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J.B. Hunt（JBHT）与Constellation Brands（STZ）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Constellation Brands的1.4倍（$3.1B vs $2.2B），Constellation Brands净利率更高（22.6% vs 5.8%，领先16.8%），J.B. Hunt同比增速更快（-1.6% vs -9.8%），Constellation Brands自由现金流更多（$370.9M vs $251.3M），过去两年J.B. Hunt的营收复合增速更高（2.6% vs 1.9%）
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。
Constellation Brands, Inc.是总部位于美国纽约州罗切斯特的《财富》500强企业，主营啤酒、葡萄酒及烈酒的生产与营销，按销售额计算是美国最大的啤酒进口商，在全美主要啤酒供应商中市场份额位列第三。公司还通过与Canopy Growth合作在医用及娱乐大麻领域有大额投资，现有约40处设施、近9000名员工。
JBHT vs STZ — 直观对比
营收规模更大
JBHT
是对方的1.4倍
$2.2B
营收增速更快
JBHT
高出8.2%
-9.8%
净利率更高
STZ
高出16.8%
5.8%
自由现金流更多
STZ
多$119.6M
$251.3M
两年增速更快
JBHT
近两年复合增速
1.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.2B |
| 净利润 | $181.1M | $502.8M |
| 毛利率 | — | 53.2% |
| 营业利润率 | 8.0% | 31.1% |
| 净利率 | 5.8% | 22.6% |
| 营收同比 | -1.6% | -9.8% |
| 净利润同比 | 16.5% | -18.4% |
| 每股收益（稀释后） | $1.88 | — |
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JBHTSTZ
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.1B | $2.5B | ||
| Q2 25 | $2.9B | $2.5B | ||
| Q1 25 | $2.9B | $2.2B | ||
| Q4 24 | $3.1B | $2.5B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $2.9B | $2.7B | ||
| Q1 24 | $2.9B | $2.1B |
净利润JBHTSTZ
| Q4 25 | $181.1M | $502.8M | ||
| Q3 25 | $170.8M | $466.0M | ||
| Q2 25 | $128.6M | $516.1M | ||
| Q1 25 | $117.7M | $-375.3M | ||
| Q4 24 | $155.5M | $615.9M | ||
| Q3 24 | $152.1M | $-1.2B | ||
| Q2 24 | $135.9M | $877.0M | ||
| Q1 24 | $127.5M | $392.4M |
毛利率JBHTSTZ
| Q4 25 | — | 53.2% | ||
| Q3 25 | — | 52.8% | ||
| Q2 25 | — | 50.4% | ||
| Q1 25 | — | 51.5% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | 51.8% | ||
| Q2 24 | — | 52.7% | ||
| Q1 24 | — | 48.6% |
营业利润率JBHTSTZ
| Q4 25 | 8.0% | 31.1% | ||
| Q3 25 | 7.9% | 35.2% | ||
| Q2 25 | 6.7% | 28.4% | ||
| Q1 25 | 6.1% | -6.9% | ||
| Q4 24 | 6.6% | 32.2% | ||
| Q3 24 | 7.3% | -42.1% | ||
| Q2 24 | 7.0% | 35.4% | ||
| Q1 24 | 6.6% | 29.4% |
净利率JBHTSTZ
| Q4 25 | 5.8% | 22.6% | ||
| Q3 25 | 5.6% | 18.8% | ||
| Q2 25 | 4.4% | 20.5% | ||
| Q1 25 | 4.0% | -17.3% | ||
| Q4 24 | 4.9% | 25.0% | ||
| Q3 24 | 5.0% | -41.1% | ||
| Q2 24 | 4.6% | 32.9% | ||
| Q1 24 | 4.3% | 18.3% |
每股收益（稀释后）JBHTSTZ
| Q4 25 | $1.88 | — | ||
| Q3 25 | $1.76 | — | ||
| Q2 25 | $1.31 | — | ||
| Q1 25 | $1.17 | — | ||
| Q4 24 | $1.53 | — | ||
| Q3 24 | $1.49 | — | ||
| Q2 24 | $1.32 | — | ||
| 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 | $152.4M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | $3.6B | $7.7B |
| 总资产 | $7.9B | $21.7B |
| 负债/权益比越低杠杆越低 | — | 1.33× |
8季度趋势，按日历期对齐
现金及短期投资JBHTSTZ
| Q4 25 | $17.3M | $152.4M | ||
| Q3 25 | $52.3M | $72.0M | ||
| Q2 25 | $50.9M | $73.9M | ||
| Q1 25 | $43.4M | $68.1M | ||
