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C.H. Robinson（CHRW）与Optimum Communications, Inc.（OPTU）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Optimum Communications, Inc.的1.8倍（$3.9B vs $2.2B），C.H. Robinson净利率更高（3.5% vs -3.3%，领先6.7%），Optimum Communications, Inc.同比增速更快（-2.3% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $199.4M），过去两年Optimum Communications, Inc.的营收复合增速更高（-1.5% 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。
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
CHRW vs OPTU — 直观对比
营收规模更大
CHRW
是对方的1.8倍
$2.2B
营收增速更快
OPTU
高出4.2%
-6.5%
净利率更高
CHRW
高出6.7%
-3.3%
自由现金流更多
CHRW
多$103.0M
$199.4M
两年增速更快
OPTU
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.2B |
| 净利润 | $136.3M | $-71.2M |
| 毛利率 | — | 69.5% |
| 营业利润率 | 4.6% | 18.2% |
| 净利率 | 3.5% | -3.3% |
| 营收同比 | -6.5% | -2.3% |
| 净利润同比 | -8.7% | -31.6% |
| 每股收益（稀释后） | $1.12 | $-0.16 |
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CHRWOPTU
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $4.1B | $2.1B | ||
| Q2 25 | $4.1B | $2.1B | ||
| Q1 25 | $4.0B | $2.2B | ||
| Q4 24 | $4.2B | $2.2B | ||
| Q3 24 | $4.6B | $2.2B | ||
| Q2 24 | $4.5B | $2.2B | ||
| Q1 24 | $4.4B | $2.3B |
净利润CHRWOPTU
| Q4 25 | $136.3M | $-71.2M | ||
| Q3 25 | $163.0M | $-1.6B | ||
| Q2 25 | $152.5M | $-96.3M | ||
| Q1 25 | $135.3M | $-75.7M | ||
| Q4 24 | $149.3M | $-54.1M | ||
| Q3 24 | $97.2M | $-43.0M | ||
| Q2 24 | $126.3M | $15.4M | ||
| Q1 24 | $92.9M | $-21.2M |
毛利率CHRWOPTU
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.7% | ||
| Q2 25 | — | 69.1% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 67.7% | ||
| Q3 24 | — | 68.1% | ||
| Q2 24 | — | 67.9% | ||
| Q1 24 | — | 67.0% |
营业利润率CHRWOPTU
| Q4 25 | 4.6% | 18.2% | ||
| Q3 25 | 5.3% | -55.3% | ||
| Q2 25 | 5.2% | 14.5% | ||
| Q1 25 | 4.4% | 16.0% | ||
| Q4 24 | 4.4% | 15.2% | ||
| Q3 24 | 3.9% | 20.0% | ||
| Q2 24 | 4.0% | 22.4% | ||
| Q1 24 | 2.9% | 17.5% |
净利率CHRWOPTU
| Q4 25 | 3.5% | -3.3% | ||
| Q3 25 | 3.9% | -77.1% | ||
| Q2 25 | 3.7% | -4.5% | ||
| Q1 25 | 3.3% | -3.5% | ||
| Q4 24 | 3.6% | -2.4% | ||
| Q3 24 | 2.1% | -1.9% | ||
| Q2 24 | 2.8% | 0.7% | ||
| Q1 24 | 2.1% | -0.9% |
每股收益（稀释后）CHRWOPTU
| Q4 25 | $1.12 | $-0.16 | ||
| Q3 25 | $1.34 | $-3.47 | ||
| Q2 25 | $1.26 | $-0.21 | ||
| Q1 25 | $1.11 | $-0.16 | ||
| Q4 24 | $1.23 | $-0.11 | ||
| Q3 24 | $0.80 | $-0.09 | ||
| Q2 24 | $1.05 | $0.03 | ||
| Q1 24 | $0.78 | $-0.05 |
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 | $1.0B |
| 总债务越低越好 | $1.1B | $26.2B |
| 股东权益账面价值 | $1.8B | $-2.3B |
| 总资产 | $5.1B | $30.7B |
