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Expeditors International（EXPD）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是Expeditors International的1.7倍（$4.8B vs $2.9B），Expeditors International净利率更高（7.0% vs 4.8%，领先2.2%），Vistra Corp.同比增速更快（31.2% vs -3.3%），Vistra Corp.自由现金流更多（$596.0M vs $270.3M），过去两年Vistra Corp.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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
EXPD vs VST — 直观对比
营收规模更大
VST
是对方的1.7倍
$2.9B
营收增速更快
VST
高出34.6%
-3.3%
净利率更高
EXPD
高出2.2%
4.8%
自由现金流更多
VST
多$325.7M
$270.3M
两年增速更快
VST
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.8B |
| 净利润 | $200.7M | $233.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.8% | 9.9% |
| 净利率 | 7.0% | 4.8% |
| 营收同比 | -3.3% | 31.2% |
| 净利润同比 | -14.9% | -47.2% |
| 每股收益（稀释后） | $1.50 | $0.55 |
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EXPDVST
| Q4 25 | $2.9B | $4.8B | ||
| Q3 25 | $2.9B | $4.8B | ||
| Q2 25 | $2.7B | $3.8B | ||
| Q1 25 | $2.7B | $4.3B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $3.0B | $4.3B | ||
| Q2 24 | $2.4B | $3.6B | ||
| Q1 24 | $2.2B | $3.2B |
净利润EXPDVST
| Q4 25 | $200.7M | $233.0M | ||
| Q3 25 | $222.3M | $652.0M | ||
| Q2 25 | $183.6M | $327.0M | ||
| Q1 25 | $203.8M | $-268.0M | ||
| Q4 24 | $235.9M | $441.0M | ||
| Q3 24 | $229.6M | $1.9B | ||
| Q2 24 | $175.5M | $365.0M | ||
| Q1 24 | $169.2M | $-35.0M |
营业利润率EXPDVST
| Q4 25 | 8.8% | 9.9% | ||
| Q3 25 | 10.0% | 21.7% | ||
| Q2 25 | 9.3% | 13.7% | ||
| Q1 25 | 10.0% | -2.8% | ||
| Q4 24 | 10.2% | 16.4% | ||
| Q3 24 | 10.1% | 59.6% | ||
| Q2 24 | 9.2% | 22.5% | ||
| Q1 24 | 9.7% | 2.7% |
净利率EXPDVST
| Q4 25 | 7.0% | 4.8% | ||
| Q3 25 | 7.7% | 13.6% | ||
| Q2 25 | 6.9% | 8.7% | ||
| Q1 25 | 7.6% | -6.3% | ||
| Q4 24 | 8.0% | 12.0% | ||
| Q3 24 | 7.7% | 43.5% | ||
| Q2 24 | 7.2% | 10.1% | ||
| Q1 24 | 7.7% | -1.1% |
每股收益（稀释后）EXPDVST
| Q4 25 | $1.50 | $0.55 | ||
| Q3 25 | $1.64 | $1.75 | ||
| Q2 25 | $1.34 | $0.81 | ||
| Q1 25 | $1.47 | $-0.93 | ||
| Q4 24 | $1.68 | $1.09 | ||
| Q3 24 | $1.63 | $5.25 | ||
| Q2 24 | $1.24 | $0.90 | ||
| Q1 24 | $1.17 | $-0.24 |
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 | $785.0M |
| 总债务越低越好 | — | $15.8B |
| 股东权益账面价值 | $2.4B | $5.1B |
| 总资产 | $4.9B | $41.5B |
| 负债/权益比越低杠杆越低 | — | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资EXPDVST
| Q4 25 | $1.3B | $785.0M | ||
| Q3 25 | $1.2B | $602.0M | ||
| Q2 25 | $1.2B | $458.0M | ||
| Q1 25 | $1.3B | $561.0M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.3B | $905.0M | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $1.4B | $1.1B |
总债务EXPDVST
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.9B | ||
| Q1 24 | — | $14.7B |
股东权益EXPDVST
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $2.3B | $5.2B | ||
| Q2 25 | $2.2B | $4.8B | ||
| Q1 25 | $2.3B | $4.8B | ||
| Q4 24 | $2.2B | $5.6B | ||
| Q3 24 | $2.4B | $5.4B | ||
| Q2 24 | $2.2B | $5.6B | ||
| Q1 24 | $2.2B | $5.7B |
总资产EXPDVST
| Q4 25 | $4.9B | $41.5B | ||
| Q3 25 | $4.8B | $38.0B | ||
| Q2 25 | $4.8B | $38.1B | ||
| Q1 25 | $4.8B | $38.2B | ||
| Q4 24 | $4.8B | $37.8B | ||
| Q3 24 | $5.2B | $37.9B | ||
| Q2 24 | $4.8B | $39.1B | ||
| Q1 24 | $4.5B | $38.2B |
负债/权益比EXPDVST
| Q4 25 | — | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | — | 2.77× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | — | 2.60× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $596.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 12.4% |
| 资本支出强度资本支出/营收 | 0.5% | 17.4% |
| 现金转化率经营现金流/净利润 | 1.41× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $1.3B |
8季度趋势，按日历期对齐
经营现金流EXPDVST
| Q4 25 | $283.3M | $1.4B | ||
| Q3 25 | $201.4M | $1.5B | ||
| Q2 25 | $179.2M | $572.0M | ||
| Q1 25 | $342.6M | $599.0M | ||
| Q4 24 | $249.7M | $1.4B | ||
| Q3 24 | $90.0M | $1.7B | ||
| Q2 24 | $126.8M | $1.2B | ||
| Q1 24 | $256.9M | $312.0M |
自由现金流EXPDVST
| Q4 25 | $270.3M | $596.0M | ||
| Q3 25 | $190.3M | $1.0B | ||
| Q2 25 | $163.3M | $-118.0M | ||
| Q1 25 | $329.5M | $-169.0M | ||
| Q4 24 | $239.7M | $923.0M | ||
| Q3 24 | $77.7M | $1.0B | ||
| Q2 24 | $118.8M | $698.0M | ||
| Q1 24 | $246.7M | $-153.0M |
自由现金流率EXPDVST
| Q4 25 | 9.5% | 12.4% | ||
| Q3 25 | 6.6% | 21.1% | ||
| Q2 25 | 6.2% | -3.1% | ||
| Q1 25 | 12.4% | -4.0% | ||
| Q4 24 | 8.1% | 25.2% | ||
| Q3 24 | 2.6% | 23.4% | ||
| Q2 24 | 4.9% | 19.4% | ||
| Q1 24 | 11.2% | -4.8% |
资本支出强度EXPDVST
| Q4 25 | 0.5% | 17.4% | ||
| Q3 25 | 0.4% | 9.6% | ||
| Q2 25 | 0.6% | 18.4% | ||
| Q1 25 | 0.5% | 18.1% | ||
| Q4 24 | 0.3% | 11.7% | ||
| Q3 24 | 0.4% | 15.8% | ||
| Q2 24 | 0.3% | 13.8% | ||
| Q1 24 | 0.5% | 14.7% |
现金转化率EXPDVST
| Q4 25 | 1.41× | 6.15× | ||
| Q3 25 | 0.91× | 2.25× | ||
| Q2 25 | 0.98× | 1.75× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.06× | 3.07× | ||
| Q3 24 | 0.39× | 0.90× | ||
| Q2 24 | 0.72× | 3.28× | ||
| 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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
