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宜瑞安（INGR）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
宜瑞安的季度营收约是RXO, Inc.的1.2倍（$1.8B vs $1.5B），宜瑞安净利率更高（9.5% vs -3.1%，领先12.6%），宜瑞安同比增速更快（-2.4% vs -11.9%），宜瑞安自由现金流更多（$270.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs -3.4%）
宜瑞安（Ingredion Inc.）是总部位于美国伊利诺伊州的食品饮料配料供应商，主打产品包括淀粉、非转基因甜味剂、甜菊糖、豌豆蛋白等，以玉米、木薯、马铃薯、谷物、果蔬等为原料，产品供应食品、饮料、酿造、制药等多个行业，在全球44个站点拥有约1.2万名员工，客户覆盖超120个国家。
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。
INGR vs RXO — 直观对比
营收规模更大
INGR
是对方的1.2倍
$1.5B
营收增速更快
INGR
高出9.5%
-11.9%
净利率更高
INGR
高出12.6%
-3.1%
自由现金流更多
INGR
多$279.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.5B |
| 净利润 | $167.0M | $-46.0M |
| 毛利率 | 24.5% | — |
| 营业利润率 | 12.5% | -2.9% |
| 净利率 | 9.5% | -3.1% |
| 营收同比 | -2.4% | -11.9% |
| 净利润同比 | 72.2% | -84.0% |
| 每股收益（稀释后） | $2.58 | $-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INGRRXO
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.9B | $930.0M | ||
| Q1 24 | $1.9B | $913.0M |
净利润INGRRXO
| Q4 25 | $167.0M | $-46.0M | ||
| Q3 25 | $171.0M | $-14.0M | ||
| Q2 25 | $196.0M | $-9.0M | ||
| Q1 25 | $197.0M | $-31.0M | ||
| Q4 24 | $97.0M | $-25.0M | ||
| Q3 24 | $188.0M | $-243.0M | ||
| Q2 24 | $148.0M | $-7.0M | ||
| Q1 24 | $216.0M | $-15.0M |
毛利率INGRRXO
| Q4 25 | 24.5% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | 25.7% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | 22.2% | — |
营业利润率INGRRXO
| Q4 25 | 12.5% | -2.9% | ||
| Q3 25 | 13.7% | -0.5% | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 15.2% | -2.1% | ||
| Q4 24 | 9.0% | -1.4% | ||
| Q3 24 | 14.3% | -1.9% | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 11.3% | -1.3% |
净利率INGRRXO
| Q4 25 | 9.5% | -3.1% | ||
| Q3 25 | 9.4% | -1.0% | ||
| Q2 25 | 10.7% | -0.6% | ||
| Q1 25 | 10.9% | -2.2% | ||
| Q4 24 | 5.4% | -1.5% | ||
| Q3 24 | 10.1% | -23.4% | ||
| Q2 24 | 7.9% | -0.8% | ||
| Q1 24 | 11.5% | -1.6% |
每股收益（稀释后）INGRRXO
| Q4 25 | $2.58 | $-0.28 | ||
| Q3 25 | $2.61 | $-0.08 | ||
| Q2 25 | $2.99 | $-0.05 | ||
| Q1 25 | $3.00 | $-0.18 | ||
| Q4 24 | $1.43 | $-0.17 | ||
| Q3 24 | $2.83 | $-1.81 | ||
| Q2 24 | $2.22 | $-0.06 | ||
| Q1 24 | $3.23 | $-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 | $1.0B | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $4.3B | $1.5B |
| 总资产 | $7.9B | $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INGRRXO
| Q4 25 | $1.0B | $17.0M | ||
| Q3 25 | $915.0M | $25.0M | ||
| Q2 25 | $861.0M | $18.0M | ||
| Q1 25 | $837.0M | $16.0M | ||
| Q4 24 | $997.0M | $35.0M | ||
