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Global Payments（GPN）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Global Payments的1.1倍（$1.5B vs $1.3B），Global Payments净利率更高（16.4% vs -3.1%，领先19.5%），RXO, Inc.同比增速更快（-11.9% vs -47.1%），Global Payments自由现金流更多（$347.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs -25.9%）
Global Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
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。
GPN vs RXO — 直观对比
营收规模更大
RXO
是对方的1.1倍
$1.3B
营收增速更快
RXO
高出35.3%
-47.1%
净利率更高
GPN
高出19.5%
-3.1%
自由现金流更多
GPN
多$356.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $217.5M | $-46.0M |
| 毛利率 | 89.7% | — |
| 营业利润率 | 5.9% | -2.9% |
| 净利率 | 16.4% | -3.1% |
| 营收同比 | -47.1% | -11.9% |
| 净利润同比 | -61.6% | -84.0% |
| 每股收益（稀释后） | $0.91 | $-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GPNRXO
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $2.6B | $930.0M | ||
| Q1 24 | $2.4B | $913.0M |
净利润GPNRXO
| Q4 25 | $217.5M | $-46.0M | ||
| Q3 25 | $635.2M | $-14.0M | ||
| Q2 25 | $241.6M | $-9.0M | ||
| Q1 25 | $305.7M | $-31.0M | ||
| Q4 24 | $567.2M | $-25.0M | ||
| Q3 24 | $315.1M | $-243.0M | ||
| Q2 24 | $374.8M | $-7.0M | ||
| Q1 24 | $313.3M | $-15.0M |
毛利率GPNRXO
| Q4 25 | 89.7% | — | ||
| Q3 25 | 72.3% | — | ||
| Q2 25 | 74.5% | — | ||
| Q1 25 | 61.8% | — | ||
| Q4 24 | 62.1% | — | ||
| Q3 24 | 63.6% | — | ||
| Q2 24 | 63.5% | — | ||
| Q1 24 | 61.9% | — |
营业利润率GPNRXO
| Q4 25 | 5.9% | -2.9% | ||
| Q3 25 | 38.8% | -0.5% | ||
| Q2 25 | 21.8% | — | ||
| Q1 25 | 19.5% | -2.1% | ||
| Q4 24 | 33.1% | -1.4% | ||
| Q3 24 | 18.3% | -1.9% | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 18.7% | -1.3% |
净利率GPNRXO
| Q4 25 | 16.4% | -3.1% | ||
| Q3 25 | 31.6% | -1.0% | ||
| Q2 25 | 12.3% | -0.6% | ||
| Q1 25 | 12.7% | -2.2% | ||
| Q4 24 | 22.5% | -1.5% | ||
| Q3 24 | 12.1% | -23.4% | ||
| Q2 24 | 14.6% | -0.8% | ||
| Q1 24 | 12.9% | -1.6% |
每股收益（稀释后）GPNRXO
| Q4 25 | $0.91 | $-0.28 | ||
| Q3 25 | $2.64 | $-0.08 | ||
| Q2 25 | $0.99 | $-0.05 | ||
| Q1 25 | $1.24 | $-0.18 | ||
| Q4 24 | $2.23 | $-0.17 | ||
| Q3 24 | $1.24 | $-1.81 | ||
| Q2 24 | $1.47 | $-0.06 | ||
| Q1 24 | $1.22 | $-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 | $8.3B | $17.0M |
| 总债务越低越好 | $19.5B | $387.0M |
| 股东权益账面价值 | $22.9B | $1.5B |
| 总资产 | $53.3B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.85× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资GPNRXO
| Q4 25 | $8.3B | $17.0M | ||
| Q3 25 | $2.6B | $25.0M | ||
| Q2 25 | $2.6B | $18.0M | ||
| Q1 25 | $2.9B | $16.0M | ||
| Q4 24 | $2.5B | $35.0M | ||
| Q3 24 | $2.9B | $55.0M | ||
| Q2 24 | $2.1B | $7.0M | ||
| Q1 24 | $2.2B | $7.0M |
总债务GPNRXO
