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J.B. Hunt（JBHT）与Restaurant Brands International Inc.（QSR）财务数据对比。点击上方公司名可切换其他公司
J.B. Hunt的季度营收约是Restaurant Brands International Inc.的1.3倍（$3.1B vs $2.5B），Restaurant Brands International Inc.净利率更高（6.3% vs 5.8%，领先0.4%），Restaurant Brands International Inc.同比增速更快（7.4% vs -1.6%），Restaurant Brands International Inc.自由现金流更多（$453.0M vs $251.3M），过去两年Restaurant Brands International Inc.的营收复合增速更高（19.1% vs 2.6%）
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。
Restaurant Brands International（简称RBI）是美加合资的跨国快餐控股企业，2014年由汉堡王与加拿大咖啡连锁品牌蒂姆·霍顿斯以125亿美元合并成立，后续先后收购Popeyes、Firehouse Subs两大品牌，现为全球第五大快餐运营商，规模仅次于赛百味、麦当劳、星巴克和百胜餐饮。
JBHT vs QSR — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.5B |
| 净利润 | $181.1M | $155.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | 25.2% |
| 净利率 | 5.8% | 6.3% |
| 营收同比 | -1.6% | 7.4% |
| 净利润同比 | 16.5% | -57.1% |
| 每股收益（稀释后） | $1.88 | $0.33 |
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
| Q4 25 | $3.1B | $2.5B | ||
| Q3 25 | $3.1B | $2.4B | ||
| Q2 25 | $2.9B | $2.4B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.9B | $2.1B | ||
| Q1 24 | $2.9B | $1.7B |
| Q4 25 | $181.1M | $155.0M | ||
| Q3 25 | $170.8M | $436.0M | ||
| Q2 25 | $128.6M | $263.0M | ||
| Q1 25 | $117.7M | $221.0M | ||
| Q4 24 | $155.5M | $361.0M | ||
| Q3 24 | $152.1M | $357.0M | ||
| Q2 24 | $135.9M | $399.0M | ||
| Q1 24 | $127.5M | $328.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 65.2% |
| Q4 25 | 8.0% | 25.2% | ||
| Q3 25 | 7.9% | 27.1% | ||
| Q2 25 | 6.7% | 20.0% | ||
| Q1 25 | 6.1% | 20.6% | ||
| Q4 24 | 6.6% | 27.7% | ||
| Q3 24 | 7.3% | 25.2% | ||
| Q2 24 | 7.0% | 31.9% | ||
| Q1 24 | 6.6% | 31.3% |
| Q4 25 | 5.8% | 6.3% | ||
| Q3 25 | 5.6% | 17.8% | ||
| Q2 25 | 4.4% | 10.9% | ||
| Q1 25 | 4.0% | 10.5% | ||
| Q4 24 | 4.9% | 15.7% | ||
| Q3 24 | 5.0% | 15.6% | ||
| Q2 24 | 4.6% | 19.2% | ||
| Q1 24 | 4.3% | 18.9% |
| Q4 25 | $1.88 | $0.33 | ||
| Q3 25 | $1.76 | $0.96 | ||
| Q2 25 | $1.31 | $0.57 | ||
| Q1 25 | $1.17 | $0.49 | ||
| Q4 24 | $1.53 | $0.79 | ||
| Q3 24 | $1.49 | $0.79 | ||
| Q2 24 | $1.32 | $0.88 | ||
| Q1 24 | $1.22 | $0.72 |
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 | — |
| 总债务越低越好 | — | $13.3B |
| 股东权益账面价值 | $3.6B | $3.6B |
| 总资产 | $7.9B | $25.6B |
| 负债/权益比越低杠杆越低 | — | 3.65× |
8季度趋势，按日历期对齐
| Q4 25 | $17.3M | — | ||
| Q3 25 | $52.3M | — | ||
| Q2 25 | $50.9M | — | ||
| Q1 25 | $43.4M | — | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $120.0M | — | ||
| Q2 24 | $53.5M | — | ||
| Q1 24 | $64.2M | — |
| Q4 25 | — | $13.3B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | — | $13.6B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | $977.7M | $13.6B | ||