| 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CHRWOPTU
| Q4 25 | $160.9M | $1.0B | ||
| Q3 25 | $136.8M | $938.8M | ||
| Q2 25 | $156.0M | $247.3M | ||
| Q1 25 | $129.9M | $279.1M | ||
| Q4 24 | $145.8M | $256.5M | ||
| Q3 24 | $131.7M | $250.0M | ||
| Q2 24 | $113.2M | $362.1M | ||
| Q1 24 | $121.8M | $284.4M |
总债务CHRWOPTU
| Q4 25 | $1.1B | $26.2B | ||
| Q3 25 | $1.2B | $26.2B | ||
| Q2 25 | $1.4B | $25.3B | ||
| Q1 25 | $1.4B | $25.3B | ||
| Q4 24 | $1.4B | $25.1B | ||
| Q3 24 | $1.6B | $25.1B | ||
| Q2 24 | $1.6B | $25.2B | ||
| Q1 24 | $1.7B | $25.1B |
股东权益CHRWOPTU
| Q4 25 | $1.8B | $-2.3B | ||
| Q3 25 | $1.9B | $-2.2B | ||
| Q2 25 | $1.8B | $-624.1M | ||
| Q1 25 | $1.7B | $-543.0M | ||
| Q4 24 | $1.7B | $-469.2M | ||
| Q3 24 | $1.6B | $-427.1M | ||
| Q2 24 | $1.5B | $-399.1M | ||
| Q1 24 | $1.4B | $-431.2M |
总资产CHRWOPTU
| Q4 25 | $5.1B | $30.7B | ||
| Q3 25 | $5.2B | $30.7B | ||
| Q2 25 | $5.3B | $31.6B | ||
| Q1 25 | $5.2B | $31.7B | ||
| Q4 24 | $5.3B | $31.7B | ||
| Q3 24 | $5.6B | $31.8B | ||
| Q2 24 | $5.5B | $32.0B | ||
| Q1 24 | $5.5B | $31.9B |
负债/权益比CHRWOPTU
| 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 | $481.6M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $199.4M |
| 自由现金流率自由现金流/营收 | 7.7% | 9.1% |
| 资本支出强度资本支出/营收 | 0.1% | 12.9% |
| 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 | $-118.8M |
8季度趋势，按日历期对齐
经营现金流CHRWOPTU
| Q4 25 | $305.4M | $481.6M | ||
| Q3 25 | $275.4M | $147.4M | ||
| Q2 25 | $227.1M | $412.0M | ||
| Q1 25 | $106.5M | $187.5M | ||
| Q4 24 | $267.9M | $439.9M | ||
| Q3 24 | $108.1M | $436.0M | ||
| Q2 24 | $166.4M | $306.8M | ||
| Q1 24 | $-33.3M | $399.7M |
自由现金流CHRWOPTU
| Q4 25 | $302.4M | $199.4M | ||
| Q3 25 | $269.5M | $-178.1M | ||
| Q2 25 | $219.8M | $28.4M | ||
| Q1 25 | $103.2M | $-168.6M | ||
| Q4 24 | $265.3M | $49.9M | ||
| Q3 24 | $103.3M | $76.9M | ||
| Q2 24 | $159.8M | $-40.9M | ||
| Q1 24 | $-41.9M | $63.6M |
自由现金流率CHRWOPTU
| Q4 25 | 7.7% | 9.1% | ||
| Q3 25 | 6.5% | -8.4% | ||
| Q2 25 | 5.3% | 1.3% | ||
| Q1 25 | 2.5% | -7.8% | ||
| Q4 24 | 6.3% | 2.2% | ||
| Q3 24 | 2.2% | 3.5% | ||
| Q2 24 | 3.6% | -1.8% | ||
| Q1 24 | -1.0% | 2.8% |
资本支出强度CHRWOPTU
| Q4 25 | 0.1% | 12.9% | ||
| Q3 25 | 0.1% | 15.4% | ||
| Q2 25 | 0.2% | 17.9% | ||
| Q1 25 | 0.1% | 16.5% | ||
| Q4 24 | 0.1% | 17.5% | ||
| Q3 24 | 0.1% | 16.1% | ||
| Q2 24 | 0.1% | 15.5% | ||
| Q1 24 | 0.2% | 14.9% |
现金转化率CHRWOPTU
| 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× | 19.97× | ||
| 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% |
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
