vs
COHERENT CORP.（COHR）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
RYDER SYSTEM INC的季度营收约是COHERENT CORP.的1.9倍（$3.1B vs $1.7B），COHERENT CORP.净利率更高（8.7% vs 3.0%，领先5.7%），COHERENT CORP.同比增速更快（17.5% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-95.7M），过去两年COHERENT CORP.的营收复合增速更高（18.1% vs -0.9%）
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
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。
COHR vs R — 直观对比
营收规模更大
R
是对方的1.9倍
$1.7B
营收增速更快
COHR
高出16.5%
1.0%
净利率更高
COHR
高出5.7%
3.0%
自由现金流更多
R
多$368.7M
$-95.7M
两年增速更快
COHR
近两年复合增速
-0.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $3.1B |
| 净利润 | $146.7M | $93.0M |
| 毛利率 | 36.9% | — |
| 营业利润率 | 10.0% | — |
| 净利率 | 8.7% | 3.0% |
| 营收同比 | 17.5% | 1.0% |
| 净利润同比 | 41.9% | -5.1% |
| 每股收益（稀释后） | $0.76 | $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COHRR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.7B | $3.2B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.5B | $3.1B | ||
| Q4 24 | $1.4B | $3.2B | ||
| Q3 24 | $1.3B | $3.2B | ||
| Q2 24 | $1.3B | $3.2B |
净利润COHRR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $146.7M | $132.0M | ||
| Q3 25 | $226.3M | $138.0M | ||
| Q2 25 | $-95.6M | $131.0M | ||
| Q1 25 | $15.7M | $98.0M | ||
| Q4 24 | $103.4M | $135.0M | ||
| Q3 24 | $25.9M | $142.0M | ||
| Q2 24 | $-48.4M | $127.0M |
毛利率COHRR
| Q1 26 | — | — | ||
| Q4 25 | 36.9% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 35.7% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 34.1% | — | ||
| Q2 24 | 32.9% | — |
营业利润率COHRR
| Q1 26 | — | — | ||
| Q4 25 | 10.0% | 5.6% | ||
| Q3 25 | 13.7% | 6.0% | ||
| Q2 25 | -4.1% | 5.8% | ||
| Q1 25 | 0.7% | 4.3% | ||
| Q4 24 | 9.0% | 5.7% | ||
| Q3 24 | 1.4% | 5.9% | ||
| Q2 24 | 4.8% | 5.6% |
净利率COHRR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 8.7% | 4.2% | ||
| Q3 25 | 14.3% | 4.4% | ||
| Q2 25 | -6.3% | 4.1% | ||
| Q1 25 | 1.0% | 3.1% | ||
| Q4 24 | 7.2% | 4.2% | ||
| Q3 24 | 1.9% | 4.5% | ||
| Q2 24 | -3.7% | 4.0% |
每股收益（稀释后）COHRR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.76 | $3.22 | ||
| Q3 25 | $1.19 | $3.32 | ||
| Q2 25 | $-0.81 | $3.13 | ||
| Q1 25 | $-0.11 | $2.27 | ||
| Q4 24 | $0.44 | $3.09 | ||
| Q3 24 | $-0.04 | $3.24 | ||
| Q2 24 | $-0.52 | $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 | $863.7M | $182.0M |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $8.5B | $2.9B |
| 总资产 | $15.1B | — |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资COHRR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $863.7M | $198.0M | ||
| Q3 25 | $852.8M | $189.0M | ||
| Q2 25 | $909.2M | $180.0M | ||
| Q1 25 | $890.3M | $151.0M | ||
| Q4 24 | $917.8M | $154.0M | ||
| Q3 24 | $1.0B | $162.0M | ||
| Q2 24 | $926.0M | $164.0M |
总债务COHRR
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | $6.8B | ||
| Q3 25 | $3.3B | $7.3B | ||
| Q2 25 | $3.7B | $7.0B | ||
| Q1 25 | $3.7B | $6.7B | ||
| Q4 24 | $3.9B | $6.7B | ||
| Q3 24 | $4.0B | $6.6B | ||
| Q2 24 | $4.1B | $6.5B |
股东权益COHRR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $8.5B | $3.1B | ||
| Q3 25 | $5.8B | $3.1B | ||
| Q2 25 | $5.6B | $3.1B | ||
| Q1 25 | $5.4B | $3.0B | ||
| Q4 24 | $5.2B | $3.1B | ||
| Q3 24 | $5.5B | $3.1B | ||
| Q2 24 | $5.2B | $3.1B |
总资产COHRR
| Q1 26 | — | — | ||
| Q4 25 | $15.1B | $16.4B | ||
| Q3 25 | $14.7B | $16.5B | ||
| Q2 25 | $14.9B | $16.5B | ||
| Q1 25 | $14.4B | $16.4B | ||
| Q4 24 | $14.2B | $16.7B | ||
| Q3 24 | $14.7B | $16.5B | ||
| Q2 24 | $14.5B | $16.4B |
负债/权益比COHRR
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | 2.24× | ||
| Q3 25 | 0.57× | 2.35× | ||
| Q2 25 | 0.65× | 2.27× | ||
| Q1 25 | 0.70× | 2.21× | ||
| Q4 24 | 0.75× | 2.14× | ||
| Q3 24 | 0.73× | 2.17× | ||
| Q2 24 | 0.79× | 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 | $57.9M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-95.7M | $273.0M |
| 自由现金流率自由现金流/营收 | -5.7% | 8.7% |
| 资本支出强度资本支出/营收 | 9.1% | 13.7% |
| 现金转化率经营现金流/净利润 | 0.39× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-103.6M | $595.0M |
8季度趋势，按日历期对齐
经营现金流COHRR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $57.9M | $749.0M | ||
| Q3 25 | $46.0M | $442.0M | ||
| Q2 25 | $130.3M | $752.0M | ||
| Q1 25 | $163.0M | $651.0M | ||
| Q4 24 | $187.4M | $558.0M | ||
| Q3 24 | $153.0M | $629.0M | ||
| Q2 24 | $162.3M | $552.0M |
自由现金流COHRR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-95.7M | $344.0M | ||
| Q3 25 | $-58.0M | $-85.0M | ||
| Q2 25 | $-1.1M | $63.0M | ||
| Q1 25 | $51.1M | $137.0M | ||
| Q4 24 | $81.7M | $-201.0M | ||
| Q3 24 | $61.0M | $30.0M | ||
| Q2 24 | $62.4M | $-87.0M |
自由现金流率COHRR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -5.7% | 10.8% | ||
| Q3 25 | -3.7% | -2.7% | ||
| Q2 25 | -0.1% | 2.0% | ||
| Q1 25 | 3.4% | 4.4% | ||
| Q4 24 | 5.7% | -6.3% | ||
| Q3 24 | 4.5% | 0.9% | ||
| Q2 24 | 4.7% | -2.7% |
资本支出强度COHRR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 9.1% | 12.8% | ||
| Q3 25 | 6.6% | 16.6% | ||
| Q2 25 | 8.6% | 21.6% | ||
| Q1 25 | 7.5% | 16.4% | ||
| Q4 24 | 7.4% | 23.8% | ||
| Q3 24 | 6.8% | 18.9% | ||
| Q2 24 | 7.6% | 20.1% |
现金转化率COHRR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 0.39× | 5.67× | ||
| Q3 25 | 0.20× | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | 10.37× | 6.64× | ||
| Q4 24 | 1.81× | 4.13× | ||
| Q3 24 | 5.91× | 4.43× | ||
| Q2 24 | — | 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
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
