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Corpay（CPAY）与U-Haul Holding Co（UHAL）财务数据对比。点击上方公司名可切换其他公司
U-Haul Holding Co的季度营收约是Corpay的1.1倍（$1.4B vs $1.2B），Corpay净利率更高（21.2% vs 2.6%，领先18.6%），Corpay同比增速更快（20.7% vs 1.9%），Corpay自由现金流更多（$760.3M vs $-447.6M）
Corpay总部位于美国佐治亚州亚特兰大，是专业的支付与支出管理服务提供商，旗下系统及服务可帮助客户高效管控采购、支付全流程的相关费用，核心业务覆盖车辆相关支出、住宿支出及企业支付三大领域。
U-Haul控股公司是总部位于美国亚利桑那州凤凰城的移动货车、拖车及自助仓储租赁企业，1945年由伦纳德·肖恩与安娜·玛丽·卡蒂在华盛顿州里奇菲尔德创立，最初起步于卡蒂家族的车库，后通过加油站加盟模式扩张，业务覆盖美国全部50个州及加拿大10个省份。
CPAY vs UHAL — 直观对比
营收规模更大
UHAL
是对方的1.1倍
$1.2B
营收增速更快
CPAY
高出18.7%
1.9%
净利率更高
CPAY
高出18.6%
2.6%
自由现金流更多
CPAY
多$1.2B
$-447.6M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $264.5M | $37.0M |
| 毛利率 | — | 96.4% |
| 营业利润率 | 45.2% | 2.4% |
| 净利率 | 21.2% | 2.6% |
| 营收同比 | 20.7% | 1.9% |
| 净利润同比 | 7.5% | -45.0% |
| 每股收益（稀释后） | $3.74 | — |
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CPAYUHAL
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.1B | $232.1M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $975.7M | — | ||
| Q1 24 | $935.3M | — |
净利润CPAYUHAL
| Q4 25 | $264.5M | $37.0M | ||
| Q3 25 | $277.9M | $105.5M | ||
| Q2 25 | $284.2M | $142.3M | ||
| Q1 25 | $243.2M | — | ||
| Q4 24 | $246.0M | — | ||
| Q3 24 | $276.4M | — | ||
| Q2 24 | $251.6M | — | ||
| Q1 24 | $229.8M | — |
毛利率CPAYUHAL
| Q4 25 | — | 96.4% | ||
| Q3 25 | — | 96.1% | ||
| Q2 25 | — | 68.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率CPAYUHAL
| Q4 25 | 45.2% | 2.4% | ||
| Q3 25 | 44.6% | 12.7% | ||
| Q2 25 | 43.5% | — | ||
| Q1 25 | 42.5% | — | ||
| Q4 24 | 47.2% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.4% | — | ||
| Q1 24 | 42.5% | — |
净利率CPAYUHAL
| Q4 25 | 21.2% | 2.6% | ||
| Q3 25 | 23.7% | 6.1% | ||
| Q2 25 | 25.8% | 61.3% | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 25.8% | — | ||
| Q1 24 | 24.6% | — |
每股收益（稀释后）CPAYUHAL
| Q4 25 | $3.74 | — | ||
| Q3 25 | $3.91 | — | ||
| Q2 25 | $3.98 | — | ||
| Q1 25 | $3.40 | — | ||
| Q4 24 | $3.43 | — | ||
| Q3 24 | $3.90 | — | ||
| Q2 24 | $3.52 | — | ||
| Q1 24 | $3.12 | — |
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 | $2.4B | $1.0B |
| 总债务越低越好 | $10.0B | $8.1B |
| 股东权益账面价值 | $3.9B | $7.7B |
| 总资产 | $26.4B | $21.6B |
| 负债/权益比越低杠杆越低 | 2.58× | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资CPAYUHAL
| Q4 25 | $2.4B | $1.0B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.2B | $877.2M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.3B | — |
总债务CPAYUHAL
| Q4 25 | $10.0B | $8.1B | ||
| Q3 25 | $8.1B | $7.7B | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CPAYUHAL
| Q4 25 | $3.9B | $7.7B | ||
| Q3 25 | $4.1B | $7.8B | ||
| Q2 25 | $3.9B | $7.7B | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $3.3B | — |
总资产CPAYUHAL
| Q4 25 | $26.4B | $21.6B | ||
| Q3 25 | $19.7B | $21.4B | ||
| Q2 25 | $20.4B | $20.8B | ||
| Q1 25 | $18.5B | — | ||
| Q4 24 | $18.0B | — | ||
| Q3 24 | $17.6B | — | ||
| Q2 24 | $16.2B | — | ||
| Q1 24 | $15.8B | — |
负债/权益比CPAYUHAL
| Q4 25 | 2.58× | 1.04× | ||
| Q3 25 | 1.99× | 1.00× | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $812.7M | $240.6M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | $-447.6M |
| 自由现金流率自由现金流/营收 | 60.9% | -31.6% |
| 资本支出强度资本支出/营收 | 4.2% | 48.6% |
| 现金转化率经营现金流/净利润 | 3.07× | 6.51× |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流CPAYUHAL
| Q4 25 | $812.7M | $240.6M | ||
| Q3 25 | $-378.9M | $551.6M | ||
| Q2 25 | $1.1B | $598.4M | ||
| Q1 25 | $-74.2M | — | ||
| Q4 24 | $648.7M | — | ||
| Q3 24 | $400.8M | — | ||
| Q2 24 | $540.9M | — | ||
| Q1 24 | $350.2M | — |
自由现金流CPAYUHAL
| Q4 25 | $760.3M | $-447.6M | ||
| Q3 25 | $-429.8M | $-446.3M | ||
| Q2 25 | $1.1B | $-318.2M | ||
| Q1 25 | $-118.9M | — | ||
| Q4 24 | $604.6M | — | ||
| Q3 24 | $355.0M | — | ||
| Q2 24 | $496.8M | — | ||
| Q1 24 | $309.0M | — |
自由现金流率CPAYUHAL
| Q4 25 | 60.9% | -31.6% | ||
| Q3 25 | -36.7% | -25.9% | ||
| Q2 25 | 98.7% | -137.1% | ||
| Q1 25 | -11.8% | — | ||
| Q4 24 | 58.4% | — | ||
| Q3 24 | 34.5% | — | ||
| Q2 24 | 50.9% | — | ||
| Q1 24 | 33.0% | — |
资本支出强度CPAYUHAL
| Q4 25 | 4.2% | 48.6% | ||
| Q3 25 | 4.3% | 58.0% | ||
| Q2 25 | 4.8% | 395.0% | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 4.4% | — |
现金转化率CPAYUHAL
| Q4 25 | 3.07× | 6.51× | ||
| Q3 25 | -1.36× | 5.23× | ||
| Q2 25 | 4.01× | 4.20× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 2.15× | — | ||
| Q1 24 | 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
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
UHAL
| Long Term Contract With Customer | $1.2B | 82% |
| CA | $74.0M | 5% |
| Life Insurance | $56.2M | 4% |
| Accident And Health Insurance Segment | $49.8M | 4% |
| Investments Segment | $47.3M | 3% |
| Property And Casualty Insurance | $42.5M | 3% |
| Mercury | $1.6M | 0% |
