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福特汽车公司（F）与联邦快递（FDX）财务数据对比。点击上方公司名可切换其他公司
福特汽车公司的季度营收约是联邦快递的2.0倍（$45.9B vs $23.5B），联邦快递净利率更高（4.1% vs -24.1%，领先28.2%），联邦快递同比增速更快（6.8% vs -4.8%），联邦快递自由现金流更多（$1.2B vs $1.1B），过去两年联邦快递的营收复合增速更高（3.9% vs 3.6%）
福特汽车是总部位于美国密歇根州迪尔伯恩的跨国汽车制造商，由亨利·福特于1903年6月16日创立。公司旗下拥有主营乘用车与商用车的福特品牌，以及高端豪华车品牌林肯，在纽约证券交易所上市，由福特家族实际控股。
联邦快递（FedEx）是总部位于美国田纳西州孟菲斯的跨国集团控股企业，主营业务覆盖运输、电子商务及商业服务领域。其品牌名FedEx源自原航空业务板块Federal Express的音节缩写，该原名自1973年启用，1994年集团正式统一使用FedEx作为品牌名称。
F vs FDX — 直观对比
营收规模更大
F
是对方的2.0倍
$23.5B
营收增速更快
FDX
高出11.7%
-4.8%
净利率更高
FDX
高出28.2%
-24.1%
自由现金流更多
FDX
多$94.0M
$1.1B
两年增速更快
FDX
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $45.9B | $23.5B |
| 净利润 | $-11.1B | $956.0M |
| 毛利率 | -12.5% | — |
| 营业利润率 | -25.2% | 5.9% |
| 净利率 | -24.1% | 4.1% |
| 营收同比 | -4.8% | 6.8% |
| 净利润同比 | -706.0% | 29.0% |
| 每股收益（稀释后） | $-2.77 | $4.04 |
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FFDX
| Q4 25 | $45.9B | $23.5B | ||
| Q3 25 | $50.5B | $22.2B | ||
| Q2 25 | $50.2B | $22.2B | ||
| Q1 25 | $40.7B | $22.2B | ||
| Q4 24 | $48.2B | $22.0B | ||
| Q3 24 | $46.2B | $21.6B | ||
| Q2 24 | $47.8B | $22.1B | ||
| Q1 24 | $42.8B | $21.7B |
净利润FFDX
| Q4 25 | $-11.1B | $956.0M | ||
| Q3 25 | $2.4B | $824.0M | ||
| Q2 25 | $-36.0M | $1.6B | ||
| Q1 25 | $471.0M | $909.0M | ||
| Q4 24 | $1.8B | $741.0M | ||
| Q3 24 | $892.0M | $794.0M | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.3B | $879.0M |
毛利率FFDX
| Q4 25 | -12.5% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 13.5% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 13.0% | — | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 14.7% | — |
营业利润率FFDX
| Q4 25 | -25.2% | 5.9% | ||
| Q3 25 | 3.1% | 5.3% | ||
| Q2 25 | 1.0% | 8.1% | ||
| Q1 25 | 0.8% | 5.8% | ||
| Q4 24 | 2.6% | 4.8% | ||
| Q3 24 | 1.9% | 5.0% | ||
| Q2 24 | 3.9% | 7.0% | ||
| Q1 24 | 2.9% | 5.7% |
净利率FFDX
| Q4 25 | -24.1% | 4.1% | ||
| Q3 25 | 4.8% | 3.7% | ||
| Q2 25 | -0.1% | 7.4% | ||
| Q1 25 | 1.2% | 4.1% | ||
| Q4 24 | 3.8% | 3.4% | ||
| Q3 24 | 1.9% | 3.7% | ||
| Q2 24 | 3.8% | 6.7% | ||
| Q1 24 | 3.1% | 4.0% |
每股收益（稀释后）FFDX
| Q4 25 | $-2.77 | $4.04 | ||
| Q3 25 | $0.60 | $3.46 | ||
| Q2 25 | $-0.01 | $6.81 | ||
| Q1 25 | $0.12 | $3.76 | ||
| Q4 24 | $0.45 | $3.03 | ||
| Q3 24 | $0.22 | $3.21 | ||
| Q2 24 | $0.46 | $5.92 | ||
| Q1 24 | $0.33 | $3.51 |
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 | $38.5B | $6.6B |
| 总债务越低越好 | — | $20.3B |
| 股东权益账面价值 | $36.0B | $28.1B |
| 总资产 | $289.2B | $89.2B |
| 负债/权益比越低杠杆越低 | — | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资FFDX
| Q4 25 | $38.5B | $6.6B | ||
| Q3 25 | $42.2B | $6.2B | ||
| Q2 25 | $37.5B | $5.5B | ||
| Q1 25 | $35.2B | $5.1B | ||
| Q4 24 | $38.3B | $5.0B | ||
| Q3 24 | $36.9B | $5.9B | ||
| Q2 24 | $34.6B | $6.5B | ||
| Q1 24 | $34.5B | $5.6B |
总债务FFDX
| Q4 25 | — | $20.3B | ||
| Q3 25 | — | $20.3B | ||
| Q2 25 | — | $19.2B | ||
| Q1 25 | — | $19.5B | ||
| Q4 24 | — | $19.4B | ||
