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C.H. Robinson（CHRW）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.3倍（$4.0B vs $3.1B），C.H. Robinson净利率更高（3.7% vs 3.0%，领先0.7%），RYDER SYSTEM INC同比增速更快（1.0% vs -0.8%），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -5.4%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
CHRW vs R — 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
R
高出1.8%
-0.8%
净利率更高
CHRW
高出0.7%
3.0%
两年增速更快
R
近两年复合增速
-5.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.1B |
| 净利润 | $147.2M | $93.0M |
| 毛利率 | 16.1% | — |
| 营业利润率 | 3.6% | — |
| 净利率 | 3.7% | 3.0% |
| 营收同比 | -0.8% | 1.0% |
| 净利润同比 | — | -5.1% |
| 每股收益（稀释后） | — | $2.34 |
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CHRWR
| Q1 26 | $4.0B | $3.1B | ||
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $4.1B | $3.2B | ||
| Q1 25 | $4.0B | $3.1B | ||
| Q4 24 | $4.2B | $3.2B | ||
| Q3 24 | $4.6B | $3.2B | ||
| Q2 24 | $4.5B | $3.2B |
净利润CHRWR
| Q1 26 | $147.2M | $93.0M | ||
| Q4 25 | $136.3M | $132.0M | ||
| Q3 25 | $163.0M | $138.0M | ||
| Q2 25 | $152.5M | $131.0M | ||
| Q1 25 | $135.3M | $98.0M | ||
| Q4 24 | $149.3M | $135.0M | ||
| Q3 24 | $97.2M | $142.0M | ||
| Q2 24 | $126.3M | $127.0M |
毛利率CHRWR
| Q1 26 | 16.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CHRWR
| Q1 26 | 3.6% | — | ||
| Q4 25 | 4.6% | 5.6% | ||
| Q3 25 | 5.3% | 6.0% | ||
| Q2 25 | 5.2% | 5.8% | ||
| Q1 25 | 4.4% | 4.3% | ||
| Q4 24 | 4.4% | 5.7% | ||
| Q3 24 | 3.9% | 5.9% | ||
| Q2 24 | 4.0% | 5.6% |
净利率CHRWR
| Q1 26 | 3.7% | 3.0% | ||
| Q4 25 | 3.5% | 4.2% | ||
| Q3 25 | 3.9% | 4.4% | ||
| Q2 25 | 3.7% | 4.1% | ||
| Q1 25 | 3.3% | 3.1% | ||
| Q4 24 | 3.6% | 4.2% | ||
| Q3 24 | 2.1% | 4.5% | ||
| Q2 24 | 2.8% | 4.0% |
每股收益（稀释后）CHRWR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $1.12 | $3.22 | ||
| Q3 25 | $1.34 | $3.32 | ||
| Q2 25 | $1.26 | $3.13 | ||
| Q1 25 | $1.11 | $2.27 | ||
| Q4 24 | $1.23 | $3.09 | ||
| Q3 24 | $0.80 | $3.24 | ||
| Q2 24 | $1.05 | $2.84 |
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 | $159.7M | $182.0M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | — | $2.9B |
| 总资产 | $5.2B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CHRWR
| Q1 26 | $159.7M | $182.0M | ||
| Q4 25 | $160.9M | $198.0M | ||
| Q3 25 | $136.8M | $189.0M | ||
| Q2 25 | $156.0M | $180.0M | ||
| Q1 25 | $129.9M | $151.0M | ||
| Q4 24 | $145.8M | $154.0M | ||
| Q3 24 | $131.7M | $162.0M | ||
| Q2 24 | $113.2M | $164.0M |
总债务CHRWR
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $6.8B | ||
| Q3 25 | $1.2B | $7.3B | ||
| Q2 25 | $1.4B | $7.0B | ||
| Q1 25 | $1.4B | $6.7B | ||
| Q4 24 | $1.4B | $6.7B | ||
| Q3 24 | $1.6B | $6.6B | ||
| Q2 24 | $1.6B | $6.5B |
股东权益CHRWR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $1.9B | $3.1B | ||
| Q2 25 | $1.8B | $3.1B | ||
| Q1 25 | $1.7B | $3.0B | ||
| Q4 24 | $1.7B | $3.1B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.5B | $3.1B |
总资产CHRWR
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.1B | $16.4B | ||
| Q3 25 | $5.2B | $16.5B | ||
| Q2 25 | $5.3B | $16.5B | ||
| Q1 25 | $5.2B | $16.4B | ||
| Q4 24 | $5.3B | $16.7B | ||
| Q3 24 | $5.6B | $16.5B | ||
| Q2 24 | $5.5B | $16.4B |
负债/权益比CHRWR
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | 2.24× | ||
| Q3 25 | 0.64× | 2.35× | ||
| Q2 25 | 0.76× | 2.27× | ||
| Q1 25 | 0.80× | 2.21× | ||
| Q4 24 | 0.80× | 2.14× | ||
| Q3 24 | 0.95× | 2.17× | ||
| Q2 24 | 1.07× | 2.09× |
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 | $68.6M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | 0.47× | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流CHRWR
| Q1 26 | $68.6M | $583.0M | ||
| Q4 25 | $305.4M | $749.0M | ||
| Q3 25 | $275.4M | $442.0M | ||
| Q2 25 | $227.1M | $752.0M | ||
| Q1 25 | $106.5M | $651.0M | ||
| Q4 24 | $267.9M | $558.0M | ||
| Q3 24 | $108.1M | $629.0M | ||
| Q2 24 | $166.4M | $552.0M |
自由现金流CHRWR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $302.4M | $344.0M | ||
| Q3 25 | $269.5M | $-85.0M | ||
| Q2 25 | $219.8M | $63.0M | ||
| Q1 25 | $103.2M | $137.0M | ||
| Q4 24 | $265.3M | $-201.0M | ||
| Q3 24 | $103.3M | $30.0M | ||
| Q2 24 | $159.8M | $-87.0M |
自由现金流率CHRWR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 7.7% | 10.8% | ||
| Q3 25 | 6.5% | -2.7% | ||
| Q2 25 | 5.3% | 2.0% | ||
| Q1 25 | 2.5% | 4.4% | ||
| Q4 24 | 6.3% | -6.3% | ||
| Q3 24 | 2.2% | 0.9% | ||
| Q2 24 | 3.6% | -2.7% |
资本支出强度CHRWR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.1% | 12.8% | ||
| Q3 25 | 0.1% | 16.6% | ||
| Q2 25 | 0.2% | 21.6% | ||
| Q1 25 | 0.1% | 16.4% | ||
| Q4 24 | 0.1% | 23.8% | ||
| Q3 24 | 0.1% | 18.9% | ||
| Q2 24 | 0.1% | 20.1% |
现金转化率CHRWR
| Q1 26 | 0.47× | 6.27× | ||
| Q4 25 | 2.24× | 5.67× | ||
| Q3 25 | 1.69× | 3.20× | ||
| Q2 25 | 1.49× | 5.74× | ||
| Q1 25 | 0.79× | 6.64× | ||
| Q4 24 | 1.79× | 4.13× | ||
| Q3 24 | 1.11× | 4.43× | ||
| Q2 24 | 1.32× | 4.35× |
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
| Transportation | $3.6B | 91% |
| Sourcing | $369.2M | 9% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
