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C.H. Robinson（CHRW）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
C.H. Robinson的季度营收约是捷迈邦美的1.9倍（$3.9B vs $2.1B），捷迈邦美净利率更高（11.4% vs 3.5%，领先7.9%），捷迈邦美同比增速更快（9.3% vs -6.5%），C.H. Robinson自由现金流更多（$302.4M vs $245.9M），过去两年捷迈邦美的营收复合增速更高（3.7% 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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
CHRW vs ZBH — 直观对比
营收规模更大
CHRW
是对方的1.9倍
$2.1B
营收增速更快
ZBH
高出15.8%
-6.5%
净利率更高
ZBH
高出7.9%
3.5%
自由现金流更多
CHRW
多$56.5M
$245.9M
两年增速更快
ZBH
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $2.1B |
| 净利润 | $136.3M | $238.3M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 4.6% | 17.9% |
| 净利率 | 3.5% | 11.4% |
| 营收同比 | -6.5% | 9.3% |
| 净利润同比 | -8.7% | 30.5% |
| 每股收益（稀释后） | $1.12 | $1.22 |
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CHRWZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $4.1B | $2.0B | ||
| Q2 25 | $4.1B | $2.1B | ||
| Q1 25 | $4.0B | $1.9B | ||
| Q4 24 | $4.2B | $2.0B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.5B | $1.9B |
净利润CHRWZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $136.3M | $139.4M | ||
| Q3 25 | $163.0M | $230.9M | ||
| Q2 25 | $152.5M | $152.8M | ||
| Q1 25 | $135.3M | $182.0M | ||
| Q4 24 | $149.3M | $239.5M | ||
| Q3 24 | $97.2M | $249.1M | ||
| Q2 24 | $126.3M | $242.8M |
毛利率CHRWZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 72.1% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 71.2% | ||
| Q4 24 | — | 71.0% | ||
| Q3 24 | — | 70.5% | ||
| Q2 24 | — | 71.5% |
营业利润率CHRWZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 4.6% | 6.9% | ||
| Q3 25 | 5.3% | 17.6% | ||
| Q2 25 | 5.2% | 14.4% | ||
| Q1 25 | 4.4% | 15.3% | ||
| Q4 24 | 4.4% | 19.2% | ||
| Q3 24 | 3.9% | 15.3% | ||
| Q2 24 | 4.0% | 18.1% |
净利率CHRWZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 3.5% | 6.2% | ||
| Q3 25 | 3.9% | 11.5% | ||
| Q2 25 | 3.7% | 7.4% | ||
| Q1 25 | 3.3% | 9.5% | ||
| Q4 24 | 3.6% | 11.8% | ||
| Q3 24 | 2.1% | 13.7% | ||
| Q2 24 | 2.8% | 12.5% |
每股收益（稀释后）CHRWZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.12 | $0.71 | ||
| Q3 25 | $1.34 | $1.16 | ||
| Q2 25 | $1.26 | $0.77 | ||
| Q1 25 | $1.11 | $0.91 | ||
| Q4 24 | $1.23 | $1.18 | ||
| Q3 24 | $0.80 | $1.23 | ||
| Q2 24 | $1.05 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $1.1B | $7.5B |
| 股东权益账面价值 | $1.8B | $12.7B |
| 总资产 | $5.1B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.59× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资CHRWZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $160.9M | $591.9M | ||
| Q3 25 | $136.8M | $1.3B | ||
| Q2 25 | $156.0M | $556.9M | ||
| Q1 25 | $129.9M | $1.4B | ||
| Q4 24 | $145.8M | $525.5M | ||
| Q3 24 | $131.7M | $569.0M | ||
| Q2 24 | $113.2M | $420.1M |
总债务CHRWZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — |
股东权益CHRWZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $1.8B | $12.7B | ||
| Q3 25 | $1.9B | $12.8B | ||
| Q2 25 | $1.8B | $12.5B | ||
| Q1 25 | $1.7B | $12.4B | ||
| Q4 24 | $1.7B | $12.5B | ||
| Q3 24 | $1.6B | $12.4B | ||
| Q2 24 | $1.5B | $12.7B |
总资产CHRWZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $5.1B | $23.1B | ||
| Q3 25 | $5.2B | $23.5B | ||
| Q2 25 | $5.3B | $22.9B | ||
| Q1 25 | $5.2B | $22.2B | ||
| Q4 24 | $5.3B | $21.4B | ||
| Q3 24 | $5.6B | $21.7B | ||
| Q2 24 | $5.5B | $21.5B |
负债/权益比CHRWZBH
| Q1 26 | — | 0.59× | ||
| 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× | — |
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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $245.9M |
| 自由现金流率自由现金流/营收 | 7.7% | 11.8% |
| 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× | 1.51× |
| 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CHRWZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $305.4M | $517.4M | ||
| Q3 25 | $275.4M | $418.7M | ||
| Q2 25 | $227.1M | $378.2M | ||
| Q1 25 | $106.5M | $382.8M | ||
| Q4 24 | $267.9M | $506.3M | ||
| Q3 24 | $108.1M | $395.7M | ||
| Q2 24 | $166.4M | $369.4M |
自由现金流CHRWZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $302.4M | $442.6M | ||
| Q3 25 | $269.5M | $363.7M | ||
| Q2 25 | $219.8M | $328.1M | ||
| Q1 25 | $103.2M | $338.2M | ||
| Q4 24 | $265.3M | $454.8M | ||
| Q3 24 | $103.3M | $351.2M | ||
| Q2 24 | $159.8M | $316.7M |
自由现金流率CHRWZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 7.7% | 19.7% | ||
| Q3 25 | 6.5% | 18.2% | ||
| Q2 25 | 5.3% | 15.8% | ||
| Q1 25 | 2.5% | 17.7% | ||
| Q4 24 | 6.3% | 22.5% | ||
| Q3 24 | 2.2% | 19.3% | ||
| Q2 24 | 3.6% | 16.3% |
资本支出强度CHRWZBH
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 3.3% | ||
| Q3 25 | 0.1% | 2.7% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.1% | 2.5% | ||
| Q3 24 | 0.1% | 2.4% | ||
| Q2 24 | 0.1% | 2.7% |
现金转化率CHRWZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 2.24× | 3.71× | ||
| Q3 25 | 1.69× | 1.81× | ||
| Q2 25 | 1.49× | 2.48× | ||
| Q1 25 | 0.79× | 2.10× | ||
| Q4 24 | 1.79× | 2.11× | ||
| Q3 24 | 1.11× | 1.59× | ||
| Q2 24 | 1.32× | 1.52× |
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% |
ZBH
暂无分部数据
