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惠普（HPQ）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
惠普的季度营收约是RYDER SYSTEM INC的1.1倍（$14.6B vs $13.1B），惠普净利率更高（5.4% vs 0.7%，领先4.7%），惠普同比增速更快（4.2% vs 1.0%），惠普自由现金流更多（$1.4B vs $273.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（102.9% vs 5.4%）
惠普（HP）是美国知名跨国信息技术企业，1939年由比尔·休利特与戴维·帕卡德在加州帕洛阿尔托的一间车库中创立，后续成长为硅谷核心地带极具影响力的科技巨头，其倡导的“惠普之道”经营理念也在行业内广为流传。
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。
HPQ vs R — 直观对比
营收规模更大
HPQ
是对方的1.1倍
$13.1B
营收增速更快
HPQ
高出3.2%
1.0%
净利率更高
HPQ
高出4.7%
0.7%
自由现金流更多
HPQ
多$1.2B
$273.0M
两年增速更快
R
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $14.6B | $13.1B |
| 净利润 | $795.0M | $93.0M |
| 毛利率 | 20.2% | — |
| 营业利润率 | 6.6% | — |
| 净利率 | 5.4% | 0.7% |
| 营收同比 | 4.2% | 1.0% |
| 净利润同比 | -12.3% | -5.1% |
| 每股收益（稀释后） | $0.84 | $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HPQR
| Q1 26 | — | $13.1B | ||
| Q4 25 | $14.6B | $3.2B | ||
| Q3 25 | $13.9B | $3.2B | ||
| Q2 25 | $13.2B | $3.2B | ||
| Q1 25 | $13.5B | $3.1B | ||
| Q4 24 | $14.1B | $3.2B | ||
| Q3 24 | $13.5B | $3.2B | ||
| Q2 24 | $12.8B | $3.2B |
净利润HPQR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $795.0M | $132.0M | ||
| Q3 25 | $763.0M | $138.0M | ||
| Q2 25 | $406.0M | $131.0M | ||
| Q1 25 | $565.0M | $98.0M | ||
| Q4 24 | $906.0M | $135.0M | ||
| Q3 24 | $640.0M | $142.0M | ||
| Q2 24 | $607.0M | $127.0M |
毛利率HPQR
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | 23.6% | — |
营业利润率HPQR
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 5.6% | ||
| Q3 25 | 5.1% | 6.0% | ||
| Q2 25 | 4.9% | 5.8% | ||
| Q1 25 | 6.3% | 4.3% | ||
| Q4 24 | 7.1% | 5.7% | ||
| Q3 24 | 7.0% | 5.9% | ||
| Q2 24 | 7.4% | 5.6% |
净利率HPQR
| Q1 26 | — | 0.7% | ||
| Q4 25 | 5.4% | 4.2% | ||
| Q3 25 | 5.5% | 4.4% | ||
| Q2 25 | 3.1% | 4.1% | ||
| Q1 25 | 4.2% | 3.1% | ||
| Q4 24 | 6.4% | 4.2% | ||
| Q3 24 | 4.7% | 4.5% | ||
| Q2 24 | 4.7% | 4.0% |
每股收益（稀释后）HPQR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $0.84 | $3.22 | ||
| Q3 25 | $0.80 | $3.32 | ||
| Q2 25 | $0.42 | $3.13 | ||
| Q1 25 | $0.59 | $2.27 | ||
| Q4 24 | $0.93 | $3.09 | ||
| Q3 24 | $0.65 | $3.24 | ||
| Q2 24 | $0.61 | $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 | $3.7B | $182.0M |
| 总债务越低越好 | $9.7B | — |
| 股东权益账面价值 | $-346.0M | $2.9B |
| 总资产 | $41.8B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HPQR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $3.7B | $198.0M | ||
| Q3 25 | $2.9B | $189.0M | ||
| Q2 25 | $2.7B | $180.0M | ||
| Q1 25 | $2.9B | $151.0M | ||
| Q4 24 | $3.2B | $154.0M | ||
