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J.B. Hunt（JBHT）与HANOVER INSURANCE GROUP, INC.（THG）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HANOVER INSURANCE GROUP, INC.的1.9倍（$3.1B vs $1.7B），HANOVER INSURANCE GROUP, INC.净利率更高（11.9% vs 5.8%，领先6.0%），HANOVER INSURANCE GROUP, INC.同比增速更快（5.5% vs -1.6%），HANOVER INSURANCE GROUP, INC.自由现金流更多（$377.0M vs $251.3M），过去两年HANOVER INSURANCE GROUP, INC.的营收复合增速更高（3.8% 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。
汉诺威保险集团是总部位于美国马萨诸塞州伍斯特市的保险企业，1852年成立时主营财产责任保险，以原名公开上市交易，直至上世纪90年代初更名为Allmerica财产意外伤害保险公司。
JBHT vs THG — 直观对比
营收规模更大
JBHT
是对方的1.9倍
$1.7B
营收增速更快
THG
高出7.1%
-1.6%
净利率更高
THG
高出6.0%
5.8%
自由现金流更多
THG
多$125.7M
$251.3M
两年增速更快
THG
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 | $198.5M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | 17.3% |
| 净利率 | 5.8% | 11.9% |
| 营收同比 | -1.6% | 5.5% |
| 净利润同比 | 16.5% | 18.2% |
| 每股收益（稀释后） | $1.88 | $5.46 |
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JBHTTHG
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $2.9B | $1.5B | ||
| Q1 24 | $2.9B | $1.6B |
净利润JBHTTHG
| Q4 25 | $181.1M | $198.5M | ||
| Q3 25 | $170.8M | $178.7M | ||
| Q2 25 | $128.6M | $157.1M | ||
| Q1 25 | $117.7M | $128.2M | ||
| Q4 24 | $155.5M | $167.9M | ||
| Q3 24 | $152.1M | $102.1M | ||
| Q2 24 | $135.9M | $40.5M | ||
| Q1 24 | $127.5M | $115.5M |
营业利润率JBHTTHG
| Q4 25 | 8.0% | 17.3% | ||
| Q3 25 | 7.9% | 14.9% | ||
| Q2 25 | 6.7% | 12.7% | ||
| Q1 25 | 6.1% | 11.6% | ||
| Q4 24 | 6.6% | 16.1% | ||
| Q3 24 | 7.3% | 9.6% | ||
| Q2 24 | 7.0% | 6.2% | ||
| Q1 24 | 6.6% | 9.7% |
净利率JBHTTHG
| Q4 25 | 5.8% | 11.9% | ||
| Q3 25 | 5.6% | 10.7% | ||
| Q2 25 | 4.4% | 9.5% | ||
| Q1 25 | 4.0% | 8.0% | ||
| Q4 24 | 4.9% | 10.6% | ||
| Q3 24 | 5.0% | 6.5% | ||
| Q2 24 | 4.6% | 2.6% | ||
| Q1 24 | 4.3% | 7.4% |
每股收益（稀释后）JBHTTHG
| Q4 25 | $1.88 | $5.46 | ||
| Q3 25 | $1.76 | $4.90 | ||
| Q2 25 | $1.31 | $4.30 | ||
| Q1 25 | $1.17 | $3.50 | ||
| Q4 24 | $1.53 | $4.60 | ||
| Q3 24 | $1.49 | $2.80 | ||
| Q2 24 | $1.32 | $1.12 | ||
| Q1 24 | $1.22 | $3.18 |
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 | $1.1B |
| 总债务越低越好 | — | $843.3M |
| 股东权益账面价值 | $3.6B | $3.6B |
| 总资产 | $7.9B | $16.9B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资JBHTTHG
| Q4 25 | $17.3M | $1.1B | ||
| Q3 25 | $52.3M | $915.7M | ||
| Q2 25 | $50.9M | $244.1M | ||
| Q1 25 | $43.4M | $315.1M | ||
| Q4 24 | $47.0M | $435.5M | ||
| Q3 24 | $120.0M | $427.1M | ||
| Q2 24 | $53.5M | $337.6M | ||
| Q1 24 | $64.2M | $264.6M |
总债务JBHTTHG
| Q4 25 | — | $843.3M | ||
| Q3 25 | — | $843.0M | ||
