vs
GXO Logistics, Inc.（GXO）与ServiceNow（NOW）财务数据对比。点击上方公司名可切换其他公司
ServiceNow的季度营收约是GXO Logistics, Inc.的1.1倍（$3.8B vs $3.5B），ServiceNow净利率更高（12.4% vs 1.2%，领先11.2%），GXO Logistics, Inc.同比增速更快（7.9% vs 2.8%），ServiceNow自由现金流更多（$1.7B vs $115.0M），过去两年ServiceNow的营收复合增速更高（19.8% vs 19.5%）
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。
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
GXO vs NOW — 直观对比
营收规模更大
NOW
是对方的1.1倍
$3.5B
营收增速更快
GXO
高出5.1%
2.8%
净利率更高
NOW
高出11.2%
1.2%
自由现金流更多
NOW
多$1.6B
$115.0M
两年增速更快
NOW
近两年复合增速
19.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $3.8B |
| 净利润 | $43.0M | $469.0M |
| 毛利率 | — | 75.1% |
| 营业利润率 | 2.7% | 13.3% |
| 净利率 | 1.2% | 12.4% |
| 营收同比 | 7.9% | 2.8% |
| 净利润同比 | -57.0% | -53.7% |
| 每股收益（稀释后） | $0.35 | $1.04 |
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GXONOW
| Q1 26 | — | $3.8B | ||
| Q4 25 | $3.5B | $3.6B | ||
| Q3 25 | $3.4B | $3.4B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $3.3B | $3.0B | ||
| Q3 24 | $3.2B | $2.8B | ||
| Q2 24 | $2.8B | $2.6B |
净利润GXONOW
| Q1 26 | — | $469.0M | ||
| Q4 25 | $43.0M | $401.0M | ||
| Q3 25 | $59.0M | $502.0M | ||
| Q2 25 | $26.0M | $385.0M | ||
| Q1 25 | $-96.0M | $460.0M | ||
| Q4 24 | $100.0M | $384.0M | ||
| Q3 24 | $33.0M | $432.0M | ||
| Q2 24 | $38.0M | $262.0M |
毛利率GXONOW
| Q1 26 | — | 75.1% | ||
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 77.3% | ||
| Q2 25 | — | 77.5% | ||
| Q1 25 | — | 78.9% | ||
| Q4 24 | — | 78.7% | ||
| Q3 24 | — | 79.1% | ||
| Q2 24 | — | 79.0% |
营业利润率GXONOW
| Q1 26 | — | 13.3% | ||
| Q4 25 | 2.7% | 12.4% | ||
| Q3 25 | 3.5% | 16.8% | ||
| Q2 25 | 2.7% | 11.1% | ||
| Q1 25 | -1.9% | 14.6% | ||
| Q4 24 | 3.1% | 12.6% | ||
| Q3 24 | 2.6% | 14.9% | ||
| Q2 24 | 2.6% | 9.1% |
净利率GXONOW
| Q1 26 | — | 12.4% | ||
| Q4 25 | 1.2% | 11.2% | ||
| Q3 25 | 1.7% | 14.7% | ||
| Q2 25 | 0.8% | 12.0% | ||
| Q1 25 | -3.2% | 14.9% | ||
| Q4 24 | 3.1% | 13.0% | ||
| Q3 24 | 1.0% | 15.4% | ||
| Q2 24 | 1.3% | 10.0% |
每股收益（稀释后）GXONOW
| Q1 26 | — | $1.04 | ||
| Q4 25 | $0.35 | $-4.77 | ||
| Q3 25 | $0.51 | $2.40 | ||
| Q2 25 | $0.23 | $1.84 | ||
| Q1 25 | $-0.81 | $2.20 | ||
| Q4 24 | $0.83 | $1.84 | ||
| Q3 24 | $0.28 | $2.07 | ||
| Q2 24 | $0.32 | $1.26 |
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 | $2.7B |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $3.0B | $11.7B |
| 总资产 | $12.3B | $24.4B |
| 负债/权益比越低杠杆越低 | 0.88× | — |
8季度趋势，按日历期对齐
现金及短期投资GXONOW
| Q1 26 | — | $2.7B | ||
| Q4 25 | $854.0M | $3.7B | ||
| Q3 25 | $339.0M | $2.7B | ||
