vs
Expeditors International（EXPD）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
Expeditors International的季度营收约是第一太阳能的2.7倍（$2.9B vs $1.0B），第一太阳能净利率更高（33.2% vs 7.0%，领先26.2%），第一太阳能同比增速更快（23.6% vs -3.3%），过去两年Expeditors International的营收复合增速更高（13.8% vs 1.7%）
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。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
EXPD vs FSLR — 直观对比
营收规模更大
EXPD
是对方的2.7倍
$1.0B
营收增速更快
FSLR
高出27.0%
-3.3%
净利率更高
FSLR
高出26.2%
7.0%
两年增速更快
EXPD
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.0B |
| 净利润 | $200.7M | $346.6M |
| 毛利率 | — | 46.6% |
| 营业利润率 | 8.8% | 33.1% |
| 净利率 | 7.0% | 33.2% |
| 营收同比 | -3.3% | 23.6% |
| 净利润同比 | -14.9% | 65.4% |
| 每股收益（稀释后） | $1.50 | $3.22 |
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EXPDFSLR
| Q1 26 | — | $1.0B | ||
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $2.9B | $1.6B | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.7B | $844.6M | ||
| Q4 24 | $3.0B | $1.5B | ||
| Q3 24 | $3.0B | $887.7M | ||
| Q2 24 | $2.4B | $1.0B |
净利润EXPDFSLR
| Q1 26 | — | $346.6M | ||
| Q4 25 | $200.7M | $520.9M | ||
| Q3 25 | $222.3M | $455.9M | ||
| Q2 25 | $183.6M | $341.9M | ||
| Q1 25 | $203.8M | $209.5M | ||
| Q4 24 | $235.9M | $393.1M | ||
| Q3 24 | $229.6M | $313.0M | ||
| Q2 24 | $175.5M | $349.4M |
毛利率EXPDFSLR
| Q1 26 | — | 46.6% | ||
| Q4 25 | — | 39.5% | ||
| Q3 25 | — | 38.3% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 40.8% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 49.4% |
营业利润率EXPDFSLR
| Q1 26 | — | 33.1% | ||
| Q4 25 | 8.8% | 32.6% | ||
| Q3 25 | 10.0% | 29.2% | ||
| Q2 25 | 9.3% | 33.0% | ||
| Q1 25 | 10.0% | 26.2% | ||
| Q4 24 | 10.2% | 30.2% | ||
| Q3 24 | 10.1% | 36.3% | ||
| Q2 24 | 9.2% | 36.9% |
净利率EXPDFSLR
| Q1 26 | — | 33.2% | ||
| Q4 25 | 7.0% | 31.0% | ||
| Q3 25 | 7.7% | 28.6% | ||
| Q2 25 | 6.9% | 31.2% | ||
| Q1 25 | 7.6% | 24.8% | ||
| Q4 24 | 8.0% | 26.0% | ||
| Q3 24 | 7.7% | 35.3% | ||
| Q2 24 | 7.2% | 34.6% |
每股收益（稀释后）EXPDFSLR
| Q1 26 | — | $3.22 | ||
| Q4 25 | $1.50 | $4.84 | ||
| Q3 25 | $1.64 | $4.24 | ||
| Q2 25 | $1.34 | $3.18 | ||
| Q1 25 | $1.47 | $1.95 | ||
| Q4 24 | $1.68 | $3.66 | ||
| Q3 24 | $1.63 | $2.91 | ||
| Q2 24 | $1.24 | $3.25 |
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 | $2.4B |
| 总债务越低越好 | — | $425.8M |
| 股东权益账面价值 | $2.4B | $9.9B |
| 总资产 | $4.9B | $13.4B |
| 负债/权益比越低杠杆越低 | — | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资EXPDFSLR
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.3B | $2.8B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.3B | $837.6M | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $1.7B |
总债务EXPDFSLR
| Q1 26 | — | $425.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EXPDFSLR
| Q1 26 | — | $9.9B | ||
| Q4 25 | $2.4B | $9.5B | ||
| Q3 25 | $2.3B | $9.0B | ||
| Q2 25 | $2.2B | $8.5B | ||
| Q1 25 | $2.3B | $8.2B | ||
| Q4 24 | $2.2B | $8.0B | ||
| Q3 24 | $2.4B | $7.6B | ||
| Q2 24 | $2.2B | $7.3B |
总资产EXPDFSLR
| Q1 26 | — | $13.4B | ||
| Q4 25 | $4.9B | $13.3B | ||
| Q3 25 | $4.8B | $13.5B | ||
| Q2 25 | $4.8B | $12.9B | ||
| Q1 25 | $4.8B | $12.1B | ||
| Q4 24 | $4.8B | $12.1B | ||
| Q3 24 | $5.2B | $11.4B | ||
| Q2 24 | $4.8B | $11.0B |
负债/权益比EXPDFSLR
| Q1 26 | — | 0.04× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-214.9M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | — |
| 自由现金流率自由现金流/营收 | 9.5% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 现金转化率经营现金流/净利润 | 1.41× | -0.62× |
| 过去12个月自由现金流最近4个季度 | $953.4M | — |
8季度趋势，按日历期对齐
经营现金流EXPDFSLR
| Q1 26 | — | $-214.9M | ||
| Q4 25 | $283.3M | $1.2B | ||
| Q3 25 | $201.4M | $1.3B | ||
| Q2 25 | $179.2M | $149.6M | ||
| Q1 25 | $342.6M | $-608.0M | ||
| Q4 24 | $249.7M | $811.0M | ||
| Q3 24 | $90.0M | $-53.7M | ||
| Q2 24 | $126.8M | $193.0M |
自由现金流EXPDFSLR
| Q1 26 | — | — | ||
| Q4 25 | $270.3M | $1.1B | ||
| Q3 25 | $190.3M | $1.1B | ||
| Q2 25 | $163.3M | $-138.6M | ||
| Q1 25 | $329.5M | $-813.9M | ||
| Q4 24 | $239.7M | $497.5M | ||
| Q3 24 | $77.7M | $-487.7M | ||
| Q2 24 | $118.8M | $-172.1M |
自由现金流率EXPDFSLR
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | 63.6% | ||
| Q3 25 | 6.6% | 67.1% | ||
| Q2 25 | 6.2% | -12.6% | ||
| Q1 25 | 12.4% | -96.4% | ||
| Q4 24 | 8.1% | 32.9% | ||
| Q3 24 | 2.6% | -54.9% | ||
| Q2 24 | 4.9% | -17.0% |
资本支出强度EXPDFSLR
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 10.2% | ||
| Q3 25 | 0.4% | 12.8% | ||
| Q2 25 | 0.6% | 26.3% | ||
| Q1 25 | 0.5% | 24.4% | ||
| Q4 24 | 0.3% | 20.7% | ||
| Q3 24 | 0.4% | 48.9% | ||
| Q2 24 | 0.3% | 36.1% |
现金转化率EXPDFSLR
| Q1 26 | — | -0.62× | ||
| Q4 25 | 1.41× | 2.38× | ||
| Q3 25 | 0.91× | 2.79× | ||
| Q2 25 | 0.98× | 0.44× | ||
| Q1 25 | 1.68× | -2.90× | ||
| Q4 24 | 1.06× | 2.06× | ||
| Q3 24 | 0.39× | -0.17× | ||
| Q2 24 | 0.72× | 0.55× |
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% |
FSLR
暂无分部数据
