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Delek US Holdings, Inc.（DK）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
Delek US Holdings, Inc.的季度营收约是RXO, Inc.的1.7倍（$2.4B vs $1.5B），Delek US Holdings, Inc.净利率更高（3.2% vs -3.1%，领先6.4%），Delek US Holdings, Inc.同比增速更快（2.3% vs -11.9%），Delek US Holdings, Inc.自由现金流更多（$382.8M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs -11.9%）
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
DK vs RXO — 直观对比
营收规模更大
DK
是对方的1.7倍
$1.5B
营收增速更快
DK
高出14.2%
-11.9%
净利率更高
DK
高出6.4%
-3.1%
自由现金流更多
DK
多$391.8M
$-9.0M
两年增速更快
RXO
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.5B |
| 净利润 | $78.3M | $-46.0M |
| 毛利率 | 9.3% | — |
| 营业利润率 | 6.8% | -2.9% |
| 净利率 | 3.2% | -3.1% |
| 营收同比 | 2.3% | -11.9% |
| 净利润同比 | 118.9% | -84.0% |
| 每股收益（稀释后） | $1.23 | $-0.28 |
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DKRXO
| Q4 25 | $2.4B | $1.5B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $3.0B | $1.0B | ||
| Q2 24 | $3.3B | $930.0M | ||
| Q1 24 | $3.1B | $913.0M |
净利润DKRXO
| Q4 25 | $78.3M | $-46.0M | ||
| Q3 25 | $178.0M | $-14.0M | ||
| Q2 25 | $-106.4M | $-9.0M | ||
| Q1 25 | $-172.7M | $-31.0M | ||
| Q4 24 | $-413.8M | $-25.0M | ||
| Q3 24 | $-76.8M | $-243.0M | ||
| Q2 24 | $-37.2M | $-7.0M | ||
| Q1 24 | $-32.6M | $-15.0M |
毛利率DKRXO
| Q4 25 | 9.3% | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | -5.7% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 3.0% | — |
营业利润率DKRXO
| Q4 25 | 6.8% | -2.9% | ||
| Q3 25 | 10.2% | -0.5% | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -4.8% | -2.1% | ||
| Q4 24 | -17.0% | -1.4% | ||
| Q3 24 | -4.0% | -1.9% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.9% | -1.3% |
净利率DKRXO
| Q4 25 | 3.2% | -3.1% | ||
| Q3 25 | 6.2% | -1.0% | ||
| Q2 25 | -3.8% | -0.6% | ||
| Q1 25 | -6.5% | -2.2% | ||
| Q4 24 | -17.4% | -1.5% | ||
| Q3 24 | -2.5% | -23.4% | ||
| Q2 24 | -1.1% | -0.8% | ||
| Q1 24 | -1.0% | -1.6% |
每股收益（稀释后）DKRXO
| Q4 25 | $1.23 | $-0.28 | ||
| Q3 25 | $2.93 | $-0.08 | ||
| Q2 25 | $-1.76 | $-0.05 | ||
| Q1 25 | $-2.78 | $-0.18 | ||
| Q4 24 | $-6.48 | $-0.17 | ||
| Q3 24 | $-1.20 | $-1.81 | ||
| Q2 24 | $-0.58 | $-0.06 | ||
| Q1 24 | $-0.51 | $-0.13 |
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 | $625.8M | $17.0M |
| 总债务越低越好 | $3.2B | $387.0M |
| 股东权益账面价值 | $547.3M | $1.5B |
| 总资产 | $6.8B | $3.3B |
| 负债/权益比越低杠杆越低 | 5.91× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DKRXO
| Q4 25 | $625.8M | $17.0M | ||
| Q3 25 | $630.9M | $25.0M | ||
| Q2 25 | $615.5M | $18.0M | ||
| Q1 25 | $623.8M | $16.0M | ||
