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J.B. Hunt（JBHT）与Murphy USA Inc.（MUSA）财务数据对比。点击上方公司名可切换其他公司
Murphy USA Inc.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 3.0%，领先2.9%），Murphy USA Inc.同比增速更快（0.7% vs -1.6%），J.B. Hunt自由现金流更多（$251.3M vs $128.8M），过去两年J.B. Hunt的营收复合增速更高（2.6% vs -1.0%）
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。
墨菲美国是总部位于美国阿肯色州埃尔多拉多的企业，2013年由墨菲石油分拆后独立运营，主营连锁零售加油站业务，旗下站点大多毗邻沃尔玛门店开设，为消费者提供燃油及配套零售服务。
JBHT vs MUSA — 直观对比
营收规模更大
MUSA
是对方的1.5倍
$3.1B
营收增速更快
MUSA
高出2.3%
-1.6%
净利率更高
JBHT
高出2.9%
3.0%
自由现金流更多
JBHT
多$122.5M
$128.8M
两年增速更快
JBHT
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.7B |
| 净利润 | $181.1M | $141.9M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | 4.4% |
| 净利率 | 5.8% | 3.0% |
| 营收同比 | -1.6% | 0.7% |
| 净利润同比 | 16.5% | -0.4% |
| 每股收益（稀释后） | $1.88 | $7.35 |
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JBHTMUSA
| Q4 25 | $3.1B | $4.7B | ||
| Q3 25 | $3.1B | $5.1B | ||
| Q2 25 | $2.9B | $5.0B | ||
| Q1 25 | $2.9B | $4.5B | ||
| Q4 24 | $3.1B | $4.7B | ||
| Q3 24 | $3.1B | $5.2B | ||
| Q2 24 | $2.9B | $5.5B | ||
| Q1 24 | $2.9B | $4.8B |
净利润JBHTMUSA
| Q4 25 | $181.1M | $141.9M | ||
| Q3 25 | $170.8M | $129.9M | ||
| Q2 25 | $128.6M | $145.6M | ||
| Q1 25 | $117.7M | $53.2M | ||
| Q4 24 | $155.5M | $142.5M | ||
| Q3 24 | $152.1M | $149.2M | ||
| Q2 24 | $135.9M | $144.8M | ||
| Q1 24 | $127.5M | $66.0M |
营业利润率JBHTMUSA
| Q4 25 | 8.0% | 4.4% | ||
| Q3 25 | 7.9% | 3.9% | ||
| Q2 25 | 6.7% | 4.4% | ||
| Q1 25 | 6.1% | 1.9% | ||
| Q4 24 | 6.6% | 4.2% | ||
| Q3 24 | 7.3% | 4.2% | ||
| Q2 24 | 7.0% | 4.0% | ||
| Q1 24 | 6.6% | 2.2% |
净利率JBHTMUSA
| Q4 25 | 5.8% | 3.0% | ||
| Q3 25 | 5.6% | 2.5% | ||
| Q2 25 | 4.4% | 2.9% | ||
| Q1 25 | 4.0% | 1.2% | ||
| Q4 24 | 4.9% | 3.0% | ||
| Q3 24 | 5.0% | 2.8% | ||
| Q2 24 | 4.6% | 2.7% | ||
| Q1 24 | 4.3% | 1.4% |
每股收益（稀释后）JBHTMUSA
| Q4 25 | $1.88 | $7.35 | ||
| Q3 25 | $1.76 | $6.76 | ||
| Q2 25 | $1.31 | $7.36 | ||
| Q1 25 | $1.17 | $2.63 | ||
| Q4 24 | $1.53 | $6.87 | ||
| Q3 24 | $1.49 | $7.20 | ||
| Q2 24 | $1.32 | $6.92 | ||
| Q1 24 | $1.22 | $3.12 |
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 | $28.9M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $3.6B | $623.5M |
| 总资产 | $7.9B | $4.7B |
| 负债/权益比越低杠杆越低 | — | 3.47× |
8季度趋势，按日历期对齐
现金及短期投资JBHTMUSA
| Q4 25 | $17.3M | $28.9M | ||
| Q3 25 | $52.3M | $42.8M | ||
| Q2 25 | $50.9M | $54.1M | ||
| Q1 25 | $43.4M | $49.4M | ||
| Q4 24 | $47.0M | $47.0M | ||
| Q3 24 | $120.0M | $52.5M | ||
| Q2 24 | $53.5M | $79.8M | ||
| Q1 24 | $64.2M | $56.7M |