| Q2 25 | — | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | $977.7M | $722.3M | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
股东权益JBHTTHG
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.6B | $3.4B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.9B | $3.0B | ||
| Q4 24 | $4.0B | $2.8B | ||
| Q3 24 | $4.0B | $2.9B | ||
| Q2 24 | $4.1B | $2.6B | ||
| Q1 24 | $4.2B | $2.5B |
总资产JBHTTHG
| Q4 25 | $7.9B | $16.9B | ||
| Q3 25 | $8.1B | $16.8B | ||
| Q2 25 | $8.2B | $15.7B | ||
| Q1 25 | $8.3B | $15.5B | ||
| Q4 24 | $8.3B | $15.3B | ||
| Q3 24 | $8.3B | $15.4B | ||
| Q2 24 | $8.4B | $14.9B | ||
| Q1 24 | $8.4B | $14.6B |
负债/权益比JBHTTHG
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.24× | 0.25× | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.33× | — |
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 | $378.2M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $377.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 22.6% |
| 资本支出强度资本支出/营收 | 4.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.13× | 1.91× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $1.2B |
8季度趋势，按日历期对齐
经营现金流JBHTTHG
| Q4 25 | $385.6M | $378.2M | ||
| Q3 25 | $486.4M | $554.4M | ||
| Q2 25 | $402.1M | $206.6M | ||
| Q1 25 | $404.2M | $38.9M | ||
| Q4 24 | $317.6M | $213.5M | ||
| Q3 24 | $338.5M | $394.7M | ||
| Q2 24 | $360.6M | $139.5M | ||
| Q1 24 | $466.5M | $58.7M |
自由现金流JBHTTHG
| Q4 25 | $251.3M | $377.0M | ||
| Q3 25 | $352.4M | $551.4M | ||
| Q2 25 | $185.6M | $204.9M | ||
| Q1 25 | $158.4M | $37.1M | ||
| Q4 24 | $93.3M | $210.5M | ||
| Q3 24 | $163.1M | $392.3M | ||
| Q2 24 | $98.2M | $137.3M | ||
| Q1 24 | $263.1M | $56.1M |
自由现金流率JBHTTHG
| Q4 25 | 8.1% | 22.6% | ||
| Q3 25 | 11.5% | 33.1% | ||
| Q2 25 | 6.3% | 12.4% | ||
| Q1 25 | 5.4% | 2.3% | ||
| Q4 24 | 3.0% | 13.3% | ||
| Q3 24 | 5.3% | 25.1% | ||
| Q2 24 | 3.4% | 8.9% | ||
| Q1 24 | 8.9% | 3.6% |
资本支出强度JBHTTHG
| Q4 25 | 4.3% | 0.1% | ||
| Q3 25 | 4.4% | 0.2% | ||
| Q2 25 | 7.4% | 0.1% | ||
| Q1 25 | 8.4% | 0.1% | ||
| Q4 24 | 7.1% | 0.2% | ||
| Q3 24 | 5.7% | 0.2% | ||
| Q2 24 | 9.0% | 0.1% | ||
| Q1 24 | 6.9% | 0.2% |
现金转化率JBHTTHG
| Q4 25 | 2.13× | 1.91× | ||
| Q3 25 | 2.85× | 3.10× | ||
| Q2 25 | 3.13× | 1.32× | ||
| Q1 25 | 3.43× | 0.30× | ||
| Q4 24 | 2.04× | 1.27× | ||
| Q3 24 | 2.23× | 3.87× | ||
| Q2 24 | 2.65× | 3.44× | ||
| Q1 24 | 3.66× | 0.51× |
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% |
THG
| Personal Lines Segment | $684.6M | 41% |
| Core Commercial Lines Segment | $617.8M | 37% |
| Specialty Lines Segment | $377.9M | 23% |