| Q3 24 | $1.0B | $13.7B | ||
| Q2 24 | $1.5B | $13.7B | ||
| Q1 24 | $1.4B | $12.9B |
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.6B | $3.4B | ||
| Q2 25 | $3.7B | $3.3B | ||
| Q1 25 | $3.9B | $3.1B | ||
| Q4 24 | $4.0B | $3.1B | ||
| Q3 24 | $4.0B | $3.2B | ||
| Q2 24 | $4.1B | $3.1B | ||
| Q1 24 | $4.2B | $3.0B |
| Q4 25 | $7.9B | $25.6B | ||
| Q3 25 | $8.1B | $25.7B | ||
| Q2 25 | $8.2B | $25.7B | ||
| Q1 25 | $8.3B | $24.9B | ||
| Q4 24 | $8.3B | $24.6B | ||
| Q3 24 | $8.3B | $25.1B | ||
| Q2 24 | $8.4B | $24.8B | ||
| Q1 24 | $8.4B | $23.1B |
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 3.99× | ||
| Q2 25 | — | 4.10× | ||
| Q1 25 | — | 4.37× | ||
| Q4 24 | 0.24× | 4.39× | ||
| Q3 24 | 0.26× | 4.22× | ||
| Q2 24 | 0.36× | 4.46× | ||
| Q1 24 | 0.33× | 4.35× |
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 | $555.0M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $453.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 18.4% |
| 资本支出强度资本支出/营收 | 4.3% | 4.1% |
| 现金转化率经营现金流/净利润 | 2.13× | 3.58× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $385.6M | $555.0M | ||
| Q3 25 | $486.4M | $592.0M | ||
| Q2 25 | $402.1M | $449.0M | ||
| Q1 25 | $404.2M | $118.0M | ||
| Q4 24 | $317.6M | $481.0M | ||
| Q3 24 | $338.5M | $540.0M | ||
| Q2 24 | $360.6M | $334.0M | ||
| Q1 24 | $466.5M | $148.0M |
| Q4 25 | $251.3M | $453.0M | ||
| Q3 25 | $352.4M | $531.0M | ||
| Q2 25 | $185.6M | $411.0M | ||
| Q1 25 | $158.4M | $54.0M | ||
| Q4 24 | $93.3M | $404.0M | ||
| Q3 24 | $163.1M | $485.0M | ||
| Q2 24 | $98.2M | $291.0M | ||
| Q1 24 | $263.1M | $122.0M |
| Q4 25 | 8.1% | 18.4% | ||
| Q3 25 | 11.5% | 21.7% | ||
| Q2 25 | 6.3% | 17.1% | ||
| Q1 25 | 5.4% | 2.6% | ||
| Q4 24 | 3.0% | 17.6% | ||
| Q3 24 | 5.3% | 21.2% | ||
| Q2 24 | 3.4% | 14.0% | ||
| Q1 24 | 8.9% | 7.0% |
| Q4 25 | 4.3% | 4.1% | ||
| Q3 25 | 4.4% | 2.5% | ||
| Q2 25 | 7.4% | 1.6% | ||
| Q1 25 | 8.4% | 3.0% | ||
| Q4 24 | 7.1% | 3.4% | ||
| Q3 24 | 5.7% | 2.4% | ||
| Q2 24 | 9.0% | 2.1% | ||
| Q1 24 | 6.9% | 1.5% |
| Q4 25 | 2.13× | 3.58× | ||
| Q3 25 | 2.85× | 1.36× | ||
| Q2 25 | 3.13× | 1.71× | ||
| Q1 25 | 3.43× | 0.53× | ||
| Q4 24 | 2.04× | 1.33× | ||
| Q3 24 | 2.23× | 1.51× | ||
| Q2 24 | 2.65× | 0.84× | ||
| Q1 24 | 3.66× | 0.45× |
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% |
QSR
| CA | $1.0B | 41% |
| Other | $330.0M | 13% |
| Advertising | $308.0M | 12% |
| Others | $284.0M | 12% |
| Popeyes Louisiana Kitchen | $195.0M | 8% |
| Burger King | $185.0M | 8% |
| Royalty | $87.0M | 4% |
| Firehouse Subs | $59.0M | 2% |
| Franchisor | $7.0M | 0% |
