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国际纸业（IP）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
国际纸业的季度营收约是RYDER SYSTEM INC的1.9倍（$6.0B vs $3.1B），RYDER SYSTEM INC净利率更高（3.0% vs 1.0%，领先2.0%），RYDER SYSTEM INC同比增速更快（1.0% vs -0.6%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $94.0M），过去两年国际纸业的营收复合增速更高（12.3% vs -0.9%）
国际纸业是总部位于美国田纳西州孟菲斯的纸浆及造纸企业，为全球规模最大的同类型企业，目前拥有约3.9万名员工，产品覆盖纸浆、包装用纸、办公用纸等品类，业务遍及全球多个国家和地区，广泛服务各行业客户的相关需求。
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。
IP vs R — 直观对比
营收规模更大
IP
是对方的1.9倍
$3.1B
营收增速更快
R
高出1.6%
-0.6%
净利率更高
R
高出2.0%
1.0%
自由现金流更多
R
多$179.0M
$94.0M
两年增速更快
IP
近两年复合增速
-0.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $3.1B |
| 净利润 | $60.0M | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 1.0% | 3.0% |
| 营收同比 | -0.6% | 1.0% |
| 净利润同比 | 157.1% | -5.1% |
| 每股收益（稀释后） | $0.14 | $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IPR
| Q1 26 | $6.0B | $3.1B | ||
| Q4 25 | $4.7B | $3.2B | ||
| Q3 25 | $6.2B | $3.2B | ||
| Q2 25 | $6.8B | $3.2B | ||
| Q1 25 | $5.9B | $3.1B | ||
| Q4 24 | $4.6B | $3.2B | ||
| Q3 24 | $4.7B | $3.2B | ||
| Q2 24 | $4.7B | $3.2B |
净利润IPR
| Q1 26 | $60.0M | $93.0M | ||
| Q4 25 | $-2.4B | $132.0M | ||
| Q3 25 | $-1.1B | $138.0M | ||
| Q2 25 | $75.0M | $131.0M | ||
| Q1 25 | $-105.0M | $98.0M | ||
| Q4 24 | $-147.0M | $135.0M | ||
| Q3 24 | $150.0M | $142.0M | ||
| Q2 24 | $498.0M | $127.0M |
毛利率IPR
| Q1 26 | — | — | ||
| Q4 25 | 32.2% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.0% | — |
营业利润率IPR
| Q1 26 | — | — | ||
| Q4 25 | -56.4% | 5.6% | ||
| Q3 25 | -10.8% | 6.0% | ||
| Q2 25 | 1.7% | 5.8% | ||
| Q1 25 | -2.3% | 4.3% | ||
| Q4 24 | -4.9% | 5.7% | ||
| Q3 24 | 5.1% | 5.9% | ||
| Q2 24 | 6.8% | 5.6% |
净利率IPR
| Q1 26 | 1.0% | 3.0% | ||
| Q4 25 | -50.3% | 4.2% | ||
| Q3 25 | -17.7% | 4.4% | ||
| Q2 25 | 1.1% | 4.1% | ||
| Q1 25 | -1.8% | 3.1% | ||
| Q4 24 | -3.2% | 4.2% | ||
| Q3 24 | 3.2% | 4.5% | ||
| Q2 24 | 10.5% | 4.0% |
每股收益（稀释后）IPR
| Q1 26 | $0.14 | $2.34 | ||
| Q4 25 | $-4.76 | $3.22 | ||
| Q3 25 | $-2.09 | $3.32 | ||
| Q2 25 | $0.14 | $3.13 | ||
| Q1 25 | $-0.24 | $2.27 | ||
| Q4 24 | $-0.42 | $3.09 | ||
| Q3 24 | $0.42 | $3.24 | ||
| Q2 24 | $1.41 | $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 | — | $182.0M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $14.8B | $2.9B |
| 总资产 | $36.4B | — |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
现金及短期投资IPR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.1B | $198.0M | ||
| Q3 25 | $995.0M | $189.0M | ||
| Q2 25 | $1.1B | $180.0M | ||
| Q1 25 | $1.2B | $151.0M | ||
| Q4 24 | $1.2B | $154.0M | ||
| Q3 24 | $1.2B | $162.0M | ||
| Q2 24 | $1.0B | $164.0M |
总债务IPR
| Q1 26 | $8.2B | — | ||
