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J.B. Hunt（JBHT）与QVC Group, Inc.（QVCGA）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QVC Group, Inc.的1.2倍（$3.1B vs $2.7B），J.B. Hunt净利率更高（5.8% vs -1.4%，领先7.2%），J.B. Hunt同比增速更快（-1.6% vs -9.1%），J.B. Hunt自由现金流更多（$251.3M vs $191.0M），过去两年QVC Group, Inc.的营收复合增速更高（6.9% 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。
QVC集团是一家美国媒体 conglomerate 企业，由董事长约翰·C·马龙控制，马龙持有该公司多数具有投票权的股份，主营媒体相关业务，是美国本土颇具影响力的传媒集团。
JBHT vs QVCGA — 直观对比
营收规模更大
JBHT
是对方的1.2倍
$2.7B
营收增速更快
JBHT
高出7.5%
-9.1%
净利率更高
JBHT
高出7.2%
-1.4%
自由现金流更多
JBHT
多$60.3M
$191.0M
两年增速更快
QVCGA
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.7B |
| 净利润 | $181.1M | $-37.0M |
| 毛利率 | — | 32.9% |
| 营业利润率 | 8.0% | 3.7% |
| 净利率 | 5.8% | -1.4% |
| 营收同比 | -1.6% | -9.1% |
| 净利润同比 | 16.5% | 97.1% |
| 每股收益（稀释后） | $1.88 | $-17.37 |
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JBHTQVCGA
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $3.1B | $2.2B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.9B | $2.1B | ||
| Q4 24 | $3.1B | $2.9B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.9B | $2.4B | ||
| Q1 24 | $2.9B | $2.3B |
净利润JBHTQVCGA
| Q4 25 | $181.1M | $-37.0M | ||
| Q3 25 | $170.8M | $-80.0M | ||
| Q2 25 | $128.6M | $-2.2B | ||
| Q1 25 | $117.7M | $-100.0M | ||
| Q4 24 | $155.5M | $-1.3B | ||
| Q3 24 | $152.1M | $-23.0M | ||
| Q2 24 | $135.9M | $20.0M | ||
| Q1 24 | $127.5M | $-1.0M |
毛利率JBHTQVCGA
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 35.5% |
营业利润率JBHTQVCGA
| Q4 25 | 8.0% | 3.7% | ||
| Q3 25 | 7.9% | 2.7% | ||
| Q2 25 | 6.7% | -101.6% | ||
| Q1 25 | 6.1% | 0.7% | ||
| Q4 24 | 6.6% | -43.2% | ||
| Q3 24 | 7.3% | 6.5% | ||
| Q2 24 | 7.0% | 6.9% | ||
| Q1 24 | 6.6% | 6.2% |
净利率JBHTQVCGA
| Q4 25 | 5.8% | -1.4% | ||
| Q3 25 | 5.6% | -3.6% | ||
| Q2 25 | 4.4% | -99.4% | ||
| Q1 25 | 4.0% | -4.8% | ||
| Q4 24 | 4.9% | -43.7% | ||
| Q3 24 | 5.0% | -1.0% | ||
| Q2 24 | 4.6% | 0.8% | ||
| Q1 24 | 4.3% | -0.0% |
每股收益（稀释后）JBHTQVCGA
| Q4 25 | $1.88 | $-17.37 | ||
| Q3 25 | $1.76 | $-9.89 | ||
| Q2 25 | $1.31 | $-275.46 | ||
| Q1 25 | $1.17 | $-0.25 | ||
| Q4 24 | $1.53 | — | ||
| Q3 24 | $1.49 | $-0.06 | ||
| Q2 24 | $1.32 | $2.57 | ||
| Q1 24 | $1.22 | — |
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 | $2.0B |
| 总债务越低越好 | — | $790.0M |
| 股东权益账面价值 | $3.6B | $-3.1B |
| 总资产 | $7.9B | $7.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资JBHTQVCGA
| Q4 25 | $17.3M | $2.0B | ||
| Q3 25 | $52.3M | $1.8B | ||
| Q2 25 | $50.9M | $897.0M | ||
| Q1 25 | $43.4M | $833.0M | ||
| Q4 24 | $47.0M | $905.0M | ||
