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J.B. Hunt（JBHT）与Snap Inc（SNAP）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Snap Inc的1.8倍（$3.1B vs $1.7B），J.B. Hunt净利率更高（5.8% vs 2.6%，领先3.2%），Snap Inc同比增速更快（10.2% vs -1.6%），J.B. Hunt自由现金流更多（$251.3M vs $205.6M），过去两年Snap Inc的营收复合增速更高（19.9% 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。
Snap Inc.是一家美国科技企业，2011年9月16日由埃文·斯皮格尔、鲍比·墨菲和雷吉·布朗联合创立，总部位于加利福尼亚州圣莫尼卡。公司核心产品包括社交应用Snapchat、智能眼镜Spectacles、虚拟形象工具Bitmoji以及营销推广解决方案SnapBoost，2016年9月24日由原Snapchat Inc.更名为现名，覆盖社交、智能硬件等多元业务领域。
JBHT vs SNAP — 直观对比
营收规模更大
JBHT
是对方的1.8倍
$1.7B
营收增速更快
SNAP
高出11.8%
-1.6%
净利率更高
JBHT
高出3.2%
2.6%
自由现金流更多
JBHT
多$45.7M
$205.6M
两年增速更快
SNAP
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.7B |
| 净利润 | $181.1M | $45.2M |
| 毛利率 | — | 59.1% |
| 营业利润率 | 8.0% | 2.9% |
| 净利率 | 5.8% | 2.6% |
| 营收同比 | -1.6% | 10.2% |
| 净利润同比 | 16.5% | 396.7% |
| 每股收益（稀释后） | $1.88 | $0.03 |
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JBHTSNAP
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $3.1B | $1.5B | ||
| Q2 25 | $2.9B | $1.3B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $2.9B | $1.2B | ||
| Q1 24 | $2.9B | $1.2B |
净利润JBHTSNAP
| Q4 25 | $181.1M | $45.2M | ||
| Q3 25 | $170.8M | $-103.5M | ||
| Q2 25 | $128.6M | $-262.6M | ||
| Q1 25 | $117.7M | $-139.6M | ||
| Q4 24 | $155.5M | $9.1M | ||
| Q3 24 | $152.1M | $-153.2M | ||
| Q2 24 | $135.9M | $-248.6M | ||
| Q1 24 | $127.5M | $-305.1M |
毛利率JBHTSNAP
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 51.4% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 56.9% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 51.9% |
营业利润率JBHTSNAP
| Q4 25 | 8.0% | 2.9% | ||
| Q3 25 | 7.9% | -8.5% | ||
| Q2 25 | 6.7% | -19.3% | ||
| Q1 25 | 6.1% | -14.2% | ||
| Q4 24 | 6.6% | -1.7% | ||
| Q3 24 | 7.3% | -12.6% | ||
| Q2 24 | 7.0% | -20.5% | ||
| Q1 24 | 6.6% | -27.9% |
净利率JBHTSNAP
| Q4 25 | 5.8% | 2.6% | ||
| Q3 25 | 5.6% | -6.9% | ||
| Q2 25 | 4.4% | -19.5% | ||
| Q1 25 | 4.0% | -10.2% | ||
| Q4 24 | 4.9% | 0.6% | ||
| Q3 24 | 5.0% | -11.2% | ||
| Q2 24 | 4.6% | -20.1% | ||
| Q1 24 | 4.3% | -25.5% |
每股收益（稀释后）JBHTSNAP
| Q4 25 | $1.88 | $0.03 | ||
| Q3 25 | $1.76 | $-0.06 | ||
| Q2 25 | $1.31 | $-0.16 | ||
| Q1 25 | $1.17 | $-0.08 | ||
| Q4 24 | $1.53 | $0.01 | ||
| Q3 24 | $1.49 | $-0.09 | ||
| Q2 24 | $1.32 | $-0.15 | ||
| Q1 24 | $1.22 | $-0.19 |
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 | $2.9B |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $3.6B | $2.3B |
| 总资产 | $7.9B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资JBHTSNAP
| Q4 25 | $17.3M | $2.9B | ||
| Q3 25 | $52.3M | $3.0B | ||
