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Expeditors International（EXPD）与道富集团（STT）财务数据对比。点击上方公司名可切换其他公司
道富集团的季度营收约是Expeditors International的1.3倍（$3.7B vs $2.9B），道富集团净利率更高（20.4% vs 7.0%，领先13.3%），道富集团同比增速更快（7.5% vs -3.3%），道富集团自由现金流更多（$9.8B vs $270.3M），过去两年Expeditors International的营收复合增速更高（13.8% vs 8.1%）
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。
道富集团是总部位于美国波士顿的跨国金融服务及银行控股公司，历史可追溯至1792年成立的联合银行，是美国运营历史第二悠久的存续银行。作为全球顶尖的资产管理与托管机构，截至2025年第三季度，其管理资产规模约5.4万亿美元，托管及管理资产总规模达51.7万亿美元。
EXPD vs STT — 直观对比
营收规模更大
STT
是对方的1.3倍
$2.9B
营收增速更快
STT
高出10.8%
-3.3%
净利率更高
STT
高出13.3%
7.0%
自由现金流更多
STT
多$9.5B
$270.3M
两年增速更快
EXPD
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.7B |
| 净利润 | $200.7M | $747.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.8% | 25.0% |
| 净利率 | 7.0% | 20.4% |
| 营收同比 | -3.3% | 7.5% |
| 净利润同比 | -14.9% | -4.6% |
| 每股收益（稀释后） | $1.50 | $2.41 |
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EXPDSTT
| Q4 25 | $2.9B | $3.7B | ||
| Q3 25 | $2.9B | $3.5B | ||
| Q2 25 | $2.7B | $3.4B | ||
| Q1 25 | $2.7B | $3.3B | ||
| Q4 24 | $3.0B | $3.4B | ||
| Q3 24 | $3.0B | $3.3B | ||
| Q2 24 | $2.4B | $3.2B | ||
| Q1 24 | $2.2B | $3.1B |
净利润EXPDSTT
| Q4 25 | $200.7M | $747.0M | ||
| Q3 25 | $222.3M | $861.0M | ||
| Q2 25 | $183.6M | $693.0M | ||
| Q1 25 | $203.8M | $644.0M | ||
| Q4 24 | $235.9M | $783.0M | ||
| Q3 24 | $229.6M | $730.0M | ||
| Q2 24 | $175.5M | $711.0M | ||
| Q1 24 | $169.2M | $463.0M |
营业利润率EXPDSTT
| Q4 25 | 8.8% | 25.0% | ||
| Q3 25 | 10.0% | 31.1% | ||
| Q2 25 | 9.3% | 25.8% | ||
| Q1 25 | 10.0% | 25.0% | ||
| Q4 24 | 10.2% | 28.1% | ||
| Q3 24 | 10.1% | 28.4% | ||
| Q2 24 | 9.2% | 28.6% | ||
| Q1 24 | 9.7% | 19.1% |
净利率EXPDSTT
| Q4 25 | 7.0% | 20.4% | ||
| Q3 25 | 7.7% | 24.3% | ||
| Q2 25 | 6.9% | 20.1% | ||
| Q1 25 | 7.6% | 19.6% | ||
| Q4 24 | 8.0% | 22.9% | ||
| Q3 24 | 7.7% | 22.4% | ||
| Q2 24 | 7.2% | 22.3% | ||
| Q1 24 | 7.7% | 14.8% |
每股收益（稀释后）EXPDSTT
| Q4 25 | $1.50 | $2.41 | ||
| Q3 25 | $1.64 | $2.78 | ||
| Q2 25 | $1.34 | $2.17 | ||
| Q1 25 | $1.47 | $2.04 | ||
| Q4 24 | $1.68 | $2.43 | ||
| Q3 24 | $1.63 | $2.26 | ||
| Q2 24 | $1.24 | $2.15 | ||
| Q1 24 | $1.17 | $1.37 |
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 | $27.8B |
| 总资产 | $4.9B | $366.0B |
| 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EXPDSTT
