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C.H. Robinson（CHRW）与J.B. Hunt（JBHT）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J.B. Hunt的1.3倍（$3.9B vs $3.1B），J.B. Hunt净利率更高（5.8% vs 3.5%，领先2.4%），J.B. Hunt同比增速更快（-1.6% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $251.3M），过去两年J.B. Hunt的营收复合增速更高（2.6% 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。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
CHRW vs JBHT — 直观对比
营收规模更大
CHRW
是对方的1.3倍
$3.1B
营收增速更快
JBHT
高出4.9%
-6.5%
净利率更高
JBHT
高出2.4%
3.5%
自由现金流更多
CHRW
多$51.1M
$251.3M
两年增速更快
JBHT
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $3.1B |
| 净利润 | $136.3M | $181.1M |
| 毛利率 | — | — |
| 营业利润率 | 4.6% | 8.0% |
| 净利率 | 3.5% | 5.8% |
| 营收同比 | -6.5% | -1.6% |
| 净利润同比 | -8.7% | 16.5% |
| 每股收益（稀释后） | $1.12 | $1.88 |
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CHRWJBHT
| Q4 25 | $3.9B | $3.1B | ||
| Q3 25 | $4.1B | $3.1B | ||
| Q2 25 | $4.1B | $2.9B | ||
| Q1 25 | $4.0B | $2.9B | ||
| Q4 24 | $4.2B | $3.1B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.5B | $2.9B | ||
| Q1 24 | $4.4B | $2.9B |
净利润CHRWJBHT
| Q4 25 | $136.3M | $181.1M | ||
| Q3 25 | $163.0M | $170.8M | ||
| Q2 25 | $152.5M | $128.6M | ||
| Q1 25 | $135.3M | $117.7M | ||
| Q4 24 | $149.3M | $155.5M | ||
| Q3 24 | $97.2M | $152.1M | ||
| Q2 24 | $126.3M | $135.9M | ||
| Q1 24 | $92.9M | $127.5M |
营业利润率CHRWJBHT
| Q4 25 | 4.6% | 8.0% | ||
| Q3 25 | 5.3% | 7.9% | ||
| Q2 25 | 5.2% | 6.7% | ||
| Q1 25 | 4.4% | 6.1% | ||
| Q4 24 | 4.4% | 6.6% | ||
| Q3 24 | 3.9% | 7.3% | ||
| Q2 24 | 4.0% | 7.0% | ||
| Q1 24 | 2.9% | 6.6% |
净利率CHRWJBHT
| Q4 25 | 3.5% | 5.8% | ||
| Q3 25 | 3.9% | 5.6% | ||
| Q2 25 | 3.7% | 4.4% | ||
| Q1 25 | 3.3% | 4.0% | ||
| Q4 24 | 3.6% | 4.9% | ||
| Q3 24 | 2.1% | 5.0% | ||
| Q2 24 | 2.8% | 4.6% | ||
| Q1 24 | 2.1% | 4.3% |
每股收益（稀释后）CHRWJBHT
| Q4 25 | $1.12 | $1.88 | ||
| Q3 25 | $1.34 | $1.76 | ||
| Q2 25 | $1.26 | $1.31 | ||
| Q1 25 | $1.11 | $1.17 | ||
| Q4 24 | $1.23 | $1.53 | ||
| Q3 24 | $0.80 | $1.49 | ||
| Q2 24 | $1.05 | $1.32 | ||
| Q1 24 | $0.78 | $1.22 |
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 | $17.3M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.8B | $3.6B |
| 总资产 | $5.1B | $7.9B |
| 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CHRWJBHT
| Q4 25 | $160.9M | $17.3M | ||
| Q3 25 | $136.8M | $52.3M | ||
| Q2 25 | $156.0M | $50.9M | ||
| Q1 25 | $129.9M | $43.4M | ||
| Q4 24 | $145.8M | $47.0M | ||
| Q3 24 | $131.7M | $120.0M | ||
| Q2 24 | $113.2M | $53.5M | ||
