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C.H. Robinson（CHRW）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是C.H. Robinson的1.1倍（$4.4B vs $3.9B），标普全球净利率更高（26.8% vs 3.5%，领先23.3%），标普全球同比增速更快（191.7% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% 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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
CHRW vs VG — 直观对比
营收规模更大
VG
是对方的1.1倍
$3.9B
营收增速更快
VG
高出198.2%
-6.5%
净利率更高
VG
高出23.3%
3.5%
自由现金流更多
CHRW
多$1.8B
$-1.5B
两年增速更快
VG
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.4B |
| 净利润 | $136.3M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 4.6% | 38.7% |
| 净利率 | 3.5% | 26.8% |
| 营收同比 | -6.5% | 191.7% |
| 净利润同比 | -8.7% | 20.3% |
| 每股收益（稀释后） | $1.12 | $0.41 |
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CHRWVG
| Q4 25 | $3.9B | $4.4B | ||
| Q3 25 | $4.1B | $3.3B | ||
| Q2 25 | $4.1B | $3.1B | ||
| Q1 25 | $4.0B | $2.9B | ||
| Q4 24 | $4.2B | $1.5B | ||
| Q3 24 | $4.6B | $926.0M | ||
| Q2 24 | $4.5B | $1.1B | ||
| Q1 24 | $4.4B | $1.4B |
净利润CHRWVG
| Q4 25 | $136.3M | $1.2B | ||
| Q3 25 | $163.0M | $550.0M | ||
| Q2 25 | $152.5M | $475.0M | ||
| Q1 25 | $135.3M | $517.0M | ||
| Q4 24 | $149.3M | $990.0M | ||
| Q3 24 | $97.2M | $-294.0M | ||
| Q2 24 | $126.3M | $352.0M | ||
| Q1 24 | $92.9M | $698.0M |
营业利润率CHRWVG
| Q4 25 | 4.6% | 38.7% | ||
| Q3 25 | 5.3% | 39.7% | ||
| Q2 25 | 5.2% | 33.5% | ||
| Q1 25 | 4.4% | 37.3% | ||
| Q4 24 | 4.4% | 39.0% | ||
| Q3 24 | 3.9% | 20.4% | ||
| Q2 24 | 4.0% | 32.8% | ||
| Q1 24 | 2.9% | 43.6% |
净利率CHRWVG
| Q4 25 | 3.5% | 26.8% | ||
| Q3 25 | 3.9% | 16.5% | ||
| Q2 25 | 3.7% | 15.3% | ||
| Q1 25 | 3.3% | 17.9% | ||
| Q4 24 | 3.6% | 65.0% | ||
| Q3 24 | 2.1% | -31.7% | ||
| Q2 24 | 2.8% | 31.8% | ||
| Q1 24 | 2.1% | 49.4% |
每股收益（稀释后）CHRWVG
| Q4 25 | $1.12 | $0.41 | ||
| Q3 25 | $1.34 | $0.16 | ||
| Q2 25 | $1.26 | $0.14 | ||
| Q1 25 | $1.11 | $0.15 | ||
| Q4 24 | $1.23 | $0.35 | ||
| Q3 24 | $0.80 | $-0.15 | ||
| Q2 24 | $1.05 | $0.12 | ||
| Q1 24 | $0.78 | $0.25 |
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 | $2.4B |
| 总债务越低越好 | $1.1B | $34.2B |
| 股东权益账面价值 | $1.8B | $6.7B |
| 总资产 | $5.1B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.59× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资CHRWVG
| Q4 25 | $160.9M | $2.4B | ||
| Q3 25 | $136.8M | $1.9B | ||
| Q2 25 | $156.0M | $2.2B | ||
| Q1 25 | $129.9M | $3.6B | ||
| Q4 24 | $145.8M | $3.6B | ||
| Q3 24 | $131.7M | — | ||
| Q2 24 | $113.2M | — | ||
| Q1 24 | $121.8M | — |
总债务CHRWVG
| Q4 25 | $1.1B | $34.2B | ||
| Q3 25 | $1.2B | $32.6B | ||
| Q2 25 | $1.4B | $30.0B | ||
| Q1 25 | $1.4B | $29.3B | ||
| Q4 24 | $1.4B | $29.3B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.7B | — |
股东权益CHRWVG
| Q4 25 | $1.8B | $6.7B | ||
| Q3 25 | $1.9B | $5.7B | ||
| Q2 25 | $1.8B | $5.3B | ||
| Q1 25 | $1.7B | $4.9B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
总资产CHRWVG
| Q4 25 | $5.1B | $53.4B | ||
| Q3 25 | $5.2B | $50.1B | ||
| Q2 25 | $5.3B | $46.5B | ||
| Q1 25 | $5.2B | $45.1B | ||
| Q4 24 | $5.3B | $43.5B | ||
| Q3 24 | $5.6B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
负债/权益比CHRWVG
| Q4 25 | 0.59× | 5.07× | ||
| Q3 25 | 0.64× | 5.73× | ||
| Q2 25 | 0.76× | 5.69× | ||
| Q1 25 | 0.80× | 6.01× | ||
| Q4 24 | 0.80× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $-1.5B |
| 自由现金流率自由现金流/营收 | 7.7% | -34.1% |
| 资本支出强度资本支出/营收 | 0.1% | 81.6% |
| 现金转化率经营现金流/净利润 | 2.24× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $-6.8B |
8季度趋势，按日历期对齐
经营现金流CHRWVG
| Q4 25 | $305.4M | $2.1B | ||
| Q3 25 | $275.4M | $1.9B | ||
| Q2 25 | $227.1M | $1.5B | ||
| Q1 25 | $106.5M | $1.1B | ||
| Q4 24 | $267.9M | — | ||
| Q3 24 | $108.1M | — | ||
| Q2 24 | $166.4M | — | ||
| Q1 24 | $-33.3M | $638.0M |
自由现金流CHRWVG
| Q4 25 | $302.4M | $-1.5B | ||
| Q3 25 | $269.5M | $-1.4B | ||
| Q2 25 | $219.8M | $-1.5B | ||
| Q1 25 | $103.2M | $-2.4B | ||
| Q4 24 | $265.3M | — | ||
| Q3 24 | $103.3M | — | ||
| Q2 24 | $159.8M | — | ||
| Q1 24 | $-41.9M | $-2.4B |
自由现金流率CHRWVG
| Q4 25 | 7.7% | -34.1% | ||
| Q3 25 | 6.5% | -42.4% | ||
| Q2 25 | 5.3% | -49.1% | ||
| Q1 25 | 2.5% | -81.3% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | -1.0% | -167.3% |
资本支出强度CHRWVG
| Q4 25 | 0.1% | 81.6% | ||
| Q3 25 | 0.1% | 98.9% | ||
| Q2 25 | 0.2% | 96.1% | ||
| Q1 25 | 0.1% | 119.8% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.2% | 212.4% |
现金转化率CHRWVG
| Q4 25 | 2.24× | 1.77× | ||
| Q3 25 | 1.69× | 3.42× | ||
| Q2 25 | 1.49× | 3.07× | ||
| Q1 25 | 0.79× | 2.15× | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | 1.11× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | -0.36× | 0.91× |
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