| Q4 24 | $47.0M | $73.7M | ||
| Q3 24 | $120.0M | $64.6M | ||
| Q2 24 | $53.5M | $73.8M | ||
| Q1 24 | $64.2M | $152.4M |
总债务JBHTSTZ
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $11.2B | ||
| Q1 25 | — | $10.7B | ||
| Q4 24 | $977.7M | $10.7B | ||
| Q3 24 | $1.0B | $11.1B | ||
| Q2 24 | $1.5B | $11.1B | ||
| Q1 24 | $1.4B | $11.6B |
股东权益JBHTSTZ
| Q4 25 | $3.6B | $7.7B | ||
| Q3 25 | $3.6B | $7.5B | ||
| Q2 25 | $3.7B | $7.3B | ||
| Q1 25 | $3.9B | $6.9B | ||
| Q4 24 | $4.0B | $7.8B | ||
| Q3 24 | $4.0B | $7.9B | ||
| Q2 24 | $4.1B | $10.3B | ||
| Q1 24 | $4.2B | $9.7B |
总资产JBHTSTZ
| Q4 25 | $7.9B | $21.7B | ||
| Q3 25 | $8.1B | $21.4B | ||
| Q2 25 | $8.2B | $22.3B | ||
| Q1 25 | $8.3B | $21.7B | ||
| Q4 24 | $8.3B | $22.8B | ||
| Q3 24 | $8.3B | $23.1B | ||
| Q2 24 | $8.4B | $26.1B | ||
| Q1 24 | $8.4B | $25.7B |
负债/权益比JBHTSTZ
| Q4 25 | — | 1.33× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | 0.24× | 1.37× | ||
| Q3 24 | 0.26× | 1.41× | ||
| Q2 24 | 0.36× | 1.08× | ||
| Q1 24 | 0.33× | 1.19× |
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 | $616.9M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $370.9M |
| 自由现金流率自由现金流/营收 | 8.1% | 16.7% |
| 资本支出强度资本支出/营收 | 4.3% | 11.1% |
| 现金转化率经营现金流/净利润 | 2.13× | 1.23× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $1.8B |
8季度趋势，按日历期对齐
经营现金流JBHTSTZ
| Q4 25 | $385.6M | $616.9M | ||
| Q3 25 | $486.4M | $852.1M | ||
| Q2 25 | $402.1M | $637.2M | ||
| Q1 25 | $404.2M | $594.7M | ||
| Q4 24 | $317.6M | $685.2M | ||
| Q3 24 | $338.5M | $1.2B | ||
| Q2 24 | $360.6M | $690.5M | ||
| Q1 24 | $466.5M | $433.2M |
自由现金流JBHTSTZ
| Q4 25 | $251.3M | $370.9M | ||
| Q3 25 | $352.4M | $634.8M | ||
| Q2 25 | $185.6M | $444.4M | ||
| Q1 25 | $158.4M | $312.1M | ||
| Q4 24 | $93.3M | $456.8M | ||
| Q3 24 | $163.1M | $854.0M | ||
| Q2 24 | $98.2M | $315.2M | ||
| Q1 24 | $263.1M | $76.0M |
自由现金流率JBHTSTZ
| Q4 25 | 8.1% | 16.7% | ||
| Q3 25 | 11.5% | 25.6% | ||
| Q2 25 | 6.3% | 17.7% | ||
| Q1 25 | 5.4% | 14.4% | ||
| Q4 24 | 3.0% | 18.5% | ||
| Q3 24 | 5.3% | 29.3% | ||
| Q2 24 | 3.4% | 11.8% | ||
| Q1 24 | 8.9% | 3.6% |
资本支出强度JBHTSTZ
| Q4 25 | 4.3% | 11.1% | ||
| Q3 25 | 4.4% | 8.8% | ||
| Q2 25 | 7.4% | 7.7% | ||
| Q1 25 | 8.4% | 13.1% | ||
| Q4 24 | 7.1% | 9.3% | ||
| Q3 24 | 5.7% | 11.2% | ||
| Q2 24 | 9.0% | 14.1% | ||
| Q1 24 | 6.9% | 16.7% |
现金转化率JBHTSTZ
| Q4 25 | 2.13× | 1.23× | ||
| Q3 25 | 2.85× | 1.83× | ||
| Q2 25 | 3.13× | 1.23× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | 2.04× | 1.11× | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 2.65× | 0.79× | ||
| Q1 24 | 3.66× | 1.10× |
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% |
STZ
| Beer | $2.0B | 90% |
| Constellation Wines And Spirits | $213.1M | 10% |