| Q3 24 | — | $19.7B | ||
| Q2 24 | — | $20.1B | ||
| Q1 24 | — | $20.1B |
股东权益FFDX
| Q4 25 | $36.0B | $28.1B | ||
| Q3 25 | $47.4B | $27.8B | ||
| Q2 25 | $45.1B | $28.1B | ||
| Q1 25 | $44.6B | $26.7B | ||
| Q4 24 | $44.8B | $26.5B | ||
| Q3 24 | $44.3B | $27.2B | ||
| Q2 24 | $43.6B | $27.6B | ||
| Q1 24 | $42.9B | $26.4B |
总资产FFDX
| Q4 25 | $289.2B | $89.2B | ||
| Q3 25 | $301.0B | $88.4B | ||
| Q2 25 | $292.7B | $87.6B | ||
| Q1 25 | $284.5B | $85.0B | ||
| Q4 24 | $285.2B | $85.5B | ||
| Q3 24 | $287.0B | $86.7B | ||
| Q2 24 | $276.6B | $87.0B | ||
| Q1 24 | $274.3B | $86.1B |
负债/权益比FFDX
| Q4 25 | — | 0.72× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.73× | ||
| Q1 24 | — | 0.76× |
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 | $3.9B | $2.0B |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $1.2B |
| 自由现金流率自由现金流/营收 | 2.4% | 5.1% |
| 资本支出强度资本支出/营收 | 6.1% | 3.2% |
| 现金转化率经营现金流/净利润 | — | 2.04× |
| 过去12个月自由现金流最近4个季度 | $12.5B | $4.3B |
8季度趋势，按日历期对齐
经营现金流FFDX
| Q4 25 | $3.9B | $2.0B | ||
| Q3 25 | $7.4B | $1.7B | ||
| Q2 25 | $6.3B | $2.5B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $3.0B | $1.3B | ||
| Q3 24 | $5.5B | $1.2B | ||
| Q2 24 | $5.5B | $2.7B | ||
| Q1 24 | $1.4B | $1.6B |
自由现金流FFDX
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $5.3B | $1.1B | ||
| Q2 25 | $4.2B | $1.0B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $530.0M | $500.0M | ||
| Q3 24 | $3.5B | $420.0M | ||
| Q2 24 | $3.4B | $1.5B | ||
| Q1 24 | $-709.0M | $231.0M |
自由现金流率FFDX
| Q4 25 | 2.4% | 5.1% | ||
| Q3 25 | 10.4% | 4.9% | ||
| Q2 25 | 8.4% | 4.7% | ||
| Q1 25 | 4.6% | 4.6% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 7.6% | 1.9% | ||
| Q2 24 | 7.1% | 6.8% | ||
| Q1 24 | -1.7% | 1.1% |
资本支出强度FFDX
| Q4 25 | 6.1% | 3.2% | ||
| Q3 25 | 4.2% | 2.8% | ||
| Q2 25 | 4.2% | 6.6% | ||
| Q1 25 | 4.5% | 4.5% | ||
| Q4 24 | 5.2% | 3.7% | ||
| Q3 24 | 4.3% | 3.6% | ||
| Q2 24 | 4.4% | 5.4% | ||
| Q1 24 | 4.9% | 6.3% |
现金转化率FFDX
| Q4 25 | — | 2.04× | ||
| Q3 25 | 3.02× | 2.08× | ||
| Q2 25 | — | 1.53× | ||
| Q1 25 | 7.81× | 2.21× | ||
| Q4 24 | 1.66× | 1.78× | ||
| Q3 24 | 6.17× | 1.49× | ||
| Q2 24 | 3.01× | 1.83× | ||
| Q1 24 | 1.04× | 1.83× |
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
F
| Ford Blue | $26.2B | 57% |
| Ford Pro | $14.9B | 33% |
| Financingincome | $2.1B | 5% |
| Ford Model E | $1.3B | 3% |
| Service And Other Revenue | $917.0M | 2% |
| Extended Service Contracts | $455.0M | 1% |
| Leasingincome | $79.0M | 0% |
| Insuranceincome | $44.0M | 0% |
FDX
| United States Ground | $9.2B | 39% |
| United States Priority | $2.8B | 12% |
| Other | $2.2B | 9% |
| Fedex Freight Segment | $2.1B | 9% |
| International Economy | $1.5B | 6% |
| Freight Revenue | $1.5B | 6% |
| United States Deferred | $1.4B | 6% |
| International Domestic | $1.3B | 5% |
| International Economy Freight | $582.0M | 2% |
| United States Freight | $304.0M | 1% |
| Other International Revenue | $240.0M | 1% |
