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慧与（HPE）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
慧与的季度营收约是RYDER SYSTEM INC的3.1倍（$9.7B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs 1.8%，领先1.2%），慧与同比增速更快（14.4% vs 1.0%），慧与自由现金流更多（$1.8B vs $273.0M），过去两年慧与的营收复合增速更高（19.7% vs -0.9%）
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及配套咨询与技术支持服务，2018年位列美国《财富》500强美国企业营收排行榜第107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。
HPE vs R — 直观对比
营收规模更大
HPE
是对方的3.1倍
$3.1B
营收增速更快
HPE
高出13.4%
1.0%
净利率更高
R
高出1.2%
1.8%
自由现金流更多
HPE
多$1.6B
$273.0M
两年增速更快
HPE
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $9.7B | $3.1B |
| 净利润 | $175.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | -0.1% | — |
| 净利率 | 1.8% | 3.0% |
| 营收同比 | 14.4% | 1.0% |
| 净利润同比 | -87.2% | -5.1% |
| 每股收益（稀释后） | $0.13 | $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HPER
| Q1 26 | — | $3.1B | ||
| Q4 25 | $9.7B | $3.2B | ||
| Q3 25 | $9.1B | $3.2B | ||
| Q2 25 | $7.6B | $3.2B | ||
| Q1 25 | $7.9B | $3.1B | ||
| Q4 24 | $8.5B | $3.2B | ||
| Q3 24 | $7.7B | $3.2B | ||
| Q2 24 | $7.2B | $3.2B |
净利润HPER
| Q1 26 | — | $93.0M | ||
| Q4 25 | $175.0M | $132.0M | ||
| Q3 25 | $305.0M | $138.0M | ||
| Q2 25 | $-1.1B | $131.0M | ||
| Q1 25 | $627.0M | $98.0M | ||
| Q4 24 | $1.4B | $135.0M | ||
| Q3 24 | $512.0M | $142.0M | ||
| Q2 24 | $314.0M | $127.0M |
营业利润率HPER
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | 5.6% | ||
| Q3 25 | 2.7% | 6.0% | ||
| Q2 25 | -14.5% | 5.8% | ||
| Q1 25 | 5.5% | 4.3% | ||
| Q4 24 | 8.2% | 5.7% | ||
| Q3 24 | 7.1% | 5.9% | ||
| Q2 24 | 5.9% | 5.6% |
净利率HPER
| Q1 26 | — | 3.0% | ||
| Q4 25 | 1.8% | 4.2% | ||
| Q3 25 | 3.3% | 4.4% | ||
| Q2 25 | -13.8% | 4.1% | ||
| Q1 25 | 8.0% | 3.1% | ||
| Q4 24 | 16.2% | 4.2% | ||
| Q3 24 | 6.6% | 4.5% | ||
| Q2 24 | 4.4% | 4.0% |
每股收益（稀释后）HPER
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.13 | $3.22 | ||
| Q3 25 | $0.21 | $3.32 | ||
| Q2 25 | $-0.82 | $3.13 | ||
| Q1 25 | $0.44 | $2.27 | ||
| Q4 24 | $1.02 | $3.09 | ||
| Q3 24 | $0.38 | $3.24 | ||
| Q2 24 | $0.24 | $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 | $5.8B | $182.0M |
| 总债务越低越好 | $17.8B | — |
| 股东权益账面价值 | $24.7B | $2.9B |
| 总资产 | $75.9B | — |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资HPER
| Q1 26 | — | $182.0M | ||
| Q4 25 | $5.8B | $198.0M | ||
| Q3 25 | $4.6B | $189.0M | ||
| Q2 25 | $11.7B | $180.0M | ||
| Q1 25 | $13.4B | $151.0M | ||
| Q4 24 | $14.8B | $154.0M | ||
| Q3 24 | $3.6B | $162.0M | ||
| Q2 24 | $2.7B | $164.0M |
总债务HPER
| Q1 26 | — | — | ||
| Q4 25 | $17.8B | $6.8B | ||
| Q3 25 | $16.9B | $7.3B | ||
