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科迪华（CTVA）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
科迪华的季度营收约是RYDER SYSTEM INC的1.3倍（$3.9B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs -14.1%，领先17.1%），RYDER SYSTEM INC同比增速更快（1.0% vs -1.7%），科迪华自由现金流更多（$4.2B vs $273.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -6.7%）
科迪华是一家美国农业科技企业，主营种子与作物保护产品，涵盖除草剂、杀虫剂、杀菌剂及生物制剂，业务覆盖全球110个国家，总部位于印第安纳州印第安纳波利斯，旗下大部分种子产品以先锋良种国际品牌销售。
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。
CTVA vs R — 直观对比
营收规模更大
CTVA
是对方的1.3倍
$3.1B
营收增速更快
R
高出2.7%
-1.7%
净利率更高
R
高出17.1%
-14.1%
自由现金流更多
CTVA
多$3.9B
$273.0M
两年增速更快
R
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $3.1B |
| 净利润 | $-552.0M | $93.0M |
| 毛利率 | 42.4% | — |
| 营业利润率 | -13.6% | — |
| 净利率 | -14.1% | 3.0% |
| 营收同比 | -1.7% | 1.0% |
| 净利润同比 | -1246.3% | -5.1% |
| 每股收益（稀释后） | $-0.80 | $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CTVAR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | $2.6B | $3.2B | ||
| Q2 25 | $6.5B | $3.2B | ||
| Q1 25 | $4.4B | $3.1B | ||
| Q4 24 | $4.0B | $3.2B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $6.1B | $3.2B |
净利润CTVAR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $-552.0M | $132.0M | ||
| Q3 25 | $-320.0M | $138.0M | ||
| Q2 25 | $1.3B | $131.0M | ||
| Q1 25 | $652.0M | $98.0M | ||
| Q4 24 | $-41.0M | $135.0M | ||
| Q3 24 | $-524.0M | $142.0M | ||
| Q2 24 | $1.1B | $127.0M |
毛利率CTVAR
| Q1 26 | — | — | ||
| Q4 25 | 42.4% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 54.6% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 52.3% | — |
营业利润率CTVAR
| Q1 26 | — | — | ||
| Q4 25 | -13.6% | 5.6% | ||
| Q3 25 | -14.1% | 6.0% | ||
| Q2 25 | 27.9% | 5.8% | ||
| Q1 25 | 17.7% | 4.3% | ||
| Q4 24 | 2.2% | 5.7% | ||
| Q3 24 | -27.2% | 5.9% | ||
| Q2 24 | 21.9% | 5.6% |
净利率CTVAR
| Q1 26 | — | 3.0% | ||
| Q4 25 | -14.1% | 4.2% | ||
| Q3 25 | -12.2% | 4.4% | ||
| Q2 25 | 20.4% | 4.1% | ||
| Q1 25 | 14.8% | 3.1% | ||
| Q4 24 | -1.0% | 4.2% | ||
| Q3 24 | -22.5% | 4.5% | ||
| Q2 24 | 17.2% | 4.0% |
每股收益（稀释后）CTVAR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $-0.80 | $3.22 | ||
| Q3 25 | $-0.47 | $3.32 | ||
| Q2 25 | $1.92 | $3.13 | ||
| Q1 25 | $0.95 | $2.27 | ||
| Q4 24 | $-0.05 | $3.09 | ||
| Q3 24 | $-0.76 | $3.24 | ||
| Q2 24 | $1.51 | $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 | $4.5B | $182.0M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $24.1B | $2.9B |
| 总资产 | $42.8B | — |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资CTVAR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $4.5B | $198.0M | ||
| Q3 25 | $2.6B | $189.0M | ||
| Q2 25 | $2.1B | $180.0M | ||
| Q1 25 | $2.0B | $151.0M | ||
| Q4 24 | $3.2B | $154.0M | ||
| Q3 24 | $2.5B | $162.0M | ||
| Q2 24 | $2.0B | $164.0M |
总债务CTVAR
