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C.H. Robinson（CHRW）与Old Dominion（ODFL）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Old Dominion的3.0倍（$3.9B vs $1.3B），Old Dominion净利率更高（17.6% vs 3.5%，领先14.1%），Old Dominion同比增速更快（-5.7% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $264.5M），过去两年Old Dominion的营收复合增速更高（-5.4% 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。
Old Dominion Freight Line（简称ODFL）是美国领先的零担货运企业，服务覆盖区域、跨区域及全国范围。除核心零担货运业务外，公司还提供加急运输、综合物流及家庭搬家服务，拥有成熟的运营网络，可满足不同客户的多元运输需求。
CHRW vs ODFL — 直观对比
营收规模更大
CHRW
是对方的3.0倍
$1.3B
营收增速更快
ODFL
高出0.8%
-6.5%
净利率更高
ODFL
高出14.1%
3.5%
自由现金流更多
CHRW
多$37.9M
$264.5M
两年增速更快
ODFL
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $1.3B |
| 净利润 | $136.3M | $229.5M |
| 毛利率 | — | — |
| 营业利润率 | 4.6% | 23.3% |
| 净利率 | 3.5% | 17.6% |
| 营收同比 | -6.5% | -5.7% |
| 净利润同比 | -8.7% | -12.8% |
| 每股收益（稀释后） | $1.12 | $1.10 |
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CHRWODFL
| Q4 25 | $3.9B | $1.3B | ||
| Q3 25 | $4.1B | $1.4B | ||
| Q2 25 | $4.1B | $1.4B | ||
| Q1 25 | $4.0B | $1.4B | ||
| Q4 24 | $4.2B | $1.4B | ||
| Q3 24 | $4.6B | $1.5B | ||
| Q2 24 | $4.5B | $1.5B | ||
| Q1 24 | $4.4B | $1.5B |
净利润CHRWODFL
| Q4 25 | $136.3M | $229.5M | ||
| Q3 25 | $163.0M | $270.9M | ||
| Q2 25 | $152.5M | $268.6M | ||
| Q1 25 | $135.3M | $254.7M | ||
| Q4 24 | $149.3M | $263.1M | ||
| Q3 24 | $97.2M | $308.6M | ||
| Q2 24 | $126.3M | $322.0M | ||
| Q1 24 | $92.9M | $292.3M |
营业利润率CHRWODFL
| Q4 25 | 4.6% | 23.3% | ||
| Q3 25 | 5.3% | 25.7% | ||
| Q2 25 | 5.2% | 25.4% | ||
| Q1 25 | 4.4% | 24.6% | ||
| Q4 24 | 4.4% | 24.1% | ||
| Q3 24 | 3.9% | 27.3% | ||
| Q2 24 | 4.0% | 28.1% | ||
| Q1 24 | 2.9% | 26.5% |
净利率CHRWODFL
| Q4 25 | 3.5% | 17.6% | ||
| Q3 25 | 3.9% | 19.3% | ||
| Q2 25 | 3.7% | 19.1% | ||
| Q1 25 | 3.3% | 18.5% | ||
| Q4 24 | 3.6% | 19.0% | ||
| Q3 24 | 2.1% | 21.0% | ||
| Q2 24 | 2.8% | 21.5% | ||
| Q1 24 | 2.1% | 20.0% |
每股收益（稀释后）CHRWODFL
| Q4 25 | $1.12 | $1.10 | ||
| Q3 25 | $1.34 | $1.28 | ||
| Q2 25 | $1.26 | $1.27 | ||
| Q1 25 | $1.11 | $1.19 | ||
| Q4 24 | $1.23 | $1.23 | ||
| Q3 24 | $0.80 | $1.43 | ||
| Q2 24 | $1.05 | $1.48 | ||
| Q1 24 | $0.78 | $1.34 |
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 | $120.1M |
| 总债务越低越好 | $1.1B | $20.0M |
| 股东权益账面价值 | $1.8B | $4.3B |
| 总资产 | $5.1B | $5.5B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CHRWODFL
| Q4 25 | $160.9M | $120.1M | ||
| Q3 25 | $136.8M | $46.6M | ||
| Q2 25 | $156.0M | $24.1M | ||
| Q1 25 | $129.9M | $97.2M | ||
| Q4 24 | $145.8M | $108.7M | ||
| Q3 24 | $131.7M | $74.2M | ||
| Q2 24 | $113.2M | $104.6M | ||
| Q1 24 | $121.8M | $581.0M |
总债务CHRWODFL
| Q4 25 | $1.1B | $20.0M | ||
