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J.B. Hunt（JBHT）与梅西百货（M）财务数据对比。点击上方公司名可切换其他公司
梅西百货的季度营收约是J.B. Hunt的1.5倍（$4.7B vs $3.1B），J.B. Hunt净利率更高（5.8% vs 0.2%，领先5.6%），梅西百货同比增速更快（-0.6% vs -1.6%），J.B. Hunt自由现金流更多（$251.3M vs $-101.0M），过去两年J.B. Hunt的营收复合增速更高（2.6% vs -23.8%）
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。
梅西百货是美国知名百货控股集团，1929年成立时名为联合百货，最初持有Abraham & Straus、Lazarus等多个区域连锁百货品牌，次年布鲁明戴尔正式加入。集团早年频繁开展资产并购与剥离，1994年收购1858年创立的老牌百货梅西，随后更名并发展为美国头部百货零售企业。
JBHT vs M — 直观对比
营收规模更大
M
是对方的1.5倍
$3.1B
营收增速更快
M
高出1.0%
-1.6%
净利率更高
JBHT
高出5.6%
0.2%
自由现金流更多
JBHT
多$352.3M
$-101.0M
两年增速更快
JBHT
近两年复合增速
-23.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.7B |
| 净利润 | $181.1M | $11.0M |
| 毛利率 | — | 39.4% |
| 营业利润率 | 8.0% | 0.9% |
| 净利率 | 5.8% | 0.2% |
| 营收同比 | -1.6% | -0.6% |
| 净利润同比 | 16.5% | -60.7% |
| 每股收益（稀释后） | $1.88 | $0.04 |
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JBHTM
| Q4 25 | $3.1B | $4.7B | ||
| Q3 25 | $3.1B | $4.8B | ||
| Q2 25 | $2.9B | $4.6B | ||
| Q1 25 | $2.9B | $7.8B | ||
| Q4 24 | $3.1B | $4.7B | ||
| Q3 24 | $3.1B | $4.9B | ||
| Q2 24 | $2.9B | $4.8B | ||
| Q1 24 | $2.9B | $8.1B |
净利润JBHTM
| Q4 25 | $181.1M | $11.0M | ||
| Q3 25 | $170.8M | $87.0M | ||
| Q2 25 | $128.6M | $38.0M | ||
| Q1 25 | $117.7M | $342.0M | ||
| Q4 24 | $155.5M | $28.0M | ||
| Q3 24 | $152.1M | $150.0M | ||
| Q2 24 | $135.9M | $62.0M | ||
| Q1 24 | $127.5M | $-71.0M |
毛利率JBHTM
| Q4 25 | — | 39.4% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | — | 39.2% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 39.6% | ||
| Q3 24 | — | 40.5% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 37.5% |
营业利润率JBHTM
| Q4 25 | 8.0% | 0.9% | ||
| Q3 25 | 7.9% | 3.1% | ||
| Q2 25 | 6.7% | 2.0% | ||
| Q1 25 | 6.1% | 6.4% | ||
| Q4 24 | 6.6% | 1.3% | ||
| Q3 24 | 7.3% | 4.5% | ||
| Q2 24 | 7.0% | 2.6% | ||
| Q1 24 | 6.6% | -0.9% |
净利率JBHTM
| Q4 25 | 5.8% | 0.2% | ||
| Q3 25 | 5.6% | 1.8% | ||
| Q2 25 | 4.4% | 0.8% | ||
| Q1 25 | 4.0% | 4.4% | ||
| Q4 24 | 4.9% | 0.6% | ||
| Q3 24 | 5.0% | 3.0% | ||
| Q2 24 | 4.6% | 1.3% | ||
| Q1 24 | 4.3% | -0.9% |
每股收益（稀释后）JBHTM
| Q4 25 | $1.88 | $0.04 | ||
| Q3 25 | $1.76 | $0.31 | ||
| Q2 25 | $1.31 | $0.13 | ||
| Q1 25 | $1.17 | $1.22 | ||
| Q4 24 | $1.53 | $0.10 | ||
| Q3 24 | $1.49 | $0.53 | ||
| Q2 24 | $1.32 | $0.22 | ||
| Q1 24 | $1.22 | $-0.25 |
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 | $447.0M |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $3.6B | $4.3B |
| 总资产 | $7.9B | $17.1B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资JBHTM
| Q4 25 | $17.3M | $447.0M | ||
| Q3 25 | $52.3M | $829.0M | ||
| Q2 25 | $50.9M | $932.0M | ||
