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Copart（CPRT）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
Copart的季度营收约是怡安集团的1.6倍（$1.2B vs $738.0M），Copart净利率更高（35.0% vs 1.1%，领先33.9%），怡安集团同比增速更快（13.6% vs 0.7%），过去两年怡安集团的营收复合增速更高（17.1% vs 6.4%）
Copart是一家跨国在线车辆拍卖及再营销服务提供商，服务保险、租车、车队、金融公司等各类汽车经销商，业务覆盖美国、加拿大、英国、德国等11个国家。总部位于美国得克萨斯州达拉斯，拥有200多处实体网点，运营总面积超1万英亩的车辆存放场地。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
CPRT vs RYAN — 直观对比
营收规模更大
CPRT
是对方的1.6倍
$738.0M
营收增速更快
RYAN
高出12.9%
0.7%
净利率更高
CPRT
高出33.9%
1.1%
两年增速更快
RYAN
近两年复合增速
6.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $738.0M |
| 净利润 | $403.7M | $8.0M |
| 毛利率 | — | — |
| 营业利润率 | 37.3% | 12.4% |
| 净利率 | 35.0% | 1.1% |
| 营收同比 | 0.7% | 13.6% |
| 净利润同比 | 11.5% | -42.0% |
| 每股收益（稀释后） | $0.41 | — |
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CPRTRYAN
| Q4 25 | $1.2B | $738.0M | ||
| Q3 25 | $1.1B | $739.6M | ||
| Q2 25 | $1.2B | $840.9M | ||
| Q1 25 | $1.2B | $676.1M | ||
| Q4 24 | $1.1B | $649.4M | ||
| Q3 24 | $1.1B | $588.1M | ||
| Q2 24 | $1.1B | $680.2M | ||
| Q1 24 | $1.0B | $537.9M |
净利润CPRTRYAN
| Q4 25 | $403.7M | $8.0M | ||
| Q3 25 | $396.4M | $31.1M | ||
| Q2 25 | $406.6M | $52.0M | ||
| Q1 25 | $387.4M | $-27.6M | ||
| Q4 24 | $362.1M | $13.8M | ||
| Q3 24 | $322.6M | $17.6M | ||
| Q2 24 | $382.3M | $46.8M | ||
| Q1 24 | $325.6M | $16.5M |
营业利润率CPRTRYAN
| Q4 25 | 37.3% | 12.4% | ||
| Q3 25 | 36.7% | 15.0% | ||
| Q2 25 | 37.3% | 22.7% | ||
| Q1 25 | 36.6% | 14.8% | ||
| Q4 24 | 35.4% | 16.8% | ||
| Q3 24 | 33.6% | 13.9% | ||
| Q2 24 | 38.8% | 24.2% | ||
| Q1 24 | 37.2% | 13.5% |
净利率CPRTRYAN
| Q4 25 | 35.0% | 1.1% | ||
| Q3 25 | 35.2% | 4.2% | ||
| Q2 25 | 33.6% | 6.2% | ||
| Q1 25 | 33.3% | -4.1% | ||
| Q4 24 | 31.6% | 2.1% | ||
| Q3 24 | 30.2% | 3.0% | ||
| Q2 24 | 33.9% | 6.9% | ||
| Q1 24 | 31.9% | 3.1% |
每股收益（稀释后）CPRTRYAN
| Q4 25 | $0.41 | — | ||
| Q3 25 | $0.40 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $0.37 | — | ||
| Q3 24 | $0.34 | — | ||
| Q2 24 | $0.39 | — | ||
| Q1 24 | $0.33 | — |
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 | — | $158.3M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $9.6B | $648.1M |
| 总资产 | $10.6B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 5.16× |
8季度趋势，按日历期对齐
现金及短期投资CPRTRYAN
| Q4 25 | — | $158.3M | ||
| Q3 25 | — | $153.5M | ||
| Q2 25 | — | $172.6M | ||
| Q1 25 | — | $203.5M | ||
| Q4 24 | — | $540.2M | ||
| Q3 24 | — | $235.2M | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.6B |
总债务CPRTRYAN
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $427.0K | — | ||
| Q1 24 | $453.0K | — |
股东权益CPRTRYAN
| Q4 25 | $9.6B | $648.1M | ||
| Q3 25 | $9.2B | $630.5M | ||
| Q2 25 | $8.8B | $610.1M | ||
| Q1 25 | $8.3B | $542.5M | ||
| Q4 24 | $7.9B | $627.7M | ||
| Q3 24 | $7.5B | $632.8M | ||
| Q2 24 | $7.2B | $605.9M | ||
| Q1 24 | $6.8B | $554.4M |
总资产CPRTRYAN
| Q4 25 | $10.6B | $10.6B | ||
| Q3 25 | $10.1B | $9.9B | ||
| Q2 25 | $9.7B | $10.6B | ||
| Q1 25 | $9.2B | $9.9B | ||
| Q4 24 | $8.9B | $9.6B | ||
| Q3 24 | $8.4B | $8.5B | ||
| Q2 24 | $8.0B | $8.3B | ||
| Q1 24 | $7.6B | $7.1B |
负债/权益比CPRTRYAN
| Q4 25 | — | 5.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.22× | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $535.3M | $263.2M |
| 自由现金流经营现金流 - 资本支出 | $427.2M | — |
| 自由现金流率自由现金流/营收 | 37.0% | — |
| 资本支出强度资本支出/营收 | 9.4% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.33× | 32.99× |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流CPRTRYAN
| Q4 25 | $535.3M | $263.2M | ||
| Q3 25 | $438.5M | $169.7M | ||
| Q2 25 | $700.9M | $353.6M | ||
| Q1 25 | $178.1M | $-142.8M | ||
| Q4 24 | $482.3M | $259.6M | ||
| Q3 24 | $439.2M | $100.9M | ||
| Q2 24 | $496.3M | $270.8M | ||
| Q1 24 | $161.8M | $-116.5M |
自由现金流CPRTRYAN
| Q4 25 | $427.2M | — | ||
| Q3 25 | $350.8M | $167.3M | ||
| Q2 25 | $572.9M | — | ||
| Q1 25 | $61.5M | $-143.5M | ||
| Q4 24 | $245.5M | — | ||
| Q3 24 | $301.3M | — | ||
| Q2 24 | $408.5M | — | ||
| Q1 24 | $38.8M | — |
自由现金流率CPRTRYAN
| Q4 25 | 37.0% | — | ||
| Q3 25 | 31.2% | 22.6% | ||
| Q2 25 | 47.3% | — | ||
| Q1 25 | 5.3% | -21.2% | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 28.2% | — | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 3.8% | — |
资本支出强度CPRTRYAN
| Q4 25 | 9.4% | 0.0% | ||
| Q3 25 | 7.8% | 0.3% | ||
| Q2 25 | 10.6% | 0.0% | ||
| Q1 25 | 10.0% | 0.1% | ||
| Q4 24 | 20.6% | 0.0% | ||
| Q3 24 | 12.9% | 0.0% | ||
| Q2 24 | 7.8% | 0.0% | ||
| Q1 24 | 12.1% | 0.0% |
现金转化率CPRTRYAN
| Q4 25 | 1.33× | 32.99× | ||
| Q3 25 | 1.11× | 5.46× | ||
| Q2 25 | 1.72× | 6.80× | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.33× | 18.88× | ||
| Q3 24 | 1.36× | 5.74× | ||
| Q2 24 | 1.30× | 5.79× | ||
| Q1 24 | 0.50× | -7.05× |
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
CPRT
| Services | $952.1M | 82% |
| Other | $203.0M | 18% |
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
