vs
Expeditors International（EXPD）与韦莱韬悦（WTW）财务数据对比。点击上方公司名可切换其他公司
韦莱韬悦的季度营收约是Expeditors International的1.0倍（$2.9B vs $2.9B），韦莱韬悦净利率更高（25.5% vs 7.0%，领先18.5%），Expeditors International同比增速更快（-3.3% vs -3.5%），韦莱韬悦自由现金流更多（$708.0M vs $270.3M），过去两年Expeditors International的营收复合增速更高（13.8% vs 12.0%）
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。
韦莱韬悦是一家英美联营的跨国咨询、经纪及解决方案服务商，业务覆盖商业保险经纪与风险咨询、员工福利与薪酬咨询、退休与精算服务，同时可为养老基金、机构投资者提供专业投资建议，服务网络覆盖全球多个市场。
EXPD vs WTW — 直观对比
营收规模更大
WTW
是对方的1.0倍
$2.9B
营收增速更快
EXPD
高出0.2%
-3.5%
净利率更高
WTW
高出18.5%
7.0%
自由现金流更多
WTW
多$437.7M
$270.3M
两年增速更快
EXPD
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.9B |
| 净利润 | $200.7M | $735.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.8% | 35.3% |
| 净利率 | 7.0% | 25.5% |
| 营收同比 | -3.3% | -3.5% |
| 净利润同比 | -14.9% | -41.0% |
| 每股收益（稀释后） | $1.50 | $7.50 |
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EXPDWTW
| Q4 25 | $2.9B | $2.9B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | $3.0B | $3.0B | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $2.4B | $2.2B | ||
| Q1 24 | $2.2B | $2.3B |
净利润EXPDWTW
| Q4 25 | $200.7M | $735.0M | ||
| Q3 25 | $222.3M | $304.0M | ||
| Q2 25 | $183.6M | $331.0M | ||
| Q1 25 | $203.8M | $235.0M | ||
| Q4 24 | $235.9M | $1.2B | ||
| Q3 24 | $229.6M | $-1.7B | ||
| Q2 24 | $175.5M | $141.0M | ||
| Q1 24 | $169.2M | $190.0M |
营业利润率EXPDWTW
| Q4 25 | 8.8% | 35.3% | ||
| Q3 25 | 10.0% | 18.7% | ||
| Q2 25 | 9.3% | 16.6% | ||
| Q1 25 | 10.0% | 19.8% | ||
| Q4 24 | 10.2% | 30.2% | ||
| Q3 24 | 10.1% | -34.2% | ||
| Q2 24 | 9.2% | 9.6% | ||
| Q1 24 | 9.7% | 12.2% |
净利率EXPDWTW
| Q4 25 | 7.0% | 25.5% | ||
| Q3 25 | 7.7% | 13.6% | ||
| Q2 25 | 6.9% | 14.9% | ||
| Q1 25 | 7.6% | 10.8% | ||
| Q4 24 | 8.0% | 41.7% | ||
| Q3 24 | 7.7% | -74.8% | ||
| Q2 24 | 7.2% | 6.4% | ||
| Q1 24 | 7.7% | 8.3% |
每股收益（稀释后）EXPDWTW
| Q4 25 | $1.50 | $7.50 | ||
| Q3 25 | $1.64 | $3.11 | ||
| Q2 25 | $1.34 | $3.32 | ||
| Q1 25 | $1.47 | $2.33 | ||
| Q4 24 | $1.68 | $12.29 | ||
| Q3 24 | $1.63 | $-16.44 | ||
| Q2 24 | $1.24 | $1.36 | ||
| Q1 24 | $1.17 | $1.83 |
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 | $3.2B |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $2.4B | $8.0B |
| 总资产 | $4.9B | $29.5B |
| 负债/权益比越低杠杆越低 | — | 1.21× |
8季度趋势，按日历期对齐
现金及短期投资EXPDWTW
| Q4 25 | $1.3B | $3.2B | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.4B | $1.9B |
总债务EXPDWTW
