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雅诗兰黛（EL）与Expeditors International（EXPD）财务数据对比。点击上方公司名可切换其他公司
雅诗兰黛的季度营收约是Expeditors International的1.5倍（$4.2B vs $2.9B），Expeditors International净利率更高（7.0% vs 3.8%，领先3.2%），雅诗兰黛同比增速更快（5.6% vs -3.3%），雅诗兰黛自由现金流更多（$1.0B vs $270.3M），过去两年Expeditors International的营收复合增速更高（13.8% vs 3.6%）
雅诗兰黛是全球知名的高端美妆集团，由创始人雅诗·兰黛女士与丈夫约瑟夫·劳特共同创立。雅诗·兰黛女士也是唯一一位登上《时代》杂志1998年“20世纪20位最具影响力商业天才”榜单的女性，集团旗下拥有多个知名美妆、护肤、香氛品牌，业务覆盖全球众多国家和地区。
美国财富500强物流服务企业，总部位于华盛顿州贝尔维尤，依托覆盖六大洲100余个国家超340个网点的全球网络及统一集成的技术系统，为客户提供高度优化的定制化供应链解决方案。
EL vs EXPD — 直观对比
营收规模更大
EL
是对方的1.5倍
$2.9B
营收增速更快
EL
高出9.0%
-3.3%
净利率更高
EXPD
高出3.2%
3.8%
自由现金流更多
EL
多$746.7M
$270.3M
两年增速更快
EXPD
近两年复合增速
3.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.9B |
| 净利润 | $162.0M | $200.7M |
| 毛利率 | 76.5% | — |
| 营业利润率 | 9.5% | 8.8% |
| 净利率 | 3.8% | 7.0% |
| 营收同比 | 5.6% | -3.3% |
| 净利润同比 | 127.5% | -14.9% |
| 每股收益（稀释后） | $0.44 | $1.50 |
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ELEXPD
| Q4 25 | $4.2B | $2.9B | ||
| Q3 25 | $3.5B | $2.9B | ||
| Q2 25 | $3.4B | $2.7B | ||
| Q1 25 | $3.5B | $2.7B | ||
| Q4 24 | $4.0B | $3.0B | ||
| Q3 24 | $3.4B | $3.0B | ||
| Q2 24 | $3.9B | $2.4B | ||
| Q1 24 | $3.9B | $2.2B |
净利润ELEXPD
| Q4 25 | $162.0M | $200.7M | ||
| Q3 25 | $47.0M | $222.3M | ||
| Q2 25 | $-546.0M | $183.6M | ||
| Q1 25 | $159.0M | $203.8M | ||
| Q4 24 | $-590.0M | $235.9M | ||
| Q3 24 | $-156.0M | $229.6M | ||
| Q2 24 | $-286.0M | $175.5M | ||
| Q1 24 | $335.0M | $169.2M |
毛利率ELEXPD
| Q4 25 | 76.5% | — | ||
| Q3 25 | 73.4% | — | ||
| Q2 25 | 72.0% | — | ||
| Q1 25 | 75.0% | — | ||
| Q4 24 | 76.1% | — | ||
| Q3 24 | 72.4% | — | ||
| Q2 24 | 71.8% | — | ||
| Q1 24 | 71.9% | — |
营业利润率ELEXPD
| Q4 25 | 9.5% | 8.8% | ||
| Q3 25 | 4.9% | 10.0% | ||
| Q2 25 | -11.4% | 9.3% | ||
| Q1 25 | 8.6% | 10.0% | ||
| Q4 24 | -14.5% | 10.2% | ||
| Q3 24 | -3.6% | 10.1% | ||
| Q2 24 | -6.0% | 9.2% | ||
| Q1 24 | 13.5% | 9.7% |
净利率ELEXPD
| Q4 25 | 3.8% | 7.0% | ||
| Q3 25 | 1.4% | 7.7% | ||
| Q2 25 | -16.0% | 6.9% | ||
| Q1 25 | 4.5% | 7.6% | ||
| Q4 24 | -14.7% | 8.0% | ||
| Q3 24 | -4.6% | 7.7% | ||
| Q2 24 | -7.4% | 7.2% | ||
| Q1 24 | 8.5% | 7.7% |
每股收益（稀释后）ELEXPD
| Q4 25 | $0.44 | $1.50 | ||
| Q3 25 | $0.13 | $1.64 | ||
| Q2 25 | $-1.52 | $1.34 | ||
| Q1 25 | $0.44 | $1.47 | ||
| Q4 24 | $-1.64 | $1.68 | ||
| Q3 24 | $-0.43 | $1.63 | ||
| Q2 24 | $-0.79 | $1.24 | ||
| Q1 24 | $0.91 | $1.17 |
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 | — | $1.3B |
| 总债务越低越好 | $7.3B | — |
| 股东权益账面价值 | $4.0B | $2.4B |
| 总资产 | $19.6B | $4.9B |
| 负债/权益比越低杠杆越低 | 1.82× | — |
8季度趋势，按日历期对齐