| Q4 24 | $735.6M | $35.0M | ||
| Q3 24 | $1.0B | $55.0M | ||
| Q2 24 | $657.9M | $7.0M | ||
| Q1 24 | $753.4M | $7.0M |
总债务DKRXO
| Q4 25 | $3.2B | $387.0M | ||
| Q3 25 | $3.2B | $387.0M | ||
| Q2 25 | $3.1B | $387.0M | ||
| Q1 25 | $3.0B | $387.0M | ||
| Q4 24 | $2.8B | $351.0M | ||
| Q3 24 | $2.8B | $352.0M | ||
| Q2 24 | $2.5B | $370.0M | ||
| Q1 24 | $2.5B | $351.0M |
股东权益DKRXO
| Q4 25 | $547.3M | $1.5B | ||
| Q3 25 | $444.8M | $1.6B | ||
| Q2 25 | $294.9M | $1.6B | ||
| Q1 25 | $429.4M | $1.6B | ||
| Q4 24 | $575.2M | $1.6B | ||
| Q3 24 | $875.4M | $1.7B | ||
| Q2 24 | $982.8M | $579.0M | ||
| Q1 24 | $1.0B | $582.0M |
总资产DKRXO
| Q4 25 | $6.8B | $3.3B | ||
| Q3 25 | $7.1B | $3.2B | ||
| Q2 25 | $7.1B | $3.2B | ||
| Q1 25 | $6.9B | $3.3B | ||
| Q4 24 | $6.7B | $3.4B | ||
| Q3 24 | $7.0B | $3.4B | ||
| Q2 24 | $6.9B | $1.8B | ||
| Q1 24 | $7.2B | $1.8B |
负债/权益比DKRXO
| Q4 25 | 5.91× | 0.25× | ||
| Q3 25 | 7.14× | 0.24× | ||
| Q2 25 | 10.51× | 0.24× | ||
| Q1 25 | 7.07× | 0.24× | ||
| Q4 24 | 4.81× | 0.22× | ||
| Q3 24 | 3.19× | 0.21× | ||
| Q2 24 | 2.50× | 0.64× | ||
| Q1 24 | 2.41× | 0.60× |
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 | $502.8M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $-9.0M |
| 自由现金流率自由现金流/营收 | 15.8% | -0.6% |
| 资本支出强度资本支出/营收 | 4.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 6.42× | — |
| 过去12个月自由现金流最近4个季度 | $6.3M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流DKRXO
| Q4 25 | $502.8M | $7.0M | ||
| Q3 25 | $44.0M | $23.0M | ||
| Q2 25 | $51.4M | $23.0M | ||
| Q1 25 | $-62.4M | $-2.0M | ||
| Q4 24 | $-163.5M | $-7.0M | ||
| Q3 24 | $-21.6M | $-7.0M | ||
| Q2 24 | $-48.4M | $-5.0M | ||
| Q1 24 | $166.7M | $7.0M |
自由现金流DKRXO
| Q4 25 | $382.8M | $-9.0M | ||
| Q3 25 | $-64.0M | $9.0M | ||
| Q2 25 | $-114.4M | $9.0M | ||
| Q1 25 | $-198.1M | $-17.0M | ||
| Q4 24 | $-354.0M | $-19.0M | ||
| Q3 24 | $-140.6M | $-18.0M | ||
| Q2 24 | $-128.3M | $-16.0M | ||
| Q1 24 | $128.4M | $-4.0M |
自由现金流率DKRXO
| Q4 25 | 15.8% | -0.6% | ||
| Q3 25 | -2.2% | 0.6% | ||
| Q2 25 | -4.1% | 0.6% | ||
| Q1 25 | -7.5% | -1.2% | ||
| Q4 24 | -14.9% | -1.1% | ||
| Q3 24 | -4.6% | -1.7% | ||
| Q2 24 | -3.9% | -1.7% | ||
| Q1 24 | 4.1% | -0.4% |
资本支出强度DKRXO
| Q4 25 | 4.9% | 1.1% | ||
| Q3 25 | 3.7% | 1.0% | ||
| Q2 25 | 6.0% | 1.0% | ||
| Q1 25 | 5.1% | 1.0% | ||
| Q4 24 | 8.0% | 0.7% | ||
| Q3 24 | 3.9% | 1.1% | ||
| Q2 24 | 2.4% | 1.2% | ||
| Q1 24 | 1.2% | 1.2% |
现金转化率DKRXO
| Q4 25 | 6.42× | — | ||
| Q3 25 | 0.25× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