| Q2 25 | $50.9M | $2.9B | ||
| Q1 25 | $43.4M | $3.2B | ||
| Q4 24 | $47.0M | $3.4B | ||
| Q3 24 | $120.0M | $3.2B | ||
| Q2 24 | $53.5M | $3.1B | ||
| Q1 24 | $64.2M | $2.9B |
总债务JBHTSNAP
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $977.7M | $3.6B | ||
| Q3 24 | $1.0B | $3.6B | ||
| Q2 24 | $1.5B | $3.6B | ||
| Q1 24 | $1.4B | $3.3B |
股东权益JBHTSNAP
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.6B | $2.2B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.9B | $2.3B | ||
| Q4 24 | $4.0B | $2.5B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $4.1B | $2.1B | ||
| Q1 24 | $4.2B | $2.1B |
总资产JBHTSNAP
| Q4 25 | $7.9B | $7.7B | ||
| Q3 25 | $8.1B | $7.6B | ||
| Q2 25 | $8.2B | $7.4B | ||
| Q1 25 | $8.3B | $7.6B | ||
| Q4 24 | $8.3B | $7.9B | ||
| Q3 24 | $8.3B | $7.6B | ||
| Q2 24 | $8.4B | $7.4B | ||
| Q1 24 | $8.4B | $7.2B |
负债/权益比JBHTSNAP
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 0.24× | 1.49× | ||
| Q3 24 | 0.26× | 1.65× | ||
| Q2 24 | 0.36× | 1.76× | ||
| Q1 24 | 0.33× | 1.55× |
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 | $269.6M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $205.6M |
| 自由现金流率自由现金流/营收 | 8.1% | 12.0% |
| 资本支出强度资本支出/营收 | 4.3% | 3.7% |
| 现金转化率经营现金流/净利润 | 2.13× | 5.96× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $437.2M |
8季度趋势，按日历期对齐
经营现金流JBHTSNAP
| Q4 25 | $385.6M | $269.6M | ||
| Q3 25 | $486.4M | $146.5M | ||
| Q2 25 | $402.1M | $88.5M | ||
| Q1 25 | $404.2M | $151.6M | ||
| Q4 24 | $317.6M | $230.6M | ||
| Q3 24 | $338.5M | $115.9M | ||
| Q2 24 | $360.6M | $-21.4M | ||
| Q1 24 | $466.5M | $88.4M |
自由现金流JBHTSNAP
| Q4 25 | $251.3M | $205.6M | ||
| Q3 25 | $352.4M | $93.4M | ||
| Q2 25 | $185.6M | $23.8M | ||
| Q1 25 | $158.4M | $114.4M | ||
| Q4 24 | $93.3M | $182.4M | ||
| Q3 24 | $163.1M | $71.8M | ||
| Q2 24 | $98.2M | $-73.4M | ||
| Q1 24 | $263.1M | $37.9M |
自由现金流率JBHTSNAP
| Q4 25 | 8.1% | 12.0% | ||
| Q3 25 | 11.5% | 6.2% | ||
| Q2 25 | 6.3% | 1.8% | ||
| Q1 25 | 5.4% | 8.4% | ||
| Q4 24 | 3.0% | 11.7% | ||
| Q3 24 | 5.3% | 5.2% | ||
| Q2 24 | 3.4% | -5.9% | ||
| Q1 24 | 8.9% | 3.2% |
资本支出强度JBHTSNAP
| Q4 25 | 4.3% | 3.7% | ||
| Q3 25 | 4.4% | 3.5% | ||
| Q2 25 | 7.4% | 4.8% | ||
| Q1 25 | 8.4% | 2.7% | ||
| Q4 24 | 7.1% | 3.1% | ||
| Q3 24 | 5.7% | 3.2% | ||
| Q2 24 | 9.0% | 4.2% | ||
| Q1 24 | 6.9% | 4.2% |
现金转化率JBHTSNAP
| Q4 25 | 2.13× | 5.96× | ||
| Q3 25 | 2.85× | — | ||
| Q2 25 | 3.13× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | 2.04× | 25.34× | ||
| 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% |
SNAP
| Advertising Revenue | $1.5B | 86% |
| Other Revenue | $231.9M | 14% |
