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高德纳（IT）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
RYDER SYSTEM INC的季度营收约是高德纳的1.8倍（$3.1B vs $1.8B），高德纳净利率更高（13.8% vs 3.0%，领先10.8%），高德纳同比增速更快（2.2% vs 1.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $270.7M），过去两年高德纳的营收复合增速更高（9.1% vs -0.9%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
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。
IT vs R — 直观对比
营收规模更大
R
是对方的1.8倍
$1.8B
营收增速更快
IT
高出1.2%
1.0%
净利率更高
IT
高出10.8%
3.0%
自由现金流更多
R
多$2.3M
$270.7M
两年增速更快
IT
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $3.1B |
| 净利润 | $242.2M | $93.0M |
| 毛利率 | 67.8% | — |
| 营业利润率 | 19.1% | — |
| 净利率 | 13.8% | 3.0% |
| 营收同比 | 2.2% | 1.0% |
| 净利润同比 | -39.2% | -5.1% |
| 每股收益（稀释后） | $3.36 | $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ITR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.5B | $3.1B | ||
| Q4 24 | $1.7B | $3.2B | ||
| Q3 24 | $1.5B | $3.2B | ||
| Q2 24 | $1.6B | $3.2B |
净利润ITR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $242.2M | $132.0M | ||
| Q3 25 | $35.4M | $138.0M | ||
| Q2 25 | $240.8M | $131.0M | ||
| Q1 25 | $210.9M | $98.0M | ||
| Q4 24 | $398.6M | $135.0M | ||
| Q3 24 | $415.0M | $142.0M | ||
| Q2 24 | $229.5M | $127.0M |
毛利率ITR
| Q1 26 | — | — | ||
| Q4 25 | 67.8% | — | ||
| Q3 25 | 69.3% | — | ||
| Q2 25 | 68.6% | — | ||
| Q1 25 | 69.4% | — | ||
| Q4 24 | 66.8% | — | ||
| Q3 24 | 68.4% | — | ||
| Q2 24 | 68.6% | — |
营业利润率ITR
| Q1 26 | — | — | ||
| Q4 25 | 19.1% | 5.6% | ||
| Q3 25 | 5.7% | 6.0% | ||
| Q2 25 | 19.4% | 5.8% | ||
| Q1 25 | 18.1% | 4.3% | ||
| Q4 24 | 18.5% | 5.7% | ||
| Q3 24 | 16.6% | 5.9% | ||
| Q2 24 | 20.0% | 5.6% |
净利率ITR
| Q1 26 | — | 3.0% | ||
| Q4 25 | 13.8% | 4.2% | ||
| Q3 25 | 2.3% | 4.4% | ||
| Q2 25 | 14.3% | 4.1% | ||
| Q1 25 | 13.7% | 3.1% | ||
| Q4 24 | 23.2% | 4.2% | ||
| Q3 24 | 28.0% | 4.5% | ||
| Q2 24 | 14.4% | 4.0% |
每股收益（稀释后）ITR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $3.36 | $3.22 | ||
| Q3 25 | $0.47 | $3.32 | ||
| Q2 25 | $3.11 | $3.13 | ||
| Q1 25 | $2.71 | $2.27 | ||
| Q4 24 | $5.08 | $3.09 | ||
| Q3 24 | $5.32 | $3.24 | ||
| Q2 24 | $2.93 | $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 | $1.7B | $182.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $319.9M | $2.9B |
| 总资产 | $8.1B | — |
| 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ITR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.7B | $198.0M | ||
| Q3 25 | $1.4B | $189.0M | ||
| Q2 25 | $2.2B | $180.0M | ||
| Q1 25 | $2.1B | $151.0M | ||
| Q4 24 | $1.9B | $154.0M | ||
| Q3 24 | $1.8B | $162.0M | ||
| Q2 24 | $1.2B | $164.0M |
总债务ITR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益ITR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $319.9M | $3.1B | ||
| Q3 25 | $556.6M | $3.1B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.5B | $3.0B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $646.7M | $3.1B |
总资产ITR
| Q1 26 | — | — | ||
| Q4 25 | $8.1B | $16.4B | ||
| Q3 25 | $7.2B | $16.5B | ||
| Q2 25 | $8.3B | $16.5B | ||
| Q1 25 | $8.5B | $16.4B | ||
| Q4 24 | $8.5B | $16.7B | ||
| Q3 24 | $7.8B | $16.5B | ||
| Q2 24 | $7.4B | $16.4B |
负债/权益比ITR
| 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 | $294.5M | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $273.0M |
| 自由现金流率自由现金流/营收 | 15.4% | 8.7% |
| 资本支出强度资本支出/营收 | 1.4% | 13.7% |
| 现金转化率经营现金流/净利润 | 1.22× | 6.27× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $595.0M |
8季度趋势，按日历期对齐
经营现金流ITR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $294.5M | $749.0M | ||
| Q3 25 | $298.7M | $442.0M | ||
| Q2 25 | $383.6M | $752.0M | ||
| Q1 25 | $313.5M | $651.0M | ||
| Q4 24 | $335.4M | $558.0M | ||
| Q3 24 | $590.8M | $629.0M | ||
| Q2 24 | $370.0M | $552.0M |
自由现金流ITR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $270.7M | $344.0M | ||
| Q3 25 | $269.3M | $-85.0M | ||
| Q2 25 | $347.3M | $63.0M | ||
| Q1 25 | $287.9M | $137.0M | ||
| Q4 24 | $311.4M | $-201.0M | ||
| Q3 24 | $565.0M | $30.0M | ||
| Q2 24 | $340.6M | $-87.0M |
自由现金流率ITR
| Q1 26 | — | 8.7% | ||
| Q4 25 | 15.4% | 10.8% | ||
| Q3 25 | 17.7% | -2.7% | ||
| Q2 25 | 20.6% | 2.0% | ||
| Q1 25 | 18.8% | 4.4% | ||
| Q4 24 | 18.2% | -6.3% | ||
| Q3 24 | 38.1% | 0.9% | ||
| Q2 24 | 21.4% | -2.7% |
资本支出强度ITR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 1.4% | 12.8% | ||
| Q3 25 | 1.9% | 16.6% | ||
| Q2 25 | 2.1% | 21.6% | ||
| Q1 25 | 1.7% | 16.4% | ||
| Q4 24 | 1.4% | 23.8% | ||
| Q3 24 | 1.7% | 18.9% | ||
| Q2 24 | 1.8% | 20.1% |
现金转化率ITR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.22× | 5.67× | ||
| Q3 25 | 8.45× | 3.20× | ||
| Q2 25 | 1.59× | 5.74× | ||
| Q1 25 | 1.49× | 6.64× | ||
| Q4 24 | 0.84× | 4.13× | ||
| Q3 24 | 1.42× | 4.43× | ||
| Q2 24 | 1.61× | 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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
