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J.B. Hunt（JBHT）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是J.B. Hunt的1.2倍（$3.8B vs $3.1B），J.B. Hunt净利率更高（5.8% vs -31.8%，领先37.6%），J.B. Hunt同比增速更快（-1.6% vs -4.3%），J.B. Hunt自由现金流更多（$251.3M vs $-583.4M），过去两年J.B. Hunt的营收复合增速更高（2.6% vs -2.8%）
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。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
JBHT vs SATS — 直观对比
营收规模更大
SATS
是对方的1.2倍
$3.1B
营收增速更快
JBHT
高出2.7%
-4.3%
净利率更高
JBHT
高出37.6%
-31.8%
自由现金流更多
JBHT
多$834.7M
$-583.4M
两年增速更快
JBHT
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $3.8B |
| 净利润 | $181.1M | $-1.2B |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | -20.5% |
| 净利率 | 5.8% | -31.8% |
| 营收同比 | -1.6% | -4.3% |
| 净利润同比 | 16.5% | -460.1% |
| 每股收益（稀释后） | $1.88 | $-4.27 |
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JBHTSATS
| Q4 25 | $3.1B | $3.8B | ||
| Q3 25 | $3.1B | $3.6B | ||
| Q2 25 | $2.9B | $3.7B | ||
| Q1 25 | $2.9B | $3.9B | ||
| Q4 24 | $3.1B | $4.0B | ||
| Q3 24 | $3.1B | $3.9B | ||
| Q2 24 | $2.9B | $4.0B | ||
| Q1 24 | $2.9B | $4.0B |
净利润JBHTSATS
| Q4 25 | $181.1M | $-1.2B | ||
| Q3 25 | $170.8M | $-12.8B | ||
| Q2 25 | $128.6M | $-306.1M | ||
| Q1 25 | $117.7M | $-202.7M | ||
| Q4 24 | $155.5M | $335.2M | ||
| Q3 24 | $152.1M | $-141.8M | ||
| Q2 24 | $135.9M | $-205.6M | ||
| Q1 24 | $127.5M | $-107.4M |
营业利润率JBHTSATS
| Q4 25 | 8.0% | -20.5% | ||
| Q3 25 | 7.9% | -460.5% | ||
| Q2 25 | 6.7% | -5.7% | ||
| Q1 25 | 6.1% | -2.3% | ||
| Q4 24 | 6.6% | -1.6% | ||
| Q3 24 | 7.3% | -4.1% | ||
| Q2 24 | 7.0% | -1.7% | ||
| Q1 24 | 6.6% | -0.4% |
净利率JBHTSATS
| Q4 25 | 5.8% | -31.8% | ||
| Q3 25 | 5.6% | -353.6% | ||
| Q2 25 | 4.4% | -8.2% | ||
| Q1 25 | 4.0% | -5.2% | ||
| Q4 24 | 4.9% | 8.5% | ||
| Q3 24 | 5.0% | -3.6% | ||
| Q2 24 | 4.6% | -5.2% | ||
| Q1 24 | 4.3% | -2.7% |
每股收益（稀释后）JBHTSATS
| Q4 25 | $1.88 | $-4.27 | ||
| Q3 25 | $1.76 | $-44.37 | ||
| Q2 25 | $1.31 | $-1.06 | ||
| Q1 25 | $1.17 | $-0.71 | ||
| Q4 24 | $1.53 | $1.24 | ||
| Q3 24 | $1.49 | $-0.52 | ||
| Q2 24 | $1.32 | $-0.76 | ||
| Q1 24 | $1.22 | $-0.40 |
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 | $3.0B |
| 总债务越低越好 | — | $18.7B |
| 股东权益账面价值 | $3.6B | $5.8B |
| 总资产 | $7.9B | $43.0B |
| 负债/权益比越低杠杆越低 | — | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资JBHTSATS
| Q4 25 | $17.3M | $3.0B | ||
| Q3 25 | $52.3M | $3.9B | ||
| Q2 25 | $50.9M | $4.3B | ||
| Q1 25 | $43.4M | $5.1B | ||
| Q4 24 | $47.0M | $5.5B | ||
| Q3 24 | $120.0M | $674.4M | ||
| Q2 24 | $53.5M | $520.6M | ||
