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First American Financial Corp（FAF）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是First American Financial Corp的1.5倍（$3.1B vs $2.0B），First American Financial Corp净利率更高（10.3% vs 3.0%，领先7.4%），First American Financial Corp同比增速更快（21.6% vs 1.0%），First American Financial Corp自由现金流更多（$324.5M vs $273.0M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs -0.9%）
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
FAF vs R — 直观对比
营收规模更大
R
是对方的1.5倍
$2.0B
营收增速更快
FAF
高出20.6%
1.0%
净利率更高
FAF
高出7.4%
3.0%
自由现金流更多
FAF
多$51.5M
$273.0M
两年增速更快
FAF
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.1B |
| 净利润 | $211.9M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | — |
| 净利率 | 10.3% | 3.0% |
| 营收同比 | 21.6% | 1.0% |
| 净利润同比 | 192.7% | -5.1% |
| 每股收益（稀释后） | $2.04 | $2.34 |
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FAFR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.0B | $3.2B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.6B | $3.1B | ||
| Q4 24 | $1.7B | $3.2B | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.6B | $3.2B |
净利润FAFR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $211.9M | $132.0M | ||
| Q3 25 | $189.6M | $138.0M | ||
| Q2 25 | $146.1M | $131.0M | ||
| Q1 25 | $74.2M | $98.0M | ||
| Q4 24 | $72.4M | $135.0M | ||
| Q3 24 | $-104.0M | $142.0M | ||
| Q2 24 | $116.0M | $127.0M |
营业利润率FAFR
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 5.6% | ||
| Q3 25 | 12.5% | 6.0% | ||
| Q2 25 | 10.6% | 5.8% | ||
| Q1 25 | 6.1% | 4.3% | ||
| Q4 24 | 5.9% | 5.7% | ||
| Q3 24 | -10.3% | 5.9% | ||
| Q2 24 | 9.4% | 5.6% |
净利率FAFR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 10.3% | 4.2% | ||
| Q3 25 | 9.6% | 4.4% | ||
| Q2 25 | 7.9% | 4.1% | ||
| Q1 25 | 4.7% | 3.1% | ||
| Q4 24 | 4.3% | 4.2% | ||
| Q3 24 | -7.4% | 4.5% | ||
| Q2 24 | 7.2% | 4.0% |
每股收益（稀释后）FAFR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $2.04 | $3.22 | ||
| Q3 25 | $1.84 | $3.32 | ||
| Q2 25 | $1.41 | $3.13 | ||
| Q1 25 | $0.71 | $2.27 | ||
| Q4 24 | $0.70 | $3.09 | ||
| Q3 24 | $-1.00 | $3.24 | ||
| Q2 24 | $1.11 | $2.84 |
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 | $1.4B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.5B | $2.9B |
| 总资产 | $16.2B | — |
| 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FAFR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.4B | $198.0M | ||
| Q3 25 | $2.9B | $189.0M | ||
| Q2 25 | $2.0B | $180.0M | ||
| Q1 25 | $2.0B | $151.0M | ||
| Q4 24 | $1.7B | $154.0M | ||
| Q3 24 | $3.0B | $162.0M | ||
| Q2 24 | $2.0B | $164.0M |
总债务FAFR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益FAFR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $5.5B | $3.1B | ||
| Q3 25 | $5.3B | $3.1B | ||
| Q2 25 | $5.1B | $3.1B | ||
| Q1 25 | $5.0B | $3.0B | ||
| Q4 24 | $4.9B | $3.1B | ||
| Q3 24 | $5.1B | $3.1B | ||
| Q2 24 | $4.8B | $3.1B |
总资产FAFR
| Q1 26 | — | — | ||
| Q4 25 | $16.2B | $16.4B | ||
| Q3 25 | $17.6B | $16.5B | ||
| Q2 25 | $16.3B | $16.5B | ||
| Q1 25 | $15.5B | $16.4B | ||
| Q4 24 | $14.9B | $16.7B | ||
| Q3 24 | $16.6B | $16.5B | ||
| Q2 24 | $15.2B | $16.4B |
负债/权益比FAFR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | $369.3M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $324.5M | $273.0M |
| 自由现金流率自由现金流/营收 | 15.8% | 8.7% |
| 资本支出强度资本支出/营收 | 2.2% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.74× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $762.5M | $595.0M |
8季度趋势，按日历期对齐
经营现金流FAFR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $369.3M | $749.0M | ||
| Q3 25 | $272.5M | $442.0M | ||
| Q2 25 | $361.8M | $752.0M | ||
| Q1 25 | $-52.8M | $651.0M | ||
| Q4 24 | $324.6M | $558.0M | ||
| Q3 24 | $236.9M | $629.0M | ||
| Q2 24 | $266.7M | $552.0M |
自由现金流FAFR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $324.5M | $344.0M | ||
| Q3 25 | $223.1M | $-85.0M | ||
| Q2 25 | $309.4M | $63.0M | ||
| Q1 25 | $-94.5M | $137.0M | ||
| Q4 24 | $266.2M | $-201.0M | ||
| Q3 24 | $185.4M | $30.0M | ||
| Q2 24 | $210.0M | $-87.0M |
自由现金流率FAFR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 15.8% | 10.8% | ||
| Q3 25 | 11.3% | -2.7% | ||
| Q2 25 | 16.8% | 2.0% | ||
| Q1 25 | -6.0% | 4.4% | ||
| Q4 24 | 15.8% | -6.3% | ||
| Q3 24 | 13.2% | 0.9% | ||
| Q2 24 | 13.0% | -2.7% |
资本支出强度FAFR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 2.2% | 12.8% | ||
| Q3 25 | 2.5% | 16.6% | ||
| Q2 25 | 2.8% | 21.6% | ||
| Q1 25 | 2.6% | 16.4% | ||
| Q4 24 | 3.5% | 23.8% | ||
| Q3 24 | 3.7% | 18.9% | ||
| Q2 24 | 3.5% | 20.1% |
现金转化率FAFR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.74× | 5.67× | ||
| Q3 25 | 1.44× | 3.20× | ||
| Q2 25 | 2.48× | 5.74× | ||
| Q1 25 | -0.71× | 6.64× | ||
| Q4 24 | 4.48× | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | 2.30× | 4.35× |
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
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
