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CLEVELAND-CLIFFS INC.（CLF）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
CLEVELAND-CLIFFS INC.的季度营收约是RYDER SYSTEM INC的1.4倍（$4.3B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs -5.6%，领先8.6%），RYDER SYSTEM INC同比增速更快（1.0% vs -0.3%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-153.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -8.9%）
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
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。
CLF vs R — 直观对比
营收规模更大
CLF
是对方的1.4倍
$3.1B
营收增速更快
R
高出1.3%
-0.3%
净利率更高
R
高出8.6%
-5.6%
自由现金流更多
R
多$426.0M
$-153.0M
两年增速更快
R
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $3.1B |
| 净利润 | $-241.0M | $93.0M |
| 毛利率 | -5.0% | — |
| 营业利润率 | -7.9% | — |
| 净利率 | -5.6% | 3.0% |
| 营收同比 | -0.3% | 1.0% |
| 净利润同比 | 46.1% | -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CLFR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.3B | $3.2B | ||
| Q3 25 | $4.7B | $3.2B | ||
| Q2 25 | $4.9B | $3.2B | ||
| Q1 25 | $4.6B | $3.1B | ||
| Q4 24 | $4.3B | $3.2B | ||
| Q3 24 | $4.6B | $3.2B | ||
| Q2 24 | $5.1B | $3.2B |
净利润CLFR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $-241.0M | $132.0M | ||
| Q3 25 | $-251.0M | $138.0M | ||
| Q2 25 | $-470.0M | $131.0M | ||
| Q1 25 | $-483.0M | $98.0M | ||
| Q4 24 | $-447.0M | $135.0M | ||
| Q3 24 | $-242.0M | $142.0M | ||
| Q2 24 | $2.0M | $127.0M |
毛利率CLFR
| Q1 26 | — | — | ||
| Q4 25 | -5.0% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -8.4% | — | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -2.3% | — | ||
| Q2 24 | 3.2% | — |
营业利润率CLFR
| Q1 26 | — | — | ||
| Q4 25 | -7.9% | 5.6% | ||
| Q3 25 | -4.3% | 6.0% | ||
| Q2 25 | -10.1% | 5.8% | ||
| Q1 25 | -11.6% | 4.3% | ||
| Q4 24 | -10.8% | 5.7% | ||
| Q3 24 | -5.7% | 5.9% | ||
| Q2 24 | 0.1% | 5.6% |
净利率CLFR
| Q1 26 | — | 3.0% | ||
| Q4 25 | -5.6% | 4.2% | ||
| Q3 25 | -5.3% | 4.4% | ||
| Q2 25 | -9.5% | 4.1% | ||
| Q1 25 | -10.4% | 3.1% | ||
| Q4 24 | -10.3% | 4.2% | ||
| Q3 24 | -5.3% | 4.5% | ||
| Q2 24 | 0.0% | 4.0% |
每股收益（稀释后）CLFR
| Q1 26 | — | $2.34 | ||
| Q4 25 | — | $3.22 | ||
| Q3 25 | $-0.51 | $3.32 | ||
| Q2 25 | — | $3.13 | ||
| Q1 25 | — | $2.27 | ||
| Q4 24 | $-0.91 | $3.09 | ||
| Q3 24 | $-0.52 | $3.24 | ||
| Q2 24 | $0.00 | $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 | $57.0M | $182.0M |
| 总债务越低越好 | $7.3B | — |
| 股东权益账面价值 | $6.1B | $2.9B |
| 总资产 | $20.0B | — |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资CLFR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $57.0M | $198.0M | ||
| Q3 25 | $66.0M | $189.0M | ||
| Q2 25 | $61.0M | $180.0M | ||
| Q1 25 | $57.0M | $151.0M | ||
| Q4 24 | $54.0M | $154.0M | ||
| Q3 24 | $39.0M | $162.0M | ||
| Q2 24 | $110.0M | $164.0M |
总债务CLFR
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | $6.8B | ||
| Q3 25 | $8.0B | $7.3B | ||
| Q2 25 | $7.7B | $7.0B | ||
| Q1 25 | $7.6B | $6.7B | ||
| Q4 24 | $7.1B | $6.7B | ||
| Q3 24 | $3.8B | $6.6B | ||
| Q2 24 | $3.5B | $6.5B |
股东权益CLFR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $6.1B | $3.1B | ||
| Q3 25 | $5.5B | $3.1B | ||
| Q2 25 | $5.8B | $3.1B | ||
| Q1 25 | $6.3B | $3.0B | ||
| Q4 24 | $6.7B | $3.1B | ||
| Q3 24 | $6.9B | $3.1B | ||
| Q2 24 | $7.1B | $3.1B |
总资产CLFR
| Q1 26 | — | — | ||
| Q4 25 | $20.0B | $16.4B | ||
| Q3 25 | $20.3B | $16.5B | ||
| Q2 25 | $20.5B | $16.5B | ||
| Q1 25 | $20.8B | $16.4B | ||
| Q4 24 | $20.9B | $16.7B | ||
| Q3 24 | $16.8B | $16.5B | ||
| Q2 24 | $16.9B | $16.4B |
负债/权益比CLFR
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 2.24× | ||
| Q3 25 | 1.47× | 2.35× | ||
| Q2 25 | 1.33× | 2.27× | ||
| Q1 25 | 1.22× | 2.21× | ||
| Q4 24 | 1.06× | 2.14× | ||
| Q3 24 | 0.55× | 2.17× | ||
| Q2 24 | 0.49× | 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 | $-13.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | $273.0M |
| 自由现金流率自由现金流/营收 | -3.5% | 8.7% |
| 资本支出强度资本支出/营收 | 3.2% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | $595.0M |
8季度趋势，按日历期对齐
经营现金流CLFR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $-13.0M | $749.0M | ||
| Q3 25 | $-143.0M | $442.0M | ||
| Q2 25 | $45.0M | $752.0M | ||
| Q1 25 | $-351.0M | $651.0M | ||
| Q4 24 | $-472.0M | $558.0M | ||
| Q3 24 | $-84.0M | $629.0M | ||
| Q2 24 | $519.0M | $552.0M |
自由现金流CLFR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-153.0M | $344.0M | ||
| Q3 25 | $-300.0M | $-85.0M | ||
| Q2 25 | $-67.0M | $63.0M | ||
| Q1 25 | $-503.0M | $137.0M | ||
| Q4 24 | $-677.0M | $-201.0M | ||
| Q3 24 | $-235.0M | $30.0M | ||
| Q2 24 | $362.0M | $-87.0M |
自由现金流率CLFR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -3.5% | 10.8% | ||
| Q3 25 | -6.3% | -2.7% | ||
| Q2 25 | -1.4% | 2.0% | ||
| Q1 25 | -10.9% | 4.4% | ||
| Q4 24 | -15.7% | -6.3% | ||
| Q3 24 | -5.1% | 0.9% | ||
| Q2 24 | 7.1% | -2.7% |
资本支出强度CLFR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 3.2% | 12.8% | ||
| Q3 25 | 3.3% | 16.6% | ||
| Q2 25 | 2.3% | 21.6% | ||
| Q1 25 | 3.3% | 16.4% | ||
| Q4 24 | 4.7% | 23.8% | ||
| Q3 24 | 3.3% | 18.9% | ||
| Q2 24 | 3.1% | 20.1% |
现金转化率CLFR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | 259.50× | 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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
