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ICAHN ENTERPRISES L.P.（IEP）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
ICAHN ENTERPRISES L.P.的季度营收约是RXO, Inc.的1.8倍（$2.7B vs $1.5B），ICAHN ENTERPRISES L.P.净利率更高（0.0% vs -3.1%，领先3.2%），ICAHN ENTERPRISES L.P.同比增速更快（5.4% vs -11.9%），RXO, Inc.自由现金流更多（$-9.0M vs $-496.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 4.5%）
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
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。
IEP vs RXO — 直观对比
营收规模更大
IEP
是对方的1.8倍
$1.5B
营收增速更快
IEP
高出17.2%
-11.9%
净利率更高
IEP
高出3.2%
-3.1%
自由现金流更多
RXO
多$487.0M
$-496.0M
两年增速更快
RXO
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.5B |
| 净利润 | $1.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.6% | -2.9% |
| 净利率 | 0.0% | -3.1% |
| 营收同比 | 5.4% | -11.9% |
| 净利润同比 | 101.0% | -84.0% |
| 每股收益（稀释后） | — | $-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IEPRXO
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.4B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.8B | $1.0B | ||
| Q2 24 | $2.2B | $930.0M | ||
| Q1 24 | $2.5B | $913.0M |
净利润IEPRXO
| Q4 25 | $1.0M | $-46.0M | ||
| Q3 25 | $287.0M | $-14.0M | ||
| Q2 25 | $-165.0M | $-9.0M | ||
| Q1 25 | $-422.0M | $-31.0M | ||
| Q4 24 | $-98.0M | $-25.0M | ||
| Q3 24 | $22.0M | $-243.0M | ||
| Q2 24 | $-331.0M | $-7.0M | ||
| Q1 24 | $-38.0M | $-15.0M |
营业利润率IEPRXO
| Q4 25 | 0.6% | -2.9% | ||
| Q3 25 | 19.7% | -0.5% | ||
| Q2 25 | -10.4% | — | ||
| Q1 25 | -35.0% | -2.1% | ||
| Q4 24 | -5.2% | -1.4% | ||
| Q3 24 | 2.4% | -1.9% | ||
| Q2 24 | -21.9% | — | ||
| Q1 24 | -0.8% | -1.3% |
净利率IEPRXO
| Q4 25 | 0.0% | -3.1% | ||
| Q3 25 | 10.5% | -1.0% | ||
| Q2 25 | -7.0% | -0.6% | ||
| Q1 25 | -22.6% | -2.2% | ||
| Q4 24 | -3.8% | -1.5% | ||
| Q3 24 | 0.8% | -23.4% | ||
| Q2 24 | -15.0% | -0.8% | ||
| Q1 24 | -1.5% | -1.6% |
每股收益（稀释后）IEPRXO
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-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 | $1.4B | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | $14.2B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资IEPRXO
| Q4 25 | $1.4B | $17.0M | ||
| Q3 25 | $1.8B | $25.0M | ||
| Q2 25 | $1.8B | $18.0M | ||
| Q1 25 | $2.2B | $16.0M | ||
| Q4 24 | $2.6B | $35.0M | ||
| Q3 24 | $2.3B | $55.0M | ||
| Q2 24 | $2.2B | $7.0M | ||
| Q1 24 | $2.5B | $7.0M |
总债务IEPRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益IEPRXO
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $579.0M | ||
| Q1 24 | — | $582.0M |
总资产IEPRXO
| Q4 25 | $14.2B | $3.3B | ||
| Q3 25 | $14.8B | $3.2B | ||
| Q2 25 | $14.8B | $3.2B | ||
| Q1 25 | $15.5B | $3.3B | ||
| Q4 24 | $16.3B | $3.4B | ||
| Q3 24 | $17.4B | $3.4B | ||
| Q2 24 | $18.0B | $1.8B | ||
| Q1 24 | $20.1B | $1.8B |
负债/权益比IEPRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 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 | $-421.0M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $-496.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | -18.4% | -0.6% |
| 资本支出强度资本支出/营收 | 2.8% | 1.1% |
| 现金转化率经营现金流/净利润 | -421.00× | — |
| 过去12个月自由现金流最近4个季度 | $-654.0M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流IEPRXO
| Q4 25 | $-421.0M | $7.0M | ||
| Q3 25 | $15.0M | $23.0M | ||
| Q2 25 | $275.0M | $23.0M | ||
| Q1 25 | $-182.0M | $-2.0M | ||
| Q4 24 | $244.0M | $-7.0M | ||
| Q3 24 | $-54.0M | $-7.0M | ||
| Q2 24 | $893.0M | $-5.0M | ||
| Q1 24 | $-251.0M | $7.0M |
自由现金流IEPRXO
| Q4 25 | $-496.0M | $-9.0M | ||
| Q3 25 | $-67.0M | $9.0M | ||
| Q2 25 | $179.0M | $9.0M | ||
| Q1 25 | $-270.0M | $-17.0M | ||
| Q4 24 | $156.0M | $-19.0M | ||
| Q3 24 | $-112.0M | $-18.0M | ||
| Q2 24 | $827.0M | $-16.0M | ||
| Q1 24 | $-319.0M | $-4.0M |
自由现金流率IEPRXO
| Q4 25 | -18.4% | -0.6% | ||
| Q3 25 | -2.5% | 0.6% | ||
| Q2 25 | 7.6% | 0.6% | ||
| Q1 25 | -14.5% | -1.2% | ||
| Q4 24 | 6.1% | -1.1% | ||
| Q3 24 | -4.0% | -1.7% | ||
| Q2 24 | 37.6% | -1.7% | ||
| Q1 24 | -12.9% | -0.4% |
资本支出强度IEPRXO
| Q4 25 | 2.8% | 1.1% | ||
| Q3 25 | 3.0% | 1.0% | ||
| Q2 25 | 4.1% | 1.0% | ||
| Q1 25 | 4.7% | 1.0% | ||
| Q4 24 | 3.4% | 0.7% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 3.0% | 1.2% | ||
| Q1 24 | 2.8% | 1.2% |
现金转化率IEPRXO
| Q4 25 | -421.00× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.45× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 0% |
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% |
