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CSX Corporation（CSX）与Williams Companies（WMB）财务数据对比。点击上方公司名可切换其他公司
Williams Companies的季度营收约是CSX Corporation的1.1倍（$3.8B vs $3.5B），CSX Corporation净利率更高（23.2% vs 19.1%，领先4.1%），Williams Companies同比增速更快（12.7% vs 1.7%），CSX Corporation自由现金流更多（$793.0M vs $-379.0M），过去两年Williams Companies的营收复合增速更高（7.3% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
总部位于美国俄克拉荷马州塔尔萨的能源企业，位列《财富》美国500强，普通股为标普500指数成分股，核心业务为天然气加工与运输，同时持有石油、发电相关资产。
CSX vs WMB — 直观对比
营收规模更大
WMB
是对方的1.1倍
$3.5B
营收增速更快
WMB
高出10.9%
1.7%
净利率更高
CSX
高出4.1%
19.1%
自由现金流更多
CSX
多$1.2B
$-379.0M
两年增速更快
WMB
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $3.8B |
| 净利润 | $807.0M | $734.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 27.3% |
| 净利率 | 23.2% | 19.1% |
| 营收同比 | 1.7% | 12.7% |
| 净利润同比 | 401.2% | 51.0% |
| 每股收益（稀释后） | — | $0.60 |
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CSXWMB
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $3.8B | ||
| Q3 25 | $3.6B | $3.5B | ||
| Q2 25 | $3.6B | $3.4B | ||
| Q1 25 | $3.4B | $4.2B | ||
| Q4 24 | $3.5B | $3.4B | ||
| Q3 24 | $3.6B | $3.0B | ||
| Q2 24 | $3.7B | $2.8B |
净利润CSXWMB
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $734.0M | ||
| Q3 25 | $694.0M | $647.0M | ||
| Q2 25 | $829.0M | $546.0M | ||
| Q1 25 | $646.0M | $691.0M | ||
| Q4 24 | $720.0M | $486.0M | ||
| Q3 24 | $894.0M | $706.0M | ||
| Q2 24 | $963.0M | $401.0M |
营业利润率CSXWMB
| Q1 26 | 29.9% | — | ||
| Q4 25 | 31.6% | 27.3% | ||
| Q3 25 | 30.3% | 31.8% | ||
| Q2 25 | 35.9% | 28.0% | ||
| Q1 25 | 30.4% | 26.1% | ||
| Q4 24 | 30.8% | 23.2% | ||
| Q3 24 | 37.4% | 27.6% | ||
| Q2 24 | 39.1% | 24.4% |
净利率CSXWMB
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | 19.1% | ||
| Q3 25 | 19.3% | 18.5% | ||
| Q2 25 | 23.2% | 16.2% | ||
| Q1 25 | 18.9% | 16.5% | ||
| Q4 24 | 20.3% | 14.2% | ||
| Q3 24 | 24.7% | 23.3% | ||
| Q2 24 | 26.0% | 14.1% |
每股收益（稀释后）CSXWMB
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $0.60 | ||
| Q3 25 | $0.37 | $0.53 | ||
| Q2 25 | $0.44 | $0.45 | ||
| Q1 25 | $0.34 | $0.56 | ||
| Q4 24 | $0.38 | $0.39 | ||
| Q3 24 | $0.46 | $0.58 | ||
| Q2 24 | $0.49 | $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 | $1.1B | — |
| 总债务越低越好 | $18.9B | $27.3B |
| 股东权益账面价值 | $13.6B | $12.8B |
| 总资产 | $44.2B | $58.6B |
| 负债/权益比越低杠杆越低 | 1.39× | 2.13× |
8季度趋势，按日历期对齐
现金及短期投资CSXWMB
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $72.0M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $4.0M | — |
总债务CSXWMB
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | $27.3B | ||
| Q3 25 | $18.6B | $25.6B | ||
| Q2 25 | $18.6B | $25.6B | ||
| Q1 25 | $18.5B | $24.1B | ||
| Q4 24 | $17.9B | $24.7B | ||
