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Expeditors International（EXPD）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
Expeditors International的季度营收约是格罗方德的1.7倍（$2.9B vs $1.7B），格罗方德净利率更高（14.8% vs 7.0%，领先7.7%），格罗方德同比增速更快（-2.9% vs -3.3%），过去两年Expeditors International的营收复合增速更高（13.8% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
EXPD vs GFS — 直观对比
营收规模更大
EXPD
是对方的1.7倍
$1.7B
营收增速更快
GFS
高出0.4%
-3.3%
净利率更高
GFS
高出7.7%
7.0%
两年增速更快
EXPD
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.7B |
| 净利润 | $200.7M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | 8.8% | 11.6% |
| 净利率 | 7.0% | 14.8% |
| 营收同比 | -3.3% | -2.9% |
| 净利润同比 | -14.9% | 39.9% |
| 每股收益（稀释后） | $1.50 | $0.44 |
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EXPDGFS
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.7B | $1.6B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | $1.7B | ||
| Q2 24 | $2.4B | $1.6B | ||
| Q1 24 | $2.2B | $1.5B |
净利润EXPDGFS
| Q4 25 | $200.7M | — | ||
| Q3 25 | $222.3M | $249.0M | ||
| Q2 25 | $183.6M | $228.0M | ||
| Q1 25 | $203.8M | $211.0M | ||
| Q4 24 | $235.9M | — | ||
| Q3 24 | $229.6M | $178.0M | ||
| Q2 24 | $175.5M | $155.0M | ||
| Q1 24 | $169.2M | $134.0M |
毛利率EXPDGFS
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 24.2% | ||
| Q1 24 | — | 25.4% |
营业利润率EXPDGFS
| Q4 25 | 8.8% | — | ||
| Q3 25 | 10.0% | 11.6% | ||
| Q2 25 | 9.3% | 11.6% | ||
| Q1 25 | 10.0% | 9.5% | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 10.1% | 10.6% | ||
| Q2 24 | 9.2% | 9.5% | ||
| Q1 24 | 9.7% | 9.5% |
净利率EXPDGFS
| Q4 25 | 7.0% | — | ||
| Q3 25 | 7.7% | 14.8% | ||
| Q2 25 | 6.9% | 13.5% | ||
| Q1 25 | 7.6% | 13.3% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 7.7% | 10.2% | ||
| Q2 24 | 7.2% | 9.5% | ||
| Q1 24 | 7.7% | 8.7% |
每股收益（稀释后）EXPDGFS
| Q4 25 | $1.50 | — | ||
| Q3 25 | $1.64 | $0.44 | ||
| Q2 25 | $1.34 | $0.41 | ||
| Q1 25 | $1.47 | $0.38 | ||
| Q4 24 | $1.68 | — | ||
| Q3 24 | $1.63 | $0.32 | ||
| Q2 24 | $1.24 | $0.28 | ||
| Q1 24 | $1.17 | $0.24 |
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 | $2.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $11.8B |
| 总资产 | $4.9B | $16.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EXPDGFS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.3B | $2.2B | ||
| Q1 24 | $1.4B | $2.2B |
股东权益EXPDGFS
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | $11.8B | ||
| Q2 25 | $2.2B | $11.5B | ||
| Q1 25 | $2.3B | $11.1B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.4B | $11.6B | ||
| Q2 24 | $2.2B | $11.3B | ||
| Q1 24 | $2.2B | $11.3B |
总资产EXPDGFS
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.8B | $16.7B | ||
| Q2 25 | $4.8B | $16.8B | ||
| Q1 25 | $4.8B | $16.5B | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $5.2B | $18.1B | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $4.5B | — |
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 | $595.0M |
| 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× | 2.39× |
| 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EXPDGFS
| Q4 25 | $283.3M | — | ||
| Q3 25 | $201.4M | $595.0M | ||
| Q2 25 | $179.2M | $431.0M | ||
| Q1 25 | $342.6M | $331.0M | ||
| Q4 24 | $249.7M | — | ||
| Q3 24 | $90.0M | $375.0M | ||
| Q2 24 | $126.8M | $402.0M | ||
| Q1 24 | $256.9M | $488.0M |
自由现金流EXPDGFS
| Q4 25 | $270.3M | — | ||
| Q3 25 | $190.3M | — | ||
| Q2 25 | $163.3M | — | ||
| Q1 25 | $329.5M | — | ||
| Q4 24 | $239.7M | — | ||
| Q3 24 | $77.7M | — | ||
| Q2 24 | $118.8M | — | ||
| Q1 24 | $246.7M | — |
自由现金流率EXPDGFS
| Q4 25 | 9.5% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 4.9% | — | ||
| Q1 24 | 11.2% | — |
资本支出强度EXPDGFS
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.5% | — |
现金转化率EXPDGFS
| Q4 25 | 1.41× | — | ||
| Q3 25 | 0.91× | 2.39× | ||
| Q2 25 | 0.98× | 1.89× | ||
| Q1 25 | 1.68× | 1.57× | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.39× | 2.11× | ||
| Q2 24 | 0.72× | 2.59× | ||
| Q1 24 | 1.52× | 3.64× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