总债务JBHTMUSA
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $977.7M | $1.8B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.4B | $1.8B |
股东权益JBHTMUSA
| Q4 25 | $3.6B | $623.5M | ||
| Q3 25 | $3.6B | $546.0M | ||
| Q2 25 | $3.7B | $646.1M | ||
| Q1 25 | $3.9B | $719.6M | ||
| Q4 24 | $4.0B | $840.1M | ||
| Q3 24 | $4.0B | $830.1M | ||
| Q2 24 | $4.1B | $811.3M | ||
| Q1 24 | $4.2B | $781.6M |
总资产JBHTMUSA
| Q4 25 | $7.9B | $4.7B | ||
| Q3 25 | $8.1B | $4.7B | ||
| Q2 25 | $8.2B | $4.6B | ||
| Q1 25 | $8.3B | $4.5B | ||
| Q4 24 | $8.3B | $4.5B | ||
| Q3 24 | $8.3B | $4.4B | ||
| Q2 24 | $8.4B | $4.4B | ||
| Q1 24 | $8.4B | $4.3B |
负债/权益比JBHTMUSA
| Q4 25 | — | 3.47× | ||
| Q3 25 | — | 4.07× | ||
| Q2 25 | — | 3.20× | ||
| Q1 25 | — | 2.74× | ||
| Q4 24 | 0.24× | 2.18× | ||
| Q3 24 | 0.26× | 2.19× | ||
| Q2 24 | 0.36× | 2.20× | ||
| Q1 24 | 0.33× | 2.28× |
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 | $245.5M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $128.8M |
| 自由现金流率自由现金流/营收 | 8.1% | 2.7% |
| 资本支出强度资本支出/营收 | 4.3% | 2.5% |
| 现金转化率经营现金流/净利润 | 2.13× | 1.73× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $374.3M |
8季度趋势，按日历期对齐
经营现金流JBHTMUSA
| Q4 25 | $385.6M | $245.5M | ||
| Q3 25 | $486.4M | $184.8M | ||
| Q2 25 | $402.1M | $255.1M | ||
| Q1 25 | $404.2M | $128.5M | ||
| Q4 24 | $317.6M | $248.7M | ||
| Q3 24 | $338.5M | $202.1M | ||
| Q2 24 | $360.6M | $260.8M | ||
| Q1 24 | $466.5M | $136.0M |
自由现金流JBHTMUSA
| Q4 25 | $251.3M | $128.8M | ||
| Q3 25 | $352.4M | $67.7M | ||
| Q2 25 | $185.6M | $137.1M | ||
| Q1 25 | $158.4M | $40.7M | ||
| Q4 24 | $93.3M | $121.7M | ||
| Q3 24 | $163.1M | $65.2M | ||
| Q2 24 | $98.2M | $142.8M | ||
| Q1 24 | $263.1M | $59.8M |
自由现金流率JBHTMUSA
| Q4 25 | 8.1% | 2.7% | ||
| Q3 25 | 11.5% | 1.3% | ||
| Q2 25 | 6.3% | 2.7% | ||
| Q1 25 | 5.4% | 0.9% | ||
| Q4 24 | 3.0% | 2.6% | ||
| Q3 24 | 5.3% | 1.2% | ||
| Q2 24 | 3.4% | 2.6% | ||
| Q1 24 | 8.9% | 1.2% |
资本支出强度JBHTMUSA
| Q4 25 | 4.3% | 2.5% | ||
| Q3 25 | 4.4% | 2.3% | ||
| Q2 25 | 7.4% | 2.4% | ||
| Q1 25 | 8.4% | 1.9% | ||
| Q4 24 | 7.1% | 2.7% | ||
| Q3 24 | 5.7% | 2.6% | ||
| Q2 24 | 9.0% | 2.2% | ||
| Q1 24 | 6.9% | 1.6% |
现金转化率JBHTMUSA
| Q4 25 | 2.13× | 1.73× | ||
| Q3 25 | 2.85× | 1.42× | ||
| Q2 25 | 3.13× | 1.75× | ||
| Q1 25 | 3.43× | 2.42× | ||
| Q4 24 | 2.04× | 1.75× | ||
| Q3 24 | 2.23× | 1.35× | ||
| Q2 24 | 2.65× | 1.80× | ||
| Q1 24 | 3.66× | 2.06× |
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% |
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
