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Expeditors International（EXPD）与Toast, Inc.（TOST）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Toast, Inc.的1.7倍（$2.9B vs $1.6B），Expeditors International净利率更高（7.0% vs 6.2%，领先0.8%），Toast, Inc.同比增速更快（22.0% vs -3.3%），Expeditors International自由现金流更多（$270.3M vs $178.0M），过去两年Toast, Inc.的营收复合增速更高（23.3% vs 13.8%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
EXPD vs TOST — 直观对比
营收规模更大
EXPD
是对方的1.7倍
$1.6B
营收增速更快
TOST
高出25.4%
-3.3%
净利率更高
EXPD
高出0.8%
6.2%
自由现金流更多
EXPD
多$92.3M
$178.0M
两年增速更快
TOST
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.6B |
| 净利润 | $200.7M | $101.0M |
| 毛利率 | — | 25.9% |
| 营业利润率 | 8.8% | 5.2% |
| 净利率 | 7.0% | 6.2% |
| 营收同比 | -3.3% | 22.0% |
| 净利润同比 | -14.9% | 215.6% |
| 每股收益（稀释后） | $1.50 | $0.18 |
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EXPDTOST
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.9B | $1.6B | ||
| Q2 25 | $2.7B | $1.6B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.2B | $1.1B |
净利润EXPDTOST
| Q4 25 | $200.7M | $101.0M | ||
| Q3 25 | $222.3M | $105.0M | ||
| Q2 25 | $183.6M | $80.0M | ||
| Q1 25 | $203.8M | $56.0M | ||
| Q4 24 | $235.9M | $32.0M | ||
| Q3 24 | $229.6M | $56.0M | ||
| Q2 24 | $175.5M | $14.0M | ||
| Q1 24 | $169.2M | $-83.0M |
毛利率EXPDTOST
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
营业利润率EXPDTOST
| Q4 25 | 8.8% | 5.2% | ||
| Q3 25 | 10.0% | 5.1% | ||
| Q2 25 | 9.3% | 5.2% | ||
| Q1 25 | 10.0% | 3.2% | ||
| Q4 24 | 10.2% | 2.5% | ||
| Q3 24 | 10.1% | 2.6% | ||
| Q2 24 | 9.2% | 0.4% | ||
| Q1 24 | 9.7% | -5.2% |
净利率EXPDTOST
| Q4 25 | 7.0% | 6.2% | ||
| Q3 25 | 7.7% | 6.4% | ||
| Q2 25 | 6.9% | 5.2% | ||
| Q1 25 | 7.6% | 4.2% | ||
| Q4 24 | 8.0% | 2.4% | ||
| Q3 24 | 7.7% | 4.3% | ||
| Q2 24 | 7.2% | 1.1% | ||
| Q1 24 | 7.7% | -7.7% |
每股收益（稀释后）EXPDTOST
| Q4 25 | $1.50 | $0.18 | ||
| Q3 25 | $1.64 | $0.16 | ||
| Q2 25 | $1.34 | $0.13 | ||
| Q1 25 | $1.47 | $0.09 | ||
| Q4 24 | $1.68 | $0.09 | ||
| Q3 24 | $1.63 | $0.07 | ||
| Q2 24 | $1.24 | $0.02 | ||
| Q1 24 | $1.17 | $-0.15 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $2.1B |
| 总资产 | $4.9B | $3.1B |
| 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EXPDTOST
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.1B | $903.0M | ||
| Q3 24 | $1.3B | $761.0M | ||
| Q2 24 | $1.3B | $691.0M | ||
| Q1 24 | $1.4B | $578.0M |
股东权益EXPDTOST
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
总资产EXPDTOST
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $4.8B | $3.0B | ||
| Q2 25 | $4.8B | $2.8B | ||
| Q1 25 | $4.8B | $2.6B | ||
| Q4 24 | $4.8B | $2.4B | ||
| Q3 24 | $5.2B | $2.2B | ||
| Q2 24 | $4.8B | $2.2B | ||
| Q1 24 | $4.5B | $2.1B |
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 | $194.0M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $178.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 10.9% |
| 资本支出强度资本支出/营收 | 0.5% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.92× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $608.0M |
8季度趋势，按日历期对齐
经营现金流EXPDTOST
| Q4 25 | $283.3M | $194.0M | ||
| Q3 25 | $201.4M | $165.0M | ||
| Q2 25 | $179.2M | $223.0M | ||
| Q1 25 | $342.6M | $79.0M | ||
| Q4 24 | $249.7M | $147.0M | ||
| Q3 24 | $90.0M | $109.0M | ||
| Q2 24 | $126.8M | $124.0M | ||
| Q1 24 | $256.9M | $-20.0M |
自由现金流EXPDTOST
| Q4 25 | $270.3M | $178.0M | ||
| Q3 25 | $190.3M | $153.0M | ||
| Q2 25 | $163.3M | $208.0M | ||
| Q1 25 | $329.5M | $69.0M | ||
| Q4 24 | $239.7M | $134.0M | ||
| Q3 24 | $77.7M | $97.0M | ||
| Q2 24 | $118.8M | $108.0M | ||
| Q1 24 | $246.7M | $-33.0M |
自由现金流率EXPDTOST
| Q4 25 | 9.5% | 10.9% | ||
| Q3 25 | 6.6% | 9.4% | ||
| Q2 25 | 6.2% | 13.4% | ||
| Q1 25 | 12.4% | 5.2% | ||
| Q4 24 | 8.1% | 10.0% | ||
| Q3 24 | 2.6% | 7.4% | ||
| Q2 24 | 4.9% | 8.7% | ||
| Q1 24 | 11.2% | -3.1% |
资本支出强度EXPDTOST
| Q4 25 | 0.5% | 1.0% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.6% | 1.0% | ||
| Q1 25 | 0.5% | 0.7% | ||
| Q4 24 | 0.3% | 1.0% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.3% | 1.3% | ||
| Q1 24 | 0.5% | 1.2% |
现金转化率EXPDTOST
| Q4 25 | 1.41× | 1.92× | ||
| Q3 25 | 0.91× | 1.57× | ||
| Q2 25 | 0.98× | 2.79× | ||
| Q1 25 | 1.68× | 1.41× | ||
| Q4 24 | 1.06× | 4.59× | ||
| Q3 24 | 0.39× | 1.95× | ||
| Q2 24 | 0.72× | 8.86× | ||
| 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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
