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J.B. Hunt（JBHT）与Kellanova（K）财务数据对比。点击上方公司名可切换其他公司
Kellanova的季度营收约是J.B. Hunt的1.1倍（$3.3B vs $3.1B），Kellanova净利率更高（9.5% vs 4.6%，领先4.8%），J.B. Hunt同比增速更快（4.6% vs 0.8%），过去两年J.B. Hunt的营收复合增速更高（2.2% vs -9.0%）
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
Kellanova前身为知名食品企业家乐氏，是玛氏集团旗下的美国跨国食品制造公司，总部位于美国伊利诺伊州芝加哥。2023年10月2日公司正式启用现名，同步拆分北美谷物业务，独立成立WK Kellogg Co。
JBHT vs K — 直观对比
营收规模更大
K
是对方的1.1倍
$3.1B
营收增速更快
JBHT
高出3.8%
0.8%
净利率更高
K
高出4.8%
4.6%
两年增速更快
JBHT
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.3B |
| 净利润 | $141.6M | $309.0M |
| 毛利率 | — | 33.3% |
| 营业利润率 | 6.8% | 13.9% |
| 净利率 | 4.6% | 9.5% |
| 营收同比 | 4.6% | 0.8% |
| 净利润同比 | 20.2% | -15.8% |
| 每股收益（稀释后） | $1.49 | $0.88 |
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JBHTK
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.1B | $3.3B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $2.9B | $3.1B | ||
| Q4 24 | $3.1B | $3.1B | ||
| Q3 24 | $3.1B | $3.2B | ||
| Q2 24 | $2.9B | $3.2B |
净利润JBHTK
| Q1 26 | $141.6M | — | ||
| Q4 25 | $181.1M | — | ||
| Q3 25 | $170.8M | $309.0M | ||
| Q2 25 | $128.6M | $299.0M | ||
| Q1 25 | $117.7M | $304.0M | ||
| Q4 24 | $155.5M | $365.0M | ||
| Q3 24 | $152.1M | $367.0M | ||
| Q2 24 | $135.9M | $344.0M |
毛利率JBHTK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 37.7% | ||
| Q3 24 | — | 36.4% | ||
| Q2 24 | — | 36.4% |
营业利润率JBHTK
| Q1 26 | 6.8% | — | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 7.9% | 13.9% | ||
| Q2 25 | 6.7% | 13.7% | ||
| Q1 25 | 6.1% | 13.9% | ||
| Q4 24 | 6.6% | 17.0% | ||
| Q3 24 | 7.3% | 14.1% | ||
| Q2 24 | 7.0% | 15.4% |
净利率JBHTK
| Q1 26 | 4.6% | — | ||
| Q4 25 | 5.8% | — | ||
| Q3 25 | 5.6% | 9.5% | ||
| Q2 25 | 4.4% | 9.3% | ||
| Q1 25 | 4.0% | 9.9% | ||
| Q4 24 | 4.9% | 11.7% | ||
| Q3 24 | 5.0% | 11.4% | ||
| Q2 24 | 4.6% | 10.8% |
每股收益（稀释后）JBHTK
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.88 | — | ||
| Q3 25 | $1.76 | $0.88 | ||
| Q2 25 | $1.31 | $0.85 | ||
| Q1 25 | $1.17 | $0.87 | ||
| Q4 24 | $1.53 | $1.05 | ||
| Q3 24 | $1.49 | $1.05 | ||
| Q2 24 | $1.32 | $1.00 |
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 | $4.6M | $240.0M |
| 总债务越低越好 | $1.3B | $4.3B |
| 股东权益账面价值 | $3.6B | $4.2B |
| 总资产 | — | $15.6B |
| 负债/权益比越低杠杆越低 | 0.36× | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资JBHTK
| Q1 26 | $4.6M | — | ||
| Q4 25 | $17.3M | — | ||
| Q3 25 | $52.3M | $240.0M | ||
| Q2 25 | $50.9M | $354.0M | ||
| Q1 25 | $43.4M | $330.0M | ||
| Q4 24 | $47.0M | $694.0M | ||
| Q3 24 | $120.0M | $569.0M | ||
| Q2 24 | $53.5M | $272.0M |
总债务JBHTK
