vs
CHS INC（CHSCP）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
CHS INC的季度营收约是RYDER SYSTEM INC的2.8倍（$8.9B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs 2.9%，领先0.0%），RYDER SYSTEM INC同比增速更快（1.0% vs -4.6%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-453.8M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -1.2%）
CHS Inc是美国顶尖农业合作社企业，跻身财富世界500强，总部位于明尼苏达州因弗格罗夫海茨，由美国本土农业合作社、农牧从业者及优先股股东共同所有。公司业务覆盖食品加工批发、农资供应、金融服务、零售等多个领域，在北美中西部共19个州分销Cenex品牌燃料，是北美大型连锁便利店运营商之一，同时合资持股植物油生产商文图拉食品。
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。
CHSCP vs R — 直观对比
营收规模更大
CHSCP
是对方的2.8倍
$3.1B
营收增速更快
R
高出5.6%
-4.6%
净利率更高
R
高出0.0%
2.9%
自由现金流更多
R
多$726.8M
$-453.8M
两年增速更快
R
近两年复合增速
-1.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.9B | $3.1B |
| 净利润 | $260.5M | $93.0M |
| 毛利率 | 4.4% | — |
| 营业利润率 | 1.4% | — |
| 净利率 | 2.9% | 3.0% |
| 营收同比 | -4.6% | 1.0% |
| 净利润同比 | 6.4% | -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CHSCPR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $8.9B | $3.2B | ||
| Q3 25 | $13.2B | $3.2B | ||
| Q2 25 | $9.8B | $3.2B | ||
| Q1 25 | $3.2B | $3.1B | ||
| Q4 24 | $9.3B | $3.2B | ||
| Q3 24 | $9.2B | $3.2B | ||
| Q2 24 | $9.6B | $3.2B |
净利润CHSCPR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $260.5M | $132.0M | ||
| Q3 25 | $196.7M | $138.0M | ||
| Q2 25 | $232.2M | $131.0M | ||
| Q1 25 | $-75.8M | $98.0M | ||
| Q4 24 | $244.8M | $135.0M | ||
| Q3 24 | $111.8M | $142.0M | ||
| Q2 24 | $297.3M | $127.0M |
毛利率CHSCPR
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 4.9% | — |
营业利润率CHSCPR
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 5.6% | ||
| Q3 25 | 0.4% | 6.0% | ||
| Q2 25 | 0.7% | 5.8% | ||
| Q1 25 | -5.4% | 4.3% | ||
| Q4 24 | 1.5% | 5.7% | ||
| Q3 24 | -0.3% | 5.9% | ||
| Q2 24 | 1.6% | 5.6% |
净利率CHSCPR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 2.9% | 4.2% | ||
| Q3 25 | 1.5% | 4.4% | ||
| Q2 25 | 2.4% | 4.1% | ||
| Q1 25 | -2.4% | 3.1% | ||
| Q4 24 | 2.6% | 4.2% | ||
| Q3 24 | 1.2% | 4.5% | ||
| Q2 24 | 3.1% | 4.0% |
每股收益（稀释后）CHSCPR
| Q1 26 | — | $2.34 | ||
| Q4 25 | — | $3.22 | ||
| Q3 25 | — | $3.32 | ||
| Q2 25 | — | $3.13 | ||
| Q1 25 | — | $2.27 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | — | $3.24 | ||
| Q2 24 | — | $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 | $374.7M | $182.0M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $11.2B | $2.9B |
| 总资产 | $20.7B | — |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资CHSCPR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $374.7M | $198.0M | ||
| Q3 25 | $327.8M | $189.0M | ||
| Q2 25 | $323.9M | $180.0M | ||
| Q1 25 | $433.3M | $151.0M | ||
| Q4 24 | $795.6M | $154.0M | ||
| Q3 24 | $1.3B | $162.0M | ||
| Q2 24 | $310.1M | $164.0M |
总债务CHSCPR
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $6.8B | ||
| Q3 25 | $1.7B | $7.3B | ||
| Q2 25 | $1.8B | $7.0B | ||
