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Expeditors International（EXPD）与QVC Group, Inc.（QVCGA）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 Group, Inc.的1.1倍（$2.9B vs $2.7B），Expeditors International净利率更高（7.0% vs -1.4%，领先8.4%），Expeditors International同比增速更快（-3.3% vs -9.1%），Expeditors International自由现金流更多（$270.3M vs $191.0M），过去两年Expeditors International的营收复合增速更高（13.8% vs 6.9%）
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 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
EXPD vs QVCGA — 直观对比
营收规模更大
EXPD
是对方的1.1倍
$2.7B
营收增速更快
EXPD
高出5.8%
-9.1%
净利率更高
EXPD
高出8.4%
-1.4%
自由现金流更多
EXPD
多$79.3M
$191.0M
两年增速更快
EXPD
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.7B |
| 净利润 | $200.7M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | 8.8% | 3.7% |
| 净利率 | 7.0% | -1.4% |
| 营收同比 | -3.3% | -9.1% |
| 净利润同比 | -14.9% | 97.1% |
| 每股收益（稀释后） | $1.50 | $-17.37 |
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EXPDQVCGA
| Q4 25 | $2.9B | $2.7B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.7B | $2.1B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $3.0B | $2.3B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.2B | $2.3B |
净利润EXPDQVCGA
| Q4 25 | $200.7M | $-37.0M | ||
| Q3 25 | $222.3M | $-80.0M | ||
| Q2 25 | $183.6M | $-2.2B | ||
| Q1 25 | $203.8M | $-100.0M | ||
| Q4 24 | $235.9M | $-1.3B | ||
| Q3 24 | $229.6M | $-23.0M | ||
| Q2 24 | $175.5M | $20.0M | ||
| Q1 24 | $169.2M | $-1.0M |
毛利率EXPDQVCGA
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 35.5% |
营业利润率EXPDQVCGA
| Q4 25 | 8.8% | 3.7% | ||
| Q3 25 | 10.0% | 2.7% | ||
| Q2 25 | 9.3% | -101.6% | ||
| Q1 25 | 10.0% | 0.7% | ||
| Q4 24 | 10.2% | -43.2% | ||
| Q3 24 | 10.1% | 6.5% | ||
| Q2 24 | 9.2% | 6.9% | ||
| Q1 24 | 9.7% | 6.2% |
净利率EXPDQVCGA
| Q4 25 | 7.0% | -1.4% | ||
| Q3 25 | 7.7% | -3.6% | ||
| Q2 25 | 6.9% | -99.4% | ||
| Q1 25 | 7.6% | -4.8% | ||
| Q4 24 | 8.0% | -43.7% | ||
| Q3 24 | 7.7% | -1.0% | ||
| Q2 24 | 7.2% | 0.8% | ||
| Q1 24 | 7.7% | -0.0% |
每股收益（稀释后）EXPDQVCGA
| Q4 25 | $1.50 | $-17.37 | ||
| Q3 25 | $1.64 | $-9.89 | ||
| Q2 25 | $1.34 | $-275.46 | ||
| Q1 25 | $1.47 | $-0.25 | ||
| Q4 24 | $1.68 | — | ||
| Q3 24 | $1.63 | $-0.06 | ||
| Q2 24 | $1.24 | $2.57 | ||
| 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 | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $2.4B | $-3.1B |
| 总资产 | $4.9B | $7.6B |
| 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EXPDQVCGA
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $897.0M | ||
| Q1 25 | $1.3B | $833.0M | ||
| Q4 24 | $1.1B | $905.0M | ||
| Q3 24 | $1.3B | $873.0M | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.4B | $1.1B |
总债务EXPDQVCGA
| Q4 25 | — | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | — | $5.5B |
股东权益EXPDQVCGA
| Q4 25 | $2.4B | $-3.1B | ||
| Q3 25 | $2.3B | $-3.1B | ||
| Q2 25 | $2.2B | $-3.0B | ||
| Q1 25 | $2.3B | $-981.0M | ||
| Q4 24 | $2.2B | $-971.0M | ||
| Q3 24 | $2.4B | $397.0M | ||
| Q2 24 | $2.2B | $328.0M | ||
| Q1 24 | $2.2B | $255.0M |
总资产EXPDQVCGA
| Q4 25 | $4.9B | $7.6B | ||
| Q3 25 | $4.8B | $7.6B | ||
| Q2 25 | $4.8B | $6.7B | ||
| Q1 25 | $4.8B | $9.0B | ||
| Q4 24 | $4.8B | $9.2B | ||
| Q3 24 | $5.2B | $10.8B | ||
| Q2 24 | $4.8B | $10.9B | ||
| Q1 24 | $4.5B | $11.0B |
负债/权益比EXPDQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.74× | ||
| Q2 24 | — | 16.28× | ||
| Q1 24 | — | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $191.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 7.1% |
| 资本支出强度资本支出/营收 | 0.5% | 2.0% |
| 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 | $118.0M |
8季度趋势，按日历期对齐
经营现金流EXPDQVCGA
| Q4 25 | $283.3M | $244.0M | ||
| Q3 25 | $201.4M | $4.0M | ||
| Q2 25 | $179.2M | $86.0M | ||
| Q1 25 | $342.6M | $-60.0M | ||
| Q4 24 | $249.7M | $212.0M | ||
| Q3 24 | $90.0M | $20.0M | ||
| Q2 24 | $126.8M | $267.0M | ||
| Q1 24 | $256.9M | $26.0M |
自由现金流EXPDQVCGA
| Q4 25 | $270.3M | $191.0M | ||
| Q3 25 | $190.3M | $-27.0M | ||
| Q2 25 | $163.3M | $48.0M | ||
| Q1 25 | $329.5M | $-94.0M | ||
| Q4 24 | $239.7M | $150.0M | ||
| Q3 24 | $77.7M | $-23.0M | ||
| Q2 24 | $118.8M | $213.0M | ||
| Q1 24 | $246.7M | $-14.0M |
自由现金流率EXPDQVCGA
| Q4 25 | 9.5% | 7.1% | ||
| Q3 25 | 6.6% | -1.2% | ||
| Q2 25 | 6.2% | 2.1% | ||
| Q1 25 | 12.4% | -4.5% | ||
| Q4 24 | 8.1% | 5.1% | ||
| Q3 24 | 2.6% | -1.0% | ||
| Q2 24 | 4.9% | 8.8% | ||
| Q1 24 | 11.2% | -0.6% |
资本支出强度EXPDQVCGA
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 0.4% | 1.4% | ||
| Q2 25 | 0.6% | 1.7% | ||
| Q1 25 | 0.5% | 1.6% | ||
| Q4 24 | 0.3% | 2.1% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.3% | 2.2% | ||
| Q1 24 | 0.5% | 1.7% |
现金转化率EXPDQVCGA
| Q4 25 | 1.41× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.72× | 13.35× | ||
| 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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
