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J.B. Hunt（JBHT）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是J.B. Hunt的1.6倍（$4.8B vs $3.1B），J.B. Hunt净利率更高（5.8% vs 4.8%，领先1.0%），Vistra Corp.同比增速更快（31.2% vs -1.6%），Vistra Corp.自由现金流更多（$596.0M vs $251.3M），过去两年Vistra Corp.的营收复合增速更高（23.3% 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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
JBHT vs VST — 直观对比
营收规模更大
VST
是对方的1.6倍
$3.1B
营收增速更快
VST
高出32.8%
-1.6%
净利率更高
JBHT
高出1.0%
4.8%
自由现金流更多
VST
多$344.7M
$251.3M
两年增速更快
VST
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.8B |
| 净利润 | $181.1M | $233.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | 9.9% |
| 净利率 | 5.8% | 4.8% |
| 营收同比 | -1.6% | 31.2% |
| 净利润同比 | 16.5% | -47.2% |
| 每股收益（稀释后） | $1.88 | $0.55 |
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JBHTVST
| Q4 25 | $3.1B | $4.8B | ||
| Q3 25 | $3.1B | $4.8B | ||
| Q2 25 | $2.9B | $3.8B | ||
| Q1 25 | $2.9B | $4.3B | ||
| Q4 24 | $3.1B | $3.7B | ||
| Q3 24 | $3.1B | $4.3B | ||
| Q2 24 | $2.9B | $3.6B | ||
| Q1 24 | $2.9B | $3.2B |
净利润JBHTVST
| Q4 25 | $181.1M | $233.0M | ||
| Q3 25 | $170.8M | $652.0M | ||
| Q2 25 | $128.6M | $327.0M | ||
| Q1 25 | $117.7M | $-268.0M | ||
| Q4 24 | $155.5M | $441.0M | ||
| Q3 24 | $152.1M | $1.9B | ||
| Q2 24 | $135.9M | $365.0M | ||
| Q1 24 | $127.5M | $-35.0M |
营业利润率JBHTVST
| Q4 25 | 8.0% | 9.9% | ||
| Q3 25 | 7.9% | 21.7% | ||
| Q2 25 | 6.7% | 13.7% | ||
| Q1 25 | 6.1% | -2.8% | ||
| Q4 24 | 6.6% | 16.4% | ||
| Q3 24 | 7.3% | 59.6% | ||
| Q2 24 | 7.0% | 22.5% | ||
| Q1 24 | 6.6% | 2.7% |
净利率JBHTVST
| Q4 25 | 5.8% | 4.8% | ||
| Q3 25 | 5.6% | 13.6% | ||
| Q2 25 | 4.4% | 8.7% | ||
| Q1 25 | 4.0% | -6.3% | ||
| Q4 24 | 4.9% | 12.0% | ||
| Q3 24 | 5.0% | 43.5% | ||
| Q2 24 | 4.6% | 10.1% | ||
| Q1 24 | 4.3% | -1.1% |
每股收益（稀释后）JBHTVST
| Q4 25 | $1.88 | $0.55 | ||
| Q3 25 | $1.76 | $1.75 | ||
| Q2 25 | $1.31 | $0.81 | ||
| Q1 25 | $1.17 | $-0.93 | ||
| Q4 24 | $1.53 | $1.09 | ||
| Q3 24 | $1.49 | $5.25 | ||
| Q2 24 | $1.32 | $0.90 | ||
| Q1 24 | $1.22 | $-0.24 |
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 | $785.0M |
| 总债务越低越好 | — | $15.8B |
| 股东权益账面价值 | $3.6B | $5.1B |
| 总资产 | $7.9B | $41.5B |
| 负债/权益比越低杠杆越低 | — | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资JBHTVST
| Q4 25 | $17.3M | $785.0M | ||
| Q3 25 | $52.3M | $602.0M | ||
| Q2 25 | $50.9M | $458.0M | ||
| Q1 25 | $43.4M | $561.0M | ||
| Q4 24 | $47.0M | $1.2B | ||
| Q3 24 | $120.0M | $905.0M | ||
