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J.B. Hunt（JBHT）与联合太平洋（UNP）财务数据对比。点击上方公司名可切换其他公司
联合太平洋的季度营收约是J.B. Hunt的2.0倍（$6.2B vs $3.1B），联合太平洋净利率更高（27.4% vs 5.8%，领先21.5%），联合太平洋同比增速更快（3.2% vs -1.6%），联合太平洋自由现金流更多（$631.0M vs $251.3M），过去两年J.B. Hunt的营收复合增速更高（2.6% vs 1.7%）
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。
联合太平洋是美国一级货运铁路运营商，共运营8300台机车，线路总长超5.18万公里，覆盖芝加哥、新奥尔良以西的23个美国州，是全美规模仅次于BNSF的第二大铁路企业。
JBHT vs UNP — 直观对比
营收规模更大
UNP
是对方的2.0倍
$3.1B
营收增速更快
UNP
高出4.7%
-1.6%
净利率更高
UNP
高出21.5%
5.8%
自由现金流更多
UNP
多$379.7M
$251.3M
两年增速更快
JBHT
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $6.2B |
| 净利润 | $181.1M | $1.7B |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | 39.5% |
| 净利率 | 5.8% | 27.4% |
| 营收同比 | -1.6% | 3.2% |
| 净利润同比 | 16.5% | 4.6% |
| 每股收益（稀释后） | $1.88 | $2.87 |
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JBHTUNP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.1B | $6.1B | ||
| Q3 25 | $3.1B | $6.2B | ||
| Q2 25 | $2.9B | $6.2B | ||
| Q1 25 | $2.9B | $6.0B | ||
| Q4 24 | $3.1B | $6.1B | ||
| Q3 24 | $3.1B | $6.1B | ||
| Q2 24 | $2.9B | $6.0B |
净利润JBHTUNP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $181.1M | $1.8B | ||
| Q3 25 | $170.8M | $1.8B | ||
| Q2 25 | $128.6M | $1.9B | ||
| Q1 25 | $117.7M | $1.6B | ||
| Q4 24 | $155.5M | $1.8B | ||
| Q3 24 | $152.1M | $1.7B | ||
| Q2 24 | $135.9M | $1.7B |
营业利润率JBHTUNP
| Q1 26 | — | 39.5% | ||
| Q4 25 | 8.0% | 39.5% | ||
| Q3 25 | 7.9% | 40.8% | ||
| Q2 25 | 6.7% | 41.0% | ||
| Q1 25 | 6.1% | 39.3% | ||
| Q4 24 | 6.6% | 41.3% | ||
| Q3 24 | 7.3% | 39.7% | ||
| Q2 24 | 7.0% | 40.0% |
净利率JBHTUNP
| Q1 26 | — | 27.4% | ||
| Q4 25 | 5.8% | 30.4% | ||
| Q3 25 | 5.6% | 28.6% | ||
| Q2 25 | 4.4% | 30.5% | ||
| Q1 25 | 4.0% | 27.0% | ||
| Q4 24 | 4.9% | 28.8% | ||
| Q3 24 | 5.0% | 27.4% | ||
| Q2 24 | 4.6% | 27.9% |
每股收益（稀释后）JBHTUNP
| Q1 26 | — | $2.87 | ||
| Q4 25 | $1.88 | $3.12 | ||
| Q3 25 | $1.76 | $3.01 | ||
| Q2 25 | $1.31 | $3.15 | ||
| Q1 25 | $1.17 | $2.70 | ||
| Q4 24 | $1.53 | $2.91 | ||
| Q3 24 | $1.49 | $2.75 | ||
| Q2 24 | $1.32 | $2.74 |
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 | $735.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | — |
| 总资产 | $7.9B | $69.6B |
| 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JBHTUNP
| Q1 26 | — | $735.0M | ||
| Q4 25 | $17.3M | $1.3B | ||
| Q3 25 | $52.3M | $808.0M | ||
| Q2 25 | $50.9M | $1.1B | ||
| Q1 25 | $43.4M | $1.4B | ||