| Q2 25 | $205.0M | $3.1B | ||
| Q1 25 | $288.0M | $3.4B | ||
| Q4 24 | $413.0M | $2.3B | ||
| Q3 24 | $548.0M | $1.9B | ||
| Q2 24 | $469.0M | $2.2B |
总债务GXONOW
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.6B | — |
股东权益GXONOW
| Q1 26 | — | $11.7B | ||
| Q4 25 | $3.0B | $13.0B | ||
| Q3 25 | $3.0B | $11.3B | ||
| Q2 25 | $2.9B | $10.9B | ||
| Q1 25 | $2.9B | $10.1B | ||
| Q4 24 | $3.0B | $9.6B | ||
| Q3 24 | $3.1B | $9.3B | ||
| Q2 24 | $2.9B | $8.7B |
总资产GXONOW
| Q1 26 | — | $24.4B | ||
| Q4 25 | $12.3B | $26.0B | ||
| Q3 25 | $11.9B | $21.8B | ||
| Q2 25 | $11.9B | $22.1B | ||
| Q1 25 | $11.3B | $21.0B | ||
| Q4 24 | $11.3B | $20.4B | ||
| Q3 24 | $11.9B | $18.4B | ||
| Q2 24 | $11.4B | $18.2B |
负债/权益比GXONOW
| Q1 26 | — | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.88× | — |
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 | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $115.0M | $1.7B |
| 自由现金流率自由现金流/营收 | 3.3% | 44.2% |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | 3.95× | 3.56× |
| 过去12个月自由现金流最近4个季度 | $110.0M | $4.8B |
8季度趋势，按日历期对齐
经营现金流GXONOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $170.0M | $2.2B | ||
| Q3 25 | $232.0M | $813.0M | ||
| Q2 25 | $3.0M | $716.0M | ||
| Q1 25 | $29.0M | $1.7B | ||
| Q4 24 | $186.0M | $1.6B | ||
| Q3 24 | $198.0M | $671.0M | ||
| Q2 24 | $115.0M | $620.0M |
自由现金流GXONOW
| Q1 26 | — | $1.7B | ||
| Q4 25 | $115.0M | $2.0B | ||
| Q3 25 | $88.0M | $578.0M | ||
| Q2 25 | $-44.0M | $526.0M | ||
| Q1 25 | $-49.0M | $1.5B | ||
| Q4 24 | $82.0M | $1.4B | ||
| Q3 24 | $104.0M | $469.0M | ||
| Q2 24 | $27.0M | $358.0M |
自由现金流率GXONOW
| Q1 26 | — | 44.2% | ||
| Q4 25 | 3.3% | 56.1% | ||
| Q3 25 | 2.6% | 17.0% | ||
| Q2 25 | -1.3% | 16.4% | ||
| Q1 25 | -1.6% | 47.7% | ||
| Q4 24 | 2.5% | 46.7% | ||
| Q3 24 | 3.3% | 16.8% | ||
| Q2 24 | 0.9% | 13.6% |
资本支出强度GXONOW
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 6.7% | ||
| Q3 25 | 4.2% | 6.9% | ||
| Q2 25 | 1.4% | 5.9% | ||
| Q1 25 | 2.6% | 6.6% | ||
| Q4 24 | 3.2% | 8.6% | ||
| Q3 24 | 3.0% | 7.2% | ||
| Q2 24 | 3.1% | 10.0% |
现金转化率GXONOW
| Q1 26 | — | 3.56× | ||
| Q4 25 | 3.95× | 5.58× | ||
| Q3 25 | 3.93× | 1.62× | ||
| Q2 25 | 0.12× | 1.86× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | 1.86× | 4.26× | ||
| Q3 24 | 6.00× | 1.55× | ||
| Q2 24 | 3.03× | 2.37× |
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
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $80.5M | 2% |
| Professional services and other revenues | $18.5M | 0% |
