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C.H. Robinson（CHRW）与United Rentals（URI）财务数据对比。点击上方公司名可切换其他公司
United Rentals的季度营收约是C.H. Robinson的1.0倍（$4.0B vs $3.9B），United Rentals净利率更高（13.3% vs 3.5%，领先9.8%），United Rentals同比增速更快（7.2% vs -6.5%），United Rentals自由现金流更多（$1.1B vs $302.4M），过去两年United Rentals的营收复合增速更高（114.0% 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。
United Rentals是美国设备租赁企业，2022年占据北美市场约16%的份额。截至2025年，该公司拥有全球规模最大的租赁车队，覆盖约4800类设备，原始设备成本总计约205.9亿美元，在全球共设1625个营业网点，业务覆盖北美、欧洲、澳大利亚及新西兰。
CHRW vs URI — 直观对比
营收规模更大
URI
是对方的1.0倍
$3.9B
营收增速更快
URI
高出13.7%
-6.5%
净利率更高
URI
高出9.8%
3.5%
自由现金流更多
URI
多$751.6M
$302.4M
两年增速更快
URI
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.0B |
| 净利润 | $136.3M | $531.0M |
| 毛利率 | — | 36.9% |
| 营业利润率 | 4.6% | 21.8% |
| 净利率 | 3.5% | 13.3% |
| 营收同比 | -6.5% | 7.2% |
| 净利润同比 | -8.7% | 2.5% |
| 每股收益（稀释后） | $1.12 | $8.43 |
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CHRWURI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.9B | $992.0M | ||
| Q3 25 | $4.1B | $938.0M | ||
| Q2 25 | $4.1B | $872.0M | ||
| Q1 25 | $4.0B | $893.0M | ||
| Q4 24 | $4.2B | $1.0B | ||
| Q3 24 | $4.6B | $874.0M | ||
| Q2 24 | $4.5B | $870.0M |
净利润CHRWURI
| Q1 26 | — | $531.0M | ||
| Q4 25 | $136.3M | $653.0M | ||
| Q3 25 | $163.0M | $701.0M | ||
| Q2 25 | $152.5M | $622.0M | ||
| Q1 25 | $135.3M | $518.0M | ||
| Q4 24 | $149.3M | $689.0M | ||
| Q3 24 | $97.2M | $708.0M | ||
| Q2 24 | $126.3M | $636.0M |
毛利率CHRWURI
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CHRWURI
| Q1 26 | — | 21.8% | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | 4.4% | 90.0% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 4.0% | — |
净利率CHRWURI
| Q1 26 | — | 13.3% | ||
| Q4 25 | 3.5% | 65.8% | ||
| Q3 25 | 3.9% | 74.7% | ||
| Q2 25 | 3.7% | 71.3% | ||
| Q1 25 | 3.3% | 58.0% | ||
| Q4 24 | 3.6% | 67.6% | ||
| Q3 24 | 2.1% | 81.0% | ||
| Q2 24 | 2.8% | 73.1% |
每股收益（稀释后）CHRWURI
| Q1 26 | — | $8.43 | ||
| Q4 25 | $1.12 | $10.20 | ||
| Q3 25 | $1.34 | $10.91 | ||
| Q2 25 | $1.26 | $9.59 | ||
| Q1 25 | $1.11 | $7.91 | ||
| Q4 24 | $1.23 | $10.41 | ||
| Q3 24 | $0.80 | $10.70 | ||
| Q2 24 | $1.05 | $9.54 |
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 | $156.0M |
| 总债务越低越好 | $1.1B | $13.9B |
| 股东权益账面价值 | $1.8B | $9.0B |
| 总资产 | $5.1B | $29.9B |
| 负债/权益比越低杠杆越低 | 0.59× | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资CHRWURI
| Q1 26 | — | $156.0M | ||
| Q4 25 | $160.9M | $459.0M | ||
| Q3 25 | $136.8M | $512.0M | ||
| Q2 25 | $156.0M | $548.0M | ||
| Q1 25 | $129.9M | $542.0M | ||
