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J.B. Hunt（JBHT）与西南航空（LUV）财务数据对比。点击上方公司名可切换其他公司
西南航空的季度营收约是J.B. Hunt的2.3倍（$7.2B vs $3.1B），J.B. Hunt净利率更高（5.8% vs 3.1%，领先2.7%），西南航空同比增速更快（12.8% vs -1.6%），过去两年J.B. Hunt的营收复合增速更高（2.6% vs -0.7%）
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。
西南航空是美国知名低成本航空公司，总部位于得克萨斯州达拉斯市洛夫菲尔德片区。截至2024年，按客运量计算其为北美第四大航空公司，旗下机队全部采用波音737机型，运营航线覆盖美国42个州、华盛顿哥伦比亚特区的100余个目的地。
JBHT vs LUV — 直观对比
营收规模更大
LUV
是对方的2.3倍
$3.1B
营收增速更快
LUV
高出14.4%
-1.6%
净利率更高
JBHT
高出2.7%
3.1%
两年增速更快
JBHT
近两年复合增速
-0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $7.2B |
| 净利润 | $181.1M | $227.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | — |
| 净利率 | 5.8% | 3.1% |
| 营收同比 | -1.6% | 12.8% |
| 净利润同比 | 16.5% | 252.3% |
| 每股收益（稀释后） | $1.88 | $0.45 |
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JBHTLUV
| Q1 26 | — | $7.2B | ||
| Q4 25 | $3.1B | $7.4B | ||
| Q3 25 | $3.1B | $6.9B | ||
| Q2 25 | $2.9B | $7.2B | ||
| Q1 25 | $2.9B | $6.4B | ||
| Q4 24 | $3.1B | $6.9B | ||
| Q3 24 | $3.1B | $6.9B | ||
| Q2 24 | $2.9B | $7.4B |
净利润JBHTLUV
| Q1 26 | — | $227.0M | ||
| Q4 25 | $181.1M | $323.0M | ||
| Q3 25 | $170.8M | $54.0M | ||
| Q2 25 | $128.6M | $213.0M | ||
| Q1 25 | $117.7M | $-149.0M | ||
| Q4 24 | $155.5M | $262.0M | ||
| Q3 24 | $152.1M | $67.0M | ||
| Q2 24 | $135.9M | $367.0M |
营业利润率JBHTLUV
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 5.3% | ||
| Q3 25 | 7.9% | 0.5% | ||
| Q2 25 | 6.7% | 3.1% | ||
| Q1 25 | 6.1% | -3.5% | ||
| Q4 24 | 6.6% | 4.0% | ||
| Q3 24 | 7.3% | 0.6% | ||
| Q2 24 | 7.0% | 5.4% |
净利率JBHTLUV
| Q1 26 | — | 3.1% | ||
| Q4 25 | 5.8% | 4.3% | ||
| Q3 25 | 5.6% | 0.8% | ||
| Q2 25 | 4.4% | 2.9% | ||
| Q1 25 | 4.0% | -2.3% | ||
| Q4 24 | 4.9% | 3.8% | ||
| Q3 24 | 5.0% | 1.0% | ||
| Q2 24 | 4.6% | 5.0% |
每股收益（稀释后）JBHTLUV
| Q1 26 | — | $0.45 | ||
| Q4 25 | $1.88 | $0.56 | ||
| Q3 25 | $1.76 | $0.10 | ||
| Q2 25 | $1.31 | $0.39 | ||
| Q1 25 | $1.17 | $-0.26 | ||
| Q4 24 | $1.53 | $0.46 | ||
| Q3 24 | $1.49 | $0.11 | ||
| Q2 24 | $1.32 | $0.58 |
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 | $17.3M | $3.3B |
| 总债务越低越好 | — | $5.4B |
| 股东权益账面价值 | $3.6B | $6.9B |
| 总资产 | $7.9B | $20.4B |
| 负债/权益比越低杠杆越低 | — | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资JBHTLUV
| Q1 26 | — | $3.3B | ||
| Q4 25 | $17.3M | $3.2B | ||
| Q3 25 | $52.3M | $3.0B | ||
| Q2 25 | $50.9M | $3.8B | ||
| Q1 25 | $43.4M | $8.3B | ||
| Q4 24 | $47.0M | $8.7B | ||
| Q3 24 | $120.0M | $9.4B | ||
| Q2 24 | $53.5M | $10.0B |
总债务JBHTLUV