| Q3 24 | $877.0M | $55.0M | ||
| Q2 24 | $505.0M | $7.0M | ||
| Q1 24 | $438.0M | $7.0M |
总债务INGRRXO
| 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INGRRXO
| Q4 25 | $4.3B | $1.5B | ||
| Q3 25 | $4.2B | $1.6B | ||
| Q2 25 | $4.2B | $1.6B | ||
| Q1 25 | $4.0B | $1.6B | ||
| Q4 24 | $3.8B | $1.6B | ||
| Q3 24 | $4.0B | $1.7B | ||
| Q2 24 | $3.7B | $579.0M | ||
| Q1 24 | $3.7B | $582.0M |
总资产INGRRXO
| Q4 25 | $7.9B | $3.3B | ||
| Q3 25 | $7.8B | $3.2B | ||
| Q2 25 | $7.8B | $3.2B | ||
| Q1 25 | $7.5B | $3.3B | ||
| Q4 24 | $7.4B | $3.4B | ||
| Q3 24 | $7.5B | $3.4B | ||
| Q2 24 | $7.2B | $1.8B | ||
| Q1 24 | $7.3B | $1.8B |
负债/权益比INGRRXO
| 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 | $405.0M | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $270.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 15.4% | -0.6% |
| 资本支出强度资本支出/营收 | 7.7% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.43× | — |
| 过去12个月自由现金流最近4个季度 | $511.0M | $-8.0M |
8季度趋势，按日历期对齐
经营现金流INGRRXO
| Q4 25 | $405.0M | $7.0M | ||
| Q3 25 | $277.0M | $23.0M | ||
| Q2 25 | $185.0M | $23.0M | ||
| Q1 25 | $77.0M | $-2.0M | ||
| Q4 24 | $436.0M | $-7.0M | ||
| Q3 24 | $479.0M | $-7.0M | ||
| Q2 24 | $312.0M | $-5.0M | ||
| Q1 24 | $209.0M | $7.0M |
自由现金流INGRRXO
| Q4 25 | $270.0M | $-9.0M | ||
| Q3 25 | $172.0M | $9.0M | ||
| Q2 25 | $84.0M | $9.0M | ||
| Q1 25 | $-15.0M | $-17.0M | ||
| Q4 24 | $311.0M | $-19.0M | ||
| Q3 24 | $429.0M | $-18.0M | ||
| Q2 24 | $257.0M | $-16.0M | ||
| Q1 24 | $144.0M | $-4.0M |
自由现金流率INGRRXO
| Q4 25 | 15.4% | -0.6% | ||
| Q3 25 | 9.5% | 0.6% | ||
| Q2 25 | 4.6% | 0.6% | ||
| Q1 25 | -0.8% | -1.2% | ||
| Q4 24 | 17.3% | -1.1% | ||
| Q3 24 | 22.9% | -1.7% | ||
| Q2 24 | 13.7% | -1.7% | ||
| Q1 24 | 7.7% | -0.4% |
资本支出强度INGRRXO
| Q4 25 | 7.7% | 1.1% | ||
| Q3 25 | 5.8% | 1.0% | ||
| Q2 25 | 5.5% | 1.0% | ||
| Q1 25 | 5.1% | 1.0% | ||
| Q4 24 | 6.9% | 0.7% | ||
| Q3 24 | 2.7% | 1.1% | ||
| Q2 24 | 2.9% | 1.2% | ||
| Q1 24 | 3.5% | 1.2% |
现金转化率INGRRXO
| Q4 25 | 2.43× | — | ||
| Q3 25 | 1.62× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 4.49× | — | ||
| Q3 24 | 2.55× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 0.97× | — |
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
INGR
| Food And Industrial Ingredients LATAM Segment | $599.0M | 34% |
| Texture And Healthful Solutions Segment | $598.0M | 34% |
| Food And Industrial Ingredients U.S.Canada Segment | $486.0M | 28% |
| Other | $74.0M | 4% |
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% |
