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C.H. Robinson（CHRW）与Eversource Energy（ES）财务数据对比。点击上方公司名可切换其他公司
C.H. Robinson的季度营收约是Eversource Energy的1.2倍（$3.9B vs $3.4B），Eversource Energy净利率更高（12.6% vs 3.5%，领先9.1%），Eversource Energy同比增速更快（13.4% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $-67.3M），过去两年Eversource Energy的营收复合增速更高（0.6% vs -5.8%）
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。
Eversource Energy是位列财富500强的上市能源企业，总部位于美国马萨诸塞州斯普林菲尔德，在康涅狄格州哈特福德、马萨诸塞州波士顿均设有办公据点，旗下多家受监管子公司为康涅狄格、马萨诸塞、新罕布什尔三州约400万用户提供零售电力、天然气及供水服务。
CHRW vs ES — 直观对比
营收规模更大
CHRW
是对方的1.2倍
$3.4B
营收增速更快
ES
高出19.9%
-6.5%
净利率更高
ES
高出9.1%
3.5%
自由现金流更多
CHRW
多$369.7M
$-67.3M
两年增速更快
ES
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $3.4B |
| 净利润 | $136.3M | $423.2M |
| 毛利率 | — | — |
| 营业利润率 | 4.6% | 21.1% |
| 净利率 | 3.5% | 12.6% |
| 营收同比 | -6.5% | 13.4% |
| 净利润同比 | -8.7% | 468.8% |
| 每股收益（稀释后） | $1.12 | $1.11 |
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CHRWES
| Q4 25 | $3.9B | $3.4B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $4.1B | $2.8B | ||
| Q1 25 | $4.0B | $4.1B | ||
| Q4 24 | $4.2B | $3.0B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.5B | $2.5B | ||
| Q1 24 | $4.4B | $3.3B |
净利润CHRWES
| Q4 25 | $136.3M | $423.2M | ||
| Q3 25 | $163.0M | $369.4M | ||
| Q2 25 | $152.5M | $354.6M | ||
| Q1 25 | $135.3M | $552.7M | ||
| Q4 24 | $149.3M | $74.4M | ||
| Q3 24 | $97.2M | $-116.2M | ||
| Q2 24 | $126.3M | $337.2M | ||
| Q1 24 | $92.9M | $523.7M |
营业利润率CHRWES
| Q4 25 | 4.6% | 21.1% | ||
| Q3 25 | 5.3% | 21.4% | ||
| Q2 25 | 5.2% | 23.4% | ||
| Q1 25 | 4.4% | 22.5% | ||
| Q4 24 | 4.4% | 11.7% | ||
| Q3 24 | 3.9% | 20.0% | ||
| Q2 24 | 4.0% | 23.8% | ||
| Q1 24 | 2.9% | 25.4% |
净利率CHRWES
| Q4 25 | 3.5% | 12.6% | ||
| Q3 25 | 3.9% | 11.5% | ||
| Q2 25 | 3.7% | 12.5% | ||
| Q1 25 | 3.3% | 13.4% | ||
| Q4 24 | 3.6% | 2.5% | ||
| Q3 24 | 2.1% | -3.8% | ||
| Q2 24 | 2.8% | 13.3% | ||
| Q1 24 | 2.1% | 15.7% |
每股收益（稀释后）CHRWES
| Q4 25 | $1.12 | $1.11 | ||
| Q3 25 | $1.34 | $0.99 | ||
| Q2 25 | $1.26 | $0.96 | ||
| Q1 25 | $1.11 | $1.50 | ||
| Q4 24 | $1.23 | $0.16 | ||
| Q3 24 | $0.80 | $-0.33 | ||
| Q2 24 | $1.05 | $0.95 | ||
| Q1 24 | $0.78 | $1.49 |
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 | $135.4M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.8B | $16.2B |
| 总资产 | $5.1B | $63.8B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资CHRWES
| Q4 25 | $160.9M | $135.4M | ||
| Q3 25 | $136.8M | $259.3M | ||
| Q2 25 | $156.0M | $343.7M | ||
| Q1 25 | $129.9M | $111.4M | ||
| Q4 24 | $145.8M | $26.7M | ||
| Q3 24 | $131.7M | $97.9M | ||
| Q2 24 | $113.2M | — | ||