| Q4 25 | $8.8B | $6.8B | ||
| Q3 25 | $9.0B | $7.3B | ||
| Q2 25 | $9.7B | $7.0B | ||
| Q1 25 | $9.2B | $6.7B | ||
| Q4 24 | $5.4B | $6.7B | ||
| Q3 24 | $5.3B | $6.6B | ||
| Q2 24 | $5.3B | $6.5B |
股东权益IPR
| Q1 26 | $14.8B | $2.9B | ||
| Q4 25 | $14.8B | $3.1B | ||
| Q3 25 | $17.3B | $3.1B | ||
| Q2 25 | $18.6B | $3.1B | ||
| Q1 25 | $18.1B | $3.0B | ||
| Q4 24 | $8.2B | $3.1B | ||
| Q3 24 | $8.6B | $3.1B | ||
| Q2 24 | $8.6B | $3.1B |
总资产IPR
| Q1 26 | $36.4B | — | ||
| Q4 25 | $38.0B | $16.4B | ||
| Q3 25 | $40.6B | $16.5B | ||
| Q2 25 | $42.4B | $16.5B | ||
| Q1 25 | $41.2B | $16.4B | ||
| Q4 24 | $22.8B | $16.7B | ||
| Q3 24 | $23.2B | $16.5B | ||
| Q2 24 | $23.1B | $16.4B |
负债/权益比IPR
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.60× | 2.24× | ||
| Q3 25 | 0.52× | 2.35× | ||
| Q2 25 | 0.52× | 2.27× | ||
| Q1 25 | 0.51× | 2.21× | ||
| Q4 24 | 0.66× | 2.14× | ||
| Q3 24 | 0.62× | 2.17× | ||
| Q2 24 | 0.62× | 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 | — | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $94.0M | $273.0M |
| 自由现金流率自由现金流/营收 | 1.6% | 8.7% |
| 资本支出强度资本支出/营收 | 8.7% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $553.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流IPR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $905.0M | $749.0M | ||
| Q3 25 | $605.0M | $442.0M | ||
| Q2 25 | $476.0M | $752.0M | ||
| Q1 25 | $-288.0M | $651.0M | ||
| Q4 24 | $397.0M | $558.0M | ||
| Q3 24 | $521.0M | $629.0M | ||
| Q2 24 | $365.0M | $552.0M |
自由现金流IPR
| Q1 26 | $94.0M | $273.0M | ||
| Q4 25 | $255.0M | $344.0M | ||
| Q3 25 | $150.0M | $-85.0M | ||
| Q2 25 | $54.0M | $63.0M | ||
| Q1 25 | $-618.0M | $137.0M | ||
| Q4 24 | $137.0M | $-201.0M | ||
| Q3 24 | $309.0M | $30.0M | ||
| Q2 24 | $167.0M | $-87.0M |
自由现金流率IPR
| Q1 26 | 1.6% | 8.7% | ||
| Q4 25 | 5.4% | 10.8% | ||
| Q3 25 | 2.4% | -2.7% | ||
| Q2 25 | 0.8% | 2.0% | ||
| Q1 25 | -10.5% | 4.4% | ||
| Q4 24 | 3.0% | -6.3% | ||
| Q3 24 | 6.6% | 0.9% | ||
| Q2 24 | 3.5% | -2.7% |
资本支出强度IPR
| Q1 26 | 8.7% | 13.7% | ||
| Q4 25 | 13.7% | 12.8% | ||
| Q3 25 | 7.3% | 16.6% | ||
| Q2 25 | 6.2% | 21.6% | ||
| Q1 25 | 5.6% | 16.4% | ||
| Q4 24 | 5.7% | 23.8% | ||
| Q3 24 | 4.5% | 18.9% | ||
| Q2 24 | 4.2% | 20.1% |
现金转化率IPR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | 6.35× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | — | 4.13× | ||
| Q3 24 | 3.47× | 4.43× | ||
| Q2 24 | 0.73× | 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
IP
| Packaging Solutions North America | $3.6B | 61% |
| Packaging Solutions EMEA | $2.3B | 39% |
| Corporate and Inter-segment Sales | $22.0M | 0% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
