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Expeditors International（EXPD）与Wayfair Inc.（W）财务数据对比。点击上方公司名可切换其他公司
Wayfair Inc.的季度营收约是Expeditors International的1.2倍（$3.3B vs $2.9B），Expeditors International净利率更高（7.0% vs -3.5%，领先10.5%），Wayfair Inc.同比增速更快（6.9% vs -3.3%），Expeditors International自由现金流更多（$270.3M vs $177.0M），过去两年Expeditors International的营收复合增速更高（13.8% vs 10.6%）
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。
Wayfair Inc.是总部位于美国马萨诸塞州波士顿的电商企业，2002年成立，前身为CSN Stores，专注于家具及家居用品线上销售。目前平台提供来自全球11000余家供应商的1400万款商品，业务遍及北美、加拿大、德国、爱尔兰、中国、英国等国家和地区。
EXPD vs W — 直观对比
营收规模更大
W
是对方的1.2倍
$2.9B
营收增速更快
W
高出10.3%
-3.3%
净利率更高
EXPD
高出10.5%
-3.5%
自由现金流更多
EXPD
多$93.3M
$177.0M
两年增速更快
EXPD
近两年复合增速
10.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $3.3B |
| 净利润 | $200.7M | $-116.0M |
| 毛利率 | — | 30.3% |
| 营业利润率 | 8.8% | 2.5% |
| 净利率 | 7.0% | -3.5% |
| 营收同比 | -3.3% | 6.9% |
| 净利润同比 | -14.9% | 9.4% |
| 每股收益（稀释后） | $1.50 | $-0.90 |
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EXPDW
| Q4 25 | $2.9B | $3.3B | ||
| Q3 25 | $2.9B | $3.1B | ||
| Q2 25 | $2.7B | $3.3B | ||
| Q1 25 | $2.7B | $2.7B | ||
| Q4 24 | $3.0B | $3.1B | ||
| Q3 24 | $3.0B | $2.9B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | $2.2B | $2.7B |
净利润EXPDW
| Q4 25 | $200.7M | $-116.0M | ||
| Q3 25 | $222.3M | $-99.0M | ||
| Q2 25 | $183.6M | $15.0M | ||
| Q1 25 | $203.8M | $-113.0M | ||
| Q4 24 | $235.9M | $-128.0M | ||
| Q3 24 | $229.6M | $-74.0M | ||
| Q2 24 | $175.5M | $-42.0M | ||
| Q1 24 | $169.2M | $-248.0M |
毛利率EXPDW
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 30.0% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 30.0% |
营业利润率EXPDW
| Q4 25 | 8.8% | 2.5% | ||
| Q3 25 | 10.0% | 1.2% | ||
| Q2 25 | 9.3% | 0.5% | ||
| Q1 25 | 10.0% | -4.5% | ||
| Q4 24 | 10.2% | -3.7% | ||
| Q3 24 | 10.1% | -2.6% | ||
| Q2 24 | 9.2% | -1.1% | ||
| Q1 24 | 9.7% | -8.6% |
净利率EXPDW
| Q4 25 | 7.0% | -3.5% | ||
| Q3 25 | 7.7% | -3.2% | ||
| Q2 25 | 6.9% | 0.5% | ||
| Q1 25 | 7.6% | -4.1% | ||
| Q4 24 | 8.0% | -4.1% | ||
| Q3 24 | 7.7% | -2.6% | ||
| Q2 24 | 7.2% | -1.3% | ||
| Q1 24 | 7.7% | -9.1% |
每股收益（稀释后）EXPDW
| Q4 25 | $1.50 | $-0.90 | ||
| Q3 25 | $1.64 | $-0.76 | ||
| Q2 25 | $1.34 | $0.11 | ||
| Q1 25 | $1.47 | $-0.89 | ||
| Q4 24 | $1.68 | $-1.01 | ||
| Q3 24 | $1.63 | $-0.60 | ||
| Q2 24 | $1.24 | $-0.34 | ||
| Q1 24 | $1.17 | $-2.06 |
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 | $1.5B |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $2.4B | $-2.8B |
| 总资产 | $4.9B | $3.4B |
| 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EXPDW
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.4B | $1.2B |
总债务EXPDW
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益EXPDW
| Q4 25 | $2.4B | $-2.8B | ||
| Q3 25 | $2.3B | $-2.8B | ||
| Q2 25 | $2.2B | $-2.7B | ||
| Q1 25 | $2.3B | $-2.8B | ||
| Q4 24 | $2.2B | $-2.8B | ||
| Q3 24 | $2.4B | $-2.7B | ||
| Q2 24 | $2.2B | $-2.8B | ||
| Q1 24 | $2.2B | $-2.8B |
总资产EXPDW
| Q4 25 | $4.9B | $3.4B | ||
| Q3 25 | $4.8B | $3.1B | ||
| Q2 25 | $4.8B | $3.3B | ||
| Q1 25 | $4.8B | $3.4B | ||
| Q4 24 | $4.8B | $3.5B | ||
| Q3 24 | $5.2B | $3.4B | ||
| Q2 24 | $4.8B | $3.4B | ||
| Q1 24 | $4.5B | $3.2B |
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 | $202.0M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $177.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 5.3% |
| 资本支出强度资本支出/营收 | 0.5% | 0.7% |
| 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 | $464.0M |
8季度趋势，按日历期对齐
经营现金流EXPDW
| Q4 25 | $283.3M | $202.0M | ||
| Q3 25 | $201.4M | $155.0M | ||
| Q2 25 | $179.2M | $273.0M | ||
| Q1 25 | $342.6M | $-96.0M | ||
| Q4 24 | $249.7M | $162.0M | ||
| Q3 24 | $90.0M | $49.0M | ||
| Q2 24 | $126.8M | $245.0M | ||
| Q1 24 | $256.9M | $-139.0M |
自由现金流EXPDW
| Q4 25 | $270.3M | $177.0M | ||
| Q3 25 | $190.3M | $128.0M | ||
| Q2 25 | $163.3M | $260.0M | ||
| Q1 25 | $329.5M | $-101.0M | ||
| Q4 24 | $239.7M | $142.0M | ||
| Q3 24 | $77.7M | $32.0M | ||
| Q2 24 | $118.8M | $222.0M | ||
| Q1 24 | $246.7M | $-152.0M |
自由现金流率EXPDW
| Q4 25 | 9.5% | 5.3% | ||
| Q3 25 | 6.6% | 4.1% | ||
| Q2 25 | 6.2% | 7.9% | ||
| Q1 25 | 12.4% | -3.7% | ||
| Q4 24 | 8.1% | 4.5% | ||
| Q3 24 | 2.6% | 1.1% | ||
| Q2 24 | 4.9% | 7.1% | ||
| Q1 24 | 11.2% | -5.6% |
资本支出强度EXPDW
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 0.4% | 0.9% | ||
| Q2 25 | 0.6% | 0.4% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 0.3% | 0.6% | ||
| Q3 24 | 0.4% | 0.6% | ||
| Q2 24 | 0.3% | 0.7% | ||
| Q1 24 | 0.5% | 0.5% |
现金转化率EXPDW
| Q4 25 | 1.41× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.98× | 18.20× | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.72× | — | ||
| 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% |
W
| US Segment | $2.9B | 88% |
| International Segment | $395.0M | 12% |