| 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EXPDSTT
| Q4 25 | $2.4B | $27.8B | ||
| Q3 25 | $2.3B | $27.6B | ||
| Q2 25 | $2.2B | $27.3B | ||
| Q1 25 | $2.3B | $26.7B | ||
| Q4 24 | $2.2B | $25.3B | ||
| Q3 24 | $2.4B | $25.8B | ||
| Q2 24 | $2.2B | $24.8B | ||
| Q1 24 | $2.2B | $24.4B |
总资产EXPDSTT
| Q4 25 | $4.9B | $366.0B | ||
| Q3 25 | $4.8B | $371.1B | ||
| Q2 25 | $4.8B | $376.7B | ||
| Q1 25 | $4.8B | $372.7B | ||
| Q4 24 | $4.8B | $353.2B | ||
| Q3 24 | $5.2B | $338.5B | ||
| Q2 24 | $4.8B | $325.6B | ||
| Q1 24 | $4.5B | $338.0B |
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 | $10.0B |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $9.8B |
| 自由现金流率自由现金流/营收 | 9.5% | 266.6% |
| 资本支出强度资本支出/营收 | 0.5% | 7.3% |
| 现金转化率经营现金流/净利润 | 1.41× | 13.44× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $10.8B |
8季度趋势，按日历期对齐
经营现金流EXPDSTT
| Q4 25 | $283.3M | $10.0B | ||
| Q3 25 | $201.4M | $7.9B | ||
| Q2 25 | $179.2M | $-8.4B | ||
| Q1 25 | $342.6M | $2.4B | ||
| Q4 24 | $249.7M | $-7.4B | ||
| Q3 24 | $90.0M | $2.7B | ||
| Q2 24 | $126.8M | $-7.6B | ||
| Q1 24 | $256.9M | $-844.0M |
自由现金流EXPDSTT
| Q4 25 | $270.3M | $9.8B | ||
| Q3 25 | $190.3M | $7.7B | ||
| Q2 25 | $163.3M | $-8.8B | ||
| Q1 25 | $329.5M | $2.2B | ||
| Q4 24 | $239.7M | $-7.7B | ||
| Q3 24 | $77.7M | $2.5B | ||
| Q2 24 | $118.8M | $-7.9B | ||
| Q1 24 | $246.7M | $-1.1B |
自由现金流率EXPDSTT
| Q4 25 | 9.5% | 266.6% | ||
| Q3 25 | 6.6% | 216.0% | ||
| Q2 25 | 6.2% | -254.1% | ||
| Q1 25 | 12.4% | 66.1% | ||
| Q4 24 | 8.1% | -225.1% | ||
| Q3 24 | 2.6% | 75.9% | ||
| Q2 24 | 4.9% | -246.2% | ||
| Q1 24 | 11.2% | -34.2% |
资本支出强度EXPDSTT
| Q4 25 | 0.5% | 7.3% | ||
| Q3 25 | 0.4% | 6.9% | ||
| Q2 25 | 0.6% | 9.3% | ||
| Q1 25 | 0.5% | 6.9% | ||
| Q4 24 | 0.3% | 7.3% | ||
| Q3 24 | 0.4% | 7.2% | ||
| Q2 24 | 0.3% | 6.7% | ||
| Q1 24 | 0.5% | 7.3% |
现金转化率EXPDSTT
| Q4 25 | 1.41× | 13.44× | ||
| Q3 25 | 0.91× | 9.18× | ||
| Q2 25 | 0.98× | -12.18× | ||
| Q1 25 | 1.68× | 3.72× | ||
| Q4 24 | 1.06× | -9.49× | ||
| Q3 24 | 0.39× | 3.71× | ||
| Q2 24 | 0.72× | -10.75× | ||
| Q1 24 | 1.52× | -1.82× |
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% |
STT
| Other | $2.2B | 59% |
| Investment Management | $729.0M | 20% |
| Management Services | $662.0M | 18% |
| Other Fee Revenue | $56.0M | 2% |
| Securities Financing Services | $54.0M | 1% |
