vs
Expeditors International（EXPD）与宜瑞安（INGR）财务数据对比。点击上方公司名可切换其他公司
Expeditors International的季度营收约是宜瑞安的1.6倍（$2.9B vs $1.8B），宜瑞安净利率更高（9.5% vs 7.0%，领先2.5%），宜瑞安同比增速更快（-2.4% vs -3.3%），Expeditors International自由现金流更多（$270.3M vs $270.0M），过去两年Expeditors International的营收复合增速更高（13.8% vs -3.4%）
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。
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
EXPD vs INGR — 直观对比
营收规模更大
EXPD
是对方的1.6倍
$1.8B
营收增速更快
INGR
高出1.0%
-3.3%
净利率更高
INGR
高出2.5%
7.0%
自由现金流更多
EXPD
多$323.0K
$270.0M
两年增速更快
EXPD
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.8B |
| 净利润 | $200.7M | $167.0M |
| 毛利率 | — | 24.5% |
| 营业利润率 | 8.8% | 12.5% |
| 净利率 | 7.0% | 9.5% |
| 营收同比 | -3.3% | -2.4% |
| 净利润同比 | -14.9% | 72.2% |
| 每股收益（稀释后） | $1.50 | $2.58 |
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EXPDINGR
| Q4 25 | $2.9B | $1.8B | ||
| Q3 25 | $2.9B | $1.8B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.7B | $1.8B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.4B | $1.9B | ||
| Q1 24 | $2.2B | $1.9B |
净利润EXPDINGR
| Q4 25 | $200.7M | $167.0M | ||
| Q3 25 | $222.3M | $171.0M | ||
| Q2 25 | $183.6M | $196.0M | ||
| Q1 25 | $203.8M | $197.0M | ||
| Q4 24 | $235.9M | $97.0M | ||
| Q3 24 | $229.6M | $188.0M | ||
| Q2 24 | $175.5M | $148.0M | ||
| Q1 24 | $169.2M | $216.0M |
毛利率EXPDINGR
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 26.0% | ||
| Q1 25 | — | 25.7% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | — | 23.7% | ||
| Q1 24 | — | 22.2% |
营业利润率EXPDINGR
| Q4 25 | 8.8% | 12.5% | ||
| Q3 25 | 10.0% | 13.7% | ||
| Q2 25 | 9.3% | 14.8% | ||
| Q1 25 | 10.0% | 15.2% | ||
| Q4 24 | 10.2% | 9.0% | ||
| Q3 24 | 10.1% | 14.3% | ||
| Q2 24 | 9.2% | 12.8% | ||
| Q1 24 | 9.7% | 11.3% |
净利率EXPDINGR
| Q4 25 | 7.0% | 9.5% | ||
| Q3 25 | 7.7% | 9.4% | ||
| Q2 25 | 6.9% | 10.7% | ||
| Q1 25 | 7.6% | 10.9% | ||
| Q4 24 | 8.0% | 5.4% | ||
| Q3 24 | 7.7% | 10.1% | ||
| Q2 24 | 7.2% | 7.9% | ||
| Q1 24 | 7.7% | 11.5% |
每股收益（稀释后）EXPDINGR
| Q4 25 | $1.50 | $2.58 | ||
| Q3 25 | $1.64 | $2.61 | ||
| Q2 25 | $1.34 | $2.99 | ||
| Q1 25 | $1.47 | $3.00 | ||
| Q4 24 | $1.68 | $1.43 | ||
| Q3 24 | $1.63 | $2.83 | ||
| Q2 24 | $1.24 | $2.22 | ||
| Q1 24 | $1.17 | $3.23 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $4.3B |
| 总资产 | $4.9B | $7.9B |
| 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EXPDINGR
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.2B | $915.0M | ||
| Q2 25 | $1.2B | $861.0M | ||
| Q1 25 | $1.3B | $837.0M | ||
| Q4 24 | $1.1B | $997.0M | ||
| Q3 24 | $1.3B | $877.0M | ||
| Q2 24 | $1.3B | $505.0M | ||
| Q1 24 | $1.4B | $438.0M |
股东权益EXPDINGR
| Q4 25 | $2.4B | $4.3B | ||
| Q3 25 | $2.3B | $4.2B | ||
| Q2 25 | $2.2B | $4.2B | ||
| Q1 25 | $2.3B | $4.0B | ||
| Q4 24 | $2.2B | $3.8B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.2B | $3.7B | ||
| Q1 24 | $2.2B | $3.7B |
总资产EXPDINGR
| Q4 25 | $4.9B | $7.9B | ||
| Q3 25 | $4.8B | $7.8B | ||
| Q2 25 | $4.8B | $7.8B | ||
| Q1 25 | $4.8B | $7.5B | ||
| Q4 24 | $4.8B | $7.4B | ||
| Q3 24 | $5.2B | $7.5B | ||
| Q2 24 | $4.8B | $7.2B | ||
| Q1 24 | $4.5B | $7.3B |
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 | $405.0M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $270.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 15.4% |
| 资本支出强度资本支出/营收 | 0.5% | 7.7% |
| 现金转化率经营现金流/净利润 | 1.41× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $511.0M |
8季度趋势，按日历期对齐
经营现金流EXPDINGR
| Q4 25 | $283.3M | $405.0M | ||
| Q3 25 | $201.4M | $277.0M | ||
| Q2 25 | $179.2M | $185.0M | ||
| Q1 25 | $342.6M | $77.0M | ||
| Q4 24 | $249.7M | $436.0M | ||
| Q3 24 | $90.0M | $479.0M | ||
| Q2 24 | $126.8M | $312.0M | ||
| Q1 24 | $256.9M | $209.0M |
自由现金流EXPDINGR
| Q4 25 | $270.3M | $270.0M | ||
| Q3 25 | $190.3M | $172.0M | ||
| Q2 25 | $163.3M | $84.0M | ||
| Q1 25 | $329.5M | $-15.0M | ||
| Q4 24 | $239.7M | $311.0M | ||
| Q3 24 | $77.7M | $429.0M | ||
| Q2 24 | $118.8M | $257.0M | ||
| Q1 24 | $246.7M | $144.0M |
自由现金流率EXPDINGR
| Q4 25 | 9.5% | 15.4% | ||
| Q3 25 | 6.6% | 9.5% | ||
| Q2 25 | 6.2% | 4.6% | ||
| Q1 25 | 12.4% | -0.8% | ||
| Q4 24 | 8.1% | 17.3% | ||
| Q3 24 | 2.6% | 22.9% | ||
| Q2 24 | 4.9% | 13.7% | ||
| Q1 24 | 11.2% | 7.7% |
资本支出强度EXPDINGR
| Q4 25 | 0.5% | 7.7% | ||
| Q3 25 | 0.4% | 5.8% | ||
| Q2 25 | 0.6% | 5.5% | ||
| Q1 25 | 0.5% | 5.1% | ||
| Q4 24 | 0.3% | 6.9% | ||
| Q3 24 | 0.4% | 2.7% | ||
| Q2 24 | 0.3% | 2.9% | ||
| Q1 24 | 0.5% | 3.5% |
现金转化率EXPDINGR
| Q4 25 | 1.41× | 2.43× | ||
| Q3 25 | 0.91× | 1.62× | ||
| Q2 25 | 0.98× | 0.94× | ||
| Q1 25 | 1.68× | 0.39× | ||
| Q4 24 | 1.06× | 4.49× | ||
| Q3 24 | 0.39× | 2.55× | ||
| Q2 24 | 0.72× | 2.11× | ||
| Q1 24 | 1.52× | 0.97× |
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% |
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
