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C.H. Robinson（CHRW）与PPL Corporation（PPL）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PPL Corporation的1.7倍（$3.9B vs $2.3B），PPL Corporation净利率更高（11.3% vs 3.5%，领先7.8%），PPL Corporation同比增速更快（7.2% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% 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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
CHRW vs PPL — 直观对比
营收规模更大
CHRW
是对方的1.7倍
$2.3B
营收增速更快
PPL
高出13.7%
-6.5%
净利率更高
PPL
高出7.8%
3.5%
自由现金流更多
CHRW
多$916.4M
$-614.0M
两年增速更快
PPL
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.3B |
| 净利润 | $136.3M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.6% | 20.3% |
| 净利率 | 3.5% | 11.3% |
| 营收同比 | -6.5% | 7.2% |
| 净利润同比 | -8.7% | 50.3% |
| 每股收益（稀释后） | $1.12 | $0.35 |
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CHRWPPL
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $4.1B | $2.2B | ||
| Q2 25 | $4.1B | $2.0B | ||
| Q1 25 | $4.0B | $2.5B | ||
| Q4 24 | $4.2B | $2.2B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $1.9B | ||
| Q1 24 | $4.4B | $2.3B |
净利润CHRWPPL
| Q4 25 | $136.3M | $266.0M | ||
| Q3 25 | $163.0M | $318.0M | ||
| Q2 25 | $152.5M | $183.0M | ||
| Q1 25 | $135.3M | $414.0M | ||
| Q4 24 | $149.3M | $177.0M | ||
| Q3 24 | $97.2M | $214.0M | ||
| Q2 24 | $126.3M | $190.0M | ||
| Q1 24 | $92.9M | $307.0M |
营业利润率CHRWPPL
| Q4 25 | 4.6% | 20.3% | ||
| Q3 25 | 5.3% | 25.4% | ||
| Q2 25 | 5.2% | 19.9% | ||
| Q1 25 | 4.4% | 26.6% | ||
| Q4 24 | 4.4% | 17.2% | ||
| Q3 24 | 3.9% | 20.6% | ||
| Q2 24 | 4.0% | 20.8% | ||
| Q1 24 | 2.9% | 23.7% |
净利率CHRWPPL
| Q4 25 | 3.5% | 11.3% | ||
| Q3 25 | 3.9% | 14.2% | ||
| Q2 25 | 3.7% | 9.0% | ||
| Q1 25 | 3.3% | 16.3% | ||
| Q4 24 | 3.6% | 8.1% | ||
| Q3 24 | 2.1% | 10.3% | ||
| Q2 24 | 2.8% | 10.1% | ||
| Q1 24 | 2.1% | 13.3% |
每股收益（稀释后）CHRWPPL
| Q4 25 | $1.12 | $0.35 | ||
| Q3 25 | $1.34 | $0.43 | ||
| Q2 25 | $1.26 | $0.25 | ||
| Q1 25 | $1.11 | $0.56 | ||
| Q4 24 | $1.23 | $0.23 | ||
| Q3 24 | $0.80 | $0.29 | ||
| Q2 24 | $1.05 | $0.26 | ||
| Q1 24 | $0.78 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | $1.1B | $18.9B |
| 股东权益账面价值 | $1.8B | $14.9B |
| 总资产 | $5.1B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.59× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资CHRWPPL
| Q4 25 | $160.9M | $1.1B | ||
| Q3 25 | $136.8M | $1.1B | ||
| Q2 25 | $156.0M | $294.0M | ||
| Q1 25 | $129.9M | $312.0M | ||
| Q4 24 | $145.8M | $306.0M | ||
| Q3 24 | $131.7M | $542.0M | ||
| Q2 24 | $113.2M | $282.0M | ||
| Q1 24 | $121.8M | $276.0M |
总债务CHRWPPL
| Q4 25 | $1.1B | $18.9B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $16.5B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.7B | — |
股东权益CHRWPPL
| Q4 25 | $1.8B | $14.9B | ||
| Q3 25 | $1.9B | $14.4B | ||
| Q2 25 | $1.8B | $14.3B | ||
| Q1 25 | $1.7B | $14.3B | ||
| Q4 24 | $1.7B | $14.1B | ||
| Q3 24 | $1.6B | $14.1B | ||
| Q2 24 | $1.5B | $14.1B | ||
| Q1 24 | $1.4B | $14.1B |
总资产CHRWPPL
| Q4 25 | $5.1B | $45.2B | ||
| Q3 25 | $5.2B | $43.9B | ||
| Q2 25 | $5.3B | $42.4B | ||
| Q1 25 | $5.2B | $41.8B | ||
| Q4 24 | $5.3B | $41.1B | ||
| Q3 24 | $5.6B | $40.5B | ||
| Q2 24 | $5.5B | $39.8B | ||
| Q1 24 | $5.5B | $39.6B |
负债/权益比CHRWPPL
| Q4 25 | 0.59× | 1.27× | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.80× | 1.17× | ||
| 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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $-614.0M |
| 自由现金流率自由现金流/营收 | 7.7% | -26.1% |
| 资本支出强度资本支出/营收 | 0.1% | 49.5% |
| 现金转化率经营现金流/净利润 | 2.24× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流CHRWPPL
| Q4 25 | $305.4M | $548.0M | ||
| Q3 25 | $275.4M | $966.0M | ||
| Q2 25 | $227.1M | $602.0M | ||
| Q1 25 | $106.5M | $513.0M | ||
| Q4 24 | $267.9M | $511.0M | ||
| Q3 24 | $108.1M | $781.0M | ||
| Q2 24 | $166.4M | $766.0M | ||
| Q1 24 | $-33.3M | $282.0M |
自由现金流CHRWPPL
| Q4 25 | $302.4M | $-614.0M | ||
| Q3 25 | $269.5M | $-179.0M | ||
| Q2 25 | $219.8M | $-328.0M | ||
| Q1 25 | $103.2M | $-280.0M | ||
| Q4 24 | $265.3M | $-349.0M | ||
| Q3 24 | $103.3M | $102.0M | ||
| Q2 24 | $159.8M | $96.0M | ||
| Q1 24 | $-41.9M | $-314.0M |
自由现金流率CHRWPPL
| Q4 25 | 7.7% | -26.1% | ||
| Q3 25 | 6.5% | -8.0% | ||
| Q2 25 | 5.3% | -16.1% | ||
| Q1 25 | 2.5% | -11.0% | ||
| Q4 24 | 6.3% | -15.9% | ||
| Q3 24 | 2.2% | 4.9% | ||
| Q2 24 | 3.6% | 5.1% | ||
| Q1 24 | -1.0% | -13.6% |
资本支出强度CHRWPPL
| Q4 25 | 0.1% | 49.5% | ||
| Q3 25 | 0.1% | 51.2% | ||
| Q2 25 | 0.2% | 45.6% | ||
| Q1 25 | 0.1% | 31.2% | ||
| Q4 24 | 0.1% | 39.3% | ||
| Q3 24 | 0.1% | 32.7% | ||
| Q2 24 | 0.1% | 35.8% | ||
| Q1 24 | 0.2% | 25.9% |
现金转化率CHRWPPL
| Q4 25 | 2.24× | 2.06× | ||
| Q3 25 | 1.69× | 3.04× | ||
| Q2 25 | 1.49× | 3.29× | ||
| Q1 25 | 0.79× | 1.24× | ||
| Q4 24 | 1.79× | 2.89× | ||
| Q3 24 | 1.11× | 3.65× | ||
| Q2 24 | 1.32× | 4.03× | ||
| Q1 24 | -0.36× | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
