vs
Expeditors International（EXPD）与QVC INC（QVCD）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QVC INC的1.2倍（$2.9B vs $2.4B），Expeditors International净利率更高（7.0% vs 1.5%，领先5.5%），Expeditors International同比增速更快（-3.3% vs -8.9%），过去两年Expeditors International的营收复合增速更高（13.8% vs 7.1%）
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。
QVC集团是一家美国媒体 conglomerate，由公司董事长约翰·C·马龙控股，马龙持有该集团多数有表决权股份，业务覆盖媒体相关领域，是美国颇具影响力的传媒企业集团。
EXPD vs QVCD — 直观对比
营收规模更大
EXPD
是对方的1.2倍
$2.4B
营收增速更快
EXPD
高出5.6%
-8.9%
净利率更高
EXPD
高出5.5%
1.5%
两年增速更快
EXPD
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.4B |
| 净利润 | $200.7M | $37.0M |
| 毛利率 | — | 32.5% |
| 营业利润率 | 8.8% | 5.6% |
| 净利率 | 7.0% | 1.5% |
| 营收同比 | -3.3% | -8.9% |
| 净利润同比 | -14.9% | 103.0% |
| 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EXPDQVCD
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.7B | $1.9B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.2B | $2.1B |
净利润EXPDQVCD
| Q4 25 | $200.7M | $37.0M | ||
| Q3 25 | $222.3M | $2.0M | ||
| Q2 25 | $183.6M | $-2.2B | ||
| Q1 25 | $203.8M | $-42.0M | ||
| Q4 24 | $235.9M | $-1.2B | ||
| Q3 24 | $229.6M | $51.0M | ||
| Q2 24 | $175.5M | $53.0M | ||
| Q1 24 | $169.2M | $51.0M |
毛利率EXPDQVCD
| Q4 25 | — | 32.5% | ||
| Q3 25 | — | 33.6% | ||
| Q2 25 | — | 35.4% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.0% |
营业利润率EXPDQVCD
| Q4 25 | 8.8% | 5.6% | ||
| Q3 25 | 10.0% | 4.6% | ||
| Q2 25 | 9.3% | -114.5% | ||
| Q1 25 | 10.0% | 1.5% | ||
| Q4 24 | 10.2% | -47.1% | ||
| Q3 24 | 10.1% | 7.8% | ||
| Q2 24 | 9.2% | 7.6% | ||
| Q1 24 | 9.7% | 7.4% |
净利率EXPDQVCD
| Q4 25 | 7.0% | 1.5% | ||
| Q3 25 | 7.7% | 0.1% | ||
| Q2 25 | 6.9% | -109.1% | ||
| Q1 25 | 7.6% | -2.2% | ||
| Q4 24 | 8.0% | -46.0% | ||
| Q3 24 | 7.7% | 2.4% | ||
| Q2 24 | 7.2% | 2.5% | ||
| Q1 24 | 7.7% | 2.4% |
每股收益（稀释后）EXPDQVCD
| 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 | $1.5B |
| 总债务越低越好 | — | $1.0M |
| 股东权益账面价值 | $2.4B | $1.2B |
| 总资产 | $4.9B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资EXPDQVCD
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | $297.0M | ||
| Q3 24 | $1.3B | $297.0M | ||
| Q2 24 | $1.3B | $315.0M | ||
| Q1 24 | $1.4B | $311.0M |
总债务EXPDQVCD
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
股东权益EXPDQVCD
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.3B | $3.3B | ||
| Q4 24 | $2.2B | $3.3B | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $2.2B | $4.3B | ||
| Q1 24 | $2.2B | $4.2B |
总资产EXPDQVCD
| Q4 25 | $4.9B | $8.5B | ||
| Q3 25 | $4.8B | $8.3B | ||
| Q2 25 | $4.8B | $7.4B | ||
| Q1 25 | $4.8B | $9.7B | ||
| Q4 24 | $4.8B | $9.9B | ||
| Q3 24 | $5.2B | $9.9B | ||
| Q2 24 | $4.8B | $11.2B | ||
| Q1 24 | $4.5B | $11.4B |
负债/权益比EXPDQVCD
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $245.0M |
| 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× | 6.62× |
| 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EXPDQVCD
| Q4 25 | $283.3M | $245.0M | ||
| Q3 25 | $201.4M | $76.0M | ||
| Q2 25 | $179.2M | $52.0M | ||
| Q1 25 | $342.6M | $46.0M | ||
| Q4 24 | $249.7M | $189.0M | ||
| Q3 24 | $90.0M | $98.0M | ||
| Q2 24 | $126.8M | $164.0M | ||
| Q1 24 | $256.9M | $84.0M |
自由现金流EXPDQVCD
| 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EXPDQVCD
| 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EXPDQVCD
| 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EXPDQVCD
| Q4 25 | 1.41× | 6.62× | ||
| Q3 25 | 0.91× | 38.00× | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.39× | 1.92× | ||
| Q2 24 | 0.72× | 3.09× | ||
| Q1 24 | 1.52× | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