现金及短期投资ELEXPD
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.4B |
总债务ELEXPD
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.3B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $7.3B | — |
股东权益ELEXPD
| Q4 25 | $4.0B | $2.4B | ||
| Q3 25 | $3.9B | $2.3B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | $4.3B | $2.3B | ||
| Q4 24 | $4.2B | $2.2B | ||
| Q3 24 | $5.1B | $2.4B | ||
| Q2 24 | $5.3B | $2.2B | ||
| Q1 24 | $5.7B | $2.2B |
总资产ELEXPD
| Q4 25 | $19.6B | $4.9B | ||
| Q3 25 | $19.3B | $4.8B | ||
| Q2 25 | $19.9B | $4.8B | ||
| Q1 25 | $19.9B | $4.8B | ||
| Q4 24 | $19.8B | $4.8B | ||
| Q3 24 | $21.3B | $5.2B | ||
| Q2 24 | $21.7B | $4.8B | ||
| Q1 24 | $22.7B | $4.5B |
负债/权益比ELEXPD
| Q4 25 | 1.82× | — | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 1.44× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.26× | — |
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 | $1.1B | $283.3M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $270.3M |
| 自由现金流率自由现金流/营收 | 24.0% | 9.5% |
| 资本支出强度资本支出/营收 | 2.6% | 0.5% |
| 现金转化率经营现金流/净利润 | 6.94× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $953.4M |
8季度趋势，按日历期对齐
经营现金流ELEXPD
| Q4 25 | $1.1B | $283.3M | ||
| Q3 25 | $-340.0M | $201.4M | ||
| Q2 25 | $601.0M | $179.2M | ||
| Q1 25 | $284.0M | $342.6M | ||
| Q4 24 | $1.1B | $249.7M | ||
| Q3 24 | $-670.0M | $90.0M | ||
| Q2 24 | $889.0M | $126.8M | ||
| Q1 24 | $534.0M | $256.9M |
自由现金流ELEXPD
| Q4 25 | $1.0B | $270.3M | ||
| Q3 25 | $-436.0M | $190.3M | ||
| Q2 25 | $394.0M | $163.3M | ||
| Q1 25 | $162.0M | $329.5M | ||
| Q4 24 | $925.0M | $239.7M | ||
| Q3 24 | $-811.0M | $77.7M | ||
| Q2 24 | $672.0M | $118.8M | ||
| Q1 24 | $359.0M | $246.7M |
自由现金流率ELEXPD
| Q4 25 | 24.0% | 9.5% | ||
| Q3 25 | -12.5% | 6.6% | ||
| Q2 25 | 11.6% | 6.2% | ||
| Q1 25 | 4.6% | 12.4% | ||
| Q4 24 | 23.1% | 8.1% | ||
| Q3 24 | -24.1% | 2.6% | ||
| Q2 24 | 17.4% | 4.9% | ||
| Q1 24 | 9.1% | 11.2% |
资本支出强度ELEXPD
| Q4 25 | 2.6% | 0.5% | ||
| Q3 25 | 2.8% | 0.4% | ||
| Q2 25 | 6.1% | 0.6% | ||
| Q1 25 | 3.4% | 0.5% | ||
| Q4 24 | 3.3% | 0.3% | ||
| Q3 24 | 4.2% | 0.4% | ||
| Q2 24 | 5.6% | 0.3% | ||
| Q1 24 | 4.4% | 0.5% |
现金转化率ELEXPD
| Q4 25 | 6.94× | 1.41× | ||
| Q3 25 | -7.23× | 0.91× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | 1.79× | 1.68× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | 1.59× | 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
EL
| Skin Care | $2.1B | 49% |
| Makeup | $1.2B | 28% |
| Fragrance | $812.0M | 19% |
| Hair Care | $168.0M | 4% |
| Other | $31.0M | 1% |
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