| Q4 24 | $145.8M | $457.0M | ||
| Q3 24 | $131.7M | $479.0M | ||
| Q2 24 | $113.2M | $467.0M |
总债务CHRWURI
| Q1 26 | — | $13.9B | ||
| Q4 25 | $1.1B | $12.7B | ||
| Q3 25 | $1.2B | $12.6B | ||
| Q2 25 | $1.4B | $12.1B | ||
| Q1 25 | $1.4B | $11.5B | ||
| Q4 24 | $1.4B | $12.2B | ||
| Q3 24 | $1.6B | $11.9B | ||
| Q2 24 | $1.6B | $11.5B |
股东权益CHRWURI
| Q1 26 | — | $9.0B | ||
| Q4 25 | $1.8B | $9.0B | ||
| Q3 25 | $1.9B | $9.0B | ||
| Q2 25 | $1.8B | $9.0B | ||
| Q1 25 | $1.7B | $8.8B | ||
| Q4 24 | $1.7B | $8.6B | ||
| Q3 24 | $1.6B | $8.6B | ||
| Q2 24 | $1.5B | $8.3B |
总资产CHRWURI
| Q1 26 | — | $29.9B | ||
| Q4 25 | $5.1B | $29.9B | ||
| Q3 25 | $5.2B | $30.1B | ||
| Q2 25 | $5.3B | $29.2B | ||
| Q1 25 | $5.2B | $28.1B | ||
| Q4 24 | $5.3B | $28.2B | ||
| Q3 24 | $5.6B | $28.4B | ||
| Q2 24 | $5.5B | $27.6B |
负债/权益比CHRWURI
| Q1 26 | — | 1.55× | ||
| Q4 25 | 0.59× | 1.41× | ||
| Q3 25 | 0.64× | 1.40× | ||
| Q2 25 | 0.76× | 1.34× | ||
| Q1 25 | 0.80× | 1.31× | ||
| Q4 24 | 0.80× | 1.42× | ||
| Q3 24 | 0.95× | 1.38× | ||
| Q2 24 | 1.07× | 1.39× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $1.1B |
| 自由现金流率自由现金流/营收 | 7.7% | 26.4% |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 2.24× | 2.85× |
| 过去12个月自由现金流最近4个季度 | $894.9M | — |
8季度趋势，按日历期对齐
经营现金流CHRWURI
| Q1 26 | — | $1.5B | ||
| Q4 25 | $305.4M | $1.3B | ||
| Q3 25 | $275.4M | $1.2B | ||
| Q2 25 | $227.1M | $1.3B | ||
| Q1 25 | $106.5M | $1.4B | ||
| Q4 24 | $267.9M | $1.0B | ||
| Q3 24 | $108.1M | $1.2B | ||
| Q2 24 | $166.4M | $1.3B |
自由现金流CHRWURI
| Q1 26 | — | $1.1B | ||
| Q4 25 | $302.4M | — | ||
| Q3 25 | $269.5M | — | ||
| Q2 25 | $219.8M | — | ||
| Q1 25 | $103.2M | — | ||
| Q4 24 | $265.3M | $471.0M | ||
| Q3 24 | $103.3M | $-168.0M | ||
| Q2 24 | $159.8M | $-263.0M |
自由现金流率CHRWURI
| Q1 26 | — | 26.4% | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 6.3% | 46.2% | ||
| Q3 24 | 2.2% | -19.2% | ||
| Q2 24 | 3.6% | -30.2% |
资本支出强度CHRWURI
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | 56.6% | ||
| Q3 24 | 0.1% | 157.0% | ||
| Q2 24 | 0.1% | 175.6% |
现金转化率CHRWURI
| Q1 26 | — | 2.85× | ||
| Q4 25 | 2.24× | 1.92× | ||
| Q3 25 | 1.69× | 1.68× | ||
| Q2 25 | 1.49× | 2.14× | ||
| Q1 25 | 0.79× | 2.75× | ||
| Q4 24 | 1.79× | 1.52× | ||
| Q3 24 | 1.11× | 1.70× | ||
| Q2 24 | 1.32× | 1.99× |
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% |
URI
| Equipment rentals | $3.4B | 86% |
| Sales of rental equipment | $350.0M | 9% |
| Service and other revenues | $92.0M | 2% |
| Sales of new equipment | $84.0M | 2% |
| Contractor supplies sales | $40.0M | 1% |
