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C.H. Robinson（CHRW）与MARKEL GROUP INC.（MKL）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MARKEL GROUP INC.的1.1倍（$3.9B vs $3.6B），MARKEL GROUP INC.净利率更高（16.1% vs 3.5%，领先12.6%），C.H. Robinson同比增速更快（-6.5% vs -6.9%），MARKEL GROUP INC.自由现金流更多（$599.1M vs $302.4M），过去两年C.H. Robinson的营收复合增速更高（-5.8% vs -10.5%）
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。
Markel集团是总部位于美国弗吉尼亚州里士满的综合性企业集团，1930年最初以保险公司的身份创立，发展至今业务已覆盖保险承保、投资管理等多个板块，在全球相关行业拥有较高的市场知名度与稳定的合作网络。
CHRW vs MKL — 直观对比
营收规模更大
CHRW
是对方的1.1倍
$3.6B
营收增速更快
CHRW
高出0.4%
-6.9%
净利率更高
MKL
高出12.6%
3.5%
自由现金流更多
MKL
多$296.7M
$302.4M
两年增速更快
CHRW
近两年复合增速
-10.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $3.6B |
| 净利润 | $136.3M | $576.8M |
| 毛利率 | — | — |
| 营业利润率 | 4.6% | 22.2% |
| 净利率 | 3.5% | 16.1% |
| 营收同比 | -6.5% | -6.9% |
| 净利润同比 | -8.7% | 5.0% |
| 每股收益（稀释后） | $1.12 | $48.22 |
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CHRWMKL
| Q4 25 | $3.9B | $3.6B | ||
| Q3 25 | $4.1B | $3.9B | ||
| Q2 25 | $4.1B | $4.6B | ||
| Q1 25 | $4.0B | $3.4B | ||
| Q4 24 | $4.2B | $3.8B | ||
| Q3 24 | $4.6B | $4.6B | ||
| Q2 24 | $4.5B | $3.7B | ||
| Q1 24 | $4.4B | $4.5B |
净利润CHRWMKL
| Q4 25 | $136.3M | $576.8M | ||
| Q3 25 | $163.0M | $751.3M | ||
| Q2 25 | $152.5M | $657.1M | ||
| Q1 25 | $135.3M | $121.7M | ||
| Q4 24 | $149.3M | $549.2M | ||
| Q3 24 | $97.2M | $905.0M | ||
| Q2 24 | $126.3M | $267.7M | ||
| Q1 24 | $92.9M | $1.0B |
营业利润率CHRWMKL
| Q4 25 | 4.6% | 22.2% | ||
| Q3 25 | 5.3% | 25.7% | ||
| Q2 25 | 5.2% | 24.1% | ||
| Q1 25 | 4.4% | 8.3% | ||
| Q4 24 | 4.4% | 15.5% | ||
| Q3 24 | 3.9% | 29.7% | ||
| Q2 24 | 4.0% | 11.1% | ||
| Q1 24 | 2.9% | 29.9% |
净利率CHRWMKL
| Q4 25 | 3.5% | 16.1% | ||
| Q3 25 | 3.9% | 19.1% | ||
| Q2 25 | 3.7% | 14.3% | ||
| Q1 25 | 3.3% | 3.6% | ||
| Q4 24 | 3.6% | 14.3% | ||
| Q3 24 | 2.1% | 19.6% | ||
| Q2 24 | 2.8% | 7.2% | ||
| Q1 24 | 2.1% | 23.0% |
每股收益（稀释后）CHRWMKL
| Q4 25 | $1.12 | $48.22 | ||
| Q3 25 | $1.34 | $59.25 | ||
| Q2 25 | $1.26 | $49.67 | ||
| Q1 25 | $1.11 | $12.08 | ||
| Q4 24 | $1.23 | $39.02 | ||
| Q3 24 | $0.80 | $66.25 | ||
| Q2 24 | $1.05 | $18.62 | ||
| Q1 24 | $0.78 | $75.43 |
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 | $4.0B |
| 总债务越低越好 | $1.1B | $4.3B |
| 股东权益账面价值 | $1.8B | $18.6B |
| 总资产 | $5.1B | $68.9B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资CHRWMKL
| Q4 25 | $160.9M | $4.0B | ||
| Q3 25 | $136.8M | $4.0B | ||
| Q2 25 | $156.0M | $3.7B | ||
| Q1 25 | $129.9M | $4.2B | ||
| Q4 24 | $145.8M | $3.7B | ||
| Q3 24 | $131.7M | $3.9B | ||
| Q2 24 | $113.2M | $3.5B | ||
| Q1 24 | $121.8M | $3.6B |
总债务CHRWMKL
