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ENBRIDGE INC（ENB）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
ENBRIDGE INC的季度营收约是RYDER SYSTEM INC的1.8倍（$5.7B vs $3.1B），ENBRIDGE INC净利率更高（26.2% vs 3.0%，领先23.3%），ENBRIDGE INC同比增速更快（5.3% vs 1.0%），ENBRIDGE INC自由现金流更多（$2.4B vs $273.0M），过去两年ENBRIDGE INC的营收复合增速更高（7.6% vs -0.9%）
加拿大恩布里奇公司（Enbridge Inc.）是总部位于阿尔伯塔省卡尔加里的跨国能源管道企业，在加拿大、美国运营管网输送原油、天然气及天然气液，同时布局可再生能源业务。其管网是北美最长、全球规模最大的原油出口管网，拥有近2.9万公里原油管道及超3.83万公里天然气管道。
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。
ENB vs R — 直观对比
营收规模更大
ENB
是对方的1.8倍
$3.1B
营收增速更快
ENB
高出4.3%
1.0%
净利率更高
ENB
高出23.3%
3.0%
自由现金流更多
ENB
多$2.1B
$273.0M
两年增速更快
ENB
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.7B | $3.1B |
| 净利润 | $1.5B | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 34.7% | — |
| 净利率 | 26.2% | 3.0% |
| 营收同比 | 5.3% | 1.0% |
| 净利润同比 | 246.2% | -5.1% |
| 每股收益（稀释后） | — | $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ENBR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $5.7B | $3.2B | ||
| Q3 25 | $4.5B | $3.2B | ||
| Q2 25 | $4.8B | $3.2B | ||
| Q1 25 | $6.4B | $3.1B | ||
| Q4 24 | $5.4B | $3.2B | ||
| Q3 24 | $4.2B | $3.2B | ||
| Q2 24 | $4.3B | $3.2B |
净利润ENBR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $1.5B | $132.0M | ||
| Q3 25 | $575.2M | $138.0M | ||
| Q2 25 | $1.7B | $131.0M | ||
| Q1 25 | $1.7B | $98.0M | ||
| Q4 24 | $434.4M | $135.0M | ||
| Q3 24 | $1.0B | $142.0M | ||
| Q2 24 | $1.4B | $127.0M |
毛利率ENBR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.5% | — |
营业利润率ENBR
| Q1 26 | — | — | ||
| Q4 25 | 34.7% | 5.6% | ||
| Q3 25 | 36.9% | 6.0% | ||
| Q2 25 | 35.1% | 5.8% | ||
| Q1 25 | 41.7% | 4.3% | ||
| Q4 24 | 32.8% | 5.7% | ||
| Q3 24 | 38.7% | 5.9% | ||
| Q2 24 | 38.3% | 5.6% |
净利率ENBR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 26.2% | 4.2% | ||
| Q3 25 | 12.8% | 4.4% | ||
| Q2 25 | 34.9% | 4.1% | ||
| Q1 25 | 26.8% | 3.1% | ||
| Q4 24 | 8.0% | 4.2% | ||
| Q3 24 | 24.3% | 4.5% | ||
| Q2 24 | 32.8% | 4.0% |
每股收益（稀释后）ENBR
| Q1 26 | — | $2.34 | ||
| Q4 25 | — | $3.22 | ||
| Q3 25 | — | $3.32 | ||
| Q2 25 | — | $3.13 | ||
| Q1 25 | — | $2.27 | ||
| Q4 24 | — | $3.09 | ||
| Q3 24 | — | $3.24 | ||
| Q2 24 | — | $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 | $798.6M | $182.0M |
| 总债务越低越好 | $72.2B | — |
| 股东权益账面价值 | $45.5B | $2.9B |
| 总资产 | $159.5B | — |
| 负债/权益比越低杠杆越低 | 1.59× | — |
8季度趋势，按日历期对齐
现金及短期投资ENBR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $798.6M | $198.0M | ||
| Q3 25 | $1.0B | $189.0M | ||
| Q2 25 | $878.2M | $180.0M | ||
| Q1 25 | $1.5B | $151.0M | ||
| Q4 24 | $1.3B | $154.0M | ||
| Q3 24 | $1.4B | $162.0M | ||
| Q2 24 | $2.6B | $164.0M |
总债务ENBR
| Q1 26 | — | — | ||
| Q4 25 | $72.2B | $6.8B | ||
| Q3 25 | $73.4B | $7.3B | ||
| Q2 25 | $70.8B | $7.0B | ||
| Q1 25 | $70.9B | $6.7B | ||
| Q4 24 | $68.2B | $6.7B | ||
| Q3 24 | $63.7B | $6.6B | ||
| Q2 24 | $62.2B | $6.5B |
股东权益ENBR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $45.5B | $3.1B | ||
| Q3 25 | $47.6B | $3.1B | ||
| Q2 25 | $47.8B | $3.1B | ||
| Q1 25 | $49.8B | $3.0B | ||
| Q4 24 | $48.1B | $3.1B | ||
| Q3 24 | $48.0B | $3.1B | ||
| Q2 24 | $49.1B | $3.1B |
总资产ENBR
| Q1 26 | — | — | ||
| Q4 25 | $159.5B | $16.4B | ||
| Q3 25 | $158.4B | $16.5B | ||
| Q2 25 | $154.5B | $16.5B | ||
| Q1 25 | $160.6B | $16.4B | ||
| Q4 24 | $159.9B | $16.7B | ||
| Q3 24 | $150.2B | $16.5B | ||
| Q2 24 | $146.9B | $16.4B |
负债/权益比ENBR
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | 2.24× | ||
| Q3 25 | 1.54× | 2.35× | ||
| Q2 25 | 1.48× | 2.27× | ||
| Q1 25 | 1.42× | 2.21× | ||
| Q4 24 | 1.42× | 2.14× | ||
| Q3 24 | 1.33× | 2.17× | ||
| Q2 24 | 1.27× | 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 | $9.0B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $273.0M |
| 自由现金流率自由现金流/营收 | 42.0% | 8.7% |
| 资本支出强度资本支出/营收 | 114.3% | 13.7% |
| 现金转化率经营现金流/净利润 | 5.96× | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流ENBR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $9.0B | $749.0M | ||
| Q3 25 | — | $442.0M | ||
| Q2 25 | — | $752.0M | ||
| Q1 25 | $2.2B | $651.0M | ||
| Q4 24 | $9.2B | $558.0M | ||
| Q3 24 | — | $629.0M | ||
| Q2 24 | — | $552.0M |
自由现金流ENBR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $2.4B | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | $970.9M | $137.0M | ||
| Q4 24 | $4.3B | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率ENBR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 42.0% | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | 15.1% | 4.4% | ||
| Q4 24 | 79.0% | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度ENBR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 114.3% | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | 19.6% | 16.4% | ||
| Q4 24 | 90.1% | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率ENBR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 5.96× | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | 1.29× | 6.64× | ||
| Q4 24 | 21.18× | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | — | 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
ENB
暂无分部数据
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