| Q1 25 | $43.4M | $1.3B | ||
| Q4 24 | $47.0M | $315.0M | ||
| Q3 24 | $120.0M | $646.0M | ||
| Q2 24 | $53.5M | $876.0M | ||
| Q1 24 | $64.2M | $1.0B |
总债务JBHTM
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $977.7M | $2.8B | ||
| Q3 24 | $1.0B | $3.0B | ||
| Q2 24 | $1.5B | $3.0B | ||
| Q1 24 | $1.4B | $3.0B |
股东权益JBHTM
| Q4 25 | $3.6B | $4.3B | ||
| Q3 25 | $3.6B | $4.5B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.9B | $4.6B | ||
| Q4 24 | $4.0B | $4.1B | ||
| Q3 24 | $4.0B | $4.3B | ||
| Q2 24 | $4.1B | $4.2B | ||
| Q1 24 | $4.2B | $4.1B |
总资产JBHTM
| Q4 25 | $7.9B | $17.1B | ||
| Q3 25 | $8.1B | $15.6B | ||
| Q2 25 | $8.2B | $16.1B | ||
| Q1 25 | $8.3B | $16.4B | ||
| Q4 24 | $8.3B | $17.3B | ||
| Q3 24 | $8.3B | $15.8B | ||
| Q2 24 | $8.4B | $16.4B | ||
| Q1 24 | $8.4B | $16.2B |
负债/权益比JBHTM
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | 0.24× | 0.67× | ||
| Q3 24 | 0.26× | 0.70× | ||
| Q2 24 | 0.36× | 0.72× | ||
| Q1 24 | 0.33× | 0.72× |
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 | $-8.0M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $-101.0M |
| 自由现金流率自由现金流/营收 | 8.1% | -2.1% |
| 资本支出强度资本支出/营收 | 4.3% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.13× | -0.73× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $1.2B |
8季度趋势，按日历期对齐
经营现金流JBHTM
| Q4 25 | $385.6M | $-8.0M | ||
| Q3 25 | $486.4M | $319.0M | ||
| Q2 25 | $402.1M | $-64.0M | ||
| Q1 25 | $404.2M | $1.3B | ||
| Q4 24 | $317.6M | $-167.0M | ||
| Q3 24 | $338.5M | $8.0M | ||
| Q2 24 | $360.6M | $129.0M | ||
| Q1 24 | $466.5M | $1.1B |
自由现金流JBHTM
| Q4 25 | $251.3M | $-101.0M | ||
| Q3 25 | $352.4M | $240.0M | ||
| Q2 25 | $185.6M | $-164.0M | ||
| Q1 25 | $158.4M | $1.2B | ||
| Q4 24 | $93.3M | $-295.0M | ||
| Q3 24 | $163.1M | $-109.0M | ||
| Q2 24 | $98.2M | $-25.0M | ||
| Q1 24 | $263.1M | $1.0B |
自由现金流率JBHTM
| Q4 25 | 8.1% | -2.1% | ||
| Q3 25 | 11.5% | 5.0% | ||
| Q2 25 | 6.3% | -3.6% | ||
| Q1 25 | 5.4% | 15.3% | ||
| Q4 24 | 3.0% | -6.2% | ||
| Q3 24 | 5.3% | -2.2% | ||
| Q2 24 | 3.4% | -0.5% | ||
| Q1 24 | 8.9% | 12.3% |
资本支出强度JBHTM
| Q4 25 | 4.3% | 2.0% | ||
| Q3 25 | 4.4% | 1.6% | ||
| Q2 25 | 7.4% | 2.2% | ||
| Q1 25 | 8.4% | 1.5% | ||
| Q4 24 | 7.1% | 2.7% | ||
| Q3 24 | 5.7% | 2.4% | ||
| Q2 24 | 9.0% | 3.2% | ||
| Q1 24 | 6.9% | 1.8% |
现金转化率JBHTM
| Q4 25 | 2.13× | -0.73× | ||
| Q3 25 | 2.85× | 3.67× | ||
| Q2 25 | 3.13× | -1.68× | ||
| Q1 25 | 3.43× | 3.82× | ||
| Q4 24 | 2.04× | -5.96× | ||
| Q3 24 | 2.23× | 0.05× | ||
| Q2 24 | 2.65× | 2.08× | ||
| Q1 24 | 3.66× | — |
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% |
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
