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Expeditors International（EXPD）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
Expeditors International的季度营收约是COMFORT SYSTEMS USA INC的1.1倍（$2.9B vs $2.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 7.0%，领先5.5%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -3.3%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $270.3M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 13.8%）
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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
EXPD vs FIX — 直观对比
营收规模更大
EXPD
是对方的1.1倍
$2.6B
营收增速更快
FIX
高出45.0%
-3.3%
净利率更高
FIX
高出5.5%
7.0%
自由现金流更多
FIX
多$132.1M
$270.3M
两年增速更快
FIX
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.6B |
| 净利润 | $200.7M | $330.8M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 8.8% | 16.1% |
| 净利率 | 7.0% | 12.5% |
| 营收同比 | -3.3% | 41.7% |
| 净利润同比 | -14.9% | 126.8% |
| 每股收益（稀释后） | $1.50 | $9.35 |
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EXPDFIX
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $2.9B | $2.5B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.7B | $1.8B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $2.4B | $1.8B | ||
| Q1 24 | $2.2B | $1.5B |
净利润EXPDFIX
| Q4 25 | $200.7M | $330.8M | ||
| Q3 25 | $222.3M | $291.6M | ||
| Q2 25 | $183.6M | $230.8M | ||
| Q1 25 | $203.8M | $169.3M | ||
| Q4 24 | $235.9M | $145.9M | ||
| Q3 24 | $229.6M | $146.2M | ||
| Q2 24 | $175.5M | $134.0M | ||
| Q1 24 | $169.2M | $96.3M |
毛利率EXPDFIX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 19.3% |
营业利润率EXPDFIX
| Q4 25 | 8.8% | 16.1% | ||
| Q3 25 | 10.0% | 15.5% | ||
| Q2 25 | 9.3% | 13.8% | ||
| Q1 25 | 10.0% | 11.4% | ||
| Q4 24 | 10.2% | 12.1% | ||
| Q3 24 | 10.1% | 11.2% | ||
| Q2 24 | 9.2% | 10.2% | ||
| Q1 24 | 9.7% | 8.8% |
净利率EXPDFIX
| Q4 25 | 7.0% | 12.5% | ||
| Q3 25 | 7.7% | 11.9% | ||
| Q2 25 | 6.9% | 10.6% | ||
| Q1 25 | 7.6% | 9.2% | ||
| Q4 24 | 8.0% | 7.8% | ||
| Q3 24 | 7.7% | 8.1% | ||
| Q2 24 | 7.2% | 7.4% | ||
| Q1 24 | 7.7% | 6.3% |
每股收益（稀释后）EXPDFIX
| Q4 25 | $1.50 | $9.35 | ||
| Q3 25 | $1.64 | $8.25 | ||
| Q2 25 | $1.34 | $6.53 | ||
| Q1 25 | $1.47 | $4.75 | ||
| Q4 24 | $1.68 | $4.08 | ||
| Q3 24 | $1.63 | $4.09 | ||
| Q2 24 | $1.24 | $3.74 | ||
| Q1 24 | $1.17 | $2.69 |
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 | $981.9M |
| 总债务越低越好 | — | $145.2M |
| 股东权益账面价值 | $2.4B | $2.4B |
| 总资产 | $4.9B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资EXPDFIX
| Q4 25 | $1.3B | $981.9M | ||
| Q3 25 | $1.2B | $860.5M | ||
| Q2 25 | $1.2B | $331.7M | ||
| Q1 25 | $1.3B | $204.8M | ||
| Q4 24 | $1.1B | $549.9M | ||
| Q3 24 | $1.3B | $415.6M | ||
| Q2 24 | $1.3B | $199.4M | ||
| Q1 24 | $1.4B | $100.8M |
总债务EXPDFIX
| Q4 25 | — | $145.2M | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | — | $68.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $73.4M | ||
| Q1 24 | — | $77.0M |
股东权益EXPDFIX
| Q4 25 | $2.4B | $2.4B | ||
| Q3 25 | $2.3B | $2.2B | ||
| Q2 25 | $2.2B | $2.0B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.2B | $1.5B | ||
| Q1 24 | $2.2B | $1.4B |
总资产EXPDFIX
| Q4 25 | $4.9B | $6.4B | ||
| Q3 25 | $4.8B | $5.8B | ||
| Q2 25 | $4.8B | $5.1B | ||
| Q1 25 | $4.8B | $4.6B | ||
| Q4 24 | $4.8B | $4.7B | ||
| Q3 24 | $5.2B | $4.4B | ||
| Q2 24 | $4.8B | $4.2B | ||
| Q1 24 | $4.5B | $3.9B |
负债/权益比EXPDFIX
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.06× |
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 | $283.3M | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $402.4M |
| 自由现金流率自由现金流/营收 | 9.5% | 15.2% |
| 资本支出强度资本支出/营收 | 0.5% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $1.0B |
8季度趋势，按日历期对齐
经营现金流EXPDFIX
| Q4 25 | $283.3M | $468.5M | ||
| Q3 25 | $201.4M | $553.3M | ||
| Q2 25 | $179.2M | $252.5M | ||
| Q1 25 | $342.6M | $-88.0M | ||
| Q4 24 | $249.7M | $210.5M | ||
| Q3 24 | $90.0M | $302.2M | ||
| Q2 24 | $126.8M | $189.9M | ||
| Q1 24 | $256.9M | $146.6M |
自由现金流EXPDFIX
| Q4 25 | $270.3M | $402.4M | ||
| Q3 25 | $190.3M | $517.9M | ||
| Q2 25 | $163.3M | $221.2M | ||
| Q1 25 | $329.5M | $-110.2M | ||
| Q4 24 | $239.7M | $169.8M | ||
| Q3 24 | $77.7M | $280.1M | ||
| Q2 24 | $118.8M | $166.5M | ||
| Q1 24 | $246.7M | $121.6M |
自由现金流率EXPDFIX
| Q4 25 | 9.5% | 15.2% | ||
| Q3 25 | 6.6% | 21.1% | ||
| Q2 25 | 6.2% | 10.2% | ||
| Q1 25 | 12.4% | -6.0% | ||
| Q4 24 | 8.1% | 9.1% | ||
| Q3 24 | 2.6% | 15.5% | ||
| Q2 24 | 4.9% | 9.2% | ||
| Q1 24 | 11.2% | 7.9% |
资本支出强度EXPDFIX
| Q4 25 | 0.5% | 2.5% | ||
| Q3 25 | 0.4% | 1.4% | ||
| Q2 25 | 0.6% | 1.4% | ||
| Q1 25 | 0.5% | 1.2% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.4% | 1.2% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | 0.5% | 1.6% |
现金转化率EXPDFIX
| Q4 25 | 1.41× | 1.42× | ||
| Q3 25 | 0.91× | 1.90× | ||
| Q2 25 | 0.98× | 1.09× | ||
| Q1 25 | 1.68× | -0.52× | ||
| Q4 24 | 1.06× | 1.44× | ||
| Q3 24 | 0.39× | 2.07× | ||
| Q2 24 | 0.72× | 1.42× | ||
| Q1 24 | 1.52× | 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
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
