vs
Expand Energy（EXE）与J.B. Hunt（JBHT）财务数据对比。点击上方公司名可切换其他公司
Expand Energy的季度营收约是J.B. Hunt的1.1倍（$3.3B vs $3.1B），Expand Energy净利率更高（16.9% vs 4.6%，领先12.3%），Expand Energy同比增速更快（63.5% vs 4.6%），过去两年Expand Energy的营收复合增速更高（29.6% vs 2.2%）
Expand Energy是按净日产量统计的美国最大独立天然气生产商，总部位于俄克拉荷马城，运营范围覆盖宾夕法尼亚州、西弗吉尼亚州境内马塞勒斯地层的阿巴拉契亚盆地，以及路易斯安那州西北部的海恩斯维尔页岩区块。
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
EXE vs JBHT — 直观对比
营收规模更大
EXE
是对方的1.1倍
$3.1B
营收增速更快
EXE
高出58.9%
4.6%
净利率更高
EXE
高出12.3%
4.6%
两年增速更快
EXE
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $3.1B |
| 净利润 | $553.0M | $141.6M |
| 毛利率 | — | — |
| 营业利润率 | 22.8% | 6.8% |
| 净利率 | 16.9% | 4.6% |
| 营收同比 | 63.5% | 4.6% |
| 净利润同比 | 238.6% | 20.2% |
| 每股收益（稀释后） | $2.33 | $1.49 |
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EXEJBHT
| Q1 26 | — | $3.1B | ||
| Q4 25 | $3.3B | $3.1B | ||
| Q3 25 | $3.0B | $3.1B | ||
| Q2 25 | $3.7B | $2.9B | ||
| Q1 25 | $2.2B | $2.9B | ||
| Q4 24 | $2.0B | $3.1B | ||
| Q3 24 | $648.0M | $3.1B | ||
| Q2 24 | — | $2.9B |
净利润EXEJBHT
| Q1 26 | — | $141.6M | ||
| Q4 25 | $553.0M | $181.1M | ||
| Q3 25 | $547.0M | $170.8M | ||
| Q2 25 | $968.0M | $128.6M | ||
| Q1 25 | $-249.0M | $117.7M | ||
| Q4 24 | $-399.0M | $155.5M | ||
| Q3 24 | $-114.0M | $152.1M | ||
| Q2 24 | — | $135.9M |
营业利润率EXEJBHT
| Q1 26 | — | 6.8% | ||
| Q4 25 | 22.8% | 8.0% | ||
| Q3 25 | 24.4% | 7.9% | ||
| Q2 25 | 34.4% | 6.7% | ||
| Q1 25 | -12.2% | 6.1% | ||
| Q4 24 | -19.3% | 6.6% | ||
| Q3 24 | -23.9% | 7.3% | ||
| Q2 24 | — | 7.0% |
净利率EXEJBHT
| Q1 26 | — | 4.6% | ||
| Q4 25 | 16.9% | 5.8% | ||
| Q3 25 | 18.4% | 5.6% | ||
| Q2 25 | 26.2% | 4.4% | ||
| Q1 25 | -11.3% | 4.0% | ||
| Q4 24 | -19.9% | 4.9% | ||
| Q3 24 | -17.6% | 5.0% | ||
| Q2 24 | — | 4.6% |
每股收益（稀释后）EXEJBHT
| Q1 26 | — | $1.49 | ||
| Q4 25 | $2.33 | $1.88 | ||
| Q3 25 | $2.28 | $1.76 | ||
| Q2 25 | $4.02 | $1.31 | ||
| Q1 25 | $-1.06 | $1.17 | ||
| Q4 24 | $-2.15 | $1.53 | ||
| Q3 24 | $-0.85 | $1.49 | ||
| Q2 24 | — | $1.32 |
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 | $616.0M | $4.6M |
| 总债务越低越好 | $5.0B | $1.3B |
| 股东权益账面价值 | $18.6B | $3.6B |
| 总资产 | $28.3B | — |
| 负债/权益比越低杠杆越低 | 0.27× | 0.36× |
8季度趋势，按日历期对齐
现金及短期投资EXEJBHT
| Q1 26 | — | $4.6M | ||
| Q4 25 | $616.0M | $17.3M | ||
| Q3 25 | $613.0M | $52.3M | ||
| Q2 25 | $731.0M | $50.9M | ||
| Q1 25 | $349.0M | $43.4M | ||
| Q4 24 | $317.0M | $47.0M | ||
| Q3 24 | $1.0B | $120.0M | ||
| Q2 24 | — | $53.5M |
总债务EXEJBHT
| Q1 26 | — | $1.3B | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.7B | $977.7M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.5B |
股东权益EXEJBHT
