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联邦快递（FDX）与伟创力（FLEX）财务数据对比。点击上方公司名可切换其他公司
联邦快递的季度营收约是伟创力的3.1倍（$23.5B vs $7.5B），联邦快递净利率更高（4.1% vs 3.3%，领先0.7%），伟创力同比增速更快（16.9% vs 6.8%），联邦快递自由现金流更多（$1.2B vs $212.0M），过去两年伟创力的营收复合增速更高（8.8% vs 3.9%）
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。
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
FDX vs FLEX — 直观对比
营收规模更大
FDX
是对方的3.1倍
$7.5B
营收增速更快
FLEX
高出10.0%
6.8%
净利率更高
FDX
高出0.7%
3.3%
自由现金流更多
FDX
多$982.0M
$212.0M
两年增速更快
FLEX
近两年复合增速
3.9%
损益表 — Q2 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $23.5B | $7.5B |
| 净利润 | $956.0M | $250.0M |
| 毛利率 | — | 9.4% |
| 营业利润率 | 5.9% | 5.0% |
| 净利率 | 4.1% | 3.3% |
| 营收同比 | 6.8% | 16.9% |
| 净利润同比 | 29.0% | 12.6% |
| 每股收益（稀释后） | $4.04 | $0.67 |
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FDXFLEX
| Q1 26 | — | $7.5B | ||
| Q4 25 | $23.5B | $7.1B | ||
| Q3 25 | $22.2B | $6.8B | ||
| Q2 25 | $22.2B | $6.6B | ||
| Q1 25 | $22.2B | $6.4B | ||
| Q4 24 | $22.0B | $6.6B | ||
| Q3 24 | $21.6B | $6.5B | ||
| Q2 24 | $22.1B | $6.3B |
净利润FDXFLEX
| Q1 26 | — | $250.0M | ||
| Q4 25 | $956.0M | $239.0M | ||
| Q3 25 | $824.0M | $199.0M | ||
| Q2 25 | $1.6B | $192.0M | ||
| Q1 25 | $909.0M | $222.0M | ||
| Q4 24 | $741.0M | $263.0M | ||
| Q3 24 | $794.0M | $214.0M | ||
| Q2 24 | $1.5B | $139.0M |
毛利率FDXFLEX
| Q1 26 | — | 9.4% | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 7.5% |
营业利润率FDXFLEX
| Q1 26 | — | 5.0% | ||
| Q4 25 | 5.9% | 5.5% | ||
| Q3 25 | 5.3% | 4.4% | ||
| Q2 25 | 8.1% | 4.7% | ||
| Q1 25 | 5.8% | 4.8% | ||
| Q4 24 | 4.8% | 5.1% | ||
| Q3 24 | 5.0% | 4.5% | ||
| Q2 24 | 7.0% | 3.7% |
净利率FDXFLEX
| Q1 26 | — | 3.3% | ||
| Q4 25 | 4.1% | 3.4% | ||
| Q3 25 | 3.7% | 2.9% | ||
| Q2 25 | 7.4% | 2.9% | ||
| Q1 25 | 4.1% | 3.5% | ||
| Q4 24 | 3.4% | 4.0% | ||
| Q3 24 | 3.7% | 3.3% | ||
| Q2 24 | 6.7% | 2.2% |
每股收益（稀释后）FDXFLEX
| Q1 26 | — | $0.67 | ||
| Q4 25 | $4.04 | $0.64 | ||
| Q3 25 | $3.46 | $0.52 | ||
| Q2 25 | $6.81 | $0.50 | ||
| Q1 25 | $3.76 | $0.56 | ||
| Q4 24 | $3.03 | $0.67 | ||
| Q3 24 | $3.21 | $0.54 | ||
| Q2 24 | $5.92 | $0.34 |
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 | $6.6B | $2.4B |
| 总债务越低越好 | $20.3B | $3.8B |
| 股东权益账面价值 | $28.1B | $5.1B |
| 总资产 | $89.2B | $22.1B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资FDXFLEX
| Q1 26 | — | $2.4B | ||
| Q4 25 | $6.6B | $3.1B | ||
| Q3 25 | $6.2B | $2.2B | ||
| Q2 25 | $5.5B | $2.2B | ||
| Q1 25 | $5.1B | $2.3B | ||
| Q4 24 | $5.0B | $2.3B | ||
| Q3 24 | $5.9B | $2.6B | ||
| Q2 24 | $6.5B | $2.2B |
总债务FDXFLEX
| Q1 26 | — | $3.8B | ||