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $6.8B | ||
| Q3 25 | $1.7B | $7.3B | ||
| Q2 25 | $1.7B | $7.0B | ||
| Q1 25 | $1.8B | $6.7B | ||
| Q4 24 | $2.0B | $6.7B | ||
| Q3 24 | $2.0B | $6.6B | ||
| Q2 24 | $2.5B | $6.5B |
股东权益CTVAR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $24.1B | $3.1B | ||
| Q3 25 | $25.2B | $3.1B | ||
| Q2 25 | $25.9B | $3.1B | ||
| Q1 25 | $24.3B | $3.0B | ||
| Q4 24 | $23.8B | $3.1B | ||
| Q3 24 | $24.7B | $3.1B | ||
| Q2 24 | $25.2B | $3.1B |
总资产CTVAR
| Q1 26 | — | — | ||
| Q4 25 | $42.8B | $16.4B | ||
| Q3 25 | $42.2B | $16.5B | ||
| Q2 25 | $41.8B | $16.5B | ||
| Q1 25 | $42.1B | $16.4B | ||
| Q4 24 | $40.8B | $16.7B | ||
| Q3 24 | $41.9B | $16.5B | ||
| Q2 24 | $41.5B | $16.4B |
负债/权益比CTVAR
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 2.24× | ||
| Q3 25 | 0.07× | 2.35× | ||
| Q2 25 | 0.07× | 2.27× | ||
| Q1 25 | 0.07× | 2.21× | ||
| Q4 24 | 0.08× | 2.14× | ||
| Q3 24 | 0.08× | 2.17× | ||
| Q2 24 | 0.10× | 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 | $4.4B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $4.2B | $273.0M |
| 自由现金流率自由现金流/营收 | 106.2% | 8.7% |
| 资本支出强度资本支出/营收 | 5.7% | 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 | $2.8B | $595.0M |
8季度趋势，按日历期对齐
经营现金流CTVAR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $4.4B | $749.0M | ||
| Q3 25 | $193.0M | $442.0M | ||
| Q2 25 | $947.0M | $752.0M | ||
| Q1 25 | $-2.1B | $651.0M | ||
| Q4 24 | $4.2B | $558.0M | ||
| Q3 24 | $130.0M | $629.0M | ||
| Q2 24 | $451.0M | $552.0M |
自由现金流CTVAR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $4.2B | $344.0M | ||
| Q3 25 | $36.0M | $-85.0M | ||
| Q2 25 | $829.0M | $63.0M | ||
| Q1 25 | $-2.2B | $137.0M | ||
| Q4 24 | $4.0B | $-201.0M | ||
| Q3 24 | $-24.0M | $30.0M | ||
| Q2 24 | $337.0M | $-87.0M |
自由现金流率CTVAR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 106.2% | 10.8% | ||
| Q3 25 | 1.4% | -2.7% | ||
| Q2 25 | 12.8% | 2.0% | ||
| Q1 25 | -49.9% | 4.4% | ||
| Q4 24 | 100.4% | -6.3% | ||
| Q3 24 | -1.0% | 0.9% | ||
| Q2 24 | 5.5% | -2.7% |
资本支出强度CTVAR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 5.7% | 12.8% | ||
| Q3 25 | 6.0% | 16.6% | ||
| Q2 25 | 1.8% | 21.6% | ||
| Q1 25 | 2.1% | 16.4% | ||
| Q4 24 | 4.6% | 23.8% | ||
| Q3 24 | 6.6% | 18.9% | ||
| Q2 24 | 1.9% | 20.1% |
现金转化率CTVAR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | 0.72× | 5.74× | ||
| Q1 25 | -3.23× | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | 0.43× | 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
CTVA
| Corn | $1.4B | 35% |
| Herbicides | $1.1B | 27% |
| Insecticides | $488.0M | 12% |
| Fungicides | $272.0M | 7% |
| Biologicals | $191.0M | 5% |
| Soybean | $164.0M | 4% |
| Other | $160.0M | 4% |
| Otheroilseeds | $94.0M | 2% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