| Q3 24 | $120.0M | $873.0M | ||
| Q2 24 | $53.5M | $1.2B | ||
| Q1 24 | $64.2M | $1.1B |
总债务JBHTQVCGA
| Q4 25 | — | $790.0M | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $977.7M | $4.1B | ||
| Q3 24 | $1.0B | $5.1B | ||
| Q2 24 | $1.5B | $5.3B | ||
| Q1 24 | $1.4B | $5.5B |
股东权益JBHTQVCGA
| Q4 25 | $3.6B | $-3.1B | ||
| Q3 25 | $3.6B | $-3.1B | ||
| Q2 25 | $3.7B | $-3.0B | ||
| Q1 25 | $3.9B | $-981.0M | ||
| Q4 24 | $4.0B | $-971.0M | ||
| Q3 24 | $4.0B | $397.0M | ||
| Q2 24 | $4.1B | $328.0M | ||
| Q1 24 | $4.2B | $255.0M |
总资产JBHTQVCGA
| Q4 25 | $7.9B | $7.6B | ||
| Q3 25 | $8.1B | $7.6B | ||
| Q2 25 | $8.2B | $6.7B | ||
| Q1 25 | $8.3B | $9.0B | ||
| Q4 24 | $8.3B | $9.2B | ||
| Q3 24 | $8.3B | $10.8B | ||
| Q2 24 | $8.4B | $10.9B | ||
| Q1 24 | $8.4B | $11.0B |
负债/权益比JBHTQVCGA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.24× | — | ||
| Q3 24 | 0.26× | 12.74× | ||
| Q2 24 | 0.36× | 16.28× | ||
| Q1 24 | 0.33× | 21.53× |
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 | $244.0M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $191.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 7.1% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $947.6M | $118.0M |
8季度趋势，按日历期对齐
经营现金流JBHTQVCGA
| Q4 25 | $385.6M | $244.0M | ||
| Q3 25 | $486.4M | $4.0M | ||
| Q2 25 | $402.1M | $86.0M | ||
| Q1 25 | $404.2M | $-60.0M | ||
| Q4 24 | $317.6M | $212.0M | ||
| Q3 24 | $338.5M | $20.0M | ||
| Q2 24 | $360.6M | $267.0M | ||
| Q1 24 | $466.5M | $26.0M |
自由现金流JBHTQVCGA
| Q4 25 | $251.3M | $191.0M | ||
| Q3 25 | $352.4M | $-27.0M | ||
| Q2 25 | $185.6M | $48.0M | ||
| Q1 25 | $158.4M | $-94.0M | ||
| Q4 24 | $93.3M | $150.0M | ||
| Q3 24 | $163.1M | $-23.0M | ||
| Q2 24 | $98.2M | $213.0M | ||
| Q1 24 | $263.1M | $-14.0M |
自由现金流率JBHTQVCGA
| Q4 25 | 8.1% | 7.1% | ||
| Q3 25 | 11.5% | -1.2% | ||
| Q2 25 | 6.3% | 2.1% | ||
| Q1 25 | 5.4% | -4.5% | ||
| Q4 24 | 3.0% | 5.1% | ||
| Q3 24 | 5.3% | -1.0% | ||
| Q2 24 | 3.4% | 8.8% | ||
| Q1 24 | 8.9% | -0.6% |
资本支出强度JBHTQVCGA
| Q4 25 | 4.3% | 2.0% | ||
| Q3 25 | 4.4% | 1.4% | ||
| Q2 25 | 7.4% | 1.7% | ||
| Q1 25 | 8.4% | 1.6% | ||
| Q4 24 | 7.1% | 2.1% | ||
| Q3 24 | 5.7% | 1.8% | ||
| Q2 24 | 9.0% | 2.2% | ||
| Q1 24 | 6.9% | 1.7% |
现金转化率JBHTQVCGA
| Q4 25 | 2.13× | — | ||
| Q3 25 | 2.85× | — | ||
| Q2 25 | 3.13× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | 2.04× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 2.65× | 13.35× | ||
| 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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