| Q4 25 | $19.5B | $387.0M | ||
| Q3 25 | $13.3B | $387.0M | ||
| Q2 25 | $14.2B | $387.0M | ||
| Q1 25 | $15.0B | $387.0M | ||
| Q4 24 | $15.2B | $351.0M | ||
| Q3 24 | $15.2B | $352.0M | ||
| Q2 24 | $15.6B | $370.0M | ||
| Q1 24 | $15.6B | $351.0M |
股东权益GPNRXO
| Q4 25 | $22.9B | $1.5B | ||
| Q3 25 | $22.7B | $1.6B | ||
| Q2 25 | $22.6B | $1.6B | ||
| Q1 25 | $22.2B | $1.6B | ||
| Q4 24 | $22.3B | $1.6B | ||
| Q3 24 | $22.8B | $1.7B | ||
| Q2 24 | $22.4B | $579.0M | ||
| Q1 24 | $22.2B | $582.0M |
总资产GPNRXO
| Q4 25 | $53.3B | $3.3B | ||
| Q3 25 | $48.0B | $3.2B | ||
| Q2 25 | $48.5B | $3.2B | ||
| Q1 25 | $47.6B | $3.3B | ||
| Q4 24 | $46.9B | $3.4B | ||
| Q3 24 | $50.0B | $3.4B | ||
| Q2 24 | $50.8B | $1.8B | ||
| Q1 24 | $51.8B | $1.8B |
负债/权益比GPNRXO
| Q4 25 | 0.85× | 0.25× | ||
| Q3 25 | 0.59× | 0.24× | ||
| Q2 25 | 0.63× | 0.24× | ||
| Q1 25 | 0.67× | 0.24× | ||
| Q4 24 | 0.68× | 0.22× | ||
| Q3 24 | 0.67× | 0.21× | ||
| Q2 24 | 0.70× | 0.64× | ||
| Q1 24 | 0.70× | 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 | $515.2M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $347.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 26.1% | -0.6% |
| 资本支出强度资本支出/营收 | 12.7% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.37× | — |
| 过去12个月自由现金流最近4个季度 | $2.0B | $-8.0M |
8季度趋势，按日历期对齐
经营现金流GPNRXO
| Q4 25 | $515.2M | $7.0M | ||
| Q3 25 | $768.7M | $23.0M | ||
| Q2 25 | $817.5M | $23.0M | ||
| Q1 25 | $555.1M | $-2.0M | ||
| Q4 24 | $653.4M | $-7.0M | ||
| Q3 24 | $1.7B | $-7.0M | ||
| Q2 24 | $736.9M | $-5.0M | ||
| Q1 24 | $416.3M | $7.0M |
自由现金流GPNRXO
| Q4 25 | $347.0M | $-9.0M | ||
| Q3 25 | $598.9M | $9.0M | ||
| Q2 25 | $665.4M | $9.0M | ||
| Q1 25 | $427.5M | $-17.0M | ||
| Q4 24 | $469.4M | $-19.0M | ||
| Q3 24 | $1.6B | $-18.0M | ||
| Q2 24 | $557.7M | $-16.0M | ||
| Q1 24 | $270.9M | $-4.0M |
自由现金流率GPNRXO
| Q4 25 | 26.1% | -0.6% | ||
| Q3 25 | 29.8% | 0.6% | ||
| Q2 25 | 34.0% | 0.6% | ||
| Q1 25 | 17.7% | -1.2% | ||
| Q4 24 | 18.7% | -1.1% | ||
| Q3 24 | 60.0% | -1.7% | ||
| Q2 24 | 21.7% | -1.7% | ||
| Q1 24 | 11.2% | -0.4% |
资本支出强度GPNRXO
| Q4 25 | 12.7% | 1.1% | ||
| Q3 25 | 8.5% | 1.0% | ||
| Q2 25 | 7.8% | 1.0% | ||
| Q1 25 | 5.3% | 1.0% | ||
| Q4 24 | 7.3% | 0.7% | ||
| Q3 24 | 6.4% | 1.1% | ||
| Q2 24 | 7.0% | 1.2% | ||
| Q1 24 | 6.0% | 1.2% |
现金转化率GPNRXO
| Q4 25 | 2.37× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 3.38× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 5.48× | — | ||
| Q2 24 | 1.97× | — | ||
| Q1 24 | 1.33× | — |
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
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
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% |