| Q1 26 | — | $5.4B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $977.7M | $5.1B | ||
| Q3 24 | $1.0B | $5.1B | ||
| Q2 24 | $1.5B | $5.1B |
股东权益JBHTLUV
| Q1 26 | — | $6.9B | ||
| Q4 25 | $3.6B | $8.0B | ||
| Q3 25 | $3.6B | $7.8B | ||
| Q2 25 | $3.7B | $8.0B | ||
| Q1 25 | $3.9B | $9.4B | ||
| Q4 24 | $4.0B | $10.3B | ||
| Q3 24 | $4.0B | $10.4B | ||
| Q2 24 | $4.1B | $10.5B |
总资产JBHTLUV
| Q1 26 | — | $20.4B | ||
| Q4 25 | $7.9B | $29.1B | ||
| Q3 25 | $8.1B | $28.3B | ||
| Q2 25 | $8.2B | $28.7B | ||
| Q1 25 | $8.3B | $33.2B | ||
| Q4 24 | $8.3B | $33.8B | ||
| Q3 24 | $8.3B | $34.8B | ||
| Q2 24 | $8.4B | $35.6B |
负债/权益比JBHTLUV
| Q1 26 | — | 0.78× | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | 0.24× | 0.49× | ||
| Q3 24 | 0.26× | 0.49× | ||
| Q2 24 | 0.36× | 0.48× |
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 | $385.6M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $251.3M | — |
| 自由现金流率自由现金流/营收 | 8.1% | — |
| 资本支出强度资本支出/营收 | 4.3% | 8.7% |
| 现金转化率经营现金流/净利润 | 2.13× | 6.25× |
| 过去12个月自由现金流最近4个季度 | $947.6M | — |
8季度趋势，按日历期对齐
经营现金流JBHTLUV
| Q1 26 | — | $1.4B | ||
| Q4 25 | $385.6M | $294.0M | ||
| Q3 25 | $486.4M | $287.0M | ||
| Q2 25 | $402.1M | $401.0M | ||
| Q1 25 | $404.2M | $860.0M | ||
| Q4 24 | $317.6M | $476.0M | ||
| Q3 24 | $338.5M | $113.0M | ||
| Q2 24 | $360.6M | $-23.0M |
自由现金流JBHTLUV
| Q1 26 | — | — | ||
| Q4 25 | $251.3M | $-565.0M | ||
| Q3 25 | $352.4M | $-391.0M | ||
| Q2 25 | $185.6M | $-234.0M | ||
| Q1 25 | $158.4M | $359.0M | ||
| Q4 24 | $93.3M | $16.0M | ||
| Q3 24 | $163.1M | $-404.0M | ||
| Q2 24 | $98.2M | $-517.0M |
自由现金流率JBHTLUV
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | -7.6% | ||
| Q3 25 | 11.5% | -5.6% | ||
| Q2 25 | 6.3% | -3.2% | ||
| Q1 25 | 5.4% | 5.6% | ||
| Q4 24 | 3.0% | 0.2% | ||
| Q3 24 | 5.3% | -5.9% | ||
| Q2 24 | 3.4% | -7.0% |
资本支出强度JBHTLUV
| Q1 26 | — | 8.7% | ||
| Q4 25 | 4.3% | 11.5% | ||
| Q3 25 | 4.4% | 9.8% | ||
| Q2 25 | 7.4% | 8.8% | ||
| Q1 25 | 8.4% | 7.8% | ||
| Q4 24 | 7.1% | 6.6% | ||
| Q3 24 | 5.7% | 7.5% | ||
| Q2 24 | 9.0% | 6.7% |
现金转化率JBHTLUV
| Q1 26 | — | 6.25× | ||
| Q4 25 | 2.13× | 0.91× | ||
| Q3 25 | 2.85× | 5.31× | ||
| Q2 25 | 3.13× | 1.88× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | 2.04× | 1.82× | ||
| Q3 24 | 2.23× | 1.69× | ||
| Q2 24 | 2.65× | -0.06× |
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
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
LUV
| Passenger | $6.6B | 91% |
| Other | $614.0M | 8% |
| Freight | $44.0M | 1% |