| Q1 24 | $121.8M | — |
总债务CHRWES
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.7B | — |
股东权益CHRWES
| Q4 25 | $1.8B | $16.2B | ||
| Q3 25 | $1.9B | $16.0B | ||
| Q2 25 | $1.8B | $15.7B | ||
| Q1 25 | $1.7B | $15.3B | ||
| Q4 24 | $1.7B | $15.0B | ||
| Q3 24 | $1.6B | $15.0B | ||
| Q2 24 | $1.5B | $14.8B | ||
| Q1 24 | $1.4B | $14.5B |
总资产CHRWES
| Q4 25 | $5.1B | $63.8B | ||
| Q3 25 | $5.2B | $61.7B | ||
| Q2 25 | $5.3B | $61.0B | ||
| Q1 25 | $5.2B | $60.2B | ||
| Q4 24 | $5.3B | $59.6B | ||
| Q3 24 | $5.6B | $58.6B | ||
| Q2 24 | $5.5B | $58.4B | ||
| Q1 24 | $5.5B | $57.3B |
负债/权益比CHRWES
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 1.19× | — |
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 | $916.1M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $-67.3M |
| 自由现金流率自由现金流/营收 | 7.7% | -2.0% |
| 资本支出强度资本支出/营收 | 0.1% | 29.2% |
| 现金转化率经营现金流/净利润 | 2.24× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $-45.1M |
8季度趋势，按日历期对齐
经营现金流CHRWES
| Q4 25 | $305.4M | $916.1M | ||
| Q3 25 | $275.4M | $1.1B | ||
| Q2 25 | $227.1M | $1.1B | ||
| Q1 25 | $106.5M | $1.0B | ||
| Q4 24 | $267.9M | $642.1M | ||
| Q3 24 | $108.1M | $555.6M | ||
| Q2 24 | $166.4M | $670.7M | ||
| Q1 24 | $-33.3M | $291.3M |
自由现金流CHRWES
| Q4 25 | $302.4M | $-67.3M | ||
| Q3 25 | $269.5M | $-26.3M | ||
| Q2 25 | $219.8M | $15.3M | ||
| Q1 25 | $103.2M | $33.2M | ||
| Q4 24 | $265.3M | $-546.5M | ||
| Q3 24 | $103.3M | $-515.4M | ||
| Q2 24 | $159.8M | $-400.8M | ||
| Q1 24 | $-41.9M | $-858.1M |
自由现金流率CHRWES
| Q4 25 | 7.7% | -2.0% | ||
| Q3 25 | 6.5% | -0.8% | ||
| Q2 25 | 5.3% | 0.5% | ||
| Q1 25 | 2.5% | 0.8% | ||
| Q4 24 | 6.3% | -18.4% | ||
| Q3 24 | 2.2% | -16.8% | ||
| Q2 24 | 3.6% | -15.8% | ||
| Q1 24 | -1.0% | -25.7% |
资本支出强度CHRWES
| Q4 25 | 0.1% | 29.2% | ||
| Q3 25 | 0.1% | 35.0% | ||
| Q2 25 | 0.2% | 36.7% | ||
| Q1 25 | 0.1% | 24.5% | ||
| Q4 24 | 0.1% | 40.0% | ||
| Q3 24 | 0.1% | 35.0% | ||
| Q2 24 | 0.1% | 42.3% | ||
| Q1 24 | 0.2% | 34.5% |
现金转化率CHRWES
| Q4 25 | 2.24× | 2.16× | ||
| Q3 25 | 1.69× | 2.98× | ||
| Q2 25 | 1.49× | 2.98× | ||
| Q1 25 | 0.79× | 1.88× | ||
| Q4 24 | 1.79× | 8.63× | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 1.32× | 1.99× | ||
| Q1 24 | -0.36× | 0.56× |
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% |
ES
| Residential | $1.2B | 35% |
| Commercial | $789.0M | 23% |
| Eversource Electric Transmission | $573.8M | 17% |
| Wholesale Transmission Revenue | $570.0M | 17% |
| Industrial | $102.6M | 3% |
| Water Distribution Segment | $58.4M | 2% |
| Eversource Water | $56.3M | 2% |
| Other Revenue Adjustmentsfrom Contractswith Customers | $25.9M | 1% |
