.的季度营收约是C.H. Robinson的1.1倍（$4.3B vs $3.9B），C.H. Robinson净利率更高（3.5% vs -5.6%，领先9.1%），CLEVELAND-CLIFFS INC.同比增速更快（-0.3% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $-153.0M），过去两年C.H. Robinson的营收复合增速更高（-5.8% vs -8.9%）
C.H. Robinson是美国知名第三方物流与运输服务企业，业务涵盖货运代理、运输管理、中介经纪及仓储服务，可提供整车、零担、空运、多式联运、海运等多种运输解决方案，满足全球客户差异化物流需求。
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
CHRW vs CLF — 直观对比
营收规模更大
CLF
是对方的1.1倍
$3.9B
营收增速更快
CLF
高出6.2%
-6.5%
净利率更高
CHRW
高出9.1%
-5.6%
自由现金流更多
CHRW
多$455.4M
$-153.0M
两年增速更快
CHRW
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.3B |
| 净利润 | $136.3M | $-241.0M |
| 毛利率 | — | -5.0% |
| 营业利润率 | 4.6% | -7.9% |
| 净利率 | 3.5% | -5.6% |
| 营收同比 | -6.5% | -0.3% |
| 净利润同比 | -8.7% | 46.1% |
| 每股收益（稀释后） | $1.12 | — |
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CHRWCLF
| Q4 25 | $3.9B | $4.3B | ||
| Q3 25 | $4.1B | $4.7B | ||
| Q2 25 | $4.1B | $4.9B | ||
| Q1 25 | $4.0B | $4.6B | ||
| Q4 24 | $4.2B | $4.3B | ||
| Q3 24 | $4.6B | $4.6B | ||
| Q2 24 | $4.5B | $5.1B | ||
| Q1 24 | $4.4B | $5.2B |
净利润CHRWCLF
| Q4 25 | $136.3M | $-241.0M | ||
| Q3 25 | $163.0M | $-251.0M | ||
| Q2 25 | $152.5M | $-470.0M | ||
| Q1 25 | $135.3M | $-483.0M | ||
| Q4 24 | $149.3M | $-447.0M | ||
| Q3 24 | $97.2M | $-242.0M | ||
| Q2 24 | $126.3M | $2.0M | ||
| Q1 24 | $92.9M | $-67.0M |
毛利率CHRWCLF
| Q4 25 | — | -5.0% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -8.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | -2.3% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 5.5% |
营业利润率CHRWCLF
| Q4 25 | 4.6% | -7.9% | ||
| Q3 25 | 5.3% | -4.3% | ||
| Q2 25 | 5.2% | -10.1% | ||
| Q1 25 | 4.4% | -11.6% | ||
| Q4 24 | 4.4% | -10.8% | ||
| Q3 24 | 3.9% | -5.7% | ||
| Q2 24 | 4.0% | 0.1% | ||
| Q1 24 | 2.9% | -0.7% |
净利率CHRWCLF
| Q4 25 | 3.5% | -5.6% | ||
| Q3 25 | 3.9% | -5.3% | ||
| Q2 25 | 3.7% | -9.5% | ||
| Q1 25 | 3.3% | -10.4% | ||
| Q4 24 | 3.6% | -10.3% | ||
| Q3 24 | 2.1% | -5.3% | ||
| Q2 24 | 2.8% | 0.0% | ||
| Q1 24 | 2.1% | -1.3% |
每股收益（稀释后）CHRWCLF
| Q4 25 | $1.12 | — | ||
| Q3 25 | $1.34 | $-0.51 | ||
| Q2 25 | $1.26 | — | ||
| Q1 25 | $1.11 | — | ||
| Q4 24 | $1.23 | $-0.91 | ||
| Q3 24 | $0.80 | $-0.52 | ||
| Q2 24 | $1.05 | $0.00 | ||
| Q1 24 | $0.78 | $-0.14 |
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 | $160.9M | $57.0M |
| 总债务越低越好 | $1.1B | $7.3B |
| 股东权益账面价值 | $1.8B | $6.1B |
| 总资产 | $5.1B | $20.0B |
| 负债/权益比越低杠杆越低 | 0.59× | 1.19× |
8季度趋势，按日历期对齐
现金及短期投资CHRWCLF
| Q4 25 | $160.9M | $57.0M | ||
| Q3 25 | $136.8M | $66.0M | ||
| Q2 25 | $156.0M | $61.0M | ||
| Q1 25 | $129.9M | $57.0M | ||
| Q4 24 | $145.8M | $54.0M | ||