| Q3 24 | $2.8B | $162.0M | ||
| Q2 24 | $2.4B | $164.0M |
总债务HPQR
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | $9.7B | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益HPQR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $-346.0M | $3.1B | ||
| Q3 25 | $-901.0M | $3.1B | ||
| Q2 25 | $-1.3B | $3.1B | ||
| Q1 25 | $-1.1B | $3.0B | ||
| Q4 24 | $-1.3B | $3.1B | ||
| Q3 24 | $-1.4B | $3.1B | ||
| Q2 24 | $-916.0M | $3.1B |
总资产HPQR
| Q1 26 | — | — | ||
| Q4 25 | $41.8B | $16.4B | ||
| Q3 25 | $39.9B | $16.5B | ||
| Q2 25 | $38.8B | $16.5B | ||
| Q1 25 | $38.9B | $16.4B | ||
| Q4 24 | $39.9B | $16.7B | ||
| Q3 24 | $38.1B | $16.5B | ||
| Q2 24 | $37.4B | $16.4B |
负债/权益比HPQR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 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 | $1.6B | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $273.0M |
| 自由现金流率自由现金流/营收 | 9.7% | 2.1% |
| 资本支出强度资本支出/营收 | 1.3% | 3.3% |
| 现金转化率经营现金流/净利润 | 2.04× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $2.8B | $595.0M |
8季度趋势，按日历期对齐
经营现金流HPQR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.6B | $749.0M | ||
| Q3 25 | $1.7B | $442.0M | ||
| Q2 25 | $38.0M | $752.0M | ||
| Q1 25 | $374.0M | $651.0M | ||
| Q4 24 | $1.6B | $558.0M | ||
| Q3 24 | $1.4B | $629.0M | ||
| Q2 24 | $581.0M | $552.0M |
自由现金流HPQR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $1.4B | $344.0M | ||
| Q3 25 | $1.4B | $-85.0M | ||
| Q2 25 | $-145.0M | $63.0M | ||
| Q1 25 | $72.0M | $137.0M | ||
| Q4 24 | $1.5B | $-201.0M | ||
| Q3 24 | $1.3B | $30.0M | ||
| Q2 24 | $462.0M | $-87.0M |
自由现金流率HPQR
| Q1 26 | — | 2.1% | ||
| Q4 25 | 9.7% | 10.8% | ||
| Q3 25 | 10.4% | -2.7% | ||
| Q2 25 | -1.1% | 2.0% | ||
| Q1 25 | 0.5% | 4.4% | ||
| Q4 24 | 10.5% | -6.3% | ||
| Q3 24 | 9.3% | 0.9% | ||
| Q2 24 | 3.6% | -2.7% |
资本支出强度HPQR
| Q1 26 | — | 3.3% | ||
| Q4 25 | 1.3% | 12.8% | ||
| Q3 25 | 1.5% | 16.6% | ||
| Q2 25 | 1.4% | 21.6% | ||
| Q1 25 | 2.2% | 16.4% | ||
| Q4 24 | 1.1% | 23.8% | ||
| Q3 24 | 1.2% | 18.9% | ||
| Q2 24 | 0.9% | 20.1% |
现金转化率HPQR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.04× | 5.67× | ||
| Q3 25 | 2.18× | 3.20× | ||
| Q2 25 | 0.09× | 5.74× | ||
| Q1 25 | 0.66× | 6.64× | ||
| Q4 24 | 1.79× | 4.13× | ||
| Q3 24 | 2.23× | 4.43× | ||
| Q2 24 | 0.96× | 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
HPQ
| Commercial PS | $7.0B | 48% |
| Consumer PS | $3.4B | 23% |
| Supplies | $2.8B | 19% |
| Commercial Printing | $1.2B | 8% |
| Consumer Printing | $296.0M | 2% |
| Corporate Investments | $19.0M | 0% |
R
暂无分部数据