| Q1 24 | $121.8M | $64.2M |
总债务CHRWJBHT
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $977.7M | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.7B | $1.4B |
股东权益CHRWJBHT
| Q4 25 | $1.8B | $3.6B | ||
| Q3 25 | $1.9B | $3.6B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.7B | $3.9B | ||
| Q4 24 | $1.7B | $4.0B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.5B | $4.1B | ||
| Q1 24 | $1.4B | $4.2B |
总资产CHRWJBHT
| Q4 25 | $5.1B | $7.9B | ||
| Q3 25 | $5.2B | $8.1B | ||
| Q2 25 | $5.3B | $8.2B | ||
| Q1 25 | $5.2B | $8.3B | ||
| Q4 24 | $5.3B | $8.3B | ||
| Q3 24 | $5.6B | $8.3B | ||
| Q2 24 | $5.5B | $8.4B | ||
| Q1 24 | $5.5B | $8.4B |
负债/权益比CHRWJBHT
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.80× | 0.24× | ||
| Q3 24 | 0.95× | 0.26× | ||
| Q2 24 | 1.07× | 0.36× | ||
| Q1 24 | 1.19× | 0.33× |
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 | $385.6M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $251.3M |
| 自由现金流率自由现金流/营收 | 7.7% | 8.1% |
| 资本支出强度资本支出/营收 | 0.1% | 4.3% |
| 现金转化率经营现金流/净利润 | 2.24× | 2.13× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $947.6M |
8季度趋势，按日历期对齐
经营现金流CHRWJBHT
| Q4 25 | $305.4M | $385.6M | ||
| Q3 25 | $275.4M | $486.4M | ||
| Q2 25 | $227.1M | $402.1M | ||
| Q1 25 | $106.5M | $404.2M | ||
| Q4 24 | $267.9M | $317.6M | ||
| Q3 24 | $108.1M | $338.5M | ||
| Q2 24 | $166.4M | $360.6M | ||
| Q1 24 | $-33.3M | $466.5M |
自由现金流CHRWJBHT
| Q4 25 | $302.4M | $251.3M | ||
| Q3 25 | $269.5M | $352.4M | ||
| Q2 25 | $219.8M | $185.6M | ||
| Q1 25 | $103.2M | $158.4M | ||
| Q4 24 | $265.3M | $93.3M | ||
| Q3 24 | $103.3M | $163.1M | ||
| Q2 24 | $159.8M | $98.2M | ||
| Q1 24 | $-41.9M | $263.1M |
自由现金流率CHRWJBHT
| Q4 25 | 7.7% | 8.1% | ||
| Q3 25 | 6.5% | 11.5% | ||
| Q2 25 | 5.3% | 6.3% | ||
| Q1 25 | 2.5% | 5.4% | ||
| Q4 24 | 6.3% | 3.0% | ||
| Q3 24 | 2.2% | 5.3% | ||
| Q2 24 | 3.6% | 3.4% | ||
| Q1 24 | -1.0% | 8.9% |
资本支出强度CHRWJBHT
| Q4 25 | 0.1% | 4.3% | ||
| Q3 25 | 0.1% | 4.4% | ||
| Q2 25 | 0.2% | 7.4% | ||
| Q1 25 | 0.1% | 8.4% | ||
| Q4 24 | 0.1% | 7.1% | ||
| Q3 24 | 0.1% | 5.7% | ||
| Q2 24 | 0.1% | 9.0% | ||
| Q1 24 | 0.2% | 6.9% |
现金转化率CHRWJBHT
| Q4 25 | 2.24× | 2.13× | ||
| Q3 25 | 1.69× | 2.85× | ||
| Q2 25 | 1.49× | 3.13× | ||
| Q1 25 | 0.79× | 3.43× | ||
| Q4 24 | 1.79× | 2.04× | ||
| Q3 24 | 1.11× | 2.23× | ||
| Q2 24 | 1.32× | 2.65× | ||
| Q1 24 | -0.36× | 3.66× |
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% |
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
