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Expeditors International（EXPD）与Ventas（VTR）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Ventas的1.7倍（$2.9B vs $1.7B），Expeditors International净利率更高（7.0% vs 3.6%，领先3.5%），Ventas同比增速更快（22.0% vs -3.3%），过去两年Ventas的营收复合增速更高（17.5% 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。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
EXPD vs VTR — 直观对比
营收规模更大
EXPD
是对方的1.7倍
$1.7B
营收增速更快
VTR
高出25.3%
-3.3%
净利率更高
EXPD
高出3.5%
3.6%
两年增速更快
VTR
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $1.7B |
| 净利润 | $200.7M | $59.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.8% | — |
| 净利率 | 7.0% | 3.6% |
| 营收同比 | -3.3% | 22.0% |
| 净利润同比 | -14.9% | 19.0% |
| 每股收益（稀释后） | $1.50 | — |
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EXPDVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $2.7B | $1.4B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B |
净利润EXPDVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | $200.7M | $73.0M | ||
| Q3 25 | $222.3M | $68.7M | ||
| Q2 25 | $183.6M | $71.5M | ||
| Q1 25 | $203.8M | $48.4M | ||
| Q4 24 | $235.9M | $58.7M | ||
| Q3 24 | $229.6M | $21.0M | ||
| Q2 24 | $175.5M | $21.2M |
营业利润率EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 4.9% | ||
| Q3 25 | 10.0% | 3.0% | ||
| Q2 25 | 9.3% | 3.0% | ||
| Q1 25 | 10.0% | 3.0% | ||
| Q4 24 | 10.2% | -0.0% | ||
| Q3 24 | 10.1% | 1.5% | ||
| Q2 24 | 9.2% | -1.6% |
净利率EXPDVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | 7.0% | 4.7% | ||
| Q3 25 | 7.7% | 4.6% | ||
| Q2 25 | 6.9% | 5.0% | ||
| Q1 25 | 7.6% | 3.6% | ||
| Q4 24 | 8.0% | 4.6% | ||
| Q3 24 | 7.7% | 1.7% | ||
| Q2 24 | 7.2% | 1.8% |
每股收益（稀释后）EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | $1.50 | $0.15 | ||
| Q3 25 | $1.64 | $0.14 | ||
| Q2 25 | $1.34 | $0.15 | ||
| Q1 25 | $1.47 | $0.10 | ||
| Q4 24 | $1.68 | $0.13 | ||
| Q3 24 | $1.63 | $0.05 | ||
| Q2 24 | $1.24 | $0.05 |
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 | $183.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $13.2B |
| 总资产 | $4.9B | $27.7B |
| 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EXPDVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | $1.3B | $741.1M | ||
| Q3 25 | $1.2B | $188.6M | ||
| Q2 25 | $1.2B | $614.2M | ||
| Q1 25 | $1.3B | $182.3M | ||
| Q4 24 | $1.1B | $897.9M | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $557.1M |
总债务EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $13.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益EXPDVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | $2.4B | $12.5B | ||
| Q3 25 | $2.3B | $12.4B | ||
| Q2 25 | $2.2B | $11.5B | ||
| Q1 25 | $2.3B | $11.5B | ||
| Q4 24 | $2.2B | $10.8B | ||
| Q3 24 | $2.4B | $9.8B | ||
| Q2 24 | $2.2B | $9.6B |
总资产EXPDVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | $4.9B | $27.6B | ||
| Q3 25 | $4.8B | $26.9B | ||
| Q2 25 | $4.8B | $26.5B | ||
| Q1 25 | $4.8B | $26.0B | ||
| Q4 24 | $4.8B | $26.2B | ||
| Q3 24 | $5.2B | $25.3B | ||
| Q2 24 | $4.8B | $24.5B |
负债/权益比EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | $283.3M | $471.7M | ||
| Q3 25 | $201.4M | $378.6M | ||
| Q2 25 | $179.2M | $475.3M | ||
| Q1 25 | $342.6M | $321.1M | ||
| Q4 24 | $249.7M | $373.6M | ||
| Q3 24 | $90.0M | $353.7M | ||
| Q2 24 | $126.8M | $335.9M |
自由现金流EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | $270.3M | — | ||
| Q3 25 | $190.3M | — | ||
| Q2 25 | $163.3M | — | ||
| Q1 25 | $329.5M | — | ||
| Q4 24 | $239.7M | — | ||
| Q3 24 | $77.7M | — | ||
| Q2 24 | $118.8M | — |
自由现金流率EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | 9.5% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 4.9% | — |
资本支出强度EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.3% | — |
现金转化率EXPDVTR
| Q1 26 | — | — | ||
| Q4 25 | 1.41× | 6.46× | ||
| Q3 25 | 0.91× | 5.51× | ||
| Q2 25 | 0.98× | 6.65× | ||
| Q1 25 | 1.68× | 6.64× | ||
| Q4 24 | 1.06× | 6.36× | ||
| Q3 24 | 0.39× | 16.84× | ||
| Q2 24 | 0.72× | 15.87× |
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% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