| Q1 26 | — | $3.6B | ||
| Q4 25 | $18.6B | $3.6B | ||
| Q3 25 | $18.1B | $3.6B | ||
| Q2 25 | $17.9B | $3.7B | ||
| Q1 25 | $17.2B | $3.9B | ||
| Q4 24 | $17.6B | $4.0B | ||
| Q3 24 | $10.2B | $4.0B | ||
| Q2 24 | — | $4.1B |
总资产EXEJBHT
| Q1 26 | — | — | ||
| Q4 25 | $28.3B | $7.9B | ||
| Q3 25 | $27.6B | $8.1B | ||
| Q2 25 | $27.8B | $8.2B | ||
| Q1 25 | $27.9B | $8.3B | ||
| Q4 24 | $27.9B | $8.3B | ||
| Q3 24 | $13.4B | $8.3B | ||
| Q2 24 | — | $8.4B |
负债/权益比EXEJBHT
| Q1 26 | — | 0.36× | ||
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.28× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.32× | 0.24× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.36× |
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 | $956.0M | $353.0M |
| 自由现金流经营现金流 - 资本支出 | $215.0M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 22.6% | 2.3% |
| 现金转化率经营现金流/净利润 | 1.73× | 2.49× |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流EXEJBHT
| Q1 26 | — | $353.0M | ||
| Q4 25 | $956.0M | $385.6M | ||
| Q3 25 | $1.2B | $486.4M | ||
| Q2 25 | $1.3B | $402.1M | ||
| Q1 25 | $1.1B | $404.2M | ||
| Q4 24 | $382.0M | $317.6M | ||
| Q3 24 | $422.0M | $338.5M | ||
| Q2 24 | — | $360.6M |
自由现金流EXEJBHT
| Q1 26 | — | — | ||
| Q4 25 | $215.0M | $251.3M | ||
| Q3 25 | $426.0M | $352.4M | ||
| Q2 25 | $665.0M | $185.6M | ||
| Q1 25 | $533.0M | $158.4M | ||
| Q4 24 | $-154.0M | $93.3M | ||
| Q3 24 | $124.0M | $163.1M | ||
| Q2 24 | — | $98.2M |
自由现金流率EXEJBHT
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 8.1% | ||
| Q3 25 | 14.4% | 11.5% | ||
| Q2 25 | 18.0% | 6.3% | ||
| Q1 25 | 24.3% | 5.4% | ||
| Q4 24 | -7.7% | 3.0% | ||
| Q3 24 | 19.1% | 5.3% | ||
| Q2 24 | — | 3.4% |
资本支出强度EXEJBHT
| Q1 26 | — | 2.3% | ||
| Q4 25 | 22.6% | 4.3% | ||
| Q3 25 | 26.1% | 4.4% | ||
| Q2 25 | 17.8% | 7.4% | ||
| Q1 25 | 25.6% | 8.4% | ||
| Q4 24 | 26.8% | 7.1% | ||
| Q3 24 | 46.0% | 5.7% | ||
| Q2 24 | — | 9.0% |
现金转化率EXEJBHT
| Q1 26 | — | 2.49× | ||
| Q4 25 | 1.73× | 2.13× | ||
| Q3 25 | 2.20× | 2.85× | ||
| Q2 25 | 1.37× | 3.13× | ||
| Q1 25 | — | 3.43× | ||
| Q4 24 | — | 2.04× | ||
| Q3 24 | — | 2.23× | ||
| Q2 24 | — | 2.65× |
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
EXE
| Oil And Gas | $2.3B | 70% |
| Natural Gas Marketing Sales | $734.0M | 22% |
| Natural Gas Liquids Sales | $174.0M | 5% |
| Natural Gas Liquids Marketing Sales | $34.0M | 1% |
| Oil Marketing Sales | $31.0M | 1% |
JBHT
| Intermodal | $1.5B | 49% |
| Dedicated | $840.6M | 28% |
| Integrated Capacity Solutions | $322.7M | 11% |
| Truckload | $205.4M | 7% |
| Final Mile Services | $188.0M | 6% |