| Q3 24 | $131.7M | $39.0M | ||
| Q2 24 | $113.2M | $110.0M | ||
| Q1 24 | $121.8M | $30.0M |
总债务CHRWCLF
| Q4 25 | $1.1B | $7.3B | ||
| Q3 25 | $1.2B | $8.0B | ||
| Q2 25 | $1.4B | $7.7B | ||
| Q1 25 | $1.4B | $7.6B | ||
| Q4 24 | $1.4B | $7.1B | ||
| Q3 24 | $1.6B | $3.8B | ||
| Q2 24 | $1.6B | $3.5B | ||
| Q1 24 | $1.7B | $3.7B |
股东权益CHRWCLF
| Q4 25 | $1.8B | $6.1B | ||
| Q3 25 | $1.9B | $5.5B | ||
| Q2 25 | $1.8B | $5.8B | ||
| Q1 25 | $1.7B | $6.3B | ||
| Q4 24 | $1.7B | $6.7B | ||
| Q3 24 | $1.6B | $6.9B | ||
| Q2 24 | $1.5B | $7.1B | ||
| Q1 24 | $1.4B | $7.2B |
总资产CHRWCLF
| Q4 25 | $5.1B | $20.0B | ||
| Q3 25 | $5.2B | $20.3B | ||
| Q2 25 | $5.3B | $20.5B | ||
| Q1 25 | $5.2B | $20.8B | ||
| Q4 24 | $5.3B | $20.9B | ||
| Q3 24 | $5.6B | $16.8B | ||
| Q2 24 | $5.5B | $16.9B | ||
| Q1 24 | $5.5B | $17.2B |
负债/权益比CHRWCLF
| Q4 25 | 0.59× | 1.19× | ||
| Q3 25 | 0.64× | 1.47× | ||
| Q2 25 | 0.76× | 1.33× | ||
| Q1 25 | 0.80× | 1.22× | ||
| Q4 24 | 0.80× | 1.06× | ||
| Q3 24 | 0.95× | 0.55× | ||
| Q2 24 | 1.07× | 0.49× | ||
| Q1 24 | 1.19× | 0.51× |
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 | $305.4M | $-13.0M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $-153.0M |
| 自由现金流率自由现金流/营收 | 7.7% | -3.5% |
| 资本支出强度资本支出/营收 | 0.1% | 3.2% |
| 现金转化率经营现金流/净利润 | 2.24× | — |
| 过去12个月自由现金流最近4个季度 | $894.9M | $-1.0B |
8季度趋势，按日历期对齐
经营现金流CHRWCLF
| Q4 25 | $305.4M | $-13.0M | ||
| Q3 25 | $275.4M | $-143.0M | ||
| Q2 25 | $227.1M | $45.0M | ||
| Q1 25 | $106.5M | $-351.0M | ||
| Q4 24 | $267.9M | $-472.0M | ||
| Q3 24 | $108.1M | $-84.0M | ||
| Q2 24 | $166.4M | $519.0M | ||
| Q1 24 | $-33.3M | $142.0M |
自由现金流CHRWCLF
| Q4 25 | $302.4M | $-153.0M | ||
| Q3 25 | $269.5M | $-300.0M | ||
| Q2 25 | $219.8M | $-67.0M | ||
| Q1 25 | $103.2M | $-503.0M | ||
| Q4 24 | $265.3M | $-677.0M | ||
| Q3 24 | $103.3M | $-235.0M | ||
| Q2 24 | $159.8M | $362.0M | ||
| Q1 24 | $-41.9M | $-40.0M |
自由现金流率CHRWCLF
| Q4 25 | 7.7% | -3.5% | ||
| Q3 25 | 6.5% | -6.3% | ||
| Q2 25 | 5.3% | -1.4% | ||
| Q1 25 | 2.5% | -10.9% | ||
| Q4 24 | 6.3% | -15.7% | ||
| Q3 24 | 2.2% | -5.1% | ||
| Q2 24 | 3.6% | 7.1% | ||
| Q1 24 | -1.0% | -0.8% |
资本支出强度CHRWCLF
| Q4 25 | 0.1% | 3.2% | ||
| Q3 25 | 0.1% | 3.3% | ||
| Q2 25 | 0.2% | 2.3% | ||
| Q1 25 | 0.1% | 3.3% | ||
| Q4 24 | 0.1% | 4.7% | ||
| Q3 24 | 0.1% | 3.3% | ||
| Q2 24 | 0.1% | 3.1% | ||
| Q1 24 | 0.2% | 3.5% |
现金转化率CHRWCLF
| Q4 25 | 2.24× | — | ||
| Q3 25 | 1.69× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 1.32× | 259.50× | ||
| Q1 24 | -0.36× | — |
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
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