| Q2 25 | $12.4B | $7.0B | ||
| Q1 25 | $13.3B | $6.7B | ||
| Q4 24 | $13.5B | $6.7B | ||
| Q3 24 | $7.9B | $6.6B | ||
| Q2 24 | $7.5B | $6.5B |
股东权益HPER
| Q1 26 | — | $2.9B | ||
| Q4 25 | $24.7B | $3.1B | ||
| Q3 25 | $24.4B | $3.1B | ||
| Q2 25 | $23.9B | $3.1B | ||
| Q1 25 | $25.2B | $3.0B | ||
| Q4 24 | $24.8B | $3.1B | ||
| Q3 24 | $22.1B | $3.1B | ||
| Q2 24 | $21.7B | $3.1B |
总资产HPER
| Q1 26 | — | — | ||
| Q4 25 | $75.9B | $16.4B | ||
| Q3 25 | $77.3B | $16.5B | ||
| Q2 25 | $67.9B | $16.5B | ||
| Q1 25 | $70.3B | $16.4B | ||
| Q4 24 | $71.3B | $16.7B | ||
| Q3 24 | $60.9B | $16.5B | ||
| Q2 24 | $59.7B | $16.4B |
负债/权益比HPER
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 2.24× | ||
| Q3 25 | 0.69× | 2.35× | ||
| Q2 25 | 0.52× | 2.27× | ||
| Q1 25 | 0.53× | 2.21× | ||
| Q4 24 | 0.54× | 2.14× | ||
| Q3 24 | 0.36× | 2.17× | ||
| Q2 24 | 0.35× | 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 | $2.5B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $1.8B | $273.0M |
| 自由现金流率自由现金流/营收 | 18.8% | 8.7% |
| 资本支出强度资本支出/营收 | 6.6% | 13.7% |
| 现金转化率经营现金流/净利润 | 14.09× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $627.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流HPER
| Q1 26 | — | $583.0M | ||
| Q4 25 | $2.5B | $749.0M | ||
| Q3 25 | $1.3B | $442.0M | ||
| Q2 25 | $-461.0M | $752.0M | ||
| Q1 25 | $-390.0M | $651.0M | ||
| Q4 24 | $2.0B | $558.0M | ||
| Q3 24 | $1.2B | $629.0M | ||
| Q2 24 | $1.1B | $552.0M |
自由现金流HPER
| Q1 26 | — | $273.0M | ||
| Q4 25 | $1.8B | $344.0M | ||
| Q3 25 | $729.0M | $-85.0M | ||
| Q2 25 | $-1.0B | $63.0M | ||
| Q1 25 | $-918.0M | $137.0M | ||
| Q4 24 | $1.4B | $-201.0M | ||
| Q3 24 | $611.0M | $30.0M | ||
| Q2 24 | $533.0M | $-87.0M |
自由现金流率HPER
| Q1 26 | — | 8.7% | ||
| Q4 25 | 18.8% | 10.8% | ||
| Q3 25 | 8.0% | -2.7% | ||
| Q2 25 | -13.2% | 2.0% | ||
| Q1 25 | -11.7% | 4.4% | ||
| Q4 24 | 16.8% | -6.3% | ||
| Q3 24 | 7.9% | 0.9% | ||
| Q2 24 | 7.4% | -2.7% |
资本支出强度HPER
| Q1 26 | — | 13.7% | ||
| Q4 25 | 6.6% | 12.8% | ||
| Q3 25 | 6.3% | 16.6% | ||
| Q2 25 | 7.2% | 21.6% | ||
| Q1 25 | 6.7% | 16.4% | ||
| Q4 24 | 7.2% | 23.8% | ||
| Q3 24 | 7.0% | 18.9% | ||
| Q2 24 | 7.8% | 20.1% |
现金转化率HPER
| Q1 26 | — | 6.27× | ||
| Q4 25 | 14.09× | 5.67× | ||
| Q3 25 | 4.28× | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | -0.62× | 6.64× | ||
| Q4 24 | 1.49× | 4.13× | ||
| Q3 24 | 2.25× | 4.43× | ||
| Q2 24 | 3.48× | 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
HPE
| Products | $6.2B | 64% |
| Services | $3.3B | 34% |
| Other | $199.0M | 2% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