| Q1 25 | $1.8B | $6.7B | ||
| Q4 24 | $1.8B | $6.7B | ||
| Q3 24 | $1.8B | $6.6B | ||
| Q2 24 | $1.7B | $6.5B |
股东权益CHSCPR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $11.2B | $3.1B | ||
| Q3 25 | $11.1B | $3.1B | ||
| Q2 25 | $10.8B | $3.1B | ||
| Q1 25 | $10.7B | $3.0B | ||
| Q4 24 | $10.8B | $3.1B | ||
| Q3 24 | $10.8B | $3.1B | ||
| Q2 24 | $10.9B | $3.1B |
总资产CHSCPR
| Q1 26 | — | — | ||
| Q4 25 | $20.7B | $16.4B | ||
| Q3 25 | $18.9B | $16.5B | ||
| Q2 25 | $19.7B | $16.5B | ||
| Q1 25 | $20.1B | $16.4B | ||
| Q4 24 | $19.6B | $16.7B | ||
| Q3 24 | $18.7B | $16.5B | ||
| Q2 24 | $18.5B | $16.4B |
负债/权益比CHSCPR
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 2.24× | ||
| Q3 25 | 0.16× | 2.35× | ||
| Q2 25 | 0.17× | 2.27× | ||
| Q1 25 | 0.17× | 2.21× | ||
| Q4 24 | 0.17× | 2.14× | ||
| Q3 24 | 0.17× | 2.17× | ||
| Q2 24 | 0.15× | 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 | $-337.8M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-453.8M | $273.0M |
| 自由现金流率自由现金流/营收 | -5.1% | 8.7% |
| 资本支出强度资本支出/营收 | 1.3% | 13.7% |
| 现金转化率经营现金流/净利润 | -1.30× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-60.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流CHSCPR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $-337.8M | $749.0M | ||
| Q3 25 | $1.3B | $442.0M | ||
| Q2 25 | $696.6M | $752.0M | ||
| Q1 25 | $-1.0B | $651.0M | ||
| Q4 24 | $-294.0M | $558.0M | ||
| Q3 24 | $1.1B | $629.0M | ||
| Q2 24 | $556.9M | $552.0M |
自由现金流CHSCPR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-453.8M | $344.0M | ||
| Q3 25 | $1.1B | $-85.0M | ||
| Q2 25 | $520.6M | $63.0M | ||
| Q1 25 | $-1.2B | $137.0M | ||
| Q4 24 | $-486.6M | $-201.0M | ||
| Q3 24 | $845.8M | $30.0M | ||
| Q2 24 | $361.6M | $-87.0M |
自由现金流率CHSCPR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -5.1% | 10.8% | ||
| Q3 25 | 8.1% | -2.7% | ||
| Q2 25 | 5.3% | 2.0% | ||
| Q1 25 | -38.1% | 4.4% | ||
| Q4 24 | -5.2% | -6.3% | ||
| Q3 24 | 9.2% | 0.9% | ||
| Q2 24 | 3.8% | -2.7% |
资本支出强度CHSCPR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 1.3% | 12.8% | ||
| Q3 25 | 1.5% | 16.6% | ||
| Q2 25 | 1.8% | 21.6% | ||
| Q1 25 | 5.2% | 16.4% | ||
| Q4 24 | 2.1% | 23.8% | ||
| Q3 24 | 2.9% | 18.9% | ||
| Q2 24 | 2.0% | 20.1% |
现金转化率CHSCPR
| Q1 26 | — | 6.27× | ||
| Q4 25 | -1.30× | 5.67× | ||
| Q3 25 | 6.46× | 3.20× | ||
| Q2 25 | 3.00× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | -1.20× | 4.13× | ||
| Q3 24 | 9.96× | 4.43× | ||
| Q2 24 | 1.87× | 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
CHSCP
| Grains | $5.2B | 59% |
| Agronomy | $1.2B | 14% |
| CF Nitrogen LLC | $1.1B | 12% |
| Ventura Foods Llc | $838.2M | 9% |
| Other | $283.9M | 3% |
| ASC Topic815 | $198.7M | 2% |
| West Central Ag Services | $18.0M | 0% |
| Other Guidance | $1.4M | 0% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