| Q3 24 | $18.5B | $24.8B | ||
| Q2 24 | $18.0B | $24.1B |
股东权益CSXWMB
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | $12.8B | ||
| Q3 25 | $12.8B | $12.5B | ||
| Q2 25 | $12.4B | $12.4B | ||
| Q1 25 | $12.2B | $12.5B | ||
| Q4 24 | $12.5B | $12.4B | ||
| Q3 24 | $12.9B | $12.4B | ||
| Q2 24 | $12.6B | $12.3B |
总资产CSXWMB
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $58.6B | ||
| Q3 25 | $43.3B | $55.7B | ||
| Q2 25 | $42.9B | $56.1B | ||
| Q1 25 | $43.2B | $54.9B | ||
| Q4 24 | $42.8B | $54.5B | ||
| Q3 24 | $43.1B | $53.8B | ||
| Q2 24 | $42.4B | $52.4B |
负债/权益比CSXWMB
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | 2.13× | ||
| Q3 25 | 1.45× | 2.04× | ||
| Q2 25 | 1.50× | 2.06× | ||
| Q1 25 | 1.52× | 1.93× | ||
| Q4 24 | 1.43× | 1.99× | ||
| Q3 24 | 1.43× | 2.00× | ||
| Q2 24 | 1.42× | 1.96× |
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 | $1.3B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $-379.0M |
| 自由现金流率自由现金流/营收 | 22.8% | -9.9% |
| 资本支出强度资本支出/营收 | — | 50.9% |
| 现金转化率经营现金流/净利润 | 1.58× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $1.0B |
8季度趋势，按日历期对齐
经营现金流CSXWMB
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $635.0M | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.1B | $1.3B |
自由现金流CSXWMB
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $-379.0M | ||
| Q3 25 | $607.0M | $485.0M | ||
| Q2 25 | $-141.0M | $478.0M | ||
| Q1 25 | $536.0M | $421.0M | ||
| Q4 24 | $550.0M | $450.0M | ||
| Q3 24 | $1.1B | $561.0M | ||
| Q2 24 | $547.0M | $700.0M |
自由现金流率CSXWMB
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | -9.9% | ||
| Q3 25 | 16.9% | 13.9% | ||
| Q2 25 | -3.9% | 14.2% | ||
| Q1 25 | 15.7% | 10.1% | ||
| Q4 24 | 15.5% | 13.2% | ||
| Q3 24 | 29.3% | 18.5% | ||
| Q2 24 | 14.8% | 24.6% |
资本支出强度CSXWMB
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 50.9% | ||
| Q3 25 | 20.4% | 27.3% | ||
| Q2 25 | 21.7% | 28.8% | ||
| Q1 25 | 21.0% | 24.2% | ||
| Q4 24 | 23.7% | 22.5% | ||
| Q3 24 | 17.3% | 22.5% | ||
| Q2 24 | 14.6% | 20.3% |
现金转化率CSXWMB
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | 2.15× | ||
| Q3 25 | 1.93× | 2.22× | ||
| Q2 25 | 0.77× | 2.66× | ||
| Q1 25 | 1.94× | 2.07× | ||
| Q4 24 | 1.93× | 2.51× | ||
| Q3 24 | 1.89× | 1.76× | ||
| Q2 24 | 1.13× | 3.19× |
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
CSX
暂无分部数据
WMB
| Services | $2.2B | 57% |
| Natural Gas Us Regulated | $740.0M | 19% |
| West | $730.0M | 19% |
| Non Regulated Service Commodity Consideration | $51.0M | 1% |
| Natural Gas Gathering Transportation Marketing And Processing | $45.0M | 1% |
| Affiliated Entity | $23.0M | 1% |
| Other | $14.0M | 0% |
| Other Service | $11.0M | 0% |
