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福陆（FLR）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
福陆的季度营收约是RYDER SYSTEM INC的1.3倍（$4.2B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs -37.7%，领先40.7%），RYDER SYSTEM INC同比增速更快（1.0% vs -2.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-378.0M），过去两年福陆的营收复合增速更高（5.7% vs -0.9%）
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
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。
FLR vs R — 直观对比
营收规模更大
FLR
是对方的1.3倍
$3.1B
营收增速更快
R
高出3.0%
-2.0%
净利率更高
R
高出40.7%
-37.7%
自由现金流更多
R
多$651.0M
$-378.0M
两年增速更快
FLR
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $3.1B |
| 净利润 | $-1.6B | $93.0M |
| 毛利率 | 3.2% | — |
| 营业利润率 | 1.3% | — |
| 净利率 | -37.7% | 3.0% |
| 营收同比 | -2.0% | 1.0% |
| 净利润同比 | -184.4% | -5.1% |
| 每股收益（稀释后） | $-9.40 | $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FLRR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.2B | $3.2B | ||
| Q3 25 | $3.4B | $3.2B | ||
| Q2 25 | $4.0B | $3.2B | ||
| Q1 25 | $4.0B | $3.1B | ||
| Q4 24 | $4.3B | $3.2B | ||
| Q3 24 | $4.1B | $3.2B | ||
| Q2 24 | $4.2B | $3.2B |
净利润FLRR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $-1.6B | $132.0M | ||
| Q3 25 | $-697.0M | $138.0M | ||
| Q2 25 | $2.5B | $131.0M | ||
| Q1 25 | $-241.0M | $98.0M | ||
| Q4 24 | $1.9B | $135.0M | ||
| Q3 24 | $54.0M | $142.0M | ||
| Q2 24 | $169.0M | $127.0M |
毛利率FLRR
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | -13.3% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.2% | — |
营业利润率FLRR
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 5.6% | ||
| Q3 25 | -14.7% | 6.0% | ||
| Q2 25 | -0.7% | 5.8% | ||
| Q1 25 | 2.3% | 4.3% | ||
| Q4 24 | 4.4% | 5.7% | ||
| Q3 24 | 1.2% | 5.9% | ||
| Q2 24 | 4.2% | 5.6% |
净利率FLRR
| Q1 26 | — | 3.0% | ||
| Q4 25 | -37.7% | 4.2% | ||
| Q3 25 | -20.7% | 4.4% | ||
| Q2 25 | 61.8% | 4.1% | ||
| Q1 25 | -6.1% | 3.1% | ||
| Q4 24 | 43.7% | 4.2% | ||
| Q3 24 | 1.3% | 4.5% | ||
| Q2 24 | 4.0% | 4.0% |
每股收益（稀释后）FLRR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $-9.40 | $3.22 | ||
| Q3 25 | $-4.30 | $3.32 | ||
| Q2 25 | $14.81 | $3.13 | ||
| Q1 25 | $-1.42 | $2.27 | ||
| Q4 24 | $10.68 | $3.09 | ||
| Q3 24 | $0.31 | $3.24 | ||
| Q2 24 | $0.97 | $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 | $2.2B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $2.9B |
| 总资产 | $8.2B | — |
| 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FLRR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $2.2B | $198.0M | ||
| Q3 25 | $2.8B | $189.0M | ||
| Q2 25 | $2.3B | $180.0M | ||
| Q1 25 | $2.5B | $151.0M | ||
| Q4 24 | $3.0B | $154.0M | ||
| Q3 24 | $3.0B | $162.0M | ||
| Q2 24 | $2.7B | $164.0M |
总债务FLRR
| 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FLRR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $5.2B | $3.1B | ||
| Q2 25 | $5.9B | $3.1B | ||
| Q1 25 | $3.6B | $3.0B | ||
| Q4 24 | $3.9B | $3.1B | ||
| Q3 24 | $2.3B | $3.1B | ||
| Q2 24 | $2.1B | $3.1B |
总资产FLRR
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | $16.4B | ||
| Q3 25 | $11.5B | $16.5B | ||
| Q2 25 | $11.8B | $16.5B | ||
| Q1 25 | $8.4B | $16.4B | ||
| Q4 24 | $9.1B | $16.7B | ||
| Q3 24 | $7.1B | $16.5B | ||
| Q2 24 | $6.8B | $16.4B |
负债/权益比FLRR
| 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 | $-366.0M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-378.0M | $273.0M |
| 自由现金流率自由现金流/营收 | -9.1% | 8.7% |
| 资本支出强度资本支出/营收 | 0.3% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $-437.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流FLRR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $-366.0M | $749.0M | ||
| Q3 25 | $286.0M | $442.0M | ||
| Q2 25 | $-21.0M | $752.0M | ||
| Q1 25 | $-286.0M | $651.0M | ||
| Q4 24 | $327.0M | $558.0M | ||
| Q3 24 | $330.0M | $629.0M | ||
| Q2 24 | $282.0M | $552.0M |
自由现金流FLRR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-378.0M | $344.0M | ||
| Q3 25 | $273.0M | $-85.0M | ||
| Q2 25 | $-35.0M | $63.0M | ||
| Q1 25 | $-297.0M | $137.0M | ||
| Q4 24 | $296.0M | $-201.0M | ||
| Q3 24 | $279.0M | $30.0M | ||
| Q2 24 | $234.0M | $-87.0M |
自由现金流率FLRR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -9.1% | 10.8% | ||
| Q3 25 | 8.1% | -2.7% | ||
| Q2 25 | -0.9% | 2.0% | ||
| Q1 25 | -7.5% | 4.4% | ||
| Q4 24 | 6.9% | -6.3% | ||
| Q3 24 | 6.8% | 0.9% | ||
| Q2 24 | 5.5% | -2.7% |
资本支出强度FLRR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.3% | 12.8% | ||
| Q3 25 | 0.4% | 16.6% | ||
| Q2 25 | 0.4% | 21.6% | ||
| Q1 25 | 0.3% | 16.4% | ||
| Q4 24 | 0.7% | 23.8% | ||
| Q3 24 | 1.2% | 18.9% | ||
| Q2 24 | 1.1% | 20.1% |
现金转化率FLRR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | -0.01× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 0.18× | 4.13× | ||
| Q3 24 | 6.11× | 4.43× | ||
| Q2 24 | 1.67× | 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
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
