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Expeditors International（EXPD）与PENN Entertainment, Inc.（PENN）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PENN Entertainment, Inc.的1.6倍（$2.9B vs $1.8B），Expeditors International净利率更高（7.0% vs -0.2%，领先7.2%），PENN Entertainment, Inc.同比增速更快（6.4% vs -3.3%），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。
Penn Entertainment, Inc.（前称宾州国家博彩）是美国知名娱乐企业，业务涵盖综合娱乐运营、体育内容供给及赌场博彩服务，旗下运营好莱坞赌场、Ameristar、Boomtown等品牌，在全美20个州拥有43处经营场所，同时持有加拿大数字媒体企业Score Media and Gaming的所有权。
EXPD vs PENN — 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
PENN
高出9.7%
-3.3%
净利率更高
EXPD
高出7.2%
-0.2%
两年增速更快
EXPD
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.8B |
| 净利润 | $200.7M | $-2.8M |
| 毛利率 | — | — |
| 营业利润率 | 8.8% | 5.5% |
| 净利率 | 7.0% | -0.2% |
| 营收同比 | -3.3% | 6.4% |
| 净利润同比 | -14.9% | 66.7% |
| 每股收益（稀释后） | $1.50 | $-0.02 |
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EXPDPENN
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.9B | $1.8B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.7B | $1.7B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.0B | $1.6B | ||
| Q2 24 | $2.4B | $1.7B |
净利润EXPDPENN
| Q1 26 | — | $-2.8M | ||
| Q4 25 | $200.7M | $-72.9M | ||
| Q3 25 | $222.3M | $-864.6M | ||
| Q2 25 | $183.6M | $-17.4M | ||
| Q1 25 | $203.8M | $111.8M | ||
| Q4 24 | $235.9M | $-133.3M | ||
| Q3 24 | $229.6M | $-36.7M | ||
| Q2 24 | $175.5M | $-26.8M |
营业利润率EXPDPENN
| Q1 26 | — | 5.5% | ||
| Q4 25 | 8.8% | -1.0% | ||
| Q3 25 | 10.0% | -45.2% | ||
| Q2 25 | 9.3% | 4.4% | ||
| Q1 25 | 10.0% | 2.6% | ||
| Q4 24 | 10.2% | -2.9% | ||
| Q3 24 | 10.1% | 4.1% | ||
| Q2 24 | 9.2% | 4.5% |
净利率EXPDPENN
| Q1 26 | — | -0.2% | ||
| Q4 25 | 7.0% | -4.0% | ||
| Q3 25 | 7.7% | -50.3% | ||
| Q2 25 | 6.9% | -1.0% | ||
| Q1 25 | 7.6% | 6.7% | ||
| Q4 24 | 8.0% | -8.0% | ||
| Q3 24 | 7.7% | -2.2% | ||
| Q2 24 | 7.2% | -1.6% |
每股收益（稀释后）EXPDPENN
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $1.50 | $-0.36 | ||
| Q3 25 | $1.64 | $-6.03 | ||
| Q2 25 | $1.34 | $-0.12 | ||
| Q1 25 | $1.47 | $0.68 | ||
| Q4 24 | $1.68 | $-0.87 | ||
| Q3 24 | $1.63 | $-0.24 | ||
| Q2 24 | $1.24 | $-0.18 |
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 | $708.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | — |
| 总资产 | $4.9B | — |
| 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EXPDPENN
| Q1 26 | — | $708.0M | ||
| Q4 25 | $1.3B | $686.6M | ||
| Q3 25 | $1.2B | $660.1M | ||
| Q2 25 | $1.2B | $671.6M | ||
| Q1 25 | $1.3B | $591.6M | ||
| Q4 24 | $1.1B | $706.6M | ||
| Q3 24 | $1.3B | $834.0M | ||
| Q2 24 | $1.3B | $877.6M |
总债务EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.8B |
股东权益EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $1.8B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.2B | $3.0B | ||
| Q1 25 | $2.3B | $3.0B | ||
| Q4 24 | $2.2B | $2.9B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.2B | $3.1B |
总资产EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $14.3B | ||
| Q3 25 | $4.8B | $14.3B | ||
| Q2 25 | $4.8B | $15.2B | ||
| Q1 25 | $4.8B | $15.1B | ||
| Q4 24 | $4.8B | $15.3B | ||
| Q3 24 | $5.2B | $15.5B | ||
| Q2 24 | $4.8B | $15.5B |
负债/权益比EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.89× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.91× |
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 | — |
| 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% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.41× | — |
| 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EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | $283.3M | $107.2M | ||
| Q3 25 | $201.4M | $180.9M | ||
| Q2 25 | $179.2M | $178.2M | ||
| Q1 25 | $342.6M | $41.9M | ||
| Q4 24 | $249.7M | $102.9M | ||
| Q3 24 | $90.0M | $174.7M | ||
| Q2 24 | $126.8M | $150.4M |
自由现金流EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | $270.3M | $-83.2M | ||
| Q3 25 | $190.3M | $8.2M | ||
| Q2 25 | $163.3M | $18.8M | ||
| Q1 25 | $329.5M | $-83.3M | ||
| Q4 24 | $239.7M | $-118.1M | ||
| Q3 24 | $77.7M | $42.6M | ||
| Q2 24 | $118.8M | $62.2M |
自由现金流率EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | -4.6% | ||
| Q3 25 | 6.6% | 0.5% | ||
| Q2 25 | 6.2% | 1.1% | ||
| Q1 25 | 12.4% | -5.0% | ||
| Q4 24 | 8.1% | -7.1% | ||
| Q3 24 | 2.6% | 2.6% | ||
| Q2 24 | 4.9% | 3.7% |
资本支出强度EXPDPENN
| Q1 26 | — | 5.3% | ||
| Q4 25 | 0.5% | 10.5% | ||
| Q3 25 | 0.4% | 10.1% | ||
| Q2 25 | 0.6% | 9.0% | ||
| Q1 25 | 0.5% | 7.5% | ||
| Q4 24 | 0.3% | 13.2% | ||
| Q3 24 | 0.4% | 8.1% | ||
| Q2 24 | 0.3% | 5.3% |
现金转化率EXPDPENN
| Q1 26 | — | — | ||
| Q4 25 | 1.41× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.68× | 0.37× | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.72× | — |
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% |
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
