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First American Financial Corp（FAF）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是RXO, Inc.的1.4倍（$2.0B vs $1.5B），First American Financial Corp净利率更高（10.3% vs -3.1%，领先13.5%），First American Financial Corp同比增速更快（21.6% vs -11.9%），First American Financial Corp自由现金流更多（$324.5M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 19.9%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
FAF vs RXO — 直观对比
营收规模更大
FAF
是对方的1.4倍
$1.5B
营收增速更快
FAF
高出33.5%
-11.9%
净利率更高
FAF
高出13.5%
-3.1%
自由现金流更多
FAF
多$333.5M
$-9.0M
两年增速更快
RXO
近两年复合增速
19.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $211.9M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | -2.9% |
| 净利率 | 10.3% | -3.1% |
| 营收同比 | 21.6% | -11.9% |
| 净利润同比 | 192.7% | -84.0% |
| 每股收益（稀释后） | $2.04 | $-0.28 |
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FAFRXO
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.6B | $930.0M | ||
| Q1 24 | $1.4B | $913.0M |
净利润FAFRXO
| Q4 25 | $211.9M | $-46.0M | ||
| Q3 25 | $189.6M | $-14.0M | ||
| Q2 25 | $146.1M | $-9.0M | ||
| Q1 25 | $74.2M | $-31.0M | ||
| Q4 24 | $72.4M | $-25.0M | ||
| Q3 24 | $-104.0M | $-243.0M | ||
| Q2 24 | $116.0M | $-7.0M | ||
| Q1 24 | $46.7M | $-15.0M |
营业利润率FAFRXO
| Q4 25 | 14.0% | -2.9% | ||
| Q3 25 | 12.5% | -0.5% | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 6.1% | -2.1% | ||
| Q4 24 | 5.9% | -1.4% | ||
| Q3 24 | -10.3% | -1.9% | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 4.1% | -1.3% |
净利率FAFRXO
| Q4 25 | 10.3% | -3.1% | ||
| Q3 25 | 9.6% | -1.0% | ||
| Q2 25 | 7.9% | -0.6% | ||
| Q1 25 | 4.7% | -2.2% | ||
| Q4 24 | 4.3% | -1.5% | ||
| Q3 24 | -7.4% | -23.4% | ||
| Q2 24 | 7.2% | -0.8% | ||
| Q1 24 | 3.3% | -1.6% |
每股收益（稀释后）FAFRXO
| Q4 25 | $2.04 | $-0.28 | ||
| Q3 25 | $1.84 | $-0.08 | ||
| Q2 25 | $1.41 | $-0.05 | ||
| Q1 25 | $0.71 | $-0.18 | ||
| Q4 24 | $0.70 | $-0.17 | ||
| Q3 24 | $-1.00 | $-1.81 | ||
| Q2 24 | $1.11 | $-0.06 | ||
| Q1 24 | $0.45 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $5.5B | $1.5B |
| 总资产 | $16.2B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资FAFRXO
| Q4 25 | $1.4B | $17.0M | ||
| Q3 25 | $2.9B | $25.0M | ||
| Q2 25 | $2.0B | $18.0M | ||
| Q1 25 | $2.0B | $16.0M | ||
| Q4 24 | $1.7B | $35.0M | ||
| Q3 24 | $3.0B | $55.0M | ||
| Q2 24 | $2.0B | $7.0M | ||
| Q1 24 | $1.5B | $7.0M |
总债务FAFRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益FAFRXO
| Q4 25 | $5.5B | $1.5B | ||
| Q3 25 | $5.3B | $1.6B | ||
| Q2 25 | $5.1B | $1.6B | ||
| Q1 25 | $5.0B | $1.6B | ||
| Q4 24 | $4.9B | $1.6B | ||
| Q3 24 | $5.1B | $1.7B | ||
| Q2 24 | $4.8B | $579.0M | ||
| Q1 24 | $4.8B | $582.0M |
总资产FAFRXO
| Q4 25 | $16.2B | $3.3B | ||
| Q3 25 | $17.6B | $3.2B | ||
| Q2 25 | $16.3B | $3.2B | ||
| Q1 25 | $15.5B | $3.3B | ||
| Q4 24 | $14.9B | $3.4B | ||
| Q3 24 | $16.6B | $3.4B | ||
| Q2 24 | $15.2B | $1.8B | ||
| Q1 24 | $14.7B | $1.8B |
负债/权益比FAFRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $324.5M | $-9.0M |
| 自由现金流率自由现金流/营收 | 15.8% | -0.6% |
| 资本支出强度资本支出/营收 | 2.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.74× | — |
| 过去12个月自由现金流最近4个季度 | $762.5M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流FAFRXO
| Q4 25 | $369.3M | $7.0M | ||
| Q3 25 | $272.5M | $23.0M | ||
| Q2 25 | $361.8M | $23.0M | ||
| Q1 25 | $-52.8M | $-2.0M | ||
| Q4 24 | $324.6M | $-7.0M | ||
| Q3 24 | $236.9M | $-7.0M | ||
| Q2 24 | $266.7M | $-5.0M | ||
| Q1 24 | $69.3M | $7.0M |
自由现金流FAFRXO
| Q4 25 | $324.5M | $-9.0M | ||
| Q3 25 | $223.1M | $9.0M | ||
| Q2 25 | $309.4M | $9.0M | ||
| Q1 25 | $-94.5M | $-17.0M | ||
| Q4 24 | $266.2M | $-19.0M | ||
| Q3 24 | $185.4M | $-18.0M | ||
| Q2 24 | $210.0M | $-16.0M | ||
| Q1 24 | $17.6M | $-4.0M |
自由现金流率FAFRXO
| Q4 25 | 15.8% | -0.6% | ||
| Q3 25 | 11.3% | 0.6% | ||
| Q2 25 | 16.8% | 0.6% | ||
| Q1 25 | -6.0% | -1.2% | ||
| Q4 24 | 15.8% | -1.1% | ||
| Q3 24 | 13.2% | -1.7% | ||
| Q2 24 | 13.0% | -1.7% | ||
| Q1 24 | 1.2% | -0.4% |
资本支出强度FAFRXO
| Q4 25 | 2.2% | 1.1% | ||
| Q3 25 | 2.5% | 1.0% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 2.6% | 1.0% | ||
| Q4 24 | 3.5% | 0.7% | ||
| Q3 24 | 3.7% | 1.1% | ||
| Q2 24 | 3.5% | 1.2% | ||
| Q1 24 | 3.6% | 1.2% |
现金转化率FAFRXO
| Q4 25 | 1.74× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | -0.71× | — | ||
| Q4 24 | 4.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.30× | — | ||
| Q1 24 | 1.48× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