| Q3 25 | $1.2B | $65.0M | ||
| Q2 25 | $1.4B | $150.0M | ||
| Q1 25 | $1.4B | $40.0M | ||
| Q4 24 | $1.4B | $40.0M | ||
| Q3 24 | $1.6B | $40.0M | ||
| Q2 24 | $1.6B | $40.0M | ||
| Q1 24 | $1.7B | $60.0M |
股东权益CHRWODFL
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $1.9B | $4.3B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.7B | $4.2B | ||
| Q4 24 | $1.7B | $4.2B | ||
| Q3 24 | $1.6B | $4.2B | ||
| Q2 24 | $1.5B | $4.1B | ||
| Q1 24 | $1.4B | $4.4B |
总资产CHRWODFL
| Q4 25 | $5.1B | $5.5B | ||
| Q3 25 | $5.2B | $5.5B | ||
| Q2 25 | $5.3B | $5.6B | ||
| Q1 25 | $5.2B | $5.5B | ||
| Q4 24 | $5.3B | $5.5B | ||
| Q3 24 | $5.6B | $5.4B | ||
| Q2 24 | $5.5B | $5.3B | ||
| Q1 24 | $5.5B | $5.7B |
负债/权益比CHRWODFL
| Q4 25 | 0.59× | 0.00× | ||
| Q3 25 | 0.64× | 0.02× | ||
| Q2 25 | 0.76× | 0.04× | ||
| Q1 25 | 0.80× | 0.01× | ||
| Q4 24 | 0.80× | 0.01× | ||
| Q3 24 | 0.95× | 0.01× | ||
| Q2 24 | 1.07× | 0.01× | ||
| Q1 24 | 1.19× | 0.01× |
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 | $310.3M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $264.5M |
| 自由现金流率自由现金流/营收 | 7.7% | 20.2% |
| 资本支出强度资本支出/营收 | 0.1% | 3.5% |
| 现金转化率经营现金流/净利润 | 2.24× | 1.35× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $955.1M |
8季度趋势，按日历期对齐
经营现金流CHRWODFL
| Q4 25 | $305.4M | $310.3M | ||
| Q3 25 | $275.4M | $437.5M | ||
| Q2 25 | $227.1M | $285.8M | ||
| Q1 25 | $106.5M | $336.5M | ||
| Q4 24 | $267.9M | $401.1M | ||
| Q3 24 | $108.1M | $446.5M | ||
| Q2 24 | $166.4M | $387.9M | ||
| Q1 24 | $-33.3M | $423.9M |
自由现金流CHRWODFL
| Q4 25 | $302.4M | $264.5M | ||
| Q3 25 | $269.5M | $343.5M | ||
| Q2 25 | $219.8M | $98.7M | ||
| Q1 25 | $103.2M | $248.4M | ||
| Q4 24 | $265.3M | $230.1M | ||
| Q3 24 | $103.3M | $203.7M | ||
| Q2 24 | $159.8M | $149.7M | ||
| Q1 24 | $-41.9M | $304.4M |
自由现金流率CHRWODFL
| Q4 25 | 7.7% | 20.2% | ||
| Q3 25 | 6.5% | 24.4% | ||
| Q2 25 | 5.3% | 7.0% | ||
| Q1 25 | 2.5% | 18.1% | ||
| Q4 24 | 6.3% | 16.6% | ||
| Q3 24 | 2.2% | 13.9% | ||
| Q2 24 | 3.6% | 10.0% | ||
| Q1 24 | -1.0% | 20.8% |
资本支出强度CHRWODFL
| Q4 25 | 0.1% | 3.5% | ||
| Q3 25 | 0.1% | 6.7% | ||
| Q2 25 | 0.2% | 13.3% | ||
| Q1 25 | 0.1% | 6.4% | ||
| Q4 24 | 0.1% | 12.3% | ||
| Q3 24 | 0.1% | 16.5% | ||
| Q2 24 | 0.1% | 15.9% | ||
| Q1 24 | 0.2% | 8.2% |
现金转化率CHRWODFL
| Q4 25 | 2.24× | 1.35× | ||
| Q3 25 | 1.69× | 1.61× | ||
| Q2 25 | 1.49× | 1.06× | ||
| Q1 25 | 0.79× | 1.32× | ||
| Q4 24 | 1.79× | 1.52× | ||
| Q3 24 | 1.11× | 1.45× | ||
| Q2 24 | 1.32× | 1.20× | ||
| Q1 24 | -0.36× | 1.45× |
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% |
ODFL
| LTL Service Revenue | $1.3B | 99% |
| Other Service Revenue | $11.4M | 1% |
