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GXO Logistics, Inc.（GXO）与Kellanova（K）财务数据对比。点击上方公司名可切换其他公司
GXO Logistics, Inc.的季度营收约是Kellanova的1.1倍（$3.5B vs $3.3B），Kellanova净利率更高（9.5% vs 1.2%，领先8.3%），GXO Logistics, Inc.同比增速更快（7.9% vs 0.8%），Kellanova自由现金流更多（$359.0M vs $115.0M），过去两年GXO Logistics, Inc.的营收复合增速更高（19.5% vs -9.0%）
GXO物流是总部位于美国康涅狄格州格林威治的全球化合同物流企业，为三十余个国家的蓝筹客户提供外包供应链管理、仓储及逆向物流服务，合作客户涵盖苹果、耐克、波音、惠而浦、雀巢等众多全球知名企业。
Kellanova前身为知名食品企业家乐氏，是玛氏集团旗下的美国跨国食品制造公司，总部位于美国伊利诺伊州芝加哥。2023年10月2日公司正式启用现名，同步拆分北美谷物业务，独立成立WK Kellogg Co。
GXO vs K — 直观对比
营收规模更大
GXO
是对方的1.1倍
$3.3B
营收增速更快
GXO
高出7.1%
0.8%
净利率更高
K
高出8.3%
1.2%
自由现金流更多
K
多$244.0M
$115.0M
两年增速更快
GXO
近两年复合增速
-9.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $3.3B |
| 净利润 | $43.0M | $309.0M |
| 毛利率 | — | 33.3% |
| 营业利润率 | 2.7% | 13.9% |
| 净利率 | 1.2% | 9.5% |
| 营收同比 | 7.9% | 0.8% |
| 净利润同比 | -57.0% | -15.8% |
| 每股收益（稀释后） | $0.35 | $0.88 |
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GXOK
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | $3.3B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $3.3B | $3.1B | ||
| Q3 24 | $3.2B | $3.2B | ||
| Q2 24 | $2.8B | $3.2B | ||
| Q1 24 | $2.5B | $3.2B |
净利润GXOK
| Q4 25 | $43.0M | — | ||
| Q3 25 | $59.0M | $309.0M | ||
| Q2 25 | $26.0M | $299.0M | ||
| Q1 25 | $-96.0M | $304.0M | ||
| Q4 24 | $100.0M | $365.0M | ||
| Q3 24 | $33.0M | $367.0M | ||
| Q2 24 | $38.0M | $344.0M | ||
| Q1 24 | $-37.0M | $267.0M |
毛利率GXOK
| Q4 25 | — | — | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.4% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 32.2% |
营业利润率GXOK
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.5% | 13.9% | ||
| Q2 25 | 2.7% | 13.7% | ||
| Q1 25 | -1.9% | 13.9% | ||
| Q4 24 | 3.1% | 17.0% | ||
| Q3 24 | 2.6% | 14.1% | ||
| Q2 24 | 2.6% | 15.4% | ||
| Q1 24 | -1.6% | 12.3% |
净利率GXOK
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.7% | 9.5% | ||
| Q2 25 | 0.8% | 9.3% | ||
| Q1 25 | -3.2% | 9.9% | ||
| Q4 24 | 3.1% | 11.7% | ||
| Q3 24 | 1.0% | 11.4% | ||
| Q2 24 | 1.3% | 10.8% | ||
| Q1 24 | -1.5% | 8.3% |
每股收益（稀释后）GXOK
| Q4 25 | $0.35 | — | ||
| Q3 25 | $0.51 | $0.88 | ||
| Q2 25 | $0.23 | $0.85 | ||
| Q1 25 | $-0.81 | $0.87 | ||
| Q4 24 | $0.83 | $1.05 | ||
| Q3 24 | $0.28 | $1.05 | ||
| Q2 24 | $0.32 | $1.00 | ||
| Q1 24 | $-0.31 | $0.78 |
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 | $854.0M | $240.0M |
| 总债务越低越好 | $2.6B | $4.3B |
| 股东权益账面价值 | $3.0B | $4.2B |
| 总资产 | $12.3B | $15.6B |
| 负债/权益比越低杠杆越低 | 0.88× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资GXOK
| Q4 25 | $854.0M | — | ||
| Q3 25 | $339.0M | $240.0M | ||
| Q2 25 | $205.0M | $354.0M | ||
| Q1 25 | $288.0M | $330.0M | ||
| Q4 24 | $413.0M | $694.0M | ||
| Q3 24 | $548.0M | $569.0M | ||
| Q2 24 | $469.0M | $272.0M | ||
