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Expeditors International（EXPD）与Texas Roadhouse, Inc.（TXRH）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Texas Roadhouse, Inc.的1.9倍（$2.9B vs $1.5B），Expeditors International净利率更高（7.0% vs 5.8%，领先1.2%），Texas Roadhouse, Inc.同比增速更快（3.1% vs -3.3%），过去两年Expeditors International的营收复合增速更高（13.8% vs 12.8%）
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。
Texas Roadhouse是美国知名牛排连锁餐厅，主打德克萨斯及美国西南部风味餐食，核心产品为各类牛排。品牌总部位于肯塔基州路易斯维尔，旗下还运营另外两个餐饮品牌。截至2025年8月，品牌在美国49个州拥有约800家门店，同时在11个国家开设了70家海外门店。
EXPD vs TXRH — 直观对比
营收规模更大
EXPD
是对方的1.9倍
$1.5B
营收增速更快
TXRH
高出6.4%
-3.3%
净利率更高
EXPD
高出1.2%
5.8%
两年增速更快
EXPD
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.5B |
| 净利润 | $200.7M | $86.7M |
| 毛利率 | — | — |
| 营业利润率 | 8.8% | 6.5% |
| 净利率 | 7.0% | 5.8% |
| 营收同比 | -3.3% | 3.1% |
| 净利润同比 | -14.9% | -26.9% |
| 每股收益（稀释后） | $1.50 | $1.29 |
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EXPDTXRH
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.7B | $1.4B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.2B | $1.3B |
净利润EXPDTXRH
| Q4 25 | $200.7M | $86.7M | ||
| Q3 25 | $222.3M | $84.9M | ||
| Q2 25 | $183.6M | $116.1M | ||
| Q1 25 | $203.8M | — | ||
| Q4 24 | $235.9M | $118.5M | ||
| Q3 24 | $229.6M | $86.8M | ||
| Q2 24 | $175.5M | $123.1M | ||
| Q1 24 | $169.2M | $116.0M |
营业利润率EXPDTXRH
| Q4 25 | 8.8% | 6.5% | ||
| Q3 25 | 10.0% | 6.7% | ||
| Q2 25 | 9.3% | 9.3% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 10.2% | 9.6% | ||
| Q3 24 | 10.1% | 8.0% | ||
| Q2 24 | 9.2% | 10.6% | ||
| Q1 24 | 9.7% | 10.1% |
净利率EXPDTXRH
| Q4 25 | 7.0% | 5.8% | ||
| Q3 25 | 7.7% | 5.9% | ||
| Q2 25 | 6.9% | 8.0% | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 8.0% | 8.2% | ||
| Q3 24 | 7.7% | 6.8% | ||
| Q2 24 | 7.2% | 9.2% | ||
| Q1 24 | 7.7% | 8.8% |
每股收益（稀释后）EXPDTXRH
| Q4 25 | $1.50 | $1.29 | ||
| Q3 25 | $1.64 | $1.25 | ||
| Q2 25 | $1.34 | $1.70 | ||
| Q1 25 | $1.47 | — | ||
| Q4 24 | $1.68 | $1.73 | ||
| Q3 24 | $1.63 | $1.26 | ||
| Q2 24 | $1.24 | $1.79 | ||
| Q1 24 | $1.17 | $1.69 |
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 | $134.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $1.5B |
| 总资产 | $4.9B | $3.5B |
| 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EXPDTXRH
| Q4 25 | $1.3B | $134.7M | ||
| Q3 25 | $1.2B | $108.2M | ||
| Q2 25 | $1.2B | $221.1M | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.1B | $245.2M | ||
| Q3 24 | $1.3B | $189.2M | ||
| Q2 24 | $1.3B | $197.5M | ||
| Q1 24 | $1.4B | $213.4M |
股东权益EXPDTXRH
| Q4 25 | $2.4B | $1.5B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $2.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
总资产EXPDTXRH
| Q4 25 | $4.9B | $3.5B | ||
| Q3 25 | $4.8B | $3.3B | ||
| Q2 25 | $4.8B | $3.2B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.8B | $3.2B | ||
| Q3 24 | $5.2B | $2.9B | ||
| Q2 24 | $4.8B | $2.9B | ||
| Q1 24 | $4.5B | $2.8B |
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% | — |
| 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EXPDTXRH
| Q4 25 | $283.3M | — | ||
| Q3 25 | $201.4M | $143.6M | ||
| Q2 25 | $179.2M | $237.7M | ||
| Q1 25 | $342.6M | — | ||
| Q4 24 | $249.7M | $237.5M | ||
| Q3 24 | $90.0M | $138.7M | ||
| Q2 24 | $126.8M | $133.9M | ||
| Q1 24 | $256.9M | $243.4M |
自由现金流EXPDTXRH
| Q4 25 | $270.3M | — | ||
| Q3 25 | $190.3M | $14.7M | ||
| Q2 25 | $163.3M | $160.4M | ||
| Q1 25 | $329.5M | — | ||
| Q4 24 | $239.7M | $129.7M | ||
| Q3 24 | $77.7M | $47.7M | ||
| Q2 24 | $118.8M | $56.1M | ||
| Q1 24 | $246.7M | $165.8M |
自由现金流率EXPDTXRH
| Q4 25 | 9.5% | — | ||
| Q3 25 | 6.6% | 1.0% | ||
| Q2 25 | 6.2% | 11.1% | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 8.1% | 9.0% | ||
| Q3 24 | 2.6% | 3.7% | ||
| Q2 24 | 4.9% | 4.2% | ||
| Q1 24 | 11.2% | 12.5% |
资本支出强度EXPDTXRH
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.4% | 9.0% | ||
| Q2 25 | 0.6% | 5.3% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | 7.5% | ||
| Q3 24 | 0.4% | 7.2% | ||
| Q2 24 | 0.3% | 5.8% | ||
| Q1 24 | 0.5% | 5.9% |
现金转化率EXPDTXRH
| Q4 25 | 1.41× | — | ||
| Q3 25 | 0.91× | 1.69× | ||
| Q2 25 | 0.98× | 2.05× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.06× | 2.00× | ||
| Q3 24 | 0.39× | 1.60× | ||
| Q2 24 | 0.72× | 1.09× | ||
| Q1 24 | 1.52× | 2.10× |
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% |
TXRH
| Food And Beverage | $1.5B | 99% |
| Texas Roadhouse Segment | $21.2M | 1% |
| Franchise | $8.2M | 1% |
| Franchise Royalty | $7.4M | 0% |
| Bubba S33Segment | $2.3M | 0% |