| Q1 24 | $64.2M | $766.4M |
总债务JBHTSATS
| Q4 25 | — | $18.7B | ||
| Q3 25 | — | $21.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | $977.7M | $25.7B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | $951.0M |
股东权益JBHTSATS
| Q4 25 | $3.6B | $5.8B | ||
| Q3 25 | $3.6B | $7.0B | ||
| Q2 25 | $3.7B | $19.7B | ||
| Q1 25 | $3.9B | $20.0B | ||
| Q4 24 | $4.0B | $20.2B | ||
| Q3 24 | $4.0B | $19.4B | ||
| Q2 24 | $4.1B | $19.6B | ||
| Q1 24 | $4.2B | $19.8B |
总资产JBHTSATS
| Q4 25 | $7.9B | $43.0B | ||
| Q3 25 | $8.1B | $45.3B | ||
| Q2 25 | $8.2B | $59.9B | ||
| Q1 25 | $8.3B | $60.6B | ||
| Q4 24 | $8.3B | $60.9B | ||
| Q3 24 | $8.3B | $57.5B | ||
| Q2 24 | $8.4B | $55.3B | ||
| Q1 24 | $8.4B | $55.6B |
负债/权益比JBHTSATS
| Q4 25 | — | 3.24× | ||
| Q3 25 | — | 3.13× | ||
| Q2 25 | — | 1.29× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | 0.24× | 1.27× | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.33× | 0.05× |
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 | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $-583.4M |
| 自由现金流率自由现金流/营收 | 8.1% | -15.4% |
| 资本支出强度资本支出/营收 | 4.3% | 4.2% |
| 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 | $-1.1B |
8季度趋势，按日历期对齐
经营现金流JBHTSATS
| Q4 25 | $385.6M | $-425.3M | ||
| Q3 25 | $486.4M | $111.7M | ||
| Q2 25 | $402.1M | $7.5M | ||
| Q1 25 | $404.2M | $206.8M | ||
| Q4 24 | $317.6M | $45.6M | ||
| Q3 24 | $338.5M | $276.2M | ||
| Q2 24 | $360.6M | $479.7M | ||
| Q1 24 | $466.5M | $451.3M |
自由现金流JBHTSATS
| Q4 25 | $251.3M | $-583.4M | ||
| Q3 25 | $352.4M | $-144.4M | ||
| Q2 25 | $185.6M | $-285.7M | ||
| Q1 25 | $158.4M | $-51.7M | ||
| Q4 24 | $93.3M | $-298.7M | ||
| Q3 24 | $163.1M | $-57.5M | ||
| Q2 24 | $98.2M | $132.4M | ||
| Q1 24 | $263.1M | $-68.4M |
自由现金流率JBHTSATS
| Q4 25 | 8.1% | -15.4% | ||
| Q3 25 | 11.5% | -4.0% | ||
| Q2 25 | 6.3% | -7.7% | ||
| Q1 25 | 5.4% | -1.3% | ||
| Q4 24 | 3.0% | -7.5% | ||
| Q3 24 | 5.3% | -1.5% | ||
| Q2 24 | 3.4% | 3.3% | ||
| Q1 24 | 8.9% | -1.7% |
资本支出强度JBHTSATS
| Q4 25 | 4.3% | 4.2% | ||
| Q3 25 | 4.4% | 7.1% | ||
| Q2 25 | 7.4% | 7.9% | ||
| Q1 25 | 8.4% | 6.7% | ||
| Q4 24 | 7.1% | 8.7% | ||
| Q3 24 | 5.7% | 8.6% | ||
| Q2 24 | 9.0% | 8.8% | ||
| Q1 24 | 6.9% | 12.9% |
现金转化率JBHTSATS
| Q4 25 | 2.13× | — | ||
| Q3 25 | 2.85× | — | ||
| Q2 25 | 3.13× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | 2.04× | 0.14× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 2.65× | — | ||
| 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% |
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
