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GATX CORP（GATX）与Global Business Travel Group, Inc.（GBTG）财务数据对比。点击上方公司名可切换其他公司
Global Business Travel Group, Inc.的季度营收约是GATX CORP的1.8倍（$792.0M vs $449.0M）。GATX CORP净利率更高（21.6% vs 10.5%，领先11.1%）。Global Business Travel Group, Inc.同比增速更快（34.0% vs 8.6%）。过去两年Global Business Travel Group, Inc.的营收复合增速更高（13.9% vs 8.7%）
GATX公司总部位于美国伊利诺伊州芝加哥，是全球知名的轨道车辆租赁服务商，业务覆盖北美、欧洲、亚洲，旗下拥有近15万辆轨道车辆，涵盖罐车、货运车厢、机车等品类。此外，公司与罗尔斯·罗伊斯合资持有规模领先的飞机备用发动机租赁资产组合，主要服务石油等行业客户。
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
GATX vs GBTG — 直观对比
营收规模更大
GBTG
是对方的1.8倍
$449.0M
营收增速更快
GBTG
高出25.4%
8.6%
净利率更高
GATX
高出11.1%
10.5%
两年增速更快
GBTG
近两年复合增速
8.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $449.0M | $792.0M |
| 净利润 | $97.0M | $83.0M |
| 毛利率 | — | — |
| 营业利润率 | 15.6% | 3.7% |
| 净利率 | 21.6% | 10.5% |
| 营收同比 | 8.6% | 34.0% |
| 净利润同比 | 26.8% | 692.9% |
| 每股收益（稀释后） | $2.66 | $0.16 |
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GATXGBTG
| Q4 25 | $449.0M | $792.0M | ||
| Q3 25 | $439.3M | $674.0M | ||
| Q2 25 | $430.5M | $631.0M | ||
| Q1 25 | $421.6M | $621.0M | ||
| Q4 24 | $413.5M | $591.0M | ||
| Q3 24 | $405.4M | $597.0M | ||
| Q2 24 | $386.7M | $625.0M | ||
| Q1 24 | $379.9M | $610.0M |
净利润GATXGBTG
| Q4 25 | $97.0M | $83.0M | ||
| Q3 25 | $82.2M | $-62.0M | ||
| Q2 25 | $75.5M | $15.0M | ||
| Q1 25 | $78.6M | $75.0M | ||
| Q4 24 | $76.5M | $-14.0M | ||
| Q3 24 | $89.0M | $-128.0M | ||
| Q2 24 | $44.4M | $27.0M | ||
| Q1 24 | $74.3M | $-19.0M |
营业利润率GATXGBTG
| Q4 25 | 15.6% | 3.7% | ||
| Q3 25 | 13.3% | 1.8% | ||
| Q2 25 | 18.7% | 5.4% | ||
| Q1 25 | 16.6% | 8.9% | ||
| Q4 24 | 14.6% | 5.1% | ||
| Q3 24 | 21.1% | 4.5% | ||
| Q2 24 | 10.9% | 6.7% | ||
| Q1 24 | 19.3% | 2.6% |
净利率GATXGBTG
| Q4 25 | 21.6% | 10.5% | ||
| Q3 25 | 18.7% | -9.2% | ||
| Q2 25 | 17.5% | 2.4% | ||
| Q1 25 | 18.6% | 12.1% | ||
| Q4 24 | 18.5% | -2.4% | ||
| Q3 24 | 22.0% | -21.4% | ||
| Q2 24 | 11.5% | 4.3% | ||
| Q1 24 | 19.6% | -3.1% |
每股收益（稀释后）GATXGBTG
| Q4 25 | $2.66 | $0.16 | ||
| Q3 25 | $2.25 | $-0.13 | ||
| Q2 25 | $2.06 | $0.03 | ||
| Q1 25 | $2.15 | $0.16 | ||
| Q4 24 | $2.11 | $-0.04 | ||
| Q3 24 | $2.43 | $-0.28 | ||
| Q2 24 | $1.21 | $0.06 | ||
| Q1 24 | $2.03 | $-0.04 |
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 | $743.0M | $434.0M |
| 总债务越低越好 | $12.5B | $1.4B |
| 股东权益账面价值 | $2.8B | $1.6B |
| 总资产 | $18.0B | $4.9B |
| 负债/权益比越低杠杆越低 | 4.55× | 0.88× |
8季度趋势，按日历期对齐
现金及短期投资GATXGBTG
| Q4 25 | $743.0M | $434.0M | ||
| Q3 25 | $696.1M | $427.0M | ||
| Q2 25 | $754.6M | $601.0M | ||
| Q1 25 | $757.2M | $552.0M | ||
| Q4 24 | $401.6M | $536.0M | ||
| Q3 24 | $503.7M | $524.0M | ||
| Q2 24 | $823.6M | $515.0M | ||
| Q1 24 | $479.1M | $475.0M |
总债务GATXGBTG
| Q4 25 | $12.5B | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $8.3B | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GATXGBTG
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.4B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.3B | $1.2B |
总资产GATXGBTG
| Q4 25 | $18.0B | $4.9B | ||
| Q3 25 | $13.3B | $4.8B | ||
| Q2 25 | $13.2B | $3.9B | ||
| Q1 25 | $13.0B | $3.8B | ||
| Q4 24 | $12.3B | $3.6B | ||
| Q3 24 | $12.4B | $3.8B | ||
| Q2 24 | $12.2B | $3.8B | ||
| Q1 24 | $11.6B | $3.8B |
负债/权益比GATXGBTG
| Q4 25 | 4.55× | 0.88× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | 3.39× | 1.32× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $144.3M | $52.0M |
| 自由现金流经营现金流 - 资本支出 | — | $13.0M |
| 自由现金流率自由现金流/营收 | — | 1.6% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | 1.49× | 0.63× |
| 过去12个月自由现金流最近4个季度 | — | $104.0M |
8季度趋势，按日历期对齐
经营现金流GATXGBTG
| Q4 25 | $144.3M | $52.0M | ||
| Q3 25 | $218.3M | $71.0M | ||
| Q2 25 | $161.3M | $57.0M | ||
| Q1 25 | $124.2M | $53.0M | ||
| Q4 24 | $206.0M | $65.0M | ||
| Q3 24 | $160.2M | $85.0M | ||
| Q2 24 | $138.3M | $73.0M | ||
| Q1 24 | $97.6M | $49.0M |
自由现金流GATXGBTG
| Q4 25 | — | $13.0M | ||
| Q3 25 | — | $38.0M | ||
| Q2 25 | — | $27.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $24.0M |
自由现金流率GATXGBTG
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 3.9% |
资本支出强度GATXGBTG
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 4.1% |
现金转化率GATXGBTG
| Q4 25 | 1.49× | 0.63× | ||
| Q3 25 | 2.66× | — | ||
| Q2 25 | 2.14× | 3.80× | ||
| Q1 25 | 1.58× | 0.71× | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 3.11× | 2.70× | ||
| Q1 24 | 1.31× | — |
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
GATX
| Rail North America | $300.9M | 67% |
| Rail International | $104.1M | 23% |
| Other | $33.8M | 8% |
| Other Business Segments | $10.2M | 2% |
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