| Q2 24 | $53.5M | $1.6B | ||
| Q1 24 | $64.2M | $1.1B |
总债务JBHTVST
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | $977.7M | $15.4B | ||
| Q3 24 | $1.0B | $13.9B | ||
| Q2 24 | $1.5B | $13.9B | ||
| Q1 24 | $1.4B | $14.7B |
股东权益JBHTVST
| Q4 25 | $3.6B | $5.1B | ||
| Q3 25 | $3.6B | $5.2B | ||
| Q2 25 | $3.7B | $4.8B | ||
| Q1 25 | $3.9B | $4.8B | ||
| Q4 24 | $4.0B | $5.6B | ||
| Q3 24 | $4.0B | $5.4B | ||
| Q2 24 | $4.1B | $5.6B | ||
| Q1 24 | $4.2B | $5.7B |
总资产JBHTVST
| Q4 25 | $7.9B | $41.5B | ||
| Q3 25 | $8.1B | $38.0B | ||
| Q2 25 | $8.2B | $38.1B | ||
| Q1 25 | $8.3B | $38.2B | ||
| Q4 24 | $8.3B | $37.8B | ||
| Q3 24 | $8.3B | $37.9B | ||
| Q2 24 | $8.4B | $39.1B | ||
| Q1 24 | $8.4B | $38.2B |
负债/权益比JBHTVST
| Q4 25 | — | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | 0.24× | 2.77× | ||
| Q3 24 | 0.26× | 2.56× | ||
| Q2 24 | 0.36× | 2.49× | ||
| Q1 24 | 0.33× | 2.60× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $596.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 12.4% |
| 资本支出强度资本支出/营收 | 4.3% | 17.4% |
| 现金转化率经营现金流/净利润 | 2.13× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $1.3B |
8季度趋势，按日历期对齐
经营现金流JBHTVST
| Q4 25 | $385.6M | $1.4B | ||
| Q3 25 | $486.4M | $1.5B | ||
| Q2 25 | $402.1M | $572.0M | ||
| Q1 25 | $404.2M | $599.0M | ||
| Q4 24 | $317.6M | $1.4B | ||
| Q3 24 | $338.5M | $1.7B | ||
| Q2 24 | $360.6M | $1.2B | ||
| Q1 24 | $466.5M | $312.0M |
自由现金流JBHTVST
| Q4 25 | $251.3M | $596.0M | ||
| Q3 25 | $352.4M | $1.0B | ||
| Q2 25 | $185.6M | $-118.0M | ||
| Q1 25 | $158.4M | $-169.0M | ||
| Q4 24 | $93.3M | $923.0M | ||
| Q3 24 | $163.1M | $1.0B | ||
| Q2 24 | $98.2M | $698.0M | ||
| Q1 24 | $263.1M | $-153.0M |
自由现金流率JBHTVST
| Q4 25 | 8.1% | 12.4% | ||
| Q3 25 | 11.5% | 21.1% | ||
| Q2 25 | 6.3% | -3.1% | ||
| Q1 25 | 5.4% | -4.0% | ||
| Q4 24 | 3.0% | 25.2% | ||
| Q3 24 | 5.3% | 23.4% | ||
| Q2 24 | 3.4% | 19.4% | ||
| Q1 24 | 8.9% | -4.8% |
资本支出强度JBHTVST
| Q4 25 | 4.3% | 17.4% | ||
| Q3 25 | 4.4% | 9.6% | ||
| Q2 25 | 7.4% | 18.4% | ||
| Q1 25 | 8.4% | 18.1% | ||
| Q4 24 | 7.1% | 11.7% | ||
| Q3 24 | 5.7% | 15.8% | ||
| Q2 24 | 9.0% | 13.8% | ||
| Q1 24 | 6.9% | 14.7% |
现金转化率JBHTVST
| Q4 25 | 2.13× | 6.15× | ||
| Q3 25 | 2.85× | 2.25× | ||
| Q2 25 | 3.13× | 1.75× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | 2.04× | 3.07× | ||
| Q3 24 | 2.23× | 0.90× | ||
| Q2 24 | 2.65× | 3.28× | ||
| 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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