| Q4 24 | $47.0M | $1.0B | ||
| Q3 24 | $120.0M | $947.0M | ||
| Q2 24 | $53.5M | $1.1B |
总债务JBHTUNP
| Q1 26 | — | — | ||
| Q4 25 | — | $30.3B | ||
| Q3 25 | — | $30.3B | ||
| Q2 25 | — | $30.3B | ||
| Q1 25 | — | $30.6B | ||
| Q4 24 | $977.7M | $29.8B | ||
| Q3 24 | $1.0B | $29.8B | ||
| Q2 24 | $1.5B | $31.2B |
股东权益JBHTUNP
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $18.5B | ||
| Q3 25 | $3.6B | $17.3B | ||
| Q2 25 | $3.7B | $16.3B | ||
| Q1 25 | $3.9B | $16.0B | ||
| Q4 24 | $4.0B | $16.9B | ||
| Q3 24 | $4.0B | $16.6B | ||
| Q2 24 | $4.1B | $16.5B |
总资产JBHTUNP
| Q1 26 | — | $69.6B | ||
| Q4 25 | $7.9B | $69.7B | ||
| Q3 25 | $8.1B | $68.6B | ||
| Q2 25 | $8.2B | $68.6B | ||
| Q1 25 | $8.3B | $68.5B | ||
| Q4 24 | $8.3B | $67.7B | ||
| Q3 24 | $8.3B | $67.6B | ||
| Q2 24 | $8.4B | $67.8B |
负债/权益比JBHTUNP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | 0.24× | 1.76× | ||
| Q3 24 | 0.26× | 1.79× | ||
| Q2 24 | 0.36× | 1.89× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $631.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 10.1% |
| 资本支出强度资本支出/营收 | 4.3% | — |
| 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 | $4.8B |
8季度趋势，按日历期对齐
经营现金流JBHTUNP
| Q1 26 | — | — | ||
| Q4 25 | $385.6M | $2.2B | ||
| Q3 25 | $486.4M | $2.5B | ||
| Q2 25 | $402.1M | $2.3B | ||
| Q1 25 | $404.2M | $2.2B | ||
| Q4 24 | $317.6M | $2.7B | ||
| Q3 24 | $338.5M | $2.7B | ||
| Q2 24 | $360.6M | $1.9B |
自由现金流JBHTUNP
| Q1 26 | — | $631.0M | ||
| Q4 25 | $251.3M | $1.2B | ||
| Q3 25 | $352.4M | $1.6B | ||
| Q2 25 | $185.6M | $1.4B | ||
| Q1 25 | $158.4M | $1.3B | ||
| Q4 24 | $93.3M | $1.7B | ||
| Q3 24 | $163.1M | $1.8B | ||
| Q2 24 | $98.2M | $1.0B |
自由现金流率JBHTUNP
| Q1 26 | — | 10.1% | ||
| Q4 25 | 8.1% | 20.1% | ||
| Q3 25 | 11.5% | 25.2% | ||
| Q2 25 | 6.3% | 22.7% | ||
| Q1 25 | 5.4% | 21.6% | ||
| Q4 24 | 3.0% | 28.4% | ||
| Q3 24 | 5.3% | 29.9% | ||
| Q2 24 | 3.4% | 16.8% |
资本支出强度JBHTUNP
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 16.4% | ||
| Q3 25 | 4.4% | 15.2% | ||
| Q2 25 | 7.4% | 15.2% | ||
| Q1 25 | 8.4% | 15.0% | ||
| Q4 24 | 7.1% | 15.1% | ||
| Q3 24 | 5.7% | 13.6% | ||
| Q2 24 | 9.0% | 15.0% |
现金转化率JBHTUNP
| Q1 26 | — | — | ||
| Q4 25 | 2.13× | 1.20× | ||
| Q3 25 | 2.85× | 1.41× | ||
| Q2 25 | 3.13× | 1.24× | ||
| Q1 25 | 3.43× | 1.36× | ||
| Q4 24 | 2.04× | 1.51× | ||
| Q3 24 | 2.23× | 1.59× | ||
| Q2 24 | 2.65× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
