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Expeditors International（EXPD）与GLOBAL PARTNERS LP（GLP）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GLOBAL PARTNERS LP的1.3倍（$2.9B vs $2.2B），Expeditors International净利率更高（7.0% vs 1.1%，领先5.9%），GLOBAL PARTNERS LP同比增速更快（7.0% vs -3.3%），Expeditors International自由现金流更多（$270.3M vs $62.2M），过去两年Expeditors International的营收复合增速更高（13.8% vs 0.2%）
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。
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
EXPD vs GLP — 直观对比
营收规模更大
EXPD
是对方的1.3倍
$2.2B
营收增速更快
GLP
高出10.3%
-3.3%
净利率更高
EXPD
高出5.9%
1.1%
自由现金流更多
EXPD
多$208.1M
$62.2M
两年增速更快
EXPD
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.2B |
| 净利润 | $200.7M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | 8.8% | 2.6% |
| 净利率 | 7.0% | 1.1% |
| 营收同比 | -3.3% | 7.0% |
| 净利润同比 | -14.9% | 5.0% |
| 每股收益（稀释后） | $1.50 | — |
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EXPDGLP
| Q4 25 | $2.9B | $2.2B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | $3.0B | $2.1B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $2.4B | $2.3B | ||
| Q1 24 | $2.2B | $2.2B |
净利润EXPDGLP
| Q4 25 | $200.7M | $25.1M | ||
| Q3 25 | $222.3M | $29.0M | ||
| Q2 25 | $183.6M | $25.2M | ||
| Q1 25 | $203.8M | $18.7M | ||
| Q4 24 | $235.9M | $23.9M | ||
| Q3 24 | $229.6M | $45.9M | ||
| Q2 24 | $175.5M | $46.1M | ||
| Q1 24 | $169.2M | $-5.6M |
毛利率EXPDGLP
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 12.1% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 9.8% |
营业利润率EXPDGLP
| Q4 25 | 8.8% | 2.6% | ||
| Q3 25 | 10.0% | 2.7% | ||
| Q2 25 | 9.3% | 2.9% | ||
| Q1 25 | 10.0% | 2.6% | ||
| Q4 24 | 10.2% | 2.8% | ||
| Q3 24 | 10.1% | 3.9% | ||
| Q2 24 | 9.2% | 3.7% | ||
| Q1 24 | 9.7% | 1.2% |
净利率EXPDGLP
| Q4 25 | 7.0% | 1.1% | ||
| Q3 25 | 7.7% | 1.3% | ||
| Q2 25 | 6.9% | 1.2% | ||
| Q1 25 | 7.6% | 0.9% | ||
| Q4 24 | 8.0% | 1.2% | ||
| Q3 24 | 7.7% | 2.1% | ||
| Q2 24 | 7.2% | 2.0% | ||
| Q1 24 | 7.7% | -0.3% |
每股收益（稀释后）EXPDGLP
| Q4 25 | $1.50 | — | ||
| Q3 25 | $1.64 | — | ||
| Q2 25 | $1.34 | — | ||
| Q1 25 | $1.47 | — | ||
| Q4 24 | $1.68 | — | ||
| Q3 24 | $1.63 | — | ||
| Q2 24 | $1.24 | — | ||
| Q1 24 | $1.17 | — |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | — |
| 总资产 | $4.9B | $3.9B |
| 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EXPDGLP
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.4B | — |
股东权益EXPDGLP
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.2B | — |
总资产EXPDGLP
| Q4 25 | $4.9B | $3.9B | ||
| Q3 25 | $4.8B | $3.7B | ||
| Q2 25 | $4.8B | $3.8B | ||
| Q1 25 | $4.8B | $3.8B | ||
| Q4 24 | $4.8B | $3.8B | ||
| Q3 24 | $5.2B | $3.7B | ||
| Q2 24 | $4.8B | $3.8B | ||
| Q1 24 | $4.5B | $3.5B |
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 | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $62.2M |
| 自由现金流率自由现金流/营收 | 9.5% | 2.8% |
| 资本支出强度资本支出/营收 | 0.5% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.41× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $193.3M |
8季度趋势，按日历期对齐
经营现金流EXPDGLP
| Q4 25 | $283.3M | $101.0M | ||
| Q3 25 | $201.4M | $19.0M | ||
| Q2 25 | $179.2M | $216.3M | ||
| Q1 25 | $342.6M | $-51.6M | ||
| Q4 24 | $249.7M | $67.2M | ||
| Q3 24 | $90.0M | $122.7M | ||
| Q2 24 | $126.8M | $24.3M | ||
| Q1 24 | $256.9M | $-182.7M |
自由现金流EXPDGLP
| Q4 25 | $270.3M | $62.2M | ||
| Q3 25 | $190.3M | $-678.0K | ||
| Q2 25 | $163.3M | $201.3M | ||
| Q1 25 | $329.5M | $-69.5M | ||
| Q4 24 | $239.7M | $20.4M | ||
| Q3 24 | $77.7M | $98.4M | ||
| Q2 24 | $118.8M | $8.7M | ||
| Q1 24 | $246.7M | $-199.3M |
自由现金流率EXPDGLP
| Q4 25 | 9.5% | 2.8% | ||
| Q3 25 | 6.6% | -0.0% | ||
| Q2 25 | 6.2% | 9.7% | ||
| Q1 25 | 12.4% | -3.2% | ||
| Q4 24 | 8.1% | 1.0% | ||
| Q3 24 | 2.6% | 4.6% | ||
| Q2 24 | 4.9% | 0.4% | ||
| Q1 24 | 11.2% | -9.0% |
资本支出强度EXPDGLP
| Q4 25 | 0.5% | 1.8% | ||
| Q3 25 | 0.4% | 0.9% | ||
| Q2 25 | 0.6% | 0.7% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | 0.3% | 2.3% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.3% | 0.7% | ||
| Q1 24 | 0.5% | 0.8% |
现金转化率EXPDGLP
| Q4 25 | 1.41× | 4.03× | ||
| Q3 25 | 0.91× | 0.66× | ||
| Q2 25 | 0.98× | 8.58× | ||
| Q1 25 | 1.68× | -2.76× | ||
| Q4 24 | 1.06× | 2.82× | ||
| Q3 24 | 0.39× | 2.67× | ||
| Q2 24 | 0.72× | 0.53× | ||
| Q1 24 | 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% |
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