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXPDWTW
| Q4 25 | $2.4B | $8.0B | ||
| Q3 25 | $2.3B | $7.7B | ||
| Q2 25 | $2.2B | $8.1B | ||
| Q1 25 | $2.3B | $8.1B | ||
| Q4 24 | $2.2B | $7.9B | ||
| Q3 24 | $2.4B | $7.5B | ||
| Q2 24 | $2.2B | $9.3B | ||
| Q1 24 | $2.2B | $9.5B |
总资产EXPDWTW
| Q4 25 | $4.9B | $29.5B | ||
| Q3 25 | $4.8B | $27.4B | ||
| Q2 25 | $4.8B | $28.5B | ||
| Q1 25 | $4.8B | $28.1B | ||
| Q4 24 | $4.8B | $27.7B | ||
| Q3 24 | $5.2B | $27.2B | ||
| Q2 24 | $4.8B | $29.6B | ||
| Q1 24 | $4.5B | $30.2B |
负债/权益比EXPDWTW
| Q4 25 | — | 1.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $771.0M |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $708.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 24.6% |
| 资本支出强度资本支出/营收 | 0.5% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.41× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $1.5B |
8季度趋势，按日历期对齐
经营现金流EXPDWTW
| Q4 25 | $283.3M | $771.0M | ||
| Q3 25 | $201.4M | $678.0M | ||
| Q2 25 | $179.2M | $361.0M | ||
| Q1 25 | $342.6M | $-35.0M | ||
| Q4 24 | $249.7M | $599.0M | ||
| Q3 24 | $90.0M | $482.0M | ||
| Q2 24 | $126.8M | $407.0M | ||
| Q1 24 | $256.9M | $24.0M |
自由现金流EXPDWTW
| Q4 25 | $270.3M | $708.0M | ||
| Q3 25 | $190.3M | $621.0M | ||
| Q2 25 | $163.3M | $303.0M | ||
| Q1 25 | $329.5M | $-86.0M | ||
| Q4 24 | $239.7M | $543.0M | ||
| Q3 24 | $77.7M | $419.0M | ||
| Q2 24 | $118.8M | $341.0M | ||
| Q1 24 | $246.7M | $-36.0M |
自由现金流率EXPDWTW
| Q4 25 | 9.5% | 24.6% | ||
| Q3 25 | 6.6% | 27.7% | ||
| Q2 25 | 6.2% | 13.7% | ||
| Q1 25 | 12.4% | -3.9% | ||
| Q4 24 | 8.1% | 18.2% | ||
| Q3 24 | 2.6% | 18.7% | ||
| Q2 24 | 4.9% | 15.4% | ||
| Q1 24 | 11.2% | -1.6% |
资本支出强度EXPDWTW
| Q4 25 | 0.5% | 2.2% | ||
| Q3 25 | 0.4% | 2.5% | ||
| Q2 25 | 0.6% | 2.6% | ||
| Q1 25 | 0.5% | 2.3% | ||
| Q4 24 | 0.3% | 1.9% | ||
| Q3 24 | 0.4% | 2.8% | ||
| Q2 24 | 0.3% | 3.0% | ||
| Q1 24 | 0.5% | 2.6% |
现金转化率EXPDWTW
| Q4 25 | 1.41× | 1.05× | ||
| Q3 25 | 0.91× | 2.23× | ||
| Q2 25 | 0.98× | 1.09× | ||
| Q1 25 | 1.68× | -0.15× | ||
| Q4 24 | 1.06× | 0.48× | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.72× | 2.89× | ||
| Q1 24 | 1.52× | 0.13× |
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% |
WTW
| Health Wealth And Career | $1.7B | 58% |
| GB | $566.0M | 20% |
| Broking | $465.0M | 16% |
| Other | $113.0M | 4% |
| December Thirty One Two Thousand And Twenty Four | $67.0M | 2% |
| IE | $38.0M | 1% |