| Q4 25 | $20.3B | $4.4B | ||
| Q3 25 | $20.3B | $3.7B | ||
| Q2 25 | $19.2B | $3.7B | ||
| Q1 25 | $19.5B | $3.7B | ||
| Q4 24 | $19.4B | $3.7B | ||
| Q3 24 | $19.7B | $3.7B | ||
| Q2 24 | $20.1B | $3.2B |
股东权益FDXFLEX
| Q1 26 | — | $5.1B | ||
| Q4 25 | $28.1B | $5.1B | ||
| Q3 25 | $27.8B | $5.0B | ||
| Q2 25 | $28.1B | $5.1B | ||
| Q1 25 | $26.7B | $5.0B | ||
| Q4 24 | $26.5B | $5.0B | ||
| Q3 24 | $27.2B | $5.0B | ||
| Q2 24 | $27.6B | $5.0B |
总资产FDXFLEX
| Q1 26 | — | $22.1B | ||
| Q4 25 | $89.2B | $20.8B | ||
| Q3 25 | $88.4B | $19.5B | ||
| Q2 25 | $87.6B | $19.1B | ||
| Q1 25 | $85.0B | $18.4B | ||
| Q4 24 | $85.5B | $18.3B | ||
| Q3 24 | $86.7B | $18.6B | ||
| Q2 24 | $87.0B | $17.7B |
负债/权益比FDXFLEX
| Q1 26 | — | 0.73× | ||
| Q4 25 | 0.72× | 0.87× | ||
| Q3 25 | 0.73× | 0.73× | ||
| Q2 25 | 0.68× | 0.72× | ||
| Q1 25 | 0.73× | 0.74× | ||
| Q4 24 | 0.73× | 0.74× | ||
| Q3 24 | 0.72× | 0.74× | ||
| Q2 24 | 0.73× | 0.64× |
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 | $2.0B | $413.0M |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $212.0M |
| 自由现金流率自由现金流/营收 | 5.1% | 2.8% |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | 2.04× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $1.1B |
8季度趋势，按日历期对齐
经营现金流FDXFLEX
| Q1 26 | — | $413.0M | ||
| Q4 25 | $2.0B | $420.0M | ||
| Q3 25 | $1.7B | $453.0M | ||
| Q2 25 | $2.5B | $399.0M | ||
| Q1 25 | $2.0B | $433.0M | ||
| Q4 24 | $1.3B | $413.0M | ||
| Q3 24 | $1.2B | $319.0M | ||
| Q2 24 | $2.7B | $340.0M |
自由现金流FDXFLEX
| Q1 26 | — | $212.0M | ||
| Q4 25 | $1.2B | $272.0M | ||
| Q3 25 | $1.1B | $303.0M | ||
| Q2 25 | $1.0B | $266.0M | ||
| Q1 25 | $1.0B | $321.0M | ||
| Q4 24 | $500.0M | $301.0M | ||
| Q3 24 | $420.0M | $216.0M | ||
| Q2 24 | $1.5B | $229.0M |
自由现金流率FDXFLEX
| Q1 26 | — | 2.8% | ||
| Q4 25 | 5.1% | 3.9% | ||
| Q3 25 | 4.9% | 4.5% | ||
| Q2 25 | 4.7% | 4.0% | ||
| Q1 25 | 4.6% | 5.0% | ||
| Q4 24 | 2.3% | 4.6% | ||
| Q3 24 | 1.9% | 3.3% | ||
| Q2 24 | 6.8% | 3.6% |
资本支出强度FDXFLEX
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 2.1% | ||
| Q3 25 | 2.8% | 2.2% | ||
| Q2 25 | 6.6% | 2.0% | ||
| Q1 25 | 4.5% | 1.8% | ||
| Q4 24 | 3.7% | 1.7% | ||
| Q3 24 | 3.6% | 1.6% | ||
| Q2 24 | 5.4% | 1.8% |
现金转化率FDXFLEX
| Q1 26 | — | 1.65× | ||
| Q4 25 | 2.04× | 1.76× | ||
| Q3 25 | 2.08× | 2.28× | ||
| Q2 25 | 1.53× | 2.08× | ||
| Q1 25 | 2.21× | 1.95× | ||
| Q4 24 | 1.78× | 1.57× | ||
| Q3 24 | 1.49× | 1.49× | ||
| Q2 24 | 1.83× | 2.45× |
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
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% |
FLEX
暂无分部数据