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $1.2B | $4.3B | ||
| Q2 25 | $1.4B | $4.4B | ||
| Q1 25 | $1.4B | $4.4B | ||
| Q4 24 | $1.4B | $4.3B | ||
| Q3 24 | $1.6B | $4.4B | ||
| Q2 24 | $1.6B | $4.4B | ||
| Q1 24 | $1.7B | $3.9B |
股东权益CHRWMKL
| Q4 25 | $1.8B | $18.6B | ||
| Q3 25 | $1.9B | $18.0B | ||
| Q2 25 | $1.8B | $17.3B | ||
| Q1 25 | $1.7B | $17.1B | ||
| Q4 24 | $1.7B | $16.9B | ||
| Q3 24 | $1.6B | $17.0B | ||
| Q2 24 | $1.5B | $15.9B | ||
| Q1 24 | $1.4B | $15.7B |
总资产CHRWMKL
| Q4 25 | $5.1B | $68.9B | ||
| Q3 25 | $5.2B | $67.4B | ||
| Q2 25 | $5.3B | $66.8B | ||
| Q1 25 | $5.2B | $64.6B | ||
| Q4 24 | $5.3B | $61.9B | ||
| Q3 24 | $5.6B | $62.3B | ||
| Q2 24 | $5.5B | $59.7B | ||
| Q1 24 | $5.5B | $57.3B |
负债/权益比CHRWMKL
| Q4 25 | 0.59× | 0.23× | ||
| Q3 25 | 0.64× | 0.24× | ||
| Q2 25 | 0.76× | 0.25× | ||
| Q1 25 | 0.80× | 0.26× | ||
| Q4 24 | 0.80× | 0.26× | ||
| Q3 24 | 0.95× | 0.26× | ||
| Q2 24 | 1.07× | 0.28× | ||
| Q1 24 | 1.19× | 0.25× |
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 | $662.2M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $599.1M |
| 自由现金流率自由现金流/营收 | 7.7% | 16.7% |
| 资本支出强度资本支出/营收 | 0.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 2.24× | 1.15× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $2.6B |
8季度趋势，按日历期对齐
经营现金流CHRWMKL
| Q4 25 | $305.4M | $662.2M | ||
| Q3 25 | $275.4M | $1.2B | ||
| Q2 25 | $227.1M | $504.4M | ||
| Q1 25 | $106.5M | $376.2M | ||
| Q4 24 | $267.9M | $493.9M | ||
| Q3 24 | $108.1M | $890.8M | ||
| Q2 24 | $166.4M | $578.6M | ||
| Q1 24 | $-33.3M | $630.7M |
自由现金流CHRWMKL
| Q4 25 | $302.4M | $599.1M | ||
| Q3 25 | $269.5M | $1.2B | ||
| Q2 25 | $219.8M | $453.8M | ||
| Q1 25 | $103.2M | $335.5M | ||
| Q4 24 | $265.3M | $420.0M | ||
| Q3 24 | $103.3M | $838.9M | ||
| Q2 24 | $159.8M | $521.4M | ||
| Q1 24 | $-41.9M | $558.7M |
自由现金流率CHRWMKL
| Q4 25 | 7.7% | 16.7% | ||
| Q3 25 | 6.5% | 29.6% | ||
| Q2 25 | 5.3% | 9.9% | ||
| Q1 25 | 2.5% | 9.9% | ||
| Q4 24 | 6.3% | 10.9% | ||
| Q3 24 | 2.2% | 18.2% | ||
| Q2 24 | 3.6% | 14.1% | ||
| Q1 24 | -1.0% | 12.5% |
资本支出强度CHRWMKL
| Q4 25 | 0.1% | 1.8% | ||
| Q3 25 | 0.1% | 1.3% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.1% | 1.9% | ||
| Q3 24 | 0.1% | 1.1% | ||
| Q2 24 | 0.1% | 1.5% | ||
| Q1 24 | 0.2% | 1.6% |
现金转化率CHRWMKL
| Q4 25 | 2.24× | 1.15× | ||
| Q3 25 | 1.69× | 1.62× | ||
| Q2 25 | 1.49× | 0.77× | ||
| Q1 25 | 0.79× | 3.09× | ||
| Q4 24 | 1.79× | 0.90× | ||
| Q3 24 | 1.11× | 0.98× | ||
| Q2 24 | 1.32× | 2.16× | ||
| Q1 24 | -0.36× | 0.62× |
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% |
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