| Q1 24 | $423.0M | $242.0M |
总债务GXOK
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.2B | $4.3B | ||
| Q2 25 | $2.6B | $4.3B | ||
| Q1 25 | $2.5B | $5.0B | ||
| Q4 24 | $2.5B | $5.0B | ||
| Q3 24 | $2.6B | $5.1B | ||
| Q2 24 | $2.6B | $5.0B | ||
| Q1 24 | $1.5B | $4.4B |
股东权益GXOK
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.0B | $4.2B | ||
| Q2 25 | $2.9B | $4.1B | ||
| Q1 25 | $2.9B | $3.9B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $2.9B | $3.3B | ||
| Q1 24 | $2.9B | $3.2B |
总资产GXOK
| Q4 25 | $12.3B | — | ||
| Q3 25 | $11.9B | $15.6B | ||
| Q2 25 | $11.9B | $15.9B | ||
| Q1 25 | $11.3B | $15.5B | ||
| Q4 24 | $11.3B | $15.6B | ||
| Q3 24 | $11.9B | $15.8B | ||
| Q2 24 | $11.4B | $15.3B | ||
| Q1 24 | $9.4B | $15.3B |
负债/权益比GXOK
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.74× | 1.02× | ||
| Q2 25 | 0.88× | 1.05× | ||
| Q1 25 | 0.89× | 1.28× | ||
| Q4 24 | 0.84× | 1.32× | ||
| Q3 24 | 0.82× | 1.40× | ||
| Q2 24 | 0.88× | 1.51× | ||
| Q1 24 | 0.53× | 1.40× |
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 | $170.0M | $503.0M |
| 自由现金流经营现金流 - 资本支出 | $115.0M | $359.0M |
| 自由现金流率自由现金流/营收 | 3.3% | 11.0% |
| 资本支出强度资本支出/营收 | 1.6% | 4.4% |
| 现金转化率经营现金流/净利润 | 3.95× | 1.63× |
| 过去12个月自由现金流最近4个季度 | $110.0M | $599.0M |
8季度趋势，按日历期对齐
经营现金流GXOK
| Q4 25 | $170.0M | — | ||
| Q3 25 | $232.0M | $503.0M | ||
| Q2 25 | $3.0M | $169.0M | ||
| Q1 25 | $29.0M | $116.0M | ||
| Q4 24 | $186.0M | $467.0M | ||
| Q3 24 | $198.0M | $553.0M | ||
| Q2 24 | $115.0M | $376.0M | ||
| Q1 24 | $50.0M | $364.0M |
自由现金流GXOK
| Q4 25 | $115.0M | — | ||
| Q3 25 | $88.0M | $359.0M | ||
| Q2 25 | $-44.0M | $21.0M | ||
| Q1 25 | $-49.0M | $-60.0M | ||
| Q4 24 | $82.0M | $279.0M | ||
| Q3 24 | $104.0M | $410.0M | ||
| Q2 24 | $27.0M | $234.0M | ||
| Q1 24 | $-23.0M | $209.0M |
自由现金流率GXOK
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.6% | 11.0% | ||
| Q2 25 | -1.3% | 0.7% | ||
| Q1 25 | -1.6% | -1.9% | ||
| Q4 24 | 2.5% | 8.9% | ||
| Q3 24 | 3.3% | 12.7% | ||
| Q2 24 | 0.9% | 7.3% | ||
| Q1 24 | -0.9% | 6.5% |
资本支出强度GXOK
| Q4 25 | 1.6% | — | ||
| Q3 25 | 4.2% | 4.4% | ||
| Q2 25 | 1.4% | 4.6% | ||
| Q1 25 | 2.6% | 5.7% | ||
| Q4 24 | 3.2% | 6.0% | ||
| Q3 24 | 3.0% | 4.4% | ||
| Q2 24 | 3.1% | 4.4% | ||
| Q1 24 | 3.0% | 4.8% |
现金转化率GXOK
| Q4 25 | 3.95× | — | ||
| Q3 25 | 3.93× | 1.63× | ||
| Q2 25 | 0.12× | 0.57× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | 1.86× | 1.28× | ||
| Q3 24 | 6.00× | 1.51× | ||
| Q2 24 | 3.03× | 1.09× | ||
| Q1 24 | — | 1.36× |
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
GXO
暂无分部数据
K
| Retail Channel Snacks | $2.0B | 62% |
| Retail Channel Cereal | $678.0M | 21% |
| Noodlesand Other | $280.0M | 9% |
| Frozen And Specialty Channels | $275.0M | 8% |