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $977.7M | $5.0B | ||
| Q3 24 | $1.0B | $5.1B | ||
| Q2 24 | $1.5B | $5.0B |
股东权益JBHTK
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.6B | $4.2B | ||
| Q2 25 | $3.7B | $4.1B | ||
| Q1 25 | $3.9B | $3.9B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $4.0B | $3.6B | ||
| Q2 24 | $4.1B | $3.3B |
总资产JBHTK
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | — | ||
| Q3 25 | $8.1B | $15.6B | ||
| Q2 25 | $8.2B | $15.9B | ||
| Q1 25 | $8.3B | $15.5B | ||
| Q4 24 | $8.3B | $15.6B | ||
| Q3 24 | $8.3B | $15.8B | ||
| Q2 24 | $8.4B | $15.3B |
负债/权益比JBHTK
| Q1 26 | 0.36× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | 0.24× | 1.32× | ||
| Q3 24 | 0.26× | 1.40× | ||
| Q2 24 | 0.36× | 1.51× |
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 | $353.0M | $503.0M |
| 自由现金流经营现金流 - 资本支出 | — | $359.0M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | 2.3% | 4.4% |
| 现金转化率经营现金流/净利润 | 2.49× | 1.63× |
| 过去12个月自由现金流最近4个季度 | — | $599.0M |
8季度趋势，按日历期对齐
经营现金流JBHTK
| Q1 26 | $353.0M | — | ||
| Q4 25 | $385.6M | — | ||
| Q3 25 | $486.4M | $503.0M | ||
| Q2 25 | $402.1M | $169.0M | ||
| Q1 25 | $404.2M | $116.0M | ||
| Q4 24 | $317.6M | $467.0M | ||
| Q3 24 | $338.5M | $553.0M | ||
| Q2 24 | $360.6M | $376.0M |
自由现金流JBHTK
| Q1 26 | — | — | ||
| Q4 25 | $251.3M | — | ||
| Q3 25 | $352.4M | $359.0M | ||
| Q2 25 | $185.6M | $21.0M | ||
| Q1 25 | $158.4M | $-60.0M | ||
| Q4 24 | $93.3M | $279.0M | ||
| Q3 24 | $163.1M | $410.0M | ||
| Q2 24 | $98.2M | $234.0M |
自由现金流率JBHTK
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 11.5% | 11.0% | ||
| Q2 25 | 6.3% | 0.7% | ||
| Q1 25 | 5.4% | -1.9% | ||
| Q4 24 | 3.0% | 8.9% | ||
| Q3 24 | 5.3% | 12.7% | ||
| Q2 24 | 3.4% | 7.3% |
资本支出强度JBHTK
| Q1 26 | 2.3% | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 4.4% | 4.4% | ||
| Q2 25 | 7.4% | 4.6% | ||
| Q1 25 | 8.4% | 5.7% | ||
| Q4 24 | 7.1% | 6.0% | ||
| Q3 24 | 5.7% | 4.4% | ||
| Q2 24 | 9.0% | 4.4% |
现金转化率JBHTK
| Q1 26 | 2.49× | — | ||
| Q4 25 | 2.13× | — | ||
| Q3 25 | 2.85× | 1.63× | ||
| Q2 25 | 3.13× | 0.57× | ||
| Q1 25 | 3.43× | 0.38× | ||
| Q4 24 | 2.04× | 1.28× | ||
| Q3 24 | 2.23× | 1.51× | ||
| Q2 24 | 2.65× | 1.09× |
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
JBHT
| Intermodal | $1.5B | 49% |
| Dedicated | $840.6M | 28% |
| Integrated Capacity Solutions | $322.7M | 11% |
| Truckload | $205.4M | 7% |
| Final Mile Services | $188.0M | 6% |
K
| Retail Channel Snacks | $2.0B | 62% |
| Retail Channel Cereal | $678.0M | 21% |
| Noodlesand Other | $280.0M | 9% |
| Frozen And Specialty Channels | $275.0M | 8% |
