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联邦快递（FDX）与保德信金融（PRU）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保德信金融的1.5倍（$23.5B vs $15.7B），保德信金融净利率更高（5.8% vs 4.1%，领先1.7%），保德信金融同比增速更快（25.3% vs 6.8%），过去两年联邦快递的营收复合增速更高（3.9% vs -18.3%）
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。
保德信金融是美国头部金融服务企业，旗下子公司面向美国及全球40余个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品与服务。2019年其为美国规模最大的保险提供商，总资产达8151亿美元，同时入选财富世界500强及美国财富500强榜单。
FDX vs PRU — 直观对比
营收规模更大
FDX
是对方的1.5倍
$15.7B
营收增速更快
PRU
高出18.5%
6.8%
净利率更高
PRU
高出1.7%
4.1%
两年增速更快
FDX
近两年复合增速
-18.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.5B | $15.7B |
| 净利润 | $956.0M | $905.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.9% | 7.7% |
| 净利率 | 4.1% | 5.8% |
| 营收同比 | 6.8% | 25.3% |
| 净利润同比 | 29.0% | 1687.7% |
| 每股收益（稀释后） | $4.04 | $2.54 |
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FDXPRU
| Q4 25 | $23.5B | $15.7B | ||
| Q3 25 | $22.2B | $17.9B | ||
| Q2 25 | $22.2B | $13.7B | ||
| Q1 25 | $22.2B | $13.5B | ||
| Q4 24 | $22.0B | $12.5B | ||
| Q3 24 | $21.6B | $19.5B | ||
| Q2 24 | $22.1B | $14.9B | ||
| Q1 24 | $21.7B | $23.5B |
净利润FDXPRU
| Q4 25 | $956.0M | $905.0M | ||
| Q3 25 | $824.0M | $1.4B | ||
| Q2 25 | $1.6B | $533.0M | ||
| Q1 25 | $909.0M | $707.0M | ||
| Q4 24 | $741.0M | $-57.0M | ||
| Q3 24 | $794.0M | $448.0M | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $879.0M | $1.1B |
营业利润率FDXPRU
| Q4 25 | 5.9% | 7.7% | ||
| Q3 25 | 5.3% | 10.0% | ||
| Q2 25 | 8.1% | 5.4% | ||
| Q1 25 | 5.8% | 6.8% | ||
| Q4 24 | 4.8% | -1.2% | ||
| Q3 24 | 5.0% | 2.8% | ||
| Q2 24 | 7.0% | 9.5% | ||
| Q1 24 | 5.7% | 5.9% |
净利率FDXPRU
| Q4 25 | 4.1% | 5.8% | ||
| Q3 25 | 3.7% | 8.0% | ||
| Q2 25 | 7.4% | 3.9% | ||
| Q1 25 | 4.1% | 5.2% | ||
| Q4 24 | 3.4% | -0.5% | ||
| Q3 24 | 3.7% | 2.3% | ||
| Q2 24 | 6.7% | 8.0% | ||
| Q1 24 | 4.0% | 4.8% |
每股收益（稀释后）FDXPRU
| Q4 25 | $4.04 | $2.54 | ||
| Q3 25 | $3.46 | $4.01 | ||
| Q2 25 | $6.81 | $1.48 | ||
| Q1 25 | $3.76 | $1.96 | ||
| Q4 24 | $3.03 | $-0.14 | ||
| Q3 24 | $3.21 | $1.24 | ||
| Q2 24 | $5.92 | $3.28 | ||
| Q1 24 | $3.51 | $3.12 |
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 | $19.7B |
| 总债务越低越好 | $20.3B | — |
| 股东权益账面价值 | $28.1B | $32.4B |
| 总资产 | $89.2B | $773.7B |
| 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FDXPRU
| Q4 25 | $6.6B | $19.7B | ||
| Q3 25 | $6.2B | $17.5B | ||
| Q2 25 | $5.5B | $16.6B | ||
| Q1 25 | $5.1B | $16.1B | ||
| Q4 24 | $5.0B | $18.5B | ||
| Q3 24 | $5.9B | $20.2B | ||
| Q2 24 | $6.5B | $17.1B | ||
| Q1 24 | $5.6B | $18.7B |
总债务FDXPRU
| 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FDXPRU
| Q4 25 | $28.1B | $32.4B | ||
| Q3 25 | $27.8B | $32.1B | ||
| Q2 25 | $28.1B | $30.6B | ||
| Q1 25 | $26.7B | $29.9B | ||
| Q4 24 | $26.5B | $27.9B | ||
| Q3 24 | $27.2B | $30.4B | ||
| Q2 24 | $27.6B | $28.0B | ||
| Q1 24 | $26.4B | $27.2B |
总资产FDXPRU
| Q4 25 | $89.2B | $773.7B | ||
| Q3 25 | $88.4B | $776.3B | ||
| Q2 25 | $87.6B | $759.0B | ||
| Q1 25 | $85.0B | $739.3B | ||
| Q4 24 | $85.5B | $735.6B | ||
| Q3 24 | $86.7B | $760.3B | ||
| Q2 24 | $87.0B | $715.2B | ||
| Q1 24 | $86.1B | $725.8B |
负债/权益比FDXPRU
| 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 | $2.0B | $3.3B |
| 自由现金流经营现金流 - 资本支出 | $1.2B | — |
| 自由现金流率自由现金流/营收 | 5.1% | — |
| 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× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $4.3B | — |
8季度趋势，按日历期对齐
经营现金流FDXPRU
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $1.7B | $4.3B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.0B | $-2.5B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $2.7B | $-146.0M | ||
| Q1 24 | $1.6B | $5.2B |
自由现金流FDXPRU
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $500.0M | — | ||
| Q3 24 | $420.0M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $231.0M | — |
自由现金流率FDXPRU
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 6.8% | — | ||
| Q1 24 | 1.1% | — |
资本支出强度FDXPRU
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 6.3% | — |
现金转化率FDXPRU
| Q4 25 | 2.04× | 3.67× | ||
| Q3 25 | 2.08× | 3.00× | ||
| Q2 25 | 1.53× | 2.18× | ||
| Q1 25 | 2.21× | -3.54× | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.49× | 2.47× | ||
| Q2 24 | 1.83× | -0.12× | ||
| Q1 24 | 1.83× | 4.59× |
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% |
PRU
| Other | $8.5B | 54% |
| International Insurance Division | $4.4B | 28% |
| US Businesses Division | $1.6B | 10% |
| PGIM Division | $1.1B | 7% |
| Trading | $51.0M | 0% |
